DMG Mori Co.
Japanese maker of CNC machine tools used in aerospace, defense, and medical manufacturing.
Orders are growing again after a rough FY2025, and the company's certified-vertical relationships still keep Chinese rivals out of its highest-value work.
DMG Mori builds computer-controlled machine tools used in aerospace, defense, and medical manufacturing. The company is hard to replace because customers need special certifications to buy its machines, its repair network spans the globe, and its technical know-how took decades to build; Chinese machine-makers are starting to move into this same high-end market at cheaper prices. If Chinese competitors ship certified machines that work as well but cost 30 to 40 percent less, DMG Mori's sales could start slipping in Europe and North America within the next year or two.
DMG MORI AG's EBIT margin recovers above 10% in FY2026 results versus 6.0% in FY2025. Would show margin pressure was cyclical, not a sign of structural share loss.
DMG Mori's FY2026 order intake vs guided JPY 540.0 billion at May 2026 Q1 release. Would confirm whether late-2025 order acceleration is sustaining or reversing.
- FY2025 group revenue JPY 515.0 billion
- FY2025 orders JPY 523.4 billion, up ~5.5-6% y/y
- FY2025 EBIT fell 56.6% y/y
- Chinese premium CNC makers could ship certified 5-axis/hybrid machines at 60-70% of price into aerospace and medical verticals.
- Ongoing scrutiny over alleged diversion of DMG Mori-origin machines to Russia despite 2024 expropriation and insurance payout.
- Sharp margin compression: FY2025 EBIT fell 56.6% year over year despite revenue holding above JPY 500 billion.
- DMG MORI AG sales fell 6% in FY2025 even as orders rose, signaling execution or backlog conversion issues.
- Potential escalation of US tariffs beyond the 'minor' impact flagged in FY2025 guidance.
| Rival | Direction | Evidence |
|---|---|---|
| Yamazaki Mazak | contesting | Cited as global unit-share leader with just over 5% share in 2025 industry estimate |
| Haas Automation | contesting | Value-tier CNC volume leader competing at lower price points, per 2026-01-06 report |
| Fanuc Corporation | gaining on | Holds 65%+ of CNC control-system market as adjacent giant, per 2026-04-08 comparison site |
| Chinese premium CNC entrants | gaining on | Hypothetical move upmarket into 5-axis/hybrid with aerospace certifications, not yet shipped as of 2026 |
| Trumpf GmbH | contesting | Germany laser/sheet-metal leader, top-5 peer per 2026-05-31 market report |
- Is DMG Mori profitable in 2025?
- Yes. DMG Mori Co. reported FY2025 (ended Dec 31, 2025) group revenue of JPY 515.0 billion, operating profit JPY 19.0 billion, and net profit attributable to owners of JPY 24.0 billion, marking the third straight year sales exceeded JPY 500 billion, per its Feb 10, 2026 TDnet filing.
- Who owns DMG Mori?
- DMG Mori Co., Ltd. is a public Japanese company (TSE: 6141) with no controlling parent. Top shareholders as of 2026-07-26 include Baillie Gifford & Co. (10.0%) and Global Alpha Capital Management (7.5%). It in turn owns 89.63% of Germany's DMG MORI AG as of Dec 31, 2025.
- Could AI replace DMG Mori's machine tools business?
- No. DMG Mori's core value is precision electromechanical manufacturing, proprietary spindle and thermal-stability IP, and certification lock-in in aerospace, defense and medical verticals. AI can affect CAM programming and predictive maintenance software layers but cannot replicate physical machine production or regulated certifications.
- Is DMG Mori facing layoffs in 2025 or 2026?
- No evidence of layoffs found. DMG MORI AG headcount rose to 7,428 employees as of March 31, 2026, up 76 (+1.03%) year over year, and group-wide headcount is roughly 13,500 across 45 countries, consistent with a stable-to-growing workforce.
- Who is DMG Mori's biggest competitor?
- DMG Mori competes in a top-5 field with Yamazaki Mazak, Fanuc, Haas Automation and Trumpf, which together held roughly 35% of the global metalworking machine market in 2025 per an industry research estimate; Yamazaki Mazak was cited as leading with just over 5% share.
- Is DMG Mori a safe company to join in 2026?
- It appears structurally stable: FY2025 group revenue was JPY 515.0 billion with orders up 5.5 to 6% year over year to JPY 523.4 billion, and FY2026 order guidance calls for growth to JPY 540.0 billion, though margins compressed sharply, with EBIT down 56.6% year over year.
- 2026-03-18DMG MORI AG reports FY2025 order intake up 4% to EUR 2,340.2 million but sales down 6%
- 2026-02-10DMG Mori Co. FY2025 results filed on TDnet: JPY 515.0bn revenue, JPY 24.0bn net profit
- 2025-11-01Commercial launch of CTX beta 2000 TC multi-tasking additive-subtractive machining center
- 2025-09-22EMO Hannover 2025: DMG Mori unveils 8 world-premiere machines including DMC 55 H Twin
- 2025-08-07German export-credit insurer confirms payout of JPY 17.2bn over Russia expropriation
- 2025-02-11Business & Human Rights Resource Centre publishes DMG Mori response on Russia diversion allegations
- 2024-02Russian government expropriates former DMG Mori subsidiary Ulyanovsk Machine Tools
- 2016DMG Mori and Gildemeister AG enter dominance and profit-transfer agreement
- 2015DMG Mori acquires controlling 52.54% stake in Gildemeister AG
- FY2025 financial results (TDnet) (2026-02-10)
- FY2025 4Q results release
- DMG MORI AG increases order intake in 2025 (2026-03-18)
- Who Owns DMG Mori Seiki? GILG Shareholders (2026-04-02)
- gurufocus.com (2026-07-26)
- Integrated Report 2025 Financial Data
- DMG Mori Seiki Co. (2026-07-26)
- DMG MORI AKTIENGESELLSCHAFT
- DMG MORI AKTIENGESELLSCHAFT (ETR: GIL) Employees (2026-06-30)
- Dmg Mori Ag Number of Employees 2026 (2026-06-29)
- DMG MORI World, Manufacturing the Future (2025-07-10)
- Metalworking Machine Market Size, Forecasts Report 2026-2035 (2026-05-31)