Nordson (NDSN) Financials

$278.93 -2.23 (-0.79%)

Closing price 05/13/2026 04:00 PM Eastern

Extended Trading

$278.92 0.00 (0.00%)

As of 07:38 AM Eastern

Annual Income Statements for Nordson

This table shows Nordson's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Net Income / (Loss) Attributable to Common Shareholders	211	272	296	377	337	250	454	513	487	467	484
Consolidated Net Income / (Loss)	211	272	296	377	337	250	454	513	487	467	484
Net Income / (Loss) Continuing Operations	211	272	296	377	337	250	454	513	487	467	484
Total Pre-Tax Income	301	368	420	449	431	301	574	649	615	585	598
Total Operating Income	318	388	466	503	483	350	615	702	673	674	712
Total Gross Profit	914	993	1,139	1,236	1,192	1,130	1,324	1,427	1,425	1,486	1,540
Total Revenue	1,689	1,809	2,067	2,255	2,194	2,121	2,362	2,590	2,629	2,690	2,792
Operating Revenue	1,689	1,809	2,067	2,255	2,194	2,121	2,362	2,590	2,629	2,690	2,792
Total Cost of Revenue	775	815	928	1,018	1,002	991	1,038	1,164	1,203	1,204	1,252
Operating Cost of Revenue	775	815	928	1,018	1,002	991	1,038	1,164	1,203	1,204	1,252
Total Operating Expenses	596	605	673	734	709	781	709	724	753	812	828
Selling, General & Admin Expense	585	605	673	734	709	694	709	724	753	812	816
Impairment Charge	-	-	-	0.00	0.00	87	0.00	-	0.00	0.00	13
Total Other Income / (Expense), net	-17	-20	-46	-54	-52	-48	-41	-53	-57	-89	-114
Interest Expense	18	21	37	50	47	32	25	22	60	89	104
Interest & Investment Income	0.56	0.73	1.12	1.38	1.84	1.68	2.15	2.03	2.68	4.91	3.05
Other Income / (Expense), net	0.68	0.66	-11	-5.87	-6.71	-18	-18	-33	-0.60	-4.51	-13
Income Tax Expense	90	97	124	71	94	52	120	136	128	118	113
Basic Earnings per Share	$3.48	$4.76	$5.14	$6.51	$5.87	$4.32	$7.82	$8.90	$8.54	$8.17	$8.56
Weighted Average Basic Shares Outstanding	60.65M	57.06M	57.53M	57.97M	57.46M	57.76M	58.09M	57.63M	57.09M	57.18M	56.61M
Diluted Earnings per Share	$3.45	$4.73	$5.08	$6.40	$5.79	$4.27	$7.74	$8.81	$8.46	$8.11	$8.51
Weighted Average Diluted Shares Outstanding	61.15M	57.53M	58.20M	58.93M	58.20M	58.47M	58.73M	58.25M	57.63M	57.62M	56.92M
Weighted Average Basic & Diluted Shares Outstanding	60.70M	57.10M	57.50M	58M	57.71M	58.09M	58.18M	57.16M	57.02M	57.02M	55.82M
Cash Dividends to Common per Share	$0.90	$0.99	$1.11	$1.25	$1.43	$1.53	$1.69	$2.18	$2.63	$2.82	$3.16

This table shows Nordson's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	128	128	110	118	117	122	95	112	126	152	133
Consolidated Net Income / (Loss)	128	128	110	118	117	122	95	112	126	152	133
Net Income / (Loss) Continuing Operations	128	128	110	118	117	122	95	112	126	152	133
Total Pre-Tax Income	162	161	139	149	149	148	117	139	159	183	165
Total Operating Income	171	185	159	169	167	179	141	169	188	214	166
Total Gross Profit	360	384	348	366	369	403	336	374	407	423	366
Total Revenue	649	719	633	651	662	744	615	683	742	752	669
Operating Revenue	649	719	633	651	662	744	615	683	742	752	669
Total Cost of Revenue	288	335	285	285	293	342	280	309	335	328	303
Operating Cost of Revenue	288	335	285	285	293	342	280	309	335	328	303
Total Operating Expenses	189	199	189	197	202	224	195	205	219	209	200
Selling, General & Admin Expense	189	199	189	197	202	224	195	205	207	209	200
Total Other Income / (Expense), net	-8.94	-24	-21	-19	-18	-31	-24	-30	-29	-31	-1.90
Interest Expense	12	27	21	20	19	29	27	27	26	25	23
Interest & Investment Income	0.60	1.05	1.04	1.55	1.03	1.29	0.94	0.55	0.56	1.00	0.39
Other Income / (Expense), net	2.54	1.46	-0.34	-0.79	0.15	-3.54	1.53	-3.96	-2.95	-7.59	21
Income Tax Expense	34	33	29	31	32	26	22	26	33	31	31
Basic Earnings per Share	$2.24	$2.25	$1.92	$2.07	$2.05	$2.13	$1.66	$1.98	$2.23	$2.69	$2.39
Weighted Average Basic Shares Outstanding	56.99M	57.09M	57.06M	57.22M	57.23M	57.18M	57.13M	56.79M	56.44M	56.61M	55.79M
Diluted Earnings per Share	$2.22	$2.22	$1.90	$2.05	$2.04	$2.12	$1.65	$1.97	$2.22	$2.67	$2.38
Weighted Average Diluted Shares Outstanding	57.53M	57.63M	57.56M	57.68M	57.62M	57.62M	57.49M	57.04M	56.73M	56.92M	56.13M
Weighted Average Basic & Diluted Shares Outstanding	57.01M	57.02M	57.19M	57.27M	57.18M	57.02M	56.91M	56.51M	56.19M	55.82M	55.78M
Cash Dividends to Common per Share	$0.65	$0.68	$0.68	$0.68	$0.68	$0.78	$0.78	$0.78	$0.78	$0.82	$0.82

This table details how cash moves in and out of Nordson's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Net Change in Cash & Equivalents	7.95	17	20	5.30	55	57	92	-137	2,760	1,566	-7.51
Net Cash From Operating Activities	262	335	357	505	383	502	546	513	641	556	719
Net Cash From Continuing Operating Activities	262	335	357	505	383	502	546	545	641	556	719
Net Income / (Loss) Continuing Operations	211	272	296	377	337	250	454	513	487	467	484
Consolidated Net Income / (Loss)	211	272	296	377	337	250	454	513	487	467	484
Depreciation Expense	38	41	46	53	55	56	53	49	52	59	71
Amortization Expense	27	29	45	55	55	57	51	51	60	77	79
Non-Cash Adjustments To Reconcile Net Income	13	24	27	25	21	93	28	22	29	24	27
Changes in Operating Assets and Liabilities, net	-27	-31	-57	-6.07	-85	47	-41	-90	12	-72	57
Net Cash From Investing Activities	-139	-102	-878	-140	-76	-194	-33	-223	-1,437	-844	-27
Net Cash From Continuing Investing Activities	-139	-102	-878	-140	-76	-194	-33	-223	1,368	716	-27
Purchase of Property, Plant & Equipment	-62	-61	-72	-90	-64	-51	-38	-51	-35	-64	-58
Acquisitions	-77	-43	-806	-51	-12	-142	0.00	-172	1,423	790	0.00
Sale of Property, Plant & Equipment	0.60	1.30	4.01	0.46	1.29	0.84	0.16	0.28	0.10	0.08	0.31
Divestitures	-	-	-	-	-	-	-	-	0.00	0.00	28
Other Investing Activities, net	-	-	-	0.00	-0.84	-2.00	4.97	0.00	-20	-9.93	2.95
Net Cash From Financing Activities	-111	-214	541	-354	-251	-252	-423	-416	751	294	-706
Net Cash From Continuing Financing Activities	-111	-214	541	-354	-251	-252	-423	-416	751	294	-706
Repayment of Debt	-461	-410	-254	-863	-261	-327	-305	-102	-1,209	-325	-250
Repurchase of Common Equity	-384	-33	-3.22	-24	-121	-53	-61	-263	-90	-33	-306
Payment of Dividends	-55	-56	-64	-72	-82	-88	-98	-126	-150	-161	-179
Issuance of Debt	779	275	848	587	187	166	9.41	63	2,179	783	26
Issuance of Common Equity	5.37	11	14	19	26	51	32	12	21	31	9.01
Other Financing Activities, net	3.66	-	-	0.00	-	0.00	0.00	0.00	-	-	-5.87
Effect of Exchange Rate Changes	-4.48	-1.71	-	-5.74	-0.04	0.35	1.83	-11	-	-	6.44

This table details how cash moves in and out of Nordson's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Net Change in Cash & Equivalents	14	-27	21	-11	40	-49	14	-0.27	18	-39	12
Net Cash From Operating Activities	190	163	172	123	165	96	159	119	238	203	140
Net Cash From Continuing Operating Activities	190	163	172	123	165	96	159	119	238	203	140
Net Income / (Loss) Continuing Operations	128	128	110	118	117	122	95	112	126	152	133
Consolidated Net Income / (Loss)	128	128	110	118	117	122	95	112	126	152	133
Depreciation Expense	27	-28	34	33	33	-40	37	38	38	-41	37
Non-Cash Adjustments To Reconcile Net Income	7.38	13	4.91	7.46	3.07	9.01	5.38	7.67	17	-0.32	-17
Changes in Operating Assets and Liabilities, net	28	-8.60	24	-36	11	-71	22	-38	58	14	-12
Net Cash From Investing Activities	-8.84	-1,035	-5.73	-9.45	-20	-810	-14	-13	-18	18	-18
Net Cash From Continuing Investing Activities	-8.84	-1,035	-5.73	-9.45	-20	-810	-14	-13	-18	18	-18
Purchase of Property, Plant & Equipment	-8.90	-10	-7.53	-14	-22	-21	-21	-16	-12	-9.06	-18
Sale of Property, Plant & Equipment	0.05	0.01	0.02	0.01	0.03	0.01	0.30	-	0.01	0.00	1.10
Other Investing Activities, net	-	20	1.78	4.92	2.13	1.10	6.83	3.22	-6.07	-1.01	-1.26
Net Cash From Financing Activities	-167	853	-140	-125	-105	665	-128	-113	-204	-262	-112
Net Cash From Continuing Financing Activities	-167	853	-140	-125	-105	665	-128	-113	-204	-262	-112
Repayment of Debt	-604	-4.20	-108	-100	-41	-70	-24	-6.23	-89	-130	-265
Repurchase of Common Equity	-24	-12	-7.37	-0.56	-26	0.77	-60	-86	-72	-88	-86
Payment of Dividends	-37	-39	-39	-39	-39	-45	-45	-44	-44	-46	-46
Issuance of Debt	493	899	0.81	2.87	0.66	779	1.66	23	0.31	0.66	267
Issuance of Common Equity	6.64	2.92	14	13	1.92	1.93	1.00	1.80	2.62	3.60	19
Other Financing Activities, net	-1.99	4.77	-1.49	-1.39	-1.62	-1.64	-1.32	-1.31	-1.46	-1.79	-1.62
Effect of Exchange Rate Changes	-	-	-5.62	1.36	-0.40	-1.35	-2.79	6.62	-	-	1.43

This table presents Nordson's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Total Assets	2,360	2,421	3,415	3,421	3,516	3,675	3,791	3,820	5,252	6,001	5,918
Total Current Assets	712	746	888	884	1,011	1,021	1,165	1,133	1,229	1,275	1,243
Cash & Equivalents	50	67	90	96	151	208	300	163	116	116	108
Accounts Receivable	390	429	505	491	531	472	489	537	591	595	588
Inventories, net	226	220	264	264	283	277	327	383	455	477	445
Prepaid Expenses	21	29	29	33	46	44	48	49	68	87	102
Plant, Property, & Equipment, net	250	273	346	387	399	0.00	356	353	393	545	517
Total Noncurrent Assets	1,399	1,402	2,180	2,150	2,106	2,654	2,271	2,334	3,630	4,181	4,158
Goodwill	1,082	1,107	1,589	1,608	1,615	1,713	1,713	1,805	2,784	3,281	3,305
Intangible Assets	277	260	547	500	446	408	357	329	673	741	682
Noncurrent Deferred & Refundable Income Taxes	5.71	11	11	9.78	11	9.83	11	10	16	11	11
Other Noncurrent Operating Assets	33	24	32	33	35	523	189	189	157	148	160
Total Liabilities & Shareholders' Equity	2,360	2,421	3,415	3,421	3,516	3,675	3,791	3,820	5,252	6,001	5,918
Total Liabilities	1,700	1,569	2,259	1,970	1,935	1,916	1,632	1,526	2,654	3,069	2,874
Total Current Liabilities	291	332	648	350	478	363	445	834	582	528	758
Short-Term Debt	29	45	331	33	169	38	34	393	116	104	315
Accounts Payable	68	75	86	84	85	71	92	99	106	98	121
Accrued Expenses	141	163	173	175	162	168	202	207	200	225	229
Current Deferred Revenue	23	26	35	39	41	42	78	93	93	46	44
Current Deferred & Payable Income Tax Liabilities	30	23	22	19	16	7.84	17	22	45	33	26
Other Current Liabilities	-	-	-	-	5.36	23	23	21	22	22	23
Total Noncurrent Liabilities	1,410	1,237	1,611	1,620	1,458	1,553	1,186	692	2,072	2,540	2,116
Long-Term Debt	1,093	943	1,256	1,285	1,075	1,068	782	345	1,621	2,101	1,681
Capital Lease Obligations	9.70	9.71	9.69	8.85	9.51	-	15	11	12	12	8.36
Noncurrent Deferred & Payable Income Tax Liabilities	90	62	134	101	84	67	88	111	211	206	192
Noncurrent Employee Benefit Liabilities	185	201	185	183	245	251	163	97	91	98	87
Other Noncurrent Operating Liabilities	33	22	26	42	44	167	138	127	137	123	147
Total Equity & Noncontrolling Interests	660	852	1,155	1,451	1,581	1,759	2,159	2,294	2,598	2,932	3,044
Total Preferred & Common Equity	660	852	1,155	1,451	1,581	1,759	2,159	2,294	2,598	2,932	3,044
Total Common Equity	660	852	1,155	1,451	1,581	1,759	2,159	2,294	2,598	2,932	3,044
Common Stock	361	389	425	459	495	547	598	639	680	726	753
Retained Earnings	1,717	1,933	2,165	2,488	2,748	2,909	3,265	3,652	3,989	4,295	4,601
Treasury Stock	-1,274	-1,302	-1,300	-1,317	-1,430	-1,471	-1,528	-1,789	-1,875	-1,905	-2,210
Accumulated Other Comprehensive Income / (Loss)	-145	-168	-134	-179	-232	-226	-176	-208	-196	-185	-100

This table presents Nordson's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	1/31/2026
Total Assets	4,193	4,197	5,252	5,247	5,172	5,204	6,001	5,872	6,062	6,010	5,961
Total Current Assets	1,155	1,177	1,229	1,208	1,186	1,224	1,275	1,226	1,324	1,327	1,252
Cash & Equivalents	129	143	116	136	125	165	116	130	130	148	120
Accounts Receivable	528	534	591	538	530	539	595	531	624	589	572
Inventories, net	440	440	455	451	444	438	477	472	474	459	451
Prepaid Expenses	58	60	68	83	86	82	87	92	96	91	109
Plant, Property, & Equipment, net	355	351	393	394	396	401	545	538	546	526	522
Total Noncurrent Assets	2,683	2,669	3,630	3,644	3,591	3,579	4,181	4,107	4,192	4,157	4,188
Goodwill	2,110	2,111	2,784	2,805	2,783	2,786	3,281	3,242	3,311	3,306	3,332
Intangible Assets	364	351	673	666	642	629	741	704	715	698	671
Noncurrent Deferred & Refundable Income Taxes	12	12	16	19	20	20	11	12	14	12	11
Other Noncurrent Operating Assets	196	196	157	154	146	144	148	148	152	141	173
Total Liabilities & Shareholders' Equity	4,193	4,197	5,252	5,247	5,172	5,204	6,001	5,872	6,062	6,010	5,961
Total Liabilities	1,696	1,617	2,654	2,523	2,384	2,351	3,069	2,995	3,102	3,028	2,849
Total Current Liabilities	990	529	582	552	536	518	528	484	517	783	460
Short-Term Debt	603	111	116	117	119	96	104	101	95	336	54
Accounts Payable	85	105	106	103	103	98	98	89	120	130	118
Accrued Expenses	158	170	200	183	177	205	225	182	203	221	183
Current Deferred Revenue	92	95	93	76	62	62	46	49	61	55	48
Current Deferred & Payable Income Tax Liabilities	30	27	45	51	54	34	33	41	15	7.24	35
Other Current Liabilities	22	21	22	22	22	22	22	22	23	23	22
Total Noncurrent Liabilities	706	1,089	2,072	1,971	1,848	1,832	2,540	2,511	2,585	2,245	2,389
Long-Term Debt	346	727	1,621	1,514	1,414	1,398	2,101	2,085	2,119	1,786	1,943
Capital Lease Obligations	11	11	12	12	12	12	12	12	12	-	8.21
Noncurrent Deferred & Payable Income Tax Liabilities	120	120	211	207	207	205	206	209	202	199	194
Noncurrent Employee Benefit Liabilities	103	104	91	92	92	94	98	96	101	101	88
Other Noncurrent Operating Liabilities	126	127	137	147	121	123	123	109	151	159	155
Total Equity & Noncontrolling Interests	2,497	2,580	2,598	2,724	2,788	2,854	2,932	2,877	2,960	2,982	3,112
Total Preferred & Common Equity	2,497	2,580	2,598	2,724	2,788	2,854	2,932	2,877	2,960	2,982	3,112
Total Common Equity	2,497	2,580	2,598	2,724	2,788	2,854	2,932	2,877	2,960	2,982	3,112
Common Stock	661	672	680	698	714	720	726	731	738	744	774
Retained Earnings	3,810	3,900	3,989	4,060	4,139	4,218	4,295	4,345	4,413	4,495	4,688
Treasury Stock	-1,841	-1,864	-1,875	-1,881	-1,880	-1,906	-1,905	-1,964	-2,050	-2,122	-2,293
Accumulated Other Comprehensive Income / (Loss)	-132	-129	-196	-153	-186	-179	-185	-236	-141	-136	-57

This table displays calculated financial ratios and metrics derived from Nordson's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.90%	7.13%	14.26%	9.08%	-2.68%	-3.33%	11.37%	9.65%	1.48%	2.33%	3.78%
EBITDA Growth	-10.10%	19.76%	18.99%	10.70%	-3.05%	-24.10%	57.52%	9.72%	1.88%	2.76%	5.41%
EBIT Growth	-13.23%	22.20%	17.14%	8.98%	-4.09%	-30.32%	79.99%	12.07%	0.37%	-0.40%	4.37%
NOPAT Growth	-13.25%	28.53%	14.55%	28.82%	-10.67%	-23.41%	68.25%	14.03%	-3.98%	0.93%	7.25%
Net Income Growth	-14.45%	28.77%	8.81%	27.58%	-10.67%	-25.97%	82.08%	12.93%	-4.99%	-4.15%	3.68%
EPS Growth	-10.16%	37.10%	7.40%	25.98%	-9.53%	-26.25%	81.26%	13.82%	-3.97%	-4.14%	4.93%
Operating Cash Flow Growth	-9.09%	27.75%	6.61%	41.45%	-24.13%	31.22%	8.66%	-6.01%	24.97%	-13.27%	29.30%
Free Cash Flow Firm Growth	73.83%	53.30%	-324.77%	172.88%	-6.48%	-19.58%	53.99%	-21.76%	-324.10%	67.68%	353.64%
Invested Capital Growth	3.72%	2.33%	49.46%	0.75%	0.04%	-0.51%	0.76%	7.06%	46.92%	18.96%	-1.86%
Revenue Q/Q Growth	-1.31%	3.61%	3.23%	-0.21%	0.74%	-1.25%	1.75%	3.37%	1.38%	0.94%	0.26%
EBITDA Q/Q Growth	-1.04%	15.81%	10.16%	6.80%	14.99%	-9.69%	30.84%	12.85%	8.48%	7.16%	14.85%
EBIT Q/Q Growth	-8.49%	9.53%	3.01%	-1.64%	4.72%	-23.99%	23.02%	6.03%	0.58%	-1.64%	4.69%
NOPAT Q/Q Growth	-9.11%	10.74%	4.62%	0.49%	4.29%	-22.78%	23.42%	4.13%	1.11%	0.01%	5.51%
Net Income Q/Q Growth	-9.61%	10.69%	1.36%	1.85%	4.97%	-25.23%	25.38%	6.38%	-2.69%	-1.19%	6.48%
EPS Q/Q Growth	-8.24%	11.82%	0.99%	1.43%	5.46%	-25.35%	25.45%	6.66%	-2.42%	-1.22%	6.91%
Operating Cash Flow Q/Q Growth	-3.87%	15.63%	-1.37%	5.60%	-3.83%	10.08%	-3.87%	0.58%	-1.57%	-10.73%	17.39%
Free Cash Flow Firm Q/Q Growth	86.25%	48.99%	2.25%	5.92%	15.61%	-3.58%	-6.14%	2.59%	-733.93%	28.96%	398.73%
Invested Capital Q/Q Growth	2.25%	-0.83%	-0.49%	-1.23%	-2.50%	-5.08%	-0.74%	-0.25%	28.79%	19.98%	-0.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.12%	54.92%	55.12%	54.83%	54.33%	53.30%	56.05%	55.07%	54.23%	55.25%	55.16%
EBITDA Margin	22.72%	25.39%	26.45%	26.84%	26.74%	20.99%	29.69%	29.71%	29.83%	29.95%	30.42%
Operating Margin	18.82%	21.47%	22.56%	22.29%	22.02%	16.48%	26.04%	27.12%	25.59%	25.06%	25.49%
EBIT Margin	18.86%	21.51%	22.05%	22.03%	21.71%	15.65%	25.29%	25.85%	25.57%	24.89%	25.03%
Profit (Net Income) Margin	12.50%	15.03%	14.31%	16.74%	15.36%	11.76%	19.23%	19.81%	18.55%	17.37%	17.35%
Tax Burden Percent	70.17%	73.77%	70.38%	84.14%	78.19%	82.77%	79.13%	79.03%	79.22%	79.81%	81.06%
Interest Burden Percent	94.49%	94.71%	92.22%	90.30%	90.49%	90.82%	96.09%	96.96%	91.55%	87.45%	85.53%
Effective Tax Rate	29.83%	26.23%	29.62%	15.86%	21.81%	17.23%	20.87%	20.97%	20.78%	20.19%	18.94%
Return on Invested Capital (ROIC)	13.04%	16.27%	14.77%	15.82%	14.08%	10.81%	18.16%	19.93%	14.99%	11.61%	11.57%
ROIC Less NNEP Spread (ROIC-NNEP)	11.76%	14.81%	12.11%	12.50%	10.60%	6.86%	13.67%	12.42%	10.89%	7.83%	6.94%
Return on Net Nonoperating Assets (RNNOA)	13.94%	19.70%	14.70%	13.14%	8.16%	4.13%	5.03%	3.11%	4.94%	5.29%	4.64%
Return on Equity (ROE)	26.98%	35.97%	29.48%	28.96%	22.24%	14.94%	23.19%	23.04%	19.93%	16.90%	16.21%
Cash Return on Invested Capital (CROIC)	9.38%	13.96%	-24.88%	15.08%	14.04%	11.32%	17.41%	13.11%	-23.01%	-5.71%	13.45%
Operating Return on Assets (OROA)	13.72%	16.28%	15.62%	14.53%	13.73%	9.23%	16.01%	17.60%	14.82%	11.90%	11.73%
Return on Assets (ROA)	9.10%	11.37%	10.14%	11.04%	9.72%	6.94%	12.17%	13.48%	10.75%	8.31%	8.13%
Return on Common Equity (ROCE)	26.98%	35.97%	29.48%	28.96%	22.24%	14.94%	23.19%	23.04%	19.93%	16.90%	16.21%
Return on Equity Simple (ROE_SIMPLE)	31.99%	31.92%	25.60%	26.01%	21.32%	14.19%	21.04%	22.36%	18.76%	15.94%	0.00%
Net Operating Profit after Tax (NOPAT)	223	287	328	423	378	289	487	555	533	538	577
NOPAT Margin	13.20%	15.84%	15.88%	18.75%	17.22%	13.64%	20.61%	21.43%	20.28%	20.00%	20.67%
Net Nonoperating Expense Percent (NNEP)	1.28%	1.46%	2.66%	3.32%	3.48%	3.95%	4.50%	7.51%	4.10%	3.78%	4.63%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	18.24%	12.26%	10.45%	11.43%
Cost of Revenue to Revenue	45.88%	45.08%	44.88%	45.17%	45.67%	46.70%	43.95%	44.93%	45.77%	44.75%	44.84%
SG&A Expenses to Revenue	34.63%	33.45%	32.55%	32.54%	32.31%	32.70%	30.01%	27.96%	28.63%	30.19%	29.21%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.31%	33.45%	32.55%	32.54%	32.31%	36.82%	30.01%	27.96%	28.63%	30.19%	29.66%
Earnings before Interest and Taxes (EBIT)	318	389	456	497	476	332	598	670	672	669	699
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	384	459	547	605	587	445	701	770	784	806	849
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.95	6.24	5.92	4.65	5.45	6.15	6.65	5.49	4.62	4.83	4.27
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	162.02	78.55	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.33	2.94	3.31	2.99	3.93	5.10	6.08	4.86	4.56	5.27	4.65
Price to Earnings (P/E)	18.61	19.53	23.13	17.86	25.55	43.36	31.60	24.54	24.60	30.33	26.81
Dividend Yield	1.38%	1.07%	0.94%	1.08%	0.95%	0.82%	0.68%	0.99%	1.25%	1.14%	1.37%
Earnings Yield	5.37%	5.12%	4.32%	5.60%	3.91%	2.31%	3.16%	4.08%	4.07%	3.30%	3.73%
Enterprise Value to Invested Capital (EV/IC)	2.88	3.50	3.14	2.97	3.62	4.39	5.53	4.58	3.22	3.23	3.01
Enterprise Value to Revenue (EV/Rev)	2.97	3.45	4.04	3.54	4.43	5.52	6.30	5.09	5.18	6.05	5.33
Enterprise Value to EBITDA (EV/EBITDA)	13.06	13.58	15.27	13.17	16.56	26.32	21.23	17.12	17.38	20.20	17.52
Enterprise Value to EBIT (EV/EBIT)	15.73	16.04	18.32	16.05	20.39	35.30	24.92	19.68	20.27	24.31	21.30
Enterprise Value to NOPAT (EV/NOPAT)	22.47	21.78	25.44	18.85	25.72	40.50	30.59	23.74	25.56	30.26	25.80
Enterprise Value to Operating Cash Flow (EV/OCF)	19.12	18.65	23.40	15.80	25.37	23.32	27.27	25.68	21.24	29.26	20.70
Enterprise Value to Free Cash Flow (EV/FCFF)	31.23	25.37	0.00	19.78	25.79	38.67	31.91	36.09	0.00	0.00	22.19
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.71	1.17	1.38	0.92	0.79	0.63	0.38	0.33	0.67	0.76	0.66
Long-Term Debt to Equity	1.67	1.12	1.10	0.89	0.69	0.61	0.37	0.16	0.63	0.72	0.56
Financial Leverage	1.19	1.33	1.21	1.05	0.77	0.60	0.37	0.25	0.45	0.68	0.67
Leverage Ratio	2.97	3.16	2.91	2.62	2.29	2.15	1.91	1.71	1.85	2.03	1.99
Compound Leverage Factor	2.80	3.00	2.68	2.37	2.07	1.96	1.83	1.66	1.70	1.78	1.71
Debt to Total Capital	63.15%	53.94%	58.03%	47.78%	44.23%	38.60%	27.79%	24.61%	40.23%	43.06%	39.71%
Short-Term Debt to Total Capital	1.61%	2.42%	12.04%	1.20%	5.95%	1.33%	1.14%	12.90%	2.66%	2.02%	6.24%
Long-Term Debt to Total Capital	61.54%	51.52%	45.99%	46.58%	38.27%	37.28%	26.64%	11.71%	37.57%	41.04%	33.47%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	36.85%	46.06%	41.97%	52.22%	55.77%	61.40%	72.21%	75.39%	59.77%	56.94%	60.29%
Debt to EBITDA	2.95	2.17	2.92	2.19	2.14	2.48	1.18	0.97	2.23	2.75	2.36
Net Debt to EBITDA	2.82	2.02	2.76	2.04	1.88	2.02	0.76	0.76	2.08	2.61	2.23
Long-Term Debt to EBITDA	2.87	2.07	2.32	2.14	1.85	2.40	1.14	0.46	2.08	2.62	1.99
Debt to NOPAT	5.07	3.48	4.87	3.14	3.32	3.82	1.71	1.35	3.28	4.12	3.47
Net Debt to NOPAT	4.85	3.25	4.59	2.91	2.92	3.10	1.09	1.06	3.06	3.91	3.29
Long-Term Debt to NOPAT	4.94	3.32	3.86	3.06	2.87	3.69	1.64	0.64	3.06	3.93	2.93
Altman Z-Score	3.78	4.63	3.84	4.40	5.02	5.59	7.86	7.64	4.85	4.74	4.76
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.45	2.25	1.37	2.52	2.12	2.81	2.62	1.36	2.11	2.41	1.64
Quick Ratio	1.51	1.50	0.92	1.68	1.43	1.87	1.77	0.84	1.21	1.34	0.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	160	246	-553	403	377	303	467	365	-818	-264	671
Operating Cash Flow to CapEx	426.01%	561.93%	528.12%	564.90%	608.16%	1,011.01%	1,431.38%	1,003.23%	1,859.76%	864.53%	1,245.30%
Free Cash Flow to Firm to Interest Expense	8.86	11.53	-15.10	8.13	7.99	9.42	18.31	16.29	-13.75	-2.97	6.44
Operating Cash Flow to Interest Expense	14.47	15.69	9.75	10.18	8.12	15.62	21.42	22.89	10.78	6.25	6.90
Operating Cash Flow Less CapEx to Interest Expense	11.07	12.90	7.90	8.38	6.79	14.08	19.92	20.61	10.20	5.53	6.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.76	0.71	0.66	0.63	0.59	0.63	0.68	0.58	0.48	0.47
Accounts Receivable Turnover	4.47	4.42	4.43	4.53	4.29	4.23	4.91	5.05	4.66	4.54	4.72
Inventory Turnover	3.55	3.66	3.83	3.85	3.66	3.54	3.44	3.28	2.87	2.58	2.72
Fixed Asset Turnover	7.12	6.92	6.67	6.15	5.59	0.00	0.00	7.31	7.04	5.74	5.26
Accounts Payable Turnover	11.33	11.38	11.51	12.01	11.88	12.69	12.77	12.19	11.70	11.79	11.44
Days Sales Outstanding (DSO)	81.64	82.53	82.43	80.66	85.02	86.27	74.27	72.34	78.33	80.43	77.30
Days Inventory Outstanding (DIO)	102.84	99.82	95.34	94.76	99.78	103.25	106.22	111.44	127.13	141.25	134.37
Days Payable Outstanding (DPO)	32.21	32.08	31.70	30.40	30.73	28.76	28.59	29.95	31.18	30.95	31.90
Cash Conversion Cycle (CCC)	152.27	150.27	146.07	145.02	154.07	160.76	151.90	153.83	174.27	190.73	179.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,741	1,782	2,663	2,683	2,684	2,670	2,690	2,880	4,231	5,033	4,940
Invested Capital Turnover	0.99	1.03	0.93	0.84	0.82	0.79	0.88	0.93	0.74	0.58	0.56
Increase / (Decrease) in Invested Capital	63	41	881	20	0.98	-14	20	190	1,351	802	-94
Enterprise Value (EV)	5,010	6,240	8,349	7,971	9,716	11,718	14,888	13,176	13,623	16,276	14,883
Market Capitalization	3,929	5,310	6,842	6,739	8,613	10,820	14,357	12,590	11,990	14,175	12,987
Book Value per Share	$10.95	$14.89	$20.03	$24.95	$27.50	$30.31	$37.15	$40.10	$45.57	$51.28	$54.17
Tangible Book Value per Share	($11.61)	($9.02)	($17.00)	($11.30)	($8.34)	($6.24)	$1.52	$2.80	($15.06)	($19.05)	($16.78)
Total Capital	1,791	1,849	2,753	2,778	2,835	2,865	2,990	3,043	4,347	5,149	5,048
Total Debt	1,131	997	1,597	1,327	1,254	1,106	831	749	1,749	2,217	2,005
Total Long-Term Debt	1,102	952	1,266	1,294	1,085	1,068	797	357	1,633	2,113	1,690
Net Debt	1,081	930	1,507	1,232	1,102	898	531	586	1,633	2,101	1,896
Capital Expenditures (CapEx)	61	60	68	89	63	50	38	51	34	64	58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	399	391	482	471	551	487	454	528	647	735	691
Debt-free Net Working Capital (DFNWC)	450	459	572	567	702	696	754	691	763	850	800
Net Working Capital (NWC)	421	414	241	534	534	658	719	299	647	747	485
Net Nonoperating Expense (NNE)	12	15	32	45	41	40	32	42	45	71	92
Net Nonoperating Obligations (NNO)	1,081	930	1,507	1,232	1,102	911	531	586	1,633	2,101	1,896
Total Depreciation and Amortization (D&A)	65	70	91	108	110	113	104	100	112	136	151
Debt-free, Cash-free Net Working Capital to Revenue	23.65%	21.64%	23.30%	20.91%	25.12%	22.97%	19.20%	20.38%	24.62%	27.31%	24.76%
Debt-free Net Working Capital to Revenue	26.63%	25.36%	27.67%	25.15%	32.01%	32.79%	31.90%	26.69%	29.02%	31.62%	28.64%
Net Working Capital to Revenue	24.92%	22.89%	11.64%	23.68%	24.32%	31.00%	30.46%	11.53%	24.62%	27.75%	17.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.48	$4.76	$5.14	$6.51	$5.87	$4.32	$7.82	$8.90	$8.54	$8.17	$8.56
Adjusted Weighted Average Basic Shares Outstanding	60.65M	57.06M	57.53M	57.97M	57.46M	57.76M	58.09M	57.63M	57.09M	57.18M	56.61M
Adjusted Diluted Earnings per Share	$3.45	$4.73	$5.08	$6.40	$5.79	$4.27	$7.74	$8.81	$8.46	$8.11	$8.51
Adjusted Weighted Average Diluted Shares Outstanding	61.15M	57.53M	58.20M	58.93M	58.20M	58.47M	58.73M	58.25M	57.63M	57.62M	56.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	57.09M	57.35M	57.75M	57.93M	57.71M	58.09M	58.18M	57.16M	57.02M	57.02M	55.82M
Normalized Net Operating Profit after Tax (NOPAT)	231	287	328	423	378	362	487	555	533	538	587
Normalized NOPAT Margin	13.68%	15.84%	15.88%	18.75%	17.22%	17.05%	20.61%	21.43%	20.28%	20.00%	21.03%
Pre Tax Income Margin	17.82%	20.37%	20.33%	19.89%	19.65%	14.21%	24.31%	25.07%	23.41%	21.77%	21.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.59	18.25	12.45	10.02	10.11	10.32	23.44	29.88	11.30	7.53	6.71
NOPAT to Interest Expense	12.31	13.44	8.97	8.53	8.01	9.00	19.10	24.76	8.96	6.05	5.54
EBIT Less CapEx to Interest Expense	14.19	15.46	10.61	8.22	8.77	8.78	21.94	27.60	10.72	6.81	6.15
NOPAT Less CapEx to Interest Expense	8.92	10.65	7.12	6.73	6.68	7.45	17.60	22.48	8.38	5.33	4.98
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	25.98%	20.76%	21.58%	19.20%	24.37%	35.40%	21.50%	24.54%	30.84%	34.55%	36.96%
Augmented Payout Ratio	207.81%	33.05%	22.67%	25.56%	60.12%	56.49%	34.92%	75.77%	49.24%	41.68%	100.20%

This table displays calculated financial ratios and metrics derived from Nordson's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.03%	5.23%	3.72%	0.07%	1.99%	3.50%	-2.81%	4.96%	12.08%	0.99%	8.78%
EBITDA Growth	-4.71%	0.99%	15.04%	1.18%	-0.02%	-14.64%	-6.82%	0.91%	11.01%	22.65%	24.69%
EBIT Growth	-6.53%	2.12%	12.82%	-1.91%	-3.65%	-5.98%	-10.45%	-1.81%	10.53%	17.86%	31.42%
NOPAT Growth	-7.11%	4.20%	9.80%	-1.92%	-2.80%	0.24%	-9.36%	2.36%	13.16%	20.35%	18.18%
Net Income Growth	-9.82%	-9.54%	5.09%	-7.33%	-8.26%	-4.39%	-13.62%	-4.92%	7.21%	24.12%	40.92%
EPS Growth	-9.39%	-8.64%	4.97%	-7.24%	-8.11%	-4.50%	-13.16%	-3.90%	8.82%	25.94%	44.24%
Operating Cash Flow Growth	51.90%	-5.90%	39.74%	-25.50%	-13.31%	-40.95%	-7.68%	-2.80%	44.36%	110.53%	-11.75%
Free Cash Flow Firm Growth	-725.80%	-2,374.32%	-114.41%	-135.13%	-196.02%	45.62%	21.41%	4.94%	20.03%	141.44%	113.60%
Invested Capital Growth	13.79%	46.92%	26.62%	26.47%	27.70%	18.96%	16.88%	20.13%	18.38%	-1.86%	1.08%
Revenue Q/Q Growth	-0.23%	10.89%	-11.97%	2.76%	1.68%	12.53%	-17.34%	10.97%	8.58%	1.39%	-10.95%
EBITDA Q/Q Growth	1.23%	-21.23%	21.89%	4.11%	0.02%	-32.74%	33.05%	12.74%	10.03%	-25.69%	35.26%
EBIT Q/Q Growth	1.42%	7.47%	-14.69%	5.49%	-0.37%	4.87%	-18.75%	15.66%	12.16%	11.82%	-9.40%
NOPAT Q/Q Growth	-0.88%	9.11%	-14.46%	6.02%	-1.77%	12.53%	-22.65%	19.73%	8.59%	19.68%	-24.04%
Net Income Q/Q Growth	0.26%	-0.09%	-14.25%	7.89%	-0.75%	4.13%	-22.52%	18.76%	11.90%	20.55%	-12.04%
EPS Q/Q Growth	0.45%	0.00%	-14.41%	7.89%	-0.49%	3.92%	-22.17%	19.39%	12.69%	20.27%	-10.86%
Operating Cash Flow Q/Q Growth	15.56%	-14.18%	5.60%	-28.86%	34.45%	-41.53%	65.10%	-25.11%	99.69%	-14.73%	-30.79%
Free Cash Flow Firm Q/Q Growth	17.23%	-357.54%	36.60%	2.07%	-4.20%	15.94%	8.38%	-18.45%	12.34%	143.56%	-69.93%
Invested Capital Q/Q Growth	-1.28%	28.79%	-0.03%	-0.50%	-0.32%	19.98%	-1.78%	2.27%	-1.77%	-0.54%	1.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.55%	53.40%	55.03%	56.23%	55.77%	54.11%	54.58%	54.75%	54.82%	56.33%	54.69%
EBITDA Margin	30.93%	21.97%	30.42%	30.82%	30.32%	18.12%	29.17%	29.63%	30.03%	22.01%	33.43%
Operating Margin	26.36%	25.72%	25.18%	25.92%	25.25%	24.03%	22.90%	24.71%	25.32%	28.50%	24.86%
EBIT Margin	26.75%	25.93%	25.13%	25.79%	25.27%	23.55%	23.15%	24.13%	24.93%	27.49%	27.97%
Profit (Net Income) Margin	19.72%	17.76%	17.30%	18.17%	17.73%	16.41%	15.38%	16.46%	16.96%	20.17%	19.92%
Tax Burden Percent	78.92%	79.57%	79.00%	79.19%	78.51%	82.51%	81.00%	81.00%	79.05%	82.91%	81.08%
Interest Burden Percent	93.38%	86.10%	87.18%	88.94%	89.37%	84.44%	82.02%	84.21%	86.10%	88.50%	87.85%
Effective Tax Rate	21.08%	20.43%	21.00%	20.81%	21.49%	17.49%	19.00%	19.00%	20.95%	17.09%	18.92%
Return on Invested Capital (ROIC)	17.48%	15.13%	13.93%	14.44%	14.12%	11.51%	10.81%	11.68%	12.17%	13.23%	11.54%
ROIC Less NNEP Spread (ROIC-NNEP)	16.47%	13.38%	12.57%	13.08%	12.77%	10.15%	9.71%	10.30%	10.81%	11.93%	11.46%
Return on Net Nonoperating Assets (RNNOA)	4.80%	6.07%	5.83%	5.57%	4.81%	6.85%	6.20%	6.30%	6.16%	7.98%	7.56%
Return on Equity (ROE)	22.28%	21.20%	19.77%	20.02%	18.94%	18.37%	17.01%	17.99%	18.33%	21.21%	19.10%
Cash Return on Invested Capital (CROIC)	4.18%	-23.01%	-9.11%	-9.01%	-9.95%	-5.71%	-4.10%	-6.86%	-4.90%	13.45%	10.95%
Operating Return on Assets (OROA)	17.30%	15.03%	14.05%	14.61%	14.33%	11.26%	11.13%	11.62%	12.38%	12.88%	13.45%
Return on Assets (ROA)	12.75%	10.29%	9.67%	10.29%	10.05%	7.85%	7.39%	7.92%	8.42%	9.45%	9.58%
Return on Common Equity (ROCE)	22.28%	21.20%	19.77%	20.02%	18.94%	18.37%	17.01%	17.99%	18.33%	21.21%	19.10%
Return on Equity Simple (ROE_SIMPLE)	19.42%	0.00%	18.09%	17.34%	16.57%	0.00%	15.73%	15.08%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	135	147	126	134	131	148	114	137	148	178	135
NOPAT Margin	20.80%	20.47%	19.89%	20.52%	19.83%	19.83%	18.55%	20.01%	20.02%	23.63%	20.15%
Net Nonoperating Expense Percent (NNEP)	1.01%	1.75%	1.37%	1.36%	1.35%	1.36%	1.09%	1.38%	1.36%	1.30%	0.08%
Return On Investment Capital (ROIC_SIMPLE)	-	3.39%	2.88%	-	-	2.87%	2.25%	2.64%	2.91%	3.52%	2.64%
Cost of Revenue to Revenue	44.45%	46.60%	44.97%	43.77%	44.23%	45.89%	45.42%	45.25%	45.18%	43.67%	45.31%
SG&A Expenses to Revenue	29.19%	27.67%	29.85%	30.32%	30.52%	30.08%	31.68%	30.04%	27.85%	27.78%	29.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.19%	27.67%	29.85%	30.32%	30.52%	30.08%	31.68%	30.04%	29.50%	27.83%	29.83%
Earnings before Interest and Taxes (EBIT)	174	187	159	168	167	175	142	165	185	207	187
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	201	158	193	201	201	135	180	202	223	165	224
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.50	4.62	5.21	5.28	5.02	4.83	4.36	3.64	4.06	4.27	4.92
Price to Tangible Book Value (P/TBV)	119.72	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.47	4.56	5.35	5.55	5.38	5.27	4.70	3.99	4.35	4.65	5.39
Price to Earnings (P/E)	28.32	24.60	28.78	30.47	30.32	30.33	27.76	24.16	26.60	26.81	29.29
Dividend Yield	1.04%	1.25%	1.07%	1.04%	1.09%	1.14%	1.33%	1.59%	1.46%	1.37%	1.45%
Earnings Yield	3.53%	4.07%	3.47%	3.28%	3.30%	3.30%	3.60%	4.14%	3.76%	3.73%	3.41%
Enterprise Value to Invested Capital (EV/IC)	4.53	3.22	3.71	3.84	3.74	3.23	2.96	2.55	2.83	3.01	3.44
Enterprise Value to Revenue (EV/Rev)	5.74	5.18	5.92	6.09	5.88	6.05	5.47	4.76	5.06	5.33	6.05
Enterprise Value to EBITDA (EV/EBITDA)	20.60	17.38	20.93	21.48	20.85	20.20	20.44	17.96	19.04	17.52	21.13
Enterprise Value to EBIT (EV/EBIT)	22.28	20.27	22.73	23.51	23.03	24.31	22.40	19.83	21.09	21.30	23.15
Enterprise Value to NOPAT (EV/NOPAT)	28.25	25.56	28.83	29.82	29.15	30.26	27.80	24.34	25.75	25.80	28.79
Enterprise Value to Operating Cash Flow (EV/OCF)	22.86	21.24	22.73	24.91	25.16	29.26	26.93	23.88	22.98	20.70	24.57
Enterprise Value to Free Cash Flow (EV/FCFF)	115.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	22.19	31.62
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.67	0.60	0.55	0.53	0.76	0.76	0.75	0.71	0.66	0.64
Long-Term Debt to Equity	0.29	0.63	0.56	0.51	0.49	0.72	0.73	0.72	0.60	0.56	0.63
Financial Leverage	0.29	0.45	0.46	0.43	0.38	0.68	0.64	0.61	0.57	0.67	0.66
Leverage Ratio	1.68	1.85	1.83	1.77	1.73	2.03	1.99	1.95	1.92	1.99	1.98
Compound Leverage Factor	1.57	1.60	1.60	1.58	1.55	1.72	1.63	1.65	1.65	1.77	1.74
Debt to Total Capital	24.75%	40.23%	37.61%	35.67%	34.56%	43.06%	43.31%	42.92%	41.58%	39.71%	39.19%
Short-Term Debt to Total Capital	3.23%	2.66%	2.67%	2.75%	2.21%	2.02%	1.99%	1.83%	6.59%	6.24%	1.06%
Long-Term Debt to Total Capital	21.52%	37.57%	34.94%	32.92%	32.35%	41.04%	41.32%	41.09%	34.99%	33.47%	38.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	75.25%	59.77%	62.39%	64.33%	65.44%	56.94%	56.69%	57.08%	58.43%	60.29%	60.81%
Debt to EBITDA	1.17	2.23	2.19	2.06	2.00	2.75	3.07	3.10	2.87	2.36	2.46
Net Debt to EBITDA	0.98	2.08	2.01	1.89	1.78	2.61	2.89	2.92	2.67	2.23	2.32
Long-Term Debt to EBITDA	1.02	2.08	2.04	1.90	1.88	2.62	2.93	2.97	2.42	1.99	2.40
Debt to NOPAT	1.61	3.28	3.02	2.85	2.80	4.12	4.18	4.21	3.88	3.47	3.36
Net Debt to NOPAT	1.34	3.06	2.77	2.62	2.49	3.91	3.93	3.96	3.61	3.29	3.15
Long-Term Debt to NOPAT	1.40	3.06	2.80	2.63	2.62	3.93	3.99	4.03	3.27	2.93	3.26
Altman Z-Score	7.50	4.54	5.21	5.60	5.57	4.47	4.24	3.80	4.12	4.48	5.07
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.23	2.11	2.19	2.21	2.36	2.41	2.53	2.56	1.69	1.64	2.72
Quick Ratio	1.28	1.21	1.22	1.22	1.36	1.34	1.37	1.46	0.94	0.92	1.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-263	-1,204	-763	-748	-779	-655	-600	-711	-623	271	82
Operating Cash Flow to CapEx	2,150.48%	1,580.11%	2,295.63%	853.28%	754.59%	467.60%	754.10%	742.96%	2,059.29%	2,241.12%	855.75%
Free Cash Flow to Firm to Interest Expense	-21.77	-44.63	-35.60	-37.17	-41.42	-22.92	-22.59	-26.74	-23.72	10.96	3.53
Operating Cash Flow to Interest Expense	15.73	6.05	8.04	6.10	8.77	3.37	5.99	4.48	9.06	8.19	6.07
Operating Cash Flow Less CapEx to Interest Expense	15.00	5.67	7.69	5.38	7.61	2.65	5.20	3.88	8.62	7.83	5.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.58	0.56	0.57	0.57	0.48	0.48	0.48	0.50	0.47	0.48
Accounts Receivable Turnover	4.87	4.66	4.89	5.01	4.97	4.54	5.00	4.69	4.94	4.72	5.16
Inventory Turnover	2.83	2.87	2.68	2.70	2.73	2.58	2.60	2.67	2.82	2.72	2.76
Fixed Asset Turnover	7.30	7.04	7.01	7.07	7.09	5.74	5.73	5.74	6.01	5.26	5.37
Accounts Payable Turnover	11.57	11.70	12.45	12.65	11.77	11.79	12.50	10.96	11.11	11.44	12.37
Days Sales Outstanding (DSO)	74.93	78.33	74.64	72.82	73.44	80.43	73.01	77.90	73.90	77.30	70.73
Days Inventory Outstanding (DIO)	128.89	127.13	135.99	135.18	133.81	141.25	140.61	136.91	129.45	134.37	132.09
Days Payable Outstanding (DPO)	31.55	31.18	29.31	28.85	31.00	30.95	29.19	33.30	32.86	31.90	29.51
Cash Conversion Cycle (CCC)	172.27	174.27	181.32	179.15	176.25	190.73	184.43	181.51	170.49	179.77	173.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,285	4,231	4,230	4,209	4,195	5,033	4,944	5,056	4,967	4,940	4,997
Invested Capital Turnover	0.84	0.74	0.70	0.70	0.71	0.58	0.58	0.58	0.61	0.56	0.57
Increase / (Decrease) in Invested Capital	398	1,351	889	881	910	802	714	847	771	-94	53
Enterprise Value (EV)	14,892	13,623	15,689	16,150	15,678	16,276	14,624	12,885	14,079	14,883	17,211
Market Capitalization	14,187	11,990	14,183	14,730	14,336	14,175	12,556	10,789	12,105	12,987	15,325
Book Value per Share	$45.27	$45.57	$47.74	$48.75	$49.83	$51.28	$50.45	$52.02	$52.77	$54.17	$55.75
Tangible Book Value per Share	$2.08	($15.06)	($13.10)	($11.14)	($9.79)	($19.05)	($18.77)	($18.73)	($18.10)	($16.78)	($15.97)
Total Capital	3,428	4,347	4,366	4,334	4,361	5,149	5,075	5,186	5,104	5,048	5,118
Total Debt	849	1,749	1,642	1,546	1,507	2,217	2,198	2,226	2,122	2,005	2,006
Total Long-Term Debt	738	1,633	1,526	1,427	1,411	2,113	2,097	2,131	1,786	1,690	1,951
Net Debt	705	1,633	1,506	1,421	1,342	2,101	2,067	2,096	1,974	1,896	1,885
Capital Expenditures (CapEx)	8.84	10	7.51	14	22	21	21	16	12	9.05	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	616	647	637	643	637	735	713	772	732	691	726
Debt-free Net Working Capital (DFNWC)	759	763	773	769	802	850	843	902	880	800	846
Net Working Capital (NWC)	648	647	656	650	706	747	742	807	544	485	792
Net Nonoperating Expense (NNE)	7.06	19	16	15	14	25	20	24	23	26	1.54
Net Nonoperating Obligations (NNO)	705	1,633	1,506	1,421	1,342	2,101	2,067	2,096	1,985	1,896	1,885
Total Depreciation and Amortization (D&A)	27	-28	34	33	33	-40	37	38	38	-41	37
Debt-free, Cash-free Net Working Capital to Revenue	23.75%	24.62%	24.02%	24.26%	23.90%	27.31%	26.67%	28.53%	26.29%	24.76%	25.50%
Debt-free Net Working Capital to Revenue	29.27%	29.02%	29.16%	29.00%	30.10%	31.62%	31.55%	33.34%	31.60%	28.64%	29.73%
Net Working Capital to Revenue	25.00%	24.62%	24.76%	24.50%	26.49%	27.75%	27.77%	29.84%	19.53%	17.36%	27.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.24	$2.25	$1.92	$2.07	$2.05	$2.13	$1.66	$1.98	$2.23	$2.69	$2.39
Adjusted Weighted Average Basic Shares Outstanding	56.99M	57.09M	57.06M	57.22M	57.23M	57.18M	57.13M	56.79M	56.44M	56.61M	55.79M
Adjusted Diluted Earnings per Share	$2.22	$2.22	$1.90	$2.05	$2.04	$2.12	$1.65	$1.97	$2.22	$2.67	$2.38
Adjusted Weighted Average Diluted Shares Outstanding	57.53M	57.63M	57.56M	57.68M	57.62M	57.62M	57.49M	57.04M	56.73M	56.92M	56.13M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	57.01M	57.02M	57.19M	57.27M	57.18M	57.02M	56.91M	56.51M	56.19M	55.82M	55.78M
Normalized Net Operating Profit after Tax (NOPAT)	135	147	126	134	131	148	114	137	148	178	135
Normalized NOPAT Margin	20.80%	20.47%	19.89%	20.52%	19.83%	19.83%	18.55%	20.01%	20.02%	23.63%	20.15%
Pre Tax Income Margin	24.98%	22.32%	21.90%	22.94%	22.59%	19.89%	18.99%	20.32%	21.46%	24.33%	24.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.36	6.91	7.42	8.35	8.89	6.14	5.36	6.20	7.04	8.34	8.09
NOPAT to Interest Expense	11.16	5.46	5.87	6.64	6.98	5.17	4.30	5.14	5.65	7.17	5.83
EBIT Less CapEx to Interest Expense	13.62	6.53	7.07	7.63	7.73	5.42	4.57	5.60	6.60	7.98	7.39
NOPAT Less CapEx to Interest Expense	10.43	5.08	5.52	5.93	5.81	4.44	3.50	4.54	5.21	6.81	5.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.70%	30.84%	30.85%	31.79%	32.90%	34.55%	36.96%	38.65%	39.04%	36.96%	34.45%
Augmented Payout Ratio	51.11%	49.24%	49.15%	40.74%	42.56%	41.68%	55.98%	77.09%	86.83%	100.20%	97.96%

Financials Breakdown Chart

Key Financial Trends

Nordson (NASDAQ: NDSN) has demonstrated solid cash generation and stable profitability across the last four years, with quarterly results showing some seasonality. The following points highlight the most important trends observed in the provided quarterly statements (cash flow, income statement, and balance sheet) through Q1 2026.

Robust operating cash flow remains a core strength. Net cash from continuing operating activities has been positive in every quarter over the period, commonly ranging in the low hundreds of millions (e.g., roughly $119M–$238M per quarter). In Q1 2026, net cash from continuing operating activities was around $140M.
Gross margin stays in a stable, healthy band. Total gross profit divided by revenue consistently sits in the mid-50s percent (approximately 54%–57%), indicating durable pricing power and cost discipline across four years.
Dividend per share has been rising, signaling ongoing capital return. Cash dividends per share have increased to $0.82 in Q1 2026 from about $0.68–$0.78 in prior periods, supporting income-focused investors.
Revenue scale remains solid, with seasonality evident but overall growth qualified. Revenue typically sits in the 600–750 million range per quarter, with Q4 2025 peaking near $751.8M, reflecting strong demand and scale.
Seasonality creates quarterly volatility but a reasonable annual trend. The company tends to see stronger results in certain quarters (e.g., Q4) relative to others (e.g., Q1), which can cause quarterly swings in earnings and cash flow.
Net income shows multi-year improvement with some quarterly volatility. On an annual basis, earnings trended higher through 2023–2025, but quarterly figures can swing, as seen when Q1 2026 earnings dipped vs. Q4 2025.
Financing activity reflects strategic capital allocation. Cash flows from financing activities include debt issuance/repayment and stock buybacks, shaping quarterly financing cash flow patterns without a consistent positive/negative bias.
Balance sheet shows solid liquidity, but leverage remains sizable. Cash & equivalents are typically in the low hundreds of millions, current assets exceed near-term liabilities, and long-term debt remains substantial (roughly $1.9–$2.1B in various periods), implying a meaningful but manageable leverage profile.
Near-term earnings softness in some latest quarters. For example, Q1 2026 net income declined from Q4 2025 levels, pointing to short-term profitability variability.
Financing outflows focused on debt activity and share repurchases. Net cash from financing activities has been negative in several periods due to debt repayments and stock buybacks, which can pressure near-term liquidity if operating cash flow weakens.

05/14/26 08:56 AM ETAI Generated. May Contain Errors.

Nordson Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Nordson's financial year ends in October. Their financial year 2025 ended on October 31, 2025.

Nordson's net income appears to be on an upward trend, with a most recent value of $484.47 million in 2025, rising from $211.11 million in 2015. The previous period was $467.28 million in 2024. View Nordson's forecast to see where analysts expect Nordson to go next.

Nordson's total operating income in 2025 was $711.73 million, based on the following breakdown:

Total Gross Profit: $1.54 billion
Total Operating Expenses: $828.06 million

Over the last 10 years, Nordson's total revenue changed from $1.69 billion in 2015 to $2.79 billion in 2025, a change of 65.3%.

Nordson's total liabilities were at $2.87 billion at the end of 2025, a 6.3% decrease from 2024, and a 69.0% increase since 2015.

In the past 10 years, Nordson's cash and equivalents has ranged from $50.27 million in 2015 to $299.97 million in 2021, and is currently $108.44 million as of their latest financial filing in 2025.

Over the last 10 years, Nordson's book value per share changed from 10.95 in 2015 to 54.17 in 2025, a change of 394.6%.

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Financial statements for NASDAQ:NDSN last updated on 2/21/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Nordson (NDSN) Financials

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Nordson Financials - Frequently Asked Questions

When does Nordson's fiscal year end?

How has Nordson's net income changed over the last 10 years?

What is Nordson's operating income?

How has Nordson's revenue changed over the last 10 years?

How much debt does Nordson have?

How much cash does Nordson have?

How has Nordson's book value per share changed over the last 10 years?

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