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Donaldson (DCI) Financials

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$84.56 -1.39 (-1.62%)
As of 03:58 PM Eastern
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Annual Income Statements for Donaldson

Annual Income Statements for Donaldson

This table shows Donaldson'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 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 208 191 233 180 267 257 287 333 359 414 367
Consolidated Net Income / (Loss)		 208 191 233 180 267 257 287 333 359 414 367
Net Income / (Loss) Continuing Operations		 208 191 233 180 267 257 287 333 359 414 367
Total Pre-Tax Income 		289 257 322 364 375 335 381 438 469 535 492
Total Operating Income		 288 274 324 377 388 340 385 444 480 544 495
Total Gross Profit		 809 755 821 936 948 872 972 1,067 1,161 1,274 1,286
Total Revenue		 2,371 2,220 2,372 2,734 2,845 2,582 2,854 3,307 3,431 3,586 3,691
Operating Revenue		 2,371 2,220 2,372 2,734 2,845 2,582 2,854 3,307 3,431 3,586 3,691
Total Cost of Revenue		 1,563 1,466 1,551 1,798 1,897 1,710 1,882 2,239 2,270 2,312 2,405
Operating Cost of Revenue		 1,563 1,466 1,551 1,798 1,897 1,710 1,882 2,239 2,270 2,312 2,405
Total Operating Expenses		 520 481 497 559 560 532 587 624 680 730 791
Selling, General & Admin Expense		 460 425 443 499 498 470 519 555 602 637 641
Research & Development Expense		 60 56 55 60 62 61 68 69 78 94 88
Impairment Charge		 - - - - - - - - 0.00 0.00 62
Total Other Income / (Expense), net		 0.30 -17 -1.60 -13 -13 -4.90 -3.70 -5.10 -12 -8.80 -3.20
Interest Expense		 15 21 20 21 20 17 13 15 19 21 24
Other Income / (Expense), net		 16 3.90 18 7.90 6.90 13 9.30 9.80 7.70 13 21
Income Tax Expense		 81 67 89 183 108 78 94 106 110 121 125
Basic Earnings per Share		 $1.51 $1.43 $1.76 $1.38 $2.08 $2.03 $2.27 $2.69 $2.95 $3.43 $3.09
Weighted Average Basic Shares Outstanding		 137.80M 133.80M 132.60M 130.30M 128.30M 126.90M 126.40M 123.70M 121.80M 120.70M 118.70M
Diluted Earnings per Share		 $1.49 $1.42 $1.74 $1.36 $2.05 $2.00 $2.24 $2.66 $2.90 $3.38 $3.05
Weighted Average Diluted Shares Outstanding		 139.40M 134.80M 134.10M 132.20M 130.30M 128.30M 128.20M 125.20M 123.60M 122.60M 120.40M
Weighted Average Basic & Diluted Shares Outstanding		 137.80M 133.40M 132.30M 130.70M 126.16M 126.42M 124.01M 122.50M 121.24M 119.73M 115.91M
Cash Dividends to Common per Share		 $0.67 $0.69 $0.71 $0.73 $0.78 $0.84 $0.85 - - $1.02 $1.11

Quarterly Income Statements for Donaldson

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 4/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 92 99 114 110 99 96 58 114 114 93 118
Consolidated Net Income / (Loss)		 92 99 114 110 99 96 58 114 114 93 118
Net Income / (Loss) Continuing Operations		 92 99 114 110 99 96 58 114 114 93 118
Total Pre-Tax Income 		123 129 144 139 131 125 87 150 148 117 155
Total Operating Income		 125 130 144 146 131 126 87 152 149 119 155
Total Gross Profit		 301 309 330 335 320 306 322 339 329 300 333
Total Revenue		 846 877 928 935 900 870 940 981 935 896 995
Operating Revenue		 846 877 928 935 900 870 940 981 935 896 995
Total Cost of Revenue		 545 568 598 601 581 564 618 642 607 597 662
Operating Cost of Revenue		 545 568 598 601 581 564 618 642 607 597 662
Total Operating Expenses		 176 179 187 189 189 180 235 187 180 181 178
Selling, General & Admin Expense		 155 157 162 163 166 159 152 165 170 163 159
Research & Development Expense		 21 22 25 25 23 21 21 23 19 19 19
Impairment Charge		 - - - - - - 62 - - - 0.00
Other Special Charges / (Income)		 - - - - 0.00 0.00 -1.20 - -9.30 0.00 0.00
Total Other Income / (Expense), net		 -1.70 -0.70 0.40 -6.80 -0.30 -0.50 -0.40 -2.00 -1.80 -2.10 -0.50
Interest Expense		 5.50 5.60 5.00 5.30 5.50 5.90 5.70 7.10 7.10 7.70 6.50
Other Income / (Expense), net		 3.80 4.90 5.40 -1.50 5.20 5.40 5.30 5.10 5.30 5.60 6.00
Income Tax Expense		 31 30 31 30 32 29 29 35 34 24 37
Basic Earnings per Share		 $0.76 $0.82 $0.94 $0.91 $0.83 $0.80 $0.49 $0.97 $0.98 $0.80 $1.02
Weighted Average Basic Shares Outstanding		 120.90M 120.50M 120.80M 120.70M 119.90M 119.60M 118.80M 118.70M 115.90M 115.60M 115.90M
Diluted Earnings per Share		 $0.75 $0.81 $0.92 $0.90 $0.81 $0.79 $0.48 $0.97 $0.97 $0.78 $1.00
Weighted Average Diluted Shares Outstanding		 122.60M 122.10M 122.90M 122.60M 121.90M 121.40M 120.30M 120.40M 117.80M 117.90M 118.10M
Weighted Average Basic & Diluted Shares Outstanding		 120.14M 120.37M 120.41M 119.73M 119.42M 119.52M 116.52M 115.91M 115.34M 115.81M 115.91M
Cash Dividends to Common per Share		 $0.25 $0.25 $0.25 - $0.27 $0.27 $0.27 - $0.30 $0.30 $0.30

Annual Cash Flow Statements for Donaldson

This table details how cash moves in and out of Donaldson'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 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
Net Change in Cash & Equivalents		 -107 53 65 -104 -27 59 -14 -30 -6.20 46 -52
Net Cash From Operating Activities		 213 291 318 263 346 387 402 253 545 493 419
Net Cash From Continuing Operating Activities		 213 291 318 263 346 387 402 253 545 493 419
Net Income / (Loss) Continuing Operations		 208 191 233 180 267 257 287 333 359 414 367
Consolidated Net Income / (Loss)		 208 191 233 180 267 257 287 333 359 414 367
Depreciation Expense		 74 75 75 77 81 88 95 94 92 98 100
Non-Cash Adjustments To Reconcile Net Income		 28 19 14 -14 6.20 36 32 31 27 21 77
Changes in Operating Assets and Liabilities, net		 -98 6.90 -3.90 20 -8.70 6.00 -12 -205 67 -41 -124
Net Cash From Investing Activities		 -112 -56 -96 -95 -246 -129 -58 -154 -327 -87 -150
Net Cash From Continuing Investing Activities		 -112 -56 -96 -95 -246 -129 -58 -154 -327 -87 -150
Purchase of Property, Plant & Equipment		 -94 -73 -66 -98 -151 -124 -59 -86 -119 -86 -79
Acquisitions		 - -13 -32 - -96 -6.50 0.00 -69 -209 -2.00 -74
Sale of Property, Plant & Equipment		 0.20 2.20 2.40 1.60 0.30 2.00 0.70 0.40 0.40 0.70 2.10
Net Cash From Financing Activities		 -179 -180 -165 -269 -123 -200 -363 -114 -222 -356 -322
Net Cash From Continuing Financing Activities		 -179 -180 -165 -269 -123 -200 -363 -114 -222 -356 -322
Repayment of Debt		 -4.20 -25 -82 -272 -70 -280 -125 -134 -189 -235 -264
Repurchase of Common Equity		 -256 -84 -140 -122 -129 -94 -142 -171 -142 -163 -332
Payment of Dividends		 -91 -91 -92 -95 -101 -106 -122 -110 -114 -123 -132
Issuance of Debt		 153 9.60 129 204 155 262 7.90 289 189 120 388
Other Financing Activities, net		 20 11 20 17 22 19 18 11 34 44 17
Effect of Exchange Rate Changes		 -29 -2.20 8.30 -2.40 - 0.20 5.90 -14 -1.20 -4.10 1.00
Cash Interest Paid		 15 20 20 22 19 17 11 12 21 23 22
Cash Income Taxes Paid		 86 68 88 83 99 91 106 102 141 148 176

Quarterly Cash Flow Statements for Donaldson

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 4/30/2026
Net Change in Cash & Equivalents		 31 -24 30 9.00 -12 -32 -11 1.90 30 -16 9.70
Net Cash From Operating Activities		 138 87 142 126 73 90 88 168 125 33 135
Net Cash From Continuing Operating Activities		 138 87 142 126 73 90 88 168 125 33 135
Net Income / (Loss) Continuing Operations		 92 99 114 110 99 96 58 114 114 93 118
Consolidated Net Income / (Loss)		 92 99 114 110 99 96 58 114 114 93 118
Depreciation Expense		 24 25 25 25 26 25 25 24 24 25 24
Non-Cash Adjustments To Reconcile Net Income		 10 5.60 4.40 0.70 9.80 7.20 55 5.00 -1.40 8.90 6.90
Changes in Operating Assets and Liabilities, net		 11 -42 -1.00 -9.30 -61 -38 -49 24 -11 -93 -14
Net Cash From Investing Activities		 -23 -21 -23 -19 -96 -19 -15 -21 -3.40 -15 -24
Net Cash From Continuing Investing Activities		 -23 -21 -23 -19 -96 -19 -15 -21 -3.40 -15 -24
Purchase of Property, Plant & Equipment		 -23 -21 -21 -20 -25 -19 -15 -20 -14 -15 -23
Sale of Property, Plant & Equipment		 - - - - 0.10 - - - 11 - -0.50
Net Cash From Financing Activities		 -79 -93 -86 -98 9.80 -98 -87 -146 -93 -38 -101
Net Cash From Continuing Financing Activities		 -79 -93 -86 -98 9.80 -98 -87 -146 -93 -38 -101
Repayment of Debt		 -32 -40 -141 -16 50 -9.30 -1.60 -253 -29 -2.60 -70
Payment of Dividends		 -30 -30 -30 -33 -32 -32 -32 -35 -35 -35 -35
Issuance of Debt		 35 - 85 -5.70 55 -50 135 198 40 - -1.10
Other Financing Activities, net		 1.90 11 27 4.60 12 0.50 2.60 2.80 22 19 4.70
Effect of Exchange Rate Changes		 -5.20 3.10 -2.50 0.50 1.80 - 3.30 1.00 1.40 4.10 -1.10
Cash Interest Paid		 6.60 4.70 6.50 5.60 5.20 5.90 3.60 7.50 6.40 5.30 7.40
Cash Income Taxes Paid		 22 63 30 33 20 63 51 41 26 74 34

Annual Balance Sheets for Donaldson

This table presents Donaldson'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 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
Total Assets		 1,810 1,787 1,980 1,977 2,143 2,245 2,400 2,600 2,771 2,914 2,977
Total Current Assets		 1,031 1,010 1,151 1,126 1,123 1,097 1,244 1,407 1,286 1,438 1,462
Cash & Equivalents		 190 243 308 205 178 237 223 193 187 233 180
Accounts Receivable		 460 452 498 535 530 455 553 617 600 630 662
Inventories, net		 265 234 294 334 333 323 385 502 418 477 514
Prepaid Expenses		 60 51 51 52 83 82 84 94 81 99 106
Plant, Property, & Equipment, net		 471 470 485 509 589 632 618 594 653 646 645
Total Noncurrent Assets		 308 308 344 342 431 516 538 599 832 831 871
Goodwill		 224 229 238 238 303 317 323 346 481 478 494
Intangible Assets		 38 39 41 36 71 67 62 100 188 172 97
Other Noncurrent Operating Assets		 47 32 35 48 43 132 154 154 162 180 280
Total Liabilities & Shareholders' Equity		 1,810 1,787 1,980 1,977 2,143 2,245 2,400 2,600 2,771 2,914 2,977
Total Liabilities		 1,031 1,016 1,125 1,119 1,240 1,241 1,263 1,467 1,450 1,425 1,524
Total Current Liabilities		 561 544 484 469 483 407 607 630 756 783 757
Short-Term Debt		 189 217 74 44 52 9.50 49 3.70 159 53 38
Accounts Payable		 179 143 194 201 343 188 294 339 305 379 369
Current Deferred & Payable Income Tax Liabilities		 - - - - - - 18 32 32 43 44
Current Employee Benefit Liabilities		 67 61 100 104 88 71 127 114 119 141 144
Other Current Liabilities		 83 85 85 87 0.00 112 92 91 85 166 163
Total Noncurrent Liabilities		 470 472 641 649 757 834 657 838 693 643 767
Long-Term Debt		 389 350 537 500 584 617 461 644 497 483 630
Noncurrent Deferred Revenue		 - - 21 105 111 87 81 69 57 40 19
Noncurrent Deferred & Payable Income Tax Liabilities		 13 3.10 3.60 4.20 13 17 27 33 32 16 11
Other Noncurrent Operating Liabilities		 69 119 79 40 49 113 88 91 108 103 107
Total Equity & Noncontrolling Interests		 779 771 855 858 893 993 1,137 1,133 1,321 1,489 1,454
Total Preferred & Common Equity		 779 771 855 858 887 987 1,137 1,133 1,321 1,489 1,454
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 779 771 855 858 887 987 1,137 1,133 1,321 1,489 1,454
Common Stock		 758 758 758 758 758 758 764 775 783 785 794
Retained Earnings		 815 905 1,041 1,122 1,282 1,430 1,608 1,846 2,088 2,378 2,610
Treasury Stock		 -655 -707 -808 -899 -981 -1,033 -1,130 -1,282 -1,378 -1,475 -1,770
Accumulated Other Comprehensive Income / (Loss)		 -162 -206 -157 -150 -193 -184 -118 -206 -173 -199 -181

Quarterly Balance Sheets for Donaldson

This table presents Donaldson'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 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 1/31/2023 4/30/2023 10/31/2023 1/31/2024 4/30/2024 10/31/2024 1/31/2025 4/30/2025 10/31/2025 1/31/2026 4/30/2026
Total Assets		 2,579 2,676 2,769 2,784 2,866 3,044 2,961 2,997 3,027 3,060 3,088
Total Current Assets		 1,349 1,353 1,313 1,317 1,401 1,479 1,423 1,476 1,514 1,527 1,573
Cash & Equivalents		 179 186 218 194 224 221 189 179 211 194 204
Accounts Receivable		 575 626 583 599 638 631 598 666 656 648 702
Inventories, net		 501 450 430 433 445 520 541 529 533 556 536
Prepaid Expenses		 94 91 83 91 94 107 95 102 115 129 131
Plant, Property, & Equipment, net		 626 641 642 647 643 647 638 648 639 645 637
Total Noncurrent Assets		 604 682 813 819 823 917 901 873 874 888 878
Goodwill		 350 380 469 476 475 480 469 490 495 504 499
Intangible Assets		 96 139 182 179 175 168 161 102 96 95 92
Other Noncurrent Operating Assets		 157 163 162 164 173 269 271 281 282 289 286
Total Liabilities & Shareholders' Equity		 2,579 2,676 2,769 2,784 2,866 3,044 2,961 2,997 3,027 3,060 3,088
Total Liabilities		 1,384 1,377 1,433 1,408 1,382 1,501 1,417 1,532 1,510 1,485 1,392
Total Current Liabilities		 580 712 883 894 735 801 766 760 704 666 669
Short-Term Debt		 4.00 152 285 262 74 103 63 84 9.00 6.50 17
Accounts Payable		 302 311 325 326 370 374 375 362 373 349 353
Current Deferred & Payable Income Tax Liabilities		 36 30 46 37 38 61 57 43 54 13 14
Current Employee Benefit Liabilities		 96 106 110 110 123 135 112 135 124 123 140
Other Current Liabilities		 83 83 91 98 104 103 99 114 144 174 145
Total Noncurrent Liabilities		 804 665 550 514 647 700 651 772 806 819 724
Long-Term Debt		 625 471 367 352 482 539 515 639 672 674 592
Noncurrent Deferred Revenue		 58 59 57 40 42 40 19 20 20 20 20
Noncurrent Deferred & Payable Income Tax Liabilities		 26 33 27 22 18 15 13 11 11 11 10
Other Noncurrent Operating Liabilities		 96 103 99 100 106 106 104 102 104 115 102
Total Equity & Noncontrolling Interests		 1,194 1,299 1,336 1,376 1,484 1,543 1,544 1,464 1,517 1,575 1,695
Total Preferred & Common Equity		 1,194 1,299 1,336 1,376 1,484 1,543 1,544 1,464 1,517 1,575 1,695
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,194 1,299 1,336 1,376 1,484 1,543 1,544 1,464 1,517 1,575 1,695
Common Stock		 778 780 784 782 782 791 792 792 795 796 799
Retained Earnings		 1,963 2,057 2,180 2,219 2,333 2,476 2,508 2,566 2,724 2,747 2,865
Treasury Stock		 -1,367 -1,359 -1,420 -1,436 -1,430 -1,531 -1,532 -1,718 -1,830 -1,825 -1,817
Accumulated Other Comprehensive Income / (Loss)		 -180 -180 -208 -189 -200 -193 -223 -176 -173 -144 -152

Annual Metrics And Ratios for Donaldson

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -4.14% -6.36% 6.83% 15.27% 4.05% -9.25% 10.54% 15.86% 3.76% 4.53% 2.92%
EBITDA Growth		 -13.70% -6.64% 18.05% 10.78% 3.16% -7.56% 11.15% 11.81% 6.05% 12.91% -5.98%
EBIT Growth		 -18.09% -8.46% 22.80% 12.71% 2.65% -10.76% 11.74% 15.05% 7.63% 14.10% -7.24%
NOPAT Growth		 -18.98% -2.23% 15.11% -20.09% 47.88% -5.68% 11.09% 16.22% 9.19% 14.47% -12.22%
Net Income Growth		 -20.02% -8.31% 22.01% -22.55% 48.20% -3.82% 11.63% 16.00% 7.81% 15.38% -11.35%
EPS Growth		 -15.34% -4.70% 22.54% -21.84% 50.74% -2.44% 12.00% 18.75% 9.02% 16.55% -9.76%
Operating Cash Flow Growth		 -33.04% 36.89% 9.10% -17.28% 31.53% 11.91% 3.85% -37.10% 115.39% -9.55% -14.96%
Free Cash Flow Firm Growth		 -64.40% 217.98% -30.67% -13.81% -24.98% 81.58% 28.43% -33.64% -4.52% 152.83% -50.58%
Invested Capital Growth		 12.87% -3.90% 5.68% 3.36% 13.83% 4.34% 2.16% 11.35% 12.59% 0.32% 8.27%
Revenue Q/Q Growth		 -2.37% -0.75% 2.88% 2.42% 0.08% -4.07% 5.77% 3.66% -0.31% 1.58% 1.24%
EBITDA Q/Q Growth		 -5.03% 1.55% 2.41% 2.71% -0.65% -3.74% 7.40% 2.53% -1.38% 3.52% 1.92%
EBIT Q/Q Growth		 -6.71% 1.91% 2.83% 3.30% -1.27% -5.06% 8.78% 3.56% -2.07% 4.19% 2.40%
NOPAT Q/Q Growth		 -6.76% 4.37% 0.67% 25.71% -13.99% 1.20% 6.57% 5.87% -1.89% 5.12% 0.26%
Net Income Q/Q Growth		 -7.36% 1.65% 3.88% 23.41% -14.22% 2.43% 7.57% 5.22% -2.45% 4.49% 1.27%
EPS Q/Q Growth		 -5.70% 2.16% 4.19% 23.64% -13.50% 2.04% 8.21% 5.98% -2.36% 4.97% 2.35%
Operating Cash Flow Q/Q Growth		 -14.57% 15.00% -0.75% 7.00% 5.62% -0.21% -5.97% 5.25% 17.70% -11.63% 11.09%
Free Cash Flow Firm Q/Q Growth		 -34.40% 35.57% -39.50% 203.89% 32.97% -29.28% 1.12% 6.21% -29.66% 30.23% 25.04%
Invested Capital Q/Q Growth		 -0.96% -5.81% 4.16% -1.23% -6.03% -0.06% 0.99% 1.43% 4.89% 0.50% -3.32%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 34.10% 34.00% 34.61% 34.23% 33.33% 33.76% 34.05% 32.28% 33.83% 35.54% 34.85%
EBITDA Margin		 15.95% 15.90% 17.57% 16.88% 16.74% 17.05% 17.15% 16.55% 16.91% 18.27% 16.69%
Operating Margin		 12.16% 12.35% 13.64% 13.79% 13.65% 13.17% 13.48% 13.41% 14.00% 15.17% 13.42%
EBIT Margin		 12.81% 12.53% 14.40% 14.08% 13.89% 13.66% 13.81% 13.71% 14.22% 15.52% 13.99%
Profit (Net Income) Margin		 8.78% 8.59% 9.81% 6.59% 9.39% 9.95% 10.05% 10.06% 10.46% 11.54% 9.94%
Tax Burden Percent		 72.11% 74.13% 72.30% 49.59% 71.22% 76.67% 75.30% 75.91% 76.55% 77.34% 74.56%
Interest Burden Percent		 95.00% 92.56% 94.29% 94.47% 94.96% 95.07% 96.70% 96.71% 96.06% 96.16% 95.31%
Effective Tax Rate		 27.89% 25.87% 27.70% 50.41% 28.78% 23.33% 24.70% 24.09% 23.45% 22.66% 25.44%
Return on Invested Capital (ROIC)		 19.34% 18.19% 20.77% 15.89% 21.62% 18.74% 20.17% 21.95% 21.40% 23.09% 19.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.46% 14.55% 20.40% 13.81% 19.29% 17.89% 19.41% 20.98% 19.60% 21.46% 19.18%
Return on Net Nonoperating Assets (RNNOA)		 4.02% 6.43% 7.86% 5.17% 8.74% 8.22% 6.63% 7.37% 7.85% 6.38% 5.16%
Return on Equity (ROE)		 23.37% 24.62% 28.64% 21.06% 30.36% 26.96% 26.80% 29.32% 29.24% 29.47% 24.94%
Cash Return on Invested Capital (CROIC)		 7.25% 22.17% 15.25% 12.58% 8.68% 14.50% 18.03% 11.21% 9.55% 22.76% 11.84%
Operating Return on Assets (OROA)		 16.19% 15.47% 18.13% 19.46% 19.18% 16.07% 16.97% 18.13% 18.17% 19.59% 17.53%
Return on Assets (ROA)		 11.09% 10.61% 12.36% 9.11% 12.97% 11.72% 12.35% 13.31% 13.36% 14.57% 12.46%
Return on Common Equity (ROCE)		 23.37% 24.62% 28.64% 21.06% 30.09% 26.51% 26.59% 29.32% 29.24% 29.47% 24.94%
Return on Equity Simple (ROE_SIMPLE)		 26.72% 24.73% 27.24% 21.02% 30.11% 26.04% 25.23% 29.37% 27.17% 27.80% 0.00%
Net Operating Profit after Tax (NOPAT)		 208 203 234 187 276 261 290 337 368 421 369
NOPAT Margin		 8.77% 9.15% 9.86% 6.84% 9.72% 10.10% 10.15% 10.18% 10.71% 11.73% 10.01%
Net Nonoperating Expense Percent (NNEP)		 -0.12% 3.64% 0.37% 2.07% 2.32% 0.86% 0.76% 0.97% 1.79% 1.63% 0.60%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 17.41%
Cost of Revenue to Revenue		 65.90% 66.00% 65.39% 65.77% 66.67% 66.24% 65.95% 67.72% 66.17% 64.46% 65.15%
SG&A Expenses to Revenue		 19.40% 19.15% 18.66% 18.25% 17.50% 18.22% 18.19% 16.78% 17.56% 17.75% 17.37%
R&D to Revenue		 2.54% 2.50% 2.31% 2.19% 2.19% 2.37% 2.38% 2.09% 2.28% 2.61% 2.38%
Operating Expenses to Revenue		 21.94% 21.65% 20.97% 20.44% 19.69% 20.59% 20.57% 18.87% 19.83% 20.36% 21.43%
Earnings before Interest and Taxes (EBIT)		 304 278 342 385 395 353 394 453 488 557 516
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 378 353 417 462 476 440 489 547 580 655 616
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.02 5.47 6.50 6.50 6.61 5.78 6.95 5.70 5.66 6.03 5.75
Price to Tangible Book Value (P/TBV)		 7.56 8.38 9.65 9.55 11.43 9.47 10.49 9.39 11.47 10.70 9.68
Price to Revenue (P/Rev)		 1.65 1.90 2.34 2.04 2.06 2.21 2.77 1.95 2.18 2.50 2.26
Price to Earnings (P/E)		 18.80 22.13 23.87 30.93 21.96 22.22 27.54 19.39 20.82 21.68 22.76
Dividend Yield		 2.31% 2.54% 1.93% 1.69% 1.70% 1.86% 1.35% 1.69% 1.53% 1.37% 1.55%
Earnings Yield		 5.32% 4.52% 4.19% 3.23% 4.55% 4.50% 3.63% 5.16% 4.80% 4.61% 4.39%
Enterprise Value to Invested Capital (EV/IC)		 3.75 4.15 5.06 4.94 4.66 4.31 5.64 4.27 4.36 5.08 4.55
Enterprise Value to Revenue (EV/Rev)		 1.80 2.05 2.47 2.16 2.23 2.37 2.87 2.09 2.31 2.59 2.39
Enterprise Value to EBITDA (EV/EBITDA)		 11.30 12.88 14.06 12.81 13.32 13.90 16.74 12.63 13.68 14.16 14.35
Enterprise Value to EBIT (EV/EBIT)		 14.06 16.34 17.16 15.37 16.05 17.35 20.78 15.24 16.27 16.67 17.12
Enterprise Value to NOPAT (EV/NOPAT)		 20.55 22.36 25.04 31.64 22.94 23.46 28.27 20.52 21.60 22.05 23.93
Enterprise Value to Operating Cash Flow (EV/OCF)		 20.08 15.60 18.44 22.50 18.34 15.81 20.37 27.33 14.58 18.84 21.11
Enterprise Value to Free Cash Flow (EV/FCFF)		 54.83 18.35 34.11 39.95 57.11 30.34 31.62 40.20 48.38 22.36 39.98
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.74 0.73 0.72 0.63 0.71 0.62 0.45 0.57 0.50 0.36 0.46
Long-Term Debt to Equity		 0.50 0.45 0.63 0.58 0.65 0.62 0.41 0.57 0.38 0.32 0.43
Financial Leverage		 0.21 0.44 0.39 0.37 0.45 0.46 0.34 0.35 0.40 0.30 0.27
Leverage Ratio		 2.11 2.32 2.32 2.31 2.34 2.30 2.17 2.20 2.19 2.02 2.00
Compound Leverage Factor		 2.00 2.15 2.18 2.18 2.22 2.19 2.10 2.13 2.10 1.95 1.91
Debt to Total Capital		 42.62% 42.36% 41.70% 38.77% 41.36% 38.44% 30.94% 36.38% 33.18% 26.49% 31.50%
Short-Term Debt to Total Capital		 13.94% 16.19% 5.04% 3.11% 3.40% 0.58% 2.95% 0.21% 8.05% 2.63% 1.79%
Long-Term Debt to Total Capital		 28.68% 26.17% 36.66% 35.66% 37.96% 37.86% 28.00% 36.17% 25.13% 23.86% 29.71%
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% 1.00% 1.02% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 57.38% 57.64% 58.30% 61.23% 57.64% 60.53% 69.06% 63.62% 66.82% 73.51% 68.50%
Debt to EBITDA		 1.53 1.61 1.47 1.18 1.34 1.42 1.04 1.18 1.13 0.82 1.09
Net Debt to EBITDA		 0.95 0.92 0.73 0.73 0.96 0.89 0.59 0.83 0.81 0.46 0.79
Long-Term Debt to EBITDA		 1.03 0.99 1.29 1.08 1.23 1.40 0.94 1.18 0.86 0.74 1.02
Debt to NOPAT		 2.78 2.79 2.61 2.91 2.30 2.40 1.76 1.92 1.78 1.28 1.81
Net Debt to NOPAT		 1.74 1.59 1.29 1.81 1.66 1.50 0.99 1.35 1.27 0.72 1.32
Long-Term Debt to NOPAT		 1.87 1.72 2.30 2.67 2.11 2.37 1.59 1.91 1.35 1.15 1.71
Altman Z-Score		 5.08 5.27 5.87 6.21 5.97 5.69 6.74 5.84 6.20 7.05 6.61
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.87% 1.68% 0.78% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.84 1.86 2.38 2.40 2.32 2.70 2.05 2.23 1.70 1.84 1.93
Quick Ratio		 1.21 1.28 1.67 1.58 1.46 1.70 1.28 1.29 1.04 1.10 1.11
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 78 248 172 148 111 202 259 172 164 415 221
Operating Cash Flow to CapEx		 227.35% 412.02% 500.47% 274.14% 229.92% 316.18% 689.37% 297.06% 461.05% 580.09% 545.31%
Free Cash Flow to Firm to Interest Expense		 5.13 11.97 8.81 6.95 5.58 11.59 19.92 11.54 8.55 19.39 9.14
Operating Cash Flow to Interest Expense		 14.00 14.07 16.30 12.34 17.38 22.24 30.92 16.97 28.36 23.01 17.31
Operating Cash Flow Less CapEx to Interest Expense		 7.84 10.66 13.04 7.84 9.82 15.21 26.43 11.26 22.21 19.05 14.13
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.26 1.23 1.26 1.38 1.38 1.18 1.23 1.32 1.28 1.26 1.25
Accounts Receivable Turnover		 5.08 4.87 4.99 5.30 5.35 5.24 5.66 5.66 5.64 5.83 5.71
Inventory Turnover		 6.03 5.87 5.88 5.73 5.69 5.22 5.32 5.05 4.93 5.17 4.86
Fixed Asset Turnover		 5.14 4.72 4.97 5.50 5.18 4.23 4.57 5.46 5.50 5.52 5.72
Accounts Payable Turnover		 7.90 9.09 9.20 9.10 6.97 6.45 7.82 7.08 7.06 6.76 6.43
Days Sales Outstanding (DSO)		 71.90 75.00 73.10 68.90 68.26 69.61 64.46 64.54 64.70 62.56 63.88
Days Inventory Outstanding (DIO)		 60.54 62.15 62.08 63.69 64.17 69.95 68.57 72.28 74.00 70.64 75.16
Days Payable Outstanding (DPO)		 46.23 40.16 39.69 40.11 52.36 56.61 46.70 51.54 51.72 54.02 56.77
Cash Conversion Cycle (CCC)		 86.21 96.99 95.49 92.48 80.08 82.95 86.33 85.28 86.98 79.18 82.27
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,140 1,095 1,157 1,196 1,362 1,421 1,451 1,616 1,820 1,826 1,941
Invested Capital Turnover		 2.21 1.99 2.11 2.32 2.22 1.86 1.99 2.16 2.00 1.97 1.98
Increase / (Decrease) in Invested Capital		 130 -45 62 39 165 59 31 165 204 5.90 148
Enterprise Value (EV)		 4,272 4,545 5,859 5,915 6,342 6,117 8,188 6,909 7,940 9,279 8,839
Market Capitalization		 3,911 4,222 5,556 5,576 5,868 5,710 7,902 6,454 7,471 8,975 8,351
Book Value per Share		 $5.73 $5.79 $6.52 $6.65 $6.96 $7.83 $9.05 $9.22 $10.89 $12.37 $12.47
Tangible Book Value per Share		 $3.80 $3.78 $4.39 $4.53 $4.03 $4.78 $6.00 $5.60 $5.37 $6.97 $7.40
Total Capital		 1,357 1,338 1,466 1,401 1,539 1,631 1,647 1,781 1,976 2,026 2,122
Total Debt		 578 567 611 543 637 627 510 648 656 537 668
Total Long-Term Debt		 389 350 537 500 584 617 461 644 497 483 630
Net Debt		 361 324 303 338 459 390 287 455 469 304 488
Capital Expenditures (CapEx)		 94 71 64 96 150 122 58 85 118 85 77
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 442 439 432 495 514 463 463 587 502 476 562
Debt-free Net Working Capital (DFNWC)		 659 683 741 700 692 699 686 781 689 709 742
Net Working Capital (NWC)		 470 466 667 656 640 690 637 777 530 656 705
Net Nonoperating Expense (NNE)		 -0.22 12 1.16 6.64 9.26 3.76 2.79 3.87 8.80 6.81 2.39
Net Nonoperating Obligations (NNO)		 361 324 303 338 459 417 314 483 499 337 488
Total Depreciation and Amortization (D&A)		 74 75 75 77 81 88 95 94 92 98 100
Debt-free, Cash-free Net Working Capital to Revenue		 18.63% 19.79% 18.23% 18.11% 18.07% 17.93% 16.23% 17.76% 14.62% 13.28% 15.23%
Debt-free Net Working Capital to Revenue		 27.80% 30.74% 31.23% 25.59% 24.32% 27.09% 24.03% 23.61% 20.07% 19.77% 20.11%
Net Working Capital to Revenue		 19.83% 20.98% 28.12% 24.00% 22.49% 26.72% 22.33% 23.50% 15.44% 18.28% 19.09%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.51 $1.43 $1.76 $1.38 $2.08 $2.03 $2.27 $2.69 $2.95 $3.43 $3.09
Adjusted Weighted Average Basic Shares Outstanding		 137.75M 133.80M 132.60M 130.30M 128.30M 126.90M 126.40M 123.70M 121.80M 120.70M 118.70M
Adjusted Diluted Earnings per Share		 $1.49 $1.42 $1.74 $1.36 $2.05 $2.00 $2.24 $2.66 $2.90 $3.38 $3.05
Adjusted Weighted Average Diluted Shares Outstanding		 139.38M 134.80M 134.10M 132.20M 130.30M 128.30M 128.20M 125.20M 123.60M 122.60M 120.40M
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		 137.80M 132.68M 129.90M 128.07M 126.16M 126.42M 124.01M 122.50M 121.24M 119.73M 115.91M
Normalized Net Operating Profit after Tax (NOPAT)		 208 203 234 264 276 261 290 337 368 421 416
Normalized NOPAT Margin		 8.77% 9.15% 9.86% 9.65% 9.72% 10.10% 10.15% 10.18% 10.71% 11.73% 11.26%
Pre Tax Income Margin		 12.17% 11.59% 13.58% 13.30% 13.19% 12.98% 13.35% 13.26% 13.66% 14.93% 13.34%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 19.99 13.43 17.51 18.07 19.85 20.26 30.31 30.42 25.41 26.01 21.34
NOPAT to Interest Expense		 13.68 9.82 12.00 8.78 13.89 14.99 22.28 22.60 19.15 19.66 15.26
EBIT Less CapEx to Interest Expense		 13.83 10.02 14.26 13.57 12.30 13.23 25.82 24.71 19.26 22.05 18.17
NOPAT Less CapEx to Interest Expense		 7.52 6.40 8.74 4.27 6.33 7.95 17.80 16.88 13.00 15.70 12.09
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 43.83% 47.80% 39.69% 52.52% 37.72% 41.40% 42.38% 33.08% 31.88% 29.66% 35.94%
Augmented Payout Ratio		 166.99% 91.98% 100.00% 120.19% 86.08% 78.09% 91.95% 84.35% 71.40% 68.96% 126.27%

Quarterly Metrics And Ratios for Donaldson

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 4/30/2026
DEI Shares Outstanding		 - - - - - - - - - - 115,814,243.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 115,814,243.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.02
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.12% 5.84% 5.96% 6.36% 6.36% -0.76% 1.31% 4.84% 3.92% 3.02% 5.85%
EBITDA Growth		 6.41% 13.47% 16.43% 15.14% 5.76% -2.07% -32.43% 6.84% 10.77% -4.49% 58.06%
EBIT Growth		 6.03% 14.16% 17.69% 18.32% 5.92% -2.75% -37.79% 8.36% 13.68% -5.04% 74.00%
NOPAT Growth		 4.66% 12.41% 18.36% 21.77% 6.27% -2.97% -48.70% 0.67% 16.19% -2.20% 104.05%
Net Income Growth		 5.62% 14.77% 21.13% 19.37% 7.49% -2.84% -49.07% 4.19% 15.05% -3.55% 104.33%
EPS Growth		 7.14% 15.71% 21.05% 21.62% 8.00% -2.47% -47.83% 7.78% 19.75% -1.27% 108.33%
Operating Cash Flow Growth		 16.75% -14.96% 6.23% -33.96% -47.17% 3.91% -38.02% 33.17% 72.02% -63.50% 54.39%
Free Cash Flow Firm Growth		 -7,452.45% -770.09% 168.79% 200.13% -15.98% 23.34% -524.12% -122.92% 197.69% 94.51% 120.28%
Invested Capital Growth		 10.97% 9.26% 4.71% 0.32% 10.96% 7.60% 10.55% 8.27% 1.16% 4.91% 4.55%
Revenue Q/Q Growth		 -3.77% 3.59% 5.84% 0.81% -3.77% -3.34% 8.06% 4.32% -4.62% -4.18% 11.02%
EBITDA Q/Q Growth		 3.67% 4.26% 9.05% -2.30% -4.78% -3.47% -24.76% 54.48% -1.27% -16.77% 24.51%
EBIT Q/Q Growth		 4.99% 4.83% 10.70% -2.89% -6.01% -3.75% -29.18% 69.15% -1.40% -19.60% 29.77%
NOPAT Q/Q Growth		 -1.18% 6.28% 14.06% 1.65% -13.75% -2.97% -39.69% 99.48% -0.46% -18.32% 25.82%
Net Income Q/Q Growth		 0.22% 7.17% 14.99% -3.35% -9.75% -3.13% -39.73% 97.75% -0.35% -18.79% 27.68%
EPS Q/Q Growth		 1.35% 8.00% 13.58% -2.17% -10.00% -2.47% -39.24% 102.08% 0.00% -19.59% 28.21%
Operating Cash Flow Q/Q Growth		 -27.67% -36.96% 62.64% -10.95% -42.14% 24.01% -2.99% 91.33% -25.27% -73.68% 310.30%
Free Cash Flow Firm Q/Q Growth		 25.12% 32.05% 156.77% 246.68% -186.74% 55.09% -214.08% 75.68% 384.82% -102.52% 1,260.28%
Invested Capital Q/Q Growth		 -2.75% 3.19% -0.53% 0.50% 7.56% 0.07% 2.19% -3.32% 2.32% 3.78% 1.84%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 35.55% 35.20% 35.58% 35.79% 35.51% 35.16% 34.24% 34.55% 35.15% 33.45% 33.50%
EBITDA Margin		 18.04% 18.16% 18.71% 18.13% 17.94% 17.92% 12.48% 18.48% 19.13% 16.61% 18.63%
Operating Margin		 14.72% 14.79% 15.48% 15.63% 14.53% 14.43% 9.30% 15.47% 15.96% 13.24% 15.61%
EBIT Margin		 15.17% 15.35% 16.06% 15.47% 15.11% 15.05% 9.86% 15.99% 16.53% 13.87% 16.21%
Profit (Net Income) Margin		 10.88% 11.26% 12.23% 11.73% 11.00% 11.02% 6.15% 11.65% 12.18% 10.32% 11.87%
Tax Burden Percent		 74.94% 76.51% 78.82% 78.69% 75.86% 76.72% 66.44% 76.35% 77.22% 79.33% 76.29%
Interest Burden Percent		 95.72% 95.84% 96.64% 96.34% 95.96% 95.49% 93.85% 95.47% 95.41% 93.81% 95.97%
Effective Tax Rate		 25.06% 23.49% 21.18% 21.31% 24.14% 23.28% 33.56% 23.65% 22.78% 20.67% 23.71%
Return on Invested Capital (ROIC)		 22.50% 22.51% 24.25% 24.20% 21.50% 21.21% 11.77% 23.35% 23.25% 19.58% 22.07%
ROIC Less NNEP Spread (ROIC-NNEP)		 22.20% 22.40% 24.33% 22.92% 21.44% 21.12% 11.71% 22.96% 22.94% 19.21% 21.99%
Return on Net Nonoperating Assets (RNNOA)		 7.79% 8.08% 6.72% 6.82% 6.36% 6.30% 3.48% 6.18% 6.68% 5.59% 6.60%
Return on Equity (ROE)		 30.28% 30.60% 30.97% 31.02% 27.86% 27.51% 15.26% 29.52% 29.93% 25.17% 28.67%
Cash Return on Invested Capital (CROIC)		 11.70% 13.04% 17.94% 22.76% 12.47% 15.03% 9.25% 11.84% 18.36% 14.24% 17.16%
Operating Return on Assets (OROA)		 19.71% 19.92% 20.46% 19.52% 18.93% 19.03% 12.26% 20.03% 20.29% 17.28% 20.29%
Return on Assets (ROA)		 14.14% 14.61% 15.59% 14.80% 13.78% 13.94% 7.65% 14.60% 14.95% 12.86% 14.85%
Return on Common Equity (ROCE)		 30.28% 30.60% 30.97% 31.02% 27.86% 27.51% 15.26% 29.52% 29.93% 25.17% 28.67%
Return on Equity Simple (ROE_SIMPLE)		 27.22% 27.36% 26.70% 0.00% 27.28% 27.07% 24.75% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 93 99 113 115 99 96 58 116 115 94 118
NOPAT Margin		 11.03% 11.32% 12.20% 12.30% 11.02% 11.07% 6.18% 11.81% 12.33% 10.51% 11.91%
Net Nonoperating Expense Percent (NNEP)		 0.29% 0.12% -0.08% 1.28% 0.05% 0.09% 0.06% 0.39% 0.31% 0.37% 0.08%
Return On Investment Capital (ROIC_SIMPLE)		 - 4.99% - - - 4.54% 2.66% 5.46% 5.25% 4.17% 5.14%
Cost of Revenue to Revenue		 64.45% 64.80% 64.43% 64.21% 64.49% 64.84% 65.76% 65.45% 64.85% 66.55% 66.50%
SG&A Expenses to Revenue		 18.32% 17.89% 17.43% 17.45% 18.45% 18.30% 16.07% 16.78% 18.13% 18.13% 15.97%
R&D to Revenue		 2.52% 2.52% 2.67% 2.72% 2.52% 2.44% 2.28% 2.29% 2.05% 2.08% 1.93%
Operating Expenses to Revenue		 20.83% 20.41% 20.10% 20.16% 20.98% 20.74% 24.94% 19.08% 19.19% 20.21% 17.90%
Earnings before Interest and Taxes (EBIT)		 128 135 149 145 136 131 93 157 155 124 161
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 153 159 174 170 162 156 117 181 179 149 185
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.15 5.53 5.81 6.03 5.68 5.48 5.37 5.75 6.44 7.44 6.02
Price to Tangible Book Value (P/TBV)		 10.05 10.57 10.34 10.70 9.79 9.26 9.00 9.68 10.55 12.01 9.25
Price to Revenue (P/Rev)		 2.01 2.19 2.44 2.50 2.41 2.33 2.15 2.26 2.62 3.12 2.68
Price to Earnings (P/E)		 18.93 20.23 21.77 21.68 20.81 20.26 21.68 22.76 25.57 30.98 23.27
Dividend Yield		 1.69% 1.55% 1.40% 1.37% 1.42% 1.49% 1.64% 1.55% 1.35% 1.15% 1.36%
Earnings Yield		 5.28% 4.94% 4.59% 4.61% 4.81% 4.94% 4.61% 4.39% 3.91% 3.23% 4.30%
Enterprise Value to Invested Capital (EV/IC)		 4.14 4.40 4.93 5.08 4.68 4.51 4.18 4.55 5.15 5.92 5.06
Enterprise Value to Revenue (EV/Rev)		 2.13 2.31 2.54 2.59 2.52 2.44 2.30 2.39 2.75 3.25 2.79
Enterprise Value to EBITDA (EV/EBITDA)		 12.42 13.21 14.16 14.16 13.83 13.41 13.90 14.35 16.16 19.50 15.29
Enterprise Value to EBIT (EV/EBIT)		 14.78 15.70 16.77 16.67 16.27 15.80 16.66 17.12 19.13 23.11 17.78
Enterprise Value to NOPAT (EV/NOPAT)		 19.68 21.00 22.38 22.05 21.52 20.91 22.80 23.93 26.56 31.86 23.92
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.97 14.64 16.07 18.84 21.48 20.56 22.28 21.11 21.72 29.50 23.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 37.19 35.24 28.12 22.36 39.44 31.09 47.51 39.98 28.22 42.59 30.13
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.49 0.45 0.37 0.36 0.42 0.37 0.49 0.46 0.45 0.43 0.36
Long-Term Debt to Equity		 0.27 0.26 0.32 0.32 0.35 0.33 0.44 0.43 0.44 0.43 0.35
Financial Leverage		 0.35 0.36 0.28 0.30 0.30 0.30 0.30 0.27 0.29 0.29 0.30
Leverage Ratio		 2.12 2.09 1.99 2.02 2.02 1.97 1.99 2.00 1.98 1.93 1.93
Compound Leverage Factor		 2.03 2.00 1.92 1.95 1.94 1.88 1.87 1.91 1.89 1.81 1.85
Debt to Total Capital		 32.77% 30.86% 27.26% 26.49% 29.38% 27.21% 33.04% 31.50% 30.97% 30.18% 26.41%
Short-Term Debt to Total Capital		 14.33% 13.17% 3.65% 2.63% 4.72% 2.96% 3.82% 1.79% 0.41% 0.29% 0.73%
Long-Term Debt to Total Capital		 18.45% 17.69% 23.62% 23.86% 24.65% 24.26% 29.21% 29.71% 30.56% 29.89% 25.68%
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		 67.23% 69.14% 72.74% 73.51% 70.62% 72.79% 66.96% 68.50% 69.03% 69.82% 73.59%
Debt to EBITDA		 1.11 1.01 0.88 0.82 0.97 0.87 1.20 1.09 1.07 1.09 0.88
Net Debt to EBITDA		 0.74 0.69 0.53 0.46 0.63 0.59 0.90 0.79 0.74 0.78 0.58
Long-Term Debt to EBITDA		 0.62 0.58 0.76 0.74 0.81 0.78 1.06 1.02 1.06 1.08 0.85
Debt to NOPAT		 1.75 1.60 1.39 1.28 1.50 1.36 1.96 1.81 1.77 1.78 1.37
Net Debt to NOPAT		 1.17 1.10 0.83 0.72 0.99 0.92 1.48 1.32 1.22 1.27 0.91
Long-Term Debt to NOPAT		 0.99 0.92 1.20 1.15 1.26 1.21 1.73 1.71 1.74 1.76 1.33
Altman Z-Score		 5.56 5.95 6.57 6.58 6.25 6.41 5.88 6.21 6.86 7.69 7.46
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		 1.49 1.47 1.91 1.84 1.85 1.86 1.94 1.93 2.15 2.29 2.35
Quick Ratio		 0.91 0.89 1.17 1.10 1.06 1.03 1.11 1.11 1.23 1.26 1.36
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -82 -55 31 109 -95 -43 -134 -32 92 -2.33 27
Operating Cash Flow to CapEx		 594.83% 408.45% 664.32% 636.36% 291.60% 478.31% 596.60% 826.60% 3,688.24% 220.00% 568.91%
Free Cash Flow to Firm to Interest Expense		 -14.84 -9.90 6.30 20.59 -17.21 -7.21 -23.43 -4.57 13.03 -0.30 4.17
Operating Cash Flow to Interest Expense		 25.09 15.54 28.30 23.77 13.25 15.32 15.39 23.63 17.66 4.29 20.83
Operating Cash Flow Less CapEx to Interest Expense		 20.87 11.73 24.04 20.04 8.71 12.12 12.81 20.77 17.18 2.34 17.17
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.30 1.30 1.27 1.26 1.25 1.26 1.24 1.25 1.23 1.25 1.25
Accounts Receivable Turnover		 5.88 5.93 5.58 5.83 6.00 6.07 5.59 5.71 5.79 6.03 5.57
Inventory Turnover		 4.90 4.88 5.12 5.17 4.94 4.81 4.85 4.86 4.62 4.49 4.71
Fixed Asset Turnover		 5.56 5.47 5.50 5.52 5.64 5.66 5.65 5.72 5.79 5.85 5.92
Accounts Payable Turnover		 6.99 7.26 6.73 6.76 6.72 6.68 6.46 6.43 6.51 6.80 7.01
Days Sales Outstanding (DSO)		 62.08 61.59 65.38 62.56 60.86 60.12 65.28 63.88 63.03 60.57 65.56
Days Inventory Outstanding (DIO)		 74.42 74.83 71.26 70.64 73.84 75.88 75.22 75.16 79.08 81.25 77.56
Days Payable Outstanding (DPO)		 52.24 50.27 54.27 54.02 54.31 54.60 56.52 56.77 56.04 53.64 52.08
Cash Conversion Cycle (CCC)		 84.26 86.15 82.37 79.18 80.39 81.40 83.97 82.27 86.07 88.18 91.03
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,770 1,826 1,817 1,826 1,964 1,965 2,008 1,941 1,986 2,062 2,100
Invested Capital Turnover		 2.04 1.99 1.99 1.97 1.95 1.92 1.91 1.98 1.89 1.86 1.85
Increase / (Decrease) in Invested Capital		 175 155 82 5.90 194 139 192 148 23 97 91
Enterprise Value (EV)		 7,318 8,035 8,958 9,279 9,180 8,857 8,400 8,839 10,235 12,212 10,616
Market Capitalization		 6,884 7,614 8,625 8,975 8,760 8,469 7,856 8,351 9,765 11,726 10,211
Book Value per Share		 $11.02 $11.45 $12.33 $12.37 $12.89 $12.93 $12.25 $12.47 $13.08 $13.66 $14.64
Tangible Book Value per Share		 $5.65 $6.00 $6.93 $6.97 $7.47 $7.66 $7.30 $7.40 $7.98 $8.46 $9.53
Total Capital		 1,988 1,990 2,040 2,026 2,185 2,122 2,187 2,122 2,197 2,256 2,304
Total Debt		 651 614 556 537 642 577 722 668 681 681 608
Total Long-Term Debt		 367 352 482 483 539 515 639 630 672 674 592
Net Debt		 434 420 333 304 421 388 544 488 470 486 404
Capital Expenditures (CapEx)		 23 21 21 20 25 19 15 20 3.40 15 24
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 498 492 516 476 561 530 621 562 609 673 717
Debt-free Net Working Capital (DFNWC)		 715 686 740 709 782 719 799 742 820 868 921
Net Working Capital (NWC)		 431 424 666 656 679 657 715 705 811 861 904
Net Nonoperating Expense (NNE)		 1.27 0.54 -0.32 5.35 0.23 0.38 0.27 1.53 1.39 1.67 0.38
Net Nonoperating Obligations (NNO)		 434 450 333 337 421 421 544 488 470 486 404
Total Depreciation and Amortization (D&A)		 24 25 25 25 26 25 25 24 24 25 24
Debt-free, Cash-free Net Working Capital to Revenue		 14.51% 14.15% 14.62% 13.28% 15.41% 14.60% 17.02% 15.23% 16.34% 17.94% 18.83%
Debt-free Net Working Capital to Revenue		 20.86% 19.72% 20.96% 19.77% 21.48% 19.80% 21.92% 20.11% 21.99% 23.12% 24.19%
Net Working Capital to Revenue		 12.55% 12.18% 18.85% 18.28% 18.65% 18.07% 19.62% 19.09% 21.75% 22.95% 23.75%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.76 $0.82 $0.94 $0.91 $0.83 $0.80 $0.49 $0.97 $0.98 $0.80 $1.02
Adjusted Weighted Average Basic Shares Outstanding		 120.90M 120.50M 120.80M 120.70M 119.90M 119.60M 118.80M 118.70M 115.90M 115.60M 115.90M
Adjusted Diluted Earnings per Share		 $0.75 $0.81 $0.92 $0.90 $0.81 $0.79 $0.48 $0.97 $0.97 $0.78 $1.00
Adjusted Weighted Average Diluted Shares Outstanding		 122.60M 122.10M 122.90M 122.60M 121.90M 121.40M 120.30M 120.40M 117.80M 117.90M 118.10M
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		 120.14M 120.37M 120.41M 119.73M 119.42M 119.52M 116.52M 115.91M 115.34M 115.81M 115.91M
Normalized Net Operating Profit after Tax (NOPAT)		 93 99 113 115 99 96 99 116 108 94 118
Normalized NOPAT Margin		 11.03% 11.32% 12.20% 12.30% 11.02% 11.07% 10.56% 11.81% 11.56% 10.51% 11.91%
Pre Tax Income Margin		 14.52% 14.71% 15.52% 14.90% 14.50% 14.37% 9.25% 15.26% 15.77% 13.01% 15.56%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 23.35 24.04 29.80 27.30 24.73 22.19 16.26 22.08 21.77 16.14 24.82
NOPAT to Interest Expense		 16.98 17.72 22.64 21.71 18.04 16.32 10.19 16.31 16.24 12.23 18.23
EBIT Less CapEx to Interest Expense		 19.13 20.23 25.54 23.57 20.18 18.98 13.68 19.23 21.30 14.19 21.15
NOPAT Less CapEx to Interest Expense		 12.76 13.92 18.38 17.97 13.50 13.12 7.61 13.45 15.76 10.28 14.57
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 32.00% 31.48% 30.44% 29.66% 29.70% 30.40% 35.71% 35.94% 35.14% 36.09% 31.68%
Augmented Payout Ratio		 73.08% 61.56% 64.84% 68.96% 73.37% 68.12% 124.31% 126.27% 126.42% 131.49% 70.53%

Financials Breakdown Chart

Key Financial Trends

Donaldson’s latest quarter showed solid profitability, but cash generation weakened and the balance sheet carried more debt than a year ago. In Q2 fiscal 2026, revenue was $896.3 million, down from $935.4 million in Q1 and also below the same quarter a year ago, while net income came in at $92.5 million. The company remains profitable and continues to produce positive operating cash flow, but short-term working capital pressure and elevated share repurchases/dividends reduced cash on hand.

  • Profitability remains healthy: Q2 2026 net income was $92.5 million, with diluted EPS of $0.78, showing the business is still converting sales into earnings.
  • Operating cash flow stayed positive: Donaldson generated $33.0 million in operating cash flow in Q2 2026 and $125.4 million in Q1 2026.
  • Gross margin held up reasonably well: Q2 2026 gross profit was $299.8 million on $896.3 million of revenue, indicating the company is still maintaining decent pricing and cost control.
  • Debt has been managed over the past year: Long-term debt declined to $674.3 million in Q2 2026 from $671.5 million in Q1 2026, and the company had also shown a much more leveraged profile earlier in fiscal 2025.
  • Equity base remains sizable: Total common equity was $1.58 billion in Q2 2026, supported by retained earnings of $2.75 billion.
  • Revenue has been choppy rather than consistently accelerating: Quarterly revenue moved from $900.1 million in Q1 2025 to $980.7 million in Q4 2025, then to $935.4 million in Q1 2026 and $896.3 million in Q2 2026.
  • Operating income softened from the prior quarter: Q2 2026 operating income was $118.7 million versus $149.3 million in Q1 2026, reflecting lower sales and tighter margins.
  • Share count is still being managed down only modestly: Weighted average diluted shares were 117.9 million in Q2 2026, down slightly from 120.4 million in Q4 2025, but repurchases have been uneven quarter to quarter.
  • Inventory remains elevated: Inventories were $555.8 million at the end of Q2 2026, up from $533.3 million in Q1 2026, which may reflect slower turnover or stocking needs.
  • Cash declined quarter over quarter: Cash and equivalents fell to $194.4 million in Q2 2026 from $210.7 million in Q1 2026.
  • Working capital was a drag on cash flow: Changes in operating assets and liabilities reduced Q2 2026 operating cash flow by $93.0 million, which overwhelmed reported earnings.
  • Buybacks and dividends consumed a lot of cash: In Q2 2026, Donaldson repurchased $19.7 million of stock and paid $34.6 million in dividends, while also repaying debt.
  • Debt is still material relative to cash: Q2 2026 total debt was about $680.8 million combined short-term and long-term, versus $194.4 million in cash, leaving the company with meaningful leverage.
  • Accumulated other comprehensive loss worsened: AOCI was -$143.8 million in Q2 2026, down from -$172.7 million in Q1 2026, suggesting continued balance-sheet pressure from non-operating items.

Big picture: Over the last several years, Donaldson has been a consistently profitable industrial company with steady earnings and shareholder returns. The latest trend is more mixed: earnings are still solid, but revenue growth has slowed, cash flow has become less robust due to working capital swings, and the company remains committed to returning cash to shareholders. Investors may view DCI as a quality operator, but near-term upside likely depends on whether it can reaccelerate revenue and improve cash conversion.

06/23/26 04:00 PM ETAI Generated. May Contain Errors.

Donaldson Financials - Frequently Asked Questions

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

Donaldson's net income appears to be on an upward trend, with a most recent value of $367 million in 2025, rising from $208.10 million in 2015. The previous period was $414 million in 2024. See Donaldson's forecast for analyst expectations on what's next for the company.

Donaldson's total operating income in 2025 was $495.40 million, based on the following breakdown:
  • Total Gross Profit: $1.29 billion
  • Total Operating Expenses: $790.80 million

Over the last 10 years, Donaldson's total revenue changed from $2.37 billion in 2015 to $3.69 billion in 2025, a change of 55.7%.

Donaldson's total liabilities were at $1.52 billion at the end of 2025, a 6.9% increase from 2024, and a 47.8% increase since 2015.

In the past 10 years, Donaldson's cash and equivalents has ranged from $177.80 million in 2019 to $308.40 million in 2017, and is currently $180.40 million as of their latest financial filing in 2025.

Over the last 10 years, Donaldson's book value per share changed from 5.73 in 2015 to 12.47 in 2025, a change of 117.8%.


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Financial statements for NYSE:DCI last updated on 6/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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