NASDAQ : NDSN
Nordson Corporation — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 329.1 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 18.33B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Nordson Corporation (NDSN) reported revenue of 2.98B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.98B | 2.79B | 2.69B | 2.63B | 2.59B | 2.36B |
| Cost of Revenue | 1.33B | 1.25B | 1.20B | 1.19B | 1.16B | 1.04B |
| Gross Profit | 1.65B | 1.54B | 1.49B | 1.43B | 1.43B | 1.32B |
| Selling, General & Admin | 840.16M | 809.43M | 805.80M | 743.90M | 763.58M | 715.30M |
| Operating Expenses | 840.16M | 809.43M | 805.80M | 743.90M | 763.58M | 715.30M |
| Operating Income | 810.38M | 733.49M | 688.03M | 690.37M | 662.95M | 608.78M |
| Interest Expense | -90.66M | -104.16M | -88.92M | -59.51M | -22.41M | -25.49M |
| Interest & Investment Income | 2.21M | 3.05M | 4.91M | 2.68M | 2.03M | 2.15M |
| Currency Exchange Gain (Loss) | -10.40M | -9.61M | -5.50M | -7.74M | 11.21M | -5.93M |
| Other Non Operating Income (Expenses) | -7.01M | -9.45M | -5.33M | -1.60M | -4.49M | -5.33M |
| EBT Excluding Unusual Items | 704.51M | 613.33M | 593.18M | 624.20M | 649.28M | 574.18M |
| Merger & Restructuring Charges | -3.47M | -15.68M | -7.70M | -8.86M | ||
| Other Unusual Items | -24.05M | |||||
| Pretax Income | 674.51M | 597.65M | 585.48M | 615.34M | 649.28M | 574.18M |
| Income Tax Expense | 119.33M | 113.17M | 118.20M | 127.85M | 136.18M | 119.81M |
| Net Income | 555.18M | 484.47M | 467.28M | 487.49M | 513.10M | 454.37M |
| Net Income to Common | 555.18M | 484.47M | 467.28M | 487.49M | 513.10M | 454.37M |
| Shares Outstanding (Basic) | 55.84M | 56.61M | 57.18M | 57.09M | 57.63M | 58.09M |
| Shares Outstanding (Diluted) | 56.17M | 56.92M | 57.62M | 57.63M | 58.25M | 58.73M |
| EPS (Basic) | 9.94 | 8.56 | 8.17 | 8.54 | 8.90 | 7.82 |
| EPS (Diluted) | 9.89 | 8.51 | 8.11 | 8.46 | 8.81 | 7.74 |
| Free Cash Flow | 724.01M | 661.12M | 491.78M | 606.70M | 461.70M | 507.62M |
| Free Cash Flow Per Share | 12.89 | 11.62 | 8.54 | 10.53 | 7.93 | 8.64 |
| Dividend Per Share | 3.28 | 3.16 | 2.82 | 2.63 | 2.18 | 1.68 |
| Gross Margin | 55.39% | 55.27% | 55.53% | 54.56% | 55.07% | 56.05% |
| Operating Margin | 27.20% | 26.27% | 25.58% | 26.26% | 25.59% | 25.77% |
| Profit Margin | 18.63% | 17.35% | 17.37% | 18.55% | 19.81% | 19.23% |
| Free Cash Flow Margin | 24.30% | 23.68% | 18.28% | 23.08% | 17.82% | 21.49% |
| EBITDA | 957.89M | 884.01M | 824.20M | 802.26M | 762.88M | 712.66M |
| EBITDA Margin | 32.15% | 31.67% | 30.64% | 30.52% | 29.45% | 30.17% |
| D&A For EBITDA | 147.51M | 150.52M | 136.18M | 111.90M | 99.92M | 103.88M |
| EBIT | 810.38M | 733.49M | 688.03M | 690.37M | 662.95M | 608.78M |
| EBIT Margin | 27.20% | 26.27% | 25.58% | 26.26% | 25.59% | 25.77% |
| Effective Tax Rate | 17.69% | 18.94% | 20.19% | 20.78% | 20.97% | 20.87% |
| Advertising Expenses | 8.81M | 8.92M | 7.63M | 7.03M | 5.99M |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 113.43M | 108.44M | 115.95M | 115.68M | 163.46M | 299.97M |
| Trading Asset Securities | 493.00K | 1.13M | ||||
| Cash & Short-Term Investments | 113.92M | 109.58M | 115.95M | 115.68M | 163.46M | 299.97M |
| Accounts Receivable | 648.83M | 553.32M | 561.61M | 548.38M | 502.08M | 472.04M |
| Other Receivables | 30.70M | 32.46M | 41.84M | 29.78M | 12.09M | |
| Receivables | 648.83M | 587.84M | 594.66M | 590.89M | 532.28M | 486.63M |
| Inventory | 469.31M | 444.81M | 476.94M | 454.77M | 383.40M | 327.19M |
| Prepaid Expenses | 84.98M | 89.72M | 78.17M | 67.97M | 48.80M | 48.28M |
| Other Current Assets | 10.83M | 10.90M | 9.31M | 5.04M | 2.75M | |
| Total Current Assets | 1.33B | 1.24B | 1.28B | 1.23B | 1.13B | 1.16B |
| Property, Plant & Equipment | 582.38M | 594.39M | 638.23M | 499.02M | 455.72M | 466.42M |
| Long-Term Investments | 7.03M | 10.35M | ||||
| Goodwill | 3.32B | 3.30B | 3.28B | 2.78B | 1.80B | 1.71B |
| Other Intangible Assets | 626.34M | 681.59M | 740.85M | 672.74M | 329.40M | 357.37M |
| Long-Term Deferred Tax Assets | 11.76M | 11.25M | 11.20M | 16.02M | 10.45M | 11.38M |
| Other Long-Term Assets | 76.73M | 72.57M | 54.85M | 50.47M | 87.14M | 77.81M |
| Total Assets | 5.95B | 5.92B | 6.00B | 5.25B | 3.82B | 3.79B |
| Accounts Payable | 154.63M | 121.01M | 97.84M | 106.32M | 99.28M | 91.69M |
| Accrued Expenses | 207.42M | 199.17M | 195.51M | 174.76M | 183.38M | 190.88M |
| Short-Term Debt | 192.00M | |||||
| Current Portion of Long-Term Debt | 10.00M | 315.00M | 103.93M | 115.66M | 392.54M | 34.19M |
| Current Portion of Leases | 25.09M | 23.29M | 22.32M | 21.77M | 20.64M | 23.02M |
| Current Income Taxes Payable | 44.47M | 25.86M | 32.75M | 45.36M | 22.33M | 16.64M |
| Current Unearned Revenue | 69.62M | 44.01M | 46.40M | 93.39M | 92.58M | 77.87M |
| Other Current Liabilities | 25.24M | 29.93M | 29.72M | 24.83M | 23.45M | 11.11M |
| Total Current Liabilities | 728.47M | 758.26M | 528.48M | 582.09M | 834.20M | 445.39M |
| Long-Term Debt | 1.53B | 1.68B | 2.10B | 1.62B | 345.32M | 781.71M |
| Long-Term Leases | 62.12M | 72.81M | 92.90M | 104.08M | 101.95M | 112.63M |
| Pension & Post-Retirement Benefits | 85.28M | 86.99M | 98.44M | 91.29M | 97.36M | 163.24M |
| Long-Term Deferred Tax Liabilities | 191.12M | 192.19M | 205.69M | 210.64M | 110.78M | 88.47M |
| Other Long-Term Liabilities | 82.87M | 82.61M | 42.08M | 44.22M | 36.39M | 40.40M |
| Total Liabilities | 2.68B | 2.87B | 3.07B | 2.65B | 1.53B | 1.63B |
| Common Stock | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M |
| Additional Paid-In Capital | 801.95M | 740.79M | 714.09M | 668.10M | 626.70M | 585.33M |
| Retained Earnings | 4.87B | 4.60B | 4.30B | 3.99B | 3.65B | 3.27B |
| Treasury Stock | -2.36B | -2.21B | -1.90B | -1.88B | -1.79B | -1.53B |
| Comprehensive Income & Other | -48.99M | -100.46M | -184.84M | -196.44M | -207.78M | -175.84M |
| Shareholders' Equity | 3.27B | 3.04B | 2.93B | 2.60B | 2.29B | 2.16B |
| Total Liabilities & Equity | 5.95B | 5.92B | 6.00B | 5.25B | 3.82B | 3.79B |
| Total Debt | 1.82B | 2.09B | 2.32B | 1.86B | 860.45M | 951.55M |
| Net Cash (Debt) | -1.70B | -1.98B | -2.20B | -1.75B | -697.00M | -651.58M |
| Net Cash Per Share | -30.34 | -34.84 | -38.26 | -30.32 | -11.97 | -11.09 |
| Filing Date Shares Outstanding | 55.70M | 55.82M | 57.02M | 57.02M | 57.16M | 58.18M |
| Total Common Shares Outstanding | 55.70M | 55.92M | 57.20M | 57.01M | 57.11M | 58.15M |
| Working Capital | 599.40M | 484.59M | 746.55M | 647.22M | 298.77M | 719.44M |
| Book Value Per Share | 58.69 | 54.43 | 51.26 | 45.57 | 40.17 | 37.13 |
| Tangible Book Value | -673.10M | -942.70M | -1.09B | -858.88M | 160.28M | 88.61M |
| Tangible Book Value Per Share | -12.08 | -16.86 | -19.05 | -15.07 | 2.81 | 1.52 |
| Land | 37.91M | 32.58M | 32.02M | 15.79M | 9.28M | 9.24M |
| Buildings | 368.28M | 360.04M | 354.85M | 294.27M | 271.45M | 263.40M |
| Machinery | 759.03M | 735.79M | 702.91M | 602.23M | 557.86M | 541.71M |
| Construction In Progress | 34.63M | 29.52M | 58.36M | 24.92M | 31.47M | 32.72M |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 555.18M | 484.47M | 467.28M | 487.49M | 513.10M | 454.37M |
| Depreciation & Amortization | 147.51M | 150.52M | 136.18M | 111.90M | 99.92M | 103.88M |
| Loss (Gain) From Sale of Assets | 2.58M | 3.02M | 1.47M | 1.09M | -581.00K | 589.00K |
| Stock-Based Compensation | 23.20M | 18.94M | 18.96M | 22.71M | 30.75M | 22.76M |
| Provision & Write-off of Bad Debts | 768.00K | 768.00K | 619.00K | 283.00K | 1.26M | 32.00K |
| Other Operating Activities | 15.27M | 4.62M | -15.16M | -7.98M | 31.75M | -64.71M |
| Change in Accounts Receivable | 3.75M | 3.75M | 13.99M | 18.18M | -72.91M | -13.72M |
| Change in Inventory | 34.63M | 34.63M | 46.62M | 22.42M | -69.13M | -50.58M |
| Change in Accounts Payable | 21.29M | 21.29M | -38.59M | -15.82M | 10.67M | 20.77M |
| Change in Unearned Revenue | -3.15M | -3.15M | -48.42M | -2.78M | 18.68M | 36.17M |
| Change in Income Taxes | -6.87M | -6.87M | -19.39M | 17.72M | 6.16M | 8.66M |
| Change in Other Net Operating Assets | -20.78M | 7.17M | -7.35M | -13.94M | -56.54M | 27.72M |
| Operating Cash Flow | 773.38M | 719.17M | 556.19M | 641.28M | 513.13M | 545.93M |
| Capital Expenditures | -49.37M | -58.06M | -64.41M | -34.58M | -51.43M | -38.30M |
| Sale of Property, Plant & Equipment | 1.11M | 309.00K | 75.00K | 101.00K | 280.00K | 163.00K |
| Cash Acquisitions | -11.64M | -790.00M | -1.42B | -171.61M | ||
| Divestitures | 28.11M | 28.11M | ||||
| Other Investing Activities | -5.63M | 2.95M | 9.93M | 20.38M | 4.97M | |
| Investing Cash Flow | -37.43M | -26.69M | -844.40M | -1.44B | -222.76M | -33.17M |
| Long-Term Debt Issued | 25.61M | 783.04M | 2.18B | 63.07M | 9.41M | |
| Total Debt Issued | 462.04M | 25.61M | 783.04M | 2.18B | 63.07M | 9.41M |
| Long-Term Debt Repaid | -255.62M | -324.83M | -1.21B | -102.41M | -305.45M | |
| Total Debt Repaid | -856.96M | -255.62M | -324.83M | -1.21B | -102.41M | -305.45M |
| Net Debt Issued (Repaid) | -394.92M | -230.01M | 458.20M | 969.20M | -39.35M | -296.04M |
| Issuance of Common Stock | 52.74M | 9.01M | 31.07M | 21.37M | 12.12M | 31.78M |
| Repurchase of Common Stock | -246.97M | -306.37M | -33.34M | -89.71M | -262.87M | -60.97M |
| Common Dividends Paid | -183.44M | -179.07M | -161.44M | -150.36M | -125.91M | -97.68M |
| Financing Cash Flow | -772.59M | -706.43M | 294.50M | 750.51M | -416.01M | -422.91M |
| Foreign Exchange Rate Adjustments | 2.28M | 6.44M | -6.02M | -2.69M | -10.88M | 1.83M |
| Net Cash Flow | -34.36M | -7.51M | 273.00K | -47.78M | -136.51M | 91.68M |
| Free Cash Flow | 724.01M | 661.12M | 491.78M | 606.70M | 461.70M | 507.62M |
| Free Cash Flow Margin | 24.30% | 23.68% | 18.28% | 23.08% | 17.82% | 21.49% |
| Free Cash Flow Per Share | 12.89 | 11.62 | 8.54 | 10.53 | 7.93 | 8.64 |
| Levered Free Cash Flow | 613.81M | 548.28M | 377.28M | 373.84M | 407.79M | 486.43M |
| Unlevered Free Cash Flow | 670.47M | 613.38M | 432.86M | 411.03M | 421.80M | 502.36M |
| Cash Interest Paid | 98.69M | 98.69M | 85.97M | 54.71M | 22.98M | 27.12M |
| Cash Income Tax Paid | 147.94M | 147.94M | 160.12M | 112.91M | 141.21M | 106.94M |
| Change in Working Capital | 28.87M | 56.83M | -53.15M | 25.79M | -163.07M | 29.01M |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 18.17B | 13.03B | 14.17B | 12.12B | 12.87B | 14.77B |
| Enterprise Value | 19.87B | 15.11B | 15.62B | 12.94B | 13.67B | 15.56B |
| Last Close Price | 322.67 | 229.10 | 241.24 | 204.67 | 214.17 | 239.70 |
| PE Ratio | 32.99 | 26.90 | 30.33 | 24.86 | 25.09 | 32.51 |
| Forward PE | 25.50 | 21.26 | 24.62 | 22.76 | 23.37 | 29.27 |
| PS Ratio | 6.11 | 4.67 | 5.27 | 4.61 | 4.97 | 6.25 |
| PB Ratio | 5.50 | 4.28 | 4.83 | 4.67 | 5.61 | 6.84 |
| P/TBV Ratio | 80.31 | 166.71 | ||||
| P/FCF Ratio | 25.16 | 19.71 | 28.82 | 19.98 | 27.88 | 29.10 |
| P/OCF Ratio | 23.55 | 18.12 | 25.48 | 18.90 | 25.09 | 27.06 |
| PEG Ratio | 1.96 | 1.64 | 1.89 | 0.75 | 1.65 | 1.61 |
| EV/Sales Ratio | 6.68 | 5.41 | 5.81 | 4.92 | 5.28 | 6.59 |
| EV/EBITDA Ratio | 20.79 | 17.09 | 18.95 | 16.13 | 17.92 | 21.84 |
| EV/EBIT Ratio | 24.58 | 20.59 | 22.71 | 18.74 | 20.62 | 25.56 |
| EV/FCF Ratio | 27.51 | 22.85 | 31.77 | 21.33 | 29.61 | 30.65 |
| Debt / Equity Ratio | 0.56 | 0.69 | 0.79 | 0.72 | 0.38 | 0.44 |
| Debt / EBITDA Ratio | 1.85 | 2.31 | 2.74 | 2.26 | 1.10 | 1.29 |
| Debt / FCF Ratio | 2.51 | 3.17 | 4.72 | 3.07 | 1.86 | 1.88 |
| Net Debt / Equity Ratio | 0.52 | 0.65 | 0.75 | 0.67 | 0.30 | 0.30 |
| Net Debt / EBITDA Ratio | 1.78 | 2.24 | 2.67 | 2.18 | 0.91 | 0.91 |
| Net Debt / FCF Ratio | 2.35 | 3.00 | 4.48 | 2.88 | 1.51 | 1.28 |
| Asset Turnover | 0.50 | 0.47 | 0.48 | 0.58 | 0.68 | 0.63 |
| Inventory Turnover | 2.86 | 2.71 | 2.57 | 2.85 | 3.27 | 3.44 |
| Quick Ratio | 1.05 | 0.92 | 1.34 | 1.21 | 0.83 | 1.76 |
| Current Ratio | 1.82 | 1.64 | 2.41 | 2.11 | 1.36 | 2.62 |
| Return on Equity (ROE) | 17.76% | 16.21% | 16.90% | 19.93% | 23.04% | 23.19% |
| Return on Assets (ROA) | 8.47% | 7.69% | 7.64% | 9.51% | 10.89% | 10.19% |
| Return on Invested Capital (ROIC) | 13.28% | 11.70% | 11.58% | 14.91% | 18.06% | 17.17% |
| Return on Capital Employed (ROCE) | 15.50% | 14.20% | 12.60% | 14.80% | 22.20% | 18.20% |
| Earnings Yield | 3.03% | 3.72% | 3.30% | 4.02% | 3.99% | 3.08% |
| FCF Yield | 3.98% | 5.07% | 3.47% | 5.00% | 3.59% | 3.44% |
| Dividend Yield | 1.15% | 1.36% | 1.14% | 1.24% | 0.97% | 0.66% |
| Payout Ratio | 38.03% | 36.96% | 34.55% | 30.84% | 24.54% | 21.50% |
| Buyback Yield / Dilution | 1.83% | 1.21% | 0.03% | 1.06% | 0.83% | -0.45% |
| Total Shareholder Return | 2.99% | 2.57% | 1.16% | 2.30% | 1.79% | 0.21% |