NYSE : DCI
Donaldson Company, Inc. — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 82.96 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 9.62B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Donaldson Company, Inc. (DCI) reported revenue of 3.89B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 3.89B | 3.89B | 3.69B | 3.59B | 3.43B | 3.31B |
| Cost of Revenue | 2.52B | 2.52B | 2.40B | 2.31B | 2.27B | 2.24B |
| Gross Profit | 1.36B | 1.36B | 1.29B | 1.28B | 1.16B | 1.07B |
| Selling, General & Admin | 679.80M | 679.80M | 642.40M | 638.10M | 582.90M | 550.70M |
| Research & Development | 76.10M | 76.10M | 87.80M | 93.60M | 78.10M | 69.10M |
| Operating Expenses | 755.90M | 755.90M | 730.20M | 731.70M | 661.00M | 619.80M |
| Operating Income | 607.60M | 607.60M | 562.50M | 546.50M | 502.50M | 447.60M |
| Interest Expense | -36.00M | -36.00M | -24.20M | -21.40M | -19.20M | -14.90M |
| Earnings From Equity Investments | 13.70M | 13.70M | 12.90M | |||
| Currency Exchange Gain (Loss) | -2.30M | -2.30M | -2.50M | -1.70M | -6.40M | -6.30M |
| Other Non Operating Income (Expenses) | 11.10M | 11.10M | 6.80M | 15.70M | 13.60M | 12.00M |
| EBT Excluding Unusual Items | 594.10M | 594.10M | 555.50M | 539.10M | 490.50M | 438.40M |
| Merger & Restructuring Charges | -17.60M | -17.60M | -6.50M | -3.80M | -21.80M | |
| Gain (Loss) on Sale of Assets | 9.30M | 9.30M | 1.20M | |||
| Asset Writedown | -62.00M | |||||
| Other Unusual Items | 4.00M | |||||
| Pretax Income | 585.80M | 585.80M | 492.20M | 535.30M | 468.70M | 438.40M |
| Income Tax Expense | 132.00M | 132.00M | 125.20M | 121.30M | 109.90M | 105.60M |
| Net Income | 453.80M | 453.80M | 367.00M | 414.00M | 358.80M | 332.80M |
| Net Income to Common | 453.80M | 453.80M | 367.00M | 414.00M | 358.80M | 332.80M |
| Shares Outstanding (Basic) | 115.80M | 115.80M | 118.70M | 120.70M | 121.80M | 123.70M |
| Shares Outstanding (Diluted) | 117.90M | 117.90M | 120.40M | 122.60M | 123.60M | 125.20M |
| EPS (Basic) | 3.92 | 3.92 | 3.09 | 3.43 | 2.95 | 2.69 |
| EPS (Diluted) | 3.85 | 3.85 | 3.05 | 3.38 | 2.90 | 2.66 |
| Free Cash Flow | 426.30M | 426.30M | 339.90M | 406.90M | 426.00M | 167.30M |
| Free Cash Flow Per Share | 3.62 | 3.62 | 2.82 | 3.32 | 3.45 | 1.34 |
| Dividend Per Share | 1.24 | 1.24 | 1.14 | 1.04 | 0.96 | 0.90 |
| Gross Margin | 35.09% | 35.09% | 35.02% | 35.64% | 33.91% | 32.28% |
| Operating Margin | 15.64% | 15.64% | 15.24% | 15.24% | 14.65% | 13.54% |
| Profit Margin | 11.68% | 11.68% | 9.94% | 11.54% | 10.46% | 10.06% |
| Free Cash Flow Margin | 10.97% | 10.97% | 9.21% | 11.35% | 12.42% | 5.06% |
| EBITDA | 713.60M | 713.60M | 662.00M | 644.90M | 594.80M | 541.40M |
| EBITDA Margin | 18.37% | 18.37% | 17.94% | 17.98% | 17.34% | 16.37% |
| D&A For EBITDA | 106.00M | 106.00M | 99.50M | 98.40M | 92.30M | 93.80M |
| EBIT | 607.60M | 607.60M | 562.50M | 546.50M | 502.50M | 447.60M |
| EBIT Margin | 15.64% | 15.64% | 15.24% | 15.24% | 14.65% | 13.54% |
| Effective Tax Rate | 22.53% | 22.53% | 25.44% | 22.66% | 23.45% | 24.09% |
Balance sheet
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 250.40M | 250.40M | 180.40M | 232.70M | 187.10M | 193.30M |
| Cash & Short-Term Investments | 250.40M | 250.40M | 180.40M | 232.70M | 187.10M | 193.30M |
| Receivables | 780.10M | 780.10M | 686.50M | 645.60M | 613.00M | 634.30M |
| Inventory | 538.70M | 538.70M | 513.60M | 476.70M | 418.10M | 502.40M |
| Prepaid Expenses | 99.60M | 99.60M | 79.90M | 82.00M | 67.80M | 76.50M |
| Other Current Assets | 900.00K | 900.00K | 1.30M | 1.10M | ||
| Total Current Assets | 1.67B | 1.67B | 1.46B | 1.44B | 1.29B | 1.41B |
| Property, Plant & Equipment | 685.70M | 685.70M | 705.00M | 705.20M | 712.30M | 639.10M |
| Long-Term Investments | 110.00M | 110.00M | 103.60M | 26.90M | 24.40M | 22.40M |
| Goodwill | 1.09B | 1.09B | 493.60M | 478.40M | 481.10M | 345.80M |
| Other Intangible Assets | 304.60M | 304.60M | 97.40M | 171.90M | 188.10M | 99.80M |
| Other Long-Term Assets | 130.00M | 130.00M | 115.90M | 93.80M | 78.60M | 86.70M |
| Total Assets | 3.99B | 3.99B | 2.98B | 2.91B | 2.77B | 2.60B |
| Accounts Payable | 378.60M | 378.60M | 368.60M | 379.40M | 304.90M | 338.50M |
| Accrued Expenses | 152.80M | 152.80M | 145.70M | 142.40M | 121.10M | 115.60M |
| Short-Term Debt | 44.80M | 44.80M | 31.20M | 28.30M | 34.10M | 3.70M |
| Current Portion of Long-Term Debt | 6.70M | 25.00M | 125.00M | |||
| Current Portion of Leases | 24.80M | 24.80M | 24.10M | 20.20M | 17.80M | 16.30M |
| Current Income Taxes Payable | 20.50M | 20.50M | 43.90M | 42.60M | 32.30M | 31.80M |
| Current Unearned Revenue | 29.00M | 29.00M | 20.80M | 25.30M | 22.30M | |
| Other Current Liabilities | 153.60M | 153.60M | 116.20M | 144.60M | 95.90M | 101.40M |
| Total Current Liabilities | 804.10M | 804.10M | 757.20M | 782.50M | 756.40M | 629.60M |
| Long-Term Debt | 1.28B | 1.28B | 630.40M | 483.40M | 496.60M | 644.30M |
| Long-Term Leases | 33.10M | 33.10M | 37.80M | 41.30M | 42.40M | 28.50M |
| Pension & Post-Retirement Benefits | 19.70M | 19.70M | 29.80M | 24.70M | 18.10M | 19.30M |
| Long-Term Deferred Tax Liabilities | 28.30M | 28.30M | 10.50M | 16.10M | 32.30M | 32.70M |
| Other Long-Term Liabilities | 57.20M | 57.20M | 58.00M | 77.20M | 104.00M | 112.70M |
| Total Liabilities | 2.22B | 2.22B | 1.52B | 1.43B | 1.45B | 1.47B |
| Common Stock | 758.20M | 758.20M | 758.20M | 758.20M | 758.20M | 758.20M |
| Additional Paid-In Capital | 44.60M | 44.60M | 35.80M | 26.80M | 24.80M | 17.00M |
| Retained Earnings | 2.92B | 2.92B | 2.61B | 2.38B | 2.09B | 1.85B |
| Treasury Stock | -1.81B | -1.81B | -1.77B | -1.47B | -1.38B | -1.28B |
| Comprehensive Income & Other | -146.20M | -146.20M | -180.70M | -198.90M | -172.50M | -205.60M |
| Total Common Equity | 1.76B | 1.76B | 1.45B | 1.49B | 1.32B | 1.13B |
| Shareholders' Equity | 1.76B | 1.76B | 1.45B | 1.49B | 1.32B | 1.13B |
| Total Liabilities & Equity | 3.99B | 3.99B | 2.98B | 2.91B | 2.77B | 2.60B |
| Total Debt | 1.38B | 1.38B | 730.20M | 598.20M | 715.90M | 692.80M |
| Net Cash (Debt) | -1.13B | -1.13B | -549.80M | -365.50M | -528.80M | -499.50M |
| Net Cash Per Share | -9.60 | -9.60 | -4.57 | -2.98 | -4.28 | -3.99 |
| Filing Date Shares Outstanding | 115.91M | 115.91M | 115.91M | 119.73M | 121.11M | 122.50M |
| Total Common Shares Outstanding | 115.99M | 115.99M | 116.04M | 120.11M | 121.11M | 122.55M |
| Working Capital | 865.60M | 865.60M | 704.50M | 655.60M | 529.60M | 776.90M |
| Book Value Per Share | 15.21 | 15.21 | 12.53 | 12.40 | 10.90 | 9.25 |
| Tangible Book Value | 373.00M | 373.00M | 862.50M | 838.80M | 651.50M | 687.60M |
| Tangible Book Value Per Share | 3.22 | 3.22 | 7.43 | 6.98 | 5.38 | 5.61 |
| Land | 30.10M | 30.10M | 29.50M | 29.50M | 29.30M | 25.60M |
| Buildings | 517.60M | 517.60M | 493.80M | 451.90M | 430.80M | 396.20M |
| Machinery | 1.13B | 1.13B | 1.12B | 1.05B | 989.00M | 940.10M |
| Construction In Progress | 34.30M | 34.30M | 31.50M | 68.40M | 107.70M | 72.10M |
| Order Backlog | 684.20M | 684.20M | 552.20M |
Cash flow statement
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 453.80M | 453.80M | 367.00M | 414.00M | 358.80M | 332.80M |
| Depreciation & Amortization | 106.00M | 106.00M | 99.50M | 98.40M | 92.30M | 93.80M |
| Loss (Gain) From Sale of Assets | -9.30M | -9.30M | -1.20M | |||
| Asset Writedown & Restructuring Costs | 62.00M | |||||
| Loss (Gain) on Equity Investments | -8.00M | -8.00M | -3.60M | -4.70M | -1.00M | 300.00K |
| Stock-Based Compensation | 24.70M | 24.70M | 24.00M | 22.00M | 20.40M | 20.40M |
| Other Operating Activities | 9.50M | 9.50M | -28.70M | -20.60M | -8.00M | 9.20M |
| Change in Accounts Receivable | -75.10M | -75.10M | -21.40M | -39.40M | 30.10M | -100.80M |
| Change in Inventory | 800.00K | 800.00K | -32.20M | -65.60M | 99.80M | -147.80M |
| Change in Accounts Payable | -2.00M | -2.00M | -5.50M | 80.30M | -39.00M | 51.10M |
| Change in Unearned Revenue | 8.30M | |||||
| Change in Income Taxes | -25.70M | -25.70M | -34.40M | 4.40M | -11.50M | 4.90M |
| Change in Other Net Operating Assets | 19.00M | 19.00M | -6.70M | 3.70M | 2.60M | -19.40M |
| Operating Cash Flow | 493.70M | 493.70M | 418.80M | 492.50M | 544.50M | 252.80M |
| Capital Expenditures | -67.40M | -67.40M | -78.90M | -85.60M | -118.50M | -85.50M |
| Sale of Property, Plant & Equipment | 10.50M | 10.50M | 2.10M | 700.00K | 400.00K | 400.00K |
| Cash Acquisitions | -822.60M | -822.60M | -2.40M | -2.00M | -209.20M | -68.90M |
| Investment in Securities | -71.20M | |||||
| Investing Cash Flow | -879.50M | -879.50M | -150.40M | -86.90M | -327.30M | -154.00M |
| Short-Term Debt Issued | 13.70M | 13.70M | 1.20M | 30.40M | ||
| Long-Term Debt Issued | 858.90M | 858.90M | 388.10M | 119.70M | 189.20M | 289.30M |
| Total Debt Issued | 872.60M | 872.60M | 389.30M | 119.70M | 219.60M | 289.30M |
| Short-Term Debt Repaid | -5.70M | -43.90M | ||||
| Long-Term Debt Repaid | -216.20M | -216.20M | -265.00M | -228.80M | -219.60M | -90.00M |
| Total Debt Repaid | -216.20M | -216.20M | -265.00M | -234.50M | -219.60M | -133.90M |
| Net Debt Issued (Repaid) | 656.40M | 656.40M | 124.30M | -114.80M | 155.40M | |
| Issuance of Common Stock | 55.90M | 55.90M | 28.60M | 54.10M | 38.30M | 12.90M |
| Repurchase of Common Stock | -117.20M | -117.20M | -337.20M | -170.70M | -146.10M | -172.40M |
| Common Dividends Paid | -141.20M | -141.20M | -131.90M | -122.80M | -114.40M | -110.10M |
| Other Financing Activities | -2.30M | -2.30M | -5.50M | -1.70M | ||
| Financing Cash Flow | 451.60M | 451.60M | -321.70M | -355.90M | -222.20M | -114.20M |
| Foreign Exchange Rate Adjustments | 4.20M | 4.20M | 1.00M | -4.10M | -1.20M | -14.10M |
| Net Cash Flow | 70.00M | 70.00M | -52.30M | 45.60M | -6.20M | -29.50M |
| Free Cash Flow | 426.30M | 426.30M | 339.90M | 406.90M | 426.00M | 167.30M |
| Free Cash Flow Margin | 10.97% | 10.97% | 9.21% | 11.35% | 12.42% | 5.06% |
| Free Cash Flow Per Share | 3.62 | 3.62 | 2.82 | 3.32 | 3.45 | 1.34 |
| Levered Free Cash Flow | 321.85M | 321.85M | 291.34M | 385.99M | 380.46M | 176.74M |
| Unlevered Free Cash Flow | 344.35M | 344.35M | 306.46M | 399.36M | 392.46M | 186.05M |
| Cash Interest Paid | 33.10M | 33.10M | 22.20M | 23.40M | 20.90M | 12.20M |
| Cash Income Tax Paid | 160.90M | 160.90M | 176.20M | 147.80M | 140.90M | 102.40M |
| Change in Working Capital | -83.00M | -83.00M | -100.20M | -16.60M | 82.00M | -203.70M |
Ratios
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.91B | 10.92B | 8.39B | 9.01B | 7.62B | 6.69B |
| Enterprise Value | 11.05B | 11.33B | 8.93B | 9.34B | 8.05B | 7.15B |
| Last Close Price | 82.96 | 93.93 | 70.75 | 72.40 | 59.86 | 51.02 |
| PE Ratio | 22.22 | 24.07 | 22.85 | 21.76 | 21.23 | 20.09 |
| Forward PE | 19.75 | 22.14 | 18.47 | 20.69 | 19.89 | 18.01 |
| PS Ratio | 2.55 | 2.81 | 2.27 | 2.51 | 2.22 | 2.02 |
| PB Ratio | 5.45 | 6.19 | 5.77 | 6.05 | 5.77 | 5.90 |
| P/TBV Ratio | 26.58 | 29.29 | 9.72 | 10.74 | 11.69 | 9.72 |
| P/FCF Ratio | 23.26 | 25.62 | 24.67 | 22.14 | 17.88 | 39.96 |
| P/OCF Ratio | 20.08 | 22.13 | 20.02 | 18.29 | 13.99 | 26.44 |
| PEG Ratio | 1.92 | 2.21 | 1.85 | 2.07 | 1.99 | 1.80 |
| EV/Sales Ratio | 2.84 | 2.92 | 2.42 | 2.60 | 2.35 | 2.16 |
| EV/EBITDA Ratio | 15.48 | 15.87 | 13.49 | 14.48 | 13.54 | 13.22 |
| EV/EBIT Ratio | 18.18 | 18.64 | 15.88 | 17.09 | 16.03 | 15.98 |
| EV/FCF Ratio | 25.91 | 26.57 | 26.27 | 22.96 | 18.91 | 42.77 |
| Debt / Equity Ratio | 0.78 | 0.78 | 0.50 | 0.40 | 0.54 | 0.61 |
| Debt / EBITDA Ratio | 1.82 | 1.82 | 1.04 | 0.88 | 1.15 | 1.22 |
| Debt / FCF Ratio | 3.24 | 3.24 | 2.15 | 1.47 | 1.68 | 4.14 |
| Net Debt / Equity Ratio | 0.64 | 0.64 | 0.38 | 0.24 | 0.40 | 0.44 |
| Net Debt / EBITDA Ratio | 1.59 | 1.59 | 0.83 | 0.57 | 0.89 | 0.92 |
| Net Debt / FCF Ratio | 2.66 | 2.66 | 1.62 | 0.90 | 1.24 | 2.99 |
| Asset Turnover | 1.12 | 1.12 | 1.25 | 1.26 | 1.28 | 1.32 |
| Inventory Turnover | 4.79 | 4.79 | 4.84 | 5.16 | 4.93 | 5.05 |
| Quick Ratio | 1.28 | 1.28 | 1.15 | 1.12 | 1.06 | 1.31 |
| Current Ratio | 2.08 | 2.08 | 1.93 | 1.84 | 1.70 | 2.23 |
| Return on Equity (ROE) | 28.21% | 28.21% | 24.94% | 29.47% | 29.24% | 29.32% |
| Return on Assets (ROA) | 10.91% | 10.91% | 11.94% | 12.02% | 11.70% | 11.19% |
| Return on Invested Capital (ROIC) | 18.84% | 19.21% | 21.74% | 22.82% | 22.09% | 21.86% |
| Return on Capital Employed (ROCE) | 19.10% | 19.10% | 25.30% | 25.60% | 24.90% | 22.70% |
| Earnings Yield | 4.50% | 4.15% | 4.38% | 4.60% | 4.71% | 4.98% |
| FCF Yield | 4.30% | 3.90% | 4.05% | 4.52% | 5.59% | 2.50% |
| Dividend Yield | 1.50% | 1.32% | 1.58% | 1.39% | 1.53% | 1.65% |
| Payout Ratio | 33.25% | 31.11% | 35.94% | 29.66% | 31.88% | 33.08% |
| Buyback Yield / Dilution | 2.08% | 2.08% | 1.79% | 0.81% | 1.28% | 2.34% |
| Total Shareholder Return | 3.57% | 3.39% | 3.37% | 2.20% | 2.80% | 3.99% |