DONALDSON Co INC DCI

Industrials SIC 3564 - Industrial & Commercial Fans & Blowers & Air Purifing Equip NAICS Manufacturing › Machinery Manufacturing › Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing › Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing derived NYSE

Founded in 1915, Donaldson Company, Inc. (the Company or Donaldson) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Donaldson's diverse and skilled employees at more than 150 locations on six continents, 77 of which are manufacturing and/or distribution centers, partner with customers — from small business owners to the world's largest original equipment manufacturer (OEM) brands — to solve complex filtration challenges. Customers choose Donaldson's filtration solutions due to their stringent technical and performance requirements, the need for reliability and the value proposition of Donaldson's solutions and/or services.

Last close 84.79 2026-10-23
Market cap $9.83B 2026-04-30 share count
52-week range 79.61 - 112.84

Valuation FY2025 figures against the last close

P/S2.7x
P/E27.8x
P/FCF28.9x
EV/EBITDA17.3x
Dividend yield1.3%
Diluted EPS3.05

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S. and Canada
  • Europe, Middle East and Africa (EMEA)
  • Asia Pacific (APAC)
  • Latin America (LATAM)
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 U.S. and Canada, FY2025: 1.6B (44.2%) 44% U.S. and Canada Europe, Middle East and Africa (EMEA), FY2025: 1B (27.8%) 28% Europe, Middle East and Africa (EMEA) Asia Pacific (APAC), FY2025: 635.7M (17.2%) 17% Asia Pacific (APAC) Latin America (LATAM), FY2025: 395.7M (10.7%) 11% FY2024 U.S. and Canada, FY2024: 1.6B (44.1%) 44% Europe, Middle East and Africa (EMEA), FY2024: 1B (28.2%) 28% Asia Pacific (APAC), FY2024: 601.5M (16.8%) 17% Latin America (LATAM), FY2024: 388.8M (10.8%) 11% FY2023 U.S. and Canada, FY2023: 1.5B (42.7%) 43% Europe, Middle East and Africa (EMEA), FY2023: 1B (29.4%) 29% Asia Pacific (APAC), FY2023: 608.8M (17.7%) 18% Latin America (LATAM), FY2023: 349.5M (10.2%) 10%
Region FY2025FY2024FY2023
U.S. and Canada $1.63B $1.58B $1.46B
Europe, Middle East and Africa (EMEA) $1.03B $1.01B $1.01B
Asia Pacific (APAC) $635.7M $601.5M $608.8M
Latin America (LATAM) $395.7M $388.8M $349.5M

As the company reported it, from the “Revenue (Disaggregation of Revenue by Geographic Region) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.69B$3.59B$3.43B$3.31B$2.85B$2.58B$2.84B$2.73B$2.37B$2.22B
Cost of revenue $2.40B$2.31B$2.27B$2.24B$1.88B$1.71B$1.90B$1.80B$1.55B$1.47B
Gross profit $1.29B$1.27B$1.16B$1.07B$971.7M$871.6M$948.3M$935.8M$820.9M$754.8M
R&D $87.8M$93.6M$78.1M$69.1M$67.8M$61.2M$62.3M$59.9M$54.7M$55.5M
SG&A $641.0M$636.7M$602.3M$554.8M$519.2M$470.3M$497.8M———
Total operating expenses $790.8M$730.3M$680.4M$623.9M$587.0M$531.5M$560.1M———
Operating income $495.4M$544.1M$480.2M$443.5M$384.7M$340.1M$388.2M$377.0M$323.6M$274.2M
Interest expense $24.2M$21.4M$19.2M$14.9M$13.0M$17.4M$19.9M$21.3M$19.5M$20.7M
Pre-tax income $492.2M$535.3M$468.7M$438.4M$381.0M$335.2M$375.2M$363.6M$322.0M$257.4M
Income tax $125.2M$121.3M$109.9M$105.6M$94.1M$78.2M$108.0M$183.3M$89.2M$66.6M
Net income $367.0M$414.0M$358.8M$332.8M$286.9M$257.0M$267.2M$180.3M$232.8M$190.8M
EPS, basic 3.093.432.952.692.272.032.081.381.761.43
EPS, diluted 3.053.382.902.662.242.002.051.361.741.42
Shares, diluted (wtd. avg.) 120.4M122.6M123.6M125.2M128.2M128.3M130.3M132.2M134.1M134.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $180.4M$232.7M$187.1M$193.3M$222.8M$236.6M$177.8M$204.7M$308.4M$243.2M
Short-term investments —————————$0
Receivables $662.2M$629.7M$599.7M$616.6M$552.7M$455.3M$529.5M$534.6M$497.7M$452.4M
Inventory $513.6M$476.7M$418.1M$502.4M$384.5M$322.7M$332.8M$334.1M$293.5M$234.1M
Total current assets $1.46B$1.44B$1.29B$1.41B$1.24B$1.10B$1.12B$1.13B$1.15B$1.01B
Property, plant and equipment $644.5M$645.5M$652.9M$594.4M$617.8M$631.6M$588.9M$509.3M$484.6M$469.8M
Goodwill $493.6M$478.4M$481.1M$345.8M$322.5M$316.8M$303.1M$238.4M$238.1M$229.3M
Other intangibles $97.4M$171.9M$188.1M$99.8M$61.6M$67.3M$70.9M$35.6M$40.6M$38.5M
Total assets $2.98B$2.91B$2.77B$2.60B$2.40B$2.24B$2.14B$1.98B$1.98B$1.79B
Accounts payable $368.6M$379.4M$304.9M$338.5M$293.9M$187.7M$237.5M$201.3M$194.0M$143.3M
Short-term debt $31.2M$28.3M$34.1M$3.7M$48.5M$3.8M$2.1M$28.2M$23.3M$165.5M
Total current liabilities $757.2M$782.5M$756.4M$629.6M$606.6M$406.8M$482.9M$469.4M$484.1M$543.8M
Long-term debt $640.0M$510.0M$623.4M$646.7M$463.3M$625.0M$634.6M$514.9M$587.9M$403.0M
Total liabilities $1.52B$1.43B$1.45B$1.47B$1.26B$1.24B$1.24B$1.12B$1.13B$1.02B
Retained earnings $2.61B$2.38B$2.09B$1.85B$1.61B$1.43B$1.28B$1.12B$1.04B$905.1M
Total equity $1.45B$1.49B$1.32B$1.13B$1.14B$992.9M$892.7M$857.8M$854.5M$771.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $418.8M$492.5M$544.5M$252.8M$401.9M$387.0M$345.8M$262.9M$317.8M$291.3M
Depreciation and amortisation $99.5M$98.4M$92.3M$93.8M$95.3M$87.6M$81.1M$76.7M$75.2M$74.9M
Stock-based compensation $24.0M$22.0M$20.4M$20.4M$14.2M$15.2M$15.0M$16.7M$9.1M$7.3M
Capital expenditure $78.9M$85.6M$118.5M$85.5M$59.0M$124.4M$150.7M$97.5M$65.9M$72.9M
Investing cash flow -$150.4M-$86.9M-$327.3M-$154.0M-$58.3M-$128.9M-$246.4M-$95.4M-$95.7M-$55.6M
Financing cash flow -$321.7M-$355.9M-$222.2M-$114.2M-$363.3M-$199.5M-$123.3M-$268.8M-$165.2M-$180.2M
Dividends paid $131.9M$122.8M$114.4M$110.1M$107.2M$106.4M$99.7M$94.7M$92.4M$91.2M
Buybacks $331.5M$162.7M$141.8M$170.6M$142.2M$94.3M$129.2M$122.0M$140.4M$84.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000029644-25-000098.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 2.2B Gross profit, FY2016: 754.8M Net income, FY2016: 190.8M Revenue, FY2017: 2.4B Gross profit, FY2017: 820.9M Net income, FY2017: 232.8M Revenue, FY2018: 2.7B Gross profit, FY2018: 935.8M Net income, FY2018: 180.3M Revenue, FY2019: 2.8B Gross profit, FY2019: 948.3M Net income, FY2019: 267.2M Revenue, FY2020: 2.6B Gross profit, FY2020: 871.6M Net income, FY2020: 257M Revenue, FY2021: 2.9B Gross profit, FY2021: 971.7M Net income, FY2021: 286.9M Revenue, FY2022: 3.3B Gross profit, FY2022: 1.1B Net income, FY2022: 332.8M Revenue, FY2023: 3.4B Gross profit, FY2023: 1.2B Net income, FY2023: 358.8M Revenue, FY2024: 3.6B Gross profit, FY2024: 1.3B Net income, FY2024: 414M Revenue, FY2025: 3.7B Gross profit, FY2025: 1.3B Net income, FY2025: 367M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.22B $2.37B $2.73B $2.84B $2.58B $2.85B $3.31B $3.43B $3.59B $3.69B
Gross profit $754.8M $820.9M $935.8M $948.3M $871.6M $971.7M $1.07B $1.16B $1.27B $1.29B
Net income $190.8M $232.8M $180.3M $267.2M $257.0M $286.9M $332.8M $358.8M $414.0M $367.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3564

TickerCompanyMarket capP/ERevenue growth
CECO CECO ENVIRONMENTAL CORP $2.87B 35.8x 38.8%
PPIH Perma-Pipe International Holdings, Inc. $232.6M 13.7x 33.2%
FTEK FUEL TECH, INC. $42.8M — 6.1%