NDSNNasdaqGeneral Industrial Machinery & Equipment, NECFiscal year ends October 31
NORDSON CORP
Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 20, 2026
$323.88+1.57 (+0.49%)
Close on Oct 19, 2026
- Market cap
- $18.15B
- P/E (TTM)
- 32.7
- Dividend yield
- 0.98%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
55.2%+1.9 pts over 5 years
Operating margin
25.5%+9.0 pts over 5 years
Net margin
17.4%+5.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.8% | +2.5% | +5.6% | +5.2% | |
| Gross profit | +3.6% | +2.6% | +6.4% | +5.4% | |
| Operating income | +5.6% | +0.4% | +15.3% | +8.4% | |
| Net income | +3.7% | -1.9% | +14.2% | +8.7% | |
| EPS, diluted | +4.9% | -1.1% | +14.8% | +9.4% | |
| Free cash flow | +34.4% | +12.7% | +7.9% | +12.7% | |
| Dividend per share | +12.1% | +13.2% | +15.6% | +13.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 36.0% | 14.9% | 16.2% | |
| Return on assets | 11.4% | 6.9% | 8.1% | |
| Current ratio | 2.25 | 2.81 | 1.64 | |
| Debt to equity | 1.15 | 0.63 | 0.66 | |
| Net debt to EBITDA | – | – | 2.39× | |
| Interest coverage | 18.2× | 10.9× | 6.8× | |
| Inventory turnover | 3.7× | 3.5× | 2.7× | |
| Capex to revenue | 3.4% | 2.4% | 2.1% | |
| Diluted shares | 58M | 58M | 57M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Nordson generated $2.98B from operations and spent $1.71B on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
$2.98B
Used
$1.71B
Capital expenditure$246.78M14%Dividends$714.46M42%Share buybacks$753.25M44%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin17.4%
×Asset turnover0.47×
×Equity multiplier1.99×
=Return on equity, FY202516.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 17.4% | 0.47× | 1.99× | 16.2% |
| FY2024 | 17.4% | 0.48× | 2.03× | 16.9% |
| FY2023 | 18.5% | 0.58× | 1.85× | 19.9% |
| FY2022 | 19.8% | 0.68× | 1.71× | 23.0% |
| FY2021 | 19.2% | 0.63× | 1.91× | 23.2% |
| FY2020 | 11.8% | 0.59× | 2.15× | 14.9% |
| FY2019 | 15.4% | 0.63× | 2.29× | 22.2% |
| FY2018 | 16.7% | 0.66× | 2.62× | 29.0% |
| FY2017 | 14.3% | 0.71× | 2.91× | 29.5% |
| FY2016 | 15.0% | 0.76× | 3.16× | 36.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$484.47M
- Cash generatingOperating cash flow above zero$719.18M
- Return on assets improvedROA up on the prior year8.9% → 8.1%
- Earnings backed by cashOperating cash flow above net income$719.18M vs $484.47M
- Less leverageLong-term debt to assets fell35.0% → 28.4%
- Better liquidityCurrent ratio rose2.41 → 1.64
- No dilutionShare count did not rise58M → 57M
- Gross margin improvedGross margin up on the prior year55.25% → 55.16%
- More efficientAsset turnover rose0.51 → 0.47