DCI Industrials

Donaldson Company, Inc.

$85.90+0.67%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Industrials
Industry: Specialty Industrial Machinery
Country: United States
Market cap: 10.0B USD
Enterprise value: 11.3B USD
Full-time employees: 15,500

Overall health

Drawback: more debt relative to equity (0.75× vs a peer median of 0.40×)more debt vs equity (0.75× vs peers 0.40×)
About average: growth, valuation and risk (debt, liquidity and share-price swings)growth, valuation and risk

Ranks #726 of 2,308 industrials companies (top 32%)

See how it ranks against its peers

Worth knowing

Profit growing, cash flow isn't. Profit +26% since FY Jul 2023, operating cash flow −9.3%.
Donaldson's reported profit rose 26% since FY Jul 2023, but the cash its operations generate changed −9.3%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Donaldson's reported profit rose 26% since FY Jul 2023, but the cash its operations generate changed −9.3%. When profit and cash diverge like this, it's worth understanding why.
Borrowing rising faster than profit. Since FY Jul 2023: debt +102%, operating profit +25%.
Donaldson's debt grew 102% since FY Jul 2023 while operating profit changed +25%.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $2.9B in FY Jul 2021 to $3.9B in FY Jul 2026.
Donaldson's fiscal-year revenue rose in each of the five years to FY Jul 2026, from $2.9B to $3.9B.
Profit is backed by cash. Free cash flow is 94% of reported profit.
Donaldson's free cash flow is 94% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

60/ 100

Oct 5 59 → Nov 4 60 (+1)

Valuation

Is the price right?

49/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.6%

SEC filings · 12 months to Jul 2026Reported value30% base weight · Z-score 0.27Sector median: 0.0377 · MAD: 0.0294

EBITDA yield6.4%

SEC filings · 12 months to Jul 2026Reported value50% base weight · Z-score -0.13Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield4.3%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.16Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield17.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

57/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.1%

Why

Helped by:

▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth23.7%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.67Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth4.2%

SEC filings · 3 years to Jul 2026Reported value33% base weight · Z-score 0.00Sector median: 0.0421 · MAD: 0.0625

Revenue growth5.3%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.12Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

90/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin15.4%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 1.52Sector median: 0.0773 · MAD: 0.0507

Return on assets11.4%

SEC filings · 12 months to Jul 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.33Sector median: 0.0311 · MAD: 0.0241

Return on invested capital16.7%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 1.71Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin34.6%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity25.7%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: Changed: worth a look

Debt up 118%

Why it changed since the Oct 27, 2026 close: Safety percentile 44 → 43

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ Current ratio
▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.87

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.84Sector median: 0.6440 · MAD: 0.2745

Current ratio2.08×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.86Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.75×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.04Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Donaldson

Is Donaldson getting weaker?: Its latest SEC filing (Oct 6, 2026) showed no major changes: debt up 118%. Its overall score is unchanged at 60/100 since Oct 28, 2026.
How is Donaldson valued vs its peers?: Priced about in line with its peers. Valuation scores 49/100 against 2,459 industrials peers.
Is Donaldson growing?: At about the same pace as its peers. Growth scores 57/100 against 2,459 industrials peers. Earnings per share growth 23.7% vs a peer median of 7.1% (stronger than 70% of peers).Earnings per share growth 23.7% vs peers 7.1% (stronger than 70% of peers).
How profitable is Donaldson?: More profitable than most of its peers. Profitability scores 90/100 against 2,459 industrials peers. Return on assets 11.4% vs a peer median of 3.1% (stronger than 95% of peers).Return on assets 11.4% vs peers 3.1% (stronger than 95% of peers).
How risky is Donaldson?: Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 2.08× vs a peer median of 1.62× (stronger than 67% of peers).Current ratio 2.08× vs peers 1.62× (stronger than 67% of peers). Beta 0.87 vs a peer median of 0.64 (weaker than 67% of peers).Beta 0.87 vs peers 0.64 (weaker than 67% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 31, 2026 · filed Oct 6, 2026 · compared with the quarter ended Apr 30, 2026

No major changes

Debt up 118%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	3.8B USD	3.9B USD	+2.1%
Net income (12 months)	438.8M USD	454.0M USD	+3.5%
Operating margin	15.1%	15.4%	+0.3 pts
Free cash flow (12 months)	390.5M USD	426.3M USD	+9.2%
Debt	608.3M USD	1.3B USD	+118.3%
Cash	204.1M USD	250.4M USD	+22.7%
Shares outstanding	115.9M	115.9M	−0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Specialty Industrial Machinery · 42 companies

Valuations in Specialty Industrial Machinery are above their usual range since 2016.

75% of months since 2016 were valued lower than now.
46% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +21% and earnings +11% (medians): prices and earnings moved broadly together.
Median price-to-sales is +32% vs the whole market, against a usual −5%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Jul 2022	FY Jul 2023	FY Jul 2024	FY Jul 2025	FY Jul 2026	Change
Gross margin	32.3%	33.8%	35.5%	34.8%	34.6%	▼ 0.2 pts
Operating margin	13.4%	14.0%	15.2%	13.4%	15.4%	▲ 2.0 pts
Net margin	10.1%	10.5%	11.5%	9.9%	11.7%	▲ 1.7 pts
Return on assets (ROA)	12.8%	13.0%	14.2%	12.3%	11.4%	▼ 0.9 pts
Return on equity (ROE)	29.4%	27.2%	27.8%	25.2%	25.7%	▲ 0.5 pts
Free cash flow margin	5.1%	12.4%	11.3%	9.2%	11.0%	▲ 1.8 pts
Current ratio	2.23×	1.70×	1.84×	1.93×	2.08×	▲ 7.6%
Quick ratio	1.44×	1.15×	1.23×	1.25×	1.41×	▲ 12%
Debt to equity	0.57×	0.50×	0.36×	0.46×	0.75×	▲ 63%
Interest coverage	29.77×	25.01×	25.43×	20.47×	16.66×	▼ 19%

DCI price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

One and one Green Technologies. IncYDDL95/ 100

Prored Partners CO.,LTD.7034.T94/ 100

Promotora y Operadora de Infraestructura, S. A. B. de C. V.PINFRA.MX93/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: more debt relative to equity (0.75× vs a peer median of 0.40×)more debt vs equity (0.75× vs peers 0.40×)

About average: growth, valuation and risk (debt, liquidity and share-price swings)growth, valuation and risk

Ranks #726 of 2,308 industrials companies (top 32%)

See how it ranks against its peers

Worth knowing

Profit growing, cash flow isn't. Profit +26% since FY Jul 2023, operating cash flow −9.3%.

Donaldson's reported profit rose 26% since FY Jul 2023, but the cash its operations generate changed −9.3%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Donaldson's reported profit rose 26% since FY Jul 2023, but the cash its operations generate changed −9.3%. When profit and cash diverge like this, it's worth understanding why.

Borrowing rising faster than profit. Since FY Jul 2023: debt +102%, operating profit +25%.

Donaldson's debt grew 102% since FY Jul 2023 while operating profit changed +25%.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $2.9B in FY Jul 2021 to $3.9B in FY Jul 2026.

Donaldson's fiscal-year revenue rose in each of the five years to FY Jul 2026, from $2.9B to $3.9B.

Profit is backed by cash. Free cash flow is 94% of reported profit.

Donaldson's free cash flow is 94% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about Donaldson

Is Donaldson getting weaker?

Its latest SEC filing (Oct 6, 2026) showed no major changes: debt up 118%. Its overall score is unchanged at 60/100 since Oct 28, 2026.

How is Donaldson valued vs its peers?

Priced about in line with its peers. Valuation scores 49/100 against 2,459 industrials peers.

Is Donaldson growing?

At about the same pace as its peers. Growth scores 57/100 against 2,459 industrials peers. Earnings per share growth 23.7% vs a peer median of 7.1% (stronger than 70% of peers).Earnings per share growth 23.7% vs peers 7.1% (stronger than 70% of peers).

How profitable is Donaldson?

More profitable than most of its peers. Profitability scores 90/100 against 2,459 industrials peers. Return on assets 11.4% vs a peer median of 3.1% (stronger than 95% of peers).Return on assets 11.4% vs peers 3.1% (stronger than 95% of peers).

How risky is Donaldson?

Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 2.08× vs a peer median of 1.62× (stronger than 67% of peers).Current ratio 2.08× vs peers 1.62× (stronger than 67% of peers). Beta 0.87 vs a peer median of 0.64 (weaker than 67% of peers).Beta 0.87 vs peers 0.64 (weaker than 67% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

3.8B USD

3.9B USD

+2.1%

Net income (12 months)

438.8M USD

454.0M USD

+3.5%

Operating margin

15.1%

15.4%

+0.3 pts

Free cash flow (12 months)

390.5M USD

426.3M USD

+9.2%

Debt

608.3M USD

1.3B USD

+118.3%

Cash

204.1M USD

250.4M USD

+22.7%

Shares outstanding

115.9M

115.9M

−0.0%

Key ratios

FY Jul 2022

FY Jul 2023

FY Jul 2024

FY Jul 2025

FY Jul 2026

Change

Gross margin

32.3%

33.8%

35.5%

34.8%

34.6%

▼ 0.2 pts

Operating margin

13.4%

14.0%

15.2%

13.4%

15.4%

▲ 2.0 pts

Net margin

10.1%

10.5%

11.5%

9.9%

11.7%

▲ 1.7 pts

Return on assets (ROA)

12.8%

13.0%

14.2%

12.3%

11.4%

▼ 0.9 pts

Return on equity (ROE)

29.4%

27.2%

27.8%

25.2%

25.7%

▲ 0.5 pts

Free cash flow margin

5.1%

12.4%

11.3%

9.2%

11.0%

▲ 1.8 pts

Current ratio

2.23×

1.70×

1.84×

1.93×

2.08×

▲ 7.6%

Quick ratio

1.44×

1.15×

1.23×

1.25×

1.41×

▲ 12%

Debt to equity

0.57×

0.50×

0.36×

0.46×

0.75×

▲ 63%

Interest coverage

29.77×

25.01×

25.43×

20.47×

16.66×

▼ 19%