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Donaldson Co Inc (DCI) stock

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NYSE: DCI NYSE Industrial Machinery & Supplies & Components Next results ~December 3, 2026

C+ Fundamentals grade

Donaldson Co Inc is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in July.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$59

Cash-flow model

Base case. Range ~$42–$82 across our lower- and higher-growth cases (-0.2%–9.8% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 30% below it.

Price used: $85.33, November 2, 2026

Donaldson Co Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 11 sales by directors and officers, last 12 monthsInsider trades
  • Funds281 adding, 273 cuttingOf 63 active managers that changed their stake, 29 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Donaldson files

Where Donaldson Co stands after its latest 10-K

Revenue for the twelve months to July 2026 was $3.89bn, up 5.3% on a year earlier, faster than 4.4% a quarter earlier. Free-cash-flow margin rose to 11.0% from 9.2% a year earlier. Operating margin widened to 15.4% from 13.4%. The diluted share count is down 2.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $54.57 a share, against a share price of $87.51. At that price, our model says the market is pricing in about 12.2% a year of cash-flow growth for five years, faster than the 6.4% a year revenue growth it has delivered.

Source: 10-K filed September 25, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 3, 2026 (estimated)

Donaldson Co Inc's trailing-twelve-month revenue grew 5.3% year on year, with a free-cash-flow margin of 11.0%. Where it stands out: change in share count of -2.1% ranks 13 of 73 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$59 per share in the base case (~$42–$82 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Long-term debt rising: Long-term debt rose 100% year over year, to 32% of total assets.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.1% in a year, so each share owns more of the business.

Things to watch

  • Priced above our value. The share price of $85.33 is 30% above our value per share of $59.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 32.2% ranks 46 of 59 industrial machinery & supplies & components companies we cover (median 23.4%).
  • Below peers: revenue growth. Revenue growth of 5.3% ranks 57 of 75 industrial machinery & supplies & components companies we cover (median 8.3%).

Latest results: FY2026 Q4

Filed September 25, 2026
Earnings per share
$1.15 against an average estimate of $1.13: beat by 2.1%
Revenue
$1.06bn, up 8.0% on a year earlier
Share reaction
-0.9% in the first session after the results on August 26, 2026, against +0.7% for the S&P 500
Guidance given
sales growth growth 5.5% to 9.5% (fiscal 2027); EPS $4.22 to $4.38 (fiscal 2027)
Next report
August 26, 2026; average EPS estimate $0.97

Donaldson's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.9%
  • 1 week-0.2%
  • 1 month-3.7%
  • This year-2.8%
  • 1 year+2.6%
  • 5 years+50.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.9B
Operating margin
15.4%
Net margin
11.7%
EPS (TTM, diluted)
$3.85

Growth

Revenue growth
+5.3%
Change in growth rate
+0.8 pts
Share count change
−2.1%

Cash

Free cash flow (TTM)
$426M
FCF margin
11.0%
Stock pay % of revenue
0.6%

Earnings

Last results
August 26, 2026
Next results (est.)
December 3, 2026

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Agreement
  3. Leadership
  4. Insider trade
  5. Results
  6. Guidance
  7. Dividend
  8. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Donaldson Co Inc valuation models and calculator

What the price is pricing in

The share price implies about 10.9% a year of cash-flow growth for five years.That is close to the 6.4% a year revenue growth Donaldson has delivered.

  • Priced in10.9%
  • Last 12 months5.3%
  • 3 years a year4.2%
  • 5 years a year6.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($86.00, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$59
Price used
$86.00close November 3, 2026
Implied change
▼ 31%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Donaldson Co Inc's free cash flow after stock-based pay with after-tax interest added back ($406M, FY2026 Q4 TTM), growing 7% and 4.8% in the next two years (forecasts, guidance and its record), then back to 4.8% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$42–~$82 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Donaldson Co Inc's free cash flow after stock-based pay ( $406M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Donaldson Co Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.94 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$59 ~$42–$82 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$84 ~$76–$110 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$78 ~$58–$110 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$61 ~$53–$73 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$68 ~$59–$84 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Donaldson Co Inc with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −28%
  • Revenue growth 5 points higher ▲ +37%
  • Free-cash-flow margin 1 point lower ▼ −10%
  • Last year's free-cash-flow margin change, if it persists ▲ +21%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $41$58$82$113$154$206
8.5% $29$42$59$81$110$147
10% $22$32$45$62$84$112

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$30.80$41.17$42.00$44.69$43.98$61.12$51.02$59.86$72.40$70.75$93.93
Market value$4.2bn$5.5bn$5.6bn$5.8bn$5.6bn$7.8bn$6.4bn$7.4bn$8.9bn$8.5bn$11.1bn
+ Net debt (− = net cash)$325m$303m$338m$459m$392m$289m$457m$470m$306m$491m$1.1bn
Enterprise value$4.5bn$5.8bn$5.9bn$6.3bn$6.0bn$8.1bn$6.8bn$7.9bn$9.2bn$9.0bn$12.2bn
Multiples
Price / sales 1.9x2.3x2.0x2.0x2.2x2.7x1.9x2.2x2.5x2.3x2.8x
Price / earnings 21.8x23.7x30.8x21.8x22.0x27.3x19.2x20.6x21.4x23.2x24.4x
Price / free cash flow 19.0x21.9x33.6x29.8x21.5x22.8x38.2x17.4x21.8x25.1x26.0x
EV / EBITDA 12.8x14.6x13.0x13.4x14.1x16.9x12.7x13.7x14.3x15.1x17.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

80 /100

Strong moat

How hard Donaldson's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 18.7% of total assets over 5 years.

  • Pricing power 12 / 20

    Gross margin has been a median 34.1%, moving by 0.9 percentage points (standard deviation) across 10 years.

  • Durability 14 / 20

    Operating margin has been a median 13.6%; its worst year was 13.2%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 10 of 10 years, at a median 10.4% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 8.0% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.33 +9% $4.2bn +8%
Next $4.86 +12% $4.4bn +5%

Next year's EPS estimate has moved −0.3% in 90 days, across 8 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.0% on 90 days ago. In the last 30 days, 0 analysts raised Donaldson Co Inc's forecast and 0 cut it.

Consensus EPS forecast Donaldson Co Inc, last 90 days
$4.20 $4.40 $4.60 $4.80 $5.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.37 Current fiscal year, 60 days ago: $4.38 Current fiscal year, 30 days ago: $4.33 Current fiscal year, 7 days ago: $4.33 Current fiscal year, Now: $4.33 $4.33 Next fiscal year, 90 days ago: $4.87 Next fiscal year, 60 days ago: $4.84 Next fiscal year, 30 days ago: $4.85 Next fiscal year, 7 days ago: $4.86 Next fiscal year, Now: $4.86 $4.86

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.37$4.87
60 days ago $4.38$4.84
30 days ago $4.33$4.85
7 days ago $4.33$4.86
Now $4.33$4.86

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $1.13 $1.15 +2.1%
Apr 2026 $1.05 $1.06 +1.2%
Jan 2026 $0.89 $0.83 −6.6%
Oct 2025 $0.92 $0.94 +1.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 26, 2026
  • Sales growth fiscal 2027 5.5% growth to 9.5% growth
    “Sales are projected to increase between 5.5% and 9.5%, including an approximate 2% benefit from Facet sales, pricing of 2%, and a foreign currency translation tailwind of 1%.” source
  • EPS fiscal 2027 $4.22 to $4.38
    “Full-year EPS is forecast to be between $4.22 and $4.38, including approximately $0.12 of dilution from Facet and compared with fiscal 2026 GAAP and adjusted EPS of $3.85 and $3.98, respectively.” source
  • Operating margin fiscal 2027 16.6% to 17.2%
    “Operating margin is expected to be between 16.6% and 17.2% versus 15.4%, or 16.0% on an adjusted basis, in 2026, driven by gross margin expansion, partially offset by expense deleveraging, largely as a result of the full-year impact of Facet run-rate expenses as well as higher amortization expense.” source
  • Mobile sales · Mobile Solutions fiscal 2027 2% growth to 6% growth
    “Mobile sales are expected to increase 2% to 6% year over year.” source
  • Aerospace and Defense sales fiscal 2027 about 50% growth
    “Aerospace and Defense sales are projected to increase over 50%, driven by incremental Facet sales.” source
  • Life Sciences sales fiscal 2027 7% growth to 11% growth
    “Life Sciences sales are projected to grow between 7% and 11% compared with prior year from continued strength in Food & Beverage and Disk Drive volume growth.” source
Show 5 more items
  • Interest expense fiscal 2027 $55m to $60m
    “Interest expense is projected to be between $55 million and $60 million, compared with $36 million in 2026, driven by higher debt levels from the Facet acquisition, and other income is expected to be between $16 million and $20 million.” source
  • Other income, net fiscal 2027 $16m to $20m
    “Interest expense is projected to be between $55 million and $60 million, compared with $36 million in 2026, driven by higher debt levels from the Facet acquisition, and other income is expected to be between $16 million and $20 million.” source
  • Effective income tax rate fiscal 2027 23.5% to 25.5%
    “Donaldson expects a fiscal 2027 effective income tax rate of between 23.5% and 25.5%.” source
  • Capital expenditures fiscal 2027 $70m to $90m
    “Capital expenditures are forecast to be between $70 million and $90 million and free cash flow conversion is projected to be between 95% and 105%.” source
  • Free cash flow conversion fiscal 2027 95% to 105%
    “Capital expenditures are forecast to be between $70 million and $90 million and free cash flow conversion is projected to be between 95% and 105%.” source

How earlier guidance turned out

  • Capital expenditures forecast, fiscal 2026 guided $60m to $75m Within range: $67.4m

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Donaldson Co Inc's revenue by +7.0% next year and +4.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+7.9%, weight 53%) , management guidance (+7.5%, weight 20%) and the company's own record (+4.8%, weight 27%) . How the weights are set.

Analyst recommendations

8 analysts, Oct 2026
Buy225%
Hold563%
Sell113%

Monthly trend

  1. Oct 20262518
  2. Sep 20262518
  3. Aug 20262518
  4. Jul 20262518

Counts of recommendations published by analysts covering Donaldson Co Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
4.86
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
0.6%
of shares
Employees
15,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +2.6%

$83.17 on October 31, 2025 to $85.33

ThenNowEffect
Revenue (last 12 months) $3.7bn $3.9bn +5.3%
Net margin 9.9% 11.7% +17.5%
P/E multiple 27.3x 22.2x −18.7%
Share count 120m 118m +2.1%

Biggest factor: p/e multiple.

Last 3 years +49.7%

$57.02 on November 3, 2023 to $85.33

ThenNowEffect
Revenue (last 12 months) $3.4bn $3.9bn +13.3%
Net margin 10.5% 11.7% +11.7%
P/E multiple 19.6x 22.2x +12.9%
Share count 124m 118m +4.8%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DCI+8%+1%+13%+5%+34%−3%
Industry peers (median)+19%−15%+21%+2%+9%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DCI58%33%67%50%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DCI−20%−22%−14%−14%−18%−26%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 43% from December 23, 2019 to March 23, 2020. Getting back needed a 75% gain, reached on January 6, 2021, 289 days after the low.

Price behaviour

52-week range
$80.98 – $109.50
From 52-week high
−22.1%
vs 50-day average
−3.1%
vs 200-day average
−5.4%
Volatility (1 year)
26%
Beta vs S&P 500
0.88

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±4.4%
After a week
8 up, 4 down
typical move ±5.5%
After a month
6 up, 6 down
typical move ±7.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 26, 2026 −0.9% +0.7% −3.6% −6.3%
June 2, 2026 +4.2% −0.6% +5.3% +9.3%
February 26, 2026 −11.2% −1.0% −12.2% −19.7%
December 4, 2025 +5.9% +0.3% +6.6% +5.5%
August 27, 2025 +5.9% +0.6% +6.6% +7.1%
June 3, 2025 +0.5% +0.5% +2.0% +3.5%
February 27, 2025 −0.2% −0.1% +0.3% −3.1%
December 3, 2024 −6.0% +0.7% −6.7% −12.2%
August 28, 2024 −3.9% −0.6% −5.7% −0.8%
June 4, 2024 +3.7% +1.3% +2.5% −2.2%
February 28, 2024 +6.7% +0.2% +9.4% +11.2%
November 29, 2023 +3.5% +0.3% +4.5% +11.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Donaldson Co Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Donaldson Co Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Donaldson Co Inc
$3.4B $3.6B $3.8B $4B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $3.4B Revenue (TTM), FY24 Q2: $3.5B Revenue (TTM), FY24 Q3: $3.5B Revenue (TTM), FY24 Q4: $3.6B Revenue (TTM), FY25 Q1: $3.6B Revenue (TTM), FY25 Q2: $3.6B Revenue (TTM), FY25 Q3: $3.6B Revenue (TTM), FY25 Q4: $3.7B Revenue (TTM), FY26 Q1: $3.7B Revenue (TTM), FY26 Q2: $3.8B Revenue (TTM), FY26 Q3: $3.8B Revenue (TTM), FY26 Q4: $3.9B $3.9B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $3.4B
FY24 Q2 $3.5B
FY24 Q3 $3.5B
FY24 Q4 $3.6B
FY25 Q1 $3.6B
FY25 Q2 $3.6B
FY25 Q3 $3.6B
FY25 Q4 $3.7B
FY26 Q1 $3.7B
FY26 Q2 $3.8B
FY26 Q3 $3.8B
FY26 Q4 $3.9B
Revenue growth, TTM YoY Donaldson Co Inc
0% 2% 4% 6% 8% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 1.1% Revenue growth, TTM YoY, FY24 Q2: 1.7% Revenue growth, TTM YoY, FY24 Q3: 2.6% Revenue growth, TTM YoY, FY24 Q4: 4.5% Revenue growth, TTM YoY, FY25 Q1: 6.1% Revenue growth, TTM YoY, FY25 Q2: 4.5% Revenue growth, TTM YoY, FY25 Q3: 3.3% Revenue growth, TTM YoY, FY25 Q4: 2.9% Revenue growth, TTM YoY, FY26 Q1: 2.4% Revenue growth, TTM YoY, FY26 Q2: 3.3% Revenue growth, TTM YoY, FY26 Q3: 4.4% Revenue growth, TTM YoY, FY26 Q4: 5.3% 5.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 1.1%
FY24 Q2 1.7%
FY24 Q3 2.6%
FY24 Q4 4.5%
FY25 Q1 6.1%
FY25 Q2 4.5%
FY25 Q3 3.3%
FY25 Q4 2.9%
FY26 Q1 2.4%
FY26 Q2 3.3%
FY26 Q3 4.4%
FY26 Q4 5.3%
Operating margin (TTM) Donaldson Co Inc
13% 14% 15% 16% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 14.2% Operating margin (TTM), FY24 Q2: 14.3% Operating margin (TTM), FY24 Q3: 14.7% Operating margin (TTM), FY24 Q4: 15.2% Operating margin (TTM), FY25 Q1: 15.1% Operating margin (TTM), FY25 Q2: 15.0% Operating margin (TTM), FY25 Q3: 13.4% Operating margin (TTM), FY25 Q4: 13.4% Operating margin (TTM), FY26 Q1: 13.8% Operating margin (TTM), FY26 Q2: 13.5% Operating margin (TTM), FY26 Q3: 15.1% Operating margin (TTM), FY26 Q4: 15.4% 15.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 14.2%
FY24 Q2 14.3%
FY24 Q3 14.7%
FY24 Q4 15.2%
FY25 Q1 15.1%
FY25 Q2 15.0%
FY25 Q3 13.4%
FY25 Q4 13.4%
FY26 Q1 13.8%
FY26 Q2 13.5%
FY26 Q3 15.1%
FY26 Q4 15.4%
FCF margin (TTM) Donaldson Co Inc
8% 10% 12% 14% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 13.1% FCF margin (TTM), FY24 Q2: 12.8% FCF margin (TTM), FY24 Q3: 13.2% FCF margin (TTM), FY24 Q4: 11.3% FCF margin (TTM), FY25 Q1: 9.3% FCF margin (TTM), FY25 Q2: 9.5% FCF margin (TTM), FY25 Q3: 8.1% FCF margin (TTM), FY25 Q4: 9.2% FCF margin (TTM), FY26 Q1: 10.8% FCF margin (TTM), FY26 Q2: 9.3% FCF margin (TTM), FY26 Q3: 10.3% FCF margin (TTM), FY26 Q4: 11.0% 11.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 13.1%
FY24 Q2 12.8%
FY24 Q3 13.2%
FY24 Q4 11.3%
FY25 Q1 9.3%
FY25 Q2 9.5%
FY25 Q3 8.1%
FY25 Q4 9.2%
FY26 Q1 10.8%
FY26 Q2 9.3%
FY26 Q3 10.3%
FY26 Q4 11.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Donaldson took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $3.9B
  2. Cost of revenue $2.5B · 65.4%
  3. Gross profit $1.3B · 34.6%
  4. Research and development $76.1M · 2.0%
  5. Selling, general and admin $679M · 17.5%
  6. Operating income $600M · 15.4%
  7. Income tax $132M · 3.4%
  8. Net income $454M · 11.7%

Shares of revenue. Source: Donaldson's 10-K for FY2026, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jul 2010 2011 Jul 2011 2012 Jul 2012 2013 Jul 2013 2014 Jul 2014 2015 Jul 2015 2016 Jul 2016 2017 Jul 2017 2018 Jul 2018 2019 Jul 2019 2020 Jul 2020 2021 Jul 2021 2022 Jul 2022 2023 Jul 2023 2024 Jul 2024 2025 Jul 2025 2026 Jul 2026
Income
Revenue 1,877 2,294 2,493 2,437 2,474 2,371 2,220 2,372 2,734 2,845 2,582 2,854 3,307 3,431 3,586 3,691 3,886
Gross profit 659 814 874 847 878 809 755 821 936 948 872 972 1,067 1,161 1,274 1,286 1,346
EBITDA 297 376 424 408 423 363 349 399 454 469 428 480 537 573 643 595 706
Operating income 238 315 363 343 356 288 274 324 377 388 340 385 444 480 544 495 600
Net income 166 225 264 247 260 208 191 233 180 267 257 287 333 359 414 367 454
Diluted EPS $1.05 $1.43 $1.73 $1.64 $1.76 $1.49 $1.42 $1.74 $1.36 $2.05 $2.00 $2.24 $2.66 $2.90 $3.38 $3.05 $3.85
Growth (year on year)
Revenue +0.5% +22.2% +8.7% −2.3% +1.5% −4.1% −6.4% +6.8% +15.3% +4.0% −9.2% +10.5% +15.9% +3.8% +4.5% +2.9% +5.3%
EBITDA +30.2% +26.3% +12.9% −3.9% +3.7% −14.3% −3.7% +14.2% +13.8% +3.4% −8.9% +12.2% +11.9% +6.6% +12.2% −7.4% +18.7%
Operating income +40.2% +32.3% +15.1% −5.4% +3.6% −18.9% −4.9% +18.0% +16.5% +3.0% −12.4% +13.1% +15.3% +8.3% +13.3% −9.0% +21.1%
Net income +26.0% +35.6% +17.3% −6.4% +5.2% −20.0% −8.3% +22.0% −22.6% +48.2% −3.8% +11.6% +16.0% +7.8% +15.4% −11.4% +23.7%
Diluted EPS +25.7% +36.2% +21.0% −5.2% +7.3% −15.3% −4.7% +22.5% −21.8% +50.7% −2.4% +12.0% +18.8% +9.0% +16.6% −9.8% +26.2%
Margins
Gross margin 35.1% 35.5% 35.0% 34.8% 35.5% 34.1% 34.0% 34.6% 34.2% 33.3% 33.8% 34.0% 32.3% 33.8% 35.5% 34.8% 34.6%
EBITDA margin 15.8% 16.4% 17.0% 16.7% 17.1% 15.3% 15.7% 16.8% 16.6% 16.5% 16.6% 16.8% 16.2% 16.7% 17.9% 16.1% 18.2%
Operating margin 12.7% 13.7% 14.6% 14.1% 14.4% 12.2% 12.3% 13.6% 13.8% 13.6% 13.2% 13.5% 13.4% 14.0% 15.2% 13.4% 15.4%
Net margin 8.9% 9.8% 10.6% 10.2% 10.5% 8.8% 8.6% 9.8% 6.6% 9.4% 10.0% 10.1% 10.1% 10.5% 11.5% 9.9% 11.7%
Free-cash-flow margin 8.5% 8.1% 7.3% 9.1% 8.9% 5.0% 9.8% 10.6% 6.0% 6.9% 10.2% 12.0% 5.1% 12.4% 11.3% 9.2% 11.0%
Cash flow
Cash from operations 203 246 260 316 318 213 291 318 263 346 387 402 253 545 493 419 494
Capital spending 43 61 78 95 97 94 73 66 98 151 124 59 86 119 86 79 67
Free cash flow 160 185 182 221 221 119 218 252 165 195 263 343 167 426 407 340 426
Stock-based pay 8 9 11 9 12 11 7 9 17 15 15 14 20 20 22 24 25
Free cash flow after stock pay 152 176 171 212 209 108 211 243 149 180 247 329 147 406 385 316 402
Balance sheet
Cash 232 273 226 224 296 190 243 308 205 178 237 223 193 187 233 180 250
Total debt 312 267 301 211 431 578 569 611 543 637 629 512 650 658 538 671 1,328
Net debt (negative = net cash) 80 −7 75 −13 134 388 325 303 338 459 392 289 457 470 306 491 1,078
Diluted shares 158m 157m 153m 150m 148m 139m 135m 134m 132m 130m 128m 128m 125m 124m 123m 120m 118m
Returned to shareholders
Dividends 36 41 48 60 83 91 91 92 95 100 106 107 110 114 123 132 141
Buybacks 67 109 130 103 279 256 84 140 122 129 94 142 171 142 163 332 111
Total returned 103 150 178 163 363 348 176 233 217 229 201 249 281 256 286 463 252

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · July 31, 2026
What it owns · $4.0bn
Short-term assets $1.7bnLonger-term assets $2.3bn
What it owes, and who funded it · $4.0bn
Short-term liabilities $804mLonger-term liabilities $1.4bnShareholders' equity $1.8bn
  • Short-term assets cover short-term liabilities $1.7bn of assets due within a year against $804m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.7bn short-term assets against $1.4bn of longer-dated liabilities.
  • More cash than debt $250m of cash against $1.3bn of debt.
  • Debt below 40% of shareholders' equity Debt is 75% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 50% to 75% over five years.
  • A year's operating cash flow covers at least 20% of debt $494m of operating cash flow against $1.3bn of debt.
  • Operating profit covers interest at least five times over Operating income of $600m against $36m of interest.

From Donaldson Co Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$111M
Dividends (TTM)
$141M
Returned to shareholders
59%
of free cash flow
Buybacks, last 3 fiscal years
$605M
Diluted share count
−2.1%
year over year
Total shareholder yield
2.5%
dividends 1.4% + buybacks 1.1% of market value
Dividend payout ratio
31%
of net income paid out
R&D spending
2.0%
of revenue
Sales & admin spending
17.5%
of revenue
Days sales outstanding
71 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated DCI JBTM PNR IEX GTES VMI Median
Revenue, last 12 months $3.9bn $3.9bn $4.0bn $3.7bn $3.6bn $4.3bn $1.4bn
Revenue growth, last 12 months 5.3% 44.9% −3.9% 6.9% 4.0% 4.6% 8.3%
Revenue growth, 3-year average 4.2% 34.0% −1.3% 3.5% −0.4% −0.0% 4.0%
Revenue growth, latest quarter 8.0% 4.9% −4.5% 8.3% 5.6% 5.5% 9.1%
Gross margin 34.6% 35.6% 41.2% 44.9% 40.3% 30.3% 35.2%
Operating margin 15.4% 7.3% 19.6% 20.9% 13.5% 14.2% 13.1%
Operating margin, 3-year average 14.7% 6.3% 19.7% 20.6% 13.8% 12.0% 13.7%
Net margin 11.7% 4.9% 15.4% 14.6% 10.4% 12.1% 8.9%
Cash from operations / revenue 12.7% 10.8% 18.3% 20.6% 12.4% 10.8% 11.9%
Free-cash-flow margin 11.0% 7.9% 16.3% 18.2% 10.3% 7.1% 8.8%
Free-cash-flow margin, 3-year average 10.5% 6.2% 17.7% 18.3% 9.5% 9.1% 9.8%
Stock pay / revenue 0.6% 0.8% 0.8% 0.9% 0.8% 0.5% 0.8%
Change in share count −2.1% 24.0% −2.0% −1.7% −1.7% −2.1% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 5.3% 8.3% 57 of 75
Change in growth rate Growth +0.8pp +1.2pp 40 of 75
Gross margin Profitability 34.6% 35.4% 38 of 70
Operating margin Profitability 15.4% 13.0% 27 of 75
Net margin Profitability 11.7% 8.9% 28 of 76
Free-cash-flow margin Cash generation 11.0% 9.1% 31 of 76
Stock pay as % of revenue Cash generation 0.6% 0.8% 22 of 70
Long-term debt as % of assets Balance sheet 32.2% 23.4% 46 of 59
Change in share count Balance sheet -2.1% -0.0% 13 of 73
Days sales outstanding Balance sheet 71 days 63 days 47 of 65

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to July 31, 2026
Geography
Region Revenue Share YoY
United States and Canada $1.7B 42.5% ▲ 1.2%
EMEA $1.1B 29.2% ▲ 10.6%
Asia Pacific $690M 17.7% ▲ 8.5%
Latin America $408M 10.5% ▲ 3.1%

From Donaldson Co Inc's 10-K filed September 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$9.4B
Institutions reporting
626
Shares held vs prior quarter
▲ 3.8%
Positions opened / closed
66 / 54

Top buyers and sellers, Q2 2026: 281 institutions bought and 273 sold ; the biggest buyer was Massachusetts Financial Services Co (+974K shares) and the biggest seller William Blair Investment Management, LLC (−1.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.1B 11.9M 11.4% ▲ 6.5%
State Farm Mutual Automobile Insurance Co $821M 9.1M 8.7% 0.0%
Vanguard Portfolio Management LLC $586M 6.5M 6.2% ▲ 0.1%
Vanguard Capital Management LLC $471M 5.2M 5.0% ▲ 1.3%
State Street Corp $452M 5.0M 4.8% ▲ 5.5%
FMR LLC $353M 3.9M 3.7% ▲ 2.7%
Geode Capital Management, LLC $280M 3.1M 3.0% ▼ 6.3%
Kayne Anderson Rudnick Investment Management LLC $250M 2.8M 2.6% ▼ 4.8%
Morgan Stanley $225M 2.5M 2.4% ▲ 4.0%
Pictet Asset Management Holding SA $207M 2.3M 2.2% ▲ 28.0%
Fuller & Thaler Asset Management, Inc. $206M 2.3M 2.2% ▲ 8.8%
Dimensional Fund Advisors LP $183M 2.0M 1.9% ▲ 2.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Donaldson Co Inc's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $8.6M 11 trades by 5 insiders · 0% under pre-set plans
Net ▼ $8.6M net selling
Insider Date Trade Shares Price Value
Carpenter Tod E. Chairman, President and CEO September 4, 2026 Sell 31,968 $91.10 $2.9M
Carpenter Tod E. Chairman, President and CEO August 31, 2026 Sell 3,032 $91.00 $275,912
Owens James Director April 14, 2026 Sell 7,153 $89.21 $638,119
Owens James Director April 14, 2026 Sell 6,600 $89.21 $588,786
Owens James Director April 13, 2026 Sell 5,921 $89.02 $527,087
Owens James Director April 10, 2026 Sell 126 $88.82 $11,191
Briseno Guillermo President March 26, 2026 Sell 12,000 $84.97 $1M
Briseno Guillermo President March 26, 2026 Sell 8,600 $84.97 $730,742
Pogalz Bradley J. Chief Financial Officer December 9, 2025 Sell 566 $91.57 $51,829
Rajendra Ajita G Director December 5, 2025 Sell 6,600 $92.04 $607,464
Rajendra Ajita G Director December 5, 2025 Sell 13,200 $92.04 $1.2M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 6 trades and filings

No trades in Donaldson Co Inc disclosed in the last 12 months; 6 earlier trades on record.

  • Lois Frankel(D-FL 21):Sale (full), $1,001 - $15,000, traded January 11, 2022, filed February 16, 2022
  • Kim Schrier(D-WA 8):Sale (full), $1,001 - $15,000, traded October 28, 2021, filed November 18, 2021
  • Lois Frankel(D-FL 21):Purchase, $1,001 - $15,000, traded March 6, 2020, filed March 23, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 3, 2026 estimated from the company's past filing pattern, not announced

  • August 26, 2026
  • June 2, 2026
  • February 26, 2026
  • December 4, 2025
  • August 27, 2025
  • June 3, 2025

Recent SEC filings

Data status

When each part of this page on Donaldson Co Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Donaldson Co Inc in brief

What does Donaldson Co Inc do?
Donaldson Co Inc is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in July.
What is Donaldson Co Inc's stock ticker?
Donaldson Co Inc trades under the ticker DCI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Donaldson Co Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Donaldson Co Inc reported revenue of $3.9B, 5.3% higher than a year earlier, according to its SEC filings.
What is Donaldson Co Inc's free cash flow?
Donaldson Co Inc's free-cash-flow margin is 11.0% of revenue over the trailing twelve months, ranking 31 of the 76 industrial machinery & supplies & components companies we cover.
What is Donaldson Co Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Donaldson Co Inc's free cash flow after stock-based pay gives ~$59 per share in the base case, and ~$42–$82 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Donaldson Co Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Farm Mutual Automobile Insurance Co and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Donaldson Co Inc buying back stock, and does it pay a dividend?
Donaldson Co Inc spent $111M on share repurchases over the trailing twelve months, and its diluted share count fell 2.1% over the year.
What is Donaldson Co Inc's market cap?
On July 31, 2026, Donaldson Co Inc's market capitalisation was about $11.1B, with a price-to-earnings ratio of 24.4 and net debt of $1.1B. Market figures come from third-party market data and may be delayed.
Does Donaldson Co Inc pay a dividend?
Yes: Donaldson Co Inc paid $141M in dividends over the trailing twelve months, a dividend yield of 1.40% and a payout ratio of 31.1%.
How much debt does Donaldson Co Inc have?
Donaldson Co Inc's debt-to-equity ratio is 75.3%, from its latest balance sheet (49.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Donaldson Co Inc's competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Donaldson Co Inc are JBT Marel Corp, Pentair, IDEX Corporation, Gates Industrial Corp Ltd. and Valmont Industries Inc. The side-by-side comparison below sets their revenue, margins and growth against Donaldson Co Inc's.
Are insiders buying or selling Donaldson Co Inc stock?
Over the last 12 months, Donaldson Co Inc's directors and officers reported 0 open-market purchases and 11 sales on Form 4. The insider trading page charts every trade.
When is Donaldson Co Inc's next earnings date?
Around December 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Donaldson Co Inc announces its own schedule.