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Nordson Corporation (NDSN) stock

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NASDAQ: NDSN Nasdaq Industrial Machinery & Supplies & Components Next results ~December 9, 2026

B Fundamentals grade

Nordson Corporation is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in October.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$230

Cash-flow model

Base case. Range ~$160–$310 across our lower- and higher-growth cases (0.9%–10.9% a year).

Price vs value

Overvalued

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

Price used: $327.58, November 2, 2026

Nordson Corporation 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, 9 selling0 purchases and 53 sales by directors and officers, last 12 monthsInsider trades
  • Funds383 adding, 285 cuttingOf 55 active managers that changed their stake, 23 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Nordson files

Where Nordson stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $2.98bn, up 7.0% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 24.3% from 19.5% a year earlier. Operating margin widened to 26.9% from 24.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $207 a share, against a share price of $324. At that price, our model says the market is pricing in about 13.3% a year of cash-flow growth for five years, faster than the 4.8% a year revenue growth it has delivered.

Source: 10-Q filed August 20, 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 9, 2026 (estimated)

Nordson Corporation's trailing-twelve-month revenue grew 7.0% year on year, with a free-cash-flow margin of 24.3%. Where it stands out: operating margin of 26.9% ranks 1 of 75 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$230 per share in the base case (~$160–$310 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Operating margin expanding: TTM operating margin reached 26.9%, up 2.6pp year over year.

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

  • High operating margin. 26.9% of revenue is left as operating profit, against a median of 13.0% for industrial machinery & supplies & components companies we cover.
  • Strong cash generation. 24.3% of revenue turned into free cash flow, against a median of 9.1% for industrial machinery & supplies & components companies we cover.
  • Shrinking share count. Diluted shares fell 1.8% in a year, so each share owns more of the business.

Things to watch

  • Priced above our value. The share price of $327.58 is 30% above our value per share of $230.
  • Insiders selling. 9 insiders sold $26M of stock over the past 365 days and none bought (12% under pre-set trading plans).

Latest results: FY2026 Q3

Filed August 20, 2026
Earnings per share
$3.25 against an average estimate of $3.09: beat by 5.0%
Revenue
$818m, up 10.3% on a year earlier
Share reaction
+10.0% in the first session after the results on August 19, 2026, against -0.6% for the S&P 500
Guidance given
sales $3,035m to $3,075m (full year); adjusted earnings per diluted share $11.8 to $12 (full year)
Next report
August 19, 2026; average EPS estimate $3.46

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

Price chart

  • 1 day+1.5%
  • 1 week+1.7%
  • 1 month-1.8%
  • This year+37.5%
  • 1 year+43.0%
  • 5 years+33.8%
  • 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)
$3B
Operating margin
26.9%
Net margin
18.6%
EPS (TTM, diluted)
$9.88

Growth

Revenue growth
+7.0%
Change in growth rate
−0.3 pts
Share count change
−1.8%

Cash

Free cash flow (TTM)
$724M
FCF margin
24.3%
Stock pay % of revenue
0.8%

Earnings

Last results
August 19, 2026
Next results (est.)
December 9, 2026

News & updates

Updated October 31, 2026

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

  1. Deal
  2. Announcement
  3. Dividend
  4. Results
  5. Guidance
  6. Announcement

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

Nordson Corporation valuation models and calculator

What the price is pricing in

The share price implies about 11.6% a year of cash-flow growth for five years.That is faster than the 4.8% a year revenue growth Nordson has delivered.

  • Priced in11.6%
  • Last 12 months7.0%
  • 3 years a year4.7%
  • 5 years a year4.8%

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 ($327.90, 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
~$230
Price used
$327.90close November 3, 2026
Implied change
▼ 30%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Nordson Corporation's free cash flow after stock-based pay with after-tax interest added back ($707M, FY2026 Q3 TTM), growing 6.4% and 5.6% in the next two years (forecasts, guidance and its record), then back to 5.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$160–~$310 ; 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 Nordson Corporation's free cash flow after stock-based pay ( $707M, FY2026 Q3 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 Nordson Corporation as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.03 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. ~$230 ~$160–$310 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. ~$220 ~$200–$290 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$140 ~$110–$190 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$140 ~$120–$170 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. ~$190 ~$140–$230 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nordson Corporation 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 ▲ +36%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▲ +25%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $149$214$300$414$562$754
8.5% $106$153$215$297$403$539
10% $80$117$165$227$307$411

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$90.09$115.07$112.44$145.36$180.89$239.70$214.17$204.67$241.24$229.10$327.58
Market value$5.2bn$6.7bn$6.6bn$8.5bn$10.6bn$14.1bn$12.5bn$11.8bn$13.9bn$13.0bn$18.4bn
+ Net debt (− = net cash)$915m$1.5bn$1.2bn$1.1bn$901m$518m$575m$1.6bn$2.1bn$1.9bn$1.8bn
Enterprise value$6.1bn$8.2bn$7.8bn$9.6bn$11.5bn$14.6bn$13.1bn$13.4bn$16.0bn$14.9bn$20.2bn
Multiples
Price / sales 2.9x3.2x2.9x3.9x5.0x6.0x4.8x4.5x5.2x4.7x6.2x
Price / earnings 19.1x22.6x17.6x25.1x42.4x31.0x24.3x24.2x29.7x26.9x33.1x
Price / free cash flow 18.9x23.5x16.0x26.6x23.4x27.7x27.0x19.4x28.3x19.7x25.4x
EV / EBITDA 14.2x16.0x14.1x17.7x28.3x20.3x16.3x18.3x21.3x18.9x24.1x

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

91 /100

Strong moat

How hard Nordson'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 17 / 20

    Cash operating profit has been a median 13.0% of total assets over 10 years.

  • Pricing power 19 / 20

    Gross margin has been a median 55.0%, moving by 0.6 percentage points (standard deviation) across 10 years.

  • Durability 18 / 20

    Operating margin has been a median 23.6%; its worst year was 21.0%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 19.1% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 4.3% over five years; stock-based pay has been a median 0.9% 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 $11.95 +17% $3.1bn +10%
Next $12.98 +9% $3.2bn +5%

Next year's EPS estimate has moved +3.5% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.1% on 90 days ago. In the last 30 days, 7 analysts raised Nordson Corporation's forecast and 0 cut it.

Consensus EPS forecast Nordson Corporation, last 90 days
$11.50 $12.00 $12.50 $13.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $11.59 Current fiscal year, 60 days ago: $11.59 Current fiscal year, 30 days ago: $11.90 Current fiscal year, 7 days ago: $11.95 Current fiscal year, Now: $11.95 $11.95 Next fiscal year, 90 days ago: $12.54 Next fiscal year, 60 days ago: $12.55 Next fiscal year, 30 days ago: $12.94 Next fiscal year, 7 days ago: $12.98 Next fiscal year, Now: $12.98 $12.98

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $11.59$12.54
60 days ago $11.59$12.55
30 days ago $11.90$12.94
7 days ago $11.95$12.98
Now $11.95$12.98

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $3.09 $3.25 +5.0%
Apr 2026 $2.82 $2.86 +1.5%
Jan 2026 $2.37 $2.37 −0.1%
Oct 2025 $2.93 $3.03 +3.4%

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

Management guidance

Earnings release, August 19, 2026
  • Sales full year $3,035m to $3,075m Raised
    “Sales are now expected to be in the range of $3,035 to $3,075 million and adjusted earnings to be in the range of $11.80 to $12.00 per diluted share.” source
  • adjusted earnings per diluted share full year $11.80 to $12.00 Non-GAAP Raised
    “Sales are now expected to be in the range of $3,035 to $3,075 million and adjusted earnings to be in the range of $11.80 to $12.00 per diluted share.” source

How earlier guidance turned out

  • sales, third quarter fiscal 2026 guided $760m to $790m Above range: $818m

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 Nordson Corporation's revenue by +6.4% next year and +5.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.6%, weight 53%) , management guidance (+6.5%, weight 20%) and the company's own record (+5.9%, weight 27%) . How the weights are set.

Analyst recommendations

7 analysts, Oct 2026
Buy457%
Hold229%
Sell114%

Monthly trend

  1. Oct 20264217
  2. Sep 20264217
  3. Aug 20264318
  4. Jul 20264318

Counts of recommendations published by analysts covering Nordson Corporation, 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
2.7%
of tradable shares
Days to cover
3.62
at average volume
Short interest, 1 month
−11%
to October 15, 2026
Held by institutions
79%
of shares
Held by insiders
0.3%
of shares
Employees
8,200
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 +43.0%

$229.10 on October 31, 2025 to $327.58

ThenNowEffect
Revenue (last 12 months) $2.8bn $3.0bn +7.0%
Net margin 16.3% 18.6% +14.0%
P/E multiple 28.8x 33.1x +15.0%
Share count 57m 56m +1.9%

Biggest factor: p/e multiple.

Last 3 years +53.6%

$213.28 on November 3, 2023 to $327.58

ThenNowEffect
Revenue (last 12 months) $2.6bn $3.0bn +14.9%
Net margin 19.3% 18.6% −3.6%
P/E multiple 24.6x 33.1x +34.9%
Share count 58m 56m +2.7%

Biggest factor: p/e multiple.

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
NDSN+28%−6%+12%−20%+17%+38%
Industry peers (median)+19%−15%+21%+2%+9%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NDSN67%50%58%50%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NDSN−14%−23%−19%−25%−25%−14%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 44% from February 5, 2020 to March 23, 2020. Getting back needed a 79% gain, reached on May 27, 2020, 65 days after the low.

Price behaviour

52-week range
$223.90 – $334.43
From 52-week high
−2.0%
vs 50-day average
+1.4%
vs 200-day average
+11.4%
Volatility (1 year)
22%
Beta vs S&P 500
0.87

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
8 up, 4 down
typical move ±4.9%
After a week
8 up, 4 down
typical move ±6.8%
After a month
8 up, 4 down
typical move ±8.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 19, 2026 +10.0% −0.6% +10.0% +2.7%
May 20, 2026 +5.6% +1.2% +6.1% +8.9%
February 18, 2026 −1.0% +0.2% −2.1% −9.7%
December 10, 2025 +0.4% +0.9% +2.3% +12.8%
August 20, 2025 +1.1% −0.7% +3.8% +3.9%
May 28, 2025 +5.5% −0.2% +7.7% +9.0%
February 19, 2025 −0.5% −0.2% −3.9% −6.0%
December 11, 2024 −9.4% +0.3% −15.9% −17.7%
August 21, 2024 +6.9% −0.4% +7.4% +7.1%
May 20, 2024 −10.3% +0.4% −13.8% −14.5%
February 21, 2024 +3.5% +2.2% +1.1% +2.3%
December 13, 2023 +5.1% +1.7% +7.5% +5.6%

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 Nordson Corporation’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.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.12× the last 60 days’ realised volatility .
  • Puts are priced 6 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

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.

NDSN Nordson Corporation Grade B $326.1

Own 100 shares, sell the $330 call expiring December 18, 2026 (46 days) for $7.80 a share — $780 per contract.

Previous session · Bid $7.80, ask $10.30, quoted Mon 2 Nov, 17:31 New York time with NDSN at $326.1. Option prices move with the shares: check the live chain at your broker before trading.

  • If NDSN ends below $330: you keep your shares and the $780 — 2.4% extra on the position, 19.0% a year at that pace.
  • If it ends above $330: your shares are sold at $330, a total return of 3.6% including the premium — at or above our value of ~$230.
$1.2k $0 −$6.4k Break-even $318.3 Price $326.1 ← Our value ~$230
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$780
Annualised
19.0%
Break-even
$318.3
Max gain
$1,170.5
Chance of selling
~49%

Results are expected around December 9, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Own the shares, buy the $320 put and sell the $330 call, both expiring December 18, 2026 (46 days).

  • Net cost of $3.00 a share ($300 per contract of 100 shares).
  • Worst case at expiry: -2.8%, if the shares fall below $320 (-1.9% from today).
  • Best case at expiry: +0.3%, if the shares rise above $330 (+1.2%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $230: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

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.

Nordson Corporation in five measures

Fundamentals grade B
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) Nordson Corporation
$2.6B $2.7B $2.8B $2.9B $3B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.6B Revenue (TTM), FY24 Q1: $2.7B Revenue (TTM), FY24 Q2: $2.7B Revenue (TTM), FY24 Q3: $2.7B Revenue (TTM), FY24 Q4: $2.7B Revenue (TTM), FY25 Q1: $2.7B Revenue (TTM), FY25 Q2: $2.7B Revenue (TTM), FY25 Q3: $2.8B Revenue (TTM), FY25 Q4: $2.8B Revenue (TTM), FY26 Q1: $2.8B Revenue (TTM), FY26 Q2: $2.9B Revenue (TTM), FY26 Q3: $3B $3B

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

View chart data
Period Revenue (TTM)
FY23 Q4 $2.6B
FY24 Q1 $2.7B
FY24 Q2 $2.7B
FY24 Q3 $2.7B
FY24 Q4 $2.7B
FY25 Q1 $2.7B
FY25 Q2 $2.7B
FY25 Q3 $2.8B
FY25 Q4 $2.8B
FY26 Q1 $2.8B
FY26 Q2 $2.9B
FY26 Q3 $3B
Revenue growth, TTM YoY Nordson Corporation
0% 2% 4% 6% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 1.5% Revenue growth, TTM YoY, FY24 Q1: 2.3% Revenue growth, TTM YoY, FY24 Q2: 1.7% Revenue growth, TTM YoY, FY24 Q3: 2.8% Revenue growth, TTM YoY, FY24 Q4: 2.3% Revenue growth, TTM YoY, FY25 Q1: 0.8% Revenue growth, TTM YoY, FY25 Q2: 2.0% Revenue growth, TTM YoY, FY25 Q3: 4.5% Revenue growth, TTM YoY, FY25 Q4: 3.8% Revenue growth, TTM YoY, FY26 Q1: 6.5% Revenue growth, TTM YoY, FY26 Q2: 7.4% Revenue growth, TTM YoY, FY26 Q3: 7.0% 7.0%

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

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 1.5%
FY24 Q1 2.3%
FY24 Q2 1.7%
FY24 Q3 2.8%
FY24 Q4 2.3%
FY25 Q1 0.8%
FY25 Q2 2.0%
FY25 Q3 4.5%
FY25 Q4 3.8%
FY26 Q1 6.5%
FY26 Q2 7.4%
FY26 Q3 7.0%
Operating margin (TTM) Nordson Corporation
24% 25% 26% 27% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 25.6% Operating margin (TTM), FY24 Q1: 25.9% Operating margin (TTM), FY24 Q2: 25.8% Operating margin (TTM), FY24 Q3: 25.5% Operating margin (TTM), FY24 Q4: 25.1% Operating margin (TTM), FY25 Q1: 24.5% Operating margin (TTM), FY25 Q2: 24.2% Operating margin (TTM), FY25 Q3: 24.3% Operating margin (TTM), FY25 Q4: 25.5% Operating margin (TTM), FY26 Q1: 25.9% Operating margin (TTM), FY26 Q2: 26.4% Operating margin (TTM), FY26 Q3: 26.9% 26.9%

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

View chart data
Period Operating margin (TTM)
FY23 Q4 25.6%
FY24 Q1 25.9%
FY24 Q2 25.8%
FY24 Q3 25.5%
FY24 Q4 25.1%
FY25 Q1 24.5%
FY25 Q2 24.2%
FY25 Q3 24.3%
FY25 Q4 25.5%
FY26 Q1 25.9%
FY26 Q2 26.4%
FY26 Q3 26.9%
FCF margin (TTM) Nordson Corporation
16% 18% 20% 22% 24% 26% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 23.1% FCF margin (TTM), FY24 Q1: 24.8% FCF margin (TTM), FY24 Q2: 22.9% FCF margin (TTM), FY24 Q3: 21.3% FCF margin (TTM), FY24 Q4: 18.3% FCF margin (TTM), FY25 Q1: 17.4% FCF margin (TTM), FY25 Q2: 17.0% FCF margin (TTM), FY25 Q3: 19.5% FCF margin (TTM), FY25 Q4: 23.7% FCF margin (TTM), FY26 Q1: 22.7% FCF margin (TTM), FY26 Q2: 24.6% FCF margin (TTM), FY26 Q3: 24.3% 24.3%

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

View chart data
Period FCF margin (TTM)
FY23 Q4 23.1%
FY24 Q1 24.8%
FY24 Q2 22.9%
FY24 Q3 21.3%
FY24 Q4 18.3%
FY25 Q1 17.4%
FY25 Q2 17.0%
FY25 Q3 19.5%
FY25 Q4 23.7%
FY26 Q1 22.7%
FY26 Q2 24.6%
FY26 Q3 24.3%

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

Financial statements

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

Fiscal year 2009 Oct 2009 2010 Oct 2010 2011 Oct 2011 2012 Oct 2012 2013 Oct 2013 2014 Oct 2014 2015 Oct 2015 2016 Oct 2016 2017 Oct 2017 2018 Oct 2018 2019 Oct 2019 2020 Oct 2020 2021 Oct 2021 2022 Oct 2022 2023 Oct 2023 2024 Oct 2024 2025 Oct 2025 LTM Jul 2026
Income
Revenue 819 1,042 1,233 1,410 1,543 1,704 1,689 1,809 2,067 2,255 2,194 2,121 2,362 2,590 2,629 2,690 2,792 2,980
Gross profit 469 622 748 823 866 945 914 993 1,139 1,236 1,192 1,130 1,324 1,427 1,425 1,486 1,540 1,647
EBITDA −101 257 336 360 356 402 355 430 512 556 539 406 719 802 732 751 791 838
Operating income −128 235 316 335 324 367 318 388 466 503 483 350 615 702 673 674 712 801
Net income −160 168 222 225 222 247 211 272 296 377 337 250 454 513 487 467 484 555
Diluted EPS −$2.38 $2.46 $3.25 $3.45 $3.42 $3.84 $3.45 $4.73 $5.08 $6.40 $5.79 $4.27 $7.74 $8.81 $8.46 $8.11 $8.51 $9.88
Growth (year on year)
Revenue −27.2% +27.1% +18.4% +14.3% +9.5% +10.4% −0.9% +7.1% +14.3% +9.1% −2.7% −3.3% +11.4% +9.7% +1.5% +2.3% +3.8% +7.0%
EBITDA −146.8% — +30.6% +7.0% −1.2% +12.9% −11.5% +20.9% +19.2% +8.4% −3.1% −24.6% +77.2% +11.6% −8.7% +2.5% +5.3% +15.4%
Operating income −167.1% — +34.4% +6.3% −3.5% +13.4% −13.4% +22.3% +20.1% +7.8% −3.9% −27.6% +76.0% +14.2% −4.2% +0.2% +5.6% +18.4%
Net income −236.2% — +32.3% +1.1% −1.3% +11.3% −14.5% +28.8% +8.8% +27.6% −10.7% −26.0% +82.1% +12.9% −5.0% −4.1% +3.7% +22.0%
Diluted EPS −238.8% — +32.1% +6.2% −0.9% +12.3% −10.2% +37.1% +7.4% +26.0% −9.5% −26.3% +81.3% +13.8% −4.0% −4.1% +4.9% +24.3%
Margins
Gross margin 57.2% 59.7% 60.7% 58.4% 56.1% 55.5% 54.1% 54.9% 55.1% 54.8% 54.3% 53.3% 56.1% 55.1% 54.2% 55.2% 55.2% 55.3%
EBITDA margin −12.4% 24.7% 27.3% 25.5% 23.0% 23.6% 21.0% 23.8% 24.8% 24.6% 24.5% 19.1% 30.4% 31.0% 27.9% 27.9% 28.3% 28.1%
Operating margin −15.6% 22.5% 25.6% 23.8% 21.0% 21.5% 18.8% 21.5% 22.6% 22.3% 22.0% 16.5% 26.0% 27.1% 25.6% 25.1% 25.5% 26.9%
Net margin −19.5% 16.1% 18.0% 16.0% 14.4% 14.5% 12.5% 15.0% 14.3% 16.7% 15.4% 11.8% 19.2% 19.8% 18.5% 17.4% 17.4% 18.6%
Free-cash-flow margin 19.1% 12.1% 18.4% 17.3% 14.3% 14.4% 11.8% 15.1% 13.8% 18.4% 14.5% 21.3% 21.5% 17.8% 23.1% 18.3% 23.7% 24.3%
Cash flow
Cash from operations 169 140 247 274 268 288 262 335 357 505 383 502 546 513 641 556 719 773
Capital spending 13 14 20 31 47 44 62 61 72 90 64 51 38 51 35 64 58 49
Free cash flow 156 126 226 243 221 245 200 274 285 415 319 452 508 462 607 492 661 724
Stock-based pay −1 8 9 10 12 17 15 18 20 22 18 13 23 31 23 19 19 23
Free cash flow after stock pay 157 118 218 233 209 227 185 256 265 393 301 439 485 431 584 473 642 701
Balance sheet
Cash 19 42 37 41 42 42 50 67 90 96 151 208 300 163 116 116 108 113
Total debt 4 — 319 584 649 694 1,115 983 1,587 1,318 1,248 1,109 817 739 1,749 2,224 2,000 1,923
Net debt (negative = net cash) −14 −42 282 542 607 651 1,065 915 1,496 1,222 1,097 901 518 575 1,634 2,108 1,892 1,810
Diluted shares 67m 68m 68m 65m 65m 64m 61m 58m 58m 59m 58m 58m 59m 58m 58m 58m 57m 56m
Returned to shareholders
Dividends 25 26 30 34 40 48 55 56 64 72 82 88 98 126 150 161 179 183
Buybacks 7 25 138 88 33 166 384 33 3 24 121 53 61 263 90 33 306 247
Total returned 32 51 168 122 74 215 439 90 67 96 203 141 159 389 240 195 485 430

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

3 of 6 checks passed · July 31, 2026
What it owns · $5.9bn
Short-term assets $1.3bnLonger-term assets $4.6bn
What it owes, and who funded it · $4.0bn
Short-term liabilities $728mShareholders' equity $3.3bn
  • Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $728m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $113m of cash against $1.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 47% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 35% to 47% over five years.
  • A year's operating cash flow covers at least 20% of debt $773m of operating cash flow against $1.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $801m against $91m of interest.

From Nordson Corporation'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 Q3 TTM
Buybacks (TTM)
$247M
Dividends (TTM)
$183M
Returned to shareholders
59%
of free cash flow
Buybacks, last 3 fiscal years
$429M
Diluted share count
−1.8%
year over year
Total shareholder yield
2.4%
dividends 1.0% + buybacks 1.4% of market value
Dividend payout ratio
33%
of net income paid out
Sales & admin spending
28.4%
of revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated NDSN ESAB CR SYM MIDD GTES Median
Revenue, last 12 months $3.0bn $3.0bn $2.8bn $2.6bn $3.4bn $3.6bn $1.4bn
Revenue growth, last 12 months 7.0% 9.7% 21.5% 20.6% 8.4% 4.0% 8.3%
Revenue growth, 3-year average 4.7% 3.7% 19.7% 37.0% −5.9% −0.4% 4.0%
Revenue growth, latest quarter 10.3% 12.9% 28.1% 21.7% 9.9% 5.6% 9.1%
Gross margin 55.3% 37.0% 41.5% 21.3% 38.4% 40.3% 35.2%
Operating margin 26.9% 12.1% 17.7% −0.0% 16.5% 13.5% 13.1%
Operating margin, 3-year average 25.6% 14.6% 17.2% −4.6% 19.5% 13.8% 13.7%
Net margin 18.6% 5.7% 12.4% 0.3% −13.9% 10.4% 8.9%
Cash from operations / revenue 26.0% 8.6% 15.5% 33.8% 15.6% 12.4% 11.9%
Free-cash-flow margin 24.3% 6.5% 13.8% 32.6% 14.2% 10.3% 8.8%
Free-cash-flow margin, 3-year average 21.7% 9.1% 11.9% 14.6% 20.1% 9.5% 9.8%
Stock pay / revenue 0.8% 0.6% 0.7% 9.0% 0.7% 0.8% 0.8%
Change in share count −1.8% 0.2% 0.4% 18.8% −10.5% −1.7% −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 7.0% 8.3% 46 of 75
Change in growth rate Growth -0.3pp +1.2pp 54 of 75
Gross margin Profitability 55.3% 35.4% 3 of 70
Operating margin Profitability 26.9% 13.0% 1 of 75
Net margin Profitability 18.6% 8.9% 4 of 76
Free-cash-flow margin Cash generation 24.3% 9.1% 6 of 76
Stock pay as % of revenue Cash generation 0.8% 0.8% 34 of 70
Long-term debt as % of assets Balance sheet 25.7% 23.4% 36 of 59
Change in share count Balance sheet -1.8% -0.0% 18 of 73

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

Where the revenue comes from

Fiscal year to October 31, 2025
Geography
Region Revenue YoY
Americas $1.2B ▲ 2.3%
United States $923M ▲ 2.6%
Asia Pacific Excluding Japan $864M ▲ 10.0%
Europe $722M ▼ 0.5%

These categories overlap or exclude eliminations, so shares aren't shown.

From Nordson Corporation's 10-K filed December 17, 2025, 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
$12.8B
Institutions reporting
751
Shares held vs prior quarter
▲ 3.3%
Positions opened / closed
90 / 46

Top buyers and sellers, Q2 2026: 383 institutions bought and 285 sold ; the biggest buyer was Geode Capital Management, LLC (+363K shares) and the biggest seller Massachusetts Financial Services Co (−455K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.2B 4.1M 9.7% ▲ 4.8%
Vanguard Capital Management LLC $1B 3.5M 8.1% ▲ 0.5%
State Street Corp $900M 3.0M 7.0% ▲ 2.4%
Vanguard Portfolio Management LLC $712M 2.4M 5.5% ▲ 0.5%
Geode Capital Management, LLC $573M 1.9M 4.5% ▲ 23.5%
Kayne Anderson Rudnick Investment Management LLC $517M 1.7M 4.0% ▼ 16.2%
Morgan Stanley $428M 1.4M 3.3% ▼ 1.6%
Invesco Ltd. $398M 1.3M 3.1% ▲ 37.4%
FMR LLC $254M 840K 2.0% ▲ 3.3%
Norges Bank $216M 715K 1.7% —
Jpmorgan Chase & Co $208M 685K 1.6% ▲ 7.6%
Goldman Sachs Group Inc $192M 636K 1.5% ▼ 0.6%

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 Nordson Corporation's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $25.7M 53 trades by 9 insiders · 12% under pre-set plans
Net ▼ $25.7M net selling
Insider Date Trade Shares Price Value
Morris Milton Mayo Director October 14, 2026 Sell 255 $327.20 $83,436
Rutledge Joseph M VP, CAO September 15, 2026 Sell 684 $309.38 $211,616
Morris Milton Mayo Director September 2, 2026 Sell 156 $316.63 $49,394
Mcdonough Jennifer L EVP, GC, and Secretary August 27, 2026 Sell 260 $336.00 $87,360
Hopgood Daniel Roy EVP, CFO August 26, 2026 Sell 1,329 $334.29 $444,271
Subramanian Srinivas Executive Vice President April 17, 2026 Sell pre-set plan 1,200 $280.00 $336,000
Subramanian Srinivas Executive Vice President April 17, 2026 Sell pre-set plan 1,900 $280.00 $532,000
Morris Milton Mayo Director April 15, 2026 Sell 245 $273.87 $67,098
Hall Justin E EVP April 8, 2026 Sell 716 $275.82 $197,487
Kelley Joseph P Executive Vice President February 24, 2026 Sell 2,139 $292.95 $626,620
Kelley Joseph P Executive Vice President February 24, 2026 Sell 6,295 $293.07 $1.8M
Kelley Joseph P Executive Vice President February 24, 2026 Sell 53 $295.25 $15,648

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 Nordson Corporation disclosed in the last 12 months; 6 earlier trades on record.

  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (full), $1,001 - $15,000, traded April 8, 2025, filed May 8, 2025
  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (full), $1,001 - $15,000, traded February 25, 2025, filed March 27, 2025
  • Van Taylor(R-TX 3):Sale (full), $1,001 - $15,000, traded March 25, 2019, filed April 15, 2019

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 9, 2026 estimated from the company's past filing pattern, not announced

  • August 19, 2026
  • May 20, 2026
  • February 18, 2026
  • December 10, 2025
  • August 20, 2025
  • May 28, 2025

Recent SEC filings

Data status

When each part of this page on Nordson Corporation 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.

Nordson Corporation in brief

What does Nordson Corporation do?
Nordson Corporation is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in October.
What is Nordson Corporation's stock ticker?
Nordson Corporation trades under the ticker NDSN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nordson Corporation's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nordson Corporation reported revenue of $3B, 7.0% higher than a year earlier, according to its SEC filings.
What is Nordson Corporation's free cash flow?
Nordson Corporation's free-cash-flow margin is 24.3% of revenue over the trailing twelve months, ranking 6 of the 76 industrial machinery & supplies & components companies we cover.
What is Nordson Corporation's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Nordson Corporation's free cash flow after stock-based pay gives ~$230 per share in the base case, and ~$160–$310 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Nordson Corporation's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Nordson Corporation buying back stock, and does it pay a dividend?
Nordson Corporation spent $247M on share repurchases over the trailing twelve months, and its diluted share count fell 1.8% over the year.
What is Nordson Corporation's market cap?
On November 2, 2026, Nordson Corporation's market capitalisation was about $18.4B, with a price-to-earnings ratio of 33.1 and net debt of $1.8B. Market figures come from third-party market data and may be delayed.
Does Nordson Corporation pay a dividend?
Yes: Nordson Corporation paid $183M in dividends over the trailing twelve months, a dividend yield of 1.00% and a payout ratio of 33.0%.
How much debt does Nordson Corporation have?
Nordson Corporation's debt-to-equity ratio is 47.1%, from its latest balance sheet (34.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Nordson Corporation's competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Nordson Corporation are ESAB Corp, Crane Co, Symbotic Inc., Middleby Corp and Gates Industrial Corp Ltd. The side-by-side comparison below sets their revenue, margins and growth against Nordson Corporation's.
Are insiders buying or selling Nordson Corporation stock?
Over the last 12 months, Nordson Corporation's directors and officers reported 0 open-market purchases and 53 sales on Form 4. The insider trading page charts every trade.
When is Nordson Corporation's next earnings date?
Around December 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Nordson Corporation announces its own schedule.