Donaldson (DCI) Financials

$63.55 +0.14 (+0.22%)

As of 04/14/2025 03:58 PM Eastern

Annual Income Statements for Donaldson

This table shows Donaldson's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	208	191	233	180	267	257	287	333	359	414
Consolidated Net Income / (Loss)	208	191	233	180	267	257	287	333	359	414
Net Income / (Loss) Continuing Operations	208	191	233	180	267	257	287	333	359	414
Total Pre-Tax Income	289	257	322	364	375	335	381	438	469	535
Total Operating Income	288	274	324	377	388	340	385	444	480	544
Total Gross Profit	809	755	821	936	948	872	972	1,067	1,161	1,274
Total Revenue	2,371	2,220	2,372	2,734	2,845	2,582	2,854	3,307	3,431	3,586
Operating Revenue	2,371	2,220	2,372	2,734	2,845	2,582	2,854	3,307	3,431	3,586
Total Cost of Revenue	1,563	1,466	1,551	1,798	1,897	1,710	1,882	2,239	2,270	2,312
Operating Cost of Revenue	1,563	1,466	1,551	1,798	1,897	1,710	1,882	2,239	2,270	2,312
Total Operating Expenses	520	481	497	559	560	532	587	624	680	730
Selling, General & Admin Expense	460	425	443	499	498	470	519	555	602	637
Research & Development Expense	60	56	55	60	62	61	68	69	78	94
Total Other Income / (Expense), net	0.30	-17	-1.60	-13	-13	-4.90	-3.70	-5.10	-12	-8.80
Interest Expense	15	21	20	21	20	17	13	15	19	21
Other Income / (Expense), net	16	3.90	18	7.90	6.90	13	9.30	9.80	7.70	13
Income Tax Expense	81	67	89	183	108	78	94	106	110	121
Basic Earnings per Share	$1.51	$1.43	$1.76	$1.38	$2.08	$2.03	$2.27	$2.69	$2.95	$3.43
Weighted Average Basic Shares Outstanding	137.80M	133.80M	132.60M	130.30M	128.30M	126.90M	126.40M	123.70M	121.80M	120.70M
Diluted Earnings per Share	$1.49	$1.42	$1.74	$1.36	$2.05	$2.00	$2.24	$2.66	$2.90	$3.38
Weighted Average Diluted Shares Outstanding	139.40M	134.80M	134.10M	132.20M	130.30M	128.30M	128.20M	125.20M	123.60M	122.60M
Weighted Average Basic & Diluted Shares Outstanding	137.80M	133.40M	132.30M	130.70M	126.16M	126.42M	124.01M	122.50M	121.24M	119.73M
Cash Dividends to Common per Share	$0.67	$0.69	$0.71	$0.73	$0.78	$0.84	$0.85	-	$0.94	$1.02

This table shows Donaldson's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	101	87	86	94	92	92	99	114	110	99	96
Consolidated Net Income / (Loss)	101	87	86	94	92	92	99	114	110	99	96
Net Income / (Loss) Continuing Operations	101	87	86	94	92	92	99	114	110	99	96
Total Pre-Tax Income	129	117	113	122	117	123	129	144	139	131	125
Total Operating Income	129	119	116	124	121	125	130	144	146	131	126
Total Gross Profit	292	287	284	289	300	301	309	330	335	320	306
Total Revenue	890	847	828	876	880	846	877	928	935	900	870
Operating Revenue	890	847	828	876	880	846	877	928	935	900	870
Total Cost of Revenue	598	560	544	587	579	545	568	598	601	581	564
Operating Cost of Revenue	598	560	544	587	579	545	568	598	601	581	564
Total Operating Expenses	162	168	168	165	180	176	179	187	189	189	180
Selling, General & Admin Expense	144	149	150	146	158	155	157	162	163	166	159
Research & Development Expense	19	19	19	19	22	21	22	25	25	23	21
Total Other Income / (Expense), net	-0.80	-2.70	-3.00	-2.50	-3.30	-1.70	-0.70	0.40	-6.80	-0.30	-0.50
Interest Expense	4.10	4.50	4.60	5.10	5.00	5.50	5.60	5.00	5.30	5.50	5.90
Other Income / (Expense), net	3.30	1.80	1.60	2.60	1.70	3.80	4.90	5.40	-1.50	5.20	5.40
Income Tax Expense	28	29	27	28	25	31	30	31	30	32	29
Basic Earnings per Share	$0.82	$0.71	$0.71	$0.77	$0.76	$0.76	$0.82	$0.94	$0.91	$0.83	$0.80
Weighted Average Basic Shares Outstanding	123.70M	122.60M	121.70M	121.60M	121.80M	120.90M	120.50M	120.80M	120.70M	119.90M	119.60M
Diluted Earnings per Share	$0.81	$0.70	$0.70	$0.76	$0.74	$0.75	$0.81	$0.92	$0.90	$0.81	$0.79
Weighted Average Diluted Shares Outstanding	125.20M	123.90M	123.30M	123.50M	123.60M	122.60M	122.10M	122.90M	122.60M	121.90M	121.40M
Weighted Average Basic & Diluted Shares Outstanding	122.50M	121.69M	121.28M	121.24M	121.24M	120.14M	120.37M	120.41M	119.73M	119.42M	119.52M
Cash Dividends to Common per Share	-	$0.23	$0.23	$0.23	-	$0.25	$0.25	$0.25	-	$0.27	$0.27

This table details how cash moves in and out of Donaldson's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-107	53	65	-104	-27	59	-14	-30	-6.20	46
Net Cash From Operating Activities	213	291	318	263	346	387	402	253	545	493
Net Cash From Continuing Operating Activities	213	291	318	263	346	387	402	253	545	493
Net Income / (Loss) Continuing Operations	208	191	233	180	267	257	287	333	359	414
Consolidated Net Income / (Loss)	208	191	233	180	267	257	287	333	359	414
Depreciation Expense	74	75	75	77	81	88	95	94	92	98
Non-Cash Adjustments To Reconcile Net Income	28	19	14	-14	6.20	36	32	31	27	21
Changes in Operating Assets and Liabilities, net	-98	6.90	-3.90	20	-8.70	6.00	-12	-205	67	-41
Net Cash From Investing Activities	-112	-56	-96	-95	-246	-129	-58	-154	-327	-87
Net Cash From Continuing Investing Activities	-112	-56	-96	-95	-246	-129	-58	-154	-327	-87
Purchase of Property, Plant & Equipment	-94	-73	-66	-98	-151	-124	-59	-86	-119	-86
Acquisitions	-	-13	-32	-	-96	-6.50	0.00	-69	-209	-2.00
Sale of Property, Plant & Equipment	0.20	2.20	2.40	1.60	0.30	2.00	0.70	0.40	0.40	0.70
Net Cash From Financing Activities	-179	-180	-165	-269	-123	-200	-363	-114	-222	-356
Net Cash From Continuing Financing Activities	-179	-180	-165	-269	-123	-200	-363	-114	-222	-356
Repayment of Debt	-4.20	-25	-82	-272	-70	-280	-125	-134	-189	-229
Repurchase of Common Equity	-256	-84	-140	-122	-129	-94	-142	-171	-142	-163
Payment of Dividends	-91	-91	-92	-95	-101	-106	-122	-110	-114	-123
Issuance of Debt	153	9.60	129	204	155	262	7.90	289	189	114
Other Financing Activities, net	20	11	20	17	22	19	18	11	34	44
Effect of Exchange Rate Changes	-29	-2.20	8.30	-2.40	-	0.20	5.90	-14	-1.20	-4.10
Cash Interest Paid	15	20	20	22	19	17	11	12	21	23
Cash Income Taxes Paid	86	68	88	83	99	91	106	102	141	148

This table details how cash moves in and out of Donaldson's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	25	-32	18	6.60	1.10	31	-24	30	9.00	-12	-32
Net Cash From Operating Activities	109	118	102	133	191	138	87	142	126	73	90
Net Cash From Continuing Operating Activities	109	118	102	133	191	138	87	142	126	73	90
Net Income / (Loss) Continuing Operations	101	87	86	94	92	92	99	114	110	99	96
Consolidated Net Income / (Loss)	101	87	86	94	92	92	99	114	110	99	96
Depreciation Expense	23	22	22	23	25	24	25	25	25	26	25
Non-Cash Adjustments To Reconcile Net Income	10	14	2.40	4.30	5.80	10	5.60	4.40	0.70	9.80	7.20
Changes in Operating Assets and Liabilities, net	-25	-5.60	-8.50	13	68	11	-42	-1.00	-9.30	-61	-38
Net Cash From Investing Activities	-48	-28	-30	-98	-172	-23	-21	-23	-19	-96	-19
Net Cash From Continuing Investing Activities	-48	-28	-30	-98	-172	-23	-21	-23	-19	-96	-19
Purchase of Property, Plant & Equipment	-29	-28	-30	-35	-26	-23	-21	-21	-20	-25	-19
Acquisitions	-20	-	-	-	-147	0.00	-	-	-	-71	-0.20
Net Cash From Financing Activities	-31	-113	-64	-27	-18	-79	-93	-86	-98	9.80	-98
Net Cash From Continuing Financing Activities	-31	-113	-64	-27	-18	-79	-93	-86	-98	9.80	-98
Repayment of Debt	-44	-43	-22	-70	-54	-32	-40	-141	-16	0.00	-9.30
Repurchase of Common Equity	-17	-46	-70	-4.10	-23	-53	-33	-27	-49	-74	-7.20
Payment of Dividends	-28	-28	-28	-28	-30	-30	-30	-30	-33	-32	-32
Issuance of Debt	56	0.00	40	63	86	35	-	85	-5.70	105	-50
Other Financing Activities, net	1.30	4.40	15	12	2.80	1.90	11	27	4.60	12	0.50
Cash Interest Paid	2.80	5.40	3.50	6.70	5.30	6.60	4.70	6.50	5.60	5.20	5.90
Cash Income Taxes Paid	22	20	53	40	28	22	63	30	33	20	63

This table presents Donaldson's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,810	1,787	1,980	1,977	2,143	2,245	2,400	2,600	2,771	2,914
Total Current Assets	1,031	1,010	1,151	1,126	1,123	1,097	1,244	1,407	1,286	1,438
Cash & Equivalents	190	243	308	205	178	237	223	193	187	233
Accounts Receivable	460	452	498	535	530	455	553	617	600	630
Inventories, net	265	234	294	334	333	323	385	502	418	477
Prepaid Expenses	60	51	51	52	83	82	84	94	81	99
Plant, Property, & Equipment, net	471	470	485	509	589	632	618	594	653	646
Total Noncurrent Assets	308	308	344	342	431	516	538	599	832	831
Goodwill	224	229	238	238	303	317	323	346	481	478
Intangible Assets	38	39	41	36	71	67	62	100	188	172
Other Noncurrent Operating Assets	47	32	35	48	43	132	154	154	162	180
Total Liabilities & Shareholders' Equity	1,810	1,787	1,980	1,977	2,143	2,245	2,400	2,600	2,771	2,914
Total Liabilities	1,031	1,016	1,125	1,119	1,240	1,241	1,263	1,467	1,450	1,425
Total Current Liabilities	561	544	484	469	483	407	607	630	756	783
Short-Term Debt	189	217	74	44	52	9.50	49	3.70	159	53
Accounts Payable	179	143	194	201	343	188	294	339	305	379
Dividends Payable	-	-	-	-	-	27	28	28	30	33
Current Deferred Revenue	-	-	-	-	-	-	-	22	25	20
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	18	32	32	43
Current Employee Benefit Liabilities	67	61	100	104	88	71	127	114	119	141
Other Current Liabilities	83	85	85	87	0.00	112	92	91	85	114
Total Noncurrent Liabilities	470	472	641	649	757	834	657	838	693	643
Long-Term Debt	389	350	537	500	584	617	461	644	497	483
Noncurrent Deferred Revenue	-	-	21	105	111	87	81	69	57	40
Noncurrent Deferred & Payable Income Tax Liabilities	13	3.10	3.60	4.20	13	17	27	33	32	16
Other Noncurrent Operating Liabilities	69	119	79	40	49	113	88	91	108	103
Total Equity & Noncontrolling Interests	779	771	855	858	893	993	1,137	1,133	1,321	1,489
Total Preferred & Common Equity	779	771	855	858	887	987	1,137	1,133	1,321	1,489
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	779	771	855	858	887	987	1,137	1,133	1,321	1,489
Common Stock	758	758	758	758	758	758	764	775	783	785
Retained Earnings	815	905	1,041	1,122	1,282	1,430	1,608	1,846	2,088	2,378
Treasury Stock	-655	-707	-808	-899	-981	-1,033	-1,130	-1,282	-1,378	-1,475
Accumulated Other Comprehensive Income / (Loss)	-162	-206	-157	-150	-193	-184	-118	-206	-173	-199

This table presents Donaldson's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Total Assets	2,519	2,512	2,579	2,676	2,769	2,784	2,866	3,044	2,961
Total Current Assets	1,367	1,335	1,349	1,353	1,313	1,317	1,401	1,479	1,423
Cash & Equivalents	169	161	179	186	218	194	224	221	189
Accounts Receivable	586	584	575	626	583	599	638	631	598
Inventories, net	511	490	501	450	430	433	445	520	541
Prepaid Expenses	102	100	94	91	83	91	94	107	95
Plant, Property, & Equipment, net	591	591	626	641	642	647	643	647	638
Total Noncurrent Assets	561	586	604	682	813	819	823	917	901
Goodwill	337	340	350	380	469	476	475	480	469
Intangible Assets	74	95	96	139	182	179	175	168	161
Other Noncurrent Operating Assets	150	151	157	163	162	164	173	269	271
Total Liabilities & Shareholders' Equity	2,519	2,512	2,579	2,676	2,769	2,784	2,866	3,044	2,961
Total Liabilities	1,396	1,357	1,384	1,377	1,433	1,408	1,382	1,501	1,417
Total Current Liabilities	607	569	580	712	883	894	735	801	766
Short-Term Debt	31	0.20	4.00	152	285	262	74	103	63
Accounts Payable	336	321	302	311	325	326	370	374	375
Dividends Payable	0.00	0.00	28	0.00	0.00	30	0.00	0.00	32
Current Deferred Revenue	-	-	31	31	26	30	26	25	27
Current Deferred & Payable Income Tax Liabilities	25	44	36	30	46	37	38	61	57
Current Employee Benefit Liabilities	107	99	96	106	110	110	123	135	112
Other Current Liabilities	107	106	83	83	91	98	104	103	99
Total Noncurrent Liabilities	789	788	804	665	550	514	647	700	651
Long-Term Debt	607	601	625	471	367	352	482	539	515
Noncurrent Deferred Revenue	75	70	58	59	57	40	42	40	19
Noncurrent Deferred & Payable Income Tax Liabilities	31	29	26	33	27	22	18	15	13
Other Noncurrent Operating Liabilities	76	89	96	103	99	100	106	106	104
Total Equity & Noncontrolling Interests	1,124	1,155	1,194	1,299	1,336	1,376	1,484	1,543	1,544
Total Preferred & Common Equity	1,124	1,155	1,194	1,299	1,336	1,376	1,484	1,543	1,544
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,124	1,155	1,194	1,299	1,336	1,376	1,484	1,543	1,544
Common Stock	771	780	778	780	784	782	782	791	792
Retained Earnings	1,786	1,933	1,963	2,057	2,180	2,219	2,333	2,476	2,508
Treasury Stock	-1,268	-1,319	-1,367	-1,359	-1,420	-1,436	-1,430	-1,531	-1,532
Accumulated Other Comprehensive Income / (Loss)	-182	-240	-180	-180	-208	-189	-200	-193	-223

This table displays calculated financial ratios and metrics derived from Donaldson's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.14%	-6.36%	6.83%	15.27%	4.05%	-9.25%	10.54%	15.86%	3.76%	4.53%
EBITDA Growth	-13.70%	-6.64%	18.05%	10.78%	3.16%	-7.56%	11.15%	11.81%	6.05%	12.91%
EBIT Growth	-18.09%	-8.46%	22.80%	12.71%	2.65%	-10.76%	11.74%	15.05%	7.63%	14.10%
NOPAT Growth	-18.98%	-2.23%	15.11%	-20.09%	47.88%	-5.68%	11.09%	16.22%	9.19%	14.47%
Net Income Growth	-20.02%	-8.31%	22.01%	-22.55%	48.20%	-3.82%	11.63%	16.00%	7.81%	15.38%
EPS Growth	-15.34%	-4.70%	22.54%	-21.84%	50.74%	-2.44%	12.00%	18.75%	9.02%	16.55%
Operating Cash Flow Growth	-33.04%	36.89%	9.10%	-17.28%	31.53%	11.91%	3.85%	-37.10%	115.39%	-9.55%
Free Cash Flow Firm Growth	-64.40%	217.98%	-30.67%	-13.81%	-24.98%	81.58%	28.43%	-33.64%	-4.52%	152.83%
Invested Capital Growth	12.87%	-3.90%	5.68%	3.36%	13.83%	4.34%	2.16%	11.35%	12.59%	0.32%
Revenue Q/Q Growth	-2.37%	-0.75%	2.88%	2.42%	0.08%	-4.07%	5.77%	3.66%	-0.31%	1.58%
EBITDA Q/Q Growth	-5.03%	1.55%	2.41%	2.71%	-0.65%	-3.74%	7.40%	2.53%	-1.38%	3.52%
EBIT Q/Q Growth	-6.71%	1.91%	2.83%	3.30%	-1.27%	-5.06%	8.78%	3.56%	-2.07%	4.19%
NOPAT Q/Q Growth	-6.76%	4.37%	0.67%	25.71%	-13.99%	1.20%	6.57%	5.87%	-1.89%	5.12%
Net Income Q/Q Growth	-7.36%	1.65%	3.88%	23.41%	-14.22%	2.43%	7.57%	5.22%	-2.45%	4.49%
EPS Q/Q Growth	-5.70%	2.16%	4.19%	23.64%	-13.50%	2.04%	8.21%	5.98%	-2.36%	4.97%
Operating Cash Flow Q/Q Growth	-14.57%	15.00%	-0.75%	7.00%	5.62%	-0.21%	-5.97%	5.25%	17.70%	-11.63%
Free Cash Flow Firm Q/Q Growth	-34.40%	35.57%	-39.50%	203.89%	32.97%	-29.28%	1.12%	6.21%	-29.66%	30.23%
Invested Capital Q/Q Growth	-0.96%	-5.81%	4.16%	-1.23%	-6.03%	-0.06%	0.99%	1.43%	4.89%	0.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.10%	34.00%	34.61%	34.23%	33.33%	33.76%	34.05%	32.28%	33.83%	35.54%
EBITDA Margin	15.95%	15.90%	17.57%	16.88%	16.74%	17.05%	17.15%	16.55%	16.91%	18.27%
Operating Margin	12.16%	12.35%	13.64%	13.79%	13.65%	13.17%	13.48%	13.41%	14.00%	15.17%
EBIT Margin	12.81%	12.53%	14.40%	14.08%	13.89%	13.66%	13.81%	13.71%	14.22%	15.52%
Profit (Net Income) Margin	8.78%	8.59%	9.81%	6.59%	9.39%	9.95%	10.05%	10.06%	10.46%	11.54%
Tax Burden Percent	72.11%	74.13%	72.30%	49.59%	71.22%	76.67%	75.30%	75.91%	76.55%	77.34%
Interest Burden Percent	95.00%	92.56%	94.29%	94.47%	94.96%	95.07%	96.70%	96.71%	96.06%	96.16%
Effective Tax Rate	27.89%	25.87%	27.70%	50.41%	28.78%	23.33%	24.70%	24.09%	23.45%	22.66%
Return on Invested Capital (ROIC)	19.34%	18.19%	20.77%	15.89%	21.62%	18.74%	20.17%	21.95%	21.40%	23.09%
ROIC Less NNEP Spread (ROIC-NNEP)	19.46%	14.55%	20.40%	13.81%	19.29%	17.89%	19.41%	20.98%	19.60%	21.46%
Return on Net Nonoperating Assets (RNNOA)	4.02%	6.43%	7.86%	5.17%	8.74%	8.22%	6.63%	7.37%	7.85%	6.38%
Return on Equity (ROE)	23.37%	24.62%	28.64%	21.06%	30.36%	26.96%	26.80%	29.32%	29.24%	29.47%
Cash Return on Invested Capital (CROIC)	7.25%	22.17%	15.25%	12.58%	8.68%	14.50%	18.03%	11.21%	9.55%	22.76%
Operating Return on Assets (OROA)	16.19%	15.47%	18.13%	19.46%	19.18%	16.07%	16.97%	18.13%	18.17%	19.59%
Return on Assets (ROA)	11.09%	10.61%	12.36%	9.11%	12.97%	11.72%	12.35%	13.31%	13.36%	14.57%
Return on Common Equity (ROCE)	23.37%	24.62%	28.64%	21.06%	30.09%	26.51%	26.59%	29.32%	29.24%	29.47%
Return on Equity Simple (ROE_SIMPLE)	26.72%	24.73%	27.24%	21.02%	30.11%	26.04%	25.23%	29.37%	27.17%	27.80%
Net Operating Profit after Tax (NOPAT)	208	203	234	187	276	261	290	337	368	421
NOPAT Margin	8.77%	9.15%	9.86%	6.84%	9.72%	10.10%	10.15%	10.18%	10.71%	11.73%
Net Nonoperating Expense Percent (NNEP)	-0.12%	3.64%	0.37%	2.07%	2.32%	0.86%	0.76%	0.97%	1.79%	1.63%
Cost of Revenue to Revenue	65.90%	66.00%	65.39%	65.77%	66.67%	66.24%	65.95%	67.72%	66.17%	64.46%
SG&A Expenses to Revenue	19.40%	19.15%	18.66%	18.25%	17.50%	18.22%	18.19%	16.78%	17.56%	17.75%
R&D to Revenue	2.54%	2.50%	2.31%	2.19%	2.19%	2.37%	2.38%	2.09%	2.28%	2.61%
Operating Expenses to Revenue	21.94%	21.65%	20.97%	20.44%	19.69%	20.59%	20.57%	18.87%	19.83%	20.36%
Earnings before Interest and Taxes (EBIT)	304	278	342	385	395	353	394	453	488	557
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	378	353	417	462	476	440	489	547	580	655
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.02	5.47	6.50	6.50	6.61	5.78	6.95	5.70	5.66	6.03
Price to Tangible Book Value (P/TBV)	7.56	8.38	9.65	9.55	11.43	9.47	10.49	9.39	11.47	10.70
Price to Revenue (P/Rev)	1.65	1.90	2.34	2.04	2.06	2.21	2.77	1.95	2.18	2.50
Price to Earnings (P/E)	18.80	22.13	23.87	30.93	21.96	22.22	27.54	19.39	20.82	21.68
Dividend Yield	2.31%	2.54%	1.93%	1.69%	1.70%	1.86%	1.35%	1.69%	1.53%	1.37%
Earnings Yield	5.32%	4.52%	4.19%	3.23%	4.55%	4.50%	3.63%	5.16%	4.80%	4.61%
Enterprise Value to Invested Capital (EV/IC)	3.75	4.15	5.06	4.94	4.66	4.31	5.64	4.27	4.36	5.08
Enterprise Value to Revenue (EV/Rev)	1.80	2.05	2.47	2.16	2.23	2.37	2.87	2.09	2.31	2.59
Enterprise Value to EBITDA (EV/EBITDA)	11.30	12.88	14.06	12.81	13.32	13.90	16.74	12.63	13.68	14.16
Enterprise Value to EBIT (EV/EBIT)	14.06	16.34	17.16	15.37	16.05	17.35	20.78	15.24	16.27	16.67
Enterprise Value to NOPAT (EV/NOPAT)	20.55	22.36	25.04	31.64	22.94	23.46	28.27	20.52	21.60	22.05
Enterprise Value to Operating Cash Flow (EV/OCF)	20.08	15.60	18.44	22.50	18.34	15.81	20.37	27.33	14.58	18.84
Enterprise Value to Free Cash Flow (EV/FCFF)	54.83	18.35	34.11	39.95	57.11	30.34	31.62	40.20	48.38	22.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.73	0.72	0.63	0.71	0.62	0.45	0.57	0.50	0.36
Long-Term Debt to Equity	0.50	0.45	0.63	0.58	0.65	0.62	0.41	0.57	0.38	0.32
Financial Leverage	0.21	0.44	0.39	0.37	0.45	0.46	0.34	0.35	0.40	0.30
Leverage Ratio	2.11	2.32	2.32	2.31	2.34	2.30	2.17	2.20	2.19	2.02
Compound Leverage Factor	2.00	2.15	2.18	2.18	2.22	2.19	2.10	2.13	2.10	1.95
Debt to Total Capital	42.62%	42.36%	41.70%	38.77%	41.36%	38.44%	30.94%	36.38%	33.18%	26.49%
Short-Term Debt to Total Capital	13.94%	16.19%	5.04%	3.11%	3.40%	0.58%	2.95%	0.21%	8.05%	2.63%
Long-Term Debt to Total Capital	28.68%	26.17%	36.66%	35.66%	37.96%	37.86%	28.00%	36.17%	25.13%	23.86%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	1.00%	1.02%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.38%	57.64%	58.30%	61.23%	57.64%	60.53%	69.06%	63.62%	66.82%	73.51%
Debt to EBITDA	1.53	1.61	1.47	1.18	1.34	1.42	1.04	1.18	1.13	0.82
Net Debt to EBITDA	0.95	0.92	0.73	0.73	0.96	0.89	0.59	0.83	0.81	0.46
Long-Term Debt to EBITDA	1.03	0.99	1.29	1.08	1.23	1.40	0.94	1.18	0.86	0.74
Debt to NOPAT	2.78	2.79	2.61	2.91	2.30	2.40	1.76	1.92	1.78	1.28
Net Debt to NOPAT	1.74	1.59	1.29	1.81	1.66	1.50	0.99	1.35	1.27	0.72
Long-Term Debt to NOPAT	1.87	1.72	2.30	2.67	2.11	2.37	1.59	1.91	1.35	1.15
Altman Z-Score	5.08	5.27	5.87	6.21	5.97	5.69	6.74	5.84	6.20	7.05
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.87%	1.68%	0.78%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.84	1.86	2.38	2.40	2.32	2.70	2.05	2.23	1.70	1.84
Quick Ratio	1.21	1.28	1.67	1.58	1.46	1.70	1.28	1.29	1.04	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	78	248	172	148	111	202	259	172	164	415
Operating Cash Flow to CapEx	227.35%	412.02%	500.47%	274.14%	229.92%	316.18%	689.37%	297.06%	461.05%	580.09%
Free Cash Flow to Firm to Interest Expense	5.13	11.97	8.81	6.95	5.58	11.59	19.92	11.54	8.55	19.39
Operating Cash Flow to Interest Expense	14.00	14.07	16.30	12.34	17.38	22.24	30.92	16.97	28.36	23.01
Operating Cash Flow Less CapEx to Interest Expense	7.84	10.66	13.04	7.84	9.82	15.21	26.43	11.26	22.21	19.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.26	1.23	1.26	1.38	1.38	1.18	1.23	1.32	1.28	1.26
Accounts Receivable Turnover	5.08	4.87	4.99	5.30	5.35	5.24	5.66	5.66	5.64	5.83
Inventory Turnover	6.03	5.87	5.88	5.73	5.69	5.22	5.32	5.05	4.93	5.17
Fixed Asset Turnover	5.14	4.72	4.97	5.50	5.18	4.23	4.57	5.46	5.50	5.52
Accounts Payable Turnover	7.90	9.09	9.20	9.10	6.97	6.45	7.82	7.08	7.06	6.76
Days Sales Outstanding (DSO)	71.90	75.00	73.10	68.90	68.26	69.61	64.46	64.54	64.70	62.56
Days Inventory Outstanding (DIO)	60.54	62.15	62.08	63.69	64.17	69.95	68.57	72.28	74.00	70.64
Days Payable Outstanding (DPO)	46.23	40.16	39.69	40.11	52.36	56.61	46.70	51.54	51.72	54.02
Cash Conversion Cycle (CCC)	86.21	96.99	95.49	92.48	80.08	82.95	86.33	85.28	86.98	79.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,140	1,095	1,157	1,196	1,362	1,421	1,451	1,616	1,820	1,826
Invested Capital Turnover	2.21	1.99	2.11	2.32	2.22	1.86	1.99	2.16	2.00	1.97
Increase / (Decrease) in Invested Capital	130	-45	62	39	165	59	31	165	204	5.90
Enterprise Value (EV)	4,272	4,545	5,859	5,915	6,342	6,117	8,188	6,909	7,940	9,279
Market Capitalization	3,911	4,222	5,556	5,576	5,868	5,710	7,902	6,454	7,471	8,975
Book Value per Share	$5.73	$5.79	$6.52	$6.65	$6.96	$7.83	$9.05	$9.22	$10.89	$12.37
Tangible Book Value per Share	$3.80	$3.78	$4.39	$4.53	$4.03	$4.78	$6.00	$5.60	$5.37	$6.97
Total Capital	1,357	1,338	1,466	1,401	1,539	1,631	1,647	1,781	1,976	2,026
Total Debt	578	567	611	543	637	627	510	648	656	537
Total Long-Term Debt	389	350	537	500	584	617	461	644	497	483
Net Debt	361	324	303	338	459	390	287	455	469	304
Capital Expenditures (CapEx)	94	71	64	96	150	122	58	85	118	85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	442	439	432	495	514	463	463	587	502	476
Debt-free Net Working Capital (DFNWC)	659	683	741	700	692	699	686	781	689	709
Net Working Capital (NWC)	470	466	667	656	640	690	637	777	530	656
Net Nonoperating Expense (NNE)	-0.22	12	1.16	6.64	9.26	3.76	2.79	3.87	8.80	6.81
Net Nonoperating Obligations (NNO)	361	324	303	338	459	417	314	483	499	337
Total Depreciation and Amortization (D&A)	74	75	75	77	81	88	95	94	92	98
Debt-free, Cash-free Net Working Capital to Revenue	18.63%	19.79%	18.23%	18.11%	18.07%	17.93%	16.23%	17.76%	14.62%	13.28%
Debt-free Net Working Capital to Revenue	27.80%	30.74%	31.23%	25.59%	24.32%	27.09%	24.03%	23.61%	20.07%	19.77%
Net Working Capital to Revenue	19.83%	20.98%	28.12%	24.00%	22.49%	26.72%	22.33%	23.50%	15.44%	18.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.51	$1.43	$1.76	$1.38	$2.08	$2.03	$2.27	$2.69	$2.95	$3.43
Adjusted Weighted Average Basic Shares Outstanding	137.75M	133.80M	132.60M	130.30M	128.30M	126.90M	126.40M	123.70M	121.80M	120.70M
Adjusted Diluted Earnings per Share	$1.49	$1.42	$1.74	$1.36	$2.05	$2.00	$2.24	$2.66	$2.90	$3.38
Adjusted Weighted Average Diluted Shares Outstanding	139.38M	134.80M	134.10M	132.20M	130.30M	128.30M	128.20M	125.20M	123.60M	122.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	137.80M	132.68M	129.90M	128.07M	126.16M	126.42M	124.01M	122.50M	121.24M	119.73M
Normalized Net Operating Profit after Tax (NOPAT)	208	203	234	264	276	261	290	337	368	421
Normalized NOPAT Margin	8.77%	9.15%	9.86%	9.65%	9.72%	10.10%	10.15%	10.18%	10.71%	11.73%
Pre Tax Income Margin	12.17%	11.59%	13.58%	13.30%	13.19%	12.98%	13.35%	13.26%	13.66%	14.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	19.99	13.43	17.51	18.07	19.85	20.26	30.31	30.42	25.41	26.01
NOPAT to Interest Expense	13.68	9.82	12.00	8.78	13.89	14.99	22.28	22.60	19.15	19.66
EBIT Less CapEx to Interest Expense	13.83	10.02	14.26	13.57	12.30	13.23	25.82	24.71	19.26	22.05
NOPAT Less CapEx to Interest Expense	7.52	6.40	8.74	4.27	6.33	7.95	17.80	16.88	13.00	15.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.83%	47.80%	39.69%	52.52%	37.72%	41.40%	42.38%	33.08%	31.88%	29.66%
Augmented Payout Ratio	166.99%	91.98%	100.00%	120.19%	86.08%	78.09%	91.95%	84.35%	71.40%	68.96%

This table displays calculated financial ratios and metrics derived from Donaldson's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.11%	11.36%	3.22%	2.64%	-1.18%	-0.12%	5.84%	5.96%	6.36%	6.36%	-0.76%
EBITDA Growth	9.51%	9.29%	15.19%	7.58%	-5.21%	6.41%	13.47%	16.43%	15.14%	5.76%	-2.07%
EBIT Growth	13.33%	12.65%	20.18%	9.99%	-7.77%	6.03%	14.16%	17.69%	18.32%	5.92%	-2.75%
NOPAT Growth	22.44%	12.06%	21.41%	15.53%	-6.94%	4.66%	12.41%	18.36%	21.77%	6.27%	-2.97%
Net Income Growth	19.55%	13.10%	19.78%	12.89%	-8.92%	5.62%	14.77%	21.13%	19.37%	7.49%	-2.84%
EPS Growth	22.73%	14.75%	22.81%	13.43%	-8.64%	7.14%	15.71%	21.05%	21.62%	8.00%	-2.47%
Operating Cash Flow Growth	13.08%	175.52%	177.24%	107.80%	75.21%	16.75%	-14.96%	6.23%	-33.96%	-47.17%	3.91%
Free Cash Flow Firm Growth	-221.17%	97.76%	106.17%	37.66%	-72.30%	-7,452.45%	-770.09%	168.79%	200.13%	-15.98%	23.34%
Invested Capital Growth	11.35%	6.00%	5.03%	8.87%	12.59%	10.97%	9.26%	4.71%	0.32%	10.96%	7.60%
Revenue Q/Q Growth	4.31%	-4.80%	-2.24%	5.72%	0.43%	-3.77%	3.59%	5.84%	0.81%	-3.77%	-3.34%
EBITDA Q/Q Growth	12.12%	-7.66%	-2.23%	6.27%	-1.21%	3.67%	4.26%	9.05%	-2.30%	-4.78%	-3.47%
EBIT Q/Q Growth	15.20%	-8.67%	-2.64%	7.38%	-3.40%	4.99%	4.83%	10.70%	-2.89%	-6.01%	-3.75%
NOPAT Q/Q Growth	22.65%	-12.12%	-1.06%	8.33%	-1.19%	-1.18%	6.28%	14.06%	1.65%	-13.75%	-2.97%
Net Income Q/Q Growth	21.57%	-13.58%	-1.38%	8.95%	-1.92%	0.22%	7.17%	14.99%	-3.35%	-9.75%	-3.13%
EPS Q/Q Growth	20.90%	-13.58%	0.00%	8.57%	-2.63%	1.35%	8.00%	13.58%	-2.17%	-10.00%	-2.47%
Operating Cash Flow Q/Q Growth	69.89%	8.54%	-13.45%	30.21%	43.24%	-27.67%	-36.96%	62.64%	-10.95%	-42.14%	24.01%
Free Cash Flow Firm Q/Q Growth	13.83%	98.29%	865.84%	-652.99%	-138.17%	25.12%	32.05%	156.77%	246.68%	-186.74%	55.09%
Invested Capital Q/Q Growth	1.43%	-1.33%	4.82%	3.79%	4.89%	-2.75%	3.19%	-0.53%	0.50%	7.56%	0.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.76%	33.90%	34.34%	32.98%	34.13%	35.55%	35.20%	35.58%	35.79%	35.51%	35.16%
EBITDA Margin	17.46%	16.94%	16.94%	17.03%	16.75%	18.04%	18.16%	18.71%	18.13%	17.94%	17.92%
Operating Margin	14.53%	14.08%	14.04%	14.16%	13.71%	14.72%	14.79%	15.48%	15.63%	14.53%	14.43%
EBIT Margin	14.90%	14.29%	14.23%	14.46%	13.91%	15.17%	15.35%	16.06%	15.47%	15.11%	15.05%
Profit (Net Income) Margin	11.34%	10.29%	10.38%	10.70%	10.45%	10.88%	11.26%	12.23%	11.73%	11.00%	11.02%
Tax Burden Percent	78.52%	74.79%	75.90%	77.12%	78.35%	74.94%	76.51%	78.82%	78.69%	75.86%	76.72%
Interest Burden Percent	96.91%	96.28%	96.10%	95.97%	95.91%	95.72%	95.84%	96.64%	96.34%	95.96%	95.49%
Effective Tax Rate	21.48%	25.21%	24.10%	22.88%	21.65%	25.06%	23.49%	21.18%	21.31%	24.14%	23.28%
Return on Invested Capital (ROIC)	24.59%	23.06%	22.33%	22.58%	21.45%	22.50%	22.51%	24.25%	24.20%	21.50%	21.21%
ROIC Less NNEP Spread (ROIC-NNEP)	24.44%	22.57%	21.85%	22.16%	20.93%	22.20%	22.40%	24.33%	22.92%	21.44%	21.12%
Return on Net Nonoperating Assets (RNNOA)	8.58%	8.23%	9.00%	8.29%	8.37%	7.79%	8.08%	6.72%	6.82%	6.36%	6.30%
Return on Equity (ROE)	33.17%	31.29%	31.34%	30.87%	29.83%	30.28%	30.60%	30.97%	31.02%	27.86%	27.51%
Cash Return on Invested Capital (CROIC)	11.21%	16.52%	17.27%	14.02%	9.55%	11.70%	13.04%	17.94%	22.76%	12.47%	15.03%
Operating Return on Assets (OROA)	19.70%	19.59%	19.20%	19.15%	17.77%	19.71%	19.92%	20.46%	19.52%	18.93%	19.03%
Return on Assets (ROA)	14.99%	14.11%	14.00%	14.18%	13.35%	14.14%	14.61%	15.59%	14.80%	13.78%	13.94%
Return on Common Equity (ROCE)	33.17%	31.29%	31.34%	30.87%	29.83%	30.28%	30.60%	30.97%	31.02%	27.86%	27.51%
Return on Equity Simple (ROE_SIMPLE)	0.00%	29.69%	29.90%	28.32%	0.00%	27.22%	27.36%	26.70%	0.00%	27.28%	27.07%
Net Operating Profit after Tax (NOPAT)	102	89	88	96	94	93	99	113	115	99	96
NOPAT Margin	11.41%	10.53%	10.66%	10.92%	10.74%	11.03%	11.32%	12.20%	12.30%	11.02%	11.07%
Net Nonoperating Expense Percent (NNEP)	0.16%	0.49%	0.48%	0.43%	0.53%	0.29%	0.12%	-0.08%	1.28%	0.05%	0.09%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	4.99%	-	-	-	4.54%
Cost of Revenue to Revenue	67.24%	66.10%	65.66%	67.02%	65.87%	64.45%	64.80%	64.43%	64.21%	64.49%	64.84%
SG&A Expenses to Revenue	16.15%	17.61%	18.06%	16.65%	17.93%	18.32%	17.89%	17.43%	17.45%	18.45%	18.30%
R&D to Revenue	2.09%	2.21%	2.23%	2.17%	2.49%	2.52%	2.52%	2.67%	2.72%	2.52%	2.44%
Operating Expenses to Revenue	18.24%	19.82%	20.29%	18.82%	20.42%	20.83%	20.41%	20.10%	20.16%	20.98%	20.74%
Earnings before Interest and Taxes (EBIT)	133	121	118	127	122	128	135	149	145	136	131
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	155	144	140	149	147	153	159	174	170	162	156
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.70	5.91	6.18	5.80	5.66	5.15	5.53	5.81	6.03	5.68	5.48
Price to Tangible Book Value (P/TBV)	9.39	9.48	9.87	9.65	11.47	10.05	10.57	10.34	10.70	9.79	9.26
Price to Revenue (P/Rev)	1.95	2.01	2.16	2.19	2.18	2.01	2.19	2.44	2.50	2.41	2.33
Price to Earnings (P/E)	19.39	19.89	20.67	20.46	20.82	18.93	20.23	21.77	21.68	20.81	20.26
Dividend Yield	1.69%	1.62%	1.50%	1.48%	1.53%	1.69%	1.55%	1.40%	1.37%	1.42%	1.49%
Earnings Yield	5.16%	5.03%	4.84%	4.89%	4.80%	5.28%	4.94%	4.59%	4.61%	4.81%	4.94%
Enterprise Value to Invested Capital (EV/IC)	4.27	4.55	4.69	4.59	4.36	4.14	4.40	4.93	5.08	4.68	4.51
Enterprise Value to Revenue (EV/Rev)	2.09	2.14	2.29	2.31	2.31	2.13	2.31	2.54	2.59	2.52	2.44
Enterprise Value to EBITDA (EV/EBITDA)	12.63	12.98	13.55	13.54	13.68	12.42	13.21	14.16	14.16	13.83	13.41
Enterprise Value to EBIT (EV/EBIT)	15.24	15.55	16.09	15.98	16.27	14.78	15.70	16.77	16.67	16.27	15.80
Enterprise Value to NOPAT (EV/NOPAT)	20.52	20.97	21.65	21.25	21.60	19.68	21.00	22.38	22.05	21.52	20.91
Enterprise Value to Operating Cash Flow (EV/OCF)	27.33	22.13	19.90	17.21	14.58	12.97	14.64	16.07	18.84	21.48	20.56
Enterprise Value to Free Cash Flow (EV/FCFF)	40.20	28.37	27.79	34.13	48.38	37.19	35.24	28.12	22.36	39.44	31.09
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.57	0.52	0.53	0.48	0.50	0.49	0.45	0.37	0.36	0.42	0.37
Long-Term Debt to Equity	0.57	0.52	0.52	0.36	0.38	0.27	0.26	0.32	0.32	0.35	0.33
Financial Leverage	0.35	0.36	0.41	0.37	0.40	0.35	0.36	0.28	0.30	0.30	0.30
Leverage Ratio	2.20	2.18	2.19	2.14	2.19	2.12	2.09	1.99	2.02	2.02	1.97
Compound Leverage Factor	2.13	2.10	2.11	2.06	2.10	2.03	2.00	1.92	1.95	1.94	1.88
Debt to Total Capital	36.38%	34.23%	34.49%	32.39%	33.18%	32.77%	30.86%	27.26%	26.49%	29.38%	27.21%
Short-Term Debt to Total Capital	0.21%	0.01%	0.22%	7.89%	8.05%	14.33%	13.17%	3.65%	2.63%	4.72%	2.96%
Long-Term Debt to Total Capital	36.17%	34.21%	34.27%	24.50%	25.13%	18.45%	17.69%	23.62%	23.86%	24.65%	24.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	63.62%	65.77%	65.51%	67.61%	66.82%	67.23%	69.14%	72.74%	73.51%	70.62%	72.79%
Debt to EBITDA	1.18	1.07	1.09	1.06	1.13	1.11	1.01	0.88	0.82	0.97	0.87
Net Debt to EBITDA	0.83	0.79	0.78	0.74	0.81	0.74	0.69	0.53	0.46	0.63	0.59
Long-Term Debt to EBITDA	1.18	1.07	1.08	0.80	0.86	0.62	0.58	0.76	0.74	0.81	0.78
Debt to NOPAT	1.92	1.74	1.74	1.66	1.78	1.75	1.60	1.39	1.28	1.50	1.36
Net Debt to NOPAT	1.35	1.27	1.24	1.16	1.27	1.17	1.10	0.83	0.72	0.99	0.92
Long-Term Debt to NOPAT	1.91	1.73	1.73	1.26	1.35	0.99	0.92	1.20	1.15	1.26	1.21
Altman Z-Score	5.43	5.97	6.10	6.09	5.76	5.56	5.95	6.57	6.58	6.25	6.41
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.23	2.35	2.33	1.90	1.70	1.49	1.47	1.91	1.84	1.85	1.86
Quick Ratio	1.29	1.31	1.30	1.14	1.04	0.91	0.89	1.17	1.10	1.06	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-63	-1.08	8.28	-46	-109	-82	-55	31	109	-95	-43
Operating Cash Flow to CapEx	379.44%	420.64%	346.78%	378.41%	742.41%	594.83%	408.45%	664.32%	636.36%	291.60%	478.31%
Free Cash Flow to Firm to Interest Expense	-15.43	-0.24	1.80	-8.97	-21.80	-14.84	-9.90	6.30	20.59	-17.21	-7.21
Operating Cash Flow to Interest Expense	26.56	26.27	22.24	26.12	38.16	25.09	15.54	28.30	23.77	13.25	15.32
Operating Cash Flow Less CapEx to Interest Expense	19.56	20.02	15.83	19.22	33.02	20.87	11.73	24.04	20.04	8.71	12.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.32	1.37	1.35	1.32	1.28	1.30	1.30	1.27	1.26	1.25	1.26
Accounts Receivable Turnover	5.66	6.01	6.06	5.68	5.64	5.88	5.93	5.58	5.83	6.00	6.07
Inventory Turnover	5.05	4.91	4.66	4.77	4.93	4.90	4.88	5.12	5.17	4.94	4.81
Fixed Asset Turnover	5.46	5.65	5.57	5.59	5.50	5.56	5.47	5.50	5.52	5.64	5.66
Accounts Payable Turnover	7.08	7.28	7.30	7.08	7.06	6.99	7.26	6.73	6.76	6.72	6.68
Days Sales Outstanding (DSO)	64.54	60.74	60.21	64.26	64.70	62.08	61.59	65.38	62.56	60.86	60.12
Days Inventory Outstanding (DIO)	72.28	74.32	78.38	76.56	74.00	74.42	74.83	71.26	70.64	73.84	75.88
Days Payable Outstanding (DPO)	51.54	50.15	50.01	51.57	51.72	52.24	50.27	54.27	54.02	54.31	54.60
Cash Conversion Cycle (CCC)	85.28	84.92	88.57	89.26	86.98	84.26	86.15	82.37	79.18	80.39	81.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,616	1,595	1,672	1,735	1,820	1,770	1,826	1,817	1,826	1,964	1,965
Invested Capital Turnover	2.16	2.19	2.10	2.07	2.00	2.04	1.99	1.99	1.97	1.95	1.92
Increase / (Decrease) in Invested Capital	165	90	80	141	204	175	155	82	5.90	194	139
Enterprise Value (EV)	6,909	7,262	7,832	7,963	7,940	7,318	8,035	8,958	9,279	9,180	8,857
Market Capitalization	6,454	6,822	7,382	7,527	7,471	6,884	7,614	8,625	8,975	8,760	8,469
Book Value per Share	$9.22	$9.43	$9.81	$10.71	$10.89	$11.02	$11.45	$12.33	$12.37	$12.89	$12.93
Tangible Book Value per Share	$5.60	$5.87	$6.14	$6.43	$5.37	$5.65	$6.00	$6.93	$6.97	$7.47	$7.66
Total Capital	1,781	1,756	1,823	1,921	1,976	1,988	1,990	2,040	2,026	2,185	2,122
Total Debt	648	601	629	622	656	651	614	556	537	642	577
Total Long-Term Debt	644	601	625	471	497	367	352	482	483	539	515
Net Debt	455	440	449	436	469	434	420	333	304	421	388
Capital Expenditures (CapEx)	29	28	30	35	26	23	21	21	20	25	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	587	605	594	606	502	498	492	516	476	561	530
Debt-free Net Working Capital (DFNWC)	781	766	773	792	689	715	686	740	709	782	719
Net Working Capital (NWC)	777	766	769	641	530	431	424	666	656	679	657
Net Nonoperating Expense (NNE)	0.63	2.02	2.28	1.93	2.59	1.27	0.54	-0.32	5.35	0.23	0.38
Net Nonoperating Obligations (NNO)	483	440	477	436	499	434	450	333	337	421	421
Total Depreciation and Amortization (D&A)	23	22	22	23	25	24	25	25	25	26	25
Debt-free, Cash-free Net Working Capital to Revenue	17.76%	17.84%	17.36%	17.62%	14.62%	14.51%	14.15%	14.62%	13.28%	15.41%	14.60%
Debt-free Net Working Capital to Revenue	23.61%	22.58%	22.61%	23.02%	20.07%	20.86%	19.72%	20.96%	19.77%	21.48%	19.80%
Net Working Capital to Revenue	23.50%	22.58%	22.49%	18.62%	15.44%	12.55%	12.18%	18.85%	18.28%	18.65%	18.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.82	$0.71	$0.71	$0.77	$0.76	$0.76	$0.82	$0.94	$0.91	$0.83	$0.80
Adjusted Weighted Average Basic Shares Outstanding	123.70M	122.60M	121.70M	121.60M	121.80M	120.90M	120.50M	120.80M	120.70M	119.90M	119.60M
Adjusted Diluted Earnings per Share	$0.81	$0.70	$0.70	$0.76	$0.74	$0.75	$0.81	$0.92	$0.90	$0.81	$0.79
Adjusted Weighted Average Diluted Shares Outstanding	125.20M	123.90M	123.30M	123.50M	123.60M	122.60M	122.10M	122.90M	122.60M	121.90M	121.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	122.50M	121.69M	121.28M	121.24M	121.24M	120.14M	120.37M	120.41M	119.73M	119.42M	119.52M
Normalized Net Operating Profit after Tax (NOPAT)	102	89	88	96	94	93	99	113	115	99	96
Normalized NOPAT Margin	11.41%	10.53%	10.66%	10.92%	10.74%	11.03%	11.32%	12.20%	12.30%	11.02%	11.07%
Pre Tax Income Margin	14.44%	13.76%	13.68%	13.87%	13.34%	14.52%	14.71%	15.52%	14.90%	14.50%	14.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	32.34	26.91	25.63	24.82	24.46	23.35	24.04	29.80	27.30	24.73	22.19
NOPAT to Interest Expense	24.76	19.83	19.19	18.75	18.90	16.98	17.72	22.64	21.71	18.04	16.32
EBIT Less CapEx to Interest Expense	25.34	20.67	19.22	17.92	19.32	19.13	20.23	25.54	23.57	20.18	18.98
NOPAT Less CapEx to Interest Expense	17.76	13.58	12.78	11.85	13.76	12.76	13.92	18.38	17.97	13.50	13.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.08%	32.34%	31.28%	30.56%	31.88%	32.00%	31.48%	30.44%	29.66%	29.70%	30.40%
Augmented Payout Ratio	84.35%	65.41%	78.94%	67.59%	71.40%	73.08%	61.56%	64.84%	68.96%	73.37%	68.12%

Frequently Asked Questions About Donaldson's Financials

When does Donaldson's financial year end?

According to the most recent income statement we have on file, Donaldson's fiscal year ends in July. Their fiscal year 2024 ended on July 31, 2024.

How has Donaldson's net income changed over the last 9 years?

Donaldson's net income appears to be on an upward trend, with a most recent value of $414 million in 2024, rising from $208.10 million in 2015. The previous period was $358.80 million in 2023.

What is Donaldson's operating income?

Donaldson's total operating income in 2024 was $544.10 million, based on the following breakdown:

Total Gross Profit: $1.27 billion
Total Operating Expenses: $730.30 million

How has Donaldson revenue changed over the last 9 years?

Over the last 9 years, Donaldson's total revenue changed from $2.37 billion in 2015 to $3.59 billion in 2024, a change of 51.2%.

How much debt does Donaldson have?

Donaldson's total liabilities were at $1.43 billion at the end of 2024, a 1.7% decrease from 2023, and a 38.3% increase since 2015.

How much cash does Donaldson have?

In the past 9 years, Donaldson's cash and equivalents has ranged from $177.80 million in 2019 to $308.40 million in 2017, and is currently $232.70 million as of their latest financial filing in 2024.

How has Donaldson's book value per share changed over the last 9 years?

Over the last 9 years, Donaldson's book value per share changed from 5.73 in 2015 to 12.37 in 2024, a change of 115.9%.

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This page (NYSE:DCI) was last updated on 4/15/2025 by MarketBeat.com Staff

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Donaldson (DCI) Financials

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