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DONALDSON Co INC DCI

NYSE · stock · Industrial & Commercial Fans & Blowers & Air Purifing Equip · website · IPO 1980-05-17

DONALDSON Co INC statistics & valuation

Market cap$10.3B
P / E28.0×
P / S2.8×
P / B7.1×
P / FCF30.2×
Dividend yield1.29%
Net margin9.9%
Return on equity25.2%
FCF margin9.2%
Net debt$459.6M
Net debt / EBITDA0.8×
Enterprise value USD$10.7B
EV / EBITDA18×
Earnings yield EBIT/EV4.6%
Return on capital22.3%
Graham number -70.1%$28.78

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($28.78); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.60% 9.80% 6.60% 9.40% 10.00% 10.10% 10.10% 10.50% 11.50% 9.90% 2016201720182019202020212022202320242025
Gross margin (%)
34.00% 34.60% 34.20% 33.30% 33.80% 34.00% 32.30% 33.80% 35.50% 34.80% 2016201720182019202020212022202320242025
Operating margin (%)
12.30% 13.60% 13.80% 13.60% 13.20% 13.50% 13.40% 14.00% 15.20% 13.40% 2016201720182019202020212022202320242025
Return on equity (%)
24.70% 27.20% 21.00% 29.90% 25.90% 25.20% 29.40% 27.20% 27.80% 25.20% 2016201720182019202020212022202320242025
Shares outstanding
134.8M 134.1M 132.2M 130.3M 128.3M 128.2M 125.2M 123.6M 122.6M 120.4M 2016201720182019202020212022202320242025
Net debt ($)
$159.8M $279.5M $310.2M $456.8M $388.4M $240.5M $453.4M $436.3M $277.3M $459.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
10.70% 11.80% 9.10% 12.50% 11.40% 12.00% 12.80% 13.00% 14.20% 12.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
9.80% 10.60% 6.00% 6.90% 10.20% 12.00% 5.10% 12.40% 11.30% 9.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.52× 0.69× 0.60× 0.71× 0.63× 0.41× 0.57× 0.47× 0.34× 0.44× 2016201720182019202020212022202320242025
EPS ($)
$1.42 $1.74 $1.36 $2.05 $2.00 $2.24 $2.66 $2.90 $3.38 $3.05 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DONALDSON Co INC trades at about 31.6× earnings — above its 10-year norm (10-year range 19.3×–37.2×, median 26.1×).

19.3× 37.2×

Shaded band = 10-year range (19.3×–37.2×); dot = today's 31.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin34.8%35.5%33.8%32.3%34.0%33.8%33.3%34.2%34.6%34.0%
Operating margin13.4%15.2%14.0%13.4%13.5%13.2%13.6%13.8%13.6%12.3%
Net margin9.9%11.5%10.5%10.1%10.1%10.0%9.4%6.6%9.8%8.6%
FCF margin9.2%11.3%12.4%5.1%12.0%10.2%6.9%6.0%10.6%9.8%
Return on assets12.3%14.2%13.0%12.8%12.0%11.4%12.5%9.1%11.8%10.7%
Return on equity25.2%27.8%27.2%29.4%25.2%25.9%29.9%21.0%27.2%24.7%
Debt / equity0.44×0.34×0.47×0.57×0.41×0.63×0.71×0.60×0.69×0.52×
Current ratio1.931.841.702.232.052.702.322.402.381.86

Computed from company filings · US · as of 2025-07-31. Facts plus Stocktoria's own computed scores — not investment advice.