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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 / E22.6×
P / S2.6×
P / B5.8×
P / FCF24.1×
Dividend yield1.38%
Net margin11.7%
Return on equity25.7%
FCF margin11.0%
Net debt$1.0B
Net debt / EBITDA1.5×
Enterprise value USD$11.3B
EV / EBITDA16×
Earnings yield EBIT/EV5.3%
Return on capital18.8%
Graham number -58.8%$36.01

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 ($36.01); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.80% 6.60% 9.40% 10.00% 10.10% 10.10% 10.50% 11.50% 9.90% 11.70% 2017201820192020202120222023202420252026
Gross margin (%)
34.60% 34.20% 33.30% 33.80% 34.00% 32.30% 33.80% 35.50% 34.80% 34.60% 2017201820192020202120222023202420252026
Operating margin (%)
13.60% 13.80% 13.60% 13.20% 13.50% 13.40% 14.00% 15.20% 13.40% 15.40% 2017201820192020202120222023202420252026
Return on equity (%)
27.20% 21.00% 29.90% 25.90% 25.20% 29.40% 27.20% 27.80% 25.20% 25.70% 2017201820192020202120222023202420252026
Shares outstanding
134.1M 132.2M 130.3M 128.3M 128.2M 125.2M 123.6M 122.6M 120.4M 117.9M 2017201820192020202120222023202420252026
Net debt ($)
$279.5M $310.2M $456.8M $388.4M $240.5M $453.4M $436.3M $277.3M $459.6M $1.03B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
11.80% 9.10% 12.50% 11.40% 12.00% 12.80% 13.00% 14.20% 12.30% 11.40% 2017201820192020202120222023202420252026
Free cash flow margin (%)
10.60% 6.00% 6.90% 10.20% 12.00% 5.10% 12.40% 11.30% 9.20% 11.00% 2017201820192020202120222023202420252026
Debt / equity (×)
0.69× 0.60× 0.71× 0.63× 0.41× 0.57× 0.47× 0.34× 0.44× 0.73× 2017201820192020202120222023202420252026
EPS ($)
$1.74 $1.36 $2.05 $2.00 $2.24 $2.66 $2.90 $3.38 $3.05 $3.85 2017201820192020202120222023202420252026

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 22.7× earnings — near its 10-year norm (10-year range 19.3×–37.2×, median 25.2×).

19.3× 37.2×

Shaded band = 10-year range (19.3×–37.2×); dot = today's 22.7×.

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)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin34.6%34.8%35.5%33.8%32.3%34.0%33.8%33.3%34.2%34.6%
Operating margin15.4%13.4%15.2%14.0%13.4%13.5%13.2%13.6%13.8%13.6%
Net margin11.7%9.9%11.5%10.5%10.1%10.1%10.0%9.4%6.6%9.8%
FCF margin11.0%9.2%11.3%12.4%5.1%12.0%10.2%6.9%6.0%10.6%
Return on assets11.4%12.3%14.2%13.0%12.8%12.0%11.4%12.5%9.1%11.8%
Return on equity25.7%25.2%27.8%27.2%29.4%25.2%25.9%29.9%21.0%27.2%
Debt / equity0.73×0.44×0.34×0.47×0.57×0.41×0.63×0.71×0.60×0.69×
Current ratio2.081.931.841.702.232.052.702.322.402.38

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