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Nordson Corporation

NDSN Industrials Specialty Industrial Machinery

Nordson Corporation’s revenue for fiscal 2025 (year ended October 2025) was $2.8 billion, up 3.78% from fiscal 2024.

Revenue
+10.3%
EPS
+22.9%
Free cash flow
+4.57%
Total debt
−18.3%

Quarter to July 2026, against a year earlier

310.96 19.74 −5.97%
Market cap
$17.3B
P/E
31.3×
Fwd P/E
31.5×
Dividend yield
1.09%
F-score
5/9
Altman Z
4.80
Beneish M
−2.66
Dividend safety
89/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Industrial Precision Solutions
  • Medical and Fluid Solutions
  • Advanced Technology Solutions

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 23.49
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 3 — 3 — — — 2 2 1 —
Insider Ownership 5.79%

Capital & Financial Ratios $m

Size
Market Cap 17,290.00
Revenue ttm 2,979.80
Net income ttm 555.18
Free cash flow ttm 725.12
Net debt Q 1,626.33
Valuation
P/E 31.32
Forward P/E 31.50
Price / sales 5.81
Forward P/S Powerpack
Price / FCF 23.89
Price / book 5.30
Financial health
Current ratio Q 1.82 (at or above 1.5: strong)
Debt / equity Q 0.53
Interest coverage Q 10.71
Growth
Revenue growth Q +10.27% (above 0%: growing)
Operating income growth Q +18.81% (above 0%: growing)
EPS, this year +16.59% (at or above 15%: strong)
EPS, next year A +8.63%
Revenue, next year A +9.50%
EPS, past 5 yrs +14.79%
EPS, next 5 yrs A +11.19%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 6.4×, against a ten-year median of 5.3×; over the ten years it ranged from 2.8× in 2016 to 6.7× in 2026.
P/E against its own 10 years 80.56%
10-year low 10-year high
P/S against its own 10 years 92.59%
10-year low 10-year high
P/B against its own 10 years 33.74%
10-year low 10-year high
EV/Sales against its own 10 years 94.13%
10-year low 10-year high
EV/FCF against its own 10 years 37.26%
10-year low 10-year high

Dividends

Yield
1.09%
Annual rate
3.40
Payout ratio
34.4%
Growth, 2017–25
+16.9%/yr
  1. 1.14 ’17
  2. 1.30 ’18 +14
  3. 1.46 ’19 +12
  4. 1.54 ’20 +5
  5. 1.80 ’21 +17
  6. 2.32 ’22 +29
  7. 2.66 ’23 +15
  8. 2.14 ’24 −20
  9. 3.98 ’25 +86
  10. 3.54 ’26e −11
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 116 116 108 113
Receivables 591 595 588 649
Inventory 455 477 445 469
Other — 87 102 96
1,229 1,275 1,243 1,328
2023 2024 2025 Q'26
Payables 106 98 121 155
ST’ Debt 116 104 315 202
Other — — — —
582 528 758 728

Compound Annual Growth %

10y 5y 3y
Sales 5.16% 5.65% 2.53%
Cash Flow 10.63% 7.44% 11.91%
Earnings 8.66% 14.19% (1.90%)
Book Value 16.52% 11.59% 9.88%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 3.09 Actual 3.25

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 2.93 3.03 Beat by 0.10
Q1 FY26 2.36 2.37 Beat by 0.01
Q2 FY26 2.82 2.86 Beat by 0.04
Q3 FY26 3.09 3.25 Beat by 0.16
Q4 FY26 3.46 — Reports 9 December 2026

EPS $

Jan Apr Jul Oct Year
’26 2.38 2.09 2.73 — —
’25 1.65 1.97 2.22 2.69 8.51
’24 1.90 2.05 2.04 2.12 8.11
’23 1.81 2.21 2.22 2.22 8.46
’22 2.05 1.88 2.45 2.44 8.81
’21 1.32 2.12 2.42 1.88 7.74
’20 0.89 1.58 1.49 0.31 4.27
Fiscal quarters ending in the months shown.

Revenue $m

Jan Apr Jul Oct Year
’26 669 741 818 — —
’25 615 683 742 752 2,792
’24 633 651 662 744 2,690
’23 610 650 649 719 2,629
’22 609 635 662 684 2,590
’21 527 590 647 599 2,362
’20 495 529 538 559 2,121
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jan Apr Jul Oct Year
’26 140 181 249 — —
’25 159 119 238 203 719
’24 172 123 165 96 556
’23 123 165 190 163 641
’22 118 96 125 173 513
’21 143 104 128 170 546
’20 116 102 92 192 502
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jan Apr Jul Oct Year
’26 124 170 237 — —
’25 138 103 226 194 661
’24 165 108 143 76 492
’23 114 159 181 153 607
’22 106 84 111 161 462
’21 135 94 118 160 508
’20 102 90 82 179 453
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 9.7% a year for ten years. It grew 10.8% a year over the last ten.

Implied
9.7%
10 years, reported
10.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to October

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jul ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,809 2,067 2,255 2,194 2,121 2,362 2,590 2,629 2,690 2,792 2,980 +4.9% 3,057 3,214 3,413 +6.9%
Gross margin, % 54.92 55.12 54.83 54.33 53.30 56.05 55.07 54.23 55.25 55.16 55.29 +0.2 pt
EBT 368 420 449 431 301 574 649 615 585 598 675 +5.5%
EBT margin, % 20.37 20.33 19.89 19.65 14.21 24.31 25.07 23.41 21.77 21.41 22.64 +1.0 pt
Net income 272 296 377 337 250 454 513 487 467 484 555 +6.6%
Per share, $
Per share, $ Revenue 31.70 35.93 38.89 38.19 36.72 40.66 44.95 46.04 47.05 49.32 53.48 +5.0%
Earnings 4.76 5.14 6.51 5.87 4.32 7.82 8.90 8.54 8.17 8.56 9.93 +6.7%
Cash flow 5.86 6.20 8.71 6.66 8.70 9.40 8.90 11.23 9.73 12.70 13.88 +9.0%
Capex (1.04) (1.17) (1.54) (1.10) (0.86) (0.66) (0.89) (0.60) (1.13) (1.02) (0.87) (0.3%)
Free cash flow 4.82 5.03 7.16 5.57 7.84 8.74 8.02 10.63 8.60 11.68 13.02 +10.3%
Book value 14.92 20.08 25.03 27.51 30.46 37.17 39.81 45.51 51.28 53.77 58.68 +15.3%
Shares, m 57 58 58 57 58 58 58 57 57 57 56 (0.1%)
Valuation, ×
Valuation, × P/E 20.99 24.70 18.86 26.71 45.50 33.04 25.25 24.92 30.30 27.07 31.32 27.7
P/S 3.16 3.53 3.15 4.11 5.36 6.36 5.01 4.62 5.27 4.70 5.81 4.5
P/B 6.71 6.31 4.90 5.70 6.47 6.96 5.65 4.67 4.83 4.31 5.30 5.7
EV/Sales 3.67 4.25 3.70 4.61 5.79 6.59 5.23 5.24 6.05 5.38 6.36 5.1
EV/FCF 24.13 30.40 20.08 31.61 27.14 30.65 29.33 22.69 33.09 22.72 26.14 27.2
Cash, $m
Cash, $m Operating cash flow 335 357 505 383 502 546 513 641 556 719 773 +8.9%
Capex (60) (68) (89) (63) (50) (38) (51) (34) (64) (58) (48) (0.3%)
Free cash flow 275 289 415 320 453 508 462 607 492 661 725 +10.2%
Balance, $m
Balance, $m Working capital 414 241 534 534 658 719 299 647 747 485 599 +1.8%
Net debt 923 1,502 1,227 1,102 908 531 586 1,633 2,101 1,896 1,626 +8.3%
Shareholders’ equity 852 1,155 1,451 1,581 1,759 2,159 2,294 2,598 2,932 3,044 3,269 +15.2%
Returns, %
Returns, % ROA 11.37 10.14 11.04 9.72 6.94 12.17 13.48 10.75 8.31 8.13 9.29 (3.2) pt
ROIC 13.68 10.97 11.73 11.25 8.19 14.29 15.24 9.94 8.37 9.01 10.23 (4.7) pt
ROE 35.97 29.48 28.96 22.24 14.94 23.19 23.04 19.93 16.90 16.21 17.76 (19.8) pt
People
People Employees 6,127 7,532 7,536 7,579 7,555 6,813 7,331 7,900 8,000 8,000 — +3.0%
Revenue/emp, $m 0.30 0.27 0.30 0.29 0.28 0.35 0.35 0.33 0.34 0.35 — +1.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026

Business profile

Updated

Nordson is a precision-technology manufacturer headquartered in Westlake, Ohio. It was founded in 1954 and engineers, makes and sells equipment and components that dispense, apply and control fluids and materials; test and inspect production output; and treat or cure surfaces.

In practical terms, its systems help factories apply adhesives, coatings, sealants, polymers and biomaterials accurately. Its range runs from single-use medical and fluid components to manual equipment and automated systems used on high-speed production lines. It also makes medical components and interventional-device solutions, including tubing, balloons, delivery systems, cannulas and drug-delivery components.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Industrial Precision Solutions 1,332 47.71%
Medical and Fluid Solutions 835 29.92%
Advanced Technology Solutions 625 22.37%
Gross margin 55.16%
Operating margin 25.49%
Pre-tax margin 21.41%

Revenue by segment since 2009

Nordson Corporation vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DOV Dover Corporation $26.9B 23.5× 22.9× +7.51% (above 0%: growing) +12.73% (above 0%: growing) +3.58% (above 0%: growing) 40.44% 18.77% Compare
XYL Xylem Inc. $22.9B 22.1× 21.3× −2.95% (below 0%: shrinking) +33.08% (above 0%: growing) −16.49% (below 0%: shrinking) 41.21% 17.49% Compare
SYM Symbotic Inc. $21.2B 354× 220× +21.74% (above 0%: growing) n/m +22.12% (above 0%: growing) 22.32% 4.56% Compare
ITT ITT Inc. $17.5B 40.5× 43.4× +44.19% (above 0%: growing) −15.34% (below 0%: shrinking) +93.91% (above 0%: growing) 0.00% 0.00% Compare
NDSN Nordson Corporation $17.3B 31.3× 31.5× +10.27% (above 0%: growing) +22.87% (above 0%: growing) +4.57% (above 0%: growing) 55.49% 27.28%
IEX IDEX Corporation $16.4B 30.8× 31.3× +8.31% (above 0%: growing) +14.94% (above 0%: growing) +13.57% (above 0%: growing) 45.13% 21.86% Compare
WTS Watts Water Technologies, Inc. $11.6B 26.0× 28.0× +19.01% (above 0%: growing) +77.14% (above 0%: growing) +18.94% (above 0%: growing) 55.08% 26.21% Compare
CR Crane Company $11.4B 33.5× 31.3× +28.07% (above 0%: growing) +7.91% (above 0%: growing) −0.43% (below 0%: shrinking) 41.69% 18.63% Compare
RRX Regal Rexnord Corporation $10.7B 46.2× 27.7× +6.08% (above 0%: growing) n/m +11.74% (above 0%: growing) 37.17% 5.13% Compare
Median of peers $16.9B 32.2× 29.7× +13.66% +13.84% +12.66% 40.83% 18.06%

All 79 Specialty Industrial Machinery stocks →

From the latest earnings call

Updated

  • Sundaram Nagarajan said broad-based order momentum lifted backlog 35% from a year earlier, with particular strength in Advanced Technology Solutions and medical.
  • Dan Hopgood said Medical and Fluid Solutions and Advanced Technology Solutions order momentum accelerated, while Industrial Precision Solutions remained steady.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 76.00%
Held by the ten largest 39.49%
Holder Shares Stake Change
Vanguard 6.29m 11.29% +27.84k
BlackRock 4.14m 7.43% +188.00k
State Street 2.98m 5.34% +71.13k
Geode Capital Management 1.91m 3.42% +363.36k
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.71m 3.08% −331.49k
Morgan Stanley 1.42m 2.55% −22.34k
Invesco 1.32m 2.37% +358.68k
Fidelity (FMR) 840.40k 1.51% +26.98k
Norges Bank 715.04k 1.28% +715.04k
JPMorgan Chase 684.87k 1.23% +48.66k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 16 January 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.15m 7.16m 127.44
2024 8.57m 11.02m 132.45
2023 7.06m 4.26m 113.14
2022 8.43m 7.62m 118.41
2021 10.31m 11.89m 132.51

Ownership

Directors and executive officers, together less than 1%
The Vanguard Group 10.90%
BlackRock, Inc. 6.90%
State Street Corporation 5.30%
Jennifer A. Savage 5.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Nordson Corporation (NDSN) Latest News

30 Oct

Impact 3 · · Insider Monkey

29 Oct

Impact 3 · · Barchart

26 Oct

Impact 3 · · StockStory

23 Oct

Impact 4 · · Business Wire

8 Oct

Impact 4 · · Zacks

25 Sep

Impact 4 · · Zacks

24 Sep

Impact 4 · · Insider Monkey
Impact 3 ·

23 Sep

Impact 4 · · Barchart
Impact 3 · · Simply Wall St.

20 Sep

Impact 4 · · Insider Monkey

15 Sep

Impact 3 · · The Motley Fool

6 Sep

Impact 3 ·

4 Sep

Impact 4 ·

26 Aug

Impact 3 ·

25 Aug

Impact 3 ·

21 Aug

Impact 4 · · Trefis
Impact 3 ·
Impact 3 ·

20 Aug

Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 · · Moby transcript

19 Aug

Impact 4 ·
Impact 4 ·
Impact 3 ·

23 May

Impact 4 · · StockStory

21 May

Impact 4 · · GuruFocus.com

NDSN metrics, ten years each

stockrow.com/NDSN · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com