Nordson Corporation

NDSN · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$13,032	$14,175	$12,121	$12,872	$14,789	$11,253	$9,123	$7,137	$7,370	$5,825	$4,145	$4,873	$4,629	$3,802	$3,085	$2,646	$1,772	$1,246	$1,795	$1,537	$1,328	$1,239	$934	$865	$734	$931	$733	$740	$856	$980	$1,072	$1,063	$1,022	$910	$807	$374	$519	$461	$275	$201	$110
Enterprise value	$15,081	$16,460	$13,960	$13,660	$15,538	$12,403	$10,231	$8,368	$8,878	$6,755	$5,225	$5,646	$5,255	$4,410	$3,376	$2,716	$1,918	$1,530	$2,123	$1,615	$1,499	$1,363	$1,175	$1,155	$1,131	$1,090	$932	$902	$1,002	$1,094	$1,138	$1,110	$1,051	$979	$862	$439	$583	$469	$255	$210	$109
P/E (TTM) at period end	26.90×	30.33×	24.86×	25.09×	32.55×	45.10×	27.06×	18.91×	24.92×	21.43×	19.63×	19.75×	20.87×	16.91×	13.87×	15.75×	–	10.60×	19.79×	16.96×	16.95×	19.57×	26.57×	39.20×	29.81×	17.04×	15.43×	35.56×	17.12×	18.46×	20.34×	22.76×	28.38×	23.04×	23.89×	12.75×	15.17×	14.59×	11.12×	14.59×	11.36×
P/S (TTM) at period end	4.67×	5.27×	4.61×	4.97×	6.26×	5.31×	4.16×	3.17×	3.57×	3.22×	2.45×	2.86×	3.00×	2.70×	2.50×	2.54×	2.16×	1.11×	1.81×	1.72×	1.58×	1.56×	1.40×	1.34×	1.00×	1.26×	1.05×	1.12×	1.34×	1.61×	1.84×	2.10×	2.21×	2.14×	2.08×	1.08×	1.84×	1.88×	1.34×	1.19×	0.79×
P/B at period end	4.28×	4.83×	4.67×	5.61×	6.85×	6.40×	5.77×	4.92×	6.38×	6.84×	6.28×	5.39×	5.21×	5.68×	5.40×	5.24×	4.79×	2.17×	3.38×	3.57×	4.01×	3.07×	3.11×	3.22×	2.78×	3.77×	3.31×	3.44×	3.88×	4.00×	4.63×	5.01×	5.20×	5.12×	5.29×	2.87×	4.85×	5.17×	2.71×	2.46×	1.52×
EV / EBITDA (TTM)	19.26×	22.45×	19.26×	18.18×	23.25×	30.56×	19.00×	15.06×	17.33×	15.72×	14.70×	14.06×	14.78×	12.25×	10.04×	10.55×	–	7.06×	11.79×	9.45×	9.73×	9.37×	12.06×	14.00×	11.15×	8.34×	8.52×	9.38×	10.08×	10.16×	10.89×	11.97×	12.44×	11.67×	11.79×	7.08×	9.52×	–	–	–	–
EV / Sales (TTM)	5.40×	6.12×	5.31×	5.27×	6.58×	5.85×	4.66×	3.71×	4.29×	3.73×	3.09×	3.31×	3.41×	3.13×	2.74×	2.61×	2.34×	1.36×	2.14×	1.81×	1.79×	1.72×	1.76×	1.78×	1.55×	1.47×	1.33×	1.36×	1.57×	1.80×	1.96×	2.19×	2.28×	2.30×	2.22×	1.27×	2.07×	1.92×	1.24×	1.25×	0.78×
Returns
Return on equity	15.9%	15.9%	18.8%	22.4%	21.0%	14.2%	21.3%	26.0%	25.6%	31.9%	32.0%	27.3%	25.0%	33.6%	38.9%	33.3%	(43.3%)	20.5%	17.1%	21.0%	23.7%	15.7%	11.7%	8.2%	9.3%	22.1%	21.5%	9.7%	22.7%	21.6%	22.8%	22.0%	18.3%	22.2%	22.1%	22.5%	32.0%	35.5%	24.4%	16.9%	13.4%
Return on invested capital	11.3%	10.3%	12.0%	18.0%	16.7%	9.9%	14.0%	15.8%	12.3%	16.1%	12.8%	15.3%	15.3%	18.1%	25.9%	29.3%	(24.8%)	14.5%	11.8%	20.8%	18.3%	15.2%	8.4%	6.4%	5.9%	16.2%	12.7%	10.1%	14.1%	15.3%	18.4%	18.9%	19.5%	17.7%	18.3%	16.6%	20.4%	32.9%	30.0%	15.4%	13.5%
Dividend yield	1.4%	1.1%	1.2%	1.0%	0.7%	0.8%	0.9%	1.0%	0.9%	1.0%	1.3%	1.0%	0.9%	0.9%	1.0%	1.0%	1.4%	2.0%	1.3%	1.5%	1.8%	1.8%	2.2%	2.2%	2.5%	1.8%	2.2%	2.0%	1.6%	1.3%	1.1%	1.0%	0.9%	0.9%	0.9%	1.8%	1.2%	–	–	–	–
Financial health
Current ratio	1.64×	2.41×	2.11×	1.36×	2.62×	2.81×	2.12×	2.52×	1.37×	2.25×	2.45×	1.81×	2.54×	1.71×	2.62×	2.35×	2.22×	1.03×	0.80×	1.44×	1.25×	1.85×	1.31×	1.09×	1.02×	1.46×	1.35×	1.59×	1.77×	1.53×	1.84×	2.03×	2.08×	1.83×	1.81×	1.61×	1.53×	2.15×	2.76×	2.57×	2.85×
Debt / equity	0.66×	0.75×	0.67×	0.32×	0.38×	0.63×	0.79×	0.91×	1.37×	1.15×	1.69×	0.77×	0.73×	0.87×	0.56×	0.25×	0.42×	0.50×	0.66×	0.28×	0.54×	0.45×	0.81×	1.09×	1.52×	0.65×	0.97×	0.79×	0.67×	0.50×	0.29×	0.24×	0.24×	0.43×	0.42×	0.56×	0.63×	0.27×	0.23×	0.33×	0.24×
Effective tax rate	18.9%	20.2%	20.8%	21.0%	20.9%	17.2%	21.8%	15.9%	29.6%	26.2%	29.8%	30.0%	28.7%	31.1%	29.3%	27.4%	(25.8%)	34.6%	33.2%	28.4%	29.6%	32.5%	33.0%	33.0%	34.7%	34.5%	33.5%	46.5%	30.4%	34.5%	34.7%	34.1%	34.5%	34.9%	35.0%	34.6%	34.0%	35.0%	37.8%	37.8%	39.0%
Share count
Diluted shares outstanding	57	58	58	58	59	58	58	59	58	58	61	64	65	65	68	68	67	69	68	68	73	73	68	67	66	66	67	66	70	73	74	76	77	77	76	76	77	81	84	81	88

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$2,980	$2,792	$2,690	$2,629	$2,590	$2,362	$2,121	$2,194	$2,255	$2,067	$1,809	$1,689	$1,704	$1,543	$1,410	$1,233	$1,042	$819	$1,125	$994	$892	$839	$794	$667	$648	$731	$741	$700	$661	$637	$609	$581	$507	$462	$426	$388	$345	$282	$245	$205	$169	$140
Cost of revenue	($1,332)	($1,252)	($1,204)	($1,203)	($1,164)	($1,038)	($991)	($1,002)	($1,018)	($928)	($815)	($775)	($759)	($677)	($586)	($485)	($420)	($350)	($494)	($440)	($380)	($371)	($354)	($302)	($311)	($337)	($302)	($289)	($279)	($251)	($232)	($225)	($194)	($174)	($152)	($144)	($142)	($108)	($92)	($76)	($70)	($62)
Gross profit	$1,647	$1,540	$1,486	$1,425	$1,427	$1,324	$1,130	$1,192	$1,236	$1,139	$993	$914	$945	$866	$823	$748	$622	$469	$630	$554	$512	$468	$439	$366	$337	$394	$438	$412	$382	$386	$378	$356	$312	$287	$274	$244	$202	$174	$154	$129	$99	$78
Operating expenses
Research and development	–	($68)	($65)	($71)	($53)	($59)	($64)	($60)	($59)	($52)	($46)	($47)	($48)	($48)	($37)	($27)	($24)	($26)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($846)	($816)	($812)	($753)	($724)	($709)	($694)	($709)	($734)	($673)	($605)	($585)	($575)	($541)	($488)	($429)	($385)	($337)	($434)	($401)	($362)	($338)	($319)	($296)	($282)	($305)	($308)	($302)	($286)	($286)	($270)	($252)	($219)	($203)	($190)	($171)	($140)	($113)	($99)	($84)	($72)	($58)
Total operating expenses	($846)	($828)	($812)	($753)	($724)	($709)	($781)	($709)	($734)	($673)	($605)	($596)	($578)	($542)	($488)	($433)	($387)	($597)	($440)	($402)	($365)	($337)	($321)	($298)	($284)	($335)	($338)	($332)	($311)	($312)	($294)	($272)	($238)	($220)	($207)	($186)	($153)	($121)	($104)	($90)	($77)	($62)
Total costs and expenses	($2,179)	($2,080)	($2,016)	($1,956)	($1,888)	($1,747)	($1,772)	($1,711)	($1,752)	($1,601)	($1,421)	($1,371)	($1,337)	($1,219)	($1,074)	($918)	($807)	($947)	($934)	($842)	($745)	($708)	($675)	($599)	($595)	($672)	($640)	($620)	($590)	($563)	($525)	($498)	($432)	($394)	($358)	($330)	($295)	($229)	($196)	($166)	($146)	($124)
Operating income	$801	$712	$674	$673	$702	$615	$350	$483	$503	$466	$388	$318	$367	$324	$335	$316	$235	($128)	$190	$152	$148	$131	$119	$68	$53	$60	$100	$80	$71	$74	$84	$84	$74	$67	$67	$58	$50	$53	$49	$40	$22	$16
Earnings
EBITDA	$928	$783	$733	$725	$751	$668	$406	$539	$556	$512	$430	$355	$402	$356	$360	$336	$257	($101)	$217	$180	$171	$154	$145	$97	$83	$101	$131	$109	$96	$99	$108	$104	$93	$84	$84	$73	$62	$61	–	–	–	–
Interest income	$2	$3	$5	$3	$2	$2	$2	$2	$1	$1	$1	$1	$1	$0	$0	$1	$1	$0	$1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($91)	($104)	($89)	($60)	($22)	($25)	($32)	($47)	($50)	($37)	($21)	($18)	($15)	($15)	($11)	($5)	($6)	($8)	($17)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$675	$598	$585	$615	$649	$574	$301	$431	$449	$420	$368	$301	$353	$311	$326	$315	$231	($127)	$180	$136	$136	$111	$94	$52	$33	$38	$83	$71	$39	$72	$81	$81	$71	$62	$61	$52	$45	$52	$49	$40	$22	$16
Income tax expense	($119)	($113)	($118)	($128)	($136)	($120)	($52)	($94)	($71)	($124)	($97)	($90)	($106)	($89)	($101)	($92)	($63)	($33)	($62)	($45)	($39)	($33)	($30)	($17)	($11)	($13)	($29)	($24)	($18)	($22)	($28)	($28)	($24)	($22)	($21)	($18)	($16)	($18)	($17)	($15)	($8)	($6)
Net income	$555	$484	$467	$487	$513	$454	$250	$337	$377	$296	$272	$211	$247	$222	$225	$222	$168	($160)	$118	$91	$91	$78	$63	$35	$22	$25	$55	$48	$21	$50	$53	$53	$47	$36	$40	$34	$29	$34	$32	$25	$14	$10
Per share
Diluted EPS (GAAP)	$9.89	$8.51	$8.11	$8.46	$8.81	$7.74	$4.27	$5.79	$6.40	$5.08	$4.73	$3.45	$3.84	$3.42	$3.45	$3.25	$2.46	($2.38)	$1.72	$1.33	$1.33	$1.07	$0.87	$0.62	$0.33	$0.37	$0.84	$0.71	$0.32	$0.72	$0.73	$0.71	$0.62	$0.47	$0.51	$0.45	$0.39	$0.45	$0.39	$0.30	$0.17	$0.11
Basic EPS (GAAP)	$9.93	$8.56	$8.17	$8.54	$8.90	$7.82	$4.32	$5.87	$6.51	$5.14	$4.76	$3.48	$3.88	$3.45	$3.49	$3.29	$2.49	($2.38)	$1.74	$1.35	$1.36	$1.10	$0.89	$0.62	$0.33	$0.38	$0.84	$0.72	$0.32	$0.73	$0.75	$0.71	$0.62	$0.47	$0.51	$0.45	$0.39	$0.45	$0.39	$0.30	$0.17	$0.11
Basic shares outstanding	56	57	57	57	58	58	58	57	58	58	57	61	64	64	64	68	68	67	67	67	67	71	71	67	67	65	65	66	66	69	71	74	76	77	77	76	76	77	81	84	81	88
Margins
Gross margin	55.3%	55.2%	55.2%	54.2%	55.1%	56.1%	53.3%	54.3%	54.8%	55.1%	54.9%	54.1%	55.5%	56.1%	58.4%	60.7%	59.7%	57.2%	56.0%	55.7%	57.4%	55.8%	55.4%	54.8%	52.1%	53.9%	59.2%	58.8%	57.8%	60.6%	62.0%	61.3%	61.6%	62.2%	64.3%	62.9%	58.7%	61.6%	62.7%	63.1%	58.7%	55.6%
Operating margin	26.9%	25.5%	25.1%	25.6%	27.1%	26.0%	16.5%	22.0%	22.3%	22.6%	21.5%	18.8%	21.5%	21.0%	23.8%	25.6%	22.5%	(15.6%)	16.9%	15.3%	16.5%	15.6%	14.9%	10.2%	8.2%	8.1%	13.6%	11.4%	10.8%	11.6%	13.8%	14.4%	14.7%	14.6%	15.8%	15.1%	14.4%	18.7%	20.1%	19.2%	13.3%	11.1%
Net margin	18.6%	17.4%	17.4%	18.5%	19.8%	19.2%	11.8%	15.4%	16.7%	14.3%	15.0%	12.5%	14.5%	14.4%	16.0%	18.0%	16.1%	(19.5%)	10.4%	9.1%	10.2%	9.3%	8.0%	5.3%	3.4%	3.4%	7.4%	6.8%	3.1%	7.9%	8.7%	9.1%	9.2%	7.8%	9.3%	8.7%	8.5%	12.1%	12.9%	12.0%	8.2%	6.9%

Analyst consensus

Buy21 analysts

Bearish · 0 · Hold · 8 · Bullish · 13

Earnings history

	EPS	Estimate
Q4 2024	$2.78	$2.59	Beat
Q1 2025	$2.06	$2.09	Miss
Q2 2025	$2.42	$2.36	Beat
Q3 2025	$2.73	$2.64	Beat
Q4 2025	$3.03	$2.93	Beat
Q1 2026	$2.37	$2.37	Match
Q2 2026	$2.86	$2.82	Beat
Q3 2026	$3.25	$3.09	Beat

Peers

Company overview

IPO dateMar 18, 1980

CEOSundaram Nagarajan

Employees8,200

SectorIndustrials

IndustryIndustrial - Machinery

CountryUS

ExchangeNASDAQ

Websitewww.nordson.com

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, medical components, and other fluids. The Industrial Precision Solutions segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems; components and systems for thermoplastic and biopolymer melt stream; fluid components, such as nozzles, pumps, and filters; smart components that measure and control the flow, quantity and location of dispensed fluid; control systems; and product assembly solutions. It also offers automated and manual dispensing products and systems for cold materials, container coating, liquid finishing, and powder coating, as well as ultraviolet equipment. The Medical and Fluid Solutions segment offers precision manual and semi-automated dispensers, plastic molded syringes, cartridges, tips, and fluid connection components; interventional solutions for engineered shafts and interventional delivery systems, medical tubing, balloons, balloon inflators, nitinol devices, cardiovascular cannula, and biomaterial delivery; medical fluid components; and microplegia myocardial protection devices and related consumables. The Advanced Technology Solutions segment provides automated dispensing systems for high-speed, precise application of various attachment, protection, and coating fluids, and related gas plasma treatment systems; destructive and non-destructive testing technologies, such as bond testers and automated optical, acoustic microscopy, and x-ray inspection systems used in the semiconductor and printed circuit board industries; and precision measurement and control technologies. The company markets its products through direct sales force, distributors, and sales representatives. Nordson Corporation was founded in 1909 and is headquartered in Westlake, Ohio.

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