Industrials · Industrial - Machinery
Price
$88.52
Market Cap
$10.3B
Employees
14,000
Beta
0.96
Avg Volume
690,095
CEO
Richard Lewis
Business Description
Donaldson Company, Inc. (DCI) is a global enterprise that develops, manufactures, and distributes an extensive range of filtration systems and their corresponding replacement parts. The company's operations are strategically divided into two core business units: Engine Products and Industrial Products. The Engine Products division provides a variety of solutions, including replacement filters for both air and liquid filtration needs, comprehensive air filtration systems, and specialized liquid filtration systems designed for fuel, lubrication, and hydraulic applications. This segment also offers exhaust and emissions control technologies, alongside a suite of sensors, indicators, and monitoring systems. Its clientele primarily consists of Original Equipment Manufacturers (OEMs) within the construction, mining, agriculture, aerospace, defense, and transportation industries. Additionally, it caters to the aftermarket through independent distributors, OEM dealership networks, private label accounts, and major fleet operators. The Industrial Products segment offers a diverse portfolio of filtration solutions, such as systems for collecting dust, fumes, and mist, as well as purification systems for compressed air. It also supplies gas and liquid filtration technologies for the food, beverage, and broader industrial sectors. Furthermore, this division manufactures air filtration systems for gas turbines, produces polytetrafluoroethylene (PTFE) membrane-based products, and designs specialized air and gas filtration systems for highly sensitive applications like hard disk drives and semiconductor manufacturing, complete with associated sensors, indicators, and monitoring systems. This segment's products are sold to a wide network of dealers and distributors, OEMs of gas-fired turbines, and various other OEMs and end-users seeking advanced air filtration solutions and replacement components. Established in 1915, Donaldson Company, Inc. maintains its corporate headquarters in Bloomington, Minnesota.
Business History
Price Overview
Last updated: Jun 27, 2026 9:01am (just now)$88.52
-0.59 (-0.66%)
Day Range
$87.98 – $89.59
52-Week Range
$68.96 – $112.84
50-Day MA
$85.57
200-Day MA
$89.09
Volume
567,528.00
Analyst Price Targets
Low
$91.00
Consensus
$100.33
High
$123.00
(22 analysts)
Share Structure
Outstanding
115,911,056.00
Float
115,103,156.00
Free Float
99.3%
High free float
— 99.3% of shares trade freely, ~0.7% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
23.38
Stock Price: $88.52
EPS (Diluted): 3.09
EPS (Diluted): 3.09
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.88
Stock Price: $88.52
Total Equity: $1.45B
Shares: 120,400,000
Total Equity: $1.45B
Shares: 120,400,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
15.35
Market Cap: $10.26B
Total Debt: $668.30M
Cash: $180.40M
EBITDA: $615.90M
Total Debt: $668.30M
Cash: $180.40M
EBITDA: $615.90M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$9.0B
Market Cap: $10.26B
Total Debt: $668.30M
Cash: $180.40M
Total Debt: $668.30M
Cash: $180.40M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
34.8%
Gross Profit: $1.29B
Revenue: $3.69B
Revenue: $3.69B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
15.1%
Operating Income: $557.40M
Revenue: $3.69B
Revenue: $3.69B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
9.9%
Net Income: $367.00M
Revenue: $3.69B
Revenue: $3.69B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
28.1%
Net Income: $367.00M
Total Equity: $1.45B
Total Equity: $1.45B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
18.1%
Operating Income: $557.40M
Tax Rate: 25.4%
Equity: $1.45B
Total Debt: $668.30M
Cash: $180.40M
Tax Rate: 25.4%
Equity: $1.45B
Total Debt: $668.30M
Cash: $180.40M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.93
Current Assets: $1.46B
Current Liabilities: $757.20M
Current Liabilities: $757.20M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.46
Short-Term Debt: $37.90M
Long-Term Debt: $630.40M
Total Debt: $668.30M
Total Equity: $1.45B
Long-Term Debt: $630.40M
Total Debt: $668.30M
Total Equity: $1.45B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$30.66
Revenue: $3.69B
Shares: 120,400,000
Shares: 120,400,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$12.07
Total Equity: $1.45B
Shares: 120,400,000
Shares: 120,400,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$2.82
Operating CF: $418.80M
CapEx: -$78.90M
Shares: 120,400,000
CapEx: -$78.90M
Shares: 120,400,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.5%
Last Dividend: N/A
Stock Price: $88.52
Stock Price: $88.52
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $367.00M
Net Income: $367.00M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares DCI against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:04pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.3B | $3.4B | $3.6B | $3.7B |
| Cost of Revenue | $1.9B | $2.2B | $2.3B | $2.3B | $2.4B |
| Gross Profit | $971.7M | $1.1B | $1.2B | $1.3B | $1.3B |
| Operating Expenses | $587.0M | $623.9M | $680.4M | $730.3M | $728.8M |
| Operating Income | $384.7M | $443.5M | $480.2M | $544.1M | $557.4M |
| Net Income | $286.9M | $332.8M | $358.8M | $414.0M | $367.0M |
| EBITDA | $489.3M | $547.6M | $580.2M | $655.1M | $615.9M |
| EPS | $2.27 | $2.69 | $2.95 | $3.43 | $3.09 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:04pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $222.8M | $193.3M | $187.1M | $232.7M | $180.4M |
| Total Current Assets | $1.2B | $1.4B | $1.3B | $1.4B | $1.5B |
| Total Assets | $2.4B | $2.6B | $2.8B | $2.9B | $3.0B |
| Current Liabilities | $606.6M | $629.6M | $756.4M | $782.5M | $757.2M |
| Long-Term Debt | $461.0M | $644.3M | $496.6M | $483.4M | $630.4M |
| Total Liabilities | $1.3B | $1.5B | $1.4B | $1.4B | $1.5B |
| Total Equity | $1.1B | $1.1B | $1.3B | $1.5B | $1.5B |
| Retained Earnings | $1.6B | $1.8B | $2.1B | $2.4B | $2.6B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:04pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $401.9M | $252.8M | $544.5M | $492.5M | $418.8M |
| Capital Expenditure | -$58.3M | -$85.1M | -$118.1M | -$85.6M | -$78.9M |
| Free Cash Flow | $343.6M | $167.7M | $426.4M | $406.9M | $339.9M |
| Acquisitions (net) | $700,000 | -$68.9M | -$209.2M | -$2.0M | -$2.4M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$142.2M | -$170.6M | -$141.8M | -$170.7M | -$331.5M |
| Net Change in Cash | -$13.8M | -$29.5M | -$6.2M | $45.6M | -$52.3M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:01am (just now)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$3.9B $3.8B – $3.9B
|
$4.1B $4.0B – $4.2B
|
$4.4B $4.4B – $4.4B
|
$4.6B $4.6B – $4.6B
|
| EBITDA |
$661.3M $656.2M – $664.7M
|
$707.4M $688.4M – $719.4M
|
$744.6M $744.6M – $744.6M
|
$787.4M $777.5M – $793.6M
|
| Net Income |
$475.9M $474.7M – $477.1M
|
$531.5M $518.2M – $544.7M
|
$590.0M $577.9M – $602.0M
|
$638.1M $627.7M – $644.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:04pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +15.9% | +3.8% | +4.5% | +2.9% |
| Gross Profit Growth | +9.8% | +8.7% | +9.8% | +0.9% |
| Operating Income Growth | +15.3% | +8.3% | +13.3% | +2.4% |
| Net Income Growth | +16.0% | +7.8% | +15.4% | -11.4% |
| EBITDA Growth | +11.9% | +6.0% | +12.9% | -6.0% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-14 | Owens James | M-Exempt | 7,153.00 | $42.26 | $302,286 |
| 2026-04-14 | Owens James | M-Exempt | 6,600.00 | $48.96 | $323,136 |
| 2026-04-13 | Owens James | M-Exempt | 5,921.00 | $42.26 | $250,221 |
| 2026-04-10 | Owens James | M-Exempt | 126.00 | $42.26 | $5,325 |
| 2026-04-13 | Owens James | S-Sale | 5,921.00 | $89.02 | $527,087 |
| 2026-04-14 | Owens James | S-Sale | 6,600.00 | $89.21 | $588,786 |
| 2026-04-10 | Owens James | S-Sale | 126.00 | $88.82 | $11,191 |
| 2026-04-10 | Owens James | M-Exempt | 126.00 | $42.26 | $5,325 |
| 2026-04-13 | Owens James | M-Exempt | 5,921.00 | $42.26 | $250,221 |
| 2026-04-14 | Owens James | M-Exempt | 6,600.00 | $48.96 | $323,136 |
| 2026-04-14 | Owens James | M-Exempt | 7,153.00 | $42.26 | $302,286 |
| 2026-04-03 | Smiley Jacinth C | A-Award | 279.00 | $85.23 | $23,779 |
| 2026-04-03 | Rautio Trudy A. | A-Award | 349.00 | $85.23 | $29,745 |
| 2026-04-03 | Owens James | A-Award | 279.00 | $85.23 | $23,779 |
| 2026-04-03 | Hilger Christopher M. | A-Award | 418.00 | $85.23 | $35,626 |
| 2026-03-26 | Briseno Guillermo | M-Exempt | 12,000.00 | $42.72 | $512,640 |
| 2026-03-26 | Briseno Guillermo | M-Exempt | 8,600.00 | $45.43 | $390,698 |
| 2026-03-26 | Briseno Guillermo | S-Sale | 8,600.00 | $84.97 | $730,742 |
| 2026-03-26 | Briseno Guillermo | M-Exempt | 8,600.00 | $45.43 | $390,698 |
| 2026-03-26 | Briseno Guillermo | M-Exempt | 12,000.00 | $42.72 | $512,640 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:04pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-15 | $0.32 | 2026-05-29 | 2026-06-15 | 2026-06-30 |
| 2026-02-12 | $0.30 | 2026-01-29 | 2026-02-12 | 2026-02-27 |
| 2025-12-05 | $0.30 | 2025-11-21 | 2025-12-05 | 2025-12-22 |
| 2025-08-12 | $0.30 | 2025-07-25 | 2025-08-12 | 2025-08-27 |
| 2025-06-16 | $0.30 | 2025-05-30 | 2025-06-16 | 2025-06-30 |
| 2025-02-13 | $0.27 | 2025-01-29 | 2025-02-13 | 2025-02-28 |
| 2024-12-09 | $0.27 | 2024-11-22 | 2024-12-09 | 2024-12-23 |
| 2024-08-13 | $0.27 | 2024-07-26 | 2024-08-13 | 2024-08-28 |
| 2024-06-17 | $0.27 | 2024-05-31 | 2024-06-17 | 2024-06-28 |
| 2024-02-09 | $0.25 | 2024-01-25 | 2024-02-12 | 2024-02-28 |
| 2023-12-04 | $0.25 | 2023-11-17 | 2023-12-05 | 2023-12-20 |
| 2023-08-14 | $0.25 | 2023-07-28 | 2023-08-15 | 2023-08-30 |
| 2023-06-06 | $0.25 | 2023-05-24 | 2023-06-07 | 2023-06-23 |
| 2023-02-09 | $0.23 | 2023-01-26 | 2023-02-10 | 2023-02-27 |
| 2022-12-02 | $0.23 | 2022-11-18 | 2022-12-05 | 2022-12-20 |
| 2022-08-15 | $0.23 | 2022-07-29 | 2022-08-16 | 2022-08-31 |
| 2022-06-08 | $0.23 | 2022-05-25 | 2022-06-09 | 2022-06-24 |
| 2022-02-10 | $0.22 | 2022-01-27 | 2022-02-11 | 2022-02-25 |
| 2021-12-06 | $0.22 | 2021-11-19 | 2021-12-07 | 2021-12-22 |
| 2021-08-13 | $0.22 | 2021-07-30 | 2021-08-16 | 2021-08-31 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for DCI — it's generated by the pipeline (
market-narrative step).
No community reviews yet for DCI.
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30