— Know what they know.
/
Not Investment Advice

NDSN

NASDAQ · USD
Nordson Corporation
Industrials · Industrial - Machinery
CEO Sundaram Nagarajan Employees 8,000 R&D / revenue 2.4%
Last price
$322.31−1.97%last session
Market cap
$18.0B
P/E (TTM)
32.5x
From 52w high
−5.0%
From 52w low
+44.3%
1-year return
+39.4%
RSI 14 · vs SMA200
46.5 · +10.6%
IS score
74.8/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

NDSN   SPY   XLI (sector ETF) · weekly closes
100110120130140Jan 26Apr 26Jul 26Oct 26NDSN 139SPY 116XLI 111

Score DNA

Each bar is a 0-100 score within the scored universe
71
Profitability
61
Growth
45
Value
87
Momentum
100
Risk (safety)
87
Quality
58
Balance sheet
71
Earnings quality

Flags

Strengths
✓ Piotroski 8+
Warnings
None of the computed warning flags fires for NDSN (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 9 / 9Altman Z 5.9Beta 0.972 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
5 open-market sales, $876,078
Form 144 notices (12m): 14, $27.8M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+44
101 new holders, 49 closed
758 filers hold 77.5% · 294 added, 240 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+148
784 funds adding shares
636 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
47.3%
20-day avg 45.1%, 50-day avg 50.7%
Latest 2.2 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$2.8B
Revenue growth YoY+3.8%
Gross margin55.2%
Operating income$724.3M
Operating margin25.9%
Net income$484.5M
Net margin17.4%
EPS (diluted)$8.51
Cash flow
Operating cash flow$719.2M
Capital expenditure$58.1M
Free cash flow$661.1M
FCF conversion (FCF / OCF)91.9%
Stock-based compensation$0
FCF less SBC$661.1M
Buybacks$306.4M
Dividends$179.1M
Balance sheet & returns
Cash & short-term investments$108.4M
Total debt$2.1B
Net debt$2.0B
Shareholders' equity$3.0B
Goodwill & intangibles$4.0B
Debt / equity0.55
ROE (TTM)17.6%
ROIC (TTM)12.1%
Operating margin by fiscal year
26.0%FY202127.1%FY202225.6%FY202325.1%FY202425.5%FY2025
Revenue $2.4B (FY2021) to $2.8B (FY2025), a 4.3% CAGR.

Valuation

P/E (TTM)32.5x
EV / EBITDA20.7x
Price / sales6.02x
Price / FCF24.6x
FCF yield4.06%
Buyback yield1.71%
SBC / revenue0.4%
Price / book5.49x
Forward P/E FY202627.0x
Forward P/E FY202724.9x
Forward P/E FY202822.9x
Forward multiples divide today's price by Street EPS estimates. Street mean target $364.00 across 4 analysts last quarter is theirs, not ours.

NDSN vs industry median

328 companies in Industrial - Machinery
Gross margin 55.3% 31.0% Operating margin 26.9% 8.4% Net margin 18.6% 6.0% ROIC 12.1% 8.7%
NDSN (TTM)Industry median Asset turnover 0.50 vs industry 0.76 · financial leverage 1.82

Earnings delivery

Next report 2026-12-09 · consensus EPS $3.46
83%
beat rate, 10 of 12 quarters
+3.2%
median EPS surprise
6
longest beat streak
+1+3+8+1+3+7-1+3+3+3+0+5
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-08-21 to 2026-08-19. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
NDSN Nordson Corporation $18.0B32.5x17.6%18.6%+3.8% +39.4%
ITT ITT Inc. $17.7B38.8x11.5%5.8%+28.1% +16.3%
IEX IDEX Corporation $17.4B33.8x13.0%15.6%+7.3% +44.7%
GGG Graco Inc. $13.3B25.4x21.2%24.5%+4.6% +1.9%
XYL Xylem Inc. $24.3B24.8x9.4%11.3%+4.5% −27.9%
LII Lennox International Inc. $12.4B16.1x70.5%17.4%−2.1% —
DOV Dover Corporation $26.4B23.4x15.0%14.3%+7.6% —
WTS Watts Water Technologies, In $11.9B31.1x18.8%15.5%+17.1% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-08-19Earnings Release; Regulation FD; Exhibits
2026-06-03Financial Obligation
2026-05-20Earnings Release; Regulation FD; Exhibits
2026-03-04Submission of Matters to a Vote of Security Holders
2026-02-18Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits
2026-02-02Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Financial Statements and Exhibits

Context

Shares outstanding55,699,400
Free float94.2%
Institutional ownership77.5%
Beta0.97
Dividend yield1.05%
Last dividend$0.94 on 2026-09-10
50 / 200-day average$320.69 / $291.16
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where NDSN sits among 62 scored companies in Industrial - Machinery (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureNDSNIndustry medianIndustry percentileSector median
P/E (TTM) 32.3x 29.1x
65th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) 7.35 1.59
83rd		 1.42
Price / sales 6.0x 2.4x
98th		 2.0x
Price / book 5.5x 3.7x
78th		 2.9x
Price / tangible book —
Price / free cash flow 24.6x 22.0x
59th		 20.8x
Price / operating cash flow 23.1x 17.8x
74th		 14.5x
Enterprise value $19.7B $7.5B
75th		 $4.8B
EV / sales 6.6x 2.5x
98th		 2.4x
EV / EBITDA 20.7x 16.3x
77th		 13.6x
EV / EBIT 24.6x 21.3x
67th		 19.9x
EV / free cash flow 27.0x 26.6x
52nd		 24.3x
Earnings yield 3.1% 3.2%
43rd		 3.3%
FCF yield 4.1% 4.2%
46th		 3.8%
Operating cash flow yield 4.3% 5.4%
30th		 6.2%
Graham number (per share) $114.06 $37.80
87th		 $38.21

Profitability (TTM)

MeasureNDSNIndustry medianIndustry percentileSector median
Gross margin 55.3% 35.6%
100th		 30.5%
EBITDA margin 31.8% 18.4%
98th		 14.3%
Operating margin 26.9% 13.7%
98th		 9.8%
EBIT margin 26.8% 12.6%
97th		 9.9%
Net margin 18.6% 8.6%
95th		 6.0%
NOPAT margin 22.1% 10.7%
98th		 7.8%
FCF margin 24.4% 11.2%
93rd		 7.0%
Operating cash flow margin 26.1% 14.1%
93rd		 11.2%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 28.4% 18.6%
95th		 14.1%
Stock comp / revenue 0.4% 0.6%
22nd		 0.6%
Effective tax rate 17.7% 21.2%
20th		 21.0%

Returns on capital

MeasureNDSNIndustry medianIndustry percentileSector median
ROE (on average equity) 17.8% 12.8%
71st		 11.9%
ROA 9.3% 6.1%
69th		 4.8%
ROIC 13.3% 10.9%
64th		 8.7%
ROCE 15.3% 10.9%
74th		 9.4%
Return on tangible assets 13.4% 9.0%
77th		 7.9%
Cash ROIC (OCF / invested capital) 15.7% 12.9%
63rd		 12.8%
Gross profitability (GP / assets) 27.7% 24.7%
69th		 19.2%
ROIC, 3-yr average 10.5% 8.6%
58th		 7.8%
ROIC, 5-yr average 13.4% 11.3%
58th		 8.6%
ROE, 5-yr average 18.0% 14.1%
69th		 12.5%
Incremental ROIC -152.2% 21.5%
15th		 20.5%

Growth

MeasureNDSNIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 7.0% 7.3%
47th		 8.6%
Revenue growth (QoQ) 10.4% 9.4%
56th		 9.9%
Revenue CAGR, 3 yr 4.7% 3.7%
66th		 5.0%
Revenue CAGR, 5 yr 5.1% 6.2%
44th		 8.3%
Gross profit CAGR, 3 yr 5.5% 6.5%
49th		 6.5%
Operating income CAGR, 3 yr 6.4% 6.8%
47th		 6.4%
Net income growth (TTM YoY) 22.0% -2.3%
73rd		 11.3%
Net income CAGR, 3 yr 3.5% 3.5%
49th		 6.6%
EPS growth (TTM YoY) 24.2% -1.2%
76th		 13.3%
EPS CAGR, 3 yr 4.4% 3.8%
51st		 5.6%
EPS CAGR, 5 yr 9.9% 7.1%
59th		 8.3%
FCF growth (TTM YoY) 34.2% 9.0%
81st		 14.7%
FCF CAGR, 3 yr 5.8% 14.6%
23rd		 12.2%
Operating cash flow CAGR, 3 yr 6.1% 13.1%
26th		 8.8%
Book value CAGR, 3 yr 9.2% 8.7%
54th		 7.3%
Dividend CAGR, 3 yr 2.0% 2.3%
48th		 2.7%
Sustainable growth rate 11.9% 9.5%
61st		 11.0%

Margin history & stability

MeasureNDSNIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 55.0% 35.7%
100th		 30.6%
Operating margin, 3-yr average 25.6% 13.7%
97th		 10.0%
Net margin, 3-yr average 17.6% 10.2%
95th		 6.2%
FCF margin, 3-yr average 21.8% 10.7%
98th		 7.1%
Revenue stability (0-1) 0.98 0.78
95th		 0.81
Earnings stability (0-1) 0.52 0.40
62nd		 0.47
Margin stability (0-1) 0.99 0.94
97th		 0.90

Liquidity (latest quarter)

MeasureNDSNIndustry medianIndustry percentileSector median
Cash & short-term investments $113.4M $240.9M
34th		 $249.6M
Net cash (− = net debt) −$1.7B −$710.5M
31st		 −$666.5M
Working capital $599.4M $596.2M
51st		 $376.4M
Current ratio 1.82 2.06
38th		 1.79
Quick ratio 1.18 1.20
49th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.16 0.30
25th		 0.32
Defensive interval (days) 329 days 495 days
21st		 614 days

Leverage & solvency (latest quarter)

MeasureNDSNIndustry medianIndustry percentileSector median
Total debt $1.8B $1.2B
61st		 $919.8M
Debt / equity 0.55 0.55
52nd		 0.65
Net debt / equity 0.52 0.43
65th		 0.46
Debt / assets 30.5% 26.8%
62nd		 29.3%
Debt / capital 35.7% 35.6%
52nd		 39.5%
Debt / EBITDA 1.91 2.00
46th		 2.44
Net debt / EBITDA 1.80 1.61
57th		 1.86
Interest coverage (EBIT / interest) 7.0x 7.0x
48th		 5.0x
Cash interest coverage 6.8x 7.9x
38th		 6.1x
Debt payback (years of OCF) 2.3 yrs 2.6 yrs
41st		 3.2 yrs
Liabilities / assets 45.0% 50.7%
28th		 56.7%
IS credit model rating A — —
Implied credit spread (bps) 150 125
54th		 200

Efficiency

MeasureNDSNIndustry medianIndustry percentileSector median
Asset turnover 0.50 0.78
16th		 0.75
Fixed asset turnover 5.12 5.95
33rd		 5.14
Inventory turnover 2.9 3.7
23rd		 5.0
Receivables turnover 4.8 5.9
18th		 6.7
Days sales outstanding 76 days 61 days
82nd		 54 days
Days inventory outstanding 127 days 99 days
77th		 72 days
Days payables outstanding 39 days 53 days
20th		 41 days
Cash conversion cycle (days) 164 days 107 days
90th		 63 days
Capex / revenue 1.7% 2.1%
18th		 3.0%
Capex / depreciation 0.33 0.65
15th		 0.76
Operating expense ratio 28.2% 21.2%
84th		 17.7%

Cash flow & earnings quality

MeasureNDSNIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.40 1.42
47th		 1.50
FCF / net income 1.31 1.22
64th		 1.15
FCF / operating cash flow 93.7% 83.2%
98th		 74.0%
Capex / operating cash flow 6.3% 16.8%
2nd		 26.1%
Accruals ratio -3.7% -3.4%
46th		 -4.0%
Sloan accruals ratio -1.5% -1.5%
51st		 -2.4%
Earnings quality score (0-1) 1.00 1.00
25th		 1.00

Dividends & buybacks

MeasureNDSNIndustry medianIndustry percentileSector median
Dividend yield 1.1% 0.9%
52nd		 0.6%
Dividend per share (TTM) $3.40 $0.97
90th		 $0.44
Payout ratio (dividends / net income) 33.0% 29.1%
62nd		 22.5%
Dividends / FCF 25.2% 24.6%
56th		 19.6%
Dividend growth (YoY) 5.1% 5.8%
47th		 5.6%
Buyback yield 1.9% 0.7%
70th		 0.5%
Shareholder yield (dividends + buybacks) 2.9% 2.2%
68th		 2.0%
Share count change (YoY) -1.8% -0.1%
27th		 0.0%
Buybacks, last 5 years $1.6B $147.1M
74th		 $76.0M

Scores & forensic checks

MeasureNDSNIndustry medianIndustry percentileSector median
IS score 75 58
95th		 53
IS profitability 71 45
90th		 37
IS growth 61 48
75th		 54
IS value 45 48
33rd		 47
IS momentum 87 73
87th		 76
IS risk (safety) 100 100
48th		 80
IS quality 87 71
97th		 67
IS balance sheet 58 63
39th		 56
IS earnings quality 71 72
36th		 70
IS cash flow 82 60
95th		 54
Piotroski F-score (0-9) 9 6
92nd		 6
Altman Z-score 5.9 4.4
77th		 3.3
Beneish M-score −2.58 −2.55
37th		 −2.52
Ohlson O-score −8.67 −8.00
25th		 −7.49
IS credit score 75 76
44th		 65

Per share

MeasureNDSNIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $9.91 $2.85
87th		 $2.21
Book value per share $58.35 $26.75
85th		 $18.38
Tangible book per share −$12.08 $2.15
16th		 $4.39
Revenue per share $53.18 $46.23
59th		 $36.64
FCF per share $13.00 $4.10
89th		 $2.70
Operating cash flow per share $13.88 $4.77
89th		 $4.28
Cash per share $2.02 $3.39
21st		 $3.02

Size (TTM)

MeasureNDSNIndustry medianIndustry percentileSector median
Market cap $18.0B $6.0B
77th		 $3.9B
Revenue $3.0B $2.7B
52nd		 $2.7B
EBITDA $947.4M $370.8M
74th		 $394.8M
Net income $555.2M $165.9M
75th		 $136.3M
Free cash flow $728.5M $324.5M
75th		 $162.9M
Total assets $5.9B $3.6B
64th		 $3.5B
Shareholders' equity $3.3B $1.6B
70th		 $1.4B
Employees 8,200 6,800
56th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-14Morris Milton Mayo
Director
 Open-market sale 255$327.20$83,4362,265
2026-09-15Rutledge Joseph M
VP, CAO
 Open-market sale 684$309.38$211,6162,134
2026-09-02Morris Milton Mayo
Director
 Open-market sale 156$316.63$49,3942,515
2026-09-01Hall Justin E
EVP
 Tax withholding 118$314.40$37,0991,397
2026-08-27Mcdonough Jennifer L
EVP, GC, and Secretary
 Open-market sale 260$336.00$87,3606,346
2026-08-26Hopgood Daniel Roy
EVP, CFO
 Option exercise 1,329$209.73$278,7316,087
2026-08-26Hopgood Daniel Roy
EVP, CFO
 Open-market sale 1,329$334.29$444,2714,758
2026-08-26Hopgood Daniel Roy
EVP, CFO
 Option exercise 1,329$209.73$278,73115,695
2026-07-31Rutledge Joseph M
VP, CAO
 Tax withholding 274$297.78$81,5922,818
2026-07-31Mapes Christopher L
Director
 Award / grant 42$297.78$12,5073,025
2026-07-31Deford John A
Director
 Award / grant 84$297.78$25,0145,902
2026-06-01Hopgood Daniel Roy
EVP, CFO
 Tax withholding 148$281.31$41,6344,758

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
AprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired5526$151,483
Open-market saleDisposed52,684$876,078
Option exerciseDisposed11,329$278,731
Option exerciseAcquired11,329$278,731
Tax withholdingDisposed3540$160,325
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 14 notices · 97,803 shares · $27.8M
FiledFilerShares proposedEst. proceeds
2026-10-14Morris Milton Mayo255$83,436
2026-09-02Morris Milton Mayo156$49,408
2026-08-27Mcdonough Jennifer L260$87,360
2026-08-26Hopgood Daniel Roy1,329$444,271
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 0 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2025-04-08Rob BresnahanHouseSale (Full)$1,001 - $15,0002025-05-08
2025-04-07Robert P. BresnahanHouseSale (Full)$1,001 - $15,0002025-05-08
2025-02-25Rob BresnahanHouseSale$1,001 - $15,0002025-03-28
2025-02-24Robert P. BresnahanHouseSale (Full)$1,001 - $15,0002025-03-28
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-14
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2024-05-03Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2023-04-03Tommy TubervilleSenatePurchase$1,001 - $15,0002023-05-12
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.4,138,179$1.2B7.43%
VANGUARD CAPITAL MANAGEMENT LLC3,465,215$1.0B6.22%
STATE STREET CORP2,975,009$899.9M5.34%
VANGUARD PORTFOLIO MANAGEMENT LLC2,360,166$712.0M4.24%
GEODE CAPITAL MANAGEMENT, LLC1,906,425$573.4M3.42%
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC1,713,620$517.0M3.08%
Invesco Ltd.1,318,573$397.8M2.37%
MORGAN STANLEY1,208,970$364.7M2.17%
FMR LLC840,395$253.5M1.51%
NORGES BANK715,042$215.7M1.28%
GOLDMAN SACHS GROUP INC636,339$192.0M1.14%
JPMORGAN CHASE & CO578,818$175.6M1.04%
ProShare Advisors LLC577,715$174.3M1.04%
AMERIPRISE FINANCIAL INC490,674$148.0M0.88%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/479,769$144.9M0.86%

Institutional ownership by quarter

2023-092026-0677.5%
% of shares held by 13F filers
2023-092026-06758
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3075877.5%10129424049
2026-03-3171474.0%9224925558
2025-12-3169275.9%12119825252
2025-09-3063375.8%8619624052
2025-06-3060878.6%8322122866
2025-03-3159777.0%6823521566
2024-12-3160476.3%8220821976
2024-09-3060775.7%7222520155
2024-06-3059575.8%6324019363
2024-03-3160474.5%7523318752
2023-12-3158574.5%8019122555
2023-09-3056875.0%5922717648

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-08-11SCHEDULE 13GSTATE STREET CORPORATION5.2%2,957,894
2025-01-02SCHEDULE 13GJennifer A. Savage5.2%2,945,523
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$552.8M
VTI0.02%$552.8M
VTSAX0.02%$552.8M
VSMPX0.02%$552.8M
VFFSX0.03%$455.9M
VFIAX0.03%$455.9M

Share structure

Shares outstanding55,699,400
Float52,489,165
Free float94.2%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$2.4B$2.6B$2.6B$2.7B$2.8B
Cost of revenue$1.0B$1.2B$1.2B$1.2B$1.3B
Gross profit$1.3B$1.4B$1.4B$1.5B$1.5B
R&D$59.4M$52.5M$71.4M$65.0M$68.2M
SG&A$709.0M$724.2M$752.6M$812.1M$747.3M
Operating income$615.1M$702.4M$672.8M$674.0M$724.3M
EBITDA$703.5M$771.6M$786.7M$810.6M$874.8M
Pretax income$574.2M$649.3M$615.3M$585.5M$597.6M
Income tax$119.8M$136.2M$127.8M$118.2M$113.2M
Net income$454.4M$513.1M$487.5M$467.3M$484.5M
EPS, diluted$7.74$8.81$8.46$8.11$8.51
Diluted shares58.7M58.2M57.6M57.6M56.9M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$300.0M$163.5M$115.7M$116.0M$108.4M
Receivables$489.4M$537.3M$590.9M$594.7M$587.8M
Inventory$327.2M$383.4M$454.8M$476.9M$444.8M
Total current assets$1.2B$1.1B$1.2B$1.3B$1.2B
PP&E, net$355.6M$353.4M$499.0M$638.2M$594.4M
Goodwill & intangibles$2.1B$2.1B$3.5B$4.0B$4.0B
Total assets$3.8B$3.8B$5.3B$6.0B$5.9B
Accounts payable$91.7M$99.3M$106.3M$97.8M$121.0M
Total current liabilities$445.4M$834.2M$582.1M$528.5M$758.3M
Long-term debt$781.7M$345.3M$1.6B$2.1B$1.7B
Total liabilities$1.6B$1.5B$2.7B$3.1B$2.9B
Shareholders' equity$2.2B$2.3B$2.6B$2.9B$3.0B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$454.4M$513.1M$487.5M$467.3M$484.5M
Depreciation & amortization$103.9M$99.9M$111.9M$136.2M$150.5M
Stock-based compensation$22.8M$30.7M$22.7M$0$0
Change in working capital$29.0M−$107.3M−$3.6M−$53.1M$56.8M
Operating cash flow$545.9M$513.1M$641.3M$556.2M$719.2M
Capital expenditure−$38.3M−$51.4M−$34.6M−$64.4M−$58.1M
Free cash flow$507.6M$461.7M$606.7M$491.8M$661.1M
Investing cash flow−$33.2M−$222.8M−$1.4B−$844.4M−$26.7M
Net debt issued / repaid−$296.0M−$39.3M$969.2M$458.2M−$230.0M
Buybacks−$61.0M−$262.9M−$89.7M−$33.3M−$306.4M
Dividends paid−$97.7M−$125.9M−$150.4M−$161.4M−$179.1M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin56.1%55.1%54.2%55.2%55.2%
Operating margin26.0%27.1%25.6%25.1%25.5%
Net margin19.2%19.8%18.5%17.4%17.4%
FCF margin21.5%17.8%23.1%18.3%23.7%
ROE23.2%23.0%19.9%16.9%16.2%
ROIC17.3%18.6%12.3%10.5%11.3%
ROA12.2%13.5%10.7%8.3%8.1%
Debt / equity0.440.380.720.790.71
Interest coverage23.5x30.0x11.3x7.6x6.0x
Current ratio2.621.362.112.411.64
Revenue growth+11.4%+9.7%+1.5%+2.3%+3.8%
EPS growth+81.7%+14.8%−4.5%−4.2%+5.9%
P/E at year end31.3x24.4x24.4x30.0x26.9x
EV / EBITDA at year end21.1x17.1x17.3x20.0x17.4x
FCF yield at year end3.57%3.70%5.10%3.51%5.07%
Dividend payout21.5%24.5%30.8%34.5%37.0%

Revenue by segment

FY2021FY2022FY2023FY2024
Industrial Precision Solutions—$1.3B$1.4B$1.5B
Adhesive Dispensing Systems$1.2B———
Advanced Technology Systems$1.1B$562.9M$577.3M$510.2M
Medical And Fluid Solutions—$690.2M$660.3M$695.5M

Revenue by region · FY2024

Americas Excluding Us$1.2B · 44%
Asia Pacific Excluding Japan$785.2M · 29%
Europe$726.1M · 27%

Street estimates by fiscal year

Next report 2026-12-09 · consensus EPS $3.46 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$3.1B$3.0B – $3.1B$11.94$11.58 – $12.08527.0x
2027$3.2B$3.2B – $3.2B$12.97$12.42 – $13.22524.9x
2028$3.4B$3.3B – $3.5B$14.07$13.79 – $14.49322.9x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-19$3.09$3.25+5.2%$779.5M$817.7M+4.9%
2026-02-18$2.37$2.370.0%$652.8M$669.5M+2.6%
2025-12-10$2.93$3.03+3.4%$761.0M$751.8M−1.2%
2025-08-20$2.64$2.73+3.4%$723.6M$741.5M+2.5%
2025-05-28$2.36$2.42+2.5%$672.0M$682.9M+1.6%
2025-02-19$2.09$2.06−1.4%$639.6M$615.4M−3.8%
2024-12-11$2.59$2.78+7.3%$736.8M$744.5M+1.0%
2024-08-21$2.33$2.41+3.4%$657.3M$661.6M+0.7%
2024-05-20$2.32$2.34+0.9%$661.1M$650.6M−1.6%
2024-02-21$2.04$2.21+8.3%$630.4M$633.2M+0.4%
2023-12-13$2.39$2.46+2.9%$650.4M$719.3M+10.6%
2023-08-21$2.32$2.35+1.3%$707.5M$648.7M−8.3%
2023-05-22$2.11$2.26+7.1%$638.7M$650.2M+1.8%
2023-02-20$1.97$1.95−1.0%$623.9M$610.5M−2.1%
2022-12-14$2.33$2.44+4.7%$651.3M$683.6M+5.0%
2022-08-22$2.44$2.49+2.0%$650.6M$662.1M+1.8%
2022-05-23$2.29$2.43+6.1%$646.4M$635.4M−1.7%
2022-02-22$1.91$2.07+8.4%$606.9M$609.2M+0.4%
2021-12-15$2.10$1.88−10.5%$607.0M$599.2M−1.3%
2021-08-30$2.08$2.42+16.3%$555.3M$646.9M+16.5%
2021-05-24$1.64$2.12+29.3%$547.4M$589.5M+7.7%
2021-02-22$1.06$1.32+24.5%$509.9M$526.6M+3.3%
2020-12-15$1.53$1.59+3.9%$536.6M$558.5M+4.1%
2020-08-19$1.34$1.42+6.0%$511.7M$538.2M+5.2%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.106-150.106-220.106-290.107-060.107-130.107-200.107-270.108-030.108-100.308-170.208-240.108-31
Week ofNotionalSharesTrades
2026-08-31$149.6M470,87828,387
2026-08-24$166.8M502,01731,577
2026-08-17$306.6M951,60746,547
2026-08-10$118.4M381,78726,438
2026-08-03$105.0M340,84828,144
2026-07-27$122.8M412,32828,175

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1547.3%
DateShort shareShort volumeTotal volume
2026-10-1547.3%57,309121,095
2026-10-1435.1%32,97993,943
2026-10-1347.8%45,99496,259
2026-10-1244.5%42,07394,547
2026-10-0937.3%42,172113,110
2026-10-0834.6%50,727146,796
2026-10-0726.6%58,042218,292
2026-10-0630.9%29,71896,095
2026-10-0549.0%58,783119,989
2026-10-0252.5%55,159105,014
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-1.2Jan+1.8Feb+1.4Mar+3.7Apr+2.4May+0.2Jun+1.6Jul-0.3Aug+0.8Sep+2.2Oct+2.1Nov+2.7Dec
MonthAvg returnUp yearsYears
Jan−1.2%45%20
Feb+1.8%60%20
Mar+1.4%62%21
Apr+3.7%60%20
May+2.4%60%20
Jun+0.2%50%20
Jul+1.6%65%20
Aug−0.3%45%20
Sep+0.8%50%20
Oct+2.2%65%20
Nov+2.1%85%20
Dec+2.7%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1446.5
MFI37.5
ADX19.9
Stochastic %K / %D33.5 / 45.3
Williams %R-81.7
CCI-51
TSI / signal14.7 / 17.7
Chaikin money flow0.06
ATR$6.47
Bollinger width6.1%
Volume vs 20-day avg1.85x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$327.40 (−1.6%)
SMA 50$320.78 (+0.5%)
SMA 200$291.43 (+10.6%)
EMA 21$325.98 (−1.1%)
EMA 50$319.31 (+0.9%)
EMA 200$291.31 (+10.6%)
Bollinger upper$337.32 (−4.4%)
Bollinger lower$317.48 (+1.5%)
Parabolic SAR$336.36 (−4.2%)
Open the live chart, 110+ indicators

About Nordson Corporation

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.

https://www.nordson.com

Key executives

NameTitlePayBorn
Sundaram NagarajanPresident, Chief Executive Officer & Director$2.4M1963
Joseph KelleyExecutive Vice President of Industrial Precision Solutions Leader$1.0M1973
Daniel R. HopgoodExecutive Vice President & Chief Financial Officer$1.0M1973
Jennifer L. McDonoughExecutive Vice President, General Counsel & Corporate Secretary$850,8431972
Justin HallExecutive Vice President of Medical and Fluid Solutions$780,4091979
Katie ColacarroVice President of Corporate Development——
Lara L. MahoneyVice President of Investor Relations & Corporate Communications——
Matthew MatejkaSenior Director of Investor Relations——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Sundaram Nagarajan President and Chief Executive Officer2025$1.0M$3.5M$1.3M$8.2M
Joseph Kelley Executive Vice President2025$579,738$991,980$409,063$2.7M
Stephen Lovass Former Executive Vice President2025$323,705$481,835$246,534$2.2M
Daniel Hopgood Executive Vice President and Chief Financial Officer2025$549,539$850,184$417,100$2.2M
Srinivas Subramanian Executive Vice President2025$469,692$634,927$393,555$2.0M
Jennifer McDonough Executive Vice President2025$479,723$720,094$339,836$1.8M

Employees

8k20188k20198k20207k20217k20228k20238k20248k2025

Dividends

Ex-dateAmountPaid
2026-09-10$0.942026-10-02
2026-06-18$0.822026-07-06
2026-03-19$0.822026-04-03
2025-12-17$0.822026-01-02
2025-09-11$0.822025-09-25
2025-06-18$0.782025-07-03
2025-03-20$0.782025-04-03
2025-01-02$0.782025-01-16

Moat model

Narrow · Efficient Scale · 2026-07-31
Cost advantage60
Intangibles70
Switching costs52
Network effect55
Efficient scale90
Our component scores (0-100) and overall 64.3; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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