Industrial - Machinery
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NDSN vs DHR
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Diagnostics & Research
NDSN vs DHR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Industrial - Machinery | Medical - Diagnostics & Research |
| Market Cap | $15.83B | $124.33B |
| Revenue (TTM) | $2.85B | $24.78B |
| Net Income (TTM) | $523M | $3.69B |
| Gross Margin | 55.2% | 60.7% |
| Operating Margin | 25.9% | 21.0% |
| Forward P/E | 24.9x | 20.8x |
| Total Debt | $2.09B | $18.42B |
| Cash & Equiv. | $108M | $4.62B |
NDSN vs DHR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Nordson Corporation (NDSN) | 100 | 150.9 | +50.9% |
| Danaher Corporation (DHR) | 100 | 118.9 | +18.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NDSN vs DHR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NDSN carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 37 yrs, beta 1.05, yield 1.1%
- Rev growth 3.8%, EPS growth 4.9%, 3Y rev CAGR 2.5%
- 298.2% 10Y total return vs DHR's 219.3%
DHR is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.94, Low D/E 35.1%, current ratio 1.87x
- Beta 0.94, yield 0.7%, current ratio 1.87x
- Lower P/E (20.8x vs 24.9x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 3.8% revenue growth vs DHR's 2.9% | |
| Value | Lower P/E (20.8x vs 24.9x) | |
| Quality / Margins | 18.4% margin vs DHR's 14.9% | |
| Stability / Safety | Beta 0.94 vs NDSN's 1.05, lower leverage | |
| Dividends | 1.1% yield, 37-year raise streak, vs DHR's 0.7% | |
| Momentum (1Y) | +51.8% vs DHR's -8.3% | |
| Efficiency (ROA) | 10.2% ROA vs DHR's 4.5%, ROIC 10.5% vs 5.9% |
NDSN vs DHR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NDSN vs DHR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NDSN leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DHR is the larger business by revenue, generating $24.8B annually — 8.7x NDSN's $2.8B. Profitability is closely matched — net margins range from 18.4% (NDSN) to 14.9% (DHR). On growth, NDSN holds the edge at +8.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.8B | $24.8B |
| EBITDAEarnings before interest/tax | $851M | $7.2B |
| Net IncomeAfter-tax profit | $523M | $3.7B |
| Free Cash FlowCash after capex | $646M | $5.3B |
| Gross MarginGross profit ÷ Revenue | +55.2% | +60.7% |
| Operating MarginEBIT ÷ Revenue | +25.9% | +21.0% |
| Net MarginNet income ÷ Revenue | +18.4% | +14.9% |
| FCF MarginFCF ÷ Revenue | +22.7% | +21.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.8% | +3.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +44.2% | +9.8% |
Valuation Metrics
DHR leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 33.4x trailing earnings, NDSN trades at a 4% valuation discount to DHR's 34.9x P/E. Adjusting for growth (PEG ratio), NDSN offers better value at 2.26x vs DHR's 34.35x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $15.8B | $124.3B |
| Enterprise ValueMkt cap + debt − cash | $17.8B | $138.1B |
| Trailing P/EPrice ÷ TTM EPS | 33.39x | 34.85x |
| Forward P/EPrice ÷ next-FY EPS est. | 24.86x | 20.82x |
| PEG RatioP/E ÷ EPS growth rate | 2.26x | 34.35x |
| EV / EBITDAEnterprise value multiple | 20.66x | 18.21x |
| Price / SalesMarket cap ÷ Revenue | 5.67x | 5.06x |
| Price / BookPrice ÷ Book value/share | 5.31x | 2.38x |
| Price / FCFMarket cap ÷ FCF | 23.94x | 23.64x |
Profitability & Efficiency
NDSN leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
NDSN delivers a 16.8% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $7 for DHR. DHR carries lower financial leverage with a 0.35x debt-to-equity ratio, signaling a more conservative balance sheet compared to NDSN's 0.69x. On the Piotroski fundamental quality scale (0–9), DHR scores 7/9 vs NDSN's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +16.8% | +7.1% |
| ROA (TTM)Return on assets | +10.2% | +4.5% |
| ROICReturn on invested capital | +10.5% | +5.9% |
| ROCEReturn on capital employed | +13.4% | +7.0% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.69x | 0.35x |
| Net DebtTotal debt minus cash | $2.0B | $13.8B |
| Cash & Equiv.Liquid assets | $108M | $4.6B |
| Total DebtShort + long-term debt | $2.1B | $18.4B |
| Interest CoverageEBIT ÷ Interest expense | 7.44x | 18.13x |
Total Returns (Dividends Reinvested)
NDSN leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NDSN five years ago would be worth $14,244 today (with dividends reinvested), compared to $7,893 for DHR. Over the past 12 months, NDSN leads with a +51.8% total return vs DHR's -8.3%. The 3-year compound annual growth rate (CAGR) favors NDSN at 10.4% vs DHR's -5.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +18.2% | -23.6% |
| 1-Year ReturnPast 12 months | +51.8% | -8.3% |
| 3-Year ReturnCumulative with dividends | +34.5% | -15.5% |
| 5-Year ReturnCumulative with dividends | +42.4% | -21.1% |
| 10-Year ReturnCumulative with dividends | +298.2% | +219.3% |
| CAGR (3Y)Annualised 3-year return | +10.4% | -5.5% |
Risk & Volatility
Evenly matched — NDSN and DHR each lead in 1 of 2 comparable metrics.
Risk & Volatility
DHR is the less volatile stock with a 0.94 beta — it tends to amplify market swings less than NDSN's 1.05 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NDSN currently trades 93.1% from its 52-week high vs DHR's 72.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.05x | 0.94x |
| 52-Week HighHighest price in past year | $305.28 | $242.80 |
| 52-Week LowLowest price in past year | $188.22 | $172.06 |
| % of 52W HighCurrent price vs 52-week peak | +93.1% | +72.3% |
| RSI (14)Momentum oscillator 0–100 | 59.3 | 33.0 |
| Avg Volume (50D)Average daily shares traded | 306K | 4.2M |
Analyst Outlook
NDSN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates NDSN as "Buy" and DHR as "Buy". Consensus price targets imply 40.6% upside for DHR (target: $247) vs 9.6% for NDSN (target: $312). For income investors, NDSN offers the higher dividend yield at 1.11% vs DHR's 0.70%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $311.50 | $247.00 |
| # AnalystsCovering analysts | 20 | 42 |
| Dividend YieldAnnual dividend ÷ price | +1.1% | +0.7% |
| Dividend StreakConsecutive years of raises | 37 | 1 |
| Dividend / ShareAnnual DPS | $3.15 | $1.23 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.9% | +2.5% |
NDSN leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). DHR leads in 1 (Valuation Metrics). 1 tied.
NDSN vs DHR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NDSN or DHR a better buy right now?
For growth investors, Nordson Corporation (NDSN) is the stronger pick with 3.
8% revenue growth year-over-year, versus 2. 9% for Danaher Corporation (DHR). Nordson Corporation (NDSN) offers the better valuation at 33. 4x trailing P/E (24. 9x forward), making it the more compelling value choice. Analysts rate Nordson Corporation (NDSN) a "Buy" — based on 20 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NDSN or DHR?
On trailing P/E, Nordson Corporation (NDSN) is the cheapest at 33.
4x versus Danaher Corporation at 34. 9x. On forward P/E, Danaher Corporation is actually cheaper at 20. 8x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Nordson Corporation wins at 1. 68x versus Danaher Corporation's 34. 35x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — NDSN or DHR?
Over the past 5 years, Nordson Corporation (NDSN) delivered a total return of +42.
4%, compared to -21. 1% for Danaher Corporation (DHR). Over 10 years, the gap is even starker: NDSN returned +298. 2% versus DHR's +219. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NDSN or DHR?
By beta (market sensitivity over 5 years), Danaher Corporation (DHR) is the lower-risk stock at 0.
94β versus Nordson Corporation's 1. 05β — meaning NDSN is approximately 12% more volatile than DHR relative to the S&P 500. On balance sheet safety, Danaher Corporation (DHR) carries a lower debt/equity ratio of 35% versus 69% for Nordson Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — NDSN or DHR?
By revenue growth (latest reported year), Nordson Corporation (NDSN) is pulling ahead at 3.
8% versus 2. 9% for Danaher Corporation (DHR). On earnings-per-share growth, the picture is similar: Nordson Corporation grew EPS 4. 9% year-over-year, compared to -4. 7% for Danaher Corporation. Over a 3-year CAGR, NDSN leads at 2. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NDSN or DHR?
Nordson Corporation (NDSN) is the more profitable company, earning 17.
4% net margin versus 14. 7% for Danaher Corporation — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NDSN leads at 25. 5% versus 20. 9% for DHR. At the gross margin level — before operating expenses — DHR leads at 60. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NDSN or DHR more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Nordson Corporation (NDSN) is the more undervalued stock at a PEG of 1. 68x versus Danaher Corporation's 34. 35x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Danaher Corporation (DHR) trades at 20. 8x forward P/E versus 24. 9x for Nordson Corporation — 4. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DHR: 40. 6% to $247. 00.
08Which pays a better dividend — NDSN or DHR?
All stocks in this comparison pay dividends.
Nordson Corporation (NDSN) offers the highest yield at 1. 1%, versus 0. 7% for Danaher Corporation (DHR).
09Is NDSN or DHR better for a retirement portfolio?
For long-horizon retirement investors, Danaher Corporation (DHR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
94), 0. 7% yield, +219. 3% 10Y return). Both have compounded well over 10 years (DHR: +219. 3%, NDSN: +298. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NDSN and DHR?
These companies operate in different sectors (NDSN (Industrials) and DHR (Healthcare)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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