Donaldson Company, Inc. (DCI) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Industrial - Machinery
EV/EBITDA
↓
16.00
+6% vs avg
5yr avg: 15.03
30Y Low6.5·High18.3
P/FCF
↑
29.31
+11% vs avg
5yr avg: 26.31
30Y Low13.0·High142.6
P/B Ratio
↓
7.12
+13% vs avg
5yr avg: 6.30
30Y Low2.8·High7.5
ROE
↓
24.9%
-11% vs avg
5yr avg: 28.0%
30Y Low18%·High30%
Debt/EBITDA
↑
1.11
↓-0% vs avg
5yr avg: 1.12
30Y Low0.2·High1.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DCI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Donaldson Company, Inc. trades at 28.2x earnings, 20% above its 5-year average of 23.5x, sitting at the 93rd percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 11%. On a free-cash-flow basis, the stock trades at 29.3x P/FCF, 11% above the 5-year average of 26.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.0B | $8.7B | $9.2B | $7.8B | $6.8B | $8.5B | $6.2B | $6.5B | $6.3B | $6.4B | $4.9B |
| Enterprise Value | $10.5B | $9.2B | $9.5B | $8.2B | $7.3B | $8.8B | $6.7B | $7.0B | $6.6B | $6.7B | $5.2B |
| P/E Ratio → | 28.18 | 23.60 | 22.14 | 21.67 | 20.45 | 29.55 | 24.17 | 24.37 | 35.07 | 27.29 | 25.44 |
| P/S Ratio | 2.70 | 2.35 | 2.56 | 2.26 | 2.06 | 2.97 | 2.40 | 2.29 | 2.31 | 2.68 | 2.19 |
| P/B Ratio | 7.12 | 5.96 | 6.16 | 5.88 | 6.01 | 7.46 | 6.21 | 7.25 | 7.31 | 7.41 | 6.31 |
| P/FCF | 29.31 | 25.49 | 22.54 | 18.21 | 40.62 | 24.70 | 23.44 | 33.31 | 37.76 | 25.80 | 22.84 |
| P/OCF | 23.79 | 20.69 | 18.63 | 14.26 | 26.95 | 21.11 | 16.03 | 18.82 | 23.99 | 20.52 | 17.02 |
P/E links to full P/E history page with 30-year chart
DCI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Donaldson Company, Inc.'s enterprise value stands at 16.0x EBITDA, 6% above its 5-year average of 15.0x. The Industrials sector median is 13.8x, placing the stock at a 16% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.50 | 2.66 | 2.40 | 2.21 | 3.08 | 2.58 | 2.45 | 2.43 | 2.81 | 2.34 |
| EV / EBITDA | 16.00 | 14.03 | 14.85 | 14.38 | 13.60 | 18.31 | 15.59 | 14.85 | 14.55 | 16.52 | 14.88 |
| EV / EBIT | 18.86 | 17.84 | 17.13 | 16.88 | 16.13 | 22.31 | 18.91 | 17.63 | 17.26 | 19.54 | 18.68 |
| EV / FCF | — | 27.11 | 23.44 | 19.31 | 43.60 | 25.58 | 25.19 | 35.66 | 39.79 | 27.03 | 24.37 |
DCI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Donaldson Company, Inc. earns an operating margin of 15.1%, above the Industrials sector average of 4.3%. Operating margins have expanded from 14.0% to 15.1% over the past 3 years, signaling improving operational efficiency. ROE of 24.9% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 21.7% represents excellent returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.8% | 34.8% | 35.5% | 33.8% | 32.3% | 34.0% | 33.8% | 33.3% | 34.2% | 34.7% | 34.0% |
| Operating Margin | 15.1% | 15.1% | 15.2% | 14.0% | 13.4% | 13.5% | 13.2% | 13.6% | 13.9% | 13.9% | 12.3% |
| Net Profit Margin | 9.9% | 9.9% | 11.5% | 10.5% | 10.1% | 10.1% | 10.0% | 9.4% | 6.6% | 9.8% | 8.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.9% | 24.9% | 29.5% | 29.2% | 29.3% | 26.9% | 27.1% | 30.4% | 20.9% | 28.6% | 24.6% |
| ROA | 12.5% | 12.5% | 14.6% | 13.4% | 13.3% | 12.4% | 11.7% | 13.0% | 9.1% | 12.4% | 10.6% |
| ROIC | 21.7% | 21.7% | 22.4% | 21.0% | 21.6% | 19.9% | 18.1% | 22.8% | 24.1% | 21.8% | 18.1% |
| ROCE | 25.6% | 25.6% | 26.2% | 24.1% | 23.6% | 21.2% | 19.4% | 24.5% | 25.3% | 24.0% | 22.0% |
DCI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Donaldson Company, Inc. carries a Debt/EBITDA ratio of 1.1x, which is manageable (65% below the sector average of 3.2x). Net debt stands at $550M ($730M total debt minus $180M cash). Interest coverage of 21.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.50 | 0.50 | 0.40 | 0.50 | 0.61 | 0.46 | 0.70 | 0.71 | 0.63 | 0.71 | 0.74 |
| Debt / EBITDA | 1.11 | 1.11 | 0.93 | 1.15 | 1.29 | 1.10 | 1.64 | 1.36 | 1.19 | 1.51 | 1.63 |
| Net Debt / Equity | — | 0.38 | 0.25 | 0.35 | 0.44 | 0.27 | 0.46 | 0.51 | 0.39 | 0.35 | 0.42 |
| Net Debt / EBITDA | 0.84 | 0.84 | 0.57 | 0.82 | 0.93 | 0.64 | 1.09 | 0.98 | 0.74 | 0.75 | 0.93 |
| Debt / FCF | — | 1.62 | 0.90 | 1.10 | 2.98 | 0.89 | 1.75 | 2.35 | 2.03 | 1.23 | 1.53 |
| Interest Coverage | 21.34 | 21.34 | 26.01 | 25.41 | 30.42 | 30.31 | 20.26 | 19.85 | 18.07 | 17.51 | 13.43 |
DCI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.93x means Donaldson Company, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.25x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.70x to 1.93x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.93 | 1.93 | 1.84 | 1.70 | 2.23 | 2.05 | 2.70 | 2.32 | 2.40 | 2.38 | 1.86 |
| Quick Ratio | 1.25 | 1.25 | 1.23 | 1.15 | 1.44 | 1.42 | 1.90 | 1.64 | 1.69 | 1.77 | 1.43 |
| Cash Ratio | 0.24 | 0.24 | 0.30 | 0.25 | 0.31 | 0.37 | 0.58 | 0.37 | 0.44 | 0.64 | 0.45 |
| Asset Turnover | — | 1.24 | 1.23 | 1.24 | 1.27 | 1.19 | 1.15 | 1.33 | 1.38 | 1.20 | 1.24 |
| Inventory Turnover | 4.68 | 4.68 | 4.85 | 5.43 | 4.46 | 4.90 | 5.30 | 5.70 | 5.38 | 5.28 | 6.26 |
| Days Sales Outstanding | — | 65.49 | 64.09 | 63.80 | 68.06 | 70.69 | 64.37 | 67.93 | 71.37 | 76.59 | 74.37 |
DCI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Donaldson Company, Inc. returns 4.6% to shareholders annually — split between a 1.3% dividend yield and 3.3% buyback yield. The payout ratio of 35.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 1.5% | 1.3% | 1.5% | 1.6% | 1.3% | 1.7% | 1.5% | 1.5% | 1.5% | 1.9% |
| Payout Ratio | 35.9% | 35.9% | 29.7% | 31.9% | 33.1% | 37.4% | 41.4% | 37.3% | 52.5% | 39.7% | 47.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.5% | 4.2% | 4.5% | 4.6% | 4.9% | 3.4% | 4.1% | 4.1% | 2.9% | 3.7% | 3.9% |
| FCF Yield | 3.4% | 3.9% | 4.4% | 5.5% | 2.5% | 4.0% | 4.3% | 3.0% | 2.6% | 3.9% | 4.4% |
| Buyback Yield | 3.3% | 3.8% | 1.9% | 1.8% | 2.5% | 1.7% | 1.5% | 2.0% | 1.9% | 2.2% | 1.7% |
| Total Shareholder Yield | 4.6% | 5.3% | 3.2% | 3.3% | 4.1% | 2.9% | 3.2% | 3.5% | 3.4% | 3.7% | 3.6% |
| Shares Outstanding | — | $120M | $123M | $124M | $125M | $128M | $128M | $130M | $132M | $134M | $135M |
Peer Comparison
Compare DCI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DCIYou | $10B | 28.2 | 16.0 | 29.3 | 34.8% | 15.1% | 24.9% | 21.7% | 1.1 |
 PH | $121B | 35.5 | 26.3 | 36.3 | 36.9% | 20.5% | 27.4% | 13.4% | 1.9 |
 MWA | $4B | 21.2 | 13.5 | 23.5 | 36.1% | 18.2% | 21.4% | 19.7% | 1.5 |
 ROP | $33B | 22.9 | 13.7 | 13.4 | 69.2% | 28.3% | 7.9% | 6.1% | 3.0 |
 FELE | $5B | 32.1 | 14.4 | 23.8 | 35.5% | 12.7% | 11.3% | 14.7% | 0.8 |
 CECO | $4B | 72.8 | 46.6 | — | 32.7% | 6.7% | 17.4% | 10.0% | 0.3 |
 AAON | $11B | 105.6 | 50.0 | — | 26.7% | 10.6% | 12.5% | 9.8% | 1.9 |
 CLFD | $548M | -69.0 | 64.9 | 22.2 | 33.7% | 1.4% | -3.0% | 0.6% | 1.1 |
 NFBK | $601M | 726.3 | 63.2 | 11.5 | 35.3% | 9.3% | 0.1% | 0.8% | 39.6 |
 MNRO | $461M | 558.2 | 12.1 | 11.9 | 35.0% | 1.3% | 0.4% | 1.1% | 6.3 |
 CAT | $476B | 54.3 | 37.8 | 46.3 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
| Industrials Median | — | 25.5 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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DCI — Frequently Asked Questions
Quick answers to the most common questions about buying DCI stock.
What is Donaldson Company, Inc.'s P/E ratio?
Donaldson Company, Inc.'s current P/E ratio is 28.2x. The historical average is 21.9x. This places it at the 93th percentile of its historical range.
What is Donaldson Company, Inc.'s EV/EBITDA?
Donaldson Company, Inc.'s current EV/EBITDA is 16.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.9x.
What is Donaldson Company, Inc.'s ROE?
Donaldson Company, Inc.'s return on equity (ROE) is 24.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 24.8%.
Is DCI stock overvalued?
Based on historical data, Donaldson Company, Inc. is trading at a P/E of 28.2x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Donaldson Company, Inc.'s dividend yield?
Donaldson Company, Inc.'s current dividend yield is 1.27% with a payout ratio of 35.9%.
What are Donaldson Company, Inc.'s profit margins?
Donaldson Company, Inc. has 34.8% gross margin and 15.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Donaldson Company, Inc. have?
Donaldson Company, Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.