Donaldson Company, Inc. (DCI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 995.1M | 896.3M | 935.4M | 980.7M | 940.1M | 870M | 900.1M | 935.4M | 927.9M | 876.7M | 846.3M | 879.5M | 875.7M | 828.3M | 847.3M | 890M | 853.2M | 802.5M | 760.9M | 773.1M |
| Revenue Growth % | 5.85% | 3.02% | 3.92% | 4.84% | 1.31% | -0.76% | 6.36% | 6.36% | 5.96% | 5.84% | -0.12% | -1.18% | 2.64% | 3.21% | 11.36% | 15.12% | 11.53% | 18.17% | 19.53% | 25.22% |
| Cost of Goods Sold | 661.7M | 596.5M | 606.6M | 641.9M | 618.2M | 564.1M | 580.5M | 600.6M | 601.7M | 571.9M | 545.4M | 579.4M | 586.9M | 543.9M | 560.1M | 598.4M | 584.2M | 552.7M | 503.9M | 507.4M |
| COGS % of Revenue | 66.5% | 66.55% | 64.85% | 65.45% | 65.76% | 64.84% | 64.49% | 64.21% | 64.85% | 65.23% | 64.45% | 65.88% | 67.02% | 65.66% | 66.1% | 67.24% | 68.47% | 68.87% | 66.22% | 65.63% |
| Gross Profit | 333.4M | 299.8M | 328.8M | 338.8M | 321.9M | 305.9M | 319.6M | 334.8M | 326.2M | 304.8M | 300.9M | 300.1M | 288.8M | 284.4M | 287.2M | 291.6M | 269M | 249.8M | 257M | 265.7M |
| Gross Margin % | 33.5% | 33.45% | 35.15% | 34.55% | 34.24% | 35.16% | 35.51% | 35.79% | 35.15% | 34.77% | 35.55% | 34.12% | 32.98% | 34.34% | 33.9% | 32.76% | 31.53% | 31.13% | 33.78% | 34.37% |
| Gross Profit Growth % | 3.57% | -1.99% | 2.88% | 1.19% | -1.32% | 0.36% | 6.21% | 11.56% | 12.95% | 7.17% | 4.77% | 2.92% | 7.36% | 13.85% | 11.75% | 9.75% | 4.26% | 10.87% | 15.4% | 27.8% |
| Operating Expenses | 178.1M | 181.1M | 184.9M | 187.1M | 234.5M | 180.4M | 188.8M | 188.6M | 182.6M | 175.1M | 176.3M | 179.6M | 164.8M | 168.1M | 167.9M | 162.3M | 158M | 154.1M | 149.5M | 153.7M |
| OpEx % of Revenue | 17.9% | 20.21% | 19.77% | 19.08% | 24.94% | 20.74% | 20.98% | 20.16% | 19.68% | 19.97% | 20.83% | 20.42% | 18.82% | 20.29% | 19.82% | 18.24% | 18.52% | 19.2% | 19.65% | 19.88% |
| Selling, General & Admin | 158.9M | 162.5M | 165.7M | 164.6M | 151.1M | 159.2M | 166.1M | 163.2M | 157.8M | 153M | 155M | 157.6M | 145.8M | 149.6M | 149.2M | 143.7M | 140.6M | 137.5M | 133M | 153.7M |
| SG&A % of Revenue | 15.97% | 18.13% | 17.71% | 16.78% | 16.07% | 18.3% | 18.45% | 17.45% | 17.01% | 17.45% | 18.32% | 17.92% | 16.65% | 18.06% | 17.61% | 16.15% | 16.48% | 17.13% | 17.48% | 19.88% |
| Research & Development | 19.2M | 18.6M | 19.2M | 22.5M | 21.4M | 21.2M | 22.7M | 25.4M | 24.8M | 22.1M | 21.3M | 22M | 19M | 18.5M | 18.7M | 18.6M | 17.4M | 16.6M | 16.5M | 0 |
| R&D % of Revenue | 1.93% | 2.08% | 2.05% | 2.29% | 2.28% | 2.44% | 2.52% | 2.72% | 2.67% | 2.52% | 2.52% | 2.5% | 2.17% | 2.23% | 2.21% | 2.09% | 2.04% | 2.07% | 2.17% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 155.3M | 118.7M | 143.4M | 151.7M | 87.4M | 125.5M | 130.8M | 146.2M | 143.6M | 129.7M | 124.6M | 120.6M | 124M | 116.3M | 119.3M | 129.3M | 111M | 95.7M | 107.5M | 112M |
| Operating Margin % | 15.61% | 13.24% | 15.33% | 15.47% | 9.3% | 14.43% | 14.53% | 15.63% | 15.48% | 14.79% | 14.72% | 13.71% | 14.16% | 14.04% | 14.08% | 14.53% | 13.01% | 11.93% | 14.13% | 14.49% |
| Operating Income Growth % | 77.69% | -5.42% | 9.63% | 3.76% | -39.14% | -3.24% | 4.98% | 21.23% | 15.81% | 11.52% | 4.44% | -6.73% | 11.71% | 21.53% | 10.98% | 15.45% | 1.46% | 25.76% | 23.28% | 35.76% |
| EBITDA | 155.3M | 143.3M | 167.7M | 176.1M | 112M | 150.5M | 156.3M | 171.1M | 168.2M | 154.3M | 148.9M | 145.7M | 146.5M | 138.7M | 141.7M | 152.3M | 134.5M | 119.4M | 131.3M | 136.9M |
| EBITDA Margin % | 15.61% | 15.99% | 17.93% | 17.96% | 11.91% | 17.3% | 17.36% | 18.29% | 18.13% | 17.6% | 17.59% | 16.57% | 16.73% | 16.75% | 16.72% | 17.11% | 15.76% | 14.88% | 17.26% | 17.71% |
| EBITDA Growth % | 38.66% | -4.78% | 7.29% | 2.92% | -33.41% | -2.46% | 4.97% | 17.43% | 14.81% | 11.25% | 5.08% | -4.33% | 8.92% | 16.16% | 7.92% | 11.25% | 0.98% | 20.12% | 18.82% | 29.76% |
| D&A (Non-Cash Add-back) | 0 | 24.6M | 24.3M | 24.4M | 24.6M | 25M | 25.5M | 24.9M | 24.6M | 24.6M | 24.3M | 25.1M | 22.5M | 22.4M | 22.4M | 23M | 23.5M | 23.7M | 23.8M | 24.9M |
| EBIT | 154.8M | 124.3M | 154.6M | 156.8M | 92.7M | 130.9M | 136M | 144.7M | 141.4M | 134.6M | 128.4M | 122.2M | 126.6M | 117.9M | 121.1M | 132.7M | 115.1M | 98.1M | 107.5M | 117.1M |
| Net Interest Income | -6.5M | -7.7M | -7.1M | -7.1M | -5.7M | -5.9M | -5.5M | -5.3M | -5M | -5.6M | -5.5M | -4.9M | -5.1M | -4.6M | -4.5M | -4.1M | -3.8M | -3.6M | -3.4M | -3.1M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 6.5M | 7.7M | 7.1M | 7.1M | 5.7M | 5.9M | 5.5M | 5.3M | 5M | 5.6M | 5.5M | 4.9M | 5.1M | 4.6M | 4.5M | 4.1M | 3.8M | 3.6M | 3.4M | 3.1M |
| Other Income/Expense | -500K | -2.1M | 4.1M | -2M | -400K | -500K | -300K | -6.8M | 400K | -700K | -1.7M | -3.3M | -2.5M | -3M | -2.7M | -700K | 300K | -1.2M | -3.4M | 2M |
| Pretax Income | 154.8M | 116.6M | 147.5M | 149.7M | 87M | 125M | 130.5M | 139.4M | 144M | 129M | 122.9M | 117.3M | 121.5M | 113.3M | 116.6M | 128.6M | 111.3M | 94.5M | 104.1M | 114M |
| Pretax Margin % | 15.56% | 13.01% | 15.77% | 15.26% | 9.25% | 14.37% | 14.5% | 14.9% | 15.52% | 14.71% | 14.52% | 13.34% | 13.87% | 13.68% | 13.76% | 14.45% | 13.05% | 11.78% | 13.68% | 14.75% |
| Income Tax | 36.7M | 24.1M | 33.6M | 35.4M | 29.2M | 29.1M | 31.5M | 29.7M | 30.5M | 30.3M | 30.8M | 25.4M | 27.8M | 27.3M | 29.4M | 27.6M | 28.3M | 22.7M | 27M | 29.6M |
| Effective Tax Rate % | 23.71% | 20.67% | 22.78% | 23.65% | 33.56% | 23.28% | 24.14% | 21.31% | 21.18% | 23.49% | 25.06% | 21.65% | 22.88% | 24.1% | 25.21% | 21.46% | 25.43% | 24.02% | 25.94% | 25.96% |
| Net Income | 118.1M | 92.5M | 113.9M | 114.3M | 57.8M | 95.9M | 99M | 109.7M | 113.5M | 98.7M | 92.1M | 91.9M | 93.7M | 86M | 87.2M | 101.1M | 83M | 71.8M | 77.1M | 84.3M |
| Net Margin % | 11.87% | 10.32% | 12.18% | 11.65% | 6.15% | 11.02% | 11% | 11.73% | 12.23% | 11.26% | 10.88% | 10.45% | 10.7% | 10.38% | 10.29% | 11.36% | 9.73% | 8.95% | 10.13% | 10.9% |
| Net Income Growth % | 104.33% | -3.55% | 15.05% | 4.19% | -49.07% | -2.84% | 7.49% | 19.37% | 21.13% | 14.77% | 5.62% | -9.1% | 12.89% | 19.78% | 13.1% | 19.93% | -1.66% | 27.76% | 24.56% | 31.31% |
| Net Income (Continuing) | 118.1M | 92.5M | 113.9M | 114.3M | 57.8M | 95.9M | 99M | 109.7M | 113.5M | 98.7M | 92.1M | 91.9M | 93.7M | 86M | 87.2M | 101.1M | 83M | 71.8M | 77.1M | 84.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.00 | 0.78 | 0.97 | 0.97 | 0.48 | 0.79 | 0.81 | 0.90 | 0.92 | 0.81 | 0.75 | 0.75 | 0.76 | 0.70 | 0.70 | 0.81 | 0.67 | 0.57 | 0.61 | 0.66 |
| EPS Growth % | 108.33% | -1.27% | 19.75% | 7.78% | -47.83% | -2.47% | 8% | 20% | 21.05% | 15.71% | 7.14% | -7.41% | 13.43% | 22.81% | 14.75% | 22.73% | 1.52% | 29.55% | 27.08% | 32% |
| EPS (Basic) | 1.02 | 0.80 | 0.98 | 0.98 | 0.49 | 0.80 | 0.83 | 0.91 | 0.94 | 0.82 | 0.76 | 0.76 | 0.77 | 0.71 | 0.71 | 0.82 | 0.67 | 0.58 | 0.62 | 0.67 |
| Diluted Shares Outstanding | 118.1M | 117.9M | 117.8M | 118.1M | 120.3M | 121.4M | 121.9M | 122.5M | 122.9M | 122.1M | 122.6M | 123.2M | 123.5M | 123.3M | 123.9M | 124.1M | 124.6M | 125.6M | 126.3M | 127.8M |
| Basic Shares Outstanding | 115.9M | 115.6M | 115.9M | 116.4M | 118.8M | 119.6M | 119.9M | 120.4M | 120.8M | 120.5M | 120.9M | 121.4M | 121.6M | 121.7M | 122.6M | 123.1M | 123.4M | 123.9M | 124.4M | 125.8M |
| Dividend Payout Ratio | 29.38% | 37.41% | 30.47% | 30.62% | 55.88% | 33.58% | 32.73% | 29.63% | 26.43% | 30.5% | 32.79% | 32.97% | 29.78% | 32.56% | 32.34% | 27.99% | 32.77% | 37.88% | 35.54% | 32.86% |