Donaldson Company, Inc. (DCI) Key Metrics
DCI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $10.19B
- Enterprise value
- $11.13B
- P/E (TTM)
- 22.8 10-yr median 24.2
- Forward P/E
- 19.9
- PEG ratio
- 1.59
- Price / sales
- 2.6 10-yr median 2.4
- Price / book
- 5.7 10-yr median 6.3
- EV / EBITDA
- 15.3 10-yr median 14.7
- Dividend yield
- 1.41% $1.24 a year
- Beta
- 0.87
DCI key metrics, FY2017–FY2026
Fiscal year ended July 31, 2026 · U.S. dollarsDCI valuation Price multiples at each fiscal year-end price.
DCI returns How much profit the business earns on the capital it uses.
DCI per-share figures Results divided by the shares outstanding at year-end.
DCI financial health Debt, liquidity and how easily interest is covered.
DCI efficiency & capital use Working capital cycle and where the cash goes.
DCI valuation history
DCI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DCI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DCI cash returned to shareholders
DCI price vs earnings per share
DCI key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $11.11B | $8.67B | $9.17B | $7.77B | $6.81B | $8.49B | $6.20B | $6.51B | $6.31B | $6.37B |
| Enterprise value | $12.24B | $9.15B | $9.54B | $8.29B | $7.31B | $8.79B | $6.67B | $6.97B | $6.64B | $6.67B |
| P/E ratio | 24.5 | 23.6 | 22.2 | 21.6 | 20.5 | 29.6 | 24.1 | 24.4 | 35.0 | 27.4 |
| Price / sales | 2.9 | 2.3 | 2.6 | 2.3 | 2.1 | 3.0 | 2.4 | 2.3 | 2.3 | 2.7 |
| Price / book | 6.3 | 6.0 | 6.2 | 5.9 | 6.0 | 7.5 | 6.2 | 7.3 | 7.4 | 7.5 |
| Price / free cash flow | 26.1 | 25.5 | 22.5 | 18.2 | 40.6 | 24.7 | 23.4 | 33.3 | 37.8 | 25.8 |
| Price / operating cash flow | 22.5 | 20.7 | 18.6 | 14.3 | 26.9 | 21.1 | 16.0 | 18.8 | 24.0 | 20.5 |
| EV / sales | 3.2 | 2.5 | 2.7 | 2.4 | 2.2 | 3.1 | 2.6 | 2.4 | 2.4 | 2.8 |
| EV / EBITDA | 16.8 | 14.9 | 14.6 | 14.3 | 13.4 | 18.0 | 15.1 | 14.6 | 14.5 | 16.0 |
| EV / free cash flow | 28.7 | 26.9 | 23.4 | 19.5 | 43.6 | 25.6 | 25.2 | 35.7 | 39.8 | 27.0 |
| Earnings yield | 4.1% | 4.2% | 4.5% | 4.6% | 4.9% | 3.4% | 4.1% | 4.1% | 2.9% | 3.7% |
| Free cash flow yield | 3.8% | 3.9% | 4.4% | 5.5% | 2.5% | 4.0% | 4.3% | 3.0% | 2.6% | 3.9% |
| Dividend yield | 1.3% | 1.5% | 1.3% | 1.5% | 1.6% | 1.3% | 1.7% | 1.5% | 1.5% | 1.5% |
| Shareholder yield (dividends + buybacks) | 2.3% | 5.3% | 3.2% | 3.3% | 4.1% | 2.9% | 3.2% | 3.5% | 3.4% | 3.7% |
| Share price at fiscal year-end | $94.24 | $71.97 | $74.82 | $62.83 | $54.41 | $66.19 | $48.34 | $49.95 | $47.70 | $47.49 |
| Per share | ||||||||||
| Revenue per share | $32.96 | $30.66 | $29.25 | $27.76 | $26.41 | $22.26 | $20.12 | $21.83 | $20.68 | $17.69 |
| Earnings per share | $3.85 | $3.05 | $3.38 | $2.90 | $2.66 | $2.24 | $2.00 | $2.05 | $1.36 | $1.74 |
| Operating cash flow per share | $4.19 | $3.48 | $4.02 | $4.41 | $2.02 | $3.13 | $3.02 | $2.65 | $1.99 | $2.31 |
| Free cash flow per share | $3.62 | $2.82 | $3.32 | $3.45 | $1.34 | $2.68 | $2.06 | $1.50 | $1.26 | $1.84 |
| Cash per share | $2.12 | $1.50 | $1.90 | $1.51 | $1.54 | $1.74 | $1.84 | $1.36 | $1.55 | $2.30 |
| Book value per share | $14.97 | $12.07 | $12.15 | $10.69 | $9.05 | $8.87 | $7.74 | $6.85 | $6.49 | $6.37 |
| Tangible book value per share | $3.16 | $7.16 | $6.84 | $5.27 | $5.49 | $5.87 | $4.75 | $3.98 | $4.42 | $4.29 |
| Dividends per share | $1.20 | $1.10 | $1.00 | $0.93 | $0.88 | $0.84 | $0.83 | $0.77 | $0.72 | $0.69 |
| Capex per share | $0.57 | $0.66 | $0.70 | $0.96 | $0.68 | $0.45 | $0.95 | $1.15 | $0.73 | $0.47 |
| Debt per share | $11.73 | $5.55 | $4.88 | $5.79 | $5.53 | $4.12 | $5.46 | $4.89 | $4.11 | $4.56 |
| Shares outstanding | 117.9M | 120.4M | 122.6M | 123.6M | 125.2M | 128.2M | 128.3M | 130.3M | 132.2M | 134.1M |
| Change in shares outstanding | −2.1% | −1.8% | −0.8% | −1.3% | −2.3% | −0.1% | −1.5% | −1.4% | −1.4% | −0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 28.2% | 24.9% | 29.5% | 29.2% | 29.3% | 26.9% | 27.3% | 30.5% | 21.1% | 28.7% |
| Return on invested capital (ROIC) | 19.2% | 21.9% | 22.7% | 21.1% | 21.9% | 20.0% | 18.6% | 21.7% | 16.1% | 21.1% |
| Return on assets (ROA) | 13.0% | 12.5% | 14.6% | 13.4% | 13.3% | 12.4% | 11.7% | 13.0% | 9.1% | 12.4% |
| Return on tangible assets | 17.5% | 15.4% | 18.3% | 17.1% | 15.4% | 14.2% | 13.8% | 15.1% | 10.6% | 13.7% |
| Free cash flow margin | 11.0% | 9.2% | 11.3% | 12.4% | 5.1% | 12.0% | 10.2% | 6.9% | 6.1% | 10.4% |
| Income quality (OCF / net income) | 1.09 | 1.14 | 1.19 | 1.52 | 0.76 | 1.40 | 1.51 | 1.29 | 1.46 | 1.33 |
| Financial health | ||||||||||
| Total debt | $1.38B | $668.3M | $598.2M | $715.9M | $692.8M | $527.6M | $700.7M | $636.7M | $543.1M | $611.2M |
| Cash & short-term investments | $250.4M | $180.4M | $232.7M | $187.1M | $193.3M | $222.8M | $236.6M | $177.8M | $204.7M | $308.4M |
| Net debt | $1.13B | $487.9M | $365.5M | $528.8M | $499.5M | $304.8M | $464.1M | $458.9M | $338.4M | $302.8M |
| Debt / equity | 0.78 | 0.46 | 0.40 | 0.54 | 0.61 | 0.46 | 0.71 | 0.71 | 0.63 | 0.72 |
| Debt / assets | 0.35 | 0.22 | 0.21 | 0.26 | 0.27 | 0.22 | 0.31 | 0.30 | 0.27 | 0.31 |
| Net debt / EBITDA | 1.56 | 0.79 | 0.56 | 0.91 | 0.91 | 0.62 | 1.05 | 0.96 | 0.74 | 0.73 |
| Current ratio | 2.08 | 1.93 | 1.84 | 1.70 | 2.23 | 2.05 | 2.70 | 2.32 | 2.40 | 2.38 |
| Quick ratio | 1.41 | 1.25 | 1.23 | 1.15 | 1.44 | 1.42 | 1.90 | 1.64 | 1.69 | 1.77 |
| Interest coverage | 16.7 | 23.0 | 25.4 | 25.0 | 29.8 | 29.6 | 19.5 | 19.5 | 17.8 | 16.9 |
| Working capital | $865.6M | $704.5M | $655.6M | $529.6M | $776.9M | $637.4M | $689.9M | $639.7M | $656.3M | $666.9M |
| Invested capital | $2.90B | $1.94B | $1.85B | $1.85B | $1.63B | $1.44B | $1.46B | $1.35B | $1.20B | $1.16B |
| Tangible asset value | $373.0M | $862.5M | $838.8M | $651.5M | $687.6M | $753.0M | $608.8M | $518.7M | $583.8M | $575.8M |
| Net current asset value | −$552.7M | −$62.0M | $12.9M | −$163.8M | −$60.6M | −$19.1M | −$155.0M | −$127.3M | $6.9M | $25.8M |
| Graham number | $36.00 | $28.77 | $30.38 | $26.42 | $23.27 | $21.13 | $18.68 | $17.78 | $14.11 | $15.78 |
| Graham net-net per share | −$9.62 | −$4.90 | −$3.93 | −$4.89 | −$4.47 | −$3.38 | −$3.99 | −$3.90 | −$2.62 | −$2.21 |
| Capital allocation | ||||||||||
| Dividends paid | $141.2M | $131.9M | $122.8M | $114.4M | $110.1M | $107.2M | $106.4M | $99.7M | $94.7M | $92.4M |
| Share buybacks (net) | $111.2M | $331.5M | $170.7M | $141.8M | $170.6M | $142.2M | $94.3M | $129.2M | $122.0M | $140.4M |
| Dividend payout ratio | 31.1% | 35.9% | 29.7% | 31.9% | 33.1% | 37.4% | 41.4% | 37.3% | 52.5% | 39.7% |
| Dividends + buybacks / free cash flow | 59.2% | 136.3% | 72.1% | 60.1% | 167.4% | 72.6% | 75.9% | 117.1% | 129.8% | 94.3% |
| Capex / revenue | 1.7% | 2.1% | 2.4% | 3.4% | 2.6% | 2.0% | 4.7% | 5.3% | 3.5% | 2.7% |
| Capex / operating cash flow | 13.7% | 18.8% | 17.4% | 21.7% | 33.7% | 14.5% | 31.6% | 43.5% | 36.5% | 20.5% |
| Capex / depreciation | 0.64 | 0.79 | 0.87 | 1.28 | 0.91 | 0.61 | 1.40 | 1.85 | 1.25 | 0.84 |
| Stock-based compensation / revenue | 0.6% | 0.7% | 0.6% | 0.6% | 0.6% | 0.5% | 0.6% | 0.5% | 0.6% | 0.4% |
| R&D / revenue | 2.0% | 2.4% | 2.6% | 2.3% | 2.1% | 2.4% | 2.4% | 2.2% | 2.2% | 2.3% |
| SG&A / revenue | — | 17.4% | 17.8% | 17.6% | 16.8% | 18.2% | 18.2% | 17.5% | 18.1% | 18.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 66.7 | 63.9 | 62.6 | 64.7 | 64.5 | 64.5 | 69.6 | 68.3 | 68.9 | 73.1 |
| Days of inventory on hand | 75.6 | 75.2 | 70.6 | 74.0 | 72.3 | 68.6 | 70.0 | 64.2 | 63.7 | 62.2 |
| Days payables outstanding | 53.7 | 56.8 | 54.0 | 51.7 | 51.5 | 46.7 | 45.4 | 42.2 | 40.1 | 39.7 |
| Cash conversion cycle (days) | 88.6 | 82.3 | 79.2 | 87.0 | 85.3 | 86.3 | 94.2 | 90.2 | 92.5 | 95.5 |
| Receivables turnover | 5.47 | 5.71 | 5.83 | 5.64 | 5.66 | 5.66 | 5.24 | 5.35 | 5.30 | 4.99 |
| Payables turnover | 6.80 | 6.43 | 6.76 | 7.06 | 7.08 | 7.82 | 8.04 | 8.64 | 9.10 | 9.18 |
| Inventory turnover | 4.83 | 4.86 | 5.17 | 4.93 | 5.05 | 5.32 | 5.22 | 5.69 | 5.73 | 5.87 |
| Asset turnover | 1.12 | 1.25 | 1.26 | 1.28 | 1.32 | 1.23 | 1.18 | 1.38 | 1.38 | 1.26 |
| Average receivables | $710.1M | $646.0M | $614.7M | $608.1M | $584.6M | $504.0M | $492.4M | $532.0M | $516.1M | $475.1M |
| Average payables | $373.6M | $374.0M | $342.1M | $321.7M | $316.2M | $240.8M | $212.6M | $219.4M | $197.7M | $168.7M |
| Average inventory | $526.1M | $495.1M | $447.4M | $460.2M | $443.4M | $353.6M | $327.8M | $333.4M | $313.8M | $263.8M |
| Intangibles / total assets | 34.9% | 19.9% | 22.3% | 24.2% | 17.1% | 16.0% | 17.1% | 17.5% | 13.9% | 14.1% |
Computed from DCI's annual financial statements (latest annual report filed September 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DCI valuation and financial ratios
At the end of fiscal 2026 (July 31, 2026), Donaldson traded at 24.5 times earnings, against a 10-year median of 24.2. Based on the latest twelve months, the trailing P/E is 22.8 and the forward P/E is 19.9. Donaldson earned a return on equity of 28.2% and a return on invested capital of 19.2% in fiscal 2026. It ended the year with $1.4 billion of debt and $250.4 million in cash and short-term investments, net debt of $1.1 billion. It returned $252.4 million to shareholders: $141.2 million in dividends and $111.2 million in share buybacks, 59% of free cash flow. The share count fell 12.1% from 134.1M to 117.9M over 9 years.
See the DCI income statement, the DCI chart for price history, or the DCI stock overview for the latest quote and news.
DCI key metrics FAQ
What is Donaldson's P/E ratio?
Donaldson's trailing P/E ratio is 22.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.9. At the end of fiscal 2026 it was 24.5, compared with a 10-year median of 24.2.
What is Donaldson's EV/EBITDA?
Donaldson's enterprise value was 16.8 times EBITDA at the end of fiscal 2026 (enterprise value $12.2 billion, EBITDA $727.8 million); the current EV/EBITDA is 15.3.
What is Donaldson's return on equity?
Donaldson's return on equity (ROE) was 28.2% in fiscal 2026: net income of $453.8 million on average shareholders' equity of $1.6 billion.
What is Donaldson's ROIC?
Donaldson's return on invested capital was 19.2% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Donaldson have?
Donaldson had total debt of $1.4 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.78 and $1.1 billion of net debt (1.56 times EBITDA).
What is Donaldson's dividend yield?
Donaldson's forward dividend yield is 1.41%. Donaldson paid $141.2 million in dividends in fiscal 2026 ($1.20 per share), a payout ratio of 31.1%.
Does Donaldson buy back its shares?
Yes. Donaldson spent $111.2 million on net share repurchases in fiscal 2026 Shares outstanding changed −2.1% over the year, to 117.9M..
What is Donaldson's free cash flow yield?
Donaldson generated $426.3 million of free cash flow in fiscal 2026, a free cash flow yield of 3.8% on its market value at year-end ($11.1 billion).
What is Donaldson's current ratio?
Donaldson's current ratio was 2.08 at the end of fiscal 2026: current assets were 2.08 times current liabilities.