A Business at a Glance
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NORDSON CORP
NDSN
$16.8B
Mkt Cap
$295.77
+1.26%
NORDSON CORP (NDSN) has a current P/E ratio of 32.0, compared to its historical median P/E of 24.9. The stock is currently considered Expensive based on its historical valuation range.
NORDSON CORP (NDSN) has a 5-year average return on invested capital (ROIC) of 15.6%. This indicates strong capital allocation and a potential competitive advantage.
NORDSON CORP (NDSN) has a market capitalization of $16.6B. It is classified as a large-cap stock.
Yes, NORDSON CORP (NDSN) pays a dividend with a trailing twelve-month yield of 1.10%. The company also returns capital through share buybacks, with a buyback yield of 1.74%.
Based on historical P/E analysis, NORDSON CORP (NDSN) appears expensive. The current P/E of 32.0 is 28% above its historical median of 24.9. The estimated fair value CAGR (P/E method) is 8.5%.
NORDSON CORP (NDSN) operates in the General Industrial Machinery & Equipment, Nec industry, within the Industrials sector.
NORDSON CORP (NDSN) reported annual revenue of $2.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Nordson is a precision technology company that engineers, manufactures, and markets differentiated products and systems for dispensing, applying, and controlling adhesives, coatings, polymers, sealants, biomaterials, and other fluids, as well as testing, inspecting, and treating surfaces across diverse end markets. The company operates through three segments: Industrial Precision Solutions, which serves packaging, nonwovens, polymer processing, precision agriculture, and product assembly markets; Medical and Fluid Solutions, which provides engineered fluid solutions, interventional medical devices, medical fluid components, and surgical solutions; and Advanced Technology Solutions, which integrates surface treatment, precision dispensing, and test-and-inspection technologies primarily for semiconductor and electronics manufacturing. Nordson's business model combines direct global sales and service with a scalable growth framework (NBS Next) that emphasizes data-driven segmentation and organic innovation alongside strategic acquisitions; the company generates recurring revenue from consumables and single-use components alongside systems sales, creating a diversified unit-economics profile. With approximately 8,000 employees and manufacturing operations across more than 10 countries, Nordson serves a broad customer base with no single customer exceeding 10% of sales, and approximately 67% of revenues generated outside the United States, providing geographic diversification and exposure to global industrial and medical end markets.
【Strong momentum across segments】 Management commentary reflects accelerating demand momentum across all three business segments, with backlog up 18% organically year-over-year and broad-based order entry strength particularly evident in Advanced Technology Solutions driven by semiconductor and electronics investments. The company expects continued recovery in previously challenged end markets including polymer processing and automotive applications, with medical returning to normalized mid-single-digit organic growth rates as destocking normalizes and core demand drivers remain intact. Management maintains high confidence in the midpoint of full-year guidance with significant upside potential if current demand trends sustain, particularly in electronics end markets, though acknowledges appropriate prudence regarding potential macroeconomic headwinds. Capital deployment remains balanced and value-seeking, with strong free cash flow generation supporting strategic acquisitions, share repurchases, and dividend increases while maintaining leverage below the low end of long-term targets.
| Metric | Target | Period |
|---|---|---|
| Sales | $2.93 billion–$3.01 billion | FY2026 (full year) |
| Adjusted earnings per diluted share | $11.30–$11.80 | FY2026 (full year) |
| Third quarter adjusted earnings per diluted share | $2.95–$3.15 | Q3 FY2026 |
Sales (FY2026 (full year)): “Sales are now expected to be in the range of $2.93 billion-$3.01 billion”
Adjusted earnings per diluted share (FY2026 (full year)): “adjusted earnings to be in the range of $11.30-$11.80 per diluted share”
Third quarter adjusted earnings per diluted share (Q3 FY2026): “Third quarter adjusted earnings are forecasted to be in the range of $2.95-$3.15 per diluted share”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.8B | 2.7B | 2.6B | 2.6B | 2.4B |
| Net Income | 528M | 484M | 467M | 487M | 513M | 454M |
| EPS | $9.38 | $8.51 | $8.11 | $8.46 | $8.81 | $7.74 |
| Free Cash Flow | 714M | 661M | 492M | 607M | 462M | 508M |
| ROIC | 12.5% | 11.7% | 11.8% | 15.9% | 20.1% | 18.4% |
| Gross Margin | - | 55.2% | 55.2% | 54.2% | 55.1% | 56.1% |
| Debt/Equity | 0.59 | 0.66 | 0.75 | 0.67 | 0.32 | 0.38 |
| Dividends/Share | $3.24 | $3.16 | $2.82 | $2.63 | $2.18 | $1.69 |
| Operating Income | 766M | 712M | 674M | 673M | 702M | 615M |
| Operating Margin | 26.4% | 25.5% | 25.1% | 25.6% | 27.1% | 26.0% |
| ROE | 16.5% | 16.2% | 16.9% | 19.9% | 23.0% | 23.2% |
| Shares Outstanding | 56M | 57M | 58M | 58M | 58M | 59M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.7B | 1.7B | 1.8B | 2.1B | 2.3B | 2.2B | 2.1B | 2.4B | 2.6B | 2.6B | 2.7B | 2.8B | 2.9B |
| Gross Margin | 55.5% | 54.1% | 54.9% | 55.1% | 54.8% | 54.3% | 53.3% | 56.1% | 55.1% | 54.2% | 55.2% | 55.2% | N/A |
| R&D | 48M | 47M | 46M | 52M | 59M | 60M | 64M | 59M | 53M | 71M | 65M | 68M | 68M |
| SG&A | 575M | 585M | 605M | 673M | 734M | 709M | 694M | 709M | 724M | 753M | 812M | 816M | 822M |
| EBIT | 367M | 318M | 388M | 466M | 503M | 483M | 350M | 615M | 702M | 673M | 674M | 712M | 766M |
| Op. Margin | 21.5% | 18.8% | 21.5% | 22.6% | 22.3% | 22.0% | 16.5% | 26.0% | 27.1% | 25.6% | 25.1% | 25.5% | 26.4% |
| Net Income | 247M | 211M | 272M | 296M | 377M | 337M | 250M | 454M | 513M | 487M | 467M | 484M | 528M |
| Net Margin | 14.5% | 12.5% | 15.0% | 14.3% | 16.7% | 15.4% | 11.8% | 19.2% | 19.8% | 18.5% | 17.4% | 17.4% | 18.2% |
| Non-Recurring | 2.3M | 11M | 4.4M | -149K | -830K | -953K | -484K | -589K | 581K | 4.4M | 16M | 23M | 23M |
| Returns on Capital | |||||||||||||
| ROIC | 14.0% | 10.9% | 13.7% | 13.5% | 16.0% | 14.1% | 11.2% | 18.4% | 20.1% | 15.9% | 11.8% | 11.7% | 12.5% |
| ROE | 27.5% | 27.0% | 36.0% | 29.5% | 29.0% | 22.2% | 14.9% | 23.2% | 23.0% | 19.9% | 16.9% | 16.2% | 16.5% |
| ROA | 11.4% | 9.1% | 11.4% | 10.1% | 11.0% | 9.7% | 6.9% | 12.2% | 13.5% | 10.7% | 8.3% | 8.1% | 8.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 288M | 262M | 335M | 357M | 505M | 383M | 502M | 546M | 513M | 641M | 556M | 719M | 762M |
| Free Cash Flow | 245M | 200M | 274M | 285M | 415M | 319M | 452M | 508M | 462M | 607M | 492M | 661M | 714M |
| Owner Earnings | 211M | 181M | 246M | 246M | 375M | 255M | 376M | 419M | 382M | 559M | 460M | 621M | 664M |
| CapEx | 44M | 62M | 61M | 72M | 90M | 64M | 51M | 38M | 51M | 35M | 64M | 58M | 48M |
| Maint. CapEx | 60M | 65M | 70M | 91M | 108M | 110M | 113M | 104M | 100M | 60M | 77M | 79M | 78M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 60M | 65M | 70M | 91M | 108M | 110M | 113M | 104M | 100M | 60M | 77M | 79M | 78M |
| CapEx/OCF | 15.1% | 23.7% | 18.2% | 20.1% | 17.8% | 16.8% | 10.1% | 7.0% | 10.0% | 5.4% | 11.6% | 8.1% | 6.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 48M | 55M | 56M | 64M | 72M | 82M | 88M | 98M | 126M | 150M | 161M | 179M | 182M |
| Dividend Yield | 1.1% | 1.3% | 1.4% | 1.0% | 1.0% | 1.1% | 0.9% | 0.8% | 1.0% | 1.2% | 1.1% | 1.5% | 1.1% |
| Share Buybacks | 166M | 384M | 33M | 3.2M | 24M | 121M | 53M | 61M | 263M | 90M | 33M | 306M | 289M |
| Buyback Yield | 3.9% | 9.9% | 0.6% | 0.0% | 0.4% | 1.4% | 0.5% | 0.4% | 2.1% | 0.8% | 0.2% | 2.3% | 1.7% |
| Stock-Based Comp | 17M | 15M | 18M | 20M | 22M | 18M | 13M | 23M | 31M | 23M | 19M | 19M | 21M |
| Debt Repayment | 108M | 289M | 393M | 237M | 855M | 254M | 320M | 299M | 97M | 1.2B | 319M | 250M | 250M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.0B | 1.5B | 1.2B | 1.7B | 1.3B | 1.1B | 898M | 516M | 574M | 1.6B | 2.1B | 1.9B | 1.8B |
| Cash & Equiv. | 42M | 50M | 67M | 90M | 96M | 151M | 208M | 300M | 163M | 116M | 116M | 108M | 102M |
| Long-Term Debt | 683M | 1.1B | 943M | 1.3B | 1.3B | 1.1B | 1.1B | 782M | 345M | 1.6B | 2.1B | 1.7B | 1.8B |
| Debt/Equity | 1.18 | 2.38 | 1.44 | 1.59 | 0.94 | 0.79 | 0.63 | 0.38 | 0.32 | 0.67 | 0.75 | 0.66 | 0.59 |
| Interest Coverage | 24.4 | 17.6 | 18.2 | 12.7 | 10.1 | 10.2 | 10.9 | 24.1 | 31.3 | 11.3 | 7.6 | 6.8 | 6.8 |
| Equity | 905M | 660M | 852M | 1.2B | 1.5B | 1.6B | 1.8B | 2.2B | 2.3B | 2.6B | 2.9B | 3.0B | 3.2B |
| Total Assets | 2.3B | 2.4B | 2.4B | 3.4B | 3.4B | 3.5B | 3.7B | 3.8B | 3.8B | 5.3B | 6.0B | 5.9B | 6.0B |
| Total Liabilities | 1.4B | 1.7B | 1.6B | 2.3B | 2.0B | 1.9B | 1.9B | 1.6B | 1.5B | 2.7B | 3.1B | 2.9B | 196M |
| Intangibles | 291M | 277M | 260M | 547M | 500M | 446M | 408M | 357M | 329M | 673M | 741M | 682M | 651M |
| Retained Earnings | 1.6B | 1.7B | 1.9B | 2.2B | 2.5B | 2.7B | 2.9B | 3.3B | 3.7B | 4.0B | 4.3B | 4.6B | 4.8B |
| Working Capital | 302M | 421M | 414M | 241M | 534M | 534M | 658M | 719M | 299M | 647M | 747M | 485M | 785M |
| Current Assets | 673M | 712M | 746M | 888M | 884M | 1.0B | 1.0B | 1.2B | 1.1B | 1.2B | 1.3B | 1.2B | 1.3B |
| Current Liabilities | 371M | 291M | 332M | 648M | 350M | 478M | 363M | 445M | 834M | 582M | 528M | 758M | 492M |
| Per Share Data | |||||||||||||
| EPS | 3.84 | 3.45 | 4.73 | 5.08 | 6.40 | 5.79 | 4.27 | 7.74 | 8.81 | 8.46 | 8.11 | 8.51 | 9.38 |
| Owner EPS | 3.28 | 2.97 | 4.28 | 4.22 | 6.35 | 4.37 | 6.44 | 7.14 | 6.57 | 9.70 | 7.99 | 10.91 | 11.83 |
| Book Value | 14.08 | 10.79 | 14.82 | 19.84 | 24.60 | 27.16 | 30.10 | 36.78 | 39.39 | 45.09 | 50.89 | 53.46 | 57.07 |
| Cash Flow/Share | 4.48 | 4.28 | 5.82 | 6.13 | 8.56 | 6.58 | 8.60 | 9.30 | 8.81 | 11.13 | 9.65 | 12.63 | 10.79 |
| Dividends/Share | 0.76 | 0.90 | 0.99 | 1.11 | 1.25 | 1.43 | 1.53 | 1.69 | 2.18 | 2.63 | 2.82 | 3.16 | 3.24 |
| Shares Out. | 64.3M | 61.2M | 57.5M | 58.2M | 59.0M | 58.2M | 58.4M | 58.7M | 58.2M | 57.6M | 57.6M | 56.9M | 56.1M |
| Valuation | |||||||||||||
| P/E Ratio | 17.4 | 18.4 | 19.0 | 22.8 | 16.8 | 25.2 | 42.3 | 30.9 | 24.6 | 24.4 | 30.3 | 27.6 | 31.5 |
| P/FCF | 17.5 | 19.5 | 18.8 | 23.6 | 15.2 | 26.7 | 23.3 | 27.6 | 27.4 | 19.6 | 28.8 | 20.2 | 23.3 |
| EV/EBIT | 13.5 | 15.6 | 15.6 | 17.6 | 15.0 | 19.8 | 32.2 | 23.2 | 19.1 | 20.1 | 24.1 | 21.7 | 24.0 |
| Price/Book | 4.7 | 5.9 | 6.1 | 5.8 | 4.4 | N/A | 6.0 | 6.5 | 5.5 | 4.6 | 4.8 | 4.4 | 5.2 |
| Price/Sales | 2.5 | 2.4 | 2.3 | 3.0 | 3.2 | 3.3 | 4.5 | 5.0 | 4.9 | 4.9 | 5.2 | 4.4 | 5.7 |
| FCF Yield | 5.7% | 5.1% | 5.3% | 4.2% | 6.6% | 3.8% | 4.3% | 3.6% | 3.7% | 5.1% | 3.5% | 5.0% | 4.3% |
| Market Cap | 4.3B | 3.9B | 5.2B | 6.7B | 6.3B | 8.5B | 10.5B | 14.0B | 12.6B | 11.9B | 14.2B | 13.4B | 16.6B |
| Avg. Price | 65.83 | 67.06 | 71.89 | 107.75 | 124.08 | 124.59 | 162.74 | 202.00 | 218.77 | 222.31 | 244.09 | 215.88 | 295.77 |
| Year-End Price | 66.73 | 63.55 | 89.79 | 115.61 | 107.27 | 145.92 | 180.42 | 238.83 | 217.04 | 206.05 | 245.84 | 234.50 | 295.77 |
NORDSON CORP passes 6 of 9 quality checks, suggesting mixed fundamentals.
NORDSON CORP trades at 32.0x trailing earnings, compared to its 15-year median P/E of 24.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 25.5x vs a median of 23.5x. The company's 5-year average ROIC is 15.6% with a gross margin of 55.2%. Total shareholder yield (dividends + buybacks) is 2.8%. At current prices, the estimated annualized return to fair value is +8.0%.
NORDSON CORP (NDSN) has a net profit margin of 17.4%. This is a healthy margin.
NORDSON CORP (NDSN) generated $661 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NORDSON CORP (NDSN) has a debt-to-equity ratio of 0.66. This indicates moderate leverage.
NORDSON CORP (NDSN) reported earnings per share (EPS) of $8.51 in its most recent fiscal year.
NORDSON CORP (NDSN) has a return on equity (ROE) of 16.2%. This indicates the company generates strong returns for shareholders.
NORDSON CORP (NDSN) has a 5-year average gross margin of 55.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for NORDSON CORP (NDSN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NORDSON CORP (NDSN) has a book value per share of $53.46, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management commentary reflects accelerating demand momentum across all three business segments, with backlog up 18% organically year-over-year and broad-based order entry strength particularly evident in Advanced Technology Solutions driven by semiconductor and electronics investments. The company expects continued recovery in previously challenged end markets including polymer processing and automotive applications, with medical returning to normalized mid-single-digit organic growth rates as destocking normalizes and core demand drivers remain intact. Management maintains high confidence in the midpoint of full-year guidance with significant upside potential if current demand trends sustain, particularly in electronics end markets, though acknowledges appropriate prudence regarding potential macroeconomic headwinds. Capital deployment remains balanced and value-seeking, with strong free cash flow generation supporting strategic acquisitions, share repurchases, and dividend increases while maintaining leverage below the low end of long-term targets.
Based on recent SEC filings and earnings calls, NORDSON CORP (NDSN) has provided the following forward guidance: Sales: $2.93 billion–$3.01 billion (FY2026 (full year)); Adjusted earnings per diluted share: $11.30–$11.80 (FY2026 (full year)); Third quarter adjusted earnings per diluted share: $2.95–$3.15 (Q3 FY2026).