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Donaldson Company DCI Return on invested capital

Return on invested capital at other companies

Cummins logo
CumminsCMI
22.9%-4.3pp
Parker-Hannifin logo
Parker-HannifinPH
17.3%+1.2pp
Danaher logo
DanaherDHR
6%-0.1pp
Nordson logo
NordsonNDSN
12.2%+1.0pp
Dover logo
DoverDOV
15.9%+0.7pp
Applied Industrial Technologies logo
Applied Industrial TechnologiesAIT
19.8%0.0pp

Other financials

Income statement

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Revenue$995.1M+5.9%
Gross profit$333.4M+3.6%
Operating income$155.3M+77.7%
Net income$118.1M+104%
EPS (diluted)$1.00+108%

Balance sheet

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Cash & equivalents$204.1M+14.3%
Total debt$601.9M-16.7%
Total equity$1.7B+15.8%
Total assets$3.1B+3.0%

Cash flow

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Operating cash flow$135.4M+54.4%
CapEx$23.3M+42.9%
Free cash flow$112.1M+57.0%

Valuation

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Market cap$9.91B+29.8%
Enterprise value$10.31B+26.2%
P/E22.6×+1.5×
P/S2.6×+0.5×

Profitability

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Gross margin34.2%-1.0pp
Operating margin15.1%+1.7pp
Net margin11.5%+1.6pp
FCF margin10.3%+2.1pp

Returns & leverage

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Return on equity27.8%+3.2pp
Debt / equity0.4×-0.1×
Current ratio2.4×+0.4×

Where this comes from

Calculated from Donaldson Company’s reported figures.

Based on trailing twelve months.

The official record: Donaldson Company’s 10-Q, filed June 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Donaldson Company's return on invested capital?
Donaldson Company (DCI) reported return on invested capital of 21.6% in Q1 2026.
How has Donaldson Company's return on invested capital changed year-over-year?
Donaldson Company's return on invested capital increased by 11.6% year-over-year, from 19.4% to 21.6%.
What is the long-term trend for Donaldson Company's return on invested capital?
Over 5 years (2020 to 2025), Donaldson Company's return on invested capital has grown at a 0.9% compound annual growth rate (CAGR), from 18.5% to 19.3%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.