Industrials · Industrial Machinery & Supplies & Components · US stock · price as of 16 Oct 2026
Key indicators
Price
$322.31
52-week range
$220.54 – $338.18
Market cap
$18.1B
P/E (trailing)
32.7×
EV / EBITDA
22.4×
Free-cash-flow yield
4.0%
Dividend yield
1.1%
Revenue (last 12 months)
$3.0B
Revenue growth (3y a year)
2.5%
Operating margin
26.9%
Return on invested capital
13.5%
Net debt / EBITDA
1.8×
Fair value
Blended fair value$260.09 range $248 – $272
Versus priceFair−19% to fair value
Peer multiples
$282.59
Fundamentals-adjusted multiple
$257.10
10-year DCF (market-scaled)
$240.56
Earnings power value (floor, not blended)
$100.11
Model uncertainty
Medium
X-Ray Score
52/ 100 · High confidence · ahead of 57% of sector peers
Valuation39
Growth40
Profitability66
Financial health59
Dividends62
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Nordson makes precision equipment that dispenses, applies and controls adhesives, coatings, plastics and other materials. Its systems are used in packaging, electronics, medical device and general manufacturing. Revenue comes from selling the equipment and, to a large degree, from recurring sales of parts, consumables and services that customers need to keep their production lines running smoothly.
Over the last twelve months, $3.0 billion in revenue was reported. Revenue growth over three years averaged 2.5% a year. Operating margin is 26.9% and return on invested capital is 13%. Net debt to EBITDA is 1.8 times. It pays a dividend with a yield of 1.1%. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
StocksXray gives Nordson Corp an X-Ray Score of 52 out of 100 (high confidence), ahead of 57% of the S&P 500 stocks in its sector. Its strongest lens is profitability (66) and its weakest is valuation (39).
Our fair value blend is $260.09 (range $247.80 to $272.06). At $322.31 the stock trades 24% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Nordson Corp (NDSN)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$239.70
$214.17
$204.67
$241.24
$229.10
$322.31
Market cap
$14.1B
$12.5B
$11.8B
$13.9B
$13.0B
$18.1B
P/E
31.0×
24.3×
24.2×
29.7×
26.9×
32.7×
EV / revenue
6.2×
5.0×
5.1×
5.9×
5.3×
6.6×
EV / EBITDA
20.3×
16.3×
18.3×
21.3×
18.9×
22.4×
Price / free cash flow
27.7×
27.0×
19.4×
28.3×
19.7×
24.9×
Free-cash-flow yield
3.6%
3.7%
5.1%
3.5%
5.1%
4.0%
Price / book
6.5×
5.4×
4.5×
4.7×
4.3×
5.5×
Dividend yield
0.71%
1.02%
1.28%
1.17%
1.38%
1.05%
Fundamentals checklist ● 5 Good · ● 8 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−3.7%Average
Free-cash-flow yield4.0%Average
Risk models
Altman Z score5.5×Good
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)−1.1%Bad
Free-cash-flow growth (3y)12.7%Average
Revenue growth (3y)2.5%Average
Growth consistency90%Average
Balance sheet
Current ratio1.8×Good
Net debt / EBITDA1.8×Average
Interest cover8.8×Bad
Valuation
Fair value vs price0.8×Bad
EBIT / EV yield4.1%Average
Profitability
Return on invested capital13.5%Average
Operating margin26.9%Good
Gross profitability27.7%Good
XStocksXray
Nordson Corp (NDSN)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
2,362
2,590
2,629
2,690
2,792
2,980
Gross profit
1,324
1,427
1,425
1,486
1,540
1,647
Operating income
615
702
673
674
712
801
Net income
454
513
487
467
484
555
Diluted EPS ($)
7.74
8.81
8.46
8.11
8.51
9.86
Free cash flow
508
462
607
492
661
724
Gross margin
56.1%
55.1%
54.2%
55.2%
55.2%
55.3%
Operating margin
26.0%
27.1%
25.6%
25.1%
25.5%
26.9%
Net margin
19.2%
19.8%
18.5%
17.4%
17.4%
18.6%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
3,791
3,820
5,252
6,001
5,918
5,948
Cash
300
163
116
116
108
113
Total debt
816
738
1,737
2,205
1,996
1,731
Equity
2,159
2,294
2,598
2,932
3,044
3,269
Dividend per share ($)
1.69
2.18
2.63
2.82
3.16
–
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Apr 2025
Jul 2025
Oct 2025
Jan 2026
Apr 2026
Jul 2026
Revenue ($M)
683
742
752
669
741
818
Growth vs a year earlier
+5.0%
+12.1%
+1.0%
+8.8%
+8.5%
+10.3%
Net income ($M)
112
126
152
133
117
153
Diluted EPS ($)
1.97
2.22
–
2.38
2.09
2.73
XStocksXray
Nordson Corp (NDSN)
Peers in Industrial Machinery & Supplies & Components
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.