DCI
Donaldson Company, Inc.
DCI's fundamentals are strong: earnings per share grew 26% and free cash flow grew 25%. At 23x earnings, it's trading right at its usual valuation.
DCI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
DCI's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
DCI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $79.58 | -8.5% |
| Fair | 23x | $88.63 | +1.9% |
| Current | 23x | $86.99 | — |
| Expensive | 28x | $107 | +23% |
Historical ranges are pointers, not guarantees.
DCI's PE is in its fair range at 23x.
DCI Forward outlook
There aren't enough analyst estimates for DCI to show an outlook.
DCI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $3.85 | +26% |
| Q2 2026 | $3.72 | +25% |
| Q1 2026 | $3.20 | -6.4% |
| Q4 2025 | $3.21 | -6.7% |
| Q3 2025 | $3.05 | -9.8% |
| Q2 2025 | $2.98 | -7.5% |
| Q1 2025 | $3.42 | +12% |
| Q4 2024 | $3.44 | +17% |
DCI earned $3.85 per share over the past year, up 26% from the year before.
DCI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +8% |
| Q2 2026 | $995.1M | +5.9% |
| Q1 2026 | $896.3M | +3% |
| Q4 2025 | $935.4M | +3.9% |
| Q3 2025 | $980.7M | +4.8% |
| Q2 2025 | $940.1M | +1.3% |
| Q1 2025 | $870M | -0.8% |
| Q4 2024 | $900.1M | +6.4% |
DCI's revenue has grown year over year for six quarters in a row: $1.1B last quarter, up 8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +1.2 points |
| Q2 2026 | 16% | +6.3 points |
| Q1 2026 | 13% | -1.2 points |
| Q4 2025 | 16% | +1.4 points |
| Q3 2025 | 15% | -0.2 points |
| Q2 2025 | 9.3% | -6.2 points |
| Q1 2025 | 14% | -0.4 points |
| Q4 2024 | 15% | -0.2 points |
DCI's operating margin was 17% last quarter, up 1.2 points from the same quarter a year ago, near the top of its range since 2019.
DCI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $185M | +25% |
| Q2 2026 | $112.1M | +54% |
| Q1 2026 | $18M | -75% |
| Q4 2025 | $111.2M | +132% |
| Q3 2025 | $147.5M | +39% |
| Q2 2025 | $73M | -39% |
| Q1 2025 | $71.5M | +8.8% |
| Q4 2024 | $47.9M | -58% |
DCI's free cash flow has been positive every quarter for seven years: $426M over the past year, up 25% from the year before.
DCI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -200K shares |
| 1 year | -2.1% | -2.5M shares |
| 3 years | -4.6% | -5.7M shares |
| 5 years | -8% | -10.3M shares |
| Available history | -8.3% | -10.7M shares |
DCI has 118M diluted shares, down 2.1% from a year ago, with $111M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $19.7M |
| Q4 2025 | $91.5M |
| Q3 2025 | $59.3M |
| Q2 2025 | $190.6M |
| Q1 2025 | $7.2M |
| Q4 2024 | $74.4M |
DCI spent $111M buying back its own shares over the past year, down 66% from the year before.
DCI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.5x | Healthy |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.7x | Very low |
DCI's net debt is about 1.5 years of its operating earnings (EBITDA), up from less than a year a year ago.
DCI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.6 | Neutral |
| Stochastic | 13.8 | Oversold |
DCI's weekly RSI is 48 (neutral) and its Stochastic is 14 (oversold).
DCI PE vs Industrials Sector
| Metric | DCI | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 24x | 6% below |
| PE % | 43 | 58 | 15 pts below |
DCI is trading at 23x earnings, in line with the Industrials sector's median of 24x.
DCI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $86.3 | 0.9% above |
| 20 week MA | $89.6 | 2.9% below |
| 50 week MA | $90.5 | 3.9% below |
| 100 week MA | $81.8 | 6.4% above |
| 200 week MA | $74.5 | 17% above |
DCI's trend is mixed: it's above three of its five weekly moving averages, and 17% above its 200-week average.
DCI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $58.0 | $56.6 | -2.5% |
| 2021 | $56.6 | $57.6 | +1.9% |
| 2022 | $57.6 | $59.7 | +3.6% |
| 2023 | $59.7 | $65.4 | +9.5% |
| 2024 | $65.4 | $68.0 | +4.1% |
| 2025 | $68.0 | $91.3 | +34% |
| 2026 YTD | $91.3 | $87.0 | -4.7% |
DCI has finished higher in five of the last six years. It's down 4.7% so far in 2026.