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NDSN

Nordson Corporation

NDSN

Nordson Corporation • NASDAQ
$237.66 ▼ -0.14% (-0.34)
Market Cap $13.35 B
52w High $260.88
52w Low $165.03
Dividend Yield 2.38%
P/E 29.86
Volume 140.43K
Outstanding Shares 56.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $741.509M ▲ $218.75M ▲ $125.784M ▲ 16.963% ▲ $2.22 ▲ $223.228M ▲
Q2-2025 $682.938M ▲ $205.154M ▲ $112.404M ▲ 16.459% ▲ $1.98 ▲ $202.919M ▲
Q1-2025 $615.42M ▼ $194.949M ▼ $94.652M ▼ 15.38% ▼ $1.66 ▼ $180.445M ▼
Q4-2024 $744.482M ▲ $223.932M ▲ $122.168M ▲ 16.41% ▼ $2.12 ▲ $213.171M ▲
Q3-2024 $661.604M $201.943M $117.327M 17.734% $2.05 $201.619M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $147.788M ▲ $6.01B ▼ $3.028B ▼ $2.982B ▲
Q2-2025 $130.157M ▼ $6.062B ▲ $3.102B ▲ $2.96B ▲
Q1-2025 $130.424M ▲ $5.872B ▼ $2.995B ▼ $2.877B ▼
Q4-2024 $115.952M ▼ $6.001B ▲ $3.069B ▲ $2.932B ▲
Q3-2024 $165.324M $5.204B $2.351B $2.854B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $125.784M ▲ $237.972M ▲ $-17.63M ▼ $-203.717M ▼ $17.631M ▲ $226.409M ▲
Q2-2025 $112.404M ▲ $119.17M ▼ $-12.824M ▲ $-113.231M ▲ $-267K ▼ $103.13M ▼
Q1-2025 $94.652M ▼ $159.122M ▲ $-14.276M ▲ $-127.582M ▼ $14.472M ▲ $137.723M ▲
Q4-2024 $122.168M ▲ $96.381M ▼ $-809.508M ▼ $665.107M ▲ $-49.372M ▼ $75.757M ▼
Q3-2024 $117.327M $164.848M $-19.713M $-104.855M $39.878M $142.969M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Advanced Technology Systems
Advanced Technology Systems
 $120.00M ▲$150.00M ▲$120.00M ▼$160.00M ▲
Industrial Precision Solutions
Industrial Precision Solutions
 $370.00M ▲$390.00M ▲$300.00M ▼$320.00M ▲
Medical And Fluid Solutions
Medical And Fluid Solutions
 $170.00M ▲$200.00M ▲$190.00M ▼$200.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Nordson’s income statement shows a mature, steady business rather than a rapid-growth story. Sales have inched higher over the past few years, indicating consistent demand across its end markets. Profitability remains solid, with healthy gross and operating margins, but earnings have softened slightly from their recent peak. That suggests some margin pressure, likely from mix shifts, cost inflation, acquisition-related spending, or higher interest expense. Overall, the company still converts a good share of its sales into profit, but recent years hint at more of a “hold the line” earnings profile than strong margin expansion.

Balance Sheet

Balance Sheet The balance sheet reflects a business that has scaled up, largely through acquisitions. Total assets have grown meaningfully, and shareholders’ equity has also increased, which is a positive sign of retained value over time. At the same time, debt has risen significantly, while cash balances have stayed modest. This points to a more leveraged capital structure than a few years ago. The company appears comfortably equity-backed, but the higher borrowing levels introduce more sensitivity to interest rates and economic slowdowns, so balance-sheet risk is not negligible even though it still looks manageable for a firm with Nordson’s profitability.

Cash Flow

Cash Flow Cash generation is a key strength. Nordson has produced steady, positive operating cash flow year after year and has consistently turned most of that into free cash flow after a relatively light level of capital spending. This indicates a business model that does not require heavy reinvestment to sustain operations and growth. Free cash flow has generally tracked earnings well, which reinforces the quality of reported profits. There is a slight recent step down from a particularly strong year, but overall cash flow remains solid and supportive of dividends, debt service, and acquisitions.

Competitive Edge

Competitive Edge Nordson occupies a strong competitive position built around precision, reliability, and customer stickiness. Its equipment is often mission-critical in customers’ production lines, which makes switching to alternative suppliers risky and disruptive. A large portfolio of proprietary technologies and patents, coupled with decades of application know‑how, creates meaningful barriers to entry. The company also benefits from deep specialization in niche markets where it often holds leading share, allowing for pricing power and stable relationships. Its global direct sales and service network further strengthens its moat by embedding Nordson engineers and support staff directly into customers’ processes, making the partnership difficult to displace.

Innovation and R&D

Innovation and R&D Innovation is at the heart of Nordson’s strategy. The company has amassed a large patent portfolio and continues to invest in refining how materials are applied, measured, and controlled. Its R&D is tightly linked to specific high-value applications: electronics assembly, medical devices, polymer processing, industrial coatings, and now precision agriculture. Acquisitions like CyberOptics and ARAG bring in new technologies and end markets that can be scaled through Nordson’s global platform. Internally, the “Nordson Business System” aims to systematize continuous improvement and product development, suggesting a disciplined approach rather than one-off bets. Overall, the innovation engine looks diversified and aligned with long-term manufacturing and technology trends.

Summary

Taken together, Nordson looks like a high-quality, niche industrial company with durable strengths and some emerging trade-offs. On the positive side, it offers steady revenue growth, strong margins, robust and reliable cash flow, and a deep competitive moat rooted in precision technology, patents, and long-standing customer relationships. Its innovation pipeline is tied to attractive long-term themes such as advanced electronics, medical devices, electric vehicles, and precision agriculture. On the risk side, earnings momentum has flattened, leverage has increased as the company has grown through acquisitions, and higher debt levels raise sensitivity to economic and interest-rate conditions. The overall picture is of a well-run, innovation-driven industrial franchise that is leaning more on its balance sheet to pursue growth while working to maintain its historically strong profitability profile.

NEWS

October 21, 2025 · 8:00 AM UTC

Nordson Publishes Its 2025 Corporate Responsibility Update, Highlights Progress on Key Social and Environmental Initiatives

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September 2, 2025 · 11:12 AM UTC

Quasar Medical Strengthens Global CDMO Platform with Acquisition of Nordson Medical's Galway and Tecate Facilities

Read more