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Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, medical components, and other fluids. The Industrial Precision Solutions segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems; components and systems for thermoplastic and biopolymer melt stream; fluid components, such as nozzles, pumps, and filters; smart components that measure and control the flow, quantity and location of dispensed fluid; control systems; and product assembly solutions. It also offers automated and manual dispensing products and systems for cold materials, container coating, liquid finishing, and powder coating, as well as ultraviolet equipment. The Medical and Fluid Solutions segment offers precision manual and semi-automated dispensers, plastic molded syringes, cartridges, tips, and fluid connection components; interventional solutions for engineered shafts and interventional delivery systems, medical tubing, balloons, balloon inflators, nitinol devices, cardiovascular cannula, and biomaterial delivery; medical fluid components; and microplegia myocardial protection devices and related consumables. The Advanced Technology Solutions segment provides automated dispensing systems for high-speed, precise application of various attachment, protection, and coating fluids, and related gas plasma treatment systems; destructive and non-destructive testing technologies, such as bond testers and automated optical, acoustic microscopy, and x-ray inspection systems used in the semiconductor and printed circuit board industries; and precision measurement and control technologies. The company markets its products through direct sales force, distributors, and sales representatives. Nordson Corporation was founded in 1909 and is headquartered in Westlake, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.8B | $852M | $484M | $661M | 15.9% | 3.8% | 3.7% |
| 2024 | $2.7B | $811M | $467M | $492M | 15.9% | 2.3% | -4.1% |
| 2023 | $2.6B | $787M | $487M | $607M | 18.8% | 1.5% | -5.0% |
| 2022 | $2.6B | $772M | $513M | $462M | 22.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,590.28 | 2,628.63 | 2,689.92 | 2,791.69 |
| Operating Revenue | - | 2,590.28 | 2,628.63 | 2,689.92 | 2,791.69 |
| Cost Of Revenue | - | 1,163.74 | 1,203.23 | 1,203.79 | 1,251.90 |
| Gross Profit | - | 1,426.54 | 1,425.40 | 1,486.13 | 1,539.78 |
| Operating Expense | - | 724.18 | 752.64 | 812.13 | 815.51 |
| Selling General And Administration | - | 724.18 | 752.64 | 812.13 | 815.51 |
| Total Expenses | - | 1,887.92 | 1,955.87 | 2,015.92 | 2,067.42 |
| Operating Income | - | 702.36 | 672.76 | 674 | 724.27 |
| Total Operating Income As Reported | - | 702.36 | 672.76 | 674 | 711.72 |
| EBITDA | - | 771.62 | 786.74 | 810.58 | 852.33 |
| Normalized EBITDA | - | 771.62 | 786.74 | 810.58 | 864.87 |
| EBIT | - | 671.69 | 674.84 | 674.40 | 701.80 |
| Interest Income | - | 2.03 | 2.68 | 4.91 | 3.05 |
| Interest Expense | - | 22.41 | 59.50 | 88.92 | 104.16 |
| Net Interest Income | - | -20.39 | -56.82 | -84.01 | -101.10 |
| Other Non Operating Income Expenses | - | -32.69 | -0.60 | -4.51 | -12.97 |
| Other Income Expense | - | -32.69 | -0.60 | -4.51 | -25.52 |
| Interest Income Non Operating | - | 2.03 | 2.68 | 4.91 | 3.05 |
| Interest Expense Non Operating | - | 22.41 | 59.50 | 88.92 | 104.16 |
| Net Non Operating Interest Income Expense | - | -20.39 | -56.82 | -84.01 | -101.10 |
| Pretax Income | - | 649.28 | 615.34 | 585.48 | 597.65 |
| Tax Provision | - | 136.18 | 127.85 | 118.20 | 113.17 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | -2.38 |
| Net Income Continuous Operations | - | 513.10 | 487.49 | 467.28 | 484.47 |
| Net Income From Continuing And Discontinued Operation | - | 513.10 | 487.49 | 467.28 | 484.47 |
| Net Income From Continuing Operation Net Minority Interest | - | 513.10 | 487.49 | 467.28 | 484.47 |
| Net Income | - | 513.10 | 487.49 | 467.28 | 484.47 |
| Net Income Common Stockholders | - | 513.10 | 487.49 | 467.28 | 484.47 |
| Net Income Including Noncontrolling Interests | - | 513.10 | 487.49 | 467.28 | 484.47 |
| Normalized Income | - | 513.10 | 487.49 | 467.28 | 494.64 |
| Diluted NI Availto Com Stockholders | - | 513.10 | 487.49 | 467.28 | 484.47 |
| Basic Average Shares | - | 57.63 | 57.09 | 57.18 | 56.61 |
| Diluted Average Shares | - | 58.25 | 57.63 | 57.62 | 56.92 |
| Reconciled Depreciation | - | 99.92 | 111.90 | 136.18 | 150.52 |
| Reconciled Cost Of Revenue | - | 1,163.74 | 1,203.23 | 1,203.79 | 1,251.90 |
| Total Unusual Items | - | 0 | 0 | 0 | -12.54 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | 0 | -12.54 |
| Special Income Charges | - | 0 | 0 | 0 | -12.54 |
| Gain On Sale Of Business | - | - | 0 | 0 | -12.54 |
| Write Off | 0 | 0 | - | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Nordson Corporationthis co. | NDSN | $16.0B | 32.95↑ premium | 5.24 | 15.9% | 21.06 |
| Global Payments Inc. | GPN | $18.5B | 13.25 | 0.81 | 6.1% | 9.65 |
| Lennox International Inc. | LII | $18.0B | 22.37 | 15.50 | 69.3% | 17.10 |
| Generac Holdings Inc. | GNRC | $16.4B | 102.62 | 6.22 | 6.1% | 37.73 |
| IDEX Corporation | IEX | $16.0B |
| - |
| - |
| - |
| - |
| - |
| 33.13 |
| 3.97 |
| 12.0% |
| 19.12 |
| Textron Inc. | TXT | $15.8B | 17.20 | 2.01 | 11.7% | 10.63 |
| Jacobs Solutions Inc. | J | $14.6B | 50.43 | 4.01 | 7.9% | 17.33 |
| Masco Corporation | MAS | $14.1B | 17.41 | -75.82 | -435.5% | 12.05 |
| Stanley Black & Decker, Inc. | SWK | $12.3B | 30.68 | 1.36 | 4.4% | 12.47 |
| Peer Median | - | 26.53 | 2.99 | 7.0% | 14.79 | |