Nordson (NDSN) stock
Industrials · Industrial Machinery & Supplies & Components
Nordson (NDSN) is an Industrial Machinery & Supplies & Components company in the Industrials sector, headquartered in Westlake, Ohio. As of October 23, 2026, NDSN closed at $318.84, a market capitalization of $17.76 billion, the 424th largest company in the S&P 500. Over the last twelve months it generated $2.98 billion in revenue (+10% year over year) and $724.01 million in free cash flow. The stock trades at 32.3x trailing earnings and 24.6x forward earnings.
- 1-year total return: +36.8% (dividends reinvested)
- 5-year return: +5.9% a year
- 52-week range: $223.29 – $339.12
- Gross margin 55.4%, operating margin 27.4%
- Dividend yield: 1.18%, 39 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 68th largest of 83 Industrials stocks in the S&P 500
NDSN price chart
1Y price change: +35.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| NDSN | -0.8% | +33.8% | +36.8% | +15.9% | +5.9% | +13.4% | +13.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
NDSN key statistics
- Market cap
- $17.8B
- #424 in S&P 500
- P/E (TTM)
- 32.3x
- Forward P/E
- 24.6x
- EPS (TTM)
- $9.88
- Revenue (TTM)
- $3.0B
- +10%
- Free cash flow
- $724.0M
- Gross margin
- 55.4%
- Operating margin
- 27.4%
- Return on equity
- 17.8%
- Dividend yield
- 1.18%
- 52-week range
- $223.29 – $339.12
- Beta
- 0.99
- Price / sales
- 6.0x
- EV / EBITDA
- 20.3x
- Debt / equity
- 0.56x
- Employees
- 8,200
NDSN report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth10.3%B
- Gross margin55.4%B
- Operating margin27.4%B
- FCF margin24.3%B
- Return on equity17.8%B
- Net debt / EBITDA1.8xC
- Forward P/E24.6xC
- PEG ratio1.8xC
- Shareholder yield2.9%C
- Share count change / yr-0.5%B
Nordson financials
Revenue went from $1.8B in fiscal 2016 to $2.8B in fiscal 2025, growing 4.9% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.1B | $2.3B | $2.2B | $2.1B | $2.4B | $2.6B | $2.6B | $2.7B | $2.8B |
| Gross profit | $993.5M | $1.1B | $1.2B | $1.2B | $1.1B | $1.3B | $1.4B | $1.4B | $1.5B | $1.5B |
| Operating income | $388.4M | $466.4M | $502.6M | $483.1M | $349.5M | $615.1M | $702.4M | $672.8M | $674.0M | $711.7M |
| Net income | $271.8M | $295.8M | $377.4M | $337.1M | $249.5M | $454.4M | $513.1M | $487.5M | $467.3M | $484.5M |
| EPS (diluted) | $4.73 | $5.08 | $6.40 | $5.79 | $4.27 | $7.74 | $8.81 | $8.46 | $8.11 | $8.51 |
| Free cash flow | $273.8M | $285.2M | $414.8M | $318.6M | $451.9M | $507.6M | $461.7M | $606.7M | $491.8M | $661.1M |
| Buybacks | $33.4M | $3.2M | $24.0M | $120.5M | $52.6M | $61.0M | $262.9M | $89.7M | $33.3M | $306.4M |
| Dividends paid | $56.4M | $63.8M | $72.4M | $82.1M | $88.3M | $97.7M | $125.9M | $150.4M | $161.4M | $179.1M |
| Diluted shares | 57.5M | 58.2M | 58.9M | 58.2M | 58.5M | 58.7M | 58.2M | 57.6M | 57.6M | 56.9M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into NDSN?
A reverse DCF asks what growth the current price requires. With an enterprise value of $19.5B and $724.0M of trailing free cash flow, Nordson needs to grow free cash flow about 18.1% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 7.9% a year over the last five years.
P/E ratio history
Current 37.5x vs. median 24.8x (10th–90th percentile 16.8x–33.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
NDSN dividend
- Dividend yield
- 1.18%
- Annual dividend
- $3.76
- Years of increases
- 39
- 5-yr dividend growth
- 20.9%
- per year
- Payout ratio
- 33%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
NDSN analyst price targets
7 analysts' average 12-month target is $349.71 (+10% vs. $318.84). Targets range from $282.00 to $375.00. 57% rate it a buy.
NDSN earnings
Next report: December 9, 2026. Nordson has beaten EPS estimates 2 quarters in a row. Last quarter's revenue was $817.7M (+10% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 19, 2026 | $3.09 | $3.25 | +5.0% |
| May 20, 2026 | $2.82 | $2.86 | +1.5% |
| Feb 18, 2026 | $2.37 | $2.37 | -0.1% |
| Dec 10, 2025 | $2.93 | $3.03 | +3.4% |
| Aug 20, 2025 | $2.64 | $2.73 | +3.5% |
| May 28, 2025 | $2.36 | $2.42 | +2.6% |
| Feb 19, 2025 | $2.08 | $2.06 | -0.9% |
| Dec 11, 2024 | $2.59 | $2.78 | +7.3% |
Stocks like NDSN
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 PH Parker-Hannifin | -1.42% | +16% | $111.1B | 30.9x | Compare |
 ITW Illinois Tool Works | -1.25% | +10% | $78.5B | 25.0x | Compare |
 GWW W.W. Grainger | -0.75% | +41% | $63.6B | 34.4x | Compare |
 OTIS Otis Worldwide | -0.60% | -17% | $28.6B | 19.3x | Compare |
 IR Ingersoll Rand | -0.85% | -8% | $28.5B | 30.2x | Compare |
 DOV Dover | +1.90% | +11% | $26.8B | 23.2x | Compare |
 XYL Xylem | -0.48% | -25% | $25.4B | 25.9x | Compare |
 HUBB Hubbell | +0.52% | +5% | $23.7B | 26.5x | Compare |
NDSN news
- Nordson Corporation Completes Acquisition of Contrinex, Expanding Its Industrial Sensing and Automation Portfolio · Oct 23, 2026
- Here's Why You Should Consider Investing in Nordson Stock Now · Oct 8, 2026
- 3 Cash-Producing Stocks That Fall Short · Sep 29, 2026
- Reasons Why Investors Should Consider Investing in Nordson Stock · Sep 25, 2026
- 3 Industrial Stocks You’ve Never Heard of With 25+ Years of Dividend Increases · Sep 24, 2026
NDSN stock FAQ
What is NDSN's market cap?
Nordson's market capitalization is $17.76 billion as of October 23, 2026, ranking 424th in the S&P 500.
What is NDSN's P/E ratio?
NDSN trades at a trailing price-to-earnings ratio of 32.3x and a forward P/E of 24.6x. Its median P/E over the period we track is 24.8x.
Does NDSN pay a dividend?
Yes. Nordson pays $3.76 per share a year, a 1.18% yield. It has raised its dividend 39 years in a row. Dividends grew 20.9% a year over the last five years.
How much has NDSN stock returned?
Including reinvested dividends, NDSN returned +36.8% over one year, +5.9% a year over five years, +13.4% a year over ten years through October 23, 2026.
Is NDSN stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Nordson must grow free cash flow about 18% a year for the next decade. Its free cash flow grew 8% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the NDSN price target?
7 analysts cover NDSN with an average 12-month price target of $349.71, +10% from the current price. 57% of them rate it a buy.
When does NDSN report earnings?
Nordson is expected to report earnings on December 9, 2026. It has beaten EPS estimates 2 quarters in a row.
How many employees does Nordson have?
Nordson has about 8,200 full-time employees, or $363,390 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology