Donaldson Company, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.89B | $3.69B | $3.59B | $3.43B | $3.31B | $2.85B | $2.58B | $2.84B |
| Cost of Revenue | $2.54B | $2.40B | $2.31B | $2.27B | $2.24B | $1.88B | $1.71B | $1.90B |
| Gross Profit | $1.35B | $1.29B | $1.27B | $1.16B | $1.07B | $971.7M | $871.6M | $948.3M |
| Gross Margin | 34.6% | 34.8% | 35.5% | 33.8% | 32.3% | 34.0% | 33.8% | 33.3% |
| Operating Expenses | ||||||||
| Research & Development | $76.1M | $87.8M | $93.6M | $78.1M | $69.1M | $67.8M | $61.2M | $62.3M |
| SG&A Expense | $679.2M | $642.2M | $636.7M | $602.3M | $554.8M | $519.2M | $470.3M | $497.8M |
| Operating Income | $599.9M | $495.4M | $544.1M | $480.2M | $443.5M | $384.7M | $340.1M | $388.2M |
| Operating Margin | 15.4% | 13.4% | 15.2% | 14.0% | 13.4% | 13.5% | 13.2% | 13.6% |
| Interest Expense | — | — | — | $19.2M | $14.9M | $13.0M | $17.4M | $19.9M |
| Pretax Income | $585.8M | $492.2M | $535.3M | $468.7M | $438.4M | $381.0M | $335.2M | $375.2M |
| Income Tax Expense | $132.0M | $125.2M | $121.3M | $109.9M | $105.6M | $94.1M | $78.2M | $108.0M |
| Net Income | $453.8M | $367.0M | $414.0M | $358.8M | $332.8M | $286.9M | $257.0M | $267.2M |
| Net Margin | 11.7% | 9.9% | 11.5% | 10.5% | 10.1% | 10.1% | 10.0% | 9.4% |
| EPS (Basic) | $3.92 | $3.09 | $3.43 | $2.95 | $2.69 | $2.27 | $2.03 | $2.08 |
| EPS (Diluted) | $3.85 | $3.05 | $3.38 | $2.90 | $2.66 | $2.24 | $2.00 | $2.05 |
| Shares Outstanding (Basic) | 115.8M | 118.7M | 120.7M | 121.8M | 123.7M | 126.4M | 126.9M | 128.3M |
| Shares Outstanding (Diluted) | 117.9M | 120.4M | 122.6M | 123.6M | 125.2M | 128.2M | 128.3M | 130.3M |
| Dividends Per Share | $1.24 | $1.14 | $1.04 | $0.96 | $0.90 | $0.86 | $0.84 | $0.80 |