From StructContinue from the story into live company monitoringRead Struct ↗Feed / DCI

Donaldson Company, Inc.

DCI

Industrials · 88.20 -1.7% today

You’ve read what changed. Here’s whether the market is confirming it.

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Donaldson Company, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company-1.7% todayVolume comparison unavailable
Market group0 of 32 activeIndustrial Equipment · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • DCI's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if DCI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Specialty Industrial Machinery

No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • DCI's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements130
Verified relationships3
Evidence supporting the case
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Operating margin changed -1.7 percentage points in the latest annual period.
  • Net margin changed -1.6 percentage points in the latest annual period.
  • Product pipeline and R&D has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 5 filings.
  • Capital investment and capacity has repeated adverse evidence across 3 filings.
Questions before a position
  • P/E is 38% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 18% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

88.20
6m-0.3%12m+9.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-07-31$2.9B+10.5%$2.24-0.1%
2022-07-31$3.3B+15.9%$2.66-2.3%
2023-07-31$3.4B+3.8%$2.90-1.3%
2024-07-31$3.6B+4.5%$3.38-0.8%
2025-07-31$3.7B+2.9%$3.05-1.8%

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dnegative · 5 filings
Research and Development Expenses Research and development expenses for the nine months ended April 30, 2026 were $57.0 million, or 2.0% of net sales, compared with $65.3 million, or 2.4% of net sales, for the nine months ended April 30, 2025, a decrease of $…
10-Q · Jun 2, 2026
Restructuring and cost reductionsnegative · 5 filings
The lower effective tax rate was primarily due to the tax impact resulting from the loss on impairment of intangible assets in the nine months ended April 30, 2025.
10-Q · Jun 2, 2026
Demand and volumepositive · 4 filings
Net sales of IFS increased $5.3 million, driven by net pricing benefits and Power Generation new equipment sales, partially offset by volume declines in Industrial Gases and dust collection.
10-Q · Jun 2, 2026
Capital investment and capacitynegative · 3 filings
The fiscal 2025 impairment expense included $46.6 million related to Univercells Technologies, reflecting lower-than-anticipated bioprocessing capital spending, particularly for early-stage assets, while drug development timelines are longer than previously a…
10-Q · Jun 2, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 2.9× · EV/sales 3.0×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

88.20-1.7% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for DCI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for DCI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind DCI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

CATCaterpillar Inc.partnerSep 26, 2025

The Company and Caterpillar equally own the shares of AFSI and both companies guarantee certain debt and banking services, including credit and debit cards, merchant processing and treasury management services, of the joint venture.

Depended on by

SPXCSPX Technologies, Inc.investeeFeb 25, 2026

Changes in Estimated Value of an Equity Security - Filtran Group Equity, LLC (“Filtran”) ◦ During 2025, we recorded gains of $23.0 within “ Other income (expense), net ” related to increases in the estimated value of an equity security in Filtran that we hold.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

DCI is currently a Follower in the organic co-movement group Industrial Equipment. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.