# Nordson Corp (NDSN) — Stock CV

Nordson Corp is a $18.3B industrial company. Revenue grew 7.0% over the last year, it keeps 19¢ of every dollar of sales as profit, and its net debt equals ~2.2 years of free cash flow. It trades at 32.9× earnings — near the highest of its own history.

> Nordson manufactures equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets, including packaging, medical, electronics, and industrial.

## Identity

- **Ticker**: NDSN
- **Sector**: Industrials
- **Industry**: General Industrial Machinery & Equipment, Nec
- **Headquarters**: WESTLAKE, OH
- **Employees**: 8 200
- **Website**: https://www.nordson.com
- **Market cap**: $18.3B
- **Last price**: $328.17
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $2.98B
- **Net income**: $555M
- **Free cash flow**: $724M
- **Net debt**: $1.57B
- **P/E**: 32.9
- **Revenue growth (YoY)**: 7.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 36 |
| Growth | 57 |
| Profitability | 77 |
| Health | 48 |
| Quality | 84 |
| Moat | 90 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +7.0% YoY
- [x] Profitable — $555M TTM
- [ ] Profit growing — -1.2% YoY
- [x] Generates cash — $724M TTM
- [x] Debt under control — ~2.2y of cash flow to repay
- [x] Established company — $18.3B market cap
- [x] Not printing shares — -2.7% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 36/100
- [x] Pays a dividend — yield 1.00%
- [x] Valuation not extreme — P/E 32.9

## Experience (career milestones)

- **FY2022** — Best year on record: $513M net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.81B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- High gross margin (55.3%)
- Strong cash conversion — FCF is 24.3% of revenue
- Interest covered 6.9× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.36B | $454M | $508M |
| FY2022 | $2.59B | $513M | $462M |
| FY2023 | $2.63B | $487M | $607M |
| FY2024 | $2.69B | $467M | $492M |
| FY2025 | $2.79B | $484M | $661M |

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Source: https://stockcv.com/NDSN — derived from company filings; may be delayed or incomplete. Information, not investment advice.