Nordson (NDSN) Q4 FY2025 earnings: revenue $752 million, up 1.0% on the year

Nordson Corp. (NDSN) reported revenue of $752 million for Q4 FY2025, the quarter ended 31 October 2025, up 1.0% on the same quarter a year earlier. Net income was $152 million, up 24.1% on the year, and diluted earnings per share $2.69. The figures are the company's own, from the 10-K it filed with the SEC on 17 December 2025.

Revenue

$752 million

+1.0% on the year · +1.4% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

28.5%

24.0% a year earlier

Q1 FY2024Q4 FY2025

Net income

$152 million

+24.1% on the year · +20.6% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$2.69

+26.9% on the year · +21.2% on the quarter

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 new.

Fourth-quarter sales rose 1%: Sales were $752 million, up 1% from $744 million. Organic sales decreased 1% in the quarter.
Quarterly adjusted EPS up 9%: GAAP diluted EPS was $2.69 against $2.12 a year earlier. Adjusted EPS was $3.03 against $2.78.
Record full-year sales: Full-year sales reached $2.8 billion, up 4%. Acquisitions added 6% and organic volume declined 3%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	752	742	744	+1.4%	+1.0%
Cost of revenue	328	335	342	-2.0%	-3.9%
Gross profit	423	407	403	+4.2%	+5.1%
Gross margin	56.3%	54.8%	54.1%
Selling, general and administrative	209	207	224	+1.1%	-6.7%
Operating income	214	188	179	+14.1%	+19.8%
Operating margin	28.5%	25.3%	24.0%
Interest expense	24.8	26.3	28.6	-5.7%	-13.3%
Pre-tax income	183	159	148	+14.9%	+23.5%
Income tax	31.3	33.3	25.9	-6.2%	+20.7%
Effective tax rate	17.1%	21.0%	17.5%
Net income	152	126	122	+20.6%	+24.1%
Net margin	20.2%	17.0%	16.4%
Diluted EPS	$2.69	$2.22	$2.12	+21.2%	+26.9%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	203	238	96.4	-14.7%	+110.5%
Capital expenditure	9.1	11.6	20.6	-21.7%	-56.1%
Free cash flow	194	226	75.8	-14.4%	+155.9%
Free cash flow margin	25.8%	30.5%	10.2%
Cash from investing	18.0	-17.6	-810
Cash from financing	-262	-204	665
Depreciation and amortisation	n/a	37.8	36.5
Share-based compensation	5.7	3.8	4.4	+48.5%	+29.1%
Buybacks	88.2	71.9	-0.8	+22.6%
Dividends paid	46.1	44.1	44.6	+4.5%	+3.2%
Dividend per share	n/a	$0.78	n/a
Diluted shares, weighted	56m	57m	58m	-0.5%	-2.1%
Shares outstanding at period end	56m	56m	57m	-0.5%	-2.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	3,044	2,982	2,932	+2.1%	+3.8%
Debt	1,996	2,107	2,187	-5.3%	-8.7%
Operating lease liabilities	64.5	67.7	80.8	-4.8%	-20.3%
Finance lease liabilities	8.4	8.2	12.1	+1.6%	-30.8%
Other liabilities	805	845	789	-4.7%	+2.0%
Total liabilities and equity	5,918	6,010	6,001	-1.5%	-1.4%
Fixed assets	517	n/a	545		-5.1%
Goodwill	3,305	3,306	3,281	-0.1%	+0.7%
Intangible assets	682	698	741	-2.4%	-8.0%
Cash and equivalents	108	148	116	-26.6%	-6.5%
Receivables	588	589	595	-0.2%	-1.1%
Inventory	445	459	477	-3.1%	-6.7%
Other assets	273	809	247	-66.2%	+10.6%
Total assets	5,918	6,010	6,001	-1.5%	-1.4%

Questions

What was Nordson's revenue in Q4 FY2025?

Nordson (NDSN) reported revenue of $752 million for Q4 FY2025, the quarter ended 31 October 2025, up 1.0% on the same quarter a year earlier.

How much did Nordson earn in Q4 FY2025?

Net income for Q4 FY2025 was $152 million, up 24.1% on the year, and diluted earnings per share $2.69.

When did Nordson report Q4 FY2025 results?

Nordson filed its 10-K for the year that ended with the quarter on 17 December 2025; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	599	609	635	662	684	610	650	649	719	633	651	662	744	615	683	742	752	669	741	818
Cost of revenue	268	269	278	297	320	282	298	288	335	285	285	293	342	280	309	335	328	303	337	364
Gross profit	331	340	358	366	363	329	352	360	384	348	366	369	403	336	374	407	423	366	404	454
Gross margin	55%	56%	56%	55%	53%	54%	54%	56%	53%	55%	56%	56%	54%	55%	55%	55%	56%	55%	55%	55%
SG&A	180	184	174	181	186	185	180	189	199	189	197	202	224	195	205	207	209	200	207	231
Operating income	151	156	184	185	178	144	173	171	185	159	169	167	179	141	169	188	214	166	197	223
Operating margin	25%	26%	29%	28%	26%	24%	27%	26%	26%	25%	26%	25%	24%	23%	25%	25%	28%	25%	27%	27%
Interest expense	5.3	5.7	5.4	5.7	5.7	10.5	9.9	12.1	27.0	21.4	20.1	18.8	28.6	26.6	26.6	26.3	24.8	23.1	21.9	20.8
Pre-tax income	140	152	139	181	178	131	162	162	161	139	149	149	148	117	139	159	183	165	141	186
Tax rate	21%	21%	21%	21%	20%	20%	21%	21%	20%	21%	21%	21%	17%	19%	19%	21%	17%	19%	17%	18%
Net income	110	120	110	142	141	104	128	128	128	110	118	117	122	94.7	112	126	152	133	117	153
Net margin	18%	20%	17%	21%	21%	17%	20%	20%	18%	17%	18%	18%	16%	15%	16%	17%	20%	20%	16%	19%
Diluted EPS	$1.88	$2.05	$1.88	$2.45	$2.44	$1.81	$2.21	$2.22	$2.22	$1.90	$2.05	$2.04	$2.12	$1.65	$1.97	$2.22	$2.69	$2.38	$2.09	$2.73
Operating cash flow	170	118	96.4	125	173	123	165	190	163	172	123	165	96.4	159	119	238	203	140	181	249
Capital expenditure	10.2	12.5	12.3	14.6	12.1	9.3	6.0	8.9	10.3	7.5	14.4	21.9	20.6	21.4	16.0	11.6	9.1	17.5	10.2	12.6
Free cash flow	160	106	84.1	111	161	114	159	181	153	165	108	143	75.8	138	103	226	194	123	170	237
Buybacks	14.1	35.0	105	93.3	29.1	6.9	47.5	23.8	11.5	7.4	0.6	26.2	-0.8	60.1	86.2	71.9	88.2	86.0	43.3	29.5
Dividends paid	29.7	29.7	29.6	29.4	37.2	37.2	37.3	37.1	38.8	38.9	38.9	39.0	44.6	44.6	44.3	44.1	46.1	45.8	45.9	45.7
Shares outstanding	58m	58m	58m	57m	57m	57m	57m	57m	57m	57m	57m	57m	57m	57m	57m	56m	56m	56m	56m	56m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 October 2025, filed 17 December 2025: the filing.