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Side-by-side financial comparison of DONALDSON Co INC (DCI) and DELUXE CORP (DLX). Click either name above to swap in a different company.
DONALDSON Co INC is the larger business by last-quarter revenue ($935.4M vs $535.2M, roughly 1.7× DELUXE CORP). DONALDSON Co INC runs the higher net margin — 12.2% vs 2.2%, a 9.9% gap on every dollar of revenue. On growth, DONALDSON Co INC posted the faster year-over-year revenue change (3.9% vs 2.8%). Over the past eight quarters, DONALDSON Co INC's revenue compounded faster (3.3% CAGR vs 0.0%).
Donaldson Company, Inc. is a filtration company engaged in the production and marketing of filtration products used in a variety of industry sectors, including commercial/industrial, aerospace, chemical, alternative energy (windmills), food & beverage, and pharmaceuticals. Also the company's research division, located in Minneapolis, Minn., participated in defense-related projects for various military applications.
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
DCI vs DLX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $935.4M | $535.2M |
| Net Profit | $113.9M | $12.0M |
| Gross Margin | 35.2% | 52.2% |
| Operating Margin | 16.0% | 8.9% |
| Net Margin | 12.2% | 2.2% |
| Revenue YoY | 3.9% | 2.8% |
| Net Profit YoY | 15.1% | -5.0% |
| EPS (diluted) | $0.97 | $0.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $935.4M | $535.2M | ||
| Q3 25 | $980.7M | $540.2M | ||
| Q2 25 | $940.1M | $521.3M | ||
| Q1 25 | $870.0M | $536.5M | ||
| Q4 24 | $900.1M | $520.6M | ||
| Q3 24 | $935.4M | $528.4M | ||
| Q2 24 | $927.9M | $537.8M | ||
| Q1 24 | $876.7M | $535.0M |
| Q4 25 | $113.9M | $12.0M | ||
| Q3 25 | $114.3M | $33.7M | ||
| Q2 25 | $57.8M | $22.4M | ||
| Q1 25 | $95.9M | $14.0M | ||
| Q4 24 | $99.0M | $12.6M | ||
| Q3 24 | $109.7M | $8.9M | ||
| Q2 24 | $113.5M | $20.5M | ||
| Q1 24 | $98.7M | $10.8M |
| Q4 25 | 35.2% | 52.2% | ||
| Q3 25 | 34.5% | 53.9% | ||
| Q2 25 | 34.2% | 53.6% | ||
| Q1 25 | 35.2% | 52.4% | ||
| Q4 24 | 35.5% | 52.3% | ||
| Q3 24 | 35.8% | 53.3% | ||
| Q2 24 | 35.6% | 53.7% | ||
| Q1 24 | 35.2% | 53.0% |
| Q4 25 | 16.0% | 8.9% | ||
| Q3 25 | 15.5% | 14.0% | ||
| Q2 25 | 9.3% | 11.7% | ||
| Q1 25 | 14.4% | 9.0% | ||
| Q4 24 | 14.5% | 9.0% | ||
| Q3 24 | 15.6% | 7.9% | ||
| Q2 24 | 15.5% | 11.0% | ||
| Q1 24 | 14.8% | 8.3% |
| Q4 25 | 12.2% | 2.2% | ||
| Q3 25 | 11.7% | 6.2% | ||
| Q2 25 | 6.1% | 4.3% | ||
| Q1 25 | 11.0% | 2.6% | ||
| Q4 24 | 11.0% | 2.4% | ||
| Q3 24 | 11.7% | 1.7% | ||
| Q2 24 | 12.2% | 3.8% | ||
| Q1 24 | 11.3% | 2.0% |
| Q4 25 | $0.97 | $0.25 | ||
| Q3 25 | $0.97 | $0.74 | ||
| Q2 25 | $0.48 | $0.50 | ||
| Q1 25 | $0.79 | $0.31 | ||
| Q4 24 | $0.81 | $0.28 | ||
| Q3 24 | $0.90 | $0.20 | ||
| Q2 24 | $0.92 | $0.46 | ||
| Q1 24 | $0.81 | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $210.7M | $36.9M |
| Total DebtLower is stronger | $671.5M | — |
| Stockholders' EquityBook value | $1.5B | $680.7M |
| Total Assets | $3.0B | $2.9B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.7M | $36.9M | ||
| Q3 25 | $180.4M | $25.8M | ||
| Q2 25 | $178.5M | $26.0M | ||
| Q1 25 | $189.1M | $30.3M | ||
| Q4 24 | $221.2M | $34.4M | ||
| Q3 24 | $232.7M | $41.3M | ||
| Q2 24 | $223.7M | $23.1M | ||
| Q1 24 | $193.8M | $23.5M |
| Q4 25 | $671.5M | — | ||
| Q3 25 | $630.4M | — | ||
| Q2 25 | $638.8M | — | ||
| Q1 25 | $514.7M | — | ||
| Q4 24 | $538.6M | — | ||
| Q3 24 | $483.4M | — | ||
| Q2 24 | $481.8M | — | ||
| Q1 24 | $352.0M | — |
| Q4 25 | $1.5B | $680.7M | ||
| Q3 25 | $1.5B | $664.1M | ||
| Q2 25 | $1.5B | $638.7M | ||
| Q1 25 | $1.5B | $622.5M | ||
| Q4 24 | $1.5B | $620.9M | ||
| Q3 24 | $1.5B | $612.7M | ||
| Q2 24 | $1.5B | $620.5M | ||
| Q1 24 | $1.4B | $608.4M |
| Q4 25 | $3.0B | $2.9B | ||
| Q3 25 | $3.0B | $2.6B | ||
| Q2 25 | $3.0B | $2.5B | ||
| Q1 25 | $3.0B | $2.6B | ||
| Q4 24 | $3.0B | $2.8B | ||
| Q3 24 | $2.9B | $2.6B | ||
| Q2 24 | $2.9B | $2.7B | ||
| Q1 24 | $2.8B | $2.7B |
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.43× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.32× | — | ||
| Q1 24 | 0.26× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $125.4M | $102.1M |
| Free Cash FlowOCF − Capex | $111.2M | — |
| FCF MarginFCF / Revenue | 11.9% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.10× | 8.53× |
| TTM Free Cash FlowTrailing 4 quarters | $403.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.4M | $102.1M | ||
| Q3 25 | $167.8M | $67.1M | ||
| Q2 25 | $87.7M | $51.1M | ||
| Q1 25 | $90.4M | $50.3M | ||
| Q4 24 | $72.9M | $60.2M | ||
| Q3 24 | $126.0M | $67.9M | ||
| Q2 24 | $141.5M | $39.6M | ||
| Q1 24 | $87.0M | $26.6M |
| Q4 25 | $111.2M | — | ||
| Q3 25 | $147.5M | — | ||
| Q2 25 | $73.0M | $27.8M | ||
| Q1 25 | $71.5M | $24.3M | ||
| Q4 24 | $47.9M | — | ||
| Q3 24 | $106.2M | $46.7M | ||
| Q2 24 | $120.2M | $11.4M | ||
| Q1 24 | $65.7M | $6.1M |
| Q4 25 | 11.9% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 7.8% | 5.3% | ||
| Q1 25 | 8.2% | 4.5% | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 11.4% | 8.8% | ||
| Q2 24 | 13.0% | 2.1% | ||
| Q1 24 | 7.5% | 1.1% |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.6% | 4.5% | ||
| Q1 25 | 2.2% | 4.8% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 2.1% | 4.0% | ||
| Q2 24 | 2.3% | 5.2% | ||
| Q1 24 | 2.4% | 3.8% |
| Q4 25 | 1.10× | 8.53× | ||
| Q3 25 | 1.47× | 1.99× | ||
| Q2 25 | 1.52× | 2.28× | ||
| Q1 25 | 0.94× | 3.59× | ||
| Q4 24 | 0.74× | 4.77× | ||
| Q3 24 | 1.15× | 7.60× | ||
| Q2 24 | 1.25× | 1.94× | ||
| Q1 24 | 0.88× | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DCI
| Aftermarket Products | $447.1M | 48% |
| Industrial Filtration Solutions Products | $222.6M | 24% |
| Off Road Products | $86.5M | 9% |
| Life Sciences Segment | $80.0M | 9% |
| Other | $39.1M | 4% |
| Aerospace And Defense Products | $37.1M | 4% |
| On Road Products | $23.0M | 2% |
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
