vs
Side-by-side financial comparison of DONALDSON Co INC (DCI) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
DONALDSON Co INC is the larger business by last-quarter revenue ($935.4M vs $932.7M, roughly 1.0× LCI INDUSTRIES). DONALDSON Co INC runs the higher net margin — 12.2% vs 2.0%, a 10.2% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 3.9%). DONALDSON Co INC produced more free cash flow last quarter ($111.2M vs $64.3M). Over the past eight quarters, DONALDSON Co INC's revenue compounded faster (3.3% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
DCI vs LCII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $935.4M | $932.7M |
| Net Profit | $113.9M | $18.7M |
| Gross Margin | 35.2% | 22.1% |
| Operating Margin | 16.0% | 3.8% |
| Net Margin | 12.2% | 2.0% |
| Revenue YoY | 3.9% | 16.1% |
| Net Profit YoY | 15.1% | 95.7% |
| EPS (diluted) | $0.97 | $0.79 |
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 | $932.7M | ||
| Q3 25 | $980.7M | $1.0B | ||
| Q2 25 | $940.1M | $1.1B | ||
| Q1 25 | $870.0M | $1.0B | ||
| Q4 24 | $900.1M | $803.1M | ||
| Q3 24 | $935.4M | $915.5M | ||
| Q2 24 | $927.9M | $1.1B | ||
| Q1 24 | $876.7M | $968.0M |
| Q4 25 | $113.9M | $18.7M | ||
| Q3 25 | $114.3M | $62.5M | ||
| Q2 25 | $57.8M | $57.6M | ||
| Q1 25 | $95.9M | $49.4M | ||
| Q4 24 | $99.0M | $9.5M | ||
| Q3 24 | $109.7M | $35.6M | ||
| Q2 24 | $113.5M | $61.2M | ||
| Q1 24 | $98.7M | $36.5M |
| Q4 25 | 35.2% | 22.1% | ||
| Q3 25 | 34.5% | 24.4% | ||
| Q2 25 | 34.2% | 24.4% | ||
| Q1 25 | 35.2% | 24.1% | ||
| Q4 24 | 35.5% | 21.1% | ||
| Q3 24 | 35.8% | 24.0% | ||
| Q2 24 | 35.6% | 25.3% | ||
| Q1 24 | 35.2% | 23.1% |
| Q4 25 | 16.0% | 3.8% | ||
| Q3 25 | 15.5% | 7.3% | ||
| Q2 25 | 9.3% | 7.9% | ||
| Q1 25 | 14.4% | 7.8% | ||
| Q4 24 | 14.5% | 2.0% | ||
| Q3 24 | 15.6% | 5.9% | ||
| Q2 24 | 15.5% | 8.6% | ||
| Q1 24 | 14.8% | 6.0% |
| Q4 25 | 12.2% | 2.0% | ||
| Q3 25 | 11.7% | 6.0% | ||
| Q2 25 | 6.1% | 5.2% | ||
| Q1 25 | 11.0% | 4.7% | ||
| Q4 24 | 11.0% | 1.2% | ||
| Q3 24 | 11.7% | 3.9% | ||
| Q2 24 | 12.2% | 5.8% | ||
| Q1 24 | 11.3% | 3.8% |
| Q4 25 | $0.97 | $0.79 | ||
| Q3 25 | $0.97 | $2.55 | ||
| Q2 25 | $0.48 | $2.29 | ||
| Q1 25 | $0.79 | $1.94 | ||
| Q4 24 | $0.81 | $0.37 | ||
| Q3 24 | $0.90 | $1.39 | ||
| Q2 24 | $0.92 | $2.40 | ||
| Q1 24 | $0.81 | $1.44 |
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 | $222.6M |
| Total DebtLower is stronger | $671.5M | $945.2M |
| Stockholders' EquityBook value | $1.5B | $1.4B |
| Total Assets | $3.0B | $3.2B |
| Debt / EquityLower = less leverage | 0.44× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.7M | $222.6M | ||
| Q3 25 | $180.4M | $199.7M | ||
| Q2 25 | $178.5M | $191.9M | ||
| Q1 25 | $189.1M | $231.2M | ||
| Q4 24 | $221.2M | $165.8M | ||
| Q3 24 | $232.7M | $161.2M | ||
| Q2 24 | $223.7M | $130.4M | ||
| Q1 24 | $193.8M | $22.6M |
| Q4 25 | $671.5M | $945.2M | ||
| Q3 25 | $630.4M | $947.8M | ||
| Q2 25 | $638.8M | $948.0M | ||
| Q1 25 | $514.7M | $938.3M | ||
| Q4 24 | $538.6M | $757.3M | ||
| Q3 24 | $483.4M | $822.5M | ||
| Q2 24 | $481.8M | $829.7M | ||
| Q1 24 | $352.0M | $855.3M |
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.4B | $1.4B |
| Q4 25 | $3.0B | $3.2B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $3.0B | $3.2B | ||
| Q1 25 | $3.0B | $3.1B | ||
| Q4 24 | $3.0B | $2.9B | ||
| Q3 24 | $2.9B | $3.0B | ||
| Q2 24 | $2.9B | $3.0B | ||
| Q1 24 | $2.8B | $3.0B |
| Q4 25 | 0.44× | 0.69× | ||
| Q3 25 | 0.43× | 0.70× | ||
| Q2 25 | 0.44× | 0.68× | ||
| Q1 25 | 0.33× | 0.69× | ||
| Q4 24 | 0.35× | 0.55× | ||
| Q3 24 | 0.32× | 0.58× | ||
| Q2 24 | 0.32× | 0.60× | ||
| Q1 24 | 0.26× | 0.63× |
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 | $78.9M |
| Free Cash FlowOCF − Capex | $111.2M | $64.3M |
| FCF MarginFCF / Revenue | 11.9% | 6.9% |
| Capex IntensityCapex / Revenue | 1.5% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.10× | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | $403.2M | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.4M | $78.9M | ||
| Q3 25 | $167.8M | $97.2M | ||
| Q2 25 | $87.7M | $112.2M | ||
| Q1 25 | $90.4M | $42.7M | ||
| Q4 24 | $72.9M | $106.6M | ||
| Q3 24 | $126.0M | $78.4M | ||
| Q2 24 | $141.5M | $192.9M | ||
| Q1 24 | $87.0M | $-7.7M |
| Q4 25 | $111.2M | $64.3M | ||
| Q3 25 | $147.5M | $80.9M | ||
| Q2 25 | $73.0M | $99.5M | ||
| Q1 25 | $71.5M | $33.7M | ||
| Q4 24 | $47.9M | $95.7M | ||
| Q3 24 | $106.2M | $68.3M | ||
| Q2 24 | $120.2M | $180.2M | ||
| Q1 24 | $65.7M | $-16.3M |
| Q4 25 | 11.9% | 6.9% | ||
| Q3 25 | 15.0% | 7.8% | ||
| Q2 25 | 7.8% | 9.0% | ||
| Q1 25 | 8.2% | 3.2% | ||
| Q4 24 | 5.3% | 11.9% | ||
| Q3 24 | 11.4% | 7.5% | ||
| Q2 24 | 13.0% | 17.1% | ||
| Q1 24 | 7.5% | -1.7% |
| Q4 25 | 1.5% | 1.6% | ||
| Q3 25 | 2.1% | 1.6% | ||
| Q2 25 | 1.6% | 1.2% | ||
| Q1 25 | 2.2% | 0.9% | ||
| Q4 24 | 2.8% | 1.4% | ||
| Q3 24 | 2.1% | 1.1% | ||
| Q2 24 | 2.3% | 1.2% | ||
| Q1 24 | 2.4% | 0.9% |
| Q4 25 | 1.10× | 4.22× | ||
| Q3 25 | 1.47× | 1.55× | ||
| Q2 25 | 1.52× | 1.95× | ||
| Q1 25 | 0.94× | 0.86× | ||
| Q4 24 | 0.74× | 11.17× | ||
| Q3 24 | 1.15× | 2.20× | ||
| Q2 24 | 1.25× | 3.15× | ||
| Q1 24 | 0.88× | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
