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Side-by-side financial comparison of DONALDSON Co INC (DCI) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
DONALDSON Co INC is the larger business by last-quarter revenue ($935.4M vs $822.5M, roughly 1.1× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 12.2%, a 22.4% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 3.9%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $111.2M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs 3.3%).
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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
DCI vs MSCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $935.4M | $822.5M |
| Net Profit | $113.9M | $284.7M |
| Gross Margin | 35.2% | — |
| Operating Margin | 16.0% | 56.4% |
| Net Margin | 12.2% | 34.6% |
| Revenue YoY | 3.9% | 10.6% |
| Net Profit YoY | 15.1% | -6.8% |
| EPS (diluted) | $0.97 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $980.7M | $793.4M | ||
| Q2 25 | $940.1M | $772.7M | ||
| Q1 25 | $870.0M | $745.8M | ||
| Q4 24 | $900.1M | $743.5M | ||
| Q3 24 | $935.4M | $724.7M | ||
| Q2 24 | $927.9M | $707.9M | ||
| Q1 24 | $876.7M | $680.0M |
| Q4 25 | $113.9M | $284.7M | ||
| Q3 25 | $114.3M | $325.4M | ||
| Q2 25 | $57.8M | $303.6M | ||
| Q1 25 | $95.9M | $288.6M | ||
| Q4 24 | $99.0M | $305.5M | ||
| Q3 24 | $109.7M | $280.9M | ||
| Q2 24 | $113.5M | $266.8M | ||
| Q1 24 | $98.7M | $256.0M |
| Q4 25 | 35.2% | — | ||
| Q3 25 | 34.5% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 35.8% | — | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 35.2% | — |
| Q4 25 | 16.0% | 56.4% | ||
| Q3 25 | 15.5% | 56.4% | ||
| Q2 25 | 9.3% | 55.0% | ||
| Q1 25 | 14.4% | 50.6% | ||
| Q4 24 | 14.5% | 54.5% | ||
| Q3 24 | 15.6% | 55.4% | ||
| Q2 24 | 15.5% | 54.0% | ||
| Q1 24 | 14.8% | 49.9% |
| Q4 25 | 12.2% | 34.6% | ||
| Q3 25 | 11.7% | 41.0% | ||
| Q2 25 | 6.1% | 39.3% | ||
| Q1 25 | 11.0% | 38.7% | ||
| Q4 24 | 11.0% | 41.1% | ||
| Q3 24 | 11.7% | 38.8% | ||
| Q2 24 | 12.2% | 37.7% | ||
| Q1 24 | 11.3% | 37.6% |
| Q4 25 | $0.97 | $3.81 | ||
| Q3 25 | $0.97 | $4.25 | ||
| Q2 25 | $0.48 | $3.92 | ||
| Q1 25 | $0.79 | $3.71 | ||
| Q4 24 | $0.81 | $3.89 | ||
| Q3 24 | $0.90 | $3.57 | ||
| Q2 24 | $0.92 | $3.37 | ||
| Q1 24 | $0.81 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | $671.5M | $6.2B |
| Stockholders' EquityBook value | $1.5B | $-2.7B |
| Total Assets | $3.0B | $5.7B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.7M | $515.3M | ||
| Q3 25 | $180.4M | $400.1M | ||
| Q2 25 | $178.5M | $347.3M | ||
| Q1 25 | $189.1M | $360.7M | ||
| Q4 24 | $221.2M | $409.4M | ||
| Q3 24 | $232.7M | $501.0M | ||
| Q2 24 | $223.7M | $451.4M | ||
| Q1 24 | $193.8M | $519.3M |
| Q4 25 | $671.5M | $6.2B | ||
| Q3 25 | $630.4M | $5.5B | ||
| Q2 25 | $638.8M | $4.5B | ||
| Q1 25 | $514.7M | $4.5B | ||
| Q4 24 | $538.6M | $4.5B | ||
| Q3 24 | $483.4M | $4.5B | ||
| Q2 24 | $481.8M | $4.5B | ||
| Q1 24 | $352.0M | $4.5B |
| Q4 25 | $1.5B | $-2.7B | ||
| Q3 25 | $1.5B | $-1.9B | ||
| Q2 25 | $1.5B | $-886.2M | ||
| Q1 25 | $1.5B | $-958.6M | ||
| Q4 24 | $1.5B | $-940.0M | ||
| Q3 24 | $1.5B | $-751.0M | ||
| Q2 24 | $1.5B | $-734.5M | ||
| Q1 24 | $1.4B | $-650.5M |
| Q4 25 | $3.0B | $5.7B | ||
| Q3 25 | $3.0B | $5.4B | ||
| Q2 25 | $3.0B | $5.4B | ||
| Q1 25 | $3.0B | $5.3B | ||
| Q4 24 | $3.0B | $5.4B | ||
| Q3 24 | $2.9B | $5.4B | ||
| Q2 24 | $2.9B | $5.5B | ||
| Q1 24 | $2.8B | $5.5B |
| 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 | $501.1M |
| Free Cash FlowOCF − Capex | $111.2M | $488.7M |
| FCF MarginFCF / Revenue | 11.9% | 59.4% |
| Capex IntensityCapex / Revenue | 1.5% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.10× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $403.2M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.4M | $501.1M | ||
| Q3 25 | $167.8M | $449.4M | ||
| Q2 25 | $87.7M | $336.1M | ||
| Q1 25 | $90.4M | $301.7M | ||
| Q4 24 | $72.9M | $430.6M | ||
| Q3 24 | $126.0M | $421.6M | ||
| Q2 24 | $141.5M | $349.2M | ||
| Q1 24 | $87.0M | $300.1M |
| Q4 25 | $111.2M | $488.7M | ||
| Q3 25 | $147.5M | $445.5M | ||
| Q2 25 | $73.0M | $324.7M | ||
| Q1 25 | $71.5M | $290.2M | ||
| Q4 24 | $47.9M | $416.4M | ||
| Q3 24 | $106.2M | $415.0M | ||
| Q2 24 | $120.2M | $340.6M | ||
| Q1 24 | $65.7M | $295.9M |
| Q4 25 | 11.9% | 59.4% | ||
| Q3 25 | 15.0% | 56.2% | ||
| Q2 25 | 7.8% | 42.0% | ||
| Q1 25 | 8.2% | 38.9% | ||
| Q4 24 | 5.3% | 56.0% | ||
| Q3 24 | 11.4% | 57.3% | ||
| Q2 24 | 13.0% | 48.1% | ||
| Q1 24 | 7.5% | 43.5% |
| Q4 25 | 1.5% | 1.5% | ||
| Q3 25 | 2.1% | 0.5% | ||
| Q2 25 | 1.6% | 1.5% | ||
| Q1 25 | 2.2% | 1.5% | ||
| Q4 24 | 2.8% | 1.9% | ||
| Q3 24 | 2.1% | 0.9% | ||
| Q2 24 | 2.3% | 1.2% | ||
| Q1 24 | 2.4% | 0.6% |
| Q4 25 | 1.10× | 1.76× | ||
| Q3 25 | 1.47× | 1.38× | ||
| Q2 25 | 1.52× | 1.11× | ||
| Q1 25 | 0.94× | 1.05× | ||
| Q4 24 | 0.74× | 1.41× | ||
| Q3 24 | 1.15× | 1.50× | ||
| Q2 24 | 1.25× | 1.31× | ||
| Q1 24 | 0.88× | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
