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Side-by-side financial comparison of DONALDSON Co INC (DCI) and Noble Corp plc (NE). Click either name above to swap in a different company.
DONALDSON Co INC is the larger business by last-quarter revenue ($935.4M vs $764.4M, roughly 1.2× Noble Corp plc). DONALDSON Co INC runs the higher net margin — 12.2% vs 11.3%, a 0.8% gap on every dollar of revenue. On growth, DONALDSON Co INC posted the faster year-over-year revenue change (3.9% vs -17.6%). DONALDSON Co INC produced more free cash flow last quarter ($111.2M vs $35.4M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% 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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
DCI vs NE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $935.4M | $764.4M |
| Net Profit | $113.9M | $86.6M |
| Gross Margin | 35.2% | — |
| Operating Margin | 16.0% | 5.6% |
| Net Margin | 12.2% | 11.3% |
| Revenue YoY | 3.9% | -17.6% |
| Net Profit YoY | 15.1% | -10.4% |
| EPS (diluted) | $0.97 | $0.54 |
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 | $764.4M | ||
| Q3 25 | $980.7M | $798.0M | ||
| Q2 25 | $940.1M | $848.7M | ||
| Q1 25 | $870.0M | $874.5M | ||
| Q4 24 | $900.1M | $927.3M | ||
| Q3 24 | $935.4M | $800.5M | ||
| Q2 24 | $927.9M | $692.8M | ||
| Q1 24 | $876.7M | $637.1M |
| Q4 25 | $113.9M | $86.6M | ||
| Q3 25 | $114.3M | $-21.1M | ||
| Q2 25 | $57.8M | $42.9M | ||
| Q1 25 | $95.9M | $108.3M | ||
| Q4 24 | $99.0M | $96.6M | ||
| Q3 24 | $109.7M | $61.2M | ||
| Q2 24 | $113.5M | $195.0M | ||
| Q1 24 | $98.7M | $95.5M |
| 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% | 5.6% | ||
| Q3 25 | 15.5% | 6.3% | ||
| Q2 25 | 9.3% | 15.9% | ||
| Q1 25 | 14.4% | 21.4% | ||
| Q4 24 | 14.5% | 18.4% | ||
| Q3 24 | 15.6% | 14.4% | ||
| Q2 24 | 15.5% | 30.3% | ||
| Q1 24 | 14.8% | 16.9% |
| Q4 25 | 12.2% | 11.3% | ||
| Q3 25 | 11.7% | -2.6% | ||
| Q2 25 | 6.1% | 5.1% | ||
| Q1 25 | 11.0% | 12.4% | ||
| Q4 24 | 11.0% | 10.4% | ||
| Q3 24 | 11.7% | 7.6% | ||
| Q2 24 | 12.2% | 28.1% | ||
| Q1 24 | 11.3% | 15.0% |
| Q4 25 | $0.97 | $0.54 | ||
| Q3 25 | $0.97 | $-0.13 | ||
| Q2 25 | $0.48 | $0.27 | ||
| Q1 25 | $0.79 | $0.67 | ||
| Q4 24 | $0.81 | $0.56 | ||
| Q3 24 | $0.90 | $0.40 | ||
| Q2 24 | $0.92 | $1.34 | ||
| Q1 24 | $0.81 | $0.66 |
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 | $471.4M |
| Total DebtLower is stronger | $671.5M | — |
| Stockholders' EquityBook value | $1.5B | $4.5B |
| Total Assets | $3.0B | $7.5B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.7M | $471.4M | ||
| Q3 25 | $180.4M | $477.9M | ||
| Q2 25 | $178.5M | $338.2M | ||
| Q1 25 | $189.1M | $303.8M | ||
| Q4 24 | $221.2M | $247.3M | ||
| Q3 24 | $232.7M | $391.9M | ||
| Q2 24 | $223.7M | $162.9M | ||
| Q1 24 | $193.8M | $212.5M |
| 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 | $4.5B | ||
| Q3 25 | $1.5B | $4.5B | ||
| Q2 25 | $1.5B | $4.6B | ||
| Q1 25 | $1.5B | $4.7B | ||
| Q4 24 | $1.5B | $4.7B | ||
| Q3 24 | $1.5B | $4.7B | ||
| Q2 24 | $1.5B | $4.0B | ||
| Q1 24 | $1.4B | $3.9B |
| Q4 25 | $3.0B | $7.5B | ||
| Q3 25 | $3.0B | $7.6B | ||
| Q2 25 | $3.0B | $7.7B | ||
| Q1 25 | $3.0B | $7.9B | ||
| Q4 24 | $3.0B | $8.0B | ||
| Q3 24 | $2.9B | $8.0B | ||
| Q2 24 | $2.9B | $5.6B | ||
| Q1 24 | $2.8B | $5.4B |
| 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 | $187.1M |
| Free Cash FlowOCF − Capex | $111.2M | $35.4M |
| FCF MarginFCF / Revenue | 11.9% | 4.6% |
| Capex IntensityCapex / Revenue | 1.5% | 19.9% |
| Cash ConversionOCF / Net Profit | 1.10× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $403.2M | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.4M | $187.1M | ||
| Q3 25 | $167.8M | $277.1M | ||
| Q2 25 | $87.7M | $216.4M | ||
| Q1 25 | $90.4M | $271.1M | ||
| Q4 24 | $72.9M | $136.2M | ||
| Q3 24 | $126.0M | $283.8M | ||
| Q2 24 | $141.5M | $106.8M | ||
| Q1 24 | $87.0M | $128.7M |
| Q4 25 | $111.2M | $35.4M | ||
| Q3 25 | $147.5M | $139.5M | ||
| Q2 25 | $73.0M | $99.8M | ||
| Q1 25 | $71.5M | $157.5M | ||
| Q4 24 | $47.9M | $-4.4M | ||
| Q3 24 | $106.2M | $156.8M | ||
| Q2 24 | $120.2M | $-34.3M | ||
| Q1 24 | $65.7M | $-37.9M |
| Q4 25 | 11.9% | 4.6% | ||
| Q3 25 | 15.0% | 17.5% | ||
| Q2 25 | 7.8% | 11.8% | ||
| Q1 25 | 8.2% | 18.0% | ||
| Q4 24 | 5.3% | -0.5% | ||
| Q3 24 | 11.4% | 19.6% | ||
| Q2 24 | 13.0% | -4.9% | ||
| Q1 24 | 7.5% | -6.0% |
| Q4 25 | 1.5% | 19.9% | ||
| Q3 25 | 2.1% | 17.3% | ||
| Q2 25 | 1.6% | 13.7% | ||
| Q1 25 | 2.2% | 13.0% | ||
| Q4 24 | 2.8% | 15.2% | ||
| Q3 24 | 2.1% | 15.9% | ||
| Q2 24 | 2.3% | 20.4% | ||
| Q1 24 | 2.4% | 26.2% |
| Q4 25 | 1.10× | 2.16× | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 1.52× | 5.05× | ||
| Q1 25 | 0.94× | 2.50× | ||
| Q4 24 | 0.74× | 1.41× | ||
| Q3 24 | 1.15× | 4.64× | ||
| Q2 24 | 1.25× | 0.55× | ||
| Q1 24 | 0.88× | 1.35× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
