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Side-by-side financial comparison of DONALDSON Co INC (DCI) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
DONALDSON Co INC is the larger business by last-quarter revenue ($935.4M vs $614.5M, roughly 1.5× Cloudflare, Inc.). DONALDSON Co INC runs the higher net margin — 12.2% vs -2.0%, a 14.1% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 3.9%). DONALDSON Co INC produced more free cash flow last quarter ($111.2M vs $105.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% 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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
DCI vs NET — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $935.4M | $614.5M |
| Net Profit | $113.9M | $-12.1M |
| Gross Margin | 35.2% | 73.6% |
| Operating Margin | 16.0% | -8.0% |
| Net Margin | 12.2% | -2.0% |
| Revenue YoY | 3.9% | 33.6% |
| Net Profit YoY | 15.1% | 6.0% |
| EPS (diluted) | $0.97 | $-0.03 |
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 | $614.5M | ||
| Q3 25 | $980.7M | $562.0M | ||
| Q2 25 | $940.1M | $512.3M | ||
| Q1 25 | $870.0M | $479.1M | ||
| Q4 24 | $900.1M | $459.9M | ||
| Q3 24 | $935.4M | $430.1M | ||
| Q2 24 | $927.9M | $401.0M | ||
| Q1 24 | $876.7M | $378.6M |
| Q4 25 | $113.9M | $-12.1M | ||
| Q3 25 | $114.3M | $-1.3M | ||
| Q2 25 | $57.8M | $-50.4M | ||
| Q1 25 | $95.9M | $-38.5M | ||
| Q4 24 | $99.0M | $-12.8M | ||
| Q3 24 | $109.7M | $-15.3M | ||
| Q2 24 | $113.5M | $-15.1M | ||
| Q1 24 | $98.7M | $-35.5M |
| Q4 25 | 35.2% | 73.6% | ||
| Q3 25 | 34.5% | 74.0% | ||
| Q2 25 | 34.2% | 74.9% | ||
| Q1 25 | 35.2% | 75.9% | ||
| Q4 24 | 35.5% | 76.4% | ||
| Q3 24 | 35.8% | 77.7% | ||
| Q2 24 | 35.6% | 77.8% | ||
| Q1 24 | 35.2% | 77.5% |
| Q4 25 | 16.0% | -8.0% | ||
| Q3 25 | 15.5% | -6.7% | ||
| Q2 25 | 9.3% | -13.1% | ||
| Q1 25 | 14.4% | -11.1% | ||
| Q4 24 | 14.5% | -7.5% | ||
| Q3 24 | 15.6% | -7.2% | ||
| Q2 24 | 15.5% | -8.7% | ||
| Q1 24 | 14.8% | -14.4% |
| Q4 25 | 12.2% | -2.0% | ||
| Q3 25 | 11.7% | -0.2% | ||
| Q2 25 | 6.1% | -9.8% | ||
| Q1 25 | 11.0% | -8.0% | ||
| Q4 24 | 11.0% | -2.8% | ||
| Q3 24 | 11.7% | -3.6% | ||
| Q2 24 | 12.2% | -3.8% | ||
| Q1 24 | 11.3% | -9.4% |
| Q4 25 | $0.97 | $-0.03 | ||
| Q3 25 | $0.97 | $0.00 | ||
| Q2 25 | $0.48 | $-0.15 | ||
| Q1 25 | $0.79 | $-0.11 | ||
| Q4 24 | $0.81 | $-0.05 | ||
| Q3 24 | $0.90 | $-0.04 | ||
| Q2 24 | $0.92 | $-0.04 | ||
| Q1 24 | $0.81 | $-0.10 |
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 | $943.5M |
| Total DebtLower is stronger | $671.5M | — |
| Stockholders' EquityBook value | $1.5B | $1.5B |
| Total Assets | $3.0B | $6.0B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.7M | $943.5M | ||
| Q3 25 | $180.4M | $1.1B | ||
| Q2 25 | $178.5M | $1.5B | ||
| Q1 25 | $189.1M | $204.5M | ||
| Q4 24 | $221.2M | $147.7M | ||
| Q3 24 | $232.7M | $182.9M | ||
| Q2 24 | $223.7M | $157.0M | ||
| Q1 24 | $193.8M | $254.4M |
| 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 | $1.5B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.5B | $973.1M | ||
| Q2 24 | $1.5B | $881.5M | ||
| Q1 24 | $1.4B | $797.2M |
| Q4 25 | $3.0B | $6.0B | ||
| Q3 25 | $3.0B | $5.8B | ||
| Q2 25 | $3.0B | $5.6B | ||
| Q1 25 | $3.0B | $3.7B | ||
| Q4 24 | $3.0B | $3.3B | ||
| Q3 24 | $2.9B | $3.1B | ||
| Q2 24 | $2.9B | $2.9B | ||
| Q1 24 | $2.8B | $2.8B |
| 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 | $190.4M |
| Free Cash FlowOCF − Capex | $111.2M | $105.2M |
| FCF MarginFCF / Revenue | 11.9% | 17.1% |
| Capex IntensityCapex / Revenue | 1.5% | 13.9% |
| Cash ConversionOCF / Net Profit | 1.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $403.2M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.4M | $190.4M | ||
| Q3 25 | $167.8M | $167.1M | ||
| Q2 25 | $87.7M | $99.8M | ||
| Q1 25 | $90.4M | $145.8M | ||
| Q4 24 | $72.9M | $127.3M | ||
| Q3 24 | $126.0M | $104.7M | ||
| Q2 24 | $141.5M | $74.8M | ||
| Q1 24 | $87.0M | $73.6M |
| Q4 25 | $111.2M | $105.2M | ||
| Q3 25 | $147.5M | $82.5M | ||
| Q2 25 | $73.0M | $39.9M | ||
| Q1 25 | $71.5M | $59.9M | ||
| Q4 24 | $47.9M | $54.2M | ||
| Q3 24 | $106.2M | $54.5M | ||
| Q2 24 | $120.2M | $45.2M | ||
| Q1 24 | $65.7M | $41.5M |
| Q4 25 | 11.9% | 17.1% | ||
| Q3 25 | 15.0% | 14.7% | ||
| Q2 25 | 7.8% | 7.8% | ||
| Q1 25 | 8.2% | 12.5% | ||
| Q4 24 | 5.3% | 11.8% | ||
| Q3 24 | 11.4% | 12.7% | ||
| Q2 24 | 13.0% | 11.3% | ||
| Q1 24 | 7.5% | 11.0% |
| Q4 25 | 1.5% | 13.9% | ||
| Q3 25 | 2.1% | 15.1% | ||
| Q2 25 | 1.6% | 11.7% | ||
| Q1 25 | 2.2% | 17.9% | ||
| Q4 24 | 2.8% | 15.9% | ||
| Q3 24 | 2.1% | 11.7% | ||
| Q2 24 | 2.3% | 7.4% | ||
| Q1 24 | 2.4% | 8.5% |
| Q4 25 | 1.10× | — | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 0.88× | — |
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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
