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Side-by-side financial comparison of DONALDSON Co INC (DCI) and ON Semiconductor (ON). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.6B vs $935.4M, roughly 1.7× DONALDSON Co INC). ON Semiconductor runs the higher net margin — 16.4% vs 12.2%, a 4.3% gap on every dollar of revenue. On growth, DONALDSON Co INC posted the faster year-over-year revenue change (3.9% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $111.2M). Over the past eight quarters, DONALDSON Co INC's revenue compounded faster (3.3% CAGR vs -12.3%).
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.
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
DCI vs ON — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $935.4M | $1.6B |
| Net Profit | $113.9M | $255.0M |
| Gross Margin | 35.2% | 37.9% |
| Operating Margin | 16.0% | 17.0% |
| Net Margin | 12.2% | 16.4% |
| Revenue YoY | 3.9% | -10.0% |
| Net Profit YoY | 15.1% | -32.9% |
| EPS (diluted) | $0.97 | $0.63 |
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 | $1.6B | ||
| Q3 25 | $980.7M | $1.5B | ||
| Q2 25 | $940.1M | $1.4B | ||
| Q1 25 | $870.0M | — | ||
| Q4 24 | $900.1M | $1.7B | ||
| Q3 24 | $935.4M | $1.8B | ||
| Q2 24 | $927.9M | $1.7B | ||
| Q1 24 | $876.7M | $1.9B |
| Q4 25 | $113.9M | $255.0M | ||
| Q3 25 | $114.3M | $170.3M | ||
| Q2 25 | $57.8M | $-486.1M | ||
| Q1 25 | $95.9M | — | ||
| Q4 24 | $99.0M | $379.9M | ||
| Q3 24 | $109.7M | $401.7M | ||
| Q2 24 | $113.5M | $338.2M | ||
| Q1 24 | $98.7M | $453.0M |
| Q4 25 | 35.2% | 37.9% | ||
| Q3 25 | 34.5% | 37.6% | ||
| Q2 25 | 34.2% | 20.3% | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 35.5% | 45.2% | ||
| Q3 24 | 35.8% | 45.4% | ||
| Q2 24 | 35.6% | 45.2% | ||
| Q1 24 | 35.2% | 45.8% |
| Q4 25 | 16.0% | 17.0% | ||
| Q3 25 | 15.5% | 13.2% | ||
| Q2 25 | 9.3% | -39.7% | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 14.5% | 23.7% | ||
| Q3 24 | 15.6% | 25.3% | ||
| Q2 24 | 15.5% | 22.4% | ||
| Q1 24 | 14.8% | 28.2% |
| Q4 25 | 12.2% | 16.4% | ||
| Q3 25 | 11.7% | 11.6% | ||
| Q2 25 | 6.1% | -33.6% | ||
| Q1 25 | 11.0% | — | ||
| Q4 24 | 11.0% | 22.1% | ||
| Q3 24 | 11.7% | 22.8% | ||
| Q2 24 | 12.2% | 19.5% | ||
| Q1 24 | 11.3% | 24.3% |
| Q4 25 | $0.97 | $0.63 | ||
| Q3 25 | $0.97 | $0.41 | ||
| Q2 25 | $0.48 | $-1.15 | ||
| Q1 25 | $0.79 | — | ||
| Q4 24 | $0.81 | $0.88 | ||
| Q3 24 | $0.90 | $0.93 | ||
| Q2 24 | $0.92 | $0.78 | ||
| Q1 24 | $0.81 | $1.04 |
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 | $2.9B |
| Total DebtLower is stronger | $671.5M | $3.4B |
| Stockholders' EquityBook value | $1.5B | $7.9B |
| Total Assets | $3.0B | $13.0B |
| Debt / EquityLower = less leverage | 0.44× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.7M | $2.9B | ||
| Q3 25 | $180.4M | $2.8B | ||
| Q2 25 | $178.5M | $3.0B | ||
| Q1 25 | $189.1M | — | ||
| Q4 24 | $221.2M | $3.0B | ||
| Q3 24 | $232.7M | $2.8B | ||
| Q2 24 | $223.7M | $2.7B | ||
| Q1 24 | $193.8M | $2.6B |
| Q4 25 | $671.5M | $3.4B | ||
| Q3 25 | $630.4M | $3.4B | ||
| Q2 25 | $638.8M | $3.4B | ||
| Q1 25 | $514.7M | — | ||
| Q4 24 | $538.6M | $3.4B | ||
| Q3 24 | $483.4M | $3.4B | ||
| Q2 24 | $481.8M | $3.4B | ||
| Q1 24 | $352.0M | $3.4B |
| Q4 25 | $1.5B | $7.9B | ||
| Q3 25 | $1.5B | $7.9B | ||
| Q2 25 | $1.5B | $8.0B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $8.8B | ||
| Q3 24 | $1.5B | $8.6B | ||
| Q2 24 | $1.5B | $8.3B | ||
| Q1 24 | $1.4B | $8.1B |
| Q4 25 | $3.0B | $13.0B | ||
| Q3 25 | $3.0B | $13.1B | ||
| Q2 25 | $3.0B | $13.3B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $14.1B | ||
| Q3 24 | $2.9B | $13.9B | ||
| Q2 24 | $2.9B | $13.7B | ||
| Q1 24 | $2.8B | $13.5B |
| Q4 25 | 0.44× | 0.43× | ||
| Q3 25 | 0.43× | 0.43× | ||
| Q2 25 | 0.44× | 0.42× | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.35× | 0.38× | ||
| Q3 24 | 0.32× | 0.39× | ||
| Q2 24 | 0.32× | 0.41× | ||
| Q1 24 | 0.26× | 0.42× |
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 | $418.7M |
| Free Cash FlowOCF − Capex | $111.2M | $372.4M |
| FCF MarginFCF / Revenue | 11.9% | 24.0% |
| Capex IntensityCapex / Revenue | 1.5% | 3.0% |
| Cash ConversionOCF / Net Profit | 1.10× | 1.64× |
| TTM Free Cash FlowTrailing 4 quarters | $403.2M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.4M | $418.7M | ||
| Q3 25 | $167.8M | $184.3M | ||
| Q2 25 | $87.7M | $602.3M | ||
| Q1 25 | $90.4M | — | ||
| Q4 24 | $72.9M | $579.7M | ||
| Q3 24 | $126.0M | $465.8M | ||
| Q2 24 | $141.5M | $362.2M | ||
| Q1 24 | $87.0M | $498.7M |
| Q4 25 | $111.2M | $372.4M | ||
| Q3 25 | $147.5M | $106.1M | ||
| Q2 25 | $73.0M | $454.7M | ||
| Q1 25 | $71.5M | — | ||
| Q4 24 | $47.9M | $434.8M | ||
| Q3 24 | $106.2M | $293.6M | ||
| Q2 24 | $120.2M | $207.7M | ||
| Q1 24 | $65.7M | $276.3M |
| Q4 25 | 11.9% | 24.0% | ||
| Q3 25 | 15.0% | 7.2% | ||
| Q2 25 | 7.8% | 31.5% | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | 5.3% | 25.2% | ||
| Q3 24 | 11.4% | 16.7% | ||
| Q2 24 | 13.0% | 12.0% | ||
| Q1 24 | 7.5% | 14.8% |
| Q4 25 | 1.5% | 3.0% | ||
| Q3 25 | 2.1% | 5.3% | ||
| Q2 25 | 1.6% | 10.2% | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 2.8% | 8.4% | ||
| Q3 24 | 2.1% | 9.8% | ||
| Q2 24 | 2.3% | 8.9% | ||
| Q1 24 | 2.4% | 11.9% |
| Q4 25 | 1.10× | 1.64× | ||
| Q3 25 | 1.47× | 1.08× | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 0.74× | 1.53× | ||
| Q3 24 | 1.15× | 1.16× | ||
| Q2 24 | 1.25× | 1.07× | ||
| Q1 24 | 0.88× | 1.10× |
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% |
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
