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Side-by-side financial comparison of DONALDSON Co INC (DCI) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $935.4M, roughly 1.5× DONALDSON Co INC). DONALDSON Co INC runs the higher net margin — 12.2% vs 3.1%, a 9.0% gap on every dollar of revenue. On growth, DONALDSON Co INC posted the faster year-over-year revenue change (3.9% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $111.2M). Over the past eight quarters, DONALDSON Co INC's revenue compounded faster (3.3% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
DCI vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $935.4M | $1.4B |
| Net Profit | $113.9M | $43.8M |
| Gross Margin | 35.2% | 28.6% |
| Operating Margin | 16.0% | 11.4% |
| Net Margin | 12.2% | 3.1% |
| Revenue YoY | 3.9% | 2.6% |
| Net Profit YoY | 15.1% | 700.0% |
| EPS (diluted) | $0.97 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $980.7M | $1.3B | ||
| Q2 25 | $940.1M | $1.3B | ||
| Q1 25 | $870.0M | $1.3B | ||
| Q4 24 | $900.1M | $1.4B | ||
| Q3 24 | $935.4M | $1.3B | ||
| Q2 24 | $927.9M | $1.3B | ||
| Q1 24 | $876.7M | $1.3B |
| Q4 25 | $113.9M | $43.8M | ||
| Q3 25 | $114.3M | $255.1M | ||
| Q2 25 | $57.8M | $93.1M | ||
| Q1 25 | $95.9M | $113.5M | ||
| Q4 24 | $99.0M | $-7.3M | ||
| Q3 24 | $109.7M | $91.7M | ||
| Q2 24 | $113.5M | $98.3M | ||
| Q1 24 | $98.7M | $82.0M |
| Q4 25 | 35.2% | 28.6% | ||
| Q3 25 | 34.5% | 29.8% | ||
| Q2 25 | 34.2% | 30.7% | ||
| Q1 25 | 35.2% | 30.9% | ||
| Q4 24 | 35.5% | 30.0% | ||
| Q3 24 | 35.8% | 30.1% | ||
| Q2 24 | 35.6% | 31.2% | ||
| Q1 24 | 35.2% | 30.3% |
| Q4 25 | 16.0% | 11.4% | ||
| Q3 25 | 15.5% | 13.8% | ||
| Q2 25 | 9.3% | 15.0% | ||
| Q1 25 | 14.4% | 14.5% | ||
| Q4 24 | 14.5% | 11.7% | ||
| Q3 24 | 15.6% | 13.9% | ||
| Q2 24 | 15.5% | 15.4% | ||
| Q1 24 | 14.8% | 14.0% |
| Q4 25 | 12.2% | 3.1% | ||
| Q3 25 | 11.7% | 19.0% | ||
| Q2 25 | 6.1% | 7.0% | ||
| Q1 25 | 11.0% | 9.0% | ||
| Q4 24 | 11.0% | -0.5% | ||
| Q3 24 | 11.7% | 6.9% | ||
| Q2 24 | 12.2% | 7.4% | ||
| Q1 24 | 11.3% | 6.2% |
| Q4 25 | $0.97 | $0.30 | ||
| Q3 25 | $0.97 | $1.73 | ||
| Q2 25 | $0.48 | $0.63 | ||
| Q1 25 | $0.79 | $0.77 | ||
| Q4 24 | $0.81 | $-0.05 | ||
| Q3 24 | $0.90 | $0.63 | ||
| Q2 24 | $0.92 | $0.67 | ||
| Q1 24 | $0.81 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $671.5M | $3.3B |
| Stockholders' EquityBook value | $1.5B | $1.2B |
| Total Assets | $3.0B | $7.0B |
| Debt / EquityLower = less leverage | 0.44× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.7M | $344.0M | ||
| Q3 25 | $180.4M | $282.5M | ||
| Q2 25 | $178.5M | $354.4M | ||
| Q1 25 | $189.1M | $335.2M | ||
| Q4 24 | $221.2M | $371.8M | ||
| Q3 24 | $232.7M | $386.0M | ||
| Q2 24 | $223.7M | $388.6M | ||
| Q1 24 | $193.8M | $352.8M |
| Q4 25 | $671.5M | $3.3B | ||
| Q3 25 | $630.4M | $4.0B | ||
| Q2 25 | $638.8M | $4.0B | ||
| Q1 25 | $514.7M | $4.2B | ||
| Q4 24 | $538.6M | $4.2B | ||
| Q3 24 | $483.4M | $4.3B | ||
| Q2 24 | $481.8M | $4.4B | ||
| Q1 24 | $352.0M | $4.5B |
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $953.1M | ||
| Q1 25 | $1.5B | $797.9M | ||
| Q4 24 | $1.5B | $624.5M | ||
| Q3 24 | $1.5B | $771.2M | ||
| Q2 24 | $1.5B | $650.1M | ||
| Q1 24 | $1.4B | $598.3M |
| Q4 25 | $3.0B | $7.0B | ||
| Q3 25 | $3.0B | $7.1B | ||
| Q2 25 | $3.0B | $7.2B | ||
| Q1 25 | $3.0B | $7.0B | ||
| Q4 24 | $3.0B | $7.0B | ||
| Q3 24 | $2.9B | $7.3B | ||
| Q2 24 | $2.9B | $7.3B | ||
| Q1 24 | $2.8B | $7.2B |
| Q4 25 | 0.44× | 2.65× | ||
| Q3 25 | 0.43× | 3.34× | ||
| Q2 25 | 0.44× | 4.18× | ||
| Q1 25 | 0.33× | 5.26× | ||
| Q4 24 | 0.35× | 6.72× | ||
| Q3 24 | 0.32× | 5.62× | ||
| Q2 24 | 0.32× | 6.81× | ||
| Q1 24 | 0.26× | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $111.2M | $257.7M |
| FCF MarginFCF / Revenue | 11.9% | 18.5% |
| Capex IntensityCapex / Revenue | 1.5% | 2.6% |
| Cash ConversionOCF / Net Profit | 1.10× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $403.2M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.4M | $293.6M | ||
| Q3 25 | $167.8M | $165.9M | ||
| Q2 25 | $87.7M | $136.6M | ||
| Q1 25 | $90.4M | $31.9M | ||
| Q4 24 | $72.9M | $244.2M | ||
| Q3 24 | $126.0M | $170.5M | ||
| Q2 24 | $141.5M | $188.2M | ||
| Q1 24 | $87.0M | $125.1M |
| Q4 25 | $111.2M | $257.7M | ||
| Q3 25 | $147.5M | $119.6M | ||
| Q2 25 | $73.0M | $93.2M | ||
| Q1 25 | $71.5M | $-12.0M | ||
| Q4 24 | $47.9M | $185.1M | ||
| Q3 24 | $106.2M | $115.2M | ||
| Q2 24 | $120.2M | $129.5M | ||
| Q1 24 | $65.7M | $78.0M |
| Q4 25 | 11.9% | 18.5% | ||
| Q3 25 | 15.0% | 8.9% | ||
| Q2 25 | 7.8% | 7.0% | ||
| Q1 25 | 8.2% | -0.9% | ||
| Q4 24 | 5.3% | 13.6% | ||
| Q3 24 | 11.4% | 8.6% | ||
| Q2 24 | 13.0% | 9.7% | ||
| Q1 24 | 7.5% | 5.9% |
| Q4 25 | 1.5% | 2.6% | ||
| Q3 25 | 2.1% | 3.4% | ||
| Q2 25 | 1.6% | 3.3% | ||
| Q1 25 | 2.2% | 3.5% | ||
| Q4 24 | 2.8% | 4.4% | ||
| Q3 24 | 2.1% | 4.1% | ||
| Q2 24 | 2.3% | 4.4% | ||
| Q1 24 | 2.4% | 3.6% |
| Q4 25 | 1.10× | 6.70× | ||
| Q3 25 | 1.47× | 0.65× | ||
| Q2 25 | 1.52× | 1.47× | ||
| Q1 25 | 0.94× | 0.28× | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 1.15× | 1.86× | ||
| Q2 24 | 1.25× | 1.91× | ||
| Q1 24 | 0.88× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
