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Side-by-side financial comparison of DONALDSON Co INC (DCI) and VIASAT INC (VSAT). Click either name above to swap in a different company.
VIASAT INC is the larger business by last-quarter revenue ($1.2B vs $935.4M, roughly 1.2× DONALDSON Co INC). DONALDSON Co INC runs the higher net margin — 12.2% vs 2.2%, a 10.0% gap on every dollar of revenue. On growth, DONALDSON Co INC posted the faster year-over-year revenue change (3.9% vs 3.0%). Over the past eight quarters, DONALDSON Co INC's revenue compounded faster (3.3% CAGR vs 0.3%).
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.
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
DCI vs VSAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $935.4M | $1.2B |
| Net Profit | $113.9M | $25.0M |
| Gross Margin | 35.2% | — |
| Operating Margin | 16.0% | 2.3% |
| Net Margin | 12.2% | 2.2% |
| Revenue YoY | 3.9% | 3.0% |
| Net Profit YoY | 15.1% | 115.8% |
| EPS (diluted) | $0.97 | $0.18 |
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 | $1.2B | ||
| Q3 25 | $980.7M | $1.1B | ||
| Q2 25 | $940.1M | $1.2B | ||
| Q1 25 | $870.0M | $1.1B | ||
| Q4 24 | $900.1M | $1.1B | ||
| Q3 24 | $935.4M | $1.1B | ||
| Q2 24 | $927.9M | $1.1B | ||
| Q1 24 | $876.7M | $1.2B |
| Q4 25 | $113.9M | $25.0M | ||
| Q3 25 | $114.3M | $-61.4M | ||
| Q2 25 | $57.8M | $-56.4M | ||
| Q1 25 | $95.9M | $-246.1M | ||
| Q4 24 | $99.0M | $-158.4M | ||
| Q3 24 | $109.7M | $-137.6M | ||
| Q2 24 | $113.5M | $-32.9M | ||
| Q1 24 | $98.7M | $-100.3M |
| 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% | 2.3% | ||
| Q3 25 | 15.5% | 3.1% | ||
| Q2 25 | 9.3% | 4.0% | ||
| Q1 25 | 14.4% | -13.4% | ||
| Q4 24 | 14.5% | 1.9% | ||
| Q3 24 | 15.6% | -2.2% | ||
| Q2 24 | 15.5% | 5.3% | ||
| Q1 24 | 14.8% | 0.0% |
| Q4 25 | 12.2% | 2.2% | ||
| Q3 25 | 11.7% | -5.4% | ||
| Q2 25 | 6.1% | -4.8% | ||
| Q1 25 | 11.0% | -21.5% | ||
| Q4 24 | 11.0% | -14.1% | ||
| Q3 24 | 11.7% | -12.3% | ||
| Q2 24 | 12.2% | -2.9% | ||
| Q1 24 | 11.3% | -8.7% |
| Q4 25 | $0.97 | $0.18 | ||
| Q3 25 | $0.97 | $-0.45 | ||
| Q2 25 | $0.48 | $-0.43 | ||
| Q1 25 | $0.79 | $-1.92 | ||
| Q4 24 | $0.81 | $-1.23 | ||
| Q3 24 | $0.90 | $-1.07 | ||
| Q2 24 | $0.92 | $-0.26 | ||
| Q1 24 | $0.81 | $-1.14 |
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 | $1.3B |
| Total DebtLower is stronger | $671.5M | $6.2B |
| Stockholders' EquityBook value | $1.5B | $4.6B |
| Total Assets | $3.0B | $14.9B |
| Debt / EquityLower = less leverage | 0.44× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.7M | $1.3B | ||
| Q3 25 | $180.4M | $1.2B | ||
| Q2 25 | $178.5M | $1.2B | ||
| Q1 25 | $189.1M | $1.6B | ||
| Q4 24 | $221.2M | $1.6B | ||
| Q3 24 | $232.7M | $3.5B | ||
| Q2 24 | $223.7M | $1.8B | ||
| Q1 24 | $193.8M | $1.9B |
| Q4 25 | $671.5M | $6.2B | ||
| Q3 25 | $630.4M | $6.5B | ||
| Q2 25 | $638.8M | $6.5B | ||
| Q1 25 | $514.7M | $6.5B | ||
| Q4 24 | $538.6M | $6.5B | ||
| Q3 24 | $483.4M | $6.4B | ||
| Q2 24 | $481.8M | $7.1B | ||
| Q1 24 | $352.0M | $7.1B |
| Q4 25 | $1.5B | $4.6B | ||
| Q3 25 | $1.5B | $4.5B | ||
| Q2 25 | $1.5B | $4.6B | ||
| Q1 25 | $1.5B | $4.6B | ||
| Q4 24 | $1.5B | $4.8B | ||
| Q3 24 | $1.5B | $4.9B | ||
| Q2 24 | $1.5B | $5.0B | ||
| Q1 24 | $1.4B | $5.0B |
| Q4 25 | $3.0B | $14.9B | ||
| Q3 25 | $3.0B | $14.8B | ||
| Q2 25 | $3.0B | $14.9B | ||
| Q1 25 | $3.0B | $15.4B | ||
| Q4 24 | $3.0B | $15.6B | ||
| Q3 24 | $2.9B | $17.8B | ||
| Q2 24 | $2.9B | $16.1B | ||
| Q1 24 | $2.8B | $16.3B |
| Q4 25 | 0.44× | 1.37× | ||
| Q3 25 | 0.43× | 1.44× | ||
| Q2 25 | 0.44× | 1.43× | ||
| Q1 25 | 0.33× | 1.43× | ||
| Q4 24 | 0.35× | 1.37× | ||
| Q3 24 | 0.32× | 1.30× | ||
| Q2 24 | 0.32× | 1.42× | ||
| Q1 24 | 0.26× | 1.42× |
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 | $726.9M |
| Free Cash FlowOCF − Capex | $111.2M | — |
| FCF MarginFCF / Revenue | 11.9% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.10× | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | $403.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.4M | $726.9M | ||
| Q3 25 | $167.8M | $282.2M | ||
| Q2 25 | $87.7M | $258.5M | ||
| Q1 25 | $90.4M | $298.4M | ||
| Q4 24 | $72.9M | $219.5M | ||
| Q3 24 | $126.0M | $239.2M | ||
| Q2 24 | $141.5M | $151.1M | ||
| Q1 24 | $87.0M | $232.0M |
| Q4 25 | $111.2M | — | ||
| Q3 25 | $147.5M | — | ||
| Q2 25 | $73.0M | — | ||
| Q1 25 | $71.5M | — | ||
| Q4 24 | $47.9M | — | ||
| Q3 24 | $106.2M | — | ||
| Q2 24 | $120.2M | — | ||
| Q1 24 | $65.7M | — |
| Q4 25 | 11.9% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 7.5% | — |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 2.4% | — |
| Q4 25 | 1.10× | 29.11× | ||
| 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% |
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
