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Semicap·NDSN

Nordson Corporation

NASDAQ · US

Precision dispensing, test, inspection, and advanced technology equipment supplier across electronics and semiconductor markets.

AI relevance

Advanced packaging, dispensing, and inspection exposure for AI hardware manufacturing.

Semicap Packaging

Price

$332.40

Change

-2.30 (-0.69%)

Market cap

$18.5B

52w range

$220–$338

Exchange

NASDAQ

Country

Jason's Chips

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Price chart

NDSN market performance

Daily close for Nordson Corporation

Latest close: $332.4
Range move: +$112.5 (+51.1%)
Range high: $334.7
Range low: $219.9
Latest volume: 384.7K
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

69 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetBuy

Analyst expectations

Consensus target

$345.20

+3.9%

Target range

$300.00 - $370.00

Rating mix

Buy

21 ratings

Next FY revenue

$3.01B

2026-10-31

Next FY EPS

$11.74

$11.65 - $11.84

Rating consensus21 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-10-31	$3.01B	$2.98B - $3.02B	$11.74	$11.65 - $11.84	$940.7M	$765.8M	$664.0M	$865.0M	4 rev / 4 EPS
2027-10-31	$3.18B	$3.17B - $3.19B	$12.74	$12.47 - $13.03	$992.4M	$807.9M	$712.8M	$912.6M	6 rev / 5 EPS
2028-10-31	$3.31B	$3.23B - $3.46B	$13.67	$13.01 - $14.33	$1.03B	$842.5M	$777.5M	$951.7M	3 rev / 2 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-10-31	$806.9M	$803.3M - $810.5M	$3.35	$3.33 - $3.36	$251.9M	$205.1M	$187.5M	$231.7M	3 rev / 4 EPS
2027-01-31	$703.0M	$698.8M - $711.1M	$2.58	$2.56 - $2.62	$219.5M	$178.7M	$144.5M	$201.8M	2 rev / 2 EPS
2027-04-30	$776.5M	$771.9M - $785.5M	$3.06	$3.04 - $3.11	$242.5M	$197.4M	$171.7M	$223.0M	1 rev / 1 EPS
2027-07-31	$830.0M	$825.1M - $839.6M	$3.40	$3.37 - $3.45	$259.2M	$211.0M	$190.5M	$238.3M	1 rev / 1 EPS
2027-10-31	$844.8M	$839.7M - $854.5M	$3.60	$3.57 - $3.65	$263.8M	$214.7M	$201.4M	$242.5M	1 rev / 1 EPS
2028-01-31	$730.7M	$726.3M - $739.1M	$2.70	$2.67 - $2.74	$228.1M	$185.7M	$151.0M	$209.8M	1 rev / 1 EPS
2028-04-30	$805.3M	$800.5M - $814.6M	$3.27	$3.25 - $3.32	$251.4M	$204.7M	$183.3M	$231.2M	1 rev / 1 EPS
2028-07-31	$845.7M	$840.6M - $855.5M	$3.60	$3.57 - $3.66	$264.1M	$215.0M	$201.8M	$242.8M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	3	$360.33
Last quarter	5	$352.20
Last year	18	$307.89
All time	28	$294.89

Sources: StreetInsider, Benzinga, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-08-21	Oppenheimer	Maintain	Outperform	Outperform
2026-08-21	Baird	Maintain	Neutral	Neutral
2026-08-20	DA Davidson	Maintain	Buy	Buy
2026-08-20	Keybanc	Maintain	Overweight	Overweight
2026-05-29	Oppenheimer	Maintain	Outperform	Outperform
2026-05-27	DA Davidson	Maintain	Buy	Buy
2026-05-22	BNP Paribas	Maintain	Neutral	Neutral
2026-05-21	DA Davidson	Maintain	Buy	Buy

Historical rating snapshots

Date	Buy	Hold	Strong sell
2026-08-01	4	3	1
2026-07-01	5	3	1
2026-06-01	5	4	1
2026-05-01	5	4	0
2026-04-01	5	4	0
2026-03-01	6	4	1
2026-02-01	6	5	1
2026-01-01	6	5	0

FinancialsFY 2025

Financials

Revenue

$2.79B

Gross margin

55.2%

Operating income

$724.3M

Free cash flow

$661.1M

Cash + ST investments

$108.4M

Net debt

$2.05B

ROE

15.9%

ROIC

10.7%

EV / sales

5.4x

EV / EBITDA

17.9x

R&D / revenue

2.4%

Current ratio

1.6x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$2.79B	$1.54B	55.2%	$68.2M	$724.3M	$849.3M	$484.5M	$8.56
FY 2024	$2.69B	$1.49B	55.2%	$65.0M	$674.0M	$810.6M	$467.3M	$8.17
FY 2023	$2.63B	$1.43B	54.2%	$71.4M	$672.8M	$786.7M	$487.5M	$8.54
FY 2022	$2.59B	$1.43B	55.1%	$52.5M	$702.4M	$771.6M	$513.1M	$8.90
FY 2021	$2.36B	$1.32B	56.1%	$59.4M	$615.1M	$703.5M	$454.4M	$7.82
FY 2020	$2.12B	$1.13B	53.3%	$0	$349.5M	$447.0M	$249.5M	$4.32
FY 2019	$2.19B	$1.19B	54.3%	$0	$483.1M	$588.5M	$337.1M	$5.87
FY 2018	$2.25B	$1.24B	54.8%	$0	$502.6M	$606.5M	$377.4M	$6.51
FY 2017	$2.07B	$1.14B	55.1%	$0	$466.4M	$547.7M	$295.8M	$5.14
FY 2016	$1.81B	$993.5M	54.9%	$0	$388.4M	$460.1M	$271.8M	$4.76
FY 2015	$1.69B	$914.0M	54.1%	$0	$317.7M	$384.2M	$211.1M	$3.48
FY 2014	$1.70B	$945.1M	55.5%	$0	$367.1M	$427.3M	$246.8M	$3.88

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$719.2M	$58.1M	$661.1M
FY 2024	$556.2M	$64.4M	$491.8M
FY 2023	$641.3M	$34.6M	$606.7M
FY 2022	$513.1M	$51.4M	$461.7M
FY 2021	$545.9M	$38.3M	$507.6M
FY 2020	$502.4M	$50.5M	$451.9M
FY 2019	$382.9M	$64.2M	$318.6M
FY 2018	$504.6M	$89.8M	$414.8M
FY 2017	$349.7M	$71.6M	$278.1M
FY 2016	$331.2M	$60.9M	$270.3M
FY 2015	$262.0M	$62.1M	$199.9M
FY 2014	$288.2M	$43.6M	$244.6M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$108.4M	$587.8M	$444.8M	$594.4M	$5.92B	$2.16B	$2.05B	$2.87B	$3.04B
FY 2024	$116.0M	$594.7M	$476.9M	$638.2M	$6.00B	$2.40B	$2.29B	$3.07B	$2.93B
FY 2023	$115.7M	$590.9M	$454.8M	$499.0M	$5.25B	$1.96B	$1.84B	$2.65B	$2.60B
FY 2022	$163.5M	$537.3M	$383.4M	$455.7M	$3.82B	$951.2M	$787.8M	$1.53B	$2.29B
FY 2021	$300.0M	$489.4M	$327.2M	$466.4M	$3.79B	$1.05B	$749.3M	$1.63B	$2.16B
FY 2020	$208.3M	$471.9M	$277.0M	$480.7M	$3.67B	$1.36B	$1.15B	$1.92B	$1.76B
FY 2019	$151.2M	$530.8M	$283.4M	$398.9M	$3.52B	$1.26B	$1.11B	$1.94B	$1.58B
FY 2018	$95.7M	$491.4M	$264.5M	$386.7M	$3.42B	$1.33B	$1.23B	$1.97B	$1.45B
FY 2017	$90.4M	$505.1M	$264.3M	$346.4M	$3.41B	$1.60B	$1.51B	$2.26B	$1.16B
FY 2016	$67.2M	$428.6M	$220.4M	$273.1M	$2.42B	$997.2M	$929.9M	$1.57B	$851.6M
FY 2015	$50.3M	$389.6M	$225.7M	$249.9M	$2.36B	$1.13B	$1.08B	$1.70B	$660.0M
FY 2014	$42.3M	$365.8M	$210.9M	$224.4M	$2.28B	$815.9M	$773.6M	$1.38B	$904.8M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	55.2%	25.9%	17.4%	1.6x	1.1x	15.9%	10.7%	5.4x	17.9x	5.0%	2.4%	171d
FY 2024	55.2%	25.1%	17.4%	2.4x	1.5x	15.9%	9.6%	6.2x	20.4x	3.4%	2.4%	196d
FY 2023	54.2%	25.6%	18.5%	2.1x	1.3x	18.8%	11.1%	5.3x	17.8x	5.0%	2.7%	188d
FY 2022	55.1%	27.1%	19.8%	1.4x	0.9x	22.4%	16.3%	5.3x	17.8x	3.6%	2.0%	165d
FY 2021	56.1%	26.0%	19.2%	2.6x	1.9x	21.0%	14.3%	6.7x	22.4x	3.4%	2.5%	158d
FY 2020	53.3%	16.5%	11.8%	2.8x	2.0x	14.2%	8.6%	5.8x	27.6x	4.0%	0.0%	157d
FY 2019	54.3%	22.0%	15.4%	2.1x	1.5x	21.3%	11.8%	4.6x	17.2x	3.5%	0.0%	161d
FY 2018	54.8%	22.3%	16.7%	2.5x	1.8x	26.0%	13.6%	3.7x	13.8x	5.8%	0.0%	144d
FY 2017	55.1%	22.6%	14.3%	1.4x	1.0x	25.6%	10.6%	4.3x	16.1x	3.8%	0.0%	159d
FY 2016	54.9%	21.5%	15.0%	2.2x	1.6x	31.9%	13.4%	3.7x	14.4x	4.7%	0.0%	151d
FY 2015	54.1%	18.8%	12.5%	2.4x	1.7x	32.0%	10.6%	3.2x	14.1x	4.6%	0.0%	158d
FY 2014	55.5%	21.5%	14.5%	1.8x	1.2x	27.3%	12.7%	3.3x	13.2x	5.0%	0.0%	147d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+3.8%	+3.6%	+5.0%	+7.5%	+3.7%	+4.8%	+34.4%	+9.9%	-6.5%	-6.7%	-1.4%	-10.2%
FY 2024	+2.3%	+4.3%	-9.0%	+0.2%	-4.1%	-4.3%	-18.9%	-86.2%	+0.2%	+4.9%	+14.3%	+22.8%
FY 2023	+1.5%	-0.1%	+35.9%	-4.2%	-5.0%	-4.0%	+31.4%	+32.8%	-29.2%	+18.6%	+37.5%	+105.6%
FY 2022	+9.7%	+7.7%	-11.6%	+14.2%	+12.9%	+13.8%	-9.0%	-34.3%	-45.5%	+17.2%	+0.8%	-9.3%
FY 2021	+11.4%	+17.1%	0.0%	+76.0%	+82.1%	+81.0%	+12.3%	+24.2%	+44.0%	+18.1%	+3.2%	-22.7%
FY 2020	-3.3%	-5.2%	0.0%	-27.6%	-26.0%	-26.4%	+41.8%	+21.3%	+37.8%	-2.2%	+4.5%	+7.9%
FY 2019	-2.7%	-3.5%	0.0%	-3.9%	-10.7%	-9.8%	-23.2%	+28.5%	+58.0%	+7.2%	+2.8%	-5.2%
FY 2018	+9.1%	+8.5%	0.0%	+7.8%	+27.6%	+26.7%	+49.2%	-25.5%	+5.9%	+0.1%	+0.2%	-16.9%
FY 2017	+14.3%	+14.6%	0.0%	+20.1%	+8.8%	+8.0%	+2.9%	-17.6%	+34.4%	+19.9%	+41.0%	+60.2%
FY 2016	+7.1%	+8.7%	0.0%	+22.3%	+28.8%	+36.8%	+35.2%	+2.0%	+33.8%	-2.4%	+2.6%	-11.8%
FY 2015	-0.9%	-3.3%	0.0%	-13.4%	-14.5%	-10.3%	-18.3%	-42.5%	+18.8%	+7.0%	+3.5%	+38.6%
FY 2014	+10.4%	+9.1%	0.0%	+13.4%	+11.3%	+12.5%	+10.6%	+7.7%	-0.1%	+6.3%	+11.6%	+22.1%

SegmentsFY 2024

Revenue Mix

Period	Total	Advanced Technology Systems	Adhesive Dispensing Systems	Industrial Precision Solutions	Medical And Fluid Solutions	Industrial Coating Systems
FY 2024	$2.69B	$510.2M	--	$1.48B	$695.5M	--
FY 2023	$2.63B	$577.3M	--	$1.39B	$660.3M	--
FY 2022	$2.59B	$562.9M	--	$1.34B	$690.2M	--
FY 2021	$2.36B	$1.12B	$1.25B	--	--	--
FY 2020	$2.12B	$977.7M	$1.14B	--	--	--
FY 2019	$2.19B	$985.9M	$950.9M	--	--	$257.5M
FY 2018	$2.25B	$1.04B	$955.2M	--	--	$260.1M
FY 2017	$2.07B	$897.6M	$916.0M	--	--	$253.3M
FY 2016	$1.81B	$676.3M	$879.6M	--	--	$253.1M
FY 2015	$1.69B	$593.9M	$836.1M	--	--	$258.7M
FY 2014	$1.70B	$561.8M	$899.7M	--	--	$242.5M
FY 2013	$1.54B	$516.3M	$793.5M	--	--	$233.2M

Period	Total	Asia Pacific Excluding Japan	Europe	Americas Excluding Us	UNITED STATES	U S	JAPAN	J P
FY 2024	$2.69B	$785.2M	$726.1M	$1.18B	--	--	--	--
FY 2023	$2.63B	$796.2M	$682.7M	$1.15B	--	--	--	--
FY 2022	$2.59B	$848.1M	$645.6M	$1.10B	--	--	--	--
FY 2021	$2.36B	$668.0M	$617.5M	$179.8M	$789.3M	--	$107.6M	--
FY 2020	$2.12B	$560.7M	$536.6M	$141.5M	$755.6M	--	$126.6M	--
FY 2019	$2.19B	$569.8M	$571.6M	$167.7M	$758.4M	--	$126.8M	--
FY 2018	$2.25B	$591.1M	$622.1M	$158.8M	$720.8M	--	$161.8M	--
FY 2017	$2.07B	$594.3M	$530.8M	$147.0M	$647.7M	--	$147.2M	--
FY 2016	$1.81B	$527.3M	$503.9M	$124.7M	$531.1M	--	$122.1M	--
FY 2015	$1.69B	$459.1M	$462.6M	$129.3M	--	$529.9M	--	$107.8M
FY 2014	$1.70B	$457.7M	$494.5M	$121.0M	$503.8M	--	$127.1M	--
FY 2013	$1.54B	$408.8M	$416.7M	$123.7M	--	$465.8M	--	$127.9M

Transcripts

Events

Next earnings

2026-12-09EPS est $3.33

Recent filings

10-Q2026-08-20
8-K2026-08-19
42026-08-03

Latest news

NDSN Q3 Earnings Beat Estimates on Broad Organic Growth
Zacks Investment Research · 2026-08-21
These Analysts Boost Their Forecasts On Nordson After Q3 Earnings
Benzinga · 2026-08-21

Analyst expectations

Consensus target

$345.20

+3.9%

Target range

$300.00 - $370.00

Rating mix

Buy

21 ratings

Next FY revenue

$3.01B

2026-10-31

Next FY EPS

$11.74

$11.65 - $11.84

Rating consensus21 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-10-31	$3.01B	$2.98B - $3.02B	$11.74	$11.65 - $11.84	$940.7M	$765.8M	$664.0M	$865.0M	4 rev / 4 EPS
2027-10-31	$3.18B	$3.17B - $3.19B	$12.74	$12.47 - $13.03	$992.4M	$807.9M	$712.8M	$912.6M	6 rev / 5 EPS
2028-10-31	$3.31B	$3.23B - $3.46B	$13.67	$13.01 - $14.33	$1.03B	$842.5M	$777.5M	$951.7M	3 rev / 2 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-10-31	$806.9M	$803.3M - $810.5M	$3.35	$3.33 - $3.36	$251.9M	$205.1M	$187.5M	$231.7M	3 rev / 4 EPS
2027-01-31	$703.0M	$698.8M - $711.1M	$2.58	$2.56 - $2.62	$219.5M	$178.7M	$144.5M	$201.8M	2 rev / 2 EPS
2027-04-30	$776.5M	$771.9M - $785.5M	$3.06	$3.04 - $3.11	$242.5M	$197.4M	$171.7M	$223.0M	1 rev / 1 EPS
2027-07-31	$830.0M	$825.1M - $839.6M	$3.40	$3.37 - $3.45	$259.2M	$211.0M	$190.5M	$238.3M	1 rev / 1 EPS
2027-10-31	$844.8M	$839.7M - $854.5M	$3.60	$3.57 - $3.65	$263.8M	$214.7M	$201.4M	$242.5M	1 rev / 1 EPS
2028-01-31	$730.7M	$726.3M - $739.1M	$2.70	$2.67 - $2.74	$228.1M	$185.7M	$151.0M	$209.8M	1 rev / 1 EPS
2028-04-30	$805.3M	$800.5M - $814.6M	$3.27	$3.25 - $3.32	$251.4M	$204.7M	$183.3M	$231.2M	1 rev / 1 EPS
2028-07-31	$845.7M	$840.6M - $855.5M	$3.60	$3.57 - $3.66	$264.1M	$215.0M	$201.8M	$242.8M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	3	$360.33
Last quarter	5	$352.20
Last year	18	$307.89
All time	28	$294.89

Sources: StreetInsider, Benzinga, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-08-21	Oppenheimer	Maintain	Outperform	Outperform
2026-08-21	Baird	Maintain	Neutral	Neutral
2026-08-20	DA Davidson	Maintain	Buy	Buy
2026-08-20	Keybanc	Maintain	Overweight	Overweight
2026-05-29	Oppenheimer	Maintain	Outperform	Outperform
2026-05-27	DA Davidson	Maintain	Buy	Buy
2026-05-22	BNP Paribas	Maintain	Neutral	Neutral
2026-05-21	DA Davidson	Maintain	Buy	Buy

Historical rating snapshots

Date	Buy	Hold	Strong sell
2026-08-01	4	3	1
2026-07-01	5	3	1
2026-06-01	5	4	1
2026-05-01	5	4	0
2026-04-01	5	4	0
2026-03-01	6	4	1
2026-02-01	6	5	1
2026-01-01	6	5	0

Financials

Revenue

$2.79B

Gross margin

55.2%

Operating income

$724.3M

Free cash flow

$661.1M

Cash + ST investments

$108.4M

Net debt

$2.05B

ROE

15.9%

ROIC

10.7%

EV / sales

5.4x

EV / EBITDA

17.9x

R&D / revenue

2.4%

Current ratio

1.6x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$2.79B	$1.54B	55.2%	$68.2M	$724.3M	$849.3M	$484.5M	$8.56
FY 2024	$2.69B	$1.49B	55.2%	$65.0M	$674.0M	$810.6M	$467.3M	$8.17
FY 2023	$2.63B	$1.43B	54.2%	$71.4M	$672.8M	$786.7M	$487.5M	$8.54
FY 2022	$2.59B	$1.43B	55.1%	$52.5M	$702.4M	$771.6M	$513.1M	$8.90
FY 2021	$2.36B	$1.32B	56.1%	$59.4M	$615.1M	$703.5M	$454.4M	$7.82
FY 2020	$2.12B	$1.13B	53.3%	$0	$349.5M	$447.0M	$249.5M	$4.32
FY 2019	$2.19B	$1.19B	54.3%	$0	$483.1M	$588.5M	$337.1M	$5.87
FY 2018	$2.25B	$1.24B	54.8%	$0	$502.6M	$606.5M	$377.4M	$6.51
FY 2017	$2.07B	$1.14B	55.1%	$0	$466.4M	$547.7M	$295.8M	$5.14
FY 2016	$1.81B	$993.5M	54.9%	$0	$388.4M	$460.1M	$271.8M	$4.76
FY 2015	$1.69B	$914.0M	54.1%	$0	$317.7M	$384.2M	$211.1M	$3.48
FY 2014	$1.70B	$945.1M	55.5%	$0	$367.1M	$427.3M	$246.8M	$3.88

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$719.2M	$58.1M	$661.1M
FY 2024	$556.2M	$64.4M	$491.8M
FY 2023	$641.3M	$34.6M	$606.7M
FY 2022	$513.1M	$51.4M	$461.7M
FY 2021	$545.9M	$38.3M	$507.6M
FY 2020	$502.4M	$50.5M	$451.9M
FY 2019	$382.9M	$64.2M	$318.6M
FY 2018	$504.6M	$89.8M	$414.8M
FY 2017	$349.7M	$71.6M	$278.1M
FY 2016	$331.2M	$60.9M	$270.3M
FY 2015	$262.0M	$62.1M	$199.9M
FY 2014	$288.2M	$43.6M	$244.6M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$108.4M	$587.8M	$444.8M	$594.4M	$5.92B	$2.16B	$2.05B	$2.87B	$3.04B
FY 2024	$116.0M	$594.7M	$476.9M	$638.2M	$6.00B	$2.40B	$2.29B	$3.07B	$2.93B
FY 2023	$115.7M	$590.9M	$454.8M	$499.0M	$5.25B	$1.96B	$1.84B	$2.65B	$2.60B
FY 2022	$163.5M	$537.3M	$383.4M	$455.7M	$3.82B	$951.2M	$787.8M	$1.53B	$2.29B
FY 2021	$300.0M	$489.4M	$327.2M	$466.4M	$3.79B	$1.05B	$749.3M	$1.63B	$2.16B
FY 2020	$208.3M	$471.9M	$277.0M	$480.7M	$3.67B	$1.36B	$1.15B	$1.92B	$1.76B
FY 2019	$151.2M	$530.8M	$283.4M	$398.9M	$3.52B	$1.26B	$1.11B	$1.94B	$1.58B
FY 2018	$95.7M	$491.4M	$264.5M	$386.7M	$3.42B	$1.33B	$1.23B	$1.97B	$1.45B
FY 2017	$90.4M	$505.1M	$264.3M	$346.4M	$3.41B	$1.60B	$1.51B	$2.26B	$1.16B
FY 2016	$67.2M	$428.6M	$220.4M	$273.1M	$2.42B	$997.2M	$929.9M	$1.57B	$851.6M
FY 2015	$50.3M	$389.6M	$225.7M	$249.9M	$2.36B	$1.13B	$1.08B	$1.70B	$660.0M
FY 2014	$42.3M	$365.8M	$210.9M	$224.4M	$2.28B	$815.9M	$773.6M	$1.38B	$904.8M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	55.2%	25.9%	17.4%	1.6x	1.1x	15.9%	10.7%	5.4x	17.9x	5.0%	2.4%	171d
FY 2024	55.2%	25.1%	17.4%	2.4x	1.5x	15.9%	9.6%	6.2x	20.4x	3.4%	2.4%	196d
FY 2023	54.2%	25.6%	18.5%	2.1x	1.3x	18.8%	11.1%	5.3x	17.8x	5.0%	2.7%	188d
FY 2022	55.1%	27.1%	19.8%	1.4x	0.9x	22.4%	16.3%	5.3x	17.8x	3.6%	2.0%	165d
FY 2021	56.1%	26.0%	19.2%	2.6x	1.9x	21.0%	14.3%	6.7x	22.4x	3.4%	2.5%	158d
FY 2020	53.3%	16.5%	11.8%	2.8x	2.0x	14.2%	8.6%	5.8x	27.6x	4.0%	0.0%	157d
FY 2019	54.3%	22.0%	15.4%	2.1x	1.5x	21.3%	11.8%	4.6x	17.2x	3.5%	0.0%	161d
FY 2018	54.8%	22.3%	16.7%	2.5x	1.8x	26.0%	13.6%	3.7x	13.8x	5.8%	0.0%	144d
FY 2017	55.1%	22.6%	14.3%	1.4x	1.0x	25.6%	10.6%	4.3x	16.1x	3.8%	0.0%	159d
FY 2016	54.9%	21.5%	15.0%	2.2x	1.6x	31.9%	13.4%	3.7x	14.4x	4.7%	0.0%	151d
FY 2015	54.1%	18.8%	12.5%	2.4x	1.7x	32.0%	10.6%	3.2x	14.1x	4.6%	0.0%	158d
FY 2014	55.5%	21.5%	14.5%	1.8x	1.2x	27.3%	12.7%	3.3x	13.2x	5.0%	0.0%	147d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+3.8%	+3.6%	+5.0%	+7.5%	+3.7%	+4.8%	+34.4%	+9.9%	-6.5%	-6.7%	-1.4%	-10.2%
FY 2024	+2.3%	+4.3%	-9.0%	+0.2%	-4.1%	-4.3%	-18.9%	-86.2%	+0.2%	+4.9%	+14.3%	+22.8%
FY 2023	+1.5%	-0.1%	+35.9%	-4.2%	-5.0%	-4.0%	+31.4%	+32.8%	-29.2%	+18.6%	+37.5%	+105.6%
FY 2022	+9.7%	+7.7%	-11.6%	+14.2%	+12.9%	+13.8%	-9.0%	-34.3%	-45.5%	+17.2%	+0.8%	-9.3%
FY 2021	+11.4%	+17.1%	0.0%	+76.0%	+82.1%	+81.0%	+12.3%	+24.2%	+44.0%	+18.1%	+3.2%	-22.7%
FY 2020	-3.3%	-5.2%	0.0%	-27.6%	-26.0%	-26.4%	+41.8%	+21.3%	+37.8%	-2.2%	+4.5%	+7.9%
FY 2019	-2.7%	-3.5%	0.0%	-3.9%	-10.7%	-9.8%	-23.2%	+28.5%	+58.0%	+7.2%	+2.8%	-5.2%
FY 2018	+9.1%	+8.5%	0.0%	+7.8%	+27.6%	+26.7%	+49.2%	-25.5%	+5.9%	+0.1%	+0.2%	-16.9%
FY 2017	+14.3%	+14.6%	0.0%	+20.1%	+8.8%	+8.0%	+2.9%	-17.6%	+34.4%	+19.9%	+41.0%	+60.2%
FY 2016	+7.1%	+8.7%	0.0%	+22.3%	+28.8%	+36.8%	+35.2%	+2.0%	+33.8%	-2.4%	+2.6%	-11.8%
FY 2015	-0.9%	-3.3%	0.0%	-13.4%	-14.5%	-10.3%	-18.3%	-42.5%	+18.8%	+7.0%	+3.5%	+38.6%
FY 2014	+10.4%	+9.1%	0.0%	+13.4%	+11.3%	+12.5%	+10.6%	+7.7%	-0.1%	+6.3%	+11.6%	+22.1%

Revenue Mix