Nordson Corporation — Earnings Quality Grade F
NDSN · Industrials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 72 days, change -4 days YoY
AR growth -1.5% vs revenue growth 3.8%
Revenue 3.8%, CFFO 29.3%. Cash follows revenue
Expense Quality
Inventory -6.7% vs COGS 4.0%. Normal
CapEx growth -9.9% vs revenue 3.8%. Normal
SG&A/Gross Profit = 53.0%. Normal
Gross margin 55.2%, change -0.1pp. Stable
Cash Flow Quality
CFFO/NI = 1.48. Profits backed by cash
FCF $0.7B, FCF/NI = 1.36
Accruals ratio = -4.0%. Low accruals
Cash $0.1B covers only 5% of debt $2.1B
Balance Sheet Health
Goodwill+Intangibles $4.0B = 131% of equity. Over 50%
Debt/EBITDA = 2.5x. Healthy
Other assets grew 51.2% vs revenue 3.8%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -1% YoY. Normal
Manipulation Score
M-Score = -2.66 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09