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Hesai vs Nordson: revenue, profit, margins and growth compared

Hesai brought in $432.9M of revenue in fiscal 2025, Nordson $2.8B in fiscal 2025. Revenue changed by +52.1% at Hesai and +3.8% at Nordson on the year before, so Hesai grew faster. Hesai kept 14.4% of its revenue as net profit, Nordson 17.4%. Free cash flow was -$27.5M at Hesai and $661.1M at Nordson.

Side by side, latest fiscal year

HSAINDSN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (October 31, 2025)
Revenue$432.9M$2.8B
Revenue growth+52.1%+3.8%
Net income$62.3M$484.5M
Net margin14.4%17.4%
Free cash flow-$27.5M$661.1M
Free cash flow margin-6.4%23.7%
Earnings per share (diluted)$0.43$8.51
Cash$237.9M$108.4M
Debt$39.9M$2B
Price to earningsn/a38.9
Market value$306.2M$18.5B
Dividend yieldn/a0.95%
Rank by revenue in sector#351 of 587 · Industrials#198 of 587 · Industrials

Over the years

Revenue
HSAI FY2022: $174.4MHSAI FY2023: $264.4MHSAI FY2024: $284.6MHSAI FY2025: $432.9MNDSN FY2018: $2.3BNDSN FY2019: $2.2BNDSN FY2020: $2.1BNDSN FY2021: $2.4BNDSN FY2022: $2.6BNDSN FY2023: $2.6BNDSN FY2024: $2.7BNDSN FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
HSAI $432.9MNDSN $2.8B
Net income
HSAI FY2022: -$43.6MHSAI FY2023: -$67MHSAI FY2024: -$14MHSAI FY2025: $62.3MNDSN FY2018: $377.4MNDSN FY2019: $337.1MNDSN FY2020: $249.5MNDSN FY2021: $454.4MNDSN FY2022: $513.1MNDSN FY2023: $487.5MNDSN FY2024: $467.3MNDSN FY2025: $484.5MFY18FY19FY20FY21FY22FY23FY24FY25
HSAI $62.3MNDSN $484.5M
Net margin
HSAI FY2022: -25.0%HSAI FY2023: -25.4%HSAI FY2024: -4.9%HSAI FY2025: 14.4%NDSN FY2018: 16.7%NDSN FY2019: 15.4%NDSN FY2020: 11.8%NDSN FY2021: 19.2%NDSN FY2022: 19.8%NDSN FY2023: 18.5%NDSN FY2024: 17.4%NDSN FY2025: 17.4%FY18FY19FY20FY21FY22FY23FY24FY25
HSAI 14.4%NDSN 17.4%
Revenue growth
HSAI FY2023: +51.6%HSAI FY2024: +7.6%HSAI FY2025: +52.1%NDSN FY2019: -2.7%NDSN FY2020: -3.3%NDSN FY2021: +11.4%NDSN FY2022: +9.7%NDSN FY2023: +1.5%NDSN FY2024: +2.3%NDSN FY2025: +3.8%FY19FY20FY21FY22FY23FY24FY25
HSAI +52.1%NDSN +3.8%
Free cash flow
HSAI FY2022: -$134.4MHSAI FY2023: -$49.2MHSAI FY2024: -$26.9MHSAI FY2025: -$27.5MNDSN FY2018: $414.8MNDSN FY2019: $318.6MNDSN FY2020: $451.9MNDSN FY2021: $507.6MNDSN FY2022: $461.7MNDSN FY2023: $606.7MNDSN FY2024: $491.8MNDSN FY2025: $661.1MFY18FY19FY20FY21FY22FY23FY24FY25
HSAI -$27.5MNDSN $661.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hesai and Nordson

Which is bigger by revenue, Hesai or Nordson?

Nordson is bigger by revenue: $2.8B in fiscal 2025, against $432.9M for Hesai in fiscal 2025.

Which keeps more of its revenue as profit, Hesai or Nordson?

Hesai had a net margin of 14.4% in fiscal 2025; Nordson had 17.4% in fiscal 2025.

Which grew revenue faster, Hesai or Nordson?

In their latest fiscal years revenue changed by +52.1% at Hesai and +3.8% at Nordson.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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