---
title: "Nordson Corporation: Business Model"
description: "Nordson Corporation revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/nordson-corporation/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Nordson Corporation: Business Model & Revenue Engine

## Direct Answer

Nordson Corporation reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Industrial Precisions Solutions is the largest, with $1.3 billion of revenue (48% of the total), followed by Medical Fluid Systems at $835 million (30%).

## How Does Nordson Corporation Make Money?

No single line supplies a majority of revenue: the largest, Industrial Precisions Solutions, is 48%, which spreads Nordson Corporation's exposure across several demand drivers. Between fiscal 2024 and 2025, Medical Fluid Systems grew fastest (+20.1%) and Industrial Precisions Solutions slowest (-4.8%), so the revenue mix tilts toward Medical Fluid Systems while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Industrial Precisions Solutions | $1.3 billion | $1.4 billion | 47.7% | -4.8% |
| Medical Fluid Systems | $835 million | $695 million | 29.9% | 20.1% |
| Advanced Technology Systems | $625 million | $596 million | 22.4% | 4.9% |

![Bar chart of Nordson Corporation revenue by segment for fiscal 2025: Industrial Precisions Solutions 47.7%, Medical Fluid Systems 29.9%, Advanced Technology Systems 22.4%.](https://www.getswoopr.com/images/charts/nordson-corporation-business-model-segment-mix.webp)
*Nordson Corporation revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What the Segment Figures Do Not Show

The rows above add up to 100% of Nordson Corporation's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Nordson Corporation reported in the segment note and revenue disclosures of its Form 10-K filed December 17, 2025 (accession 0000072331-25-000144), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Nordson Corporation's business segments?

In its fiscal 2025 Form 10-K, Nordson Corporation reports revenue for Industrial Precisions Solutions, Medical Fluid Systems and Advanced Technology Systems.

### Which part of Nordson Corporation brings in the most revenue?

Industrial Precisions Solutions, with $1.3 billion of revenue in fiscal 2025, or 48% of the total.

### Where does Nordson Corporation report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed December 17, 2025, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: NORDSON CORP Form 10-K filed December 17, 2025](https://www.sec.gov/Archives/edgar/data/72331/000007233125000144/ndsn-20251031.htm)
- [SEC EDGAR: NORDSON CORP annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=72331&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

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