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Dover Corp. (DOV)

Dover is a diversified global manufacturer supplying equipment and components, consumable supplies, aftermarket parts, software and support services through five operating segments. It was incorporated in Delaware in 1947, became a publicly traded company in 1955, is headquartered in Downers Grove, Illinois and employs approximately 24,000 people worldwide. The segments are grouped around businesses with similar models, routes to market, product categories and manufacturing practices. In October 2024 the company sold Environmental Solutions Group, an operating company inside Engineered Products, and reports its earlier results as discontinued operations.

Dover Corp.

Dover is a diversified global manufacturer supplying equipment and components, consumable supplies, aftermarket parts, software and support services through five operating segments. It was incorporated in Delaware in 1947, became a publicly traded company in 1955, is headquartered in Downers Grove, Illinois and employs approximately 24,000 people worldwide. The segments are grouped around businesses with similar models, routes to market, product categories and manufacturing practices. In October 2024 the company sold Environmental Solutions Group, an operating company inside Engineered Products, and reports its earlier results as discontinued operations.

Engineered Products

The segment supplies equipment, components, software and services across aftermarket vehicle service, aerospace and defence, industrial winch and hoist, precision soldering and fluid dispensing. The vehicle service business sells equipment, software and services for vehicle repair and maintenance, including light and heavy-duty lifts, wheel service equipment, diagnostics and collision repair. The winch and hoist business sells winches, hoists, bearings, drives and electric monitoring systems into infrastructure and industrial markets, and the aerospace and defence business supplies radio frequency and microwave filters and switches plus signals intelligence systems for secure communications. Bench top soldering and fluid dispensing for electronics and industrial product assembly sits here too.

Clean Energy and Fueling

The segment supplies components, equipment, software and services for the storage, transport, dispensing and remote monitoring of traditional and cleaner fuels, cryogenic gases and other hazardous substances, and for running convenience retail, fuelling and vehicle wash sites. Products include dispensing equipment and components for petrol, compressed natural gas, liquefied natural gas and hydrogen fuelling sites, electric vehicle charging stations, payment systems, underground containment systems, vehicle wash systems, and software for asset tracking and monitoring. Manufacturing sits mainly in North America, Europe, Asia and South America, with sales direct and through distributors.

Imaging and Identification

The segment supplies precision marking and coding, product traceability, brand protection and digital textile printing equipment, with the consumables, software and services that go with them. The marking and coding businesses make equipment and consumables for printing variable information such as bar codes, dates and serial numbers on fast-moving consumer goods, provide serialisation for pharmaceutical customers, and build traceability systems for food and product safety and brand protection. The digital printing businesses sell equipment, software, consumables and services into textile, apparel, soft signage and specialty materials markets, on a model of an initial equipment sale followed by aftermarket consumables, software and service.

Pumps and Process Solutions

The segment makes specialty pumps and flow meters, single-use pumps, fluid transfer connectors, plastics and polymers processing equipment, measurement and inspection technologies, precision components, and controls for rotating and reciprocating machinery. End markets include biopharma, thermal management such as liquid cooling of server racks and chips in data centres, plastics and polymers processing, wire and cable, chemicals, food, medical, transportation, petroleum refining, natural gas compression and power generation. The products are mostly components or parts of larger equipment and production systems, often specified by end customers or by regulation, sold into fragmented customer bases with heavy aftermarket demand.

Climate and Sustainability Technologies

The segment serves commercial refrigeration, heating and cooling, and aluminium can-making. The refrigeration business makes refrigeration systems including carbon dioxide systems, display cases and commercial glass refrigerator and freezer doors for food retail and industrial use. The heat exchanger business makes brazed plate heat exchangers for residential climate control including heat pumps and for industrial heating and cooling, with a growing market in data centres. The third business designs and makes machinery and spare parts for aluminium can-making and supplies turnkey can line systems. Customers are mainly supermarkets, big-box retail and convenience stores, the commercial and industrial refrigeration and air conditioning industry, food production and can-making.

Inputs and acquisitions

Raw materials are mostly metals and semi-processed or finished components, generally available from several sources, so losing any single supplier has not had a material effect on operating profits at group level. Commodity pricing can be volatile, particularly for steel, copper and aluminium, and the company manages that with index-based contracts with suppliers and customers. Acquisitions target add-on businesses that fit the existing platforms and extend their reach, product mix, end markets or technical capability; fourteen businesses were bought over the three years to 2025.

From Dover's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Dover became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 22 October 2026
Revenue
$2.2 billion
+7.5% on the year · +2.0% on the quarter
Q4 FY2024Q3 FY2026
Net income
$333 million
+10.4% on the year · +6.8% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$2.47
+12.8% on the year · +7.4% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 13 February 2026
Revenue
$8.1 billion
+4.5% on the year
FY2018FY2025
Net income
$1.1 billion
-59.4% on the year
FY2018FY2025
Diluted EPS
$7.94
-59.2% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsDover (DOV) reported revenue of $8.1 billion for fiscal 2025, the year ended 31 December 2025, up 4.5% on the year before. Net income was $1.1 billion and diluted earnings per share $7.94. Revenue was $7.7 billion in fiscal 2024, $7.7 billion in fiscal 2023, $7.8 billion in fiscal 2022 and $7.9 billion in fiscal 2021. Net income in the same years was $2.7 billion, $1.1 billion, $1.1 billion and $1.1 billion. Over the twelve months to 30 September 2026, Dover reported revenue of $8.6 billion and net income of $1.2 billion. Revenue grew 3.9% a year, compounded, over the five years to fiscal 2025. Dover declared $2.08 a share in dividends over the last four quarters and had 133 million shares outstanding at the latest filed count. At 30 September 2026 it carried $3.3 billion of debt and $1.7 billion of cash. At the close of 6 November 2026 the market cap of Dover was $27.1 billion, 23.9 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE15.3%
ROCE13.4%
Operating margin17.0%
Net margin13.6%
FCF marginn/a
Interest cover12.7x
Debt to equity0.43x
Cash conversionn/a
Share count, last 12 months-3.0%
Sales CAGR, 3 years1.0%
Profit CAGR, 3 years0.9%
EPS, TTM$8.53

At the close of 6 November 2026

Price$203.74
Market cap$27.1 billion
Stock P/E23.9x
Price to book3.5x
EV / EBITDA15.5x
Dividend yield1.0%
Market cap / sales3.2x
52-week high$233.31
52-week low$178.03
Price, 1 year14.1%
Price CAGR, 3 years16.0%
Price CAGR, 5 years3.5%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Dover Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
DOVgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023 †Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024Q4 FY2024 * †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,9892,0522,1592,1582,1392,0792,1001,9582,1061,8841,9491,9841,9301,8662,0502,0782,0992,0542,1902,234
Cost of revenue1,2681,3091,3771,3861,3731,3321,3411,2191,3201,1871,1961,2201,1841,1211,2311,2441,2781,2551,3091,330
Gross profit721743781773766747759739786697753763746746818834821798881903
Gross margin36%36%36%36%36%36%36%38%37%37%39%38%39%40%40%40%39%39%40%40%
SG&A439444424402414432434403431443429430451449464456476492489484
Operating income283299357370353315324337354254323334295296355377345306392419
Operating margin14%15%17%17%16%15%15%17%17%13%17%17%15%16%17%18%16%15%18%19%
Interest expense26.426.627.029.833.134.233.832.430.936.432.434.128.327.626.827.228.129.529.128.9
Pre-tax income461276335353323286300318329799353386219n/an/an/an/an/an/an/a
Tax rate21%18%14%19%19%20%19%18%10%20%17%19%30%n/an/an/an/an/an/an/a
Net income3632262902862642292422902966322823471,436231279302282238312333
Net margin18%11%13%13%12%11%12%15%14%34%14%17%74%12%14%15%13%12%14%15%
Diluted EPS$2.50$1.56$2.00$2.00$1.87$1.63$1.72$2.06$2.11$4.52$2.04$2.51$10.38$1.67$2.02$2.19$2.01$1.75$2.30$2.47
Operating cash flow32723.7179265339241195383516167204n/an/an/an/an/an/an/an/an/a
Capital expenditure50.350.450.265.554.948.440.143.161.044.540.928.353.948.260.954.157.059.847.855.4
Free cash flow277-26.7129199284193155340455122163n/an/an/an/an/an/an/an/an/a
Buybacks0.00.085.05000.00.00.00.00.05000.00.00.040.70.00.050053.90.0332
Dividends paid72.172.271.972.670.970.870.771.471.471.470.270.770.871.470.671.269.870.470.070.3
Shares outstanding144m144m144m140m140m140m140m140m140m137m137m137m137m137m137m137m135m135m135m133m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue7,3177,5695,3446,1107,3696,6277,1557,7536,9566,0436,8216,9927,1366,6847,9077,8447,6847,7468,0938,577
Cost of revenue4,6984,8393,3313,6874,5244,0474,3774,7784,3883,8164,2924,4334,5154,2104,9374,9394,8174,7874,8745,174
Gross profit2,6202,7302,0132,4232,8452,5802,7792,9742,5682,2282,5292,5602,6212,4742,9702,9052,8682,9593,2183,403
Gross margin35.8%36.1%37.7%39.7%38.6%38.9%38.8%38.4%36.9%36.9%37.1%36.6%36.7%37.0%37.6%37.0%37.3%38.2%39.8%39.7%
Research and developmentn/a189172159176124117118115116131143141142158151139150165n/a
Selling, general and administrative1,6141,7011,4221,5001,7211,5211,6171,7591,6471,5191,7221,7161,5991,5411,6881,6251,6481,7521,8451,941
Operating income1,0051,0295919231,1241,0591,1621,2159217098078439759331,2821,2801,2191,2061,3731,462
Operating margin13.7%13.6%11.1%15.1%15.3%16.0%16.2%15.7%13.2%11.7%11.8%12.1%13.7%14.0%16.2%16.3%15.9%15.6%17.0%17.0%
Interest expensen/a130116115n/an/an/a132132136145131126112106116131131110116
Pre-tax income9129464948131,0109311,0461,0948016858767258438421,4011,1901,1231,7571,374n/a
Income tax243251121194237281248316205183129134165158277200179357277285
Effective tax rate26.6%26.6%24.5%23.8%23.5%30.2%23.8%28.9%25.6%26.7%14.7%18.5%19.6%18.8%19.8%16.8%16.0%20.3%20.1%n/a
Net income6615913567008958111,0037758705098125706786831,1241,0651,0572,6971,0941,166
Net margin9.0%7.8%6.7%11.5%12.1%12.2%14.0%10.0%12.5%8.4%11.9%8.2%9.5%10.2%14.2%13.6%13.8%34.8%13.5%13.6%
Diluted EPS$3.26$3.12$1.91$3.70$4.74$4.41$5.78$4.59$5.46$3.25$5.15$3.75$4.61$4.70$7.74$7.42$7.52$19.45$7.94$8.53
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Pumps & Process Solutionsn/an/an/an/an/an/an/an/a1,2171,3321,3391,3241,7091,7281,7561,8952,14926.5%
Clean Energy & Fuelingn/an/an/an/an/an/an/an/an/an/a1,6201,4761,6481,8791,7881,9372,13126.3%
Climate & Sustainability Technologiesn/an/an/an/an/an/an/an/an/an/a1,3971,3161,6081,7381,7791,5801,56019.3%
Imaging & Identificationn/an/an/an/an/an/an/an/a1,0411,1101,0841,0381,1631,1241,1171,1371,17314.5%
Engineered Productsn/an/an/an/an/an/an/an/a1,6271,6331,6981,5311,7811,3801,2511,2021,08613.4%
Communication Technologies Segment9161,0761,360n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Energy Segment9981,3041,9011,7881,8542,0171,484n/an/an/an/an/an/an/an/an/an/an/a
Engineered Systems Segment2,2992,7863,1012,1442,1782,3862,3432,447n/an/an/an/an/an/an/an/an/an/a
Fluids Segmentn/an/an/a1,0881,2371,4311,3991,977n/an/an/an/an/an/an/an/an/an/a
Fueling Solutions Segmentn/an/an/an/an/an/an/an/a1,3381,466n/an/an/an/an/an/an/an/a
Printing and Identification Segment1,1339441,008n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Refrigeration and Food Equipment Segmentn/an/an/a1,6081,8881,9211,7311,6201,5991,453n/an/an/an/an/an/an/an/a
Intersegment Elimination-2.1-0.1-0.6-0.5-1.4-2.2-1.0-0.8-1.6n/an/an/an/an/an/an/an/an/a
Pumps & Process Solutions FY2017 to FY2025Clean Energy & Fueling FY2019 to FY2025Climate & Sustainability Technologies FY2019 to FY2025Imaging & Identification FY2017 to FY2025Engineered Products FY2017 to FY2025Refrigeration and Food Equipment Segment FY2012 to FY2018Fueling Solutions Segment FY2017 to FY2018Engineered Systems Segment FY2009 to FY2016Fluids Segment FY2012 to FY2016Energy Segment FY2009 to FY2015Communication Technologies Segment FY2009 to FY2011Printing and Identification Segment FY2009 to FY2011
6,110FY20107,157FY20136,044FY20167,137FY20197,848FY20228,098FY2025

$ million; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Intersegment Elimination is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2010 to FY2025

The profit before tax each segment reports. Costs Dover does not charge to a segment are left out, so the segments can add up to more than the company's own profit before tax.

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Pumps & Process Solutionsn/an/an/an/an/an/an/a20923824034957653348453765230.3%
Clean Energy & Fuelingn/an/an/an/an/an/an/an/an/a23229032735332936041819.6%
Climate & Sustainability Technologiesn/an/an/an/an/an/an/an/an/a11912618625430525126617.0%
Imaging & Identificationn/an/an/an/an/an/an/a16719922922426726827330231526.8%
Engineered Productsn/an/an/an/an/an/an/a43725229226527824022423121720.0%
Communication Technologies Segment205226n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Energy Segment316451467460462173n/an/an/an/an/an/an/an/an/an/an/a
Engineered Systems Segment383445320347387377399n/an/an/an/an/an/an/an/an/an/a
Fluids Segmentn/an/a183225252262247n/an/an/an/an/an/an/an/an/an/a
Fueling Solutions Segmentn/an/an/an/an/an/an/a159152n/an/an/an/an/an/an/an/a
Printing and Identification Segment151142n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Refrigeration and Food Equipment Segmentn/an/a223267239221284194136n/an/an/an/an/an/an/an/a
Pumps & Process Solutions FY2017 to FY2025Engineered Systems Segment FY2010 to FY2016Clean Energy & Fueling FY2019 to FY2025Communication Technologies Segment FY2010 to FY2011Refrigeration and Food Equipment Segment FY2012 to FY2018Climate & Sustainability Technologies FY2019 to FY2025Fluids Segment FY2012 to FY2016Fueling Solutions Segment FY2017 to FY2018Printing and Identification Segment FY2010 to FY2011Imaging & Identification FY2017 to FY2025Energy Segment FY2010 to FY2015Engineered Products FY2017 to FY2025
1,264FY20111,299FY20131,034FY20151,167FY20171,112FY20191,633FY20211,615FY20231,867FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Pumps & Process Solutions27%35%
Clean Energy & Fueling26%22%
Climate & Sustainability Technologies19%14%
Imaging & Identification14%17%
Engineered Products13%12%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a profit before tax figure. A margin is a segment's profit before tax over its own sales.

Revenue by region FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States2,8783,3563,9233,9784,2024,6184,2703,3513,6543,6203,8063,6774,3064,1973,9714,2014,40054.4%
Europe1,0751,1171,2471,0821,1121,2521,0591,2411,4771,5731,5721,4831,7971,7921,7571,6761,76921.9%
Asian/a8371,16257460868762765875586786374590193992483390011.1%
Other Americas4396257717448047956385176226316265356136546717307088.7%
Other1831762662484294023632753133012702442902623623063163.9%
Total Asia769n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
United StatesEuropeAsia FY2010 to FY2025Other AmericasOtherTotal Asia FY2009
6,110FY20107,155FY20136,043FY20167,136FY20197,844FY20228,093FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow8811,0037939431,0801,2671,1539768358638367999451,1051,1168061,3367481,334n/a
Capital expenditure174176113169263147142166154140170171187166171211183168220220
Free cash flow7088276807748171,1201,0118106817236666287599399445951,1535811,113n/a
Free cash flow margin9.7%10.9%12.7%12.7%11.1%16.9%14.1%10.4%9.8%12.0%9.8%9.0%10.6%14.1%11.9%7.6%15.0%7.5%13.8%n/a
Cash from investingn/an/an/an/an/an/an/an/an/an/an/an/a-384-481-993-541-727n/an/an/a
Cash from financingn/an/an/an/an/an/an/an/an/an/an/an/a-558-506-250-260-568-1,272-625-986
Depreciation and amortisation244261231229290230278307327250283283272279290296305338380392
Share-based compensation26.325.217.220.425.130.930.531.630.718.624.123.729.725.031.130.130.840.444.039.8
Buybacks5964670.01242427494586016000.010589514310621.65850.0500541886
Dividends paid154169190200219241248258258268284284282284287288284283283281
Dividend per share$0.77$0.90$1.02$1.07$1.18$1.33$1.45$1.55$1.64$1.72$1.82$1.90$1.94$1.97$1.99$2.01$2.03$2.05$2.07n/a
Diluted shares, weighted203m189m187m189m189m184m174m169m159m157m158m152m147m145m145m144m141m139m138m135m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a133m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity3,9463,7934,0844,5274,9314,9195,3773,7013,6453,8004,3832,7693,0333,3864,1904,2865,1076,9547,4057,636
Short-term borrowingsn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a683
Debtn/a1,8611,8611,8072,1872,8002,8283,0312,7553,6213,5683,1643,0703,1093,1243,6783,4602,9453,3463,265
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.0121134134166171175194n/a
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a8.18.76.86.25.95.65.1n/a
Other liabilitiesn/a2,2301,9382,2292,3842,7252,6322,2992,2202,6952,7072,4332,4372,5152,9482,7602,6052,4302,4712,095
Total liabilities and equityn/a7,8837,8828,5639,50110,44410,8389,0308,62010,11610,6588,3668,6699,15210,40410,89711,34912,50913,42213,679
Owned
Fixed assetsn/a8728297869711,1677888378549467888068428979571,0059789881,1201,155
Goodwilln/a3,2563,0902,8243,5072,9973,1093,4923,7373,6663,6863,6773,7834,0734,5594,4254,6384,9065,4305,380
Intangible assetsn/a9529517991,1851,6251,2591,3701,4131,8031,2831,1341,0551,0841,3601,3341,4451,5811,7601,593
Investmentsn/a2792241220.00.00.0n/an/an/an/an/an/an/an/an/an/an/an/an/a
Cash and equivalents6065507181,1871,2078008046823623497543963975133863813991,8451,6771,693
Receivablesn/a1,0138791,0231,1191,2261,0771,1871,1201,2651,1841,2321,2171,1371,3481,5171,3211,3541,3711,572
Inventoryn/a6365716587348737158648038706777498068361,1911,3671,1441,1451,2731,469
Other assetsn/a3246211,1637801,7553,0876003291,2172,2863715686126048681,424691792817
Total assetsn/a7,8837,8828,5639,50110,44410,8389,0308,62010,11610,6588,3668,6699,15210,40410,89711,34912,50913,42213,679
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.5%3.9%1.0%8.2%
Profit growth, compounded2.3%9.9%0.9%-48.1%
Return on equity, average22.1%25.2%24.8%14.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Dover's revenue in fiscal 2025?

Dover (DOV) reported revenue of $8.1 billion for fiscal 2025, the year ended 31 December 2025, up 4.5% on the year before.

How much did Dover earn in fiscal 2025?

Net income was $1.1 billion for fiscal 2025, and diluted earnings per share $7.94.

What is Dover's P/E ratio?

At the close of 6 November 2026, Dover traded at 23.9 times its earnings over the twelve months to 30 September 2026.

What is Dover's market cap?

The market cap of Dover was $27.1 billion at the close of 6 November 2026.

Does Dover pay a dividend?

Yes. Dover declared $2.08 a share in dividends over the four quarters to 30 September 2026.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Carrier Global Corp. CARR$42.8 billionn/a-17.3%-4.8%3.3%1.101.3%
Ingersoll Rand Inc. IR$31.9 billion23.3713.2%22.9%8.0%0.45n/a
Dover Corp. DOV$27.1 billion23.8915.3%17.0%8.2%0.431.0%
TechnipFMC plc FTI$24.8 billion19.9838.6%16.8%9.1%0.120.3%
Xylem Inc. XYL$22.4 billion21.6510.5%15.1%1.9%0.281.7%
Symbotic Inc. SYM$22.2 billion409.171.8%0.9%20.6%0.00n/a
ITT Inc. ITT$18.3 billion42.308.8%14.0%35.8%0.740.7%
Nordson Corp. NDSN$17.3 billion31.3417.0%26.9%7.0%0.531.1%
nVent Electric plc NVT$17.2 billion25.6016.5%17.8%48.0%0.530.8%
Curtiss Wright Corp. CW$16.9 billion30.9021.7%18.9%10.7%0.370.2%
Idex Corp. IEX$16.7 billion31.5413.3%20.9%6.9%0.441.3%
RBC Bearings Inc. RBC$15.6 billion42.4610.0%24.4%17.4%0.20n/a
All 85 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
ASML Holding N.V. ASML *$549.0 billion51.6449.0%34.6%15.6%0.220.5%
Caterpillar Inc. CAT$255.6 billion21.9255.1%18.3%20.3%2.101.1%
Lam Research Corp. LRCX$250.2 billion29.8660.8%37.0%33.4%0.270.6%
Deere & Co. DE$181.2 billion37.3317.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$132.8 billion34.1418.6%n/a20.1%0.961.3%
Johnson Controls International plc JCI$81.8 billion23.4726.5%n/a6.8%0.701.2%
Illinois Tool Works Inc. ITW$79.9 billion25.04102.7%26.6%4.8%2.982.3%
Cummins Inc. CMI$61.7 billion18.7924.9%12.5%6.7%0.561.8%
Baker Hughes Co. BKR$47.5 billion16.5014.4%n/a3.7%0.91n/a
Carrier Global Corp. CARR$42.8 billionn/a-17.3%-4.8%3.3%1.101.3%
Ingersoll Rand Inc. IR$31.9 billion23.3713.2%22.9%8.0%0.45n/a
Dover Corp. DOV$27.1 billion23.8915.3%17.0%8.2%0.431.0%
TechnipFMC plc FTI$24.8 billion19.9838.6%16.8%9.1%0.120.3%
Xylem Inc. XYL$22.4 billion21.6510.5%15.1%1.9%0.281.7%
Symbotic Inc. SYM$22.2 billion409.171.8%0.9%20.6%0.00n/a
ITT Inc. ITT$18.3 billion42.308.8%14.0%35.8%0.740.7%
Nordson Corp. NDSN$17.3 billion31.3417.0%26.9%7.0%0.531.1%
nVent Electric plc NVT$17.2 billion25.6016.5%17.8%48.0%0.530.8%
Curtiss Wright Corp. CW$16.9 billion30.9021.7%18.9%10.7%0.370.2%
Idex Corp. IEX$16.7 billion31.5413.3%20.9%6.9%0.441.3%
RBC Bearings Inc. RBC$15.6 billion42.4610.0%24.4%17.4%0.20n/a
Zebra Technologies Corp. ZBRA$15.2 billion25.9816.9%14.9%16.9%0.72n/a
Lincoln Electric Holdings Inc. LECO$14.9 billion26.4137.0%17.3%11.1%0.741.1%
CNH Industrial N.V. CNH$14.3 billion46.224.0%n/a0.6%3.332.2%
Lennox International Inc. LII$11.7 billion15.8756.9%18.8%1.9%1.231.5%
Regal Rexnord Corp. RRX$11.3 billion48.883.4%10.0%4.7%0.650.8%
BWX Technologies, Inc. BWXT$11.0 billion29.3026.4%12.4%17.7%1.430.9%
Graco Inc. GGG$10.9 billion21.8221.0%26.8%5.4%0.051.7%
Pentair plc PNR$10.9 billion18.0715.9%19.6%-3.9%0.381.6%
Moog Inc. MOG.A$10.3 billion27.5517.0%13.3%15.6%0.410.4%
Flowserve Corp. FLS$10.2 billion40.3811.0%10.0%0.2%0.891.1%
Toro Co. TTC$9.9 billion28.0327.2%10.3%5.2%0.721.5%
Donaldson Co. Inc. DCI$9.8 billion21.9025.7%15.4%5.3%0.751.4%
Agco Corp. AGCO$7.6 billion28.416.9%5.6%0.9%0.661.1%
Zurn Elkay Water Solutions Corp. ZWS$7.2 billion25.4217.2%22.1%10.1%0.301.0%
SPX Technologies, Inc. SPXC$7.1 billion24.1812.2%16.1%20.2%0.55n/a
Timken Co. TKR$7.0 billion25.258.9%11.0%5.9%0.611.4%
JBT Marel Corp. JBTM$6.6 billion34.224.4%7.3%20.3%0.380.3%
NOV Inc. NOV$6.3 billion43.912.3%5.5%-1.0%0.272.0%
Middleby Corp. MIDD$6.2 billionn/a-21.3%16.5%8.4%0.90n/a
Weatherford International plc WFRD$6.1 billion15.0620.7%12.4%-5.7%0.761.3%
Gates Industrial Corp. Ltd. GTES$6.1 billion16.7410.4%13.5%4.0%0.62n/a
Esab Corp. ESAB$5.1 billion33.536.1%11.2%11.0%0.910.5%
Brunswick Corp. BC$5.0 billion23.6312.5%5.7%10.4%1.182.3%
Aaon, Inc. AAON$4.7 billion29.7915.8%11.0%53.5%0.430.7%
Cactus, Inc. WHD$4.7 billion40.3714.1%18.8%40.4%0.001.0%
Solaris Energy Infrastructure, Inc. SEI$4.6 billion60.165.9%22.8%73.8%2.040.8%
Alliance Laundry Holdings Inc. ALH$4.5 billion24.8535.6%19.1%n/an/a0.0%
Kadant Inc. KAI$3.5 billion31.5210.7%15.0%12.5%0.500.5%
Hayward Holdings, Inc. HAYW$3.4 billion20.8310.7%21.6%7.6%0.600.0%
ACM Research, Inc. ACMR$3.3 billion27.876.1%14.5%29.1%0.18n/a
Axcelis Technologies Inc. ACLS$3.1 billion29.549.4%10.3%4.3%0.00n/a
Standex International Corp. SXI$2.8 billion24.3414.6%22.5%8.3%0.670.6%
Ouster, Inc. OUST$2.5 billionn/a-8.2%-25.6%63.7%0.00n/a
Dnow Inc. DNOW$2.4 billionn/a-8.8%-3.9%96.8%0.18n/a
Veeco Instruments Inc. VECO$2.3 billion92.962.8%3.0%6.6%0.25n/a
Enerpac Tool Group Corp. EPAC$2.0 billion22.5819.8%19.8%5.7%0.400.1%
Cricut, Inc. CRCT$1.8 billion19.0723.8%16.7%-0.9%0.002.3%
Flowco Holdings Inc. FLOC$1.8 billion18.2210.5%18.6%20.4%0.670.4%
Gorman Rupp Co. GRC$1.8 billion24.1216.0%16.1%6.5%0.54n/a
Kennametal Inc. KMT$1.8 billion3.0332.4%31.0%32.5%0.623.5%
Innovex International, Inc. INVX$1.8 billion36.394.4%6.9%7.0%0.02n/a
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.00n/a
Alamo Group Inc. ALG$1.6 billion20.876.5%6.9%1.8%0.201.0%
Tennant Co. TNC$1.2 billion53.354.2%3.9%-0.4%0.651.7%
Lindsay Corp. LNN$1.1 billion19.9511.0%10.5%-6.0%0.231.4%
Graham Corp. GHM$915 million67.776.7%6.0%16.2%0.00n/a
Power Solutions International, Inc. PSIX$903 million12.8330.1%14.9%-0.2%0.16n/a
Aebi Schmidt Holding AG AEBI$864 million35.062.6%4.5%79.4%0.751.5%
Douglas Dynamics, Inc. PLOW$839 million13.1720.8%12.7%22.8%0.333.3%
Astec Industries Inc. ASTE$824 million71.501.7%3.1%13.8%0.551.5%
Manitowoc Co. Inc. MTW$807 million31.493.7%3.6%10.2%0.67n/a
Forum Energy Technologies, Inc. FET$800 million27.469.5%7.4%10.6%0.40n/a
Columbus McKinnon Corp. CMCO$510 millionn/a-25.9%-6.8%80.7%1.801.6%
Oil States International, Inc. OIS$499 millionn/a-18.4%-14.0%-0.7%0.03n/a
Energy Recovery, Inc. ERII$364 million79.333.1%0.8%-26.2%0.00n/a
Twin Disc Inc. TWIN$331 million10.5914.1%5.2%12.1%0.180.7%
Gencor Industries Inc. GENC$250 million16.886.6%11.7%-6.4%0.00n/a
Taylor Devices, Inc. TAYD$244 millionn/a9.3%13.2%-12.5%0.00n/a
Perma-Pipe International Holdings, Inc. PPIH$234 million15.0016.7%12.1%24.8%0.39n/a
NN Inc. NNBR$225 millionn/a-25.3%-3.1%13.9%1.63n/a
Serve Robotics Inc. SERV$203 millionn/a-67.7%-2,207.0%410.9%0.00n/a
Amtech Systems Inc. ASYS$200 million43.963.5%8.1%-2.4%0.00n/a
Ampco Pittsburgh Corp. AP$122 millionn/a-190.4%-11.1%3.3%4.42n/a
Sono TEK Corp. SOTK$68 million35.929.5%10.2%4.4%0.00n/a
No other company here shares its SEC industry code (Construction, Mining & Materials Handling Machinery & Equip); these are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on DOV

Dividends$2.085 a share over the four quarters to 30 September 2026, a 1.02% yield
Filings19 in twelve months: 9 current reports (8-K), about 4 results of operations; 4 regulation FD disclosure; 3 other events; 1 shareholder vote; 1 material agreement
Planned insider sales6 Form 144 notices in twelve months, $39.0 million; latest 2 November 2026
Options tapeput/call 0.39 by open interest at the 6 November 2026 close; the straddle prices a 4.9% move to 20 November 2026
13F holders1,171 funds reported a position for the quarter to 30 June 2026; largest JPMorgan Chase & Co.
Insider trading9 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.3 million shares short, 5.02 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202622 October 2026EDGAR
10-Q30 June 202623 July 2026EDGAR
10-Q31 March 202623 April 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 202523 October 2025EDGAR
10-Q30 June 202524 July 2025EDGAR
10-Q31 March 202524 April 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 202424 October 2024EDGAR
10-Q30 June 202425 July 2024EDGAR

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