Financials · DOV

Dover Corporation (DOV) financials

For the twelve months ended Sep 30, 2026, Dover Corporation reported $8.58B of revenue and $1.17B of net income.

Revenue, TTM
$8.58B
Revenue growth, YoY
+8.2%
Net income, TTM
$1.17B
Net income growth, YoY
-48.1%
Net margin
13.6%
Free cash flow, TTM
$1.19B
EPS, diluted, TTM
$8.58
EPS growth, YoY
-47.2%
Cash
$1.69B
Total debt
$3.26B
P/E
23.25
P/S
3.16
Market cap
$27.11B
Annual revenue$8.09B
FY2016FY2025
Annual net income$1.09B
FY2016FY2025
Annual free cash flow$1.12B
FY2016FY2025

DOV revenue and earnings growth

DOV revenueQ3 2026$2.23B

Quarter YoY
+7.5%
QoQ
+2.0%
FY YoY
+4.5%
5Y CAGR
+3.9%
10Y CAGR
+1.5%

DOV revenue was $2.23B in fiscal Q3 2026 (ended Sep 30, 2026), up 7.5% from a year earlier and up 2.0% from the prior quarter. For the full fiscal 2025 it was $8.09B, up 4.5% from fiscal 2024. Compound annual growth was +3.9% over 5 years and +1.5% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

DOV net incomeQ3 2026$333.33M

Quarter YoY
+10.4%
QoQ
+6.8%
FY YoY
-59.4%
5Y CAGR
+9.9%
10Y CAGR
+2.3%

DOV net income was $333.33M in fiscal Q3 2026 (ended Sep 30, 2026), up 10.4% from a year earlier and up 6.8% from the prior quarter. For the full fiscal 2025 it was $1.09B, down 59.4% from fiscal 2024. Compound annual growth was +9.9% over 5 years and +2.3% over 10 years. It rose in 5 of the last 10 fiscal years.

DOV EPSQ3 2026$2.47

Quarter YoY
+12.8%
QoQ
+7.4%
FY YoY
-59.2%
5Y CAGR
+11.1%
10Y CAGR
+3.8%

DOV diluted EPS was $2.47 in fiscal Q3 2026 (ended Sep 30, 2026), up 12.8% from a year earlier and up 7.4% from the prior quarter. For the full fiscal 2025 it was $7.94, down 59.2% from fiscal 2024. Compound annual growth was +11.1% over 5 years and +3.8% over 10 years.

DOV free cash flowQ3 2026$383.35M

Quarter YoY
+3.6%
QoQ
+103.5%
FY YoY
+21.5%
5Y CAGR
+3.5%
10Y CAGR
+3.5%

DOV free cash flow was $383.35M in fiscal Q3 2026 (ended Sep 30, 2026), up 3.6% from a year earlier and up 103.5% from the prior quarter. For the full fiscal 2025 it was $1.12B, up 21.5% from fiscal 2024. Compound annual growth was +3.5% over 5 years and +3.5% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$8.09B$7.75B$7.68B$7.84B$7.91B$6.68B$7.14B$6.99B$6.82B$6.04B
Cost of revenue$4.87B$4.79B$4.82B$4.94B$4.94B$4.21B$4.52B$4.43B$4.29B$3.82B
Gross profit$3.22B$2.96B$2.87B$2.90B$2.97B$2.47B$2.62B$2.56B$2.53B$2.23B
Research and development$165.34M$149.60M$139.06M$151.35M$157.83M$142.10M$140.96M$143.03M$130.54M$115.84M
Selling, general and admin$1.84B$1.75B$1.65B$1.63B$1.69B$1.54B$1.60B$1.72B$1.72B$1.52B
Operating income$1.37B$1.21B$1.22B$1.28B$1.28B$932.99M$974.89M$843.11M$806.89M$708.97M
Interest expense$109.77M$131.17M$131.30M$116.46M$106.32M$111.94M$125.82M$130.97M$144.95M$135.97M
Pre-tax income$1.37B$1.76B$1.12B$1.19B$1.40B$841.73M$843.01M$725.38M$875.82M$684.64M
Income tax$276.82M$357.05M$179.14M$200.29M$277.01M$158.28M$165.09M$134.23M$129.15M$182.52M
Net income$1.09B$2.70B$1.06B$1.07B$1.12B$683.45M$677.92M$570.27M$811.66M$508.89M
EPS, basic$7.99$19.58$7.56$7.47$7.81$4.74$4.67$3.80$5.21$3.28
EPS, diluted$7.94$19.45$7.52$7.42$7.74$4.70$4.61$3.75$5.15$3.25
Diluted shares137.8M138.7M140.6M143.6M145.3M145.4M147.0M152.1M157.7M156.6M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$1.68B$1.84B$398.56M$380.87M$385.50M$513.08M$397.25M$396.22M$753.96M$349.15M
Receivables$1.37B$1.35B$1.32B$1.52B$1.35B$1.14B$1.22B$1.23B$1.18B$1.27B
Inventory$1.27B$1.14B$1.14B$1.37B$1.19B$835.80M$806.14M$748.80M$677.04M$870.49M
Current assets$4.51B$4.48B$3.39B$3.42B$3.06B$2.62B$2.55B$2.50B$2.79B$2.59B
Goodwill$5.43B$4.91B$4.64B$4.43B$4.56B$4.07B$3.78B$3.68B$3.69B$3.67B
Total assets$13.42B$12.51B$11.35B$10.90B$10.40B$9.15B$8.67B$8.37B$10.66B$10.12B
Current liabilities$2.52B$2.20B$2.41B$2.77B$2.25B$1.74B$1.75B$1.83B$2.14B$1.94B
Short-term debt$706.68M$399.41M$0$735.77M$105.70M$0$84.70M$220.32M$581.10M$414.55M
Long-term debt$2.62B$2.53B$2.99B$2.94B$3.02B$3.11B$2.99B$2.94B$2.99B$3.21B
Total debt$3.33B$2.93B$2.99B$3.68B$3.12B$3.11B$3.07B$3.16B$3.57B$3.62B
Total liabilities---$6.61B$6.21B$5.77B$5.64B$5.60B$6.28B$6.32B
Shareholders' equity$7.41B$6.95B$5.11B$4.29B$4.19B$3.39B$3.03B$2.77B$4.38B$3.80B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$1.34B$1.09B$1.22B$746.75M$1.12B$1.10B$945.31M$789.19M$739.41M$734.60M
Capital expenditures$220.26M$167.53M$183.41M$211.08M$171.47M$165.69M$186.80M$170.99M$170.07M$139.58M
Free cash flow$1.12B$920.30M$1.04B$535.67M$944.40M$939.12M$758.50M$618.20M$569.34M$595.02M
Investing cash flow-$886.59M-$26.98M-$717.72M-$520.84M-$992.75M-$481.38M-$384.25M-$245.48M$208.34M-$1.48B
Financing cash flow-$624.87M-$1.27B-$568.06M-$260.26M-$249.88M-$506.29M-$558.04M-$897.84M-$592.93M$634.34M
Dividends paid$283.01M$283.12M$284.30M$287.55M$286.90M$284.31M$282.20M$283.57M$283.96M$267.74M
Share repurchases$540.70M$500.00M$0$585.00M$21.64M$106.28M$143.28M$894.98M$105.02M$0
Stock-based compensation$43.98M$40.36M$30.77M$30.07M$31.11M$25.03M$29.70M$23.70M$24.07M$18.65M
Depreciation and amortization$379.58M$337.84M$305.05M$295.66M$290.12M$279.05M$272.29M$282.58M$283.28M$249.67M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY4.5%0.8%-2.0%-0.8%18.3%-6.3%2.1%2.5%12.9%-13.1%
Net income growth, YoY-59.4%155.2%-0.8%-5.2%64.4%0.8%18.9%-29.7%59.5%-41.5%
EPS growth, YoY-59.2%158.6%1.3%-4.1%64.7%2.0%22.9%-27.2%58.5%-40.5%
Gross margin39.8%38.2%37.3%37.0%37.6%37.0%36.7%36.6%37.1%36.9%
Operating margin17.0%15.6%15.9%16.3%16.2%14.0%13.7%12.1%11.8%11.7%
Net margin13.5%34.8%13.8%13.6%14.2%10.2%9.5%8.2%11.9%8.4%
Free cash flow margin13.8%11.9%13.5%6.8%11.9%14.1%10.6%8.8%8.3%9.8%
Return on equity14.8%38.8%20.7%24.9%26.8%20.2%22.4%20.6%18.5%13.4%
Return on assets8.2%21.6%9.3%9.8%10.8%7.5%7.8%6.8%7.6%5.0%
Current ratio1.792.041.401.231.361.511.461.371.301.33
Debt to equity0.450.420.590.860.750.921.011.140.810.95

Source: XBRL data Dover Corporation files with the SEC, latest filing dated Oct 22, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DOV peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DOV$8.58B+8.2%$1.17B13.6%$27.11B
ASML€32.67B+15.6%€9.61B29.4%$549.12B
TMO$47.35B+8.3%$7.07B14.9%$257.42B
LRCX$26.13B+33.4%$8.45B32.3%$250.38B
DE$47.98B+8.0%$4.87B10.2%$181.09B
DHR$25.61B+5.5%$4.33B16.9%$161.98B
ETN$31.98B+20.1%$3.90B12.2%$132.76B
JCI$24.43B+5.1%$3.53B14.5%$81.79B
ITW$16.65B+4.8%$3.23B19.4%$79.84B

DOV FAQ

9 questions
  • What is DOV revenue?
    Dover Corporation (DOV) reported $8.58B of revenue for the twelve months ended Sep 30, 2026. That is up 8.2% from the year before. Revenue for fiscal 2025 was $8.09B.
  • Is DOV profitable?
    Yes. Dover Corporation earned $1.17B in net income for the twelve months ended Sep 30, 2026, a net margin of 13.6%.
  • How much cash and debt does DOV have?
    Dover Corporation reported $1.69B in cash and cash equivalents and $3.26B of debt on its most recent balance sheet in SEC filings.
  • How fast is DOV revenue growing?
    Dover Corporation's revenue changed +4.5% in fiscal 2025, to $8.09B. Its compound annual growth rate was +3.9% over 5 years and +1.5% over 10 years.
  • What is DOV gross margin?
    Dover Corporation's gross profit was $3.40B on $8.58B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 39.7%.
  • What is DOV free cash flow?
    Dover Corporation generated $1.19B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.41B less capital expenditures.
  • What is DOV earnings per share?
    Diluted earnings per share were $8.58 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did DOV last report financial results?
    The latest statements here come from Dover Corporation's 10-Q filed on Oct 22, 2026, covering the period ended Sep 30, 2026.
  • Where does this DOV financial data come from?
    Quantisnow builds these statements from the structured XBRL data Dover Corporation files with the SEC. It is provided for information only and is not investment advice.