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Dover Corp Financials

DOV
Source SEC Filings (10-K/10-Q) Updated Feb 13, 2026 Currency USD FYE February

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 60 / 100
Financial Profile 60/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
85

Dover Corp has an operating margin of 17.0%, meaning the company retains $17 of operating profit per $100 of revenue. This strong profitability earns a score of 85/100, reflecting efficient cost management and pricing power. This is up from 15.6% the prior year.

Growth
0

Dover Corp's revenue declined 99.9% year-over-year, from $7.7B to $8.1M. This contraction results in a growth score of 0/100.

Leverage
98

Dover Corp carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
52

Dover Corp's current ratio of 1.79 indicates adequate short-term liquidity, earning a score of 52/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
69

Dover Corp converts 13.8% of revenue into free cash flow ($1.1M). This strong cash generation earns a score of 69/100.

Returns
59

Dover Corp's ROE of 14.8% shows moderate profitability relative to equity, earning a score of 59/100. This is down from 38.8% the prior year.

Altman Z-Score Safe
3170.39

Dover Corp scores 3170.39, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($31.8B) relative to total liabilities ($6.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

Dover Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.22x

For every $1 of reported earnings, Dover Corp generates $1.22 in operating cash flow ($1.3M OCF vs $1.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
12.5x

Dover Corp earns $12.5 in operating income for every $1 of interest expense ($1.4M vs $110K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

This page shows Dover Corp (DOV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue
$8.1M
YoY-99.9%
5Y CAGR-73.9%
10Y CAGR-49.1%

Dover Corp generated $8.1M in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.

EBITDA
$1.8M
YoY-99.9%
5Y CAGR-73.0%
10Y CAGR-48.1%

Dover Corp's EBITDA was $1.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.9% from the prior year.

Free Cash Flow
$1.1M
YoY-99.9%
5Y CAGR-74.0%
10Y CAGR-48.1%

Dover Corp generated $1.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 99.9% from the prior year.

Net Income
$1.1M
YoY-100.0%
5Y CAGR-72.4%
10Y CAGR-48.7%

Dover Corp reported $1.1M in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EPS (Diluted)
$7.94
YoY-59.2%
5Y CAGR+11.1%
10Y CAGR+3.8%

Dover Corp earned $7.94 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 59.2% from the prior year.

Cash & Debt
$1.7B
YoY-9.1%
5Y CAGR+26.7%
10Y CAGR+16.6%

Dover Corp held $1.7B in cash against $2.6M in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.03
YoY-1.0%
5Y CAGR+0.6%
10Y CAGR+2.2%

Dover Corp paid $2.03 per share in dividends in fiscal year 2025. This represents a decrease of 1.0% from the prior year.

Shares Outstanding
135M
YoY-1.7%
5Y CAGR-1.3%
10Y CAGR-1.4%

Dover Corp had 135M shares outstanding in fiscal year 2025. This represents a decrease of 1.7% from the prior year.

Gross Margin
39.8%
YoY+1.6pp
5Y CAGR+2.8pp
10Y CAGR+2.9pp

Dover Corp's gross margin was 39.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the prior year.

Operating Margin
17.0%
YoY+1.4pp
5Y CAGR+3.0pp
10Y CAGR+3.7pp

Dover Corp's operating margin was 17.0% in fiscal year 2025, reflecting core business profitability. This is up 1.4 percentage points from the prior year.

Net Margin
13.5%
YoY-21.3pp
5Y CAGR+3.3pp
10Y CAGR+1.0pp

Dover Corp's net profit margin was 13.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 21.3 percentage points from the prior year.

Return on Equity
14.8%
YoY-24.0pp
5Y CAGR-5.4pp
10Y CAGR-9.1pp

Dover Corp's ROE was 14.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 24.0 percentage points from the prior year.

R&D Spending
$165K
YoY-99.9%
5Y CAGR-74.1%
10Y CAGR-48.0%

Dover Corp invested $165K in research and development in fiscal year 2025. This represents a decrease of 99.9% from the prior year.

Share Buybacks
$541K
YoY-99.9%
5Y CAGR-65.2%
10Y CAGR-50.4%

Dover Corp spent $541K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.9% from the prior year.

Capital Expenditures
$220K
YoY-99.9%
5Y CAGR-73.4%
10Y CAGR-48.1%

Dover Corp invested $220K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 99.9% from the prior year.

DOV Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $2.1B+1.0% $2.1B+1.4% $2.0B+9.8% $1.9B-3.3% $1.9B-2.7% $2.0B+1.8% $1.9B+3.5% $1.9B
Cost of Revenue $1.3B+2.7% $1.2B+1.0% $1.2B+9.9% $1.1B-5.4% $1.2B-3.0% $1.2B+2.0% $1.2B+0.8% $1.2B
Gross Profit $820.8M-1.5% $833.6M+1.9% $818.3M+9.8% $745.5M0.0% $745.7M-2.3% $763.2M+1.4% $752.5M+7.9% $697.2M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $475.5M+4.2% $456.4M-1.6% $463.7M+3.2% $449.2M-0.3% $450.7M+4.9% $429.6M+0.1% $429.1M-3.1% $443.0M
Operating Income $345.3M-8.4% $377.2M+6.4% $354.6M+19.7% $296.3M+0.4% $295.1M-11.6% $333.6M+3.1% $323.5M+27.2% $254.2M
Interest Expense $28.1M+3.3% $27.2M+1.7% $26.8M-3.0% $27.6M-2.5% $28.3M-17.1% $34.1M+5.4% $32.4M-11.0% $36.4M
Income Tax $65.8M-20.7% $83.0M+15.3% $72.0M+28.2% $56.1M-14.0% $65.3M-11.1% $73.4M+20.8% $60.8M-61.4% $157.6M
Net Income $282.1M-6.6% $302.0M+8.2% $279.1M+20.9% $230.8M-83.9% $1.4B+313.7% $347.1M+23.2% $281.8M-55.4% $632.2M
EPS (Diluted) $2.06-5.9% $2.19+8.4% $2.02+21.0% $1.67-83.9% $10.38+313.5% $2.51+23.0% $2.04-54.9% $4.52

DOV Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $13.4B0.0% $13.4B+2.0% $13.2B+4.1% $12.6B+1.1% $12.5B+5.0% $11.9B+5.5% $11.3B-5.8% $12.0B
Current Assets $4.5B+0.1% $4.5B+6.7% $4.2B-7.3% $4.6B+1.5% $4.5B+19.7% $3.7B+14.7% $3.3B-16.5% $3.9B
Cash & Equivalents $1.7B+8.0% $1.6B+22.8% $1.3B-29.9% $1.8B-2.1% $1.8B+377.0% $386.8M+17.6% $328.8M-64.6% $930.0M
Inventory $1.3B-3.7% $1.3B+1.2% $1.3B+8.0% $1.2B+5.6% $1.1B-5.7% $1.2B-2.0% $1.2B-0.6% $1.2B
Accounts Receivable $1.4B-5.6% $1.5B-2.0% $1.5B+7.4% $1.4B+1.8% $1.4B-5.2% $1.4B-8.4% $1.6B+2.7% $1.5B
Goodwill $5.4B+0.5% $5.4B+0.6% $5.4B+8.3% $5.0B+1.1% $4.9B-1.4% $5.0B+0.5% $5.0B-0.2% $5.0B
Total Liabilities $6.0B+4.5% $5.8B+0.7% $5.7B+3.8% $5.5B-0.8% $5.6B-10.6% $6.2B+4.8% $5.9B-13.3% $6.8B
Current Liabilities $2.5B+14.2% $2.2B+1.8% $2.2B+1.3% $2.1B-2.6% $2.2B-8.0% $2.4B+11.9% $2.1B-28.5% $3.0B
Long-Term Debt $2.6B-1.8% $2.7B+0.1% $2.7B+3.7% $2.6B+1.7% $2.5B-15.9% $3.0B+1.6% $3.0B-0.4% $3.0B
Total Equity $7.4B-3.4% $7.7B+3.0% $7.4B+4.3% $7.1B+2.6% $7.0B+22.0% $5.7B+6.2% $5.4B+4.1% $5.2B
Retained Earnings $14.2B N/A N/A N/A $13.4B N/A N/A N/A

DOV Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $543.9M+28.2% $424.2M+99.8% $212.3M+34.8% $157.5M-64.1% $439.0M+24.3% $353.2M+173.7% $129.0M-22.5% $166.6M
Capital Expenditures $57.0M+5.2% $54.1M-11.1% $60.9M+26.4% $48.2M-10.6% $53.9M+42.8% $37.8M+5.4% $35.8M-10.6% $40.0M
Free Cash Flow $487.0M+31.6% $370.1M+144.4% $151.4M+38.5% $109.3M-71.6% $385.0M+22.0% $315.5M+238.4% $93.2M-26.3% $126.5M
Investing Cash Flow N/A N/A N/A N/A N/A N/A $28.2M-93.4% $429.9M
Financing Cash Flow -$344.5M-366.3% -$73.9M+12.3% -$84.2M+31.1% -$122.2M+73.0% -$453.2M-587.4% $93.0M+111.2% -$830.7M-928.3% -$80.8M
Dividends Paid $69.8M-1.9% $71.2M+0.8% $70.6M-1.1% $71.4M+0.9% $70.8M0.0% $70.7M+0.7% $70.2M-1.7% $71.4M
Share Buybacks $500.0M $0 $0-100.0% $40.7M $0 $0 $0-100.0% $500.0M

DOV Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 39.1%-1.0pp 40.1%+0.2pp 39.9%-0.0pp 40.0%+1.3pp 38.6%+0.2pp 38.5%-0.1pp 38.6%+1.6pp 37.0%
Operating Margin 16.4%-1.7pp 18.1%+0.9pp 17.3%+1.4pp 15.9%+0.6pp 15.3%-1.5pp 16.8%+0.2pp 16.6%+3.1pp 13.5%
Net Margin 13.4%-1.1pp 14.5%+0.9pp 13.6%+1.2pp 12.4%-62.0pp 74.4%+56.9pp 17.5%+3.0pp 14.5%-19.1pp 33.6%
Return on Equity 3.8%-0.1pp 3.9%+0.2pp 3.8%+0.5pp 3.2%-17.4pp 20.6%+14.6pp 6.1%+0.8pp 5.3%-7.0pp 12.3%
Return on Assets 2.1%-0.1pp 2.3%+0.1pp 2.1%+0.3pp 1.8%-9.7pp 11.5%+8.6pp 2.9%+0.4pp 2.5%-2.8pp 5.3%
Current Ratio 1.79-0.3 2.04+0.1 1.95-0.2 2.13+0.1 2.04+0.5 1.57+0.0 1.53+0.2 1.31
Debt-to-Equity 0.350.0 0.35-0.0 0.360.0 0.360.0 0.36-0.2 0.53-0.0 0.55-0.0 0.58
FCF Margin 23.2%+5.4pp 17.8%+10.4pp 7.4%+1.5pp 5.9%-14.1pp 20.0%+4.0pp 15.9%+11.1pp 4.8%-1.9pp 6.7%

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Frequently Asked Questions

What is Dover Corp's annual revenue?

Dover Corp (DOV) reported $8.1M in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Dover Corp's revenue growing?

Dover Corp (DOV) revenue declined by 99.9% year-over-year, from $7.7B to $8.1M in fiscal year 2025.

Is Dover Corp profitable?

Yes, Dover Corp (DOV) reported a net income of $1.1M in fiscal year 2025, with a net profit margin of 13.5%.

What is Dover Corp's earnings per share (EPS)?

Dover Corp (DOV) reported diluted earnings per share of $7.94 for fiscal year 2025. This represents a -59.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Dover Corp's EBITDA?

Dover Corp (DOV) had EBITDA of $1.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Dover Corp have?

As of fiscal year 2025, Dover Corp (DOV) had $1.7B in cash and equivalents against $2.6M in long-term debt.

What is Dover Corp's gross margin?

Dover Corp (DOV) had a gross margin of 39.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Dover Corp's operating margin?

Dover Corp (DOV) had an operating margin of 17.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Dover Corp's net profit margin?

Dover Corp (DOV) had a net profit margin of 13.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Dover Corp pay dividends?

Yes, Dover Corp (DOV) paid $2.03 per share in dividends during fiscal year 2025.

What is Dover Corp's return on equity (ROE)?

Dover Corp (DOV) has a return on equity of 14.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Dover Corp's free cash flow?

Dover Corp (DOV) generated $1.1M in free cash flow during fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Dover Corp's operating cash flow?

Dover Corp (DOV) generated $1.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Dover Corp's total assets?

Dover Corp (DOV) had $13.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Dover Corp's capital expenditures?

Dover Corp (DOV) invested $220K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Dover Corp spend on research and development?

Dover Corp (DOV) invested $165K in research and development during fiscal year 2025.

Does Dover Corp buy back shares?

Yes, Dover Corp (DOV) spent $541K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Dover Corp have outstanding?

Dover Corp (DOV) had 135M shares outstanding as of fiscal year 2025.

What is Dover Corp's current ratio?

Dover Corp (DOV) had a current ratio of 1.79 as of fiscal year 2025, which is generally considered healthy.

What is Dover Corp's debt-to-equity ratio?

Dover Corp (DOV) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Dover Corp's return on assets (ROA)?

Dover Corp (DOV) had a return on assets of 8.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Dover Corp's Altman Z-Score?

Dover Corp (DOV) has an Altman Z-Score of 3170.39, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Dover Corp's Piotroski F-Score?

Dover Corp (DOV) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Dover Corp's earnings high quality?

Dover Corp (DOV) has an earnings quality ratio of 1.22x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Dover Corp cover its interest payments?

Dover Corp (DOV) has an interest coverage ratio of 12.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Dover Corp?

Dover Corp (DOV) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.