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

Dover Corporation (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.

Dover Corporation (DOV) Financials

DOV

Trailing 12 months to June 30, 2026

Revenue $8.4B +7.6% YoY

Net Income $1.1B -50.5% YoY

EPS (Diluted) $8.30 -49.9% YoY

Free Cash Flow $1.2B +22.4% YoY

Market Cap $25.4B as of Oct 10, 2026

Price / Sales 3.0x on $8.4B revenue, trailing 12 months to June 30, 2026

Price / Earnings 22.4x on $1.1B net income, trailing 12 months to June 30, 2026

Price / Book 3.3x on $7.7B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 23, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DOV SEC filings page.

Dover Corporation (DOV) reported $8.4B in revenue over the twelve months to Jun 30, 2026, up 7.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI DOV FY2025 2026-10-03

Dover’s core operations are becoming more profitable and cash generative, while 2025 reinvestment made short-term liquidity less comfortable.

FY2024 net income reached $2.70B despite operating income of $1.21B, making the bottom line unusually disconnected from operations. It fell to $1.09B in FY2025 even as operating income rose to $1.37B, so operating profit and cash flow provide a cleaner view of the operating trend than FY2024 net income alone.

FY2025 operating cash flow reached $1.34B, while free-cash-flow margin was 13.8%; cash generation remained positive after reinvestment rather than depending solely on accounting earnings. The gap between operating cash flow and free cash flow widened versus FY2024 as capital expenditures rose from $168M to $220M.

Balance-sheet dependence on borrowing declined: debt-to-equity fell from 0.7x in FY2021 to 0.4x in FY2025 as equity accumulated faster than long-term debt. However, the current ratio slipped from 2.0x in FY2024 to 1.8x in FY2025, showing that stronger long-term capitalization did not mean steadily improving short-term liquidity.

Financial Health Signals

Financial Health Score 64/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Dover Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Dover Corporation 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 75/100, reflecting efficient cost management and pricing power. This is up from 15.6% the prior year.

Growth

Dover Corporation's revenue grew a modest 4.5% year-over-year to $8.1B. This slow but positive growth earns a score of 40/100.

Leverage

Dover Corporation has a moderate D/E ratio of 0.35. This balance of debt and equity financing earns a leverage score of 59/100.

Liquidity

Dover Corporation's current ratio of 1.79 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Dover Corporation converts 13.8% of revenue into free cash flow ($1.1B). This strong cash generation earns a score of 75/100.

Returns

Dover Corporation earns a strong 14.8% return on equity (ROE), meaning it generates $15 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 79/100. This is down from 38.8% the prior year.

Altman Z-Score Safe

5.14

Dover Corporation scores 5.14, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Dover Corporation 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 Corporation generates $1.22 in operating cash flow ($1.3B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

12.51x

Dover Corporation earns $12.51 in operating income for every $1 of interest expense ($1.4B vs $109.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.2B

YoY+6.9%

QoQ+6.6%

5Y CAGR+1.5%

10Y CAGR+2.6%

Dover Corporation generated $2.2B in revenue in Q2 2026. This represents an increase of 6.9% from the same quarter a year earlier. Against the prior quarter it is up 6.6%.

EBITDA

$488.6M

YoY+8.8%

QoQ+21.1%

5Y CAGR+3.3%

Dover Corporation's EBITDA was $488.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.8% from the same quarter a year earlier. Against the prior quarter it is up 21.1%.

Net Income

$312.2M

YoY+11.9%

QoQ+31.0%

5Y CAGR+3.4%

10Y CAGR+10.2%

Dover Corporation reported $312.2M in net income in Q2 2026. This represents an increase of 11.9% from the same quarter a year earlier. Against the prior quarter it is up 31.0%.

EPS (Diluted)

$2.30

YoY+13.9%

QoQ+31.4%

5Y CAGR+4.8%

10Y CAGR+11.7%

Dover Corporation earned $2.30 per diluted share (EPS) in Q2 2026. This represents an increase of 13.9% from the same quarter a year earlier. Against the prior quarter it is up 31.4%.

Cash & Balance Sheet

Free Cash Flow

$188.4M

YoY+24.4%

QoQ+43.6%

5Y CAGR-2.9%

10Y CAGR+0.9%

Dover Corporation generated $188.4M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 24.4% from the same quarter a year earlier. Against the prior quarter it is up 43.6%.

Cash & Debt

$1.8B

YoY+38.8%

QoQ+6.9%

5Y CAGR+23.9%

10Y CAGR+21.3%

Dover Corporation held $1.8B in cash against $2.6B in long-term debt as of Q2 2026.

Dividends Per Share

$0.52

YoY+1.0%

QoQ0.0%

5Y CAGR+1.0%

10Y CAGR+2.2%

Dover Corporation paid $0.52 per share in dividends in Q2 2026. This represents an increase of 1.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

135M

YoY-1.8%

QoQ0.0%

5Y CAGR-1.3%

10Y CAGR-1.4%

Dover Corporation had 135M shares outstanding in Q2 2026. This represents a decrease of 1.8% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

40.2%

YoY+0.3pp

QoQ+1.4pp

5Y change+2.2pp

10Y change+2.8pp

Dover Corporation's gross margin was 40.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Operating Margin

17.9%

YoY+0.6pp

QoQ+3.0pp

5Y change+1.0pp

Dover Corporation's operating margin was 17.9% in Q2 2026, reflecting core business profitability. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.0 percentage points.

Net Margin

14.3%

YoY+0.6pp

QoQ+2.7pp

5Y change+1.2pp

10Y change+7.3pp

Dover Corporation's net profit margin was 14.3% in Q2 2026, showing the share of revenue converted to profit. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.7 percentage points.

Return on Equity

4.0%

YoY+0.3pp

QoQ+0.9pp

5Y change-3.1pp

10Y change+0.9pp

Dover Corporation's ROE was 4.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.

Capital Allocation

Share Buybacks

QoQ-100.0%

Dover Corporation repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.

Capital Expenditures

$47.8M

YoY-21.6%

QoQ-20.1%

5Y CAGR+2.6%

10Y CAGR+3.0%

Dover Corporation invested $47.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 21.6% from the same quarter a year earlier. Against the prior quarter it is down 20.1%.

R&D Spending

Not reported for Q2 2026.

DOV Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DOV quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$8.4B	$8.1B+4.5%	$7.7B+0.8%	$7.7B-2.0%	$7.8B-0.8%	$7.9B+18.3%	$6.7B-6.3%	$7.1B+2.1%	$7.0B+2.5%	$6.8B+12.9%	$6.0B-13.1%	$7.0B-10.3%	$7.8B+8.4%	$7.2B+8.0%	$6.6B-10.1%	$7.4B
Cost of Revenue	$5.1B	$4.9B+1.8%	$4.8B-0.6%	$4.8B-2.5%	$4.9B0.0%	$4.9B+17.3%	$4.2B-6.8%	$4.5B+1.9%	$4.4B+3.3%	$4.3B+12.5%	$3.8B-13.0%	$4.4B-8.2%	$4.8B+9.2%	$4.4B+8.2%	$4.0B-10.6%	$4.5B
Gross Profit	$3.3B	$3.2B+8.8%	$3.0B+3.2%	$2.9B-1.3%	$2.9B-2.2%	$3.0B+20.0%	$2.5B-5.6%	$2.6B+2.4%	$2.6B+1.2%	$2.5B+13.5%	$2.2B-13.3%	$2.6B-13.7%	$3.0B+7.0%	$2.8B+7.7%	$2.6B-9.3%	$2.8B
R&D Expenses	N/A	$165.3M+10.5%	$149.6M+7.6%	$139.1M-8.1%	$151.4M-4.1%	$157.8M+11.1%	$142.1M+0.8%	$141.0M-1.5%	$143.0M+9.6%	$130.5M+12.7%	$115.8M+0.7%	$115.0M-2.8%	$118.4M+1.1%	$117.2M-5.2%	$123.6M-29.6%	$175.5M
SG&A Expenses	$1.9B	$1.8B+5.3%	$1.8B+6.3%	$1.6B+1.4%	$1.6B-3.7%	$1.7B+9.6%	$1.5B-3.6%	$1.6B-6.8%	$1.7B-0.3%	$1.7B+13.4%	$1.5B-7.8%	$1.6B-6.3%	$1.8B+8.8%	$1.6B+6.3%	$1.5B-11.6%	$1.7B
Operating Income	$1.4B	$1.4B+13.8%	$1.2B-1.1%	$1.2B-4.7%	$1.3B-0.1%	$1.3B+37.4%	$933.0M-4.3%	$974.9M+15.6%	$843.1M+4.5%	$806.9M+13.8%	$709.0M-23.0%	$920.8M-24.2%	$1.2B+4.6%	$1.2B+9.7%	$1.1B-5.8%	$1.1B
EBITDA	N/A	$1.8B+13.5%	$1.5B+1.3%	$1.5B-3.2%	$1.6B+0.2%	$1.6B+29.7%	$1.2B-2.8%	$1.2B+10.8%	$1.1B+3.3%	$1.1B+13.7%	$958.6M-23.2%	$1.2B-18.0%	$1.5B+5.8%	$1.4B+11.7%	$1.3B-8.9%	$1.4B
Interest Expense	$114.0M	$109.8M-16.3%	$131.2M-0.1%	$131.3M+12.8%	$116.5M+9.5%	$106.3M-5.0%	$111.9M-11.0%	$125.8M-3.9%	$131.0M-9.6%	$144.9M+6.6%	$136.0M+3.3%	$131.7M0.0%	$131.7M+5.7%	$124.5M-1.2%	$126.0M+1.0%	$124.8M
Income Tax	$284.0M	$276.8M-22.5%	$357.0M+99.3%	$179.1M-10.6%	$200.3M-27.7%	$277.0M+75.0%	$158.3M-4.1%	$165.1M+23.0%	$134.2M+3.9%	$129.2M-29.2%	$182.5M-10.8%	$204.7M-35.2%	$316.1M+27.2%	$248.5M-11.6%	$281.0M+18.5%	$237.1M
Net Income	$1.1B	$1.1B-59.4%	$2.7B+155.2%	$1.1B-0.8%	$1.1B-5.2%	$1.1B+64.4%	$683.5M+0.8%	$677.9M+18.9%	$570.3M-29.7%	$811.7M+59.5%	$508.9M-41.5%	$869.8M+12.2%	$775.2M-22.7%	$1.0B+23.7%	$811.1M-9.4%	$895.2M
EPS (Basic)	N/A	$7.99-59.2%	$19.58+159.0%	$7.56+1.2%	$7.47-4.4%	$7.81+64.8%	$4.74+1.5%	$4.67+22.9%	$3.80-27.1%	$5.21+58.8%	$3.28-40.6%	$5.52+18.7%	$4.65-20.6%	$5.86+31.1%	$4.47-7.3%	$4.82
EPS (Diluted)	$8.30	$7.94-59.2%	$19.45+158.6%	$7.52+1.3%	$7.42-4.1%	$7.74+64.7%	$4.70+2.0%	$4.61+22.9%	$3.75-27.2%	$5.15+58.5%	$3.25-40.5%	$5.46+19.0%	$4.59-20.6%	$5.78+31.1%	$4.41-7.0%	$4.74
Diluted Shares (Avg)	N/A	138M-0.7%	139M-1.4%	141M-2.1%	144M-1.2%	145M-0.1%	145M-1.1%	147M-3.4%	152M-3.6%	158M+0.7%	157M-1.6%	159M-5.7%	169M-2.7%	174M-5.7%	184M-2.6%	189M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$2.2B+6.9%	$2.1B+10.1%	$2.1B+8.8%	$2.1B+4.8%	$2.0B+5.2%	$1.9B-0.9%	$1.9B+24.8%	$2.0B+1.3%
Cost of Revenue	$1.3B+6.3%	$1.3B+12.0%	$1.3B+7.9%	$1.2B+2.0%	$1.2B+2.9%	$1.1B-5.6%	$1.2B+28.1%	$1.2B+0.1%
Gross Profit	$880.6M+7.6%	$798.1M+7.1%	$820.8M+10.1%	$833.6M+9.2%	$818.3M+8.7%	$745.5M+6.9%	$745.7M+19.8%	$763.2M+3.2%
SG&A Expenses	$488.8M+5.4%	$492.2M+9.6%	$475.5M+5.5%	$456.4M+6.3%	$463.7M+8.1%	$449.2M+1.4%	$450.7M+19.0%	$429.6M+6.6%
Operating Income	$391.8M+10.5%	$305.9M+3.2%	$345.3M+17.0%	$377.2M+13.0%	$354.6M+9.6%	$296.3M+16.6%	$295.1M+21.1%	$333.6M-0.9%
EBITDA	$488.6M+8.8%	$403.3M+5.1%	$444.6M+16.5%	$475.6M+13.2%	$449.0M+10.5%	$383.7M+14.2%	$381.7M+21.3%	$420.3M+1.5%
Interest Expense	$29.1M+8.5%	$29.5M+6.9%	$28.1M-0.6%	$27.2M-20.2%	$26.8M-17.2%	$27.6M-24.1%	$28.3M-8.4%	$34.1M+5.4%
Income Tax	$75.2M+4.4%	$60.2M+7.1%	$65.8M+0.8%	$83.0M+13.0%	$72.0M+18.4%	$56.1M-64.4%	$65.3M+783.9%	$73.4M+30.5%
Net Income	$312.2M+11.9%	$238.4M+3.3%	$282.1M-80.4%	$302.0M-13.0%	$279.1M-1.0%	$230.8M-63.5%	$1.4B+384.7%	$347.1M+19.8%
EPS (Basic)	$2.32+14.3%	$1.77+5.4%	$2.07-80.2%	$2.20-13.0%	$2.03-1.0%	$1.68-63.1%	$10.44+392.5%	$2.53+22.2%
EPS (Diluted)	$2.30+13.9%	$1.75+4.8%	$2.06-80.1%	$2.19-12.7%	$2.02-1.0%	$1.67-63.1%	$10.37+391.5%	$2.51+21.8%
Diluted Shares (Avg)	136M-1.8%	136M-1.7%	N/A	138M-0.1%	138M-0.3%	138M-1.2%	N/A	138M-1.7%

Not reported in any period shown, so not listed: R&D Expenses.

DOV Balance Sheet

DOV quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$13.4B+7.3%	$12.5B+10.2%	$11.3B+4.1%	$10.9B+4.7%	$10.4B+13.7%	$9.2B+5.6%	$8.7B+3.6%	$8.4B-21.5%	$10.7B+5.4%	$10.1B+17.5%	$8.6B-4.7%	$9.0B-16.8%	$10.9B+3.9%	$10.4B+9.9%	$9.5B
Current Assets	$4.5B+0.5%	$4.5B+32.3%	$3.4B-1.0%	$3.4B+11.8%	$3.1B+16.9%	$2.6B+2.8%	$2.5B+1.8%	$2.5B-10.3%	$2.8B+7.8%	$2.6B+7.0%	$2.4B-14.6%	$2.8B+4.3%	$2.7B-10.2%	$3.0B-6.8%	$3.2B
Cash & Equivalents	$1.7B-9.1%	$1.8B+362.9%	$398.6M+4.6%	$380.9M-1.2%	$385.5M-24.9%	$513.1M+29.2%	$397.3M+0.3%	$396.2M-47.4%	$754.0M+115.9%	$349.1M-3.6%	$362.2M-46.9%	$681.6M-15.2%	$803.9M+0.5%	$800.1M-33.7%	$1.2B
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.3B+11.2%	$1.1B+0.1%	$1.1B-16.3%	$1.4B+14.7%	$1.2B+42.5%	$835.8M+3.7%	$806.1M+7.7%	$748.8M+10.6%	$677.0M-22.2%	$870.5M+8.4%	$802.9M-7.0%	$863.7M+20.7%	$715.3M-18.0%	$872.8M+18.9%	$733.8M
Accounts Receivable	$1.4B+1.3%	$1.4B+2.5%	$1.3B-12.9%	$1.5B+12.6%	$1.3B+18.5%	$1.1B-6.6%	$1.2B-1.2%	$1.2B+4.1%	$1.2B-6.5%	$1.3B+12.9%	$1.1B-5.6%	$1.2B+10.2%	$1.1B-12.2%	$1.2B+9.6%	$1.1B
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$5.4B+10.7%	$4.9B+5.8%	$4.6B+4.8%	$4.4B-2.9%	$4.6B+11.9%	$4.1B+7.6%	$3.8B+2.9%	$3.7B-0.2%	$3.7B+0.6%	$3.7B-1.9%	$3.7B+7.0%	$3.5B+12.3%	$3.1B+3.7%	$3.0B-14.5%	$3.5B
Total Liabilities	$6.0B+8.3%	$5.6B-11.0%	$6.2B-5.6%	$6.6B+6.4%	$6.2B+7.8%	$5.8B+2.3%	$5.6B+0.7%	$5.6B-10.8%	$6.3B-0.7%	$6.3B+27.3%	$5.0B-6.9%	$5.3B-2.7%	$5.5B-0.8%	$5.5B+20.9%	$4.6B
Current Liabilities	$2.5B+14.7%	$2.2B-9.0%	$2.4B-13.0%	$2.8B+23.2%	$2.3B+29.4%	$1.7B-0.5%	$1.7B-4.3%	$1.8B-14.7%	$2.1B+10.4%	$1.9B+41.9%	$1.4B-32.9%	$2.0B+51.9%	$1.3B-32.4%	$2.0B+74.3%	$1.1B
Non-Current Liabilities	$3.5B+4.2%	$3.4B-12.3%	$3.8B-0.2%	$3.8B-3.2%	$4.0B-1.6%	$4.0B+3.6%	$3.9B+3.2%	$3.8B-8.8%	$4.1B-5.5%	$4.4B+21.7%	$3.6B+9.2%	$3.3B-20.4%	$4.1B+16.9%	$3.5B+3.2%	$3.4B
Long-Term Debt	$2.6B+3.6%	$2.5B-15.5%	$3.0B+1.7%	$2.9B-2.5%	$3.0B-2.9%	$3.1B+4.1%	$3.0B+1.4%	$2.9B-1.4%	$3.0B-6.9%	$3.2B+23.2%	$2.6B+15.6%	$2.3B-13.3%	$2.6B+18.7%	$2.2B+0.1%	$2.2B
Total Equity	$7.4B+6.5%	$7.0B+36.2%	$5.1B+19.1%	$4.3B+2.3%	$4.2B+23.7%	$3.4B+11.6%	$3.0B+9.5%	$2.8B-36.8%	$4.4B+15.4%	$3.8B+4.3%	$3.6B-1.5%	$3.7B-31.2%	$5.4B+9.3%	$4.9B-0.2%	$4.9B
Retained Earnings	$14.2B+6.0%	$13.4B+22.0%	$11.0B+7.6%	$10.2B+8.2%	$9.4B+9.7%	$8.6B+4.8%	$8.2B+5.1%	$7.8B-7.6%	$8.5B+6.7%	$7.9B+3.1%	$7.7B+8.6%	$7.1B-11.1%	$8.0B+10.5%	$7.2B+8.6%	$6.6B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$13.7B+4.0%	$13.5B+6.8%	$13.4B+7.3%	$13.4B+12.7%	$13.2B+16.6%	$12.6B+5.5%	$12.5B+10.2%	$11.9B+10.6%
Current Assets	$5.0B+17.3%	$4.7B+2.7%	$4.5B+0.5%	$4.5B+20.2%	$4.2B+29.2%	$4.6B+16.5%	$4.5B+32.3%	$3.7B+8.4%
Cash & Equivalents	$1.8B+38.8%	$1.6B-9.1%	$1.7B-9.1%	$1.6B+301.5%	$1.3B+284.8%	$1.8B+94.1%	$1.8B+362.9%	$386.8M+36.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.4B+8.8%	$1.4B+13.4%	$1.3B+11.2%	$1.3B+8.9%	$1.3B+5.4%	$1.2B-2.9%	$1.1B+0.1%	$1.2B-5.1%
Accounts Receivable	$1.5B+2.8%	$1.4B+4.7%	$1.4B+1.3%	$1.5B+1.6%	$1.5B-5.1%	$1.4B-9.2%	$1.4B+2.5%	$1.4B-7.7%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$5.4B+0.1%	$5.4B+8.9%	$5.4B+10.7%	$5.4B+8.6%	$5.4B+8.5%	$5.0B0.0%	$4.9B+5.8%	$5.0B+8.0%
Total Liabilities	$6.0B+4.7%	$6.0B+9.2%	$6.0B+8.3%	$5.8B-7.4%	$5.7B-3.5%	$5.5B-19.4%	$5.6B-11.0%	$6.2B+4.6%
Current Liabilities	$2.5B+15.6%	$2.5B+17.2%	$2.5B+14.7%	$2.2B-7.6%	$2.2B+1.5%	$2.1B-28.3%	$2.2B-9.0%	$2.4B+9.1%
Non-Current Liabilities	$3.5B-1.9%	$3.5B+4.1%	$3.5B+4.2%	$3.6B-7.2%	$3.6B-6.3%	$3.4B-12.4%	$3.4B-12.3%	$3.8B+2.0%
Long-Term Debt	$2.6B-3.4%	$2.6B+1.0%	$2.6B+3.6%	$2.7B-11.2%	$2.7B-9.9%	$2.6B-13.5%	$2.5B-15.5%	$3.0B+2.1%
Total Equity	$7.7B+3.5%	$7.5B+4.9%	$7.4B+6.5%	$7.7B+34.5%	$7.4B+38.7%	$7.1B+38.5%	$7.0B+36.2%	$5.7B+17.9%
Retained Earnings	$14.6B	N/A	$14.2B+6.0%	N/A	N/A	N/A	$13.4B+22.0%	N/A

DOV Cash Flow Statement

DOV quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.4B	$1.3B+23.0%	$1.1B-18.6%	$1.3B+65.9%	$805.7M-27.8%	$1.1B+1.0%	$1.1B+16.9%	$945.3M+19.8%	$789.2M+6.7%	$739.4M+0.7%	$734.6M-22.6%	$949.1M-0.1%	$950.2M-3.0%	$979.6M+1.2%	$968.4M+2.1%	$948.9M
Depreciation & Amortization	N/A	$379.6M+12.4%	$337.8M+10.8%	$305.0M+3.2%	$295.7M+1.9%	$290.1M+4.0%	$279.1M+2.5%	$272.3M-3.6%	$282.6M-0.2%	$283.3M+13.5%	$249.7M-23.7%	$327.1M+6.5%	$307.2M+10.5%	$278.0M+20.9%	$229.9M-20.8%	$290.5M
Stock-Based Compensation	N/A	$44.0M+9.0%	$40.4M+31.2%	$30.8M+2.3%	$30.1M-3.3%	$31.1M+24.3%	$25.0M-15.7%	$29.7M+25.3%	$23.7M-1.6%	$24.1M+29.1%	$18.6M-39.2%	$30.7M-2.9%	$31.6M+3.8%	$30.5M-1.3%	$30.9M+22.9%	$25.1M
Capital Expenditures	$218.7M	$220.3M+31.5%	$167.5M-8.7%	$183.4M-13.1%	$211.1M+23.1%	$171.5M+3.5%	$165.7M-11.3%	$186.8M+9.2%	$171.0M+0.5%	$170.1M+21.8%	$139.6M-9.5%	$154.3M-7.1%	$166.0M+17.2%	$141.7M-3.3%	$146.5M-44.2%	$262.7M
Free Cash Flow	$1.2B	$1.1B+21.5%	$920.3M-20.2%	$1.2B+93.9%	$594.6M-37.0%	$944.4M+0.6%	$939.1M+23.8%	$758.5M+22.7%	$618.2M+8.6%	$569.3M-4.3%	$595.0M-25.1%	$794.8M+1.4%	$784.1M-6.4%	$837.9M+2.0%	$821.9M+19.8%	$686.2M
Investing Cash Flow	N/A	N/A	N/A	-$726.6M-34.3%	-$540.9M+45.5%	-$992.8M-106.2%	-$481.4M-25.3%	-$384.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$653.4M	-$624.9M+50.9%	-$1.3B-123.9%	-$568.1M-118.3%	-$260.3M-4.2%	-$249.9M+50.6%	-$506.3M+9.3%	-$558.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	$281.4M	$283.0M0.0%	$283.1M-0.4%	$284.3M-1.1%	$287.6M+0.2%	$286.9M+0.9%	$284.3M+0.7%	$282.2M-0.5%	$283.6M-0.1%	$284.0M+6.1%	$267.7M+3.8%	$258.0M-0.2%	$258.5M+4.3%	$247.8M+2.8%	$241.0M+9.9%	$219.2M
Share Buybacks	$553.9M	$540.7M+8.1%	$500.0M	$0-100.0%	$585.0M+2603.7%	$21.6M-79.6%	$106.3M-25.8%	$143.3M-84.0%	$895.0M+752.2%	$105.0M	$0-100.0%	$600.2M-0.2%	$601.1M+31.3%	$457.9M-38.9%	$749.0M+208.9%	$242.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$236.2M+11.2%	$191.0M+21.3%	$543.9M+23.9%	$424.2M+20.1%	$212.3M+64.5%	$157.5M-5.5%	$439.0M-28.7%	$353.2M+24.2%
Depreciation & Amortization	$96.8M+2.6%	$97.4M+11.4%	$99.3M+14.6%	$98.5M+13.6%	$94.4M+14.1%	$87.4M+6.9%	$86.7M+11.8%	$86.7M+12.0%
Stock-Based Compensation	$6.8M-2.9%	$21.0M-12.2%	N/A	$6.7M-17.8%	$7.0M-25.7%	$23.9M+62.5%	N/A	$8.2M+22.4%
Capital Expenditures	$47.8M-21.6%	$59.8M+24.1%	$57.0M+5.7%	$54.1M+43.4%	$60.9M+70.1%	$48.2M+20.3%	$53.9M-5.9%	$37.8M+0.2%
Free Cash Flow	$188.4M+24.4%	$131.2M+20.0%	$487.0M+26.5%	$370.1M+17.3%	$151.4M+62.4%	$109.3M-13.6%	$385.0M-31.0%	$315.5M+27.8%
Investing Cash Flow	N/A	-$61.7M+16.9%	N/A	N/A	N/A	-$74.2M-117.3%	N/A	N/A
Financing Cash Flow	-$73.6M+12.6%	-$161.5M-32.1%	-$344.5M+24.0%	-$73.9M-179.4%	-$84.2M+89.9%	-$122.2M-51.3%	-$453.2M-339.6%	$93.0M+129.7%
Dividends Paid	$70.0M-0.9%	$70.4M-1.3%	$69.8M-1.3%	$71.2M+0.6%	$70.6M+0.6%	$71.4M-0.1%	$70.8M-0.9%	$70.7M-1.0%
Share Buybacks	$0	$53.9M+32.5%	$500.0M	$0	$0	$40.7M-91.9%	$0	$0

DOV Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DOV quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	39.8%+1.6pp	38.2%+0.9pp	37.3%+0.3pp	37.0%-0.5pp	37.6%+0.5pp	37.0%+0.3pp	36.7%+0.1pp	36.6%-0.5pp	37.1%+0.2pp	36.9%-0.1pp	36.9%-1.4pp	38.4%-0.5pp	38.8%-0.1pp	38.9%+0.3pp	38.6%
Operating Margin	17.0%+1.4pp	15.6%-0.3pp	15.9%-0.4pp	16.3%+0.1pp	16.2%+2.2pp	14.0%+0.3pp	13.7%+1.6pp	12.1%+0.2pp	11.8%+0.1pp	11.7%-1.5pp	13.2%-2.4pp	15.7%-0.6pp	16.2%+0.3pp	16.0%+0.7pp	15.3%
Net Margin	13.5%-21.3pp	34.8%+21.1pp	13.8%+0.2pp	13.6%-0.6pp	14.2%+4.0pp	10.2%+0.7pp	9.5%+1.3pp	8.2%-3.7pp	11.9%+3.5pp	8.4%-4.1pp	12.5%+2.5pp	10.0%-4.0pp	14.0%+1.8pp	12.2%+0.1pp	12.2%
Return on Equity	14.8%-24.0pp	38.8%+18.1pp	20.7%-4.2pp	24.9%-2.0pp	26.8%+6.6pp	20.2%-2.2pp	22.4%+1.8pp	20.6%+2.1pp	18.5%+5.1pp	13.4%-10.5pp	23.9%+2.9pp	20.9%+2.3pp	18.6%+2.2pp	16.5%-1.7pp	18.2%
Return on Assets	8.2%-13.4pp	21.6%+12.3pp	9.3%-0.5pp	9.8%-1.0pp	10.8%+3.3pp	7.5%-0.4pp	7.8%+1.0pp	6.8%-0.8pp	7.6%+2.6pp	5.0%-5.1pp	10.1%+1.5pp	8.6%-0.7pp	9.2%+1.5pp	7.8%-1.7pp	9.4%
Current Ratio	1.79-0.3x	2.04+0.6x	1.40+0.2x	1.23-0.1x	1.36-0.1x	1.510.0x	1.46+0.1x	1.37+0.1x	1.300.0x	1.33-0.4x	1.77+0.4x	1.39-0.6x	2.02+0.5x	1.52-1.3x	2.85
Debt-to-Equity	0.350.0x	0.36-0.2x	0.59-0.1x	0.690.0x	0.72-0.2x	0.92-0.1x	0.98-0.1x	1.06+0.4x	0.68-0.2x	0.84+0.1x	0.71+0.1x	0.61+0.1x	0.480.0x	0.450.0x	0.44
Asset Turnover	0.600.0x	0.62-0.1x	0.680.0x	0.720.0x	0.760.0x	0.73-0.1x	0.820.0x	0.84+0.2x	0.640.0x	0.60-0.2x	0.81-0.1x	0.86+0.2x	0.660.0x	0.63-0.1x	0.78
FCF Margin	13.8%+1.9pp	11.9%-3.1pp	15.0%+7.4pp	7.6%-4.4pp	11.9%-2.1pp	14.1%+3.4pp	10.6%+1.8pp	8.8%+0.5pp	8.3%-1.5pp	9.8%-1.6pp	11.4%+1.3pp	10.1%-1.6pp	11.7%-0.7pp	12.4%+3.1pp	9.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	40.2%+0.3pp	38.9%-1.1pp	39.1%+0.5pp	40.1%+1.6pp	39.9%+1.3pp	40.0%+2.9pp	38.6%-1.6pp	38.5%+0.7pp
Operating Margin	17.9%+0.6pp	14.9%-1.0pp	16.4%+1.2pp	18.1%+1.3pp	17.3%+0.7pp	15.9%+2.4pp	15.3%-0.5pp	16.8%-0.4pp
Net Margin	14.3%+0.6pp	11.6%-0.8pp	13.4%-61.0pp	14.5%-3.0pp	13.6%-0.8pp	12.4%-21.2pp	74.4%+55.3pp	17.5%+2.7pp
Return on Equity	4.0%+0.3pp	3.2%-0.1pp	3.8%-16.8pp	3.9%-2.2pp	3.8%-1.5pp	3.2%-9.0pp	20.6%+14.8pp	6.1%+0.1pp
Return on Assets	2.3%+0.2pp	1.8%-0.1pp	2.1%-9.4pp	2.3%-0.7pp	2.1%-0.4pp	1.8%-3.4pp	11.5%+8.9pp	2.9%+0.2pp
Current Ratio	1.980.0x	1.87-0.3x	1.79-0.3x	2.04+0.5x	1.95+0.4x	2.13+0.8x	2.04+0.6x	1.570.0x
Debt-to-Equity	0.330.0x	0.350.0x	0.350.0x	0.35-0.2x	0.36-0.2x	0.36-0.2x	0.36-0.2x	0.53-0.1x
Asset Turnover	0.160.0x	0.150.0x	0.160.0x	0.150.0x	0.160.0x	0.150.0x	0.150.0x	0.170.0x
FCF Margin	8.6%+1.2pp	6.4%+0.5pp	23.2%+3.3pp	17.8%+1.9pp	7.4%+2.6pp	5.9%-0.9pp	20.0%-16.1pp	15.9%+3.3pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Dover Corporation DOV	FY2025	$8.1B	$1.1B	13.5%	$25.4B	64/100
Ingersoll Rand Inc. IR	FY2025	$7.7B	$581.4M	7.6%	$30.6B	61/100
Pentair plc PNR	FY2025	$4.2B	$653.8M	15.7%	$8.4B	61/100
Xylem Inc XYL	FY2025	$9.0B	$957.0M	10.6%	$24.0B	68/100
Symbotic Inc. SYM	FY2025	$2.2B	-$16.9M	-0.8%	$5.5B	33/100
Graco Inc GGG	FY2025	$2.2B	$521.8M	23.3%	$12.7B	77/100

Where Dover Corporation Ranks

Frequently Asked Questions

What is Dover Corporation's annual revenue?

Dover Corporation (DOV) reported $8.1B in total revenue for fiscal year 2025. This represents a 4.5% 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 Corporation's revenue growing?

Dover Corporation (DOV) revenue grew by 4.5% year-over-year, from $7.7B to $8.1B in fiscal year 2025.

Is Dover Corporation profitable?

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

What is Dover Corporation's EBITDA?

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

How much debt does Dover Corporation have?

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

What is Dover Corporation's gross margin?

Dover Corporation (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 Corporation's operating margin?

Dover Corporation (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 Corporation's net profit margin?

Dover Corporation (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 Corporation pay dividends?

Yes, Dover Corporation (DOV) paid $2.07 per share in dividends during fiscal year 2025.

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

Dover Corporation (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 Corporation's free cash flow?

Dover Corporation (DOV) generated $1.1B in free cash flow during fiscal year 2025. This represents a 21.5% 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 Corporation's operating cash flow?

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

What are Dover Corporation's total assets?

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

What are Dover Corporation's capital expenditures?

Dover Corporation (DOV) invested $220.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Dover Corporation spend on research and development?

Dover Corporation (DOV) invested $165.3M in research and development during fiscal year 2025.

Does Dover Corporation buy back shares?

Yes, Dover Corporation (DOV) spent $540.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Dover Corporation have outstanding?

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

What is Dover Corporation's current ratio?

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

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

Dover Corporation (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 Corporation's return on assets (ROA)?

Dover Corporation (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 Corporation's P/E ratio?

Dover Corporation (DOV) trades at 22.4x earnings, its market capitalization divided by net income of $1.1B net income, trailing 12 months to June 30, 2026. The market capitalization is $25.4B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Dover Corporation's price-to-sales ratio?

Dover Corporation (DOV) trades at 3.0x sales, its market capitalization divided by revenue of $8.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $25.4B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Dover Corporation's Altman Z-Score?

Dover Corporation (DOV) has an Altman Z-Score of 5.14, 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 Corporation's Piotroski F-Score?

Dover Corporation (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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Dover Corporation's earnings high quality?

Dover Corporation (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 Corporation cover its interest payments?

Dover Corporation (DOV) has an interest coverage ratio of 12.51x, 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 Corporation?

Dover Corporation (DOV) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.