Saturday 17 October 2026 Export DOV’s income statement to Excel — free account

Dover Corporation

DOV Industrials Specialty Industrial Machinery

Dover Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.1 billion, up 4.48% from fiscal 2024. In the quarter to June 2026, revenue grew 6.85%, EPS grew 14.3%, free cash flow grew 22.7% and total debt rose 22.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

195.80 1.71 +0.88%

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Market cap: $26.1B
P/E: 23.4×
Fwd P/E: 23.7×
Dividend yield: 1.06%
F-score: 6/9
Altman Z: 5.27
Beneish M: −2.56
Dividend safety: 86/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 20.00

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	—	3	—	—	—	—	—	—	—	—

Insider Ownership 0.77%

Capital & Financial Ratios $m

Market Cap 26,140.00

Revenue 8,420.56

Net Income 1,134.75

Free Cash Flow 1,176.63

Net Debt 1,504.02

Current Ratio 1.98

Debt/Equity 0.42

P/E ratio 23.42

Fwd P/E 23.70

P/S ratio 3.13

P/B ratio 3.42

Past 5Y EPS Growth 11.06%

This Y EPS Growth 11.14%

Next Y EPS Growth 9.94%

Next Y revenue growth 7.25%

Next 5Y EPS Growth 9.62%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 73.31%

10-year low 10-year high

P/S against its own 10 years 76.04%

10-year low 10-year high

P/B against its own 10 years 29.49%

10-year low 10-year high

EV/Sales against its own 10 years 73.02%

10-year low 10-year high

EV/FCF against its own 10 years 43.53%

10-year low 10-year high

Dividends

Payout Ratio 0.25

Annual Dividend Rate 2.09

Annual Dividend Yield 1.06%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.12	0.52 0.52 0.53
2025	2.07	0.52 0.52 0.52 0.52
2024	2.05	0.51 0.51 0.52 0.52
2023	2.03	0.51 0.51 0.51 0.51
2022	2.01	0.50 0.50 0.51 0.51
2021	1.99	0.50 0.50 0.50 0.50
2020	1.97	0.49 0.49 0.50 0.50
2019	1.94	0.48 0.48 0.49 0.49
2018	1.81	0.38 0.47 0.48 0.48
2017	1.47	0.36 0.36 0.38 0.38
2016	1.39	0.34 0.34 0.36 0.36

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	399	1,845	1,677	1,756
Receivables	1,321	1,354	1,371	1,522
Inventory	1,144	1,145	1,273	1,421
Other	193	—	—	—
	3,390	4,484	4,507	4,952

	2023	2024	2025	Q'26
Payables	854	848	876	956
ST’ Debt	—	—	—	682
Other	65	—	—	—
	2,414	2,197	2,518	2,503

Compound Annual Growth %

	10y	5y	3y
Sales	1.52%	3.90%	1.04%
Cash Flow	3.49%	3.90%	21.46%
Earnings	2.32%	9.86%	0.89%
Book Value	7.35%	16.94%	19.99%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,054	2,190	—	—	—
’25	1,866	2,050	2,078	2,099	8,093
’24	1,884	1,949	1,984	1,930	7,746
’23	2,079	2,100	1,958	1,547	7,684
’22	2,052	2,159	2,158	1,475	7,844
’21	1,868	2,032	2,018	1,989	7,907
’20	1,656	1,499	1,748	1,780	6,684

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	191	236	—	—	—
’25	157	212	424	544	1,338
’24	146	149	353	439	1,088
’23	241	195	284	499	1,220
’22	24	179	265	280	747
’21	177	260	351	327	1,116
’20	76	272	339	418	1,105

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	131	188	—	—	—
’25	113	154	370	487	1,124
’24	718	176	408	386	1,689
’23	193	155	247	441	1,036
’22	(24)	129	199	230	536
’21	152	218	304	277	951
’20	37	234	297	378	946

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.75	2.30	—	—	—
’25	1.67	2.02	2.19	2.06	7.94
’24	4.52	2.04	2.51	10.38	19.45
’23	1.63	1.72	2.06	2.11	7.52
’22	1.56	2.00	2.00	1.87	7.42
’21	1.61	1.82	1.81	2.49	7.74
’20	1.21	0.86	1.38	1.25	4.70

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	41.12	60.92	65.83	69.09	62.95	115.88	114.49	127.25	143.97	143.04	Analyst estimates 2026–2028 Powerpack
	High	63.22	82.44	90.26	116.11	127.39	182.96	184.05	160.66	208.26	222.31
People
People	Employees	29,000	29,000	24,000	24,000	23,000	25,000	25,000	25,000	24,000	24,000
	Revenue/emp, $m	0.21	0.24	0.29	0.30	0.29	0.32	0.31	0.31	0.32	0.34
Income, $m
Income, $m	Revenue	6,043	6,821	6,992	7,136	6,684	7,907	7,844	7,684	7,746	8,093
	Gross margin, %	36.86	37.08	36.61	36.73	37.02	37.56	37.03	37.32	38.20	39.77
	EBT	685	876	725	843	842	1,401	1,190	1,123	1,757	1,374
	EBT margin, %	11.33	12.84	10.37	11.81	12.59	17.72	15.17	14.61	22.68	16.98
	Net income	509	812	570	678	683	1,124	1,065	1,057	2,697	1,094
	Depreciation	250	283	283	272	279	290	296	305	338	380
Per share, $
Per share, $	Revenue	38.93	43.81	46.65	49.15	46.40	54.94	54.98	54.95	56.24	59.10
	Earnings	3.28	5.21	3.80	4.67	4.74	7.81	7.47	7.56	19.58	7.99
	Cash flow	4.73	4.75	5.27	6.51	7.67	7.75	5.23	8.72	7.90	9.77
	Capex	(0.80)	(1.02)	(1.10)	(1.26)	(1.10)	(1.14)	(1.48)	(1.31)	4.37	(1.56)
	Free cash flow	3.93	3.73	4.16	5.25	6.57	6.61	3.75	7.41	12.26	8.21
	Book value	24.48	28.15	18.47	20.89	23.50	29.11	30.04	36.52	50.49	54.08
	Shares, m	155	156	150	145	144	144	143	140	138	137
Valuation, ×
Valuation, ×	P/E	18.82	15.77	18.62	24.68	26.58	23.25	18.08	20.04	9.57	24.47
	P/S	1.59	1.87	1.52	2.35	2.72	3.31	2.46	2.76	3.34	3.30
	P/B	2.52	2.92	3.84	5.52	5.37	6.24	4.50	4.15	3.72	3.61
	EV/Sales	2.06	2.20	1.89	2.73	3.12	3.66	2.88	3.12	3.45	3.51
	EV/FCF	20.39	25.85	21.12	25.51	22.01	30.40	42.22	23.15	15.82	25.26
Cash, $m
Cash, $m	Operating cash flow	735	739	789	945	1,105	1,116	747	1,220	1,088	1,338
	Capex	(124)	(158)	(165)	(183)	(158)	(164)	(211)	(183)	601	(214)
	Free cash flow	610	581	624	763	946	951	536	1,036	1,689	1,124
Balance, $m
Balance, $m	Working capital	649	648	676	800	880	811	650	976	2,288	1,988
	Total debt	3,207	2,987	2,944	2,986	3,109	3,019	2,943	2,992	2,529	2,621
	Net debt	2,857	2,233	2,547	2,588	2,596	2,633	2,562	2,593	684	944
	Shareholders’ equity	3,800	4,383	2,769	3,033	3,386	4,190	4,286	5,107	6,954	7,405
Returns, %
Returns, %	ROA	5.44	7.81	6.00	7.96	7.67	11.49	10.00	9.50	22.61	8.44
	ROIC	6.66	7.62	9.91	10.84	9.75	11.74	11.68	9.90	9.87	10.28
	ROE	13.67	19.84	15.95	23.37	21.30	29.67	25.14	22.50	44.73	15.24

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ROK Rockwell Automation, Inc.	$46.9B	39.9×	36.1×	+7.88% (above 0%: growing)	+40.38% (above 0%: growing)	+33.74% (above 0%: growing)	49.46%	21.75%	Compare
IR Ingersoll Rand Inc.	$30.2B	31.7×	29.8×	+8.52% (above 0%: growing)	n/m	+28.33% (above 0%: growing)	42.10%	18.56%	Compare
OTIS Otis Worldwide Corporation	$26.8B	18.2×	17.1×	+7.34% (above 0%: growing)	+12.00% (above 0%: growing)	+4.69% (above 0%: growing)	29.44%	14.90%	Compare
DOV Dover Corporation	$26.1B	23.4×	23.7×	+6.85% (above 0%: growing)	+14.29% (above 0%: growing)	+22.65% (above 0%: growing)	40.21%	17.89%
XYL Xylem Inc.	$24.1B	24.8×	24.1×	+1.52% (above 0%: growing)	+19.35% (above 0%: growing)	+1.93% (above 0%: growing)	41.22%	16.70%	Compare
SYM Symbotic Inc.	$24.1B	388×	193×	+21.74% (above 0%: growing)	n/m	+22.12% (above 0%: growing)	22.32%	4.56%	Compare
NDSN Nordson Corporation	$18.3B	32.5×	27.9×	+10.27% (above 0%: growing)	+22.87% (above 0%: growing)	+4.57% (above 0%: growing)	55.49%	27.28%	Compare
ITT ITT Inc.	$18.0B	38.7×	33.5×	+51.49% (above 0%: growing)	−37.91% (below 0%: shrinking)	+18.06% (above 0%: growing)	34.63%	12.24%	Compare
IEX IDEX Corporation	$17.4B	33.8×	30.5×	+6.38% (above 0%: growing)	+11.49% (above 0%: growing)	+20.49% (above 0%: growing)	46.36%	21.71%	Compare
Median of peers	$24.1B	33.1×	30.2×	+8.20%	+15.68%	+19.28%	41.66%	17.63%

All 76 Specialty Industrial Machinery stocks →

Dover Corporation (DOV) key facts

Concern: Net income was $1.1 billion, or $7.99 per share (basic), a net margin of 13.5%.
Strength: Dover Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.1 billion, up 4.48% from fiscal 2024.
Dover Corporation (DOV) is a Specialty Industrial Machinery company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, DOV traded at $195.80, a market capitalization of $26.1 billion.
At that price the stock trades at 23.4× trailing-twelve-month earnings and 3.1× sales; its P/E is higher than 73% of its own readings over the past ten years.
Dover Corporation pays an annual dividend of $2.09 per share, a yield of 1.06%, with a payout ratio of 25.1%.
Return on equity was 15.2% and debt-to-equity 0.42.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 5.27 (safe zone) for fiscal 2025.