Saturday 17 October 2026
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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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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
18.82 | 15.77 | 18.62 | 24.68 | 26.58 | 23.25 | 18.08 | 20.04 | 9.57 | 24.47 |
Piotroski F-Score |
4 | 6 | 6 | 8 | 7 | 7 | 4 | 7 | 7 | 6 |
P/S ratio |
1.59 | 1.87 | 1.52 | 2.35 | 2.72 | 3.31 | 2.46 | 2.76 | 3.34 | 3.30 |
Altman Z-Score |
2.90 | 3.29 | 3.71 | 4.41 | 4.39 | 5.05 | 4.25 | 4.56 | 5.45 | 5.27 |
Altman Z″-Score (non-manufacturers) |
4.08 | 4.23 | 4.77 | 5.01 | 5.00 | 5.01 | 4.92 | 5.30 | 6.66 | 6.41 |
P/FCF ratio |
15.70 | 22.01 | 17.04 | 21.94 | 19.22 | 27.47 | 35.98 | 20.45 | 15.30 | 23.79 |
Beneish M-Score |
(2.41) | (2.52) | (2.64) | (2.60) | (2.75) | (2.29) | (2.27) | (2.68) | (2.34) | (2.56) |
P/Operating CF |
59.28 | 44.81 | 28.70 | 46.33 | 43.52 | 79.86 | 68.91 | 42.50 | 58.87 | 49.15 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 86 |
P/B ratio |
2.52 | 2.92 | 3.84 | 5.52 | 5.37 | 6.24 | 4.50 | 4.15 | 3.72 | 3.61 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 55.28 | 124.03 |
EV/Sales |
2.06 | 2.20 | 1.89 | 2.73 | 3.12 | 3.66 | 2.88 | 3.12 | 3.45 | 3.51 |
EV/EBITDA |
12.98 | 13.78 | 11.71 | 15.60 | 17.19 | 18.40 | 14.36 | 15.74 | 17.31 | 16.19 |
EV/Operating CF |
16.93 | 20.31 | 16.70 | 20.58 | 18.86 | 25.92 | 30.28 | 19.67 | 24.57 | 21.22 |
EV/FCF |
20.39 | 25.85 | 21.12 | 25.51 | 22.01 | 30.40 | 42.22 | 23.15 | 15.82 | 25.26 |
Quick Ratio |
0.83 | 0.90 | 0.89 | 0.92 | 0.95 | 0.77 | 0.68 | 0.71 | 1.46 | 1.21 |
Current Ratio |
1.33 | 1.30 | 1.37 | 1.46 | 1.51 | 1.36 | 1.23 | 1.40 | 2.04 | 1.79 |
Net Debt/EBITDA |
2.98 | 2.05 | 2.26 | 2.08 | 2.14 | 1.68 | 1.63 | 1.70 | 0.44 | 0.54 |
Debt/Assets |
31.70% | 28.02% | 35.19% | 34.44% | 33.97% | 29.02% | 27.00% | 26.36% | 20.22% | 19.53% |
Debt/Equity |
0.84 | 0.68 | 1.06 | 0.98 | 0.92 | 0.72 | 0.69 | 0.59 | 0.36 | 0.35 |
Asset Turnover |
0.65 | 0.66 | 0.74 | 0.84 | 0.75 | 0.81 | 0.74 | 0.69 | 0.65 | 0.62 |
Operating CF/Net income |
1.44 | 0.91 | 1.38 | 1.39 | 1.62 | 0.99 | 0.70 | 1.15 | 0.40 | 1.22 |
Capex/Depreciation |
(0.50) | (0.56) | (0.58) | (0.67) | (0.57) | (0.57) | (0.71) | (0.60) | 1.78 | (0.56) |
Interest Coverage |
5.21 | 5.57 | 6.44 | 7.75 | 8.33 | 12.05 | 10.99 | 9.29 | 9.20 | 12.51 |
| 13.67% | 19.84% | 15.95% | 23.37% | 21.30% | 29.67% | 25.14% | 22.50% | 44.73% | 15.24% | |
| 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% |
Return on Tangible Assets |
31.91% | 56.52% | 38.46% | 41.27% | 38.45% | 63.54% | 64.37% | 54.06% | 82.33% | 35.20% |
Average Days of Receivables |
76.42 | 63.33 | 64.31 | 62.25 | 62.10 | 62.20 | 70.58 | 62.75 | 63.81 | 61.85 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
25.13% | 25.25% | 24.55% | 22.41% | 23.06% | 21.35% | 20.72% | 21.45% | 22.62% | 22.80% |
Intangible Assets out of Total Assets |
0.63 | 0.47 | 0.58 | 0.56 | 0.56 | 0.57 | 0.55 | 0.54 | 0.52 | 0.54 |
Share Based Compensation of Revenue |
0.31% | 0.35% | 0.34% | 0.42% | 0.37% | 0.39% | 0.38% | 0.40% | 0.52% | 0.54% |
Graham Net Nets |
(0.39) | (0.27) | (0.29) | (0.18) | (0.17) | (0.12) | (0.17) | (0.13) | (0.04) | (0.06) |
Graham Number |
42.50 | 57.45 | 39.79 | 46.85 | 50.12 | 71.52 | 71.06 | 78.81 | 149.22 | 98.54 |
Earnings Yield |
5.31% | 6.34% | 5.37% | 4.05% | 3.76% | 4.30% | 5.53% | 4.99% | 10.45% | 4.09% |
Free Cash Flow Yield |
6.37% | 4.54% | 5.87% | 4.56% | 5.20% | 3.64% | 2.78% | 4.89% | 6.54% | 4.20% |
Revenue per Share |
38.93 | 43.81 | 46.65 | 49.15 | 46.40 | 54.94 | 54.98 | 54.95 | 56.24 | 59.10 |
Operating CF per Share |
4.73 | 4.75 | 5.27 | 6.51 | 7.67 | 7.75 | 5.23 | 8.72 | 7.90 | 9.77 |
Capex per Share |
(0.80) | (1.02) | (1.10) | (1.26) | (1.10) | (1.14) | (1.48) | (1.31) | 4.37 | (1.56) |
Free Cash Flow per Share |
3.93 | 3.73 | 4.16 | 5.25 | 6.57 | 6.61 | 3.75 | 7.41 | 12.26 | 8.21 |
Cash per Share |
2.25 | 4.84 | 2.64 | 2.74 | 3.56 | 2.68 | 2.67 | 2.85 | 13.39 | 12.25 |
Shareholders Equity per Share |
24.48 | 28.15 | 18.47 | 20.89 | 23.50 | 29.11 | 30.04 | 36.52 | 50.49 | 54.08 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
24.48 | 28.15 | 18.47 | 20.89 | 23.50 | 29.11 | 30.04 | 36.52 | 50.49 | 54.08 |
Free Cash Flow |
610.24 | 581.12 | 624.11 | 762.67 | 946.33 | 951.47 | 535.67 | 1,036.14 | 1,689.15 | 1,123.74 |
Working Capital |
648.87 | 648.17 | 676.33 | 800.34 | 880.39 | 811.37 | 650.19 | 976.47 | 2,287.97 | 1,988.45 |
Capital Expenditures |
(124.35) | (158.29) | (165.09) | (182.64) | (158.48) | (164.39) | (211.08) | (183.41) | 601.31 | (214.26) |
Net Current Asset Value |
(3,727.05) | (3,485.03) | (3,093.35) | (3,088.39) | (3,147.11) | (3,152.39) | (3,186.69) | (2,851.67) | (1,070.67) | (1,510.28) |
EV/EBIT |
17.55 | 18.62 | 15.63 | 19.95 | 22.33 | 22.57 | 17.67 | 19.67 | 22.16 | 20.67 |
Capex to Sales |
0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 | (0.08) | 0.03 |
Price to Operating Income |
13.52 | 15.85 | 12.61 | 17.17 | 19.49 | 20.40 | 15.06 | 17.38 | 21.42 | 19.47 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.26 | 0.36 | 0.35 | 0.32 | 0.31 | 0.30 | 0.29 | 0.31 | 0.34 | 0.34 |
Cash ROIC |
8.30% | 7.15% | 10.22% | 11.89% | 13.50% | 12.53% | 7.04% | 12.19% | 14.91% | 9.60% |
Accounts Receivable Turnover |
5.07 | 5.57 | 5.79 | 5.83 | 5.68 | 6.36 | 5.48 | 5.42 | 5.79 | 5.94 |
Accounts Payable Turnover |
5.15 | 5.01 | 4.79 | 4.78 | 4.74 | 5.12 | 4.61 | 5.01 | 5.62 | 5.66 |
Inventory Turnover |
4.56 | 5.55 | 6.22 | 5.81 | 5.13 | 4.87 | 3.86 | 3.84 | 4.18 | 4.03 |
Average Days of Payables |
79.43 | 75.01 | 79.84 | 74.41 | 74.04 | 79.37 | 78.93 | 64.75 | 64.66 | 65.57 |
Days of Inventory on Hand |
83.27 | 57.58 | 61.66 | 65.16 | 72.47 | 88.05 | 100.99 | 86.69 | 87.29 | 95.31 |
Average Receivables |
1,192.85 | 1,224.36 | 1,207.69 | 1,224.52 | 1,177.21 | 1,242.37 | 1,432.19 | 1,418.99 | 1,337.67 | 1,362.79 |
Average Payables |
740.60 | 856.16 | 925.77 | 945.06 | 887.27 | 963.76 | 1,070.86 | 961.30 | 851.24 | 861.84 |
Average Inventory |
836.69 | 773.77 | 712.92 | 777.47 | 820.97 | 1,013.45 | 1,278.85 | 1,255.35 | 1,144.46 | 1,208.81 |
Average Assets |
9,361.03 | 10,387.18 | 9,512.07 | 8,517.62 | 8,910.78 | 9,777.85 | 10,650.08 | 11,122.52 | 11,928.84 | 12,965.79 |
Average Common Equity |
3,722.16 | 4,091.46 | 3,575.92 | 2,900.66 | 3,209.22 | 3,787.65 | 4,237.95 | 4,696.49 | 6,030.30 | 7,179.60 |
Columns are period end dates