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.

Revenue
+7.51%
EPS
+12.7%
Free cash flow
+3.58%
Total debt
+22.3%

Quarter to September 2026, against a year earlier

203.32 9.34 −4.39%
Market cap
$26.9B
P/E
23.5×
Fwd P/E
22.9×
Dividend yield
1.03%
F-score
6/9
Altman Z
5.27
Beneish M
−2.56
Dividend safety
86/100

Dover Corporation (DOV) Free cash flow margin

Alert me on Free cash flow margin

Dover Corporation's free cash flow margin over the twelve months to 30 September 2026 was 13.9%, down 0.0 percentage points from fiscal 2025 (13.9%). Over the past ten years it has ranged from 6.83% (fiscal 2022) to 21.8% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Specialty Industrial Machinery industry median of 9.04% and above the Industrials sector median of 2.06%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 13.9% (7.92)
FY2024 21.8% 8.33
FY2023 13.5% 6.65
FY2022 6.83% (5.20)
FY2021 12.0% (2.13)
FY2020 14.2% 3.47
FY2019 10.7% 1.76
FY2018 8.93% 0.41
FY2017 8.52% (1.58)
FY2016 10.1% (1.54)

Against its own ten years

Low 6.83% High 21.8%
Ten-year median 11.6%
Current reading's percentile 82

Free cash flow margin against peers

Company Free cash flow margin
SYM Symbotic Inc. compare 30.1%
NDSN Nordson Corporation compare 24.3%
IR Ingersoll Rand Inc. compare 18.9%
IEX IDEX Corporation compare 18.2%
ROK Rockwell Automation, Inc. compare 16.8%
DOV Dover Corporation 13.9%
ITT ITT Inc. compare 12.5%
OTIS Otis Worldwide Corporation compare 11.2%
XYL Xylem Inc. compare 10.3%
Specialty Industrial Machinery industry median 9.04%
Industrials sector median 2.06%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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