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

204.43 1.87 +0.92%
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) Gross margin

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Dover Corporation's gross margin over the twelve months to 30 September 2026 was 39.7%, down 0.1 percentage points from fiscal 2025 (39.8%). Over the past ten years it has ranged from 36.6% (fiscal 2018) to 39.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Specialty Industrial Machinery industry median of 35.5% and above the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 39.8% 1.57
FY2024 38.2% 0.88
FY2023 37.3% 0.29
FY2022 37.0% (0.53)
FY2021 37.6% 0.54
FY2020 37.0% 0.29
FY2019 36.7% 0.12
FY2018 36.6% (0.47)
FY2017 37.1% 0.22
FY2016 36.9% (0.06)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 40.4% 0.23
Jun 2026 40.2% 1.35
Mar 2026 38.9% (0.24)
Dec 2025 39.1% (1.02)
43 more quarters

Against its own ten years

Low 36.6% High 39.8%
Ten-year median 37.0%
Current reading's percentile 98

Gross margin against peers

Company Gross margin
NDSN Nordson Corporation compare 55.3%
ROK Rockwell Automation, Inc. compare 49.1%
IEX IDEX Corporation compare 44.9%
IR Ingersoll Rand Inc. compare 43.1%
XYL Xylem Inc. compare 39.8%
DOV Dover Corporation 39.7%
OTIS Otis Worldwide Corporation compare 29.9%
SYM Symbotic Inc. compare 21.3%
ITT ITT Inc. compare 0.00%
Specialty Industrial Machinery industry median 35.5%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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