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

205.97 3.41 +1.68%
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) Operating margin

Alert me on Operating margin

Dover Corporation's operating margin over the twelve months to 30 September 2026 was 17.1%, up 0.1 percentage points from fiscal 2025 (17.0%). Over the past ten years it has ranged from 11.7% (fiscal 2016) to 17.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Specialty Industrial Machinery industry median of 10.0% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 17.0% 1.40
FY2024 15.6% (0.30)
FY2023 15.9% (0.44)
FY2022 16.3% 0.10
FY2021 16.2% 2.25
FY2020 14.0% 0.30
FY2019 13.7% 1.60
FY2018 12.1% 0.23
FY2017 11.8% 0.10
FY2016 11.7% (1.51)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 18.8% 0.88
Jun 2026 17.9% 2.99
Mar 2026 14.9% (1.55)
Dec 2025 16.5% (1.70)
43 more quarters

Against its own ten years

Low 11.7% High 17.0%
Ten-year median 14.0%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
NDSN Nordson Corporation compare 26.9%
IR Ingersoll Rand Inc. compare 22.9%
IEX IDEX Corporation compare 20.9%
DOV Dover Corporation 17.1%
ROK Rockwell Automation, Inc. compare 16.2%
OTIS Otis Worldwide Corporation compare 15.4%
XYL Xylem Inc. compare 15.2%
ITT ITT Inc. compare 0.00%
SYM Symbotic Inc. compare −0.01%
Specialty Industrial Machinery industry median 10.0%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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