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%
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

Dover Corporation (DOV) Price to free cash flow

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As of 16 October 2026, Dover Corporation (DOV) trades at a price to free cash flow of 22.4×. Over the past ten years it has ranged from 7.6× (August 2015) to 42.5× (February 2023); the current reading is higher than 60% of that period. That is in line with the Specialty Industrial Machinery industry median of 23.3× and above the Industrials sector median of 20.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 23.8× 55.53%
FY2024 15.3× (25.20%)
FY2023 20.5× (43.16%)
FY2022 36.0× 30.97%
FY2021 27.5× 42.94%
FY2020 19.2× (12.42%)
FY2019 21.9× 28.79%
FY2018 17.0× (22.58%)
FY2017 22.0× 40.14%
FY2016 15.7× 62.84%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 25.7× 4.24%
Mar 2026 24.6× 3.57%
Dec 2025 23.8× 6.30%
Sep 2025 22.4× (5.53%)
42 more quarters

Against its own ten years

Low 7.6× High 42.5×
Ten-year median 21.5×
Current reading's percentile 60

Price to free cash flow against peers

Company Price to free cash flow
SYM Symbotic Inc. compare 6.2×
OTIS Otis Worldwide Corporation compare 15.7×
DOV Dover Corporation 22.4×
NDSN Nordson Corporation compare 24.8×
IR Ingersoll Rand Inc. compare 24.8×
XYL Xylem Inc. compare 25.0×
IEX IDEX Corporation compare 27.2×
ROK Rockwell Automation, Inc. compare 31.5×
ITT ITT Inc. compare 34.7×
Specialty Industrial Machinery industry median 23.3×
Industrials sector median 20.1×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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