Overview
DOVER Corp
Latest 10-K: FY2025, filed Feb 13, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $8.09B
- 4.5%YoYup from FY2024
- TotalRevenue
- Gross profit
- $3.22B
- 8.8%YoYup from FY2024
- GrossProfit
- Operating income
- $1.37B
- 13.8%YoYup from FY2024
- OperatingIncome
- Net income
- $1.09B
- 59.4%YoYdown from FY2024
- NetIncome
- Diluted EPS
- $7.94
- 59.2%YoYdown from FY2024
- EPSDiluted
- Diluted shares
- 137.8M
- 0.7%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- DOVER Corp reported revenue of $8.09B for fiscal 2025, up 4.5% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 1 of the last 5 fiscal years.
Profitability
- Operating margin was 17.0% and net margin was 13.5%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $7.94, down 59.2% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $8.09B4.5%up Benchmark median 6.4% | $7.75B0.8%up Benchmark median 4.5% | $7.68B2.0%down Benchmark median 4.8% | $7.84B0.8%down Benchmark median 10.3% | $7.91B18.3%up Benchmark median 13.8% | 0.6% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $3.22B8.8%up Benchmark median 6.8% | $2.96B3.2%up Benchmark median 5.5% | $2.87B1.3%down Benchmark median 5.2% | $2.90B2.2%down Benchmark median 8.3% | $2.97B20.0%up Benchmark median 15.7% | 2.0% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $1.37B13.8%up Benchmark median 7.3% | $1.21B1.1%down Benchmark median 7.4% | $1.22B4.7%down Benchmark median 4.9% | $1.28B0.1%down Benchmark median 7.5% | $1.28B37.4%up Benchmark median 23.5% | 1.7% Benchmark median 7.2% |
| Net Income | $1.09B59.4%down Benchmark median 4.8% | $2.70B155.2%up Benchmark median 5.7% | $1.06B0.8%down Benchmark median 1.9% | $1.07B5.2%down Benchmark median 1.3% | $1.12B64.4%up Benchmark median 33.9% | -0.7% Benchmark median 4.1% |
| EPS (Diluted) | $7.9459.2%down Benchmark median 6.2% | $19.45158.6%up Benchmark median 7.9% | $7.521.3%up Benchmark median 1.9% | $7.424.1%down Benchmark median 1.5% | $7.7464.7%up Benchmark median 34.8% | 0.6% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $13.42B7.3%up Benchmark median 5.6% | $12.51B10.2%up Benchmark median 3.4% | $11.35B4.1%up Benchmark median 4.1% | $10.90B4.7%up Benchmark median 2.2% | $10.40B13.7%up Benchmark median 6.7% | 6.6% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — Benchmark median 4.4% |
| Stockholders' Equity | $7.41B6.5%up Benchmark median 6.8% | $6.95B36.2%up Benchmark median 5.4% | $5.11B19.1%up Benchmark median 7.3% | $4.29B2.3%up Benchmark median 2.5% | $4.19B23.7%up Benchmark median 9.0% | 15.3% Benchmark median 6.1% |
| Cash & Equivalents | — | — | — | — | — | — Benchmark median 2.0% |
| Total Debt | $3.35B13.6%up Benchmark median 2.1% | $2.94B2.2%down Benchmark median 0.2% | $3.01B1.5%up Benchmark median 0.3% | $2.97B2.6%down Benchmark median 0.1% | $3.05B2.0%down Benchmark median -0.1% | 2.4% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.34B23.0%up Benchmark median 6.3% | $1.09B18.6%down Benchmark median 4.8% | $1.34B65.9%up Benchmark median 9.9% | $0.81B27.8%down Benchmark median -0.7% | $1.12B1.0%up Benchmark median 10.7% | 4.6% Benchmark median 7.0% |
| Capital Expenditures | $220.26M31.5%up Benchmark median 5.4% | $167.53M8.7%down Benchmark median 2.8% | $183.41M13.1%down Benchmark median 11.3% | $211.08M23.1%up Benchmark median 14.0% | $171.47M3.5%up Benchmark median 8.1% | 6.5% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $1.12B21.5%up Benchmark median 7.3% | $0.92B20.2%down Benchmark median 6.1% | $1.15B93.9%up Benchmark median 8.8% | $0.59B37.0%down Benchmark median -11.3% | $0.94B0.6%up Benchmark median 10.2% | 4.3% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
4.1%
Wall Street
on net earnings
FY2024 10.4%
4.2%
Value investor
on free cash flow
FY2024 3.5%
Gap +0.1 pts: Value-investor figure 0.1 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 24.6×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
27.5%
Wall Street
on book equity
FY2024 26.7%
0.8%
Value investor
on tangible book
FY2024 1.8%
Gap −26.7 pts: Value-investor figure 26.7 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 3.6×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
15.2%
Wall Street
ROE: net income ÷ equity
FY2024 44.7%
8.9%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 8.7%
Gap −6.3 pts: Value-investor figure 6.3 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
21.7%
Wall Street
EBITDA margin
FY2024 19.9%
13.8%
Value investor
Free-cash-flow margin
FY2024 11.9%
Gap −7.9 pts: Value-investor figure 7.9 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.79×
Wall Street
Current ratio
FY2024 2.04×
1.22×
Value investor
Quick ratio, inventory excluded
FY2024 1.46×
Gap −0.57×: Value-investor figure 0.57 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.52×
Wall Street
EBITDA ÷ total debt
FY2024 0.52×
0.33×
Value investor
FCF ÷ total debt
FY2024 0.31×
Gap −0.19×: Value-investor figure 0.19 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
16.0×
Wall Street
EBITDA ÷ interest
FY2024 11.8×
12.5×
Value investor
EBIT ÷ interest
FY2024 9.2×
Gap −3.5×: Value-investor figure 3.5 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on DOV yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on DOV and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/DOV
Valuein. (2026, October 31). DOVER Corp (DOV) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/DOV
@misc{valuein_dov_2026,
author = {{Valuein}},
title = {DOVER Corp (DOV) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/DOV}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 13, 2026 · accession 0000029905-26-000009
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point-in-time · survivorship-free · every number traceable to its SEC filing
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