A Business at a Glance
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Dover Corporation is a diversified global manufacturer and solutions provider delivering innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. Unless the context indicates otherwise, references herein to "Dover," "the Company," and words such as "we," "us," or "our" include Dover Corporation and its consolidated subsidiaries. Dover was incorporated in 1947 in the State of Delaware and became a publicly traded company in 1955. Dover is headquartered in Downers Grove, Illinois and currently employs approximately 24,000 people worldwide. Dover's five segments are structured around businesses with similar business models, go-to-market strategies, product categories, and manufacturing practices.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.1B | 8.1B | 7.7B | 7.7B | 8.5B | 7.9B |
| Net Income | 1.1B | 1.1B | 2.7B | 1.1B | 1.1B | 1.1B |
| EPS | $7.94 | $7.94 | $19.45 | $7.52 | $7.42 | $7.74 |
| Free Cash Flow | 1.1B | 1.1B | 920M | 1.0B | 585M | 944M |
| ROIC | 11.2% | 12.3% | 11.4% | 12.8% | 13.7% | 14.6% |
| Gross Margin | 39.8% | 39.8% | 38.2% | 37.3% | 36.0% | 37.6% |
| Debt/Equity | 0.54 | 0.54 | 0.48 | 0.68 | 1.03 | 0.77 |
| Dividends/Share | $2.05 | $2.07 | $2.05 | $2.03 | $2.01 | $1.99 |
| Operating Income | 1.4B | 1.4B | 1.2B | 1.2B | 1.4B | 1.3B |
| Operating Margin | 17.0% | 17.0% | 15.6% | 15.9% | 16.2% | 16.2% |
| ROE | 14.8% | 15.2% | 38.8% | 20.7% | 24.9% | 26.8% |
| Shares Outstanding | 138M | 138M | 139M | 141M | 144M | 145M |
DOVER Corp passes 6 of 9 quality checks, suggesting mixed fundamentals.
DOVER Corp trades at 27.6x trailing earnings, compared to its 15-year median P/E of 20.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 26.5x vs a median of 22.6x. The company's 5-year average ROIC is 13.0% with a gross margin of 37.8%. Total shareholder yield (dividends + buybacks) is 2.7%. At current prices, the estimated annualized return to fair value is +7.6%.
DOVER Corp (DOV) has a current P/E ratio of 27.6, compared to its historical median P/E of 20.0. The stock is currently considered Expensive based on its historical valuation range.
DOVER Corp (DOV) has a 5-year average return on invested capital (ROIC) of 13.0%. This indicates solid capital allocation.
DOVER Corp (DOV) has a market capitalization of $30.2B. It is classified as a large-cap stock.
Yes, DOVER Corp (DOV) pays a dividend with a trailing twelve-month yield of 0.94%. The company also returns capital through share buybacks, with a buyback yield of 1.79%.
Based on historical P/E analysis, DOVER Corp (DOV) appears expensive. The current P/E of 27.6 is 38% above its historical median of 20.0. The estimated fair value CAGR (P/E method) is 19.8%.
DOVER Corp (DOV) operates in the Construction, Mining & Materials Handling Machinery & Equip industry, within the Industrials sector.
DOVER Corp (DOV) reported annual revenue of $8.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
DOVER Corp (DOV) has a net profit margin of 13.5%. This is a healthy margin.
DOVER Corp (DOV) generated $1.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
DOVER Corp (DOV) has a debt-to-equity ratio of 0.54. This indicates moderate leverage.
DOVER Corp (DOV) reported earnings per share (EPS) of $7.94 in its most recent fiscal year.
DOVER Corp (DOV) has a return on equity (ROE) of 15.2%. This indicates the company generates strong returns for shareholders.
DOVER Corp (DOV) has a 5-year average gross margin of 37.8%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for DOVER Corp (DOV), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
DOVER Corp (DOV) has a book value per share of $53.75, based on its most recent annual SEC filing.
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