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Dover

DOV

Dover Corporation is a diversified global manufacturer and solutions provider that delivers innovative equipment, components, and digital solutions across multiple industrial sectors.

Market cap
$28.48B+10.1%
Revenue$8.3B+7.1%
Net income$1.1B-52.0%
Free cash flow$1.1B+26.2%
EPS (diluted)$8.02-51.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$2.2B
EPS estimate$2.72

Financials

Q1 2026

Income statement

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Revenue$2.1B+10.1%
Gross profit$798.1M+7.1%
Operating income$305.9M+3.2%
Net income$238.4M+3.3%
EPS (diluted)$1.75+4.8%

Balance sheet

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Cash & equivalents$1.6B-9.1%
Total debt$3.3B+10.7%
Total equity$7.5B+4.9%
Total assets$13.5B+6.8%

Cash flow

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Operating cash flow$191.0M+21.3%
CapEx$59.8M+24.1%
Free cash flow$131.2M+20.0%

Valuation & ratios

Valuation

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Market cap$28.48B+10.1%
Enterprise value$30.13B+8.9%
P/E25.9×+14.6×
P/S3.4×+0.1×

Profitability

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Gross margin39.5%+0.6pp
Operating margin16.7%+0.5pp
Net margin13.3%-16.4pp
FCF margin13.8%+2.1pp

Returns & leverage

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Return on equity15.1%-22.3pp
Debt / equity0.4×0.0×
Current ratio1.9×-0.3×

Segments

By segment

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Clean Energy & Fueling$554.8M+13.0%
Pumps & Process Solutions$537.8M+9.0%
Climate & Sustainability Technologies$411.1M+18.2%
Imaging & Identification$285.4M+1.9%
Engineered Products$266.6M+4.7%

By geography

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Europe$447.8M+12.7%
Asia$216.1M+3.5%
Other Americas$169.6M+6.1%
Other$77.5M+0.6%

Competitors

Profile

Dover Corporation is a diversified global manufacturer and solutions provider that delivers innovative equipment, components, and digital solutions across multiple industrial sectors. The company focuses on high-value-in-use products where performance and reliability are critical, leveraging a mix of component manufacturing and equipment sales with significant aftermarket revenue streams. Its value proposition centers on engineering precision, operational excellence, and a decentralized operating model that combines global scale with niche market agility.

Competitive position

Dover maintains leading positions in niche industrial markets characterized by high switching costs and loyal customer bases who prioritize technical performance over price.

GeographiesGlobal, North America, Europe, Asia
Customer segmentsEnterprise, Industrial Manufacturers, Healthcare and Life Sciences, Retail and Consumer Goods
Business modelB2B Manufacturing, Aftermarket Parts and Services, Consumables-driven Recurring Revenue, Industrial Software-as-a-Service
SuppliersRaw material suppliers (steel, aluminum, plastics), Electronic component manufacturers, Specialty chemical providers for consumables
CustomersRetail fueling stations, Biopharmaceutical labs, Consumer packaged goods companies, Aerospace and defense OEMs
Listed1956
Employees25.0K
CEORichard Joseph Tobin
FilingsSEC EDGAR

Questions, answered.

What is Dover's market cap?
Dover (DOV) has a market capitalization of $28.5B and trades on NYSE.
What is Dover's revenue and profitability?
Dover generated $8.3B in trailing twelve-month revenue with net income of $1.1B, representing a net margin of 13.3%. Gross margin stands at 39.5%, with free cash flow of $1.1B. These figures are based on the Q1 2026 filing.
Who are Dover's competitors?
Dover's key competitors include IDEX Corporation, Ingersoll Rand, Danaher Corporation, and others. These companies compete in similar markets and product categories.
What subsidiaries does Dover have?
Dover's subsidiaries include Dover Business Services, India Innovation Center.
Where is Dover headquartered?
Dover is headquartered in United States of America and employs approximately 25,000 people. It has been publicly traded since 1956.