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Dover DOV Cash ratio

Cash ratio at other companies

Danaher logo
DanaherDHR
0.8×+0.5×
IDEX logo
IDEXIEX
1.2×+0.1×
Fortive logo
FortiveFTV
0.2×-0.2×
IR
Ingersoll RandIR
0.7×-0.2×
Veralto logo
VeraltoVLTO
0.7×-0.3×
Nordson logo
NordsonNDSN
0.2×0.0×

Other financials

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-9.0%
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+20.1%

Valuation

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Market cap$29.73B+16.7%
Enterprise value$31.38B+17.8%
P/E27×+15.9×
P/S3.6×+0.3×

Profitability

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

Returns & leverage

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

Where this comes from

Calculated from Dover’s reported figures.

Based on the most recent quarter.

The official record: Dover’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dover's cash ratio?
Dover (DOV) reported cash ratio of 0.7× in Q1 2026.
How has Dover's cash ratio changed year-over-year?
Dover's cash ratio decreased by 22.4% year-over-year, from 0.8× to 0.7×.
What is the long-term trend for Dover's cash ratio?
Over 4 years (2021 to 2025), Dover's cash ratio has grown at a 24.7% compound annual growth rate (CAGR), from 1.2× to 2.8×.
What does cash ratio mean?
How much of its short-term bills the company could pay with cash on hand right now.
How do you interpret cash ratio?
A buffer against stress, but persistently high cash ratios can indicate under-deployed capital. Interpret alongside the company's capital-allocation strategy.
How does cash ratio compare across companies?
Varies widely by business model and treasury policy; best read against the company's own history.