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Dover DOV Gross margin

Gross margin at other companies

Danaher logo
DanaherDHR
58.9%-0.8pp
IDEX logo
IDEXIEX
44.4%0.0pp
Fortive logo
FortiveFTV
57.3%-0.7pp
IR
Ingersoll RandIR
43.2%-0.6pp
Veralto logo
VeraltoVLTO
59.9%-0.1pp
Nordson logo
NordsonNDSN
55.1%+0.3pp

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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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 trailing twelve months.

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 gross margin?
Dover (DOV) reported gross margin of 39.5% in Q1 2026.
How has Dover's gross margin changed year-over-year?
Dover's gross margin increased by 1.5% year-over-year, from 38.9% to 39.5%.
What is the long-term trend for Dover's gross margin?
Over 4 years (2021 to 2025), Dover's gross margin has grown at a 1.2% compound annual growth rate (CAGR), from 150.4% to 157.6%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.