DOV

Dover
D

DOV

Arincen80/100B

If you had invested in Dover ago, it would be worth $4,292 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

80/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Dover key facts

Style
Blend stock · 5.1/10Growth 3.7 · Value 5.1 · Dividend 4.0
Day range
209.000 – 211.650
52-week range
177.870 – 237.540
Market capitalization
28.01B USD
P/E
24.40
PEG ratio
1.71
EPS
8.63
Div Yield
1.00%
EPS growth forecast (FY2026)
+11.1%
Volume
6,586
Beta
1.10
ESG score
67.8/100Environment 76 · Social 59 · Governance 69
Sector
Industrials
Industry
Industrial - Machinery
CEO
Richard Joseph Tobin
Employees
24K
IPO date
17 Mar 1980

Dover earnings

Next earnings · Q4 FY2026
EPS estimate
2.79 USD
Revenue estimate
2.23B USD
Last quarter · Q3 FY2026
EPS2.88Beat +1.8%Revenue2.23BBeat +0.9%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20273.16——+9.59%2.36B——+5.85%
Q2 FY20273.05——+11.48%2.33B——+6.53%
Q1 FY20272.58——+13.00%2.17B——+5.75%
Q4 FY20262.79——+11.16%2.23B——+6.40%
Q3 FY20262.832.88+1.77%+9.92%2.22B2.23B+0.86%+7.52%
Q2 FY20262.722.74+0.74%+12.30%2.21B2.19B-0.84%+6.85%
Q1 FY20262.272.28+0.44%+11.22%2.00B2.05B+2.51%+10.05%
Q4 FY20252.492.51+0.80%+14.09%2.09B2.10B+0.62%+8.77%
Q3 FY20252.512.62+4.38%+15.42%2.11B2.08B-1.51%+4.75%
Q2 FY20252.392.44+2.09%+3.39%2.04B2.05B+0.46%-5.91%

Dover analyst forecast

12-month price target
241.00 USD
+14.43%

Analysts' 1-year price targets range from 219.00 to 262.00, with an average of 241.00.

Past year
1-year forecast
Strong sellStrong buy
Buy
12 ratings
Buy
9
Hold
3
Sell
0

12-month price target

Highest target262.00
Average target241.00
Lowest target219.00
Current price210.61

Dover valuation

Price to earnings ratio (TTM)
24.40
Forward P/E (FY2026)
19.71
Price to sales (TTM)
3.27
Price to book
3.67
EV / EBITDA (TTM)
15.33

Capital structure

Market capitalization
28.01B USD
+
Total debt
3.26B USD
−
Cash and short-term investments
1.69B USD
=
Enterprise value
29.58B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)16.58————
FY2027 (est.)17.7616.58———
FY2026 (est.)19.7117.76———
Now (TTM)24.4017.993.273.6715.33
FY202524.5018.263.313.6215.51
FY20249.5819.583.343.7212.20
FY202320.3518.822.804.2115.77
FY202218.1315.462.464.5114.14
FY202123.2521.493.316.2416.17

Dover against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Otis Worldwide, Ingersoll Rand, Xylem, Symbotic, ITT, and Rockwell Automation, the US Industrial - Machinery companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median24.4
    7.729.3
  • Gross marginHighest in 5 years39.8%
    37.0%39.8%
    Against its peers: 2 of 7Peers' median 36.9%
  • Operating marginHighest in 5 years17.0%
    15.6%17.0%
    Against its peers: 4 of 7Peers' median 16.1%
  • Net marginLowest in 5 years13.5%
    13.5%34.8%
    Against its peers: 2 of 7Peers' median 10.1%
  • Return on equityLowest in 5 years14.8%
    14.8%38.8%
    Against its peers: 2 of 6Peers' median 8.3%
  • Free cash flow marginAbove its median13.8%
    7.5%14.9%
    Against its peers: 5 of 7Peers' median 14.9%
  • Revenue growthAbove its median4.5%
    -2.0%18.3%
    Against its peers: 6 of 7Peers' median 6.8%
  • EPS growthLowest in 5 years-59.3%
    -59.3%158.6%
    Against its peers: 6 of 6Peers' median -3.0%
  • Debt to EBITDAAt its median2.03×
    1.42×2.41×
    Against its peers: 4 of 6Peers' median 1.67×
  • Current ratioAbove its median1.79
    1.232.04
    Against its peers: 3 of 7Peers' median 1.36

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Dover growth and profitability

Revenue (TTM)
8.58B USD
Net income (TTM)
1.17B USD
Gross margin
39.68%
Operating margin
17.05%
Net margin
13.60%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20258.09B+4.48%1.09B-59.44%39.77%16.97%13.52%1.86B-16.28%
FY20247.75B+0.80%2.70B+155.21%38.20%15.57%34.82%2.23B+41.63%
FY20237.68B-2.04%1.06B-0.80%37.32%15.87%13.75%1.57B-2.63%
FY20227.84B-0.80%1.07B-5.20%37.03%16.31%13.58%1.61B-10.19%
FY20217.91B+18.30%1.12B+64.43%37.56%16.21%14.21%1.80B+45.80%

Dover revenue breakdown

By product

FY2025
Pumps & Process Solutions: 26.5%Clean Energy & Fueling: 26.3%Climate & Sustainability Technologies: 19.3%Imaging & Identification: 14.5%Engineered Products: 13.4%26.5%Pumps & Process Solutions26.3%Clean Energy & Fueling19.3%Climate & Sustainability Technologies14.5%Imaging & Identification13.4%Engineered Products
SegmentRevenueShare of revenueChange on the year
Pumps & Process Solutions2.15B26.5%+13.4%
Clean Energy & Fueling2.13B26.3%+10.0%
Climate & Sustainability Technologies1.56B19.3%-1.3%
Imaging & Identification1.17B14.5%+3.2%
Engineered Products1.09B13.4%-9.7%

By region

FY2025
United States: 54.4%Europe: 21.9%Asia: 11.1%Americas: 8.7%Other Geographical Area: 3.9%54.4%United States21.9%Europe11.1%Asia8.7%Americas3.9%Other Geographical Area
RegionRevenueShare of revenueChange on the year
United States4.40B54.4%+4.7%
Europe1.77B21.9%+5.5%
Asia900.21M11.1%+8.1%
Americas707.52M8.7%-3.0%
Other Geographical Area315.53M3.9%+3.2%

How Dover makes its money

Pumps & Process Solutions2.15B 26.6%
Clean Energy & Fueling2.13B 26.3%
Climate & Sustainability Technologies1.56B 19.3%
Imaging & Identification1.17B 14.5%
Engineered Products1.09B 13.4%
Revenue8.09B 100.0%
Cost of revenue4.87B 60.2%
Gross profit3.22B 39.8%
Selling and administration1.84B 22.8%
Operating income1.37B 17.0%
Tax276.82M 3.4%
Other expense2.58M 0.0%
Net income1.09B 13.5%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Dover dividends

Annual dividend
2.10 USD
Dividend yield (indicated)
1.00%
Payout ratio
30.24%
Years of dividend growth
43
Frequency
Quarterly
Next payment
0.53 USD
Next ex-dividend date
30 Nov 2026
Next payment date
15 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.072.052.032.011.991.971.941.811.471.39

Dover financial health

Cash and short-term investments
1.69B USD
Total debt
3.26B USD
Net cash
-1.57B USD
Free cash flow (TTM)
1.19B USD
Current ratio
1.95
Debt to equity
0.43
Piotroski score
8 / 9
Altman Z-score
5.54

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.68B3.78B1.12B
FY20241.84B3.15B580.85M
FY2023398.56M3.68B1.14B
FY2022380.87M3.89B584.76M
FY2021385.50M3.30B944.40M

Dover ownership

Institutions
91.84%
Institutional holders
1,195 (+37)
Free float
99.29%

Who owns the shares

Institutions 91.8% Others 8.2%
As of 30 Jun 2026

Shares free to trade

Free float 132.06M shares ·99.3% Closely held 947.02K shares ·0.7%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202604302.87K605.74K
Q3 2026000.00173.00
Q1 202603396.24K452.05K
Q4 20250254.39K80.04K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025137.24M138.03M-0.48%
FY2024137.74M138.70M-1.35%
FY2023139.85M140.60M-2.09%
FY2022142.68M143.60M-1.16%
FY2021143.92M145.27M-0.08%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments

Title: Dover Corp

Sector: Industrials
Industry: Industrial - Machinery
Founded in 1955 by George Ohrstrom, Dover has become an industrial behemoth through the acquisition of dozens of esteemed brands. The company is organized into five segments through which it designs and manufactures highly engineered components, such as vehicle repair, factory automation, welding, aerospace, fuel dispensing, printing, liquid handling, refrigeration, and can-making equipment. It has operations around the globe but generates over half of its revenue in the United States.

Common questions about Dover stock