Dover CorpDover Corp
Dover Corp

Dover Corp

DOV
Industrials·Machinery

Dover Corp. operates as a manufacturer and solutions provider delivering innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services. It operates through the following segments: Engineered Products, Clean Energy and Fueling, Imaging and Identification, Pumps and Process Solutions, and Climate and Sustainability Technologies. The Engineered Products segment provides various equipment, components, software, solutions and services to the vehicle aftermarket, aerospace and defense, industrial winch and hoist, precision soldering and fluid dispensing end-markets. The Clean Energy and Fueling segment focuses on the components, equipment, software, solutions and services enabling safe and reliable storage, transport and dispensing of traditional and clean fuels, cryogenic gases, and other hazardous substances along the supply chain, and safe and efficient operation of convenience retail, retail fueling and vehicle wash establishments, as well as facilities where cryogenic gases are produced, stored or consumed. The Imaging and Identification segment supplies precision marking and coding, product traceability, brand protection and digital textile printing equipment, as well as related consumables, software and services to the global packaged and consumer goods, pharmaceutical, industrial manufacturing, textile and other end-markets. The Pumps and Process Solutions segment consists of specialty pumps and flow meters, highly engineered precision components for rotating and reciprocating machines, fluid connecting solutions and plastics and polymer processing equipment, serving single-use biopharmaceutical production, diversified industrial manufacturing, chemical production, plastics and polymer processing, midstream and downstream oil and gas and other end markets. The Climate and Sustainability Technologies segment refers to innovative and energy-efficient equipment, components and parts for the commercial refrigeration, equipment and systems, heating and cooling, and beverage can-making equipment markets. The company was founded by George L. Ohrstrom in 1947 and is headquartered in Downers Grove, IL.

Illinois; U.S.A
Market cap
No dataNo data
Revenue
$8.1B+4.5% YoY
Net income
$1.1B−59.4% YoY
Free cash flow
$182.9M−2.0% YoY

Market

Listed stock
DOVPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$8.1B+4.5% YoY
Operating income
$1.4B+13.8% YoY
Net income
$1.1B−59.4% YoY
Free cash flow
$182.9M−2.0% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $7.9B, 2022 $8.5B, 2023 $8.4B, 2024 $7.7B, 2025 $8.1B. Operating income: 2021 $1.3B, 2022 $1.4B, 2023 $1.4B, 2024 $1.2B, 2025 $1.4B. Net income: 2021 $1.1B, 2022 $1.1B, 2023 $1.1B, 2024 $2.7B, 2025 $1.1B. Free cash flow: 2021 $944.4M, 2022 $584.8M, 2023 $1.1B, 2024 $186.6M, 2025 $182.9M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
4.5%+1268 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $1.3B, 2022-12-31 $1.4B, 2023-12-31 $1.4B, 2024-12-31 $1.2B, 2025-12-31 $1.4B. Net income: 2021-12-31 $1.1B, 2022-12-31 $1.1B, 2023-12-31 $1.1B, 2024-12-31 $2.7B, 2025-12-31 $1.1B. Free cash flow: 2021-12-31 $944.4M, 2022-12-31 $584.8M, 2023-12-31 $1.1B, 2024-12-31 $186.6M, 2025-12-31 $182.9M

Growth heatmap

2022202320242025CAGR
Revenue
+7.6%
-0.8%
-8.2%
+4.5%
+0.6%
Gross profit
+3.2%
+0.7%
-4.1%
+8.8%
+2.0%
Operating income
+7.6%
-0.9%
-11.7%
+13.8%
+1.7%
Free cash flow
-38.1%
+95.6%
-83.7%
-2.0%
-33.7%

Earnings quality

Operating cash flow
$403.1M+13.8% YoY
Net income
$1.1B−59.4% YoY
Free cash flow
$182.9M−2.0% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 37%, 2024-12-31 13%, 2023-12-31 126%, 2022-12-31 76%, 2021-12-31 99%. Free cash flow: 2025-12-31 17%, 2024-12-31 7%, 2023-12-31 108%, 2022-12-31 55%, 2021-12-31 84%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data