— Know what they know.
/
Not Investment Advice

DOV

NYSE · USD
Dover Corporation
Industrials · Industrial - Machinery
CEO Richard Joseph Tobin Employees 24,000 R&D / revenue 1.0%
Last price
$195.80+0.88%last session
Market cap
$26.4B
P/E (TTM)
23.4x
From 52w high
−17.6%
From 52w low
+18.9%
1-year return
+18.2%
RSI 14 · vs SMA200
59.5 · −6.6%
IS score
57.6/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

DOV   SPY   XLI (sector ETF) · weekly closes
100110120130140Jan 26Apr 26Jul 26Oct 26DOV 118SPY 116XLI 111

Score DNA

Each bar is a 0-100 score within the scored universe
55
Profitability
28
Growth
49
Value
59
Momentum
100
Risk (safety)
78
Quality
77
Balance sheet
77
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for DOV (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Intangible AssetsPiotroski 7 / 9Altman Z 5.7Beta 1.153 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
No open-market sales on file
Form 144 notices (12m): 5, $20.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-09-11
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+37
129 new holders, 75 closed
1,171 filers hold 91.8% · 375 added, 408 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+144
979 funds adding shares
835 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
60.1%
20-day avg 53.8%, 50-day avg 44.4%
Latest 6.3 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$8.1B
Revenue growth YoY+4.5%
Gross margin39.8%
Operating income$1.4B
Operating margin17.0%
Net income$1.1B
Net margin13.5%
EPS (diluted)$7.92
Cash flow
Operating cash flow$1.3B
Capital expenditure$220.3M
Free cash flow$1.1B
FCF conversion (FCF / OCF)83.5%
Stock-based compensation$44.0M
FCF less SBC$1.1B
Buybacks$540.7M
Dividends$283.0M
Balance sheet & returns
Cash & short-term investments$1.7B
Total debt$3.6B
Net debt$1.9B
Shareholders' equity$7.4B
Goodwill & intangibles$7.2B
Debt / equity0.42
ROE (TTM)15.0%
ROIC (TTM)9.6%
Operating margin by fiscal year
16.2%FY202116.2%FY202216.1%FY202315.6%FY202417.0%FY2025
Revenue $7.9B (FY2021) to $8.1B (FY2025), a 0.6% CAGR.

Valuation

P/E (TTM)23.4x
EV / EBITDA14.7x
Price / sales3.13x
Price / FCF22.5x
FCF yield4.45%
Buyback yield2.05%
SBC / revenue0.5%
Price / book3.42x
Forward P/E FY202618.3x
Forward P/E FY202716.7x
Forward P/E FY202815.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $242.20 across 5 analysts last quarter is theirs, not ours.

DOV vs industry median

328 companies in Industrial - Machinery
Gross margin 39.6% 31.0% Operating margin 16.9% 8.4% Net margin 13.5% 6.0% ROIC 9.6% 8.7%
DOV (TTM)Industry median Asset turnover 0.61 vs industry 0.76 · financial leverage 1.78

Earnings delivery

Next report 2026-10-22 · consensus EPS $2.85
83%
beat rate, 10 of 12 quarters
+1.3%
median EPS surprise
6
longest beat streak
+1+1+4+7-1+0+4+2+4+1+0+1
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-24 to 2026-07-23. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
DOV Dover Corporation $26.4B23.4x15.0%13.5%+4.5% +18.2%
OTIS Otis Worldwide Corporation $27.2B18.2x-27.3%11.1%+5.2% −21.0%
SYM Symbotic Inc. $28.0B404.7x2.7%1.6%+20.6% −46.3%
XYL Xylem Inc. $24.3B24.8x9.4%11.3%+4.5% −27.9%
IR Ingersoll Rand Inc. $30.2B31.7x9.5%12.5%+7.8% +2.6%
NDSN Nordson Corporation $18.0B32.5x17.8%18.7%+7.0% —
ITT ITT Inc. $17.7B38.8x11.5%5.8%+28.1% —
IEX IDEX Corporation $17.4B33.8x13.0%15.6%+7.3% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-07-23Earnings Release; Regulation FD; Exhibits
2026-05-12Shareholder Vote; Exhibits
2026-04-23Earnings Release; Regulation FD; Exhibits
2026-04-08Material Agreement; Termination of Agreement; Financial Obligation; Exhibits
2026-01-29Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits
2025-11-12Other Events; Financial Statements and Exhibits

Context

Shares outstanding134,680,000
Free float99.3%
Institutional ownership91.8%
Beta1.15
Dividend yield1.06%
Last dividend$0.53 on 2026-08-31
50 / 200-day average$195.14 / $209.73
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where DOV sits among 62 scored companies in Industrial - Machinery (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureDOVIndustry medianIndustry percentileSector median
P/E (TTM) 23.2x 29.1x
24th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) 4.77 1.59
79th		 1.42
Price / sales 3.1x 2.4x
64th		 2.0x
Price / book 3.4x 3.7x
47th		 2.9x
Price / tangible book 44.4x 11.7x
88th		 5.6x
Price / free cash flow 22.5x 22.0x
52nd		 20.8x
Price / operating cash flow 18.9x 17.8x
57th		 14.5x
Enterprise value $27.9B $7.5B
82nd		 $4.8B
EV / sales 3.3x 2.5x
66th		 2.4x
EV / EBITDA 14.7x 16.3x
39th		 13.6x
EV / EBIT 18.6x 21.3x
30th		 19.9x
EV / free cash flow 23.8x 26.6x
41st		 24.3x
Earnings yield 4.3% 3.2%
79th		 3.3%
FCF yield 4.4% 4.2%
52nd		 3.8%
Operating cash flow yield 5.3% 5.4%
46th		 6.2%
Graham number (per share) $103.46 $37.80
80th		 $38.21

Profitability (TTM)

MeasureDOVIndustry medianIndustry percentileSector median
Gross margin 39.6% 35.6%
69th		 30.5%
EBITDA margin 22.5% 18.4%
79th		 14.3%
Operating margin 16.9% 13.7%
67th		 9.8%
EBIT margin 17.8% 12.6%
72nd		 9.9%
Net margin 13.5% 8.6%
77th		 6.0%
NOPAT margin 13.5% 10.7%
67th		 7.8%
FCF margin 13.9% 11.2%
69th		 7.0%
Operating cash flow margin 16.5% 14.1%
64th		 11.2%
R&D / revenue 0.5% 0.0%
56th		 0.0%
SG&A / revenue 22.7% 18.6%
70th		 14.1%
Stock comp / revenue 0.5% 0.6%
33rd		 0.6%
Effective tax rate 20.1% 21.2%
32nd		 21.0%

Returns on capital

MeasureDOVIndustry medianIndustry percentileSector median
ROE (on average equity) 15.0% 12.8%
61st		 11.9%
ROA 8.5% 6.1%
67th		 4.8%
ROIC 12.3% 10.9%
59th		 8.7%
ROCE 13.4% 10.9%
64th		 9.4%
Return on tangible assets 11.2% 9.0%
62nd		 7.9%
Cash ROIC (OCF / invested capital) 15.1% 12.9%
60th		 12.8%
Gross profitability (GP / assets) 24.3% 24.7%
48th		 19.2%
ROIC, 3-yr average 17.1% 8.6%
86th		 7.8%
ROIC, 5-yr average 19.6% 11.3%
83rd		 8.6%
ROE, 5-yr average 24.3% 14.1%
87th		 12.5%
Incremental ROIC -153.8% 21.5%
14th		 20.5%

Growth

MeasureDOVIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 7.6% 7.3%
53rd		 8.6%
Revenue growth (QoQ) 6.6% 9.4%
36th		 9.9%
Revenue CAGR, 3 yr -0.2% 3.7%
17th		 5.0%
Revenue CAGR, 5 yr 2.5% 6.2%
16th		 8.3%
Gross profit CAGR, 3 yr 3.1% 6.5%
29th		 6.5%
Operating income CAGR, 3 yr 1.4% 6.8%
24th		 6.4%
Net income growth (TTM YoY) -50.5% -2.3%
10th		 11.3%
Net income CAGR, 3 yr 3.6% 3.5%
51st		 6.6%
EPS growth (TTM YoY) -49.6% -1.2%
12th		 13.3%
EPS CAGR, 3 yr 4.9% 3.8%
53rd		 5.6%
EPS CAGR, 5 yr 6.7% 7.1%
46th		 8.3%
FCF growth (TTM YoY) 110.8% 9.0%
94th		 14.7%
FCF CAGR, 3 yr 12.2% 14.6%
43rd		 12.2%
Operating cash flow CAGR, 3 yr 10.2% 13.1%
45th		 8.8%
Book value CAGR, 3 yr 19.7% 8.7%
88th		 7.3%
Dividend CAGR, 3 yr 1.0% 2.3%
36th		 2.7%
Sustainable growth rate 11.3% 9.5%
56th		 11.0%

Margin history & stability

MeasureDOVIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 38.8% 35.7%
65th		 30.6%
Operating margin, 3-yr average 16.4% 13.7%
68th		 10.0%
Net margin, 3-yr average 20.6% 10.2%
98th		 6.2%
FCF margin, 3-yr average 11.6% 10.7%
57th		 7.1%
Revenue stability (0-1) 0.32 0.78
17th		 0.81
Earnings stability (0-1) 0.29 0.40
37th		 0.47
Margin stability (0-1) 0.96 0.94
73rd		 0.90

Liquidity (latest quarter)

MeasureDOVIndustry medianIndustry percentileSector median
Cash & short-term investments $1.8B $240.9M
93rd		 $249.6M
Net cash (− = net debt) −$1.5B −$710.5M
39th		 −$666.5M
Working capital $2.4B $596.2M
97th		 $376.4M
Current ratio 1.98 2.06
41st		 1.79
Quick ratio 1.41 1.20
66th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.70 0.30
79th		 0.32
Defensive interval (days) 625 days 495 days
70th		 614 days

Leverage & solvency (latest quarter)

MeasureDOVIndustry medianIndustry percentileSector median
Total debt $3.3B $1.2B
79th		 $919.8M
Debt / equity 0.42 0.55
33rd		 0.65
Net debt / equity 0.20 0.43
30th		 0.46
Debt / assets 23.8% 26.8%
38th		 29.3%
Debt / capital 29.7% 35.6%
33rd		 39.5%
Debt / EBITDA 1.72 2.00
39th		 2.44
Net debt / EBITDA 0.79 1.61
30th		 1.86
Interest coverage (EBIT / interest) 13.2x 7.0x
71st		 5.0x
Cash interest coverage 12.2x 7.9x
73rd		 6.1x
Debt payback (years of OCF) 2.3 yrs 2.6 yrs
43rd		 3.2 yrs
Liabilities / assets 43.7% 50.7%
23rd		 56.7%
IS credit model rating AA- — —
Implied credit spread (bps) 100 125
21st		 200

Efficiency

MeasureDOVIndustry medianIndustry percentileSector median
Asset turnover 0.63 0.78
38th		 0.75
Fixed asset turnover 7.56 5.95
74th		 5.14
Inventory turnover 3.7 3.7
56th		 5.0
Receivables turnover 5.6 5.9
41st		 6.7
Days sales outstanding 65 days 61 days
59th		 54 days
Days inventory outstanding 98 days 99 days
44th		 72 days
Days payables outstanding 65 days 53 days
75th		 41 days
Cash conversion cycle (days) 97 days 107 days
33rd		 63 days
Capex / revenue 2.6% 2.1%
60th		 3.0%
Capex / depreciation 0.56 0.65
38th		 0.76
Operating expense ratio 22.3% 21.2%
59th		 17.7%

Cash flow & earnings quality

MeasureDOVIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.23 1.42
27th		 1.50
FCF / net income 1.03 1.22
31st		 1.15
FCF / operating cash flow 84.3% 83.2%
54th		 74.0%
Capex / operating cash flow 15.7% 16.8%
46th		 26.1%
Accruals ratio -1.9% -3.4%
70th		 -4.0%
Sloan accruals ratio 0.0% -1.5%
64th		 -2.4%
Earnings quality score (0-1) 1.00 1.00
25th		 1.00

Dividends & buybacks

MeasureDOVIndustry medianIndustry percentileSector median
Dividend yield 1.1% 0.9%
56th		 0.6%
Dividend per share (TTM) $2.08 $0.97
82nd		 $0.44
Payout ratio (dividends / net income) 24.8% 29.1%
40th		 22.5%
Dividends / FCF 24.0% 24.6%
45th		 19.6%
Dividend growth (YoY) 1.0% 5.8%
24th		 5.6%
Buyback yield 2.3% 0.7%
79th		 0.5%
Shareholder yield (dividends + buybacks) 3.3% 2.2%
77th		 2.0%
Share count change (YoY) -1.8% -0.1%
28th		 0.0%
Buybacks, last 5 years $1.7B $147.1M
75th		 $76.0M

Scores & forensic checks

MeasureDOVIndustry medianIndustry percentileSector median
IS score 58 58
48th		 53
IS profitability 55 45
66th		 37
IS growth 28 48
15th		 54
IS value 49 48
57th		 47
IS momentum 59 73
20th		 76
IS risk (safety) 100 100
48th		 80
IS quality 78 71
79th		 67
IS balance sheet 77 63
79th		 56
IS earnings quality 77 72
80th		 70
IS cash flow 69 60
74th		 54
Piotroski F-score (0-9) 7 6
61st		 6
Altman Z-score 5.7 4.4
70th		 3.3
Beneish M-score −2.56 −2.55
45th		 −2.52
Ohlson O-score −8.84 −8.00
21st		 −7.49
IS credit score 85 76
79th		 65

Per share

MeasureDOVIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $8.37 $2.85
82nd		 $2.21
Book value per share $56.83 $26.75
84th		 $18.38
Tangible book per share $5.08 $2.15
62nd		 $4.39
Revenue per share $62.12 $46.23
66th		 $36.64
FCF per share $8.66 $4.10
80th		 $2.70
Operating cash flow per share $10.27 $4.77
79th		 $4.28
Cash per share $12.95 $3.39
90th		 $3.02

Size (TTM)

MeasureDOVIndustry medianIndustry percentileSector median
Market cap $26.4B $6.0B
80th		 $3.9B
Revenue $8.4B $2.7B
82nd		 $2.7B
EBITDA $1.9B $370.8M
84th		 $394.8M
Net income $1.1B $165.9M
84th		 $136.3M
Free cash flow $1.2B $324.5M
82nd		 $162.9M
Total assets $13.7B $3.6B
82nd		 $3.5B
Shareholders' equity $7.7B $1.6B
85th		 $1.4B
Employees 24,000 6,800
82nd		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-08-01Yehle Jeffrey
Senior VP & CHRO
 Tax withholding 173$204.38$35,3582,640

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAug

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Tax withholdingDisposed1173$35,358
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 5 notices · 86,754 shares · $20.0M
FiledFilerShares proposedEst. proceeds
2026-02-20Richard Joseph Tobin76,997$17.9M
2026-02-17Ivonne Cabrera4,000$932,000
2026-02-11Girish Juneja1,500$345,000
2025-12-04Ivonne Cabrera2,630$502,000
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 9 trades (3 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-11Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2025-12-18Julie JohnsonHouseSale$1,001 - $15,0002026-01-16
2025-12-18Julie JohnsonHouseSale (Full)$1,001 - $15,0002026-01-16
2025-12-17Julie JohnsonHouseSale (Full)$1,001 - $15,0002026-01-16
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
JPMORGAN CHASE & CO13,236,580$3.0B9.83%
BlackRock, Inc.10,465,196$2.3B7.77%
VANGUARD CAPITAL MANAGEMENT LLC8,803,061$2.0B6.54%
STATE STREET CORP6,619,459$1.5B4.91%
VANGUARD PORTFOLIO MANAGEMENT LLC6,496,051$1.5B4.82%
FMR LLC4,366,323$979.3M3.24%
GEODE CAPITAL MANAGEMENT, LLC3,585,672$801.0M2.66%
BANK OF AMERICA CORP /DE/2,788,366$625.4M2.07%
Bank of New York Mellon Corp2,533,118$568.1M1.88%
MORGAN STANLEY2,272,733$509.7M1.69%
WELLS FARGO & COMPANY/MN1,973,321$442.6M1.47%
Nuveen, LLC1,747,317$391.9M1.30%
WELLINGTON MANAGEMENT GROUP LLP1,740,986$390.5M1.29%
FRANKLIN RESOURCES INC1,647,058$369.4M1.22%
NORGES BANK1,620,058$363.3M1.20%

Institutional ownership by quarter

2023-092026-0691.8%
% of shares held by 13F filers
2023-092026-061,171
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,17191.8%12937540875
2026-03-311,13491.4%11735840276
2025-12-311,11790.5%18333337793
2025-09-301,05687.2%10635935996
2025-06-301,06388.5%10439934591
2025-03-311,06487.1%11133338485
2024-12-311,05386.5%14436730967
2024-09-3099486.6%10634433059
2024-06-3095887.0%10427535856
2024-03-3192588.6%10227734059
2023-12-3189087.9%12723633563
2023-09-3084388.7%5027531295

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-12SCHEDULE 13G/AJPMORGAN CHASE & CO10.2%13,752,477
2026-05-04SCHEDULE 13G/AJPMORGAN CHASE & CO.10.2%13,752,477
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%10,115,348
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.03%$797.4M
VTSAX0.03%$797.4M
VSMPX0.03%$797.4M
VTI0.03%$797.4M
VFINX0.04%$661.5M
VFIAX0.04%$661.5M

Share structure

Shares outstanding134,680,000
Float133,706,487
Free float99.3%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$7.9B$7.8B$7.7B$7.7B$8.1B
Cost of revenue$4.9B$4.9B$4.8B$4.8B$4.9B
Gross profit$3.0B$2.9B$2.9B$3.0B$3.2B
R&D$0$0$0$149.6M$84.3M
SG&A$1.7B$1.6B$1.6B$1.6B$1.8B
Operating income$1.3B$1.3B$1.2B$1.2B$1.4B
EBITDA$1.8B$1.6B$1.6B$2.2B$1.9B
Pretax income$1.4B$1.2B$1.1B$1.8B$1.4B
Income tax$277.0M$200.3M$179.1M$357.0M$276.8M
Net income$1.1B$1.1B$1.1B$2.7B$1.1B
EPS, diluted$7.74$7.42$7.52$19.45$7.92
Diluted shares145.3M143.6M140.6M138.7M138.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$385.5M$380.9M$398.6M$1.8B$1.7B
Receivables$1.3B$1.5B$1.4B$1.4B$1.4B
Inventory$1.2B$1.4B$1.2B$1.1B$1.3B
Total current assets$3.1B$3.4B$3.4B$4.5B$4.5B
PP&E, net$957.3M$1.0B$1.0B$987.9M$1.1B
Goodwill & intangibles$5.9B$6.0B$6.4B$6.5B$7.2B
Total assets$10.4B$10.9B$11.3B$12.5B$13.4B
Accounts payable$1.1B$1.1B$958.5M$848.0M$875.7M
Total current liabilities$2.3B$2.8B$2.4B$2.2B$2.5B
Long-term debt$3.0B$2.9B$3.0B$2.5B$2.8B
Total liabilities$6.2B$6.6B$6.2B$5.6B$6.0B
Shareholders' equity$4.2B$4.3B$5.1B$7.0B$7.4B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.1B$1.1B$1.1B$2.7B$1.1B
Depreciation & amortization$290.1M$307.5M$317.5M$337.8M$379.6M
Stock-based compensation$31.1M$30.8M$31.5M$40.4M$44.0M
Change in working capital−$108.5M−$585.1M$49.8M−$25.5M−$119.1M
Operating cash flow$1.1B$805.7M$1.3B$748.4M$1.3B
Capital expenditure−$171.5M−$221.0M−$192.6M−$167.5M−$220.3M
Free cash flow$944.4M$584.8M$1.1B$580.8M$1.1B
Investing cash flow−$992.8M−$540.9M−$726.6M$2.0B−$886.6M
Net debt issued / repaid$105.0M$629.9M−$267.5M−$467.6M$230.5M
Buybacks−$21.6M−$585.0M−$12.1M−$500.0M$540.7M
Dividends paid−$286.9M−$287.6M−$284.3M−$283.1M$283.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin37.6%36.0%36.8%38.2%39.8%
Operating margin16.2%16.2%16.1%15.6%17.0%
Net margin14.2%12.5%12.8%34.8%13.5%
FCF margin11.9%6.9%13.9%7.5%13.8%
ROE29.7%25.1%22.5%44.7%15.2%
ROIC14.5%14.6%13.2%11.6%11.5%
ROA11.5%10.0%9.5%22.6%8.4%
Debt / equity0.790.910.720.450.51
Interest coverage14.2x12.1x10.4x14.4x13.5x
Current ratio1.361.231.402.041.79
Revenue growth+18.3%+7.6%−3.1%−6.0%+4.5%
EPS growth+64.3%−2.3%−0.4%+159.4%−59.4%
P/E at year end22.3x17.3x20.0x9.5x24.6x
EV / EBITDA at year end15.6x12.8x14.6x12.1x15.6x
FCF yield at year end3.76%3.17%5.41%2.26%4.14%
Dividend payout25.5%27.0%26.9%10.5%25.9%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Pumps & Process Solutions Segment$1.7B$1.7B$1.8B$1.9B$2.1B
Clean Energy & Fueling Segment$1.6B$1.9B$1.8B$1.9B$2.1B
Engineered Products Segment$1.8B$2.0B$2.0B$1.2B$1.1B
Climate & Sustainability Technologies Segment$1.6B$1.7B$1.8B$1.6B$1.6B
Imaging & Identification Segment$1.2B$1.1B$1.1B$1.1B$1.2B

Revenue by region · FY2025

UNITED STATES$4.4B · 54%
Europe$1.8B · 22%
Asia$900.2M · 11%
Americas$707.5M · 9%
Other Geographical Area$315.5M · 4%

Street estimates by fiscal year

Next report 2026-10-22 · consensus EPS $2.85 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$8.7B$8.6B – $8.7B$10.68$10.51 – $10.801218.3x
2027$9.1B$9.0B – $9.2B$11.74$10.80 – $12.101216.7x
2028$9.5B$9.3B – $9.7B$12.66$11.35 – $15.53615.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-23$2.72$2.74+0.7%$2.2B$2.2B−0.8%
2026-04-23$2.27$2.28+0.4%$2.0B$2.1B+2.5%
2026-01-29$2.49$2.51+0.8%$2.1B$2.1B+0.6%
2025-10-23$2.51$2.62+4.4%$2.1B$2.1B−1.5%
2025-07-24$2.39$2.44+2.1%$2.0B$2.0B+0.5%
2025-04-24$1.98$2.05+3.5%$1.9B$1.9B−0.5%
2025-01-30$2.20$2.200.0%$2.0B$1.9B−1.1%
2024-10-24$2.30$2.27−1.3%$2.0B$2.0B−1.8%
2024-07-25$2.21$2.36+6.8%$2.1B$2.2B+1.4%
2024-04-25$1.87$1.95+4.3%$2.0B$2.1B+3.1%
2024-02-01$2.42$2.45+1.2%$2.2B$2.1B−2.7%
2023-10-24$2.32$2.35+1.3%$2.2B$2.2B−3.1%
2023-07-25$2.20$2.05−6.8%$2.2B$2.1B−4.4%
2023-04-26$1.92$1.94+1.0%$2.1B$2.1B+0.3%
2023-01-31$2.15$2.16+0.5%$2.1B$2.1B+0.9%
2022-10-20$2.18$2.26+3.7%$2.2B$2.2B−0.1%
2022-07-21$2.07$2.14+3.4%$2.2B$2.2B−0.7%
2022-04-21$1.83$1.90+3.8%$2.0B$2.1B+1.0%
2022-01-27$1.67$1.78+6.6%$1.9B$2.0B+3.8%
2021-10-19$1.85$1.98+7.0%$2.0B$2.0B+0.2%
2021-07-20$1.84$2.06+12.0%$2.0B$2.0B+0.9%
2021-04-20$1.45$1.81+24.8%$1.7B$1.9B+8.1%
2021-01-28$1.38$1.55+12.3%$1.7B$1.8B+3.9%
2020-10-20$1.32$1.60+21.2%$1.4B$1.7B+21.2%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.306-220.306-290.407-060.307-130.807-200.407-270.308-030.308-100.308-170.408-240.408-31
Week ofNotionalSharesTrades
2026-08-31$432.0M2,257,01656,055
2026-08-24$398.7M1,972,93550,645
2026-08-17$258.6M1,272,61442,661
2026-08-10$280.1M1,343,76941,143
2026-08-03$268.0M1,279,49046,121
2026-07-27$444.8M2,192,44959,416

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1560.1%
DateShort shareShort volumeTotal volume
2026-10-1560.1%181,027300,966
2026-10-1452.8%182,316345,581
2026-10-1356.6%170,137300,797
2026-10-1259.9%206,165344,434
2026-10-0951.0%153,057300,028
2026-10-0857.2%134,760235,788
2026-10-0759.7%153,972257,775
2026-10-0665.4%192,675294,539
2026-10-0568.3%221,553324,325
2026-10-0263.0%206,814328,177
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.8Jan+0.5Feb+0.0Mar+2.6Apr+0.9May-0.3Jun+2.1Jul+1.5Aug-1.2Sep+1.5Oct+3.9Nov+1.8Dec
MonthAvg returnUp yearsYears
Jan+0.8%55%20
Feb+0.5%50%20
Mar+0.0%62%21
Apr+2.6%60%20
May+0.9%75%20
Jun−0.3%40%20
Jul+2.1%60%20
Aug+1.5%65%20
Sep−1.2%50%20
Oct+1.5%60%20
Nov+3.9%80%20
Dec+1.8%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1459.5
MFI58.8
ADX17.9
Stochastic %K / %D88.4 / 82.1
Williams %R-12.5
CCI197
TSI / signal-0.3 / -11.3
Chaikin money flow0.02
ATR$3.54
Bollinger width5.4%
Volume vs 20-day avg0.85x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$190.16 (+3.0%)
SMA 50$194.74 (+0.5%)
SMA 200$209.58 (−6.6%)
EMA 21$191.54 (+2.2%)
EMA 50$195.03 (+0.4%)
EMA 200$201.92 (−3.0%)
Bollinger upper$195.26 (+0.3%)
Bollinger lower$185.07 (+5.8%)
Parabolic SAR$188.01 (+4.1%)
Open the live chart, 110+ indicators

About Dover Corporation

Dover Corporation operates as a global enterprise, supplying a wide array of industrial equipment, essential components, consumable products, replacement parts, software and digital platforms, and comprehensive support services. Its Engineered Products division delivers diverse machinery, parts, software, and solutions tailored for various industries, including automotive aftermarket service, waste management, industrial automation, aerospace and defense, heavy-duty winching and hoisting, and fluid dispensing. This segment also manufactures specific items such as manual and power clamps, rotary and linear mechanical indexers, conveyors, robotic pick-and-place units, glove ports, manipulators, and end-of-arm tooling like grippers, slides, and end effectors. The Clean Energy & Fueling segment focuses on providing components, equipment, software, and services crucial for the secure transportation of both traditional and sustainable fuels, along with other hazardous materials, throughout the supply chain. It further supports the operations of convenience retail outlets, fuel stations, and vehicle wash establishments. Through its Imaging and Identification segment, Dover offers solutions for precision marking and coding, intelligent packaging, product traceability, brand protection, and digital textile printing equipment. These offerings, along with associated consumables, software, and services, cater to markets like packaged and consumer goods, pharmaceuticals, industrial manufacturing, and fashion and apparel. The Pumps and Process Solutions segment is responsible for producing specialized pumps, connectors, flow meters, fluid connection systems, plastics and polymer processing machinery, and custom-engineered components for rotating and reciprocating equipment. Finally, the Climate & Sustainability Technologies segment manufactures advanced refrigeration systems, commercial refrigeration display cases, glass doors for refrigerators and freezers, and brazed plate heat exchangers, serving applications in industrial heating and cooling as well as residential climate control. Dover distributes its extensive product portfolio through both direct sales channels and a broad network of distributors. The company was founded in 1947 and maintains its headquarters in Downers Grove, Illinois.

https://www.dovercorporation.com

Key executives

NameTitlePayBorn
Richard Joseph TobinPresident, Chief Executive Officer & Chairman of the Board$4.2M1961
Ivonne CabreraSenior Vice President, General Counsel & Secretary$1.3M1967
Girish JunejaSenior Vice President & Chief Digital Officer$1.1M1970
Jeffrey YehleChief Human Resources Officer & Senior Vice President$1.0M1966
Christopher WoenkerSenior Vice President & Chief Financial Officer$982,5551983
Jack DickensVice President of Investor Relations——
James MoranVice President & Treasurer—1965
Karl BuscherPresident of Pump Solutions Group——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Richard J. Tobin President & Chief Executive Officer2025$1.4M$8.0M$0$18.8M
Ivonne M. Cabrera Senior Vice President & General Counsel2025$661,860$1.4M$0$4.2M
Chris B. Woenker Senior Vice President & Chief Financial Officer2025$516,852$714,884$0$2.3M
Girish Juneja Senior Vice President & Chief Digital Officer2025$571,118$607,354$0$2.2M
Jeffrey C. Yehle Senior Vice President & Chief Human Resources Officer2025$535,000$464,915$0$1.9M
Brad M. Cerepak Former Senior Vice President & Chief Financial Officer2025$109,604$0$0$388,181

Employees

24k201824k201923k202025k202125k202225k202324k202424k2025

Dividends

Ex-dateAmountPaid
2026-08-31$0.5252026-09-15
2026-05-29$0.522026-06-15
2026-02-27$0.522026-03-13
2025-11-28$0.522025-12-15
2025-08-29$0.522025-09-15
2025-05-30$0.5152025-06-16
2025-02-28$0.5152025-03-14
2024-11-29$0.5152024-12-16

Moat model

Weak · Intangible Assets · 2026-06-30
Cost advantage58
Intangibles64
Switching costs32
Network effect27
Efficient scale63
Our component scores (0-100) and overall 49.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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