DOV Financials Dover

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 25, 2026, 10:25 UTC Overview →

Growth & profitability

Revenue has grown 3.9% per year over the past 5 years.
Net income has grown faster than revenue (9.9% vs 3.9% per year).
Operating margin has expanded, at 17.0% in the latest year.
Free cash flow has grown 3.5% per year over the past 5 years.

Financial health

Total debt ($3.3B) exceeds cash ($1.7B); net debt is $1.7B.
Total debt has grown in line with revenue (1.5% vs 3.9% per year).
Operating income covered interest expense 13× in the latest year.
Total debt is 1.9× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 25.9% of earnings and 25.3% of free cash flow.
The dividend has declined 0.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$8.1B	$1.1B	39.8%	17.0%	14.8%	8.2%	$1.1B	$3.3B	$1.7B
2024	$7.7B	$2.7B	38.2%	15.6%	38.8%	21.6%	$920M	$2.9B	$1.8B
2023	$7.7B	$1.1B	37.3%	15.9%	20.7%	9.3%	$1.0B	$3.0B	$399M
2022	$7.8B	$1.1B	37.0%	16.3%	24.9%	9.8%	$536M	$3.0B	$381M
2021	$7.9B	$1.1B	37.6%	16.2%	26.8%	10.8%	—	$3.0B	$386M
2020	$6.7B	$683M	37.0%	14.0%	20.2%	7.5%	$939M	$3.1B	$513M
2019	$7.1B	$678M	36.7%	13.7%	22.4%	7.8%	$759M	$3.0B	$397M
2018	$7.0B	$570M	36.6%	12.1%	—	6.8%	$618M	$2.9B	$396M
2017	$6.8B	$812M	37.1%	11.8%	—	7.6%	$569M	$3.3B	—
2016	—	$509M	—	—	—	5.0%	$595M	$7M	—
2015	—	$870M	—	—	—	10.1%	$795M	$2.6B	—
2014	—	$775M	—	—	—	8.6%	$784M	$2.6B	—
2013	—	$1.0B	—	—	—	9.2%	$838M	$2.6B	—
2012	—	$811M	—	—	—	7.8%	$822M	$2.2B	—
2011	—	$895M	—	—	18.2%	9.4%	$686M	$2.2B	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$2.2B	$333M	40.4%	18.8%	4.4%	2.4%	$383M	$3.9B	$1.7B
Jun '26	$2.2B	$312M	40.2%	17.9%	4.1%	2.3%	$188M	$3.9B	$1.8B
Mar '26	$2.1B	$238M	38.9%	14.9%	3.2%	1.8%	$131M	$4.0B	$1.6B
Dec '25	$2.1B	$282M	39.1%	16.5%	3.8%	2.1%	$487M	$3.3B	$1.7B
Sep '25	$2.1B	$302M	40.1%	18.2%	3.9%	2.3%	$370M	$3.5B	$1.6B
Jun '25	$2.0B	$279M	39.9%	17.3%	3.8%	2.1%	$151M	$3.5B	$1.3B
Mar '25	$1.9B	$231M	40.0%	15.9%	3.2%	1.8%	$109M	$3.4B	$1.8B
Dec '24	$1.9B	$1.4B	38.6%	15.3%	20.6%	11.5%	$385M	$2.9B	$1.8B
Sep '24	$2.0B	$347M	38.5%	16.8%	6.1%	2.9%	$315M	$3.4B	$387M
Jun '24	$1.9B	$282M	38.6%	16.6%	5.3%	2.5%	$113M	$3.2B	$329M
Mar '24	$1.9B	$632M	37.0%	13.5%	12.3%	5.3%	$106M	$3.9B	$930M
Dec '23	$1.9B	$296M	37.7%	16.0%	5.8%	2.6%	$441M	$3.0B	$399M
Sep '23	$2.0B	$290M	37.8%	17.2%	6.0%	2.7%	—	$3.2B	$284M
Jun '23	$2.1B	$242M	36.1%	15.5%	5.2%	2.2%	—	$3.4B	$286M
Mar '23	$2.1B	$229M	35.9%	15.1%	5.1%	2.1%	—	$3.5B	$272M
Dec '22	$2.1B	$264M	35.8%	16.5%	6.1%	2.4%	—	$3.0B	$381M
Sep '22	$2.2B	$286M	35.8%	17.2%	7.2%	2.7%	—	$3.6B	$306M
Jun '22	$2.2B	$290M	36.2%	16.5%	6.6%	2.7%	—	$3.3B	$515M
Mar '22	$2.1B	$226M	36.2%	14.6%	5.2%	2.2%	—	$3.1B	$290M
Dec '21	$2.0B	$363M	36.3%	14.2%	8.7%	3.5%	—	$3.0B	$386M

Valuation over time

How the market has priced DOV against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 19.0× (Mar '23) to 26.3× (Nov '26).
The price-to-sales ratio has risen from 2.6× (Mar '23) to 3.5× (Nov '26).
The dividend yield has fallen from 1.4% (Mar '23) to 1.0% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is DOV growing its revenue and profit?

Over the past 5 years, Dover's revenue has grown 3.9% per year, and net income grown 9.9% per year. These are computed facts, not advice.

How much debt does DOV have?

As of FY2025, Dover reported $3.3B of total debt against $1.7B of cash; operating income covered interest expense 13×.

What is DOV's profit margin?

In FY2025, gross margin was 39.8%, operating margin 17.0%, and net margin 13.5%.

What is DOV's P/E ratio?

Dover's P/E (TTM) is 24.63 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DOV stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 26.3× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.