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 29 h ago 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

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	FCF	Total debt	Cash
2025	$8.1B	$1.1B	39.8%	17.0%	$1.1B	$3.3B	$1.7B
2024	$7.7B	$2.7B	38.2%	15.6%	$920M	$2.9B	$1.8B
2023	$7.7B	$1.1B	37.3%	15.9%	$1.0B	$3.0B	$399M
2022	$7.8B	$1.1B	37.0%	16.3%	$536M	$3.0B	$381M
2021	$7.9B	$1.1B	37.6%	16.2%	—	$3.0B	$386M
2020	$6.7B	$683M	37.0%	14.0%	$939M	$3.1B	$513M
2019	$7.1B	$678M	36.7%	13.7%	$759M	$3.0B	$397M
2018	$7.0B	$570M	36.6%	12.1%	$618M	$2.9B	$396M
2017	$6.8B	$812M	37.1%	11.8%	$569M	$3.3B	—
2016	—	$509M	—	—	$595M	$7M	—
2015	—	$870M	—	—	$795M	$2.6B	—
2014	—	$775M	—	—	$784M	$2.6B	—
2013	—	$1.0B	—	—	$838M	$2.6B	—
2012	—	$811M	—	—	$822M	$2.2B	—
2011	—	$895M	—	—	$686M	$2.2B	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$2.1B	$238M	38.9%	14.9%	$131M	$4.0B	$1.6B
Dec '25	$2.1B	$282M	39.1%	16.5%	$487M	$3.3B	$1.7B
Sep '25	$2.1B	$302M	40.1%	18.2%	$370M	$3.5B	$1.6B
Jun '25	$2.0B	$279M	39.9%	17.3%	$151M	$3.5B	$1.3B
Mar '25	$1.9B	$231M	40.0%	15.9%	$109M	$3.4B	$1.8B
Dec '24	$1.9B	$1.4B	38.6%	15.3%	$385M	$2.9B	$1.8B
Sep '24	$2.0B	$347M	38.5%	16.8%	$315M	$3.4B	$387M
Jun '24	$1.9B	$282M	38.6%	16.6%	$113M	$3.2B	$329M
Mar '24	$1.9B	$632M	37.0%	13.5%	$106M	$3.9B	$930M
Dec '23	$1.9B	$296M	37.7%	16.0%	$441M	$3.0B	$399M
Sep '23	$2.0B	$290M	37.8%	17.2%	—	$3.2B	$284M
Jun '23	$2.1B	$242M	36.1%	15.5%	—	$3.4B	$286M
Mar '23	$2.1B	$229M	35.9%	15.1%	—	$3.5B	$272M
Dec '22	$2.1B	$264M	35.8%	16.5%	—	$3.0B	$381M
Sep '22	$2.2B	$286M	35.8%	17.2%	—	$3.6B	$306M
Jun '22	$2.2B	$290M	36.2%	16.5%	—	$3.3B	$515M
Mar '22	$2.1B	$226M	36.2%	14.6%	—	$3.1B	$290M
Dec '21	$2.0B	$363M	36.3%	14.2%	—	$3.0B	$386M
Sep '21	$2.0B	$264M	37.4%	16.9%	—	$3.1B	$739M
Jun '21	$2.0B	$265M	38.0%	16.9%	—	$3.1B	$601M

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 19.2× (Mar '23) to 28.4× (Jun '26).
The price-to-sales ratio has risen from 2.6× (Mar '23) to 3.8× (Jun '26).
The dividend yield has fallen from 1.4% (Mar '23) to 0.9% (Jun '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?

As of Jun '26, Dover traded at a price-to-earnings ratio of about 28.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.