Dover Corporation

Industrials Industrial Machinery & Supplies & Components Downers Grove, Illinois Last filing Feb 13, 2026 · FY2025

                    Revenue
                    FY2025
                
$8.1B
                    3y CAGR +1.0%
                    
                    P28
                    
                    +4.5%
                    
                    Net income
                    FY2025
                
$1.1B
                    Net margin +13.5%
                    
                    P57
                    
                    -59.4%
                    
                    Total assets
                    FY2025
                
$13.4B
                    ROA +8.2%
                    
                    P51
                    
                    +7.3%
                    
                    Operating cash flow
                    FY2025
                
$1.3B
                    FCF margin +13.8%
                    
                    P54
                    
                    +23.0%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $13.4B

Total liabilities $2.5B

Shareholders equity $7.4B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	$1.7B -9.1%	$1.8B 362.9%	$398.6M
Accounts Receivable	$1.4B 1.3%	$1.4B -5.4%	$1.4B
Inventory	$1.3B 11.2%	$1.1B -6.6%	$1.2B
Prepaid Expenses	$186.0M 32.3%	$140.6M -0.7%	$141.5M
Other Current Assets	$606.2M 10.2%	$550.2M -1.9%	$560.9M
Total Current Assets	$4.5B 0.5%	$4.5B 32.3%	$3.4B
Property,Plant and Equipment	$1.1B 13.3%	$987.9M -4.3%	$1.0B
Goodwill	$5.4B 10.7%	$4.9B 5.8%	$4.6B
Intangible Assets	$1.8B 11.3%	$1.6B 6.5%	$1.5B
Other Noncurrent Assets	$606.2M 10.2%	$550.2M -1.9%	$560.9M
Total Assets	$13.4B 7.3%	$12.5B 10.2%	$11.3B
Liabilities
Accounts Payable	$875.7M 3.3%	$848.0M -11.5%	$958.5M
Accrued Liabilities	$352.1M 231.2%	$106.3M 18.4%	$89.8M
Deferred Revenue	$155.0M -22.0%	$198.6M -6.0%	$211.3M
Current Portion of Long Term Debt	$706.7M 76.9%	$399.4M -14.7%	$468.3M
Other Current Liabilities	$352.1M 5.0%	$335.3M 6.3%	$315.5M
Total Current Liabilities	$2.5B 14.7%	$2.2B -9.0%	$2.4B
Long Term Debt	$2.6B 3.6%	$2.5B -15.5%	$3.0B
Deferred Revenue Noncurrent	$4.4M -0.6%	$4.5M -37.3%	$7.1M
Deferred Tax Liabilities	$394.4M -32.0%	$580.2M 1.5%	$571.6M
Other Noncurrent Liabilities	$483.1M 2.5%	$471.1M 2.0%	$462.0M
Total Liabilities	$2.5B 14.7%	$2.2B -9.0%	$2.4B
Equity
Preferred Stock	$0	$0	$0
Common Stock	$0 -100.0%	$260.0M 0.1%	$259.8M
Treasury Stock	$545.8M 8.2%	$504.7M -92.6%	$6.8B
Accumulated Other Comprehensive Income	$0 100.0%	$-327.8M -37.8%	$-237.9M
Total Stockholders Equity	$7.4B 6.5%	$7.0B 36.2%	$5.1B
Total Liabilitiesand Equity	$13.4B 7.3%	$12.5B 10.2%	$11.3B

Income Statement

Revenue, expense, and profitability

18 accounts · 3 years

Revenue $8.1B

Operating income $1.4B

Net income $1.1B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	$8.1B 4.5%	$7.7B 0.8%	$7.7B
Expenses Cost of Revenue	$4.9B 1.8%	$4.8B -0.6%	$4.8B
Expenses Research and Development	$165.3M 10.5%	$149.6M 7.6%	$139.1M
Expenses Selling,General and Administrative	$1.8B 5.3%	$1.8B 6.3%	$1.6B
Expenses Depreciation and Amortization	$379.6M 12.4%	$337.8M 10.8%	$305.0M
Expenses Share Based Compensation	$44.0M 9.0%	$40.4M 31.2%	$30.8M
Expenses Restructuring and Asset Impairment	$56.7M -18.7%	$69.8M 39.9%	$49.9M
Other Income Expense Gross Profit	$3.2B 8.8%	$3.0B 3.2%	$2.9B
Other Income Expense Operating Income	$1.4B 13.8%	$1.2B -1.1%	$1.2B
Other Income Expense Other Income/expense	$33.0M -29.6%	$46.9M 118.4%	$21.5M
Other Income Expense Income Before Tax	$1.4B -21.8%	$1.8B 56.5%	$1.1B
Income Tax Income Tax Expense	$276.8M -22.5%	$357.0M 99.3%	$179.1M
net Income net Income	$1.1B -59.4%	$2.7B 155.2%	$1.1B
net Income Comprehensive Income	$1.2B -52.2%	$2.6B 140.3%	$1.1B
Earnings Per Share Basic Eps	$8 -59.2%	$20 159.0%	$8
Earnings Per Share Diluted Eps	$8 -59.2%	$19 158.6%	$8
Earnings Per Share Weighted Average Shares Basic	$136.9M -0.6%	$137.7M -1.5%	$139.8M
Earnings Per Share Weighted Average Shares Diluted	$137.8M -0.7%	$138.7M -1.4%	$140.6M

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $1.3B

Investing cash flow $-886.6M

Financing cash flow $-624.9M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	$1.1B -59.4%	$2.7B 155.2%	$1.1B
Operating Activities Depreciation and Amortization	$379.6M 12.4%	$337.8M 10.8%	$305.0M
Operating Activities Stock Based Compensation	$44.0M 9.0%	$40.4M 31.2%	$30.8M
Operating Activities Deferred Income Taxes	$-28.6M 68.8%	$-91.7M 0.6%	$-92.2M
Operating Activities Changes In Operating Assets and Liabilities	$-81.0M -177.8%	$104.1M 123.4%	$-445.3M
Operating Activities net Cash From Operating Activities	$1.3B 23.0%	$1.1B -18.6%	$1.3B
Investing Activities Capital Expenditures	$220.3M 31.5%	$167.5M -8.7%	$183.4M
Investing Activities Business Acquisitions	$663.3M 4.4%	$635.3M 19.0%	$533.6M
Investing Activities Other Investing Activities	$9.1M 229.9%	$-7.0M -1116.3%	$686.0K
Investing Activities net Cash From Investing Activities	$-886.6M -3185.8%	$-27.0M 96.3%	$-726.6M
Financing Activities Proceeds From Debt	$631.2M	$0	$0
Financing Activities Repayment of Debt	$400.0M	$0	$0
Financing Activities Repurchase of Common Stock	$540.7M 8.1%	$500.0M	$0
Financing Activities Dividends Paid	$283.0M 0.0%	$283.1M -0.4%	$284.3M
Financing Activities Tax Withholding On Stock Based Compensation	$14.9M -10.3%	$16.6M 36.8%	$12.1M
Financing Activities Other Financing Activities	$-16.8M -289.8%	$-4.3M -4.5%	$-4.1M
Financing Activities net Cash From Financing Activities	$-624.9M 50.9%	$-1.3B -123.9%	$-568.1M
Cash Reconciliation net Change In Cash	$-168.1M -111.8%	$1.4B 3983.7%	$35.0M
Cash Reconciliation Cash At Beginning of Period	$1.7B -9.1%	$1.8B 362.9%	$398.6M
Cash Reconciliation Cash At End of Period	$1.7B -9.1%	$1.8B 362.9%	$398.6M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+39.8%	+38.2%	+37.3%
Operating margin	+17.0%	+15.6%	+15.9%
Net margin	+13.5%	+34.8%	+13.8%
FCF margin	+13.8%	+11.9%	+15.0%
Growth
Revenue CAGR (3y)	+1.0%	-0.7%	+4.8%
Returns
ROE	+14.8%	+38.8%	+20.7%
ROA	+8.2%	+21.6%	+9.3%
ROIC	+12.1%	+12.0%	+12.5%
Liquidity
Current ratio	1.79x	2.04x	1.40x
Quick ratio	1.21x	1.46x	0.76x
Leverage
D/E	0.34x	0.32x	0.47x
Interest coverage	—	—	9.29x
Efficiency
Asset turnover	0.60x	0.62x	0.68x
Cash conversion cycle	+92d	+86d	+88d

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Dover Corporation

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