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

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 10 years

Total assets $13.4B

Total liabilities $2.5B

Shareholders equity $7.4B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	20.7%	23.8%	5.2%	4.9%	4.9%	7.7%	5.6%	5.7%	11.1%	5.8%
Accounts Receivable	16.9%	17.5%	18.6%	19.3%	17.0%	17.0%	17.1%	17.6%	20.3%	20.9%
Inventory	15.7%	14.8%	15.9%	17.4%	15.1%	12.5%	11.3%	10.7%	12.9%	14.4%
Prepaid Expenses	2.3%	1.8%	1.8%	2.0%	1.7%	2.0%	1.8%	1.8%	2.8%	1.7%
Other Current Assets	7.5%	7.1%	7.3%	5.9%	5.9%	7.2%	6.2%	3.5%	3.6%	3.6%
Total Current Assets	55.7%	57.9%	44.1%	43.6%	38.7%	39.2%	35.7%	35.8%	47.0%	42.8%
Property,Plant and Equipment	13.8%	12.8%	13.4%	12.8%	12.1%	13.4%	11.8%	11.5%	14.7%	15.6%
Goodwill	67.1%	63.3%	60.3%	59.5%	57.7%	60.9%	53.0%	52.6%	54.0%	75.5%
Intangible Assets	21.7%	20.4%	19.3%	17.0%	17.2%	16.2%	14.8%	16.2%	23.6%	29.8%
Other Noncurrent Assets	7.5%	7.1%	7.3%	5.9%	5.9%	7.2%	6.2%	3.5%	3.6%	3.6%
Total Assets	165.9%	161.5%	147.7%	138.9%	131.6%	136.9%	121.5%	119.6%	156.3%	167.4%
Liabilities
Accounts Payable	10.8%	10.9%	12.5%	13.6%	13.6%	12.8%	13.8%	13.9%	14.4%	13.7%
Accrued Liabilities	4.4%	1.4%	1.2%	1.3%	1.4%	1.4%	1.1%	1.3%	1.4%	1.9%
Deferred Revenue	1.9%	2.6%	2.7%	3.3%	2.9%	2.8%	1.5%	0.5%	0.8%	0.7%
Current Portion of Long Term Debt	8.7%	5.2%	6.1%	0.0%	1.3%	0.0%	1.2%	0.0%	5.1%	0.0%
Other Current Liabilities	4.4%	4.3%	4.1%	4.1%	4.4%	5.1%	4.8%	4.5%	5.2%	5.5%
Total Current Liabilities	31.1%	28.4%	31.4%	35.4%	28.5%	26.0%	24.5%	26.1%	33.7%	32.1%
Long Term Debt	32.4%	32.7%	38.9%	37.5%	38.2%	46.5%	41.8%	42.1%	43.8%	53.1%
Deferred Revenue Noncurrent	0.1%	0.1%	0.1%	0.3%	0.3%	0.2%	0.2%	0.1%	0.1%	0.2%
Deferred Tax Liabilities	4.9%	7.5%	7.4%	7.3%	6.8%	7.2%	6.2%	6.4%	7.9%	14.9%
Other Noncurrent Liabilities	6.0%	6.1%	6.0%	6.1%	6.7%	8.5%	7.4%	6.2%	8.1%	7.6%
Total Liabilities	31.1%	28.4%	31.4%	35.4%	28.5%	26.0%	24.5%	26.1%	33.7%	32.1%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	3.4%	3.4%	3.3%	3.3%	3.9%	3.6%	3.7%	3.8%	4.2%
Treasury Stock	6.7%	6.5%	88.5%	7.5%	78.6%	92.7%	85.3%	85.1%	74.4%	82.3%
Accumulated Other Comprehensive Income	0.0%	-4.2%	-3.1%	-3.4%	-1.9%	-2.3%	-3.0%	-3.5%	-2.9%	-5.9%
Total Stockholders Equity	91.5%	89.8%	66.5%	54.6%	53.0%	50.7%	42.5%	39.6%	64.3%	62.9%
Total Liabilitiesand Equity	165.9%	161.5%	147.7%	138.9%	131.6%	136.9%	121.5%	119.6%	156.3%	167.4%

Income Statement

Revenue, expense, and profitability

18 accounts · 10 years

Revenue $8.1B

Operating income $1.4B

Net income $1.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	60.2%	61.8%	62.7%	63.0%	62.4%	63.0%	63.3%	63.4%	62.9%	63.1%
Expenses Research and Development	2.0%	1.9%	1.8%	1.9%	2.0%	2.1%	2.0%	2.0%	1.9%	1.9%
Expenses Selling,General and Administrative	22.8%	22.6%	21.4%	20.7%	21.4%	23.1%	22.4%	24.5%	25.2%	25.1%
Expenses Depreciation and Amortization	4.7%	4.4%	4.0%	3.8%	3.7%	4.2%	3.8%	4.0%	4.2%	4.1%
Expenses Share Based Compensation	0.5%	0.5%	0.4%	0.4%	0.4%	0.4%	0.4%	0.3%	0.4%	0.3%
Expenses Restructuring and Asset Impairment	0.7%	0.9%	0.6%	0.4%	0.3%	0.7%	0.4%	0.8%	0.8%	0.4%
Other Income Expense Gross Profit	39.8%	38.2%	37.3%	37.0%	37.6%	37.0%	36.7%	36.6%	37.1%	36.9%
Other Income Expense Operating Income	17.0%	15.6%	15.9%	16.3%	16.2%	14.0%	13.7%	12.1%	11.8%	11.7%
Other Income Expense Other Income/expense	0.4%	0.6%	0.3%	0.3%	0.2%	0.2%	0.2%	0.1%	0.0%	0.1%
Other Income Expense Income Before Tax	17.0%	22.7%	14.6%	15.2%	17.7%	12.6%	11.8%	10.4%	12.8%	11.3%
Income Tax Income Tax Expense	3.4%	4.6%	2.3%	2.6%	3.5%	2.4%	2.3%	1.9%	1.9%	3.0%
net Income net Income	13.5%	34.8%	13.8%	13.6%	14.2%	10.2%	9.5%	8.2%	11.9%	8.4%
net Income Comprehensive Income	15.4%	33.7%	14.1%	12.2%	14.2%	11.2%	9.9%	7.2%	14.3%	6.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.7%	1.8%	1.8%	1.8%	1.8%	2.2%	2.0%	2.1%	2.3%	2.6%
Earnings Per Share Weighted Average Shares Diluted	1.7%	1.8%	1.8%	1.8%	1.8%	2.2%	2.1%	2.2%	2.3%	2.6%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 10 years

Operating cash flow $1.3B

Investing cash flow $-886.6M

Financing cash flow $-624.9M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	13.5%	34.8%	13.8%	13.6%	14.2%	10.2%	9.5%	8.2%	11.9%	8.4%
Operating Activities Depreciation and Amortization	4.7%	4.4%	4.0%	3.8%	3.7%	4.2%	3.8%	4.0%	4.2%	4.1%
Operating Activities Stock Based Compensation	0.5%	0.5%	0.4%	0.4%	0.4%	0.4%	0.4%	0.3%	0.4%	0.3%
Operating Activities Deferred Income Taxes	-0.4%	-1.2%	-1.2%	-0.3%	-0.7%	-0.5%	-0.3%	-0.2%	-1.8%	-0.5%
Operating Activities Changes In Operating Assets and Liabilities	-1.0%	1.3%	-5.8%	4.4%	10.2%	-1.2%	1.3%	4.0%	1.6%	3.3%
Operating Activities net Cash From Operating Activities	16.5%	14.0%	17.4%	10.3%	14.1%	16.5%	13.2%	11.3%	10.8%	12.2%
Investing Activities Capital Expenditures	2.7%	2.2%	2.4%	2.7%	2.2%	2.5%	2.6%	2.4%	2.5%	2.3%
Investing Activities Business Acquisitions	8.2%	8.2%	6.9%	4.0%	14.1%	5.0%	3.0%	1.0%	0.4%	25.8%
Investing Activities Other Investing Activities	0.1%	-0.1%	0.0%	-0.0%	-0.1%	0.0%	0.1%	0.2%	-0.3%	0.0%
Investing Activities net Cash From Investing Activities	-11.0%	-0.3%	-9.5%	-6.9%	-12.6%	-7.2%	-5.4%	-3.5%	3.1%	-24.5%
Financing Activities Proceeds From Debt	7.8%	0.0%	0.0%	—	0.0%	0.0%	11.9%	0.0%	0.0%	10.9%
Financing Activities Repayment of Debt	4.9%	0.0%	0.0%	—	0.0%	0.0%	11.3%	5.0%	0.0%	0.0%
Financing Activities Repurchase of Common Stock	6.7%	6.5%	0.0%	7.5%	0.3%	1.6%	2.0%	12.8%	1.5%	0.0%
Financing Activities Dividends Paid	3.5%	3.7%	3.7%	3.7%	3.6%	4.3%	4.0%	4.1%	4.2%	4.4%
Financing Activities Tax Withholding On Stock Based Compensation	0.2%	0.2%	0.2%	0.2%	0.5%	0.4%	0.5%	0.7%	0.3%	0.3%
Financing Activities Other Financing Activities	-0.2%	-0.1%	-0.1%	-0.0%	-0.1%	-0.0%	-0.0%	-0.0%	0.0%	0.0%
Financing Activities net Cash From Financing Activities	-7.7%	-16.4%	-7.4%	-3.3%	-3.2%	-7.6%	-7.8%	-12.8%	-8.7%	10.5%
Cash Reconciliation net Change In Cash	-2.1%	18.4%	0.5%	-0.1%	-1.6%	1.7%	0.0%	-5.1%	5.9%	-0.2%
Cash Reconciliation Cash At Beginning of Period	20.7%	23.8%	5.2%	4.9%	4.9%	7.7%	5.6%	5.7%	11.1%	5.8%
Cash Reconciliation Cash At End of Period	20.7%	23.8%	5.2%	4.9%	4.9%	7.7%	5.6%	5.7%	11.1%	5.8%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+39.8%	+38.2%	+37.3%	+37.0%	+37.6%	+37.0%	+36.7%	+36.6%	+37.1%	+36.9%
Operating margin	+17.0%	+15.6%	+15.9%	+16.3%	+16.2%	+14.0%	+13.7%	+12.1%	+11.8%	+11.7%
Net margin	+13.5%	+34.8%	+13.8%	+13.6%	+14.2%	+10.2%	+9.5%	+8.2%	+11.9%	+8.4%
FCF margin	+13.8%	+11.9%	+15.0%	+7.6%	+11.9%	+14.1%	+10.6%	+8.8%	+8.3%	+9.8%
Growth
Revenue CAGR (3y)	+1.0%	-0.7%	+4.8%	+3.2%	+4.2%	-0.7%	+5.7%	+0.2%	-4.2%	-5.5%
Returns
ROE	+14.8%	+38.8%	+20.7%	+24.9%	+26.8%	+20.2%	+22.4%	+20.6%	+18.5%	+13.4%
ROA	+8.2%	+21.6%	+9.3%	+9.8%	+10.8%	+7.5%	+7.8%	+6.8%	+7.6%	+5.0%
ROIC	+12.1%	+12.0%	+12.5%	+15.5%	+14.8%	+12.7%	+13.7%	+12.9%	+9.9%	+7.8%
Liquidity
Current ratio	1.79x	2.04x	1.40x	1.23x	1.36x	1.51x	1.46x	1.37x	1.40x	1.33x
Quick ratio	1.21x	1.46x	0.76x	0.68x	0.77x	0.95x	0.92x	0.89x	0.93x	0.83x
Leverage
D/E	0.34x	0.32x	0.47x	0.65x	0.54x	0.51x	0.58x	0.66x	0.52x	0.51x
Interest coverage	—	—	9.29x	10.99x	12.05x	8.33x	7.75x	6.44x	5.57x	5.21x
Efficiency
Asset turnover	0.60x	0.62x	0.68x	0.72x	0.76x	0.73x	0.82x	0.84x	0.64x	0.60x
Cash conversion cycle	+92d	+86d	+88d	+93d	+71d	+61d	+48d	+46d	+66d	+80d

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Dover Corporation

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