Revenue
$8.09B
Fiscal year ended 2025-12-31Operating income
$1.37B
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31Valuation, from the filing
| Public float | $25.03B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $185.63 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 22.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 3.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 3.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
22.9× earnings today, against a median of 19.3× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $25.03B | 22.9× | |
| 2024-06-30 | $24.71B | 9.2× | |
| 2023-06-30 | $20.56B | 19.5× | |
| 2022-06-30 | $17.35B | 16.3× | |
| 2021-06-30 | $21.61B | 19.2× | |
| 2020-06-30 | $13.86B | 20.3× | |
| 2019-06-30 | $14.53B | 21.4× | |
| 2018-06-30 | $10.78B | 18.9× | |
| 2017-06-30 | $12.39B | 15.3× | |
| 2016-06-30 | $10.67B | 21.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
DOVER Corp (DOV) reported revenue of $8.09B and net income of $1.09B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from DOVER Corp’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.09B | $7.75B | $7.68B | $7.84B | $7.91B | $6.68B | $7.14B | $6.99B | $6.82B | $6.04B |
| Cost of revenue | $4.87B | $4.79B | $4.82B | $4.94B | $4.94B | $4.21B | $4.52B | $4.43B | $4.29B | $3.82B |
| Gross profit | $3.22B | $2.96B | $2.87B | $2.90B | $2.97B | $2.47B | $2.62B | $2.56B | $2.53B | $2.23B |
| Operating income | $1.37B | $1.21B | $1.22B | $1.28B | $1.28B | $932.99M | $974.89M | $843.11M | $806.89M | $708.97M |
| Net income | $1.09B | $2.70B | $1.06B | $1.07B | $1.12B | $683.45M | $677.92M | $570.27M | $811.66M | $508.89M |
| Research & development | $165.34M | $149.60M | $139.06M | $151.35M | $157.83M | $142.10M | $140.96M | $143.03M | $130.54M | $115.84M |
| Weighted-average diluted shares | shares 137.78M | shares 138.70M | shares 140.60M | shares 143.60M | shares 145.27M | shares 145.39M | shares 146.99M | shares 152.13M | shares 157.74M | shares 156.64M |
| Pretax income | $1.37B | $1.76B | $1.12B | $1.19B | $1.40B | $841.73M | $843.01M | $725.38M | $875.82M | $684.64M |
| Income tax expense | $276.82M | $357.05M | $179.14M | $200.29M | $277.01M | $158.28M | $165.09M | $134.23M | $129.15M | $182.52M |
| Diluted EPS | $7.94 | $19.45 | $7.52 | $7.42 | $7.74 | $4.70 | $4.61 | $3.75 | $5.15 | $3.25 |
| Selling, general & administrative | $1.84B | $1.75B | $1.65B | $1.63B | $1.69B | $1.54B | $1.60B | $1.72B | $1.72B | $1.52B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $513.08M | $397.25M | $396.22M | $753.96M | $349.15M |
| Total assets | $13.42B | $12.51B | $11.35B | $10.90B | $10.40B | $9.15B | $8.67B | $8.37B | $10.66B | $10.12B |
| Current assets | $4.51B | $4.48B | $3.39B | $3.42B | $3.06B | $2.62B | $2.55B | $2.50B | $2.79B | $2.59B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $2.52B | $2.20B | $2.41B | $2.77B | $2.25B | $1.74B | $1.75B | $1.83B | $2.14B | $1.94B |
| Total equity incl. NCI | $7.41B | $6.95B | $5.11B | $4.29B | $4.19B | $3.39B | $3.03B | $2.77B | $4.38B | $3.80B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $1.27B | $1.14B | $1.14B | $1.37B | $1.19B | $835.80M | $806.14M | $748.80M | $677.04M | $870.49M |
| Accounts receivable | $1.37B | $1.35B | $1.32B | $1.52B | $1.35B | $1.14B | $1.22B | $1.23B | $1.18B | $1.27B |
| Goodwill | $5.43B | $4.91B | $4.64B | $4.43B | $4.56B | $4.07B | $3.78B | $3.68B | $3.69B | $3.67B |
| Long-term debt | $2.62B | $2.53B | $2.99B | $2.94B | $3.02B | $3.11B | $2.99B | $2.94B | $2.99B | $3.21B |
| Accounts payable | $875.68M | $848.01M | $854.46M | $1.07B | $1.07B | $853.94M | $920.59M | $969.53M | $882.01M | $830.32M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | Unavailable | Unavailable | $1.34B | $805.72M | $1.12B | $1.10B | $945.31M | Unavailable | Unavailable | Unavailable |
| Capital expenditures | $220.26M | $167.53M | $183.41M | $211.08M | $171.46M | $165.69M | $186.80M | $170.99M | $170.07M | $139.58M |
| Investing cash flow | Unavailable | Unavailable | -$726.63M | -$540.92M | -$992.75M | -$481.38M | -$384.26M | Unavailable | Unavailable | Unavailable |
| Financing cash flow | -$624.87M | -$1.27B | -$568.06M | -$260.26M | -$249.88M | -$506.29M | -$558.04M | Unavailable | Unavailable | Unavailable |
| Net change in cash | -$168.07M | $1.43B | $34.99M | -$4.64M | -$127.57M | $115.82M | $1.03M | -$357.74M | $404.82M | -$13.04M |
| Stock-based compensation | $43.98M | $40.36M | $30.77M | $30.08M | $31.11M | $25.03M | $29.70M | $23.70M | $24.07M | $18.65M |
| Common dividends paid | $283.01M | $283.12M | $284.30M | $287.55M | $286.90M | $284.31M | $282.20M | $283.57M | $283.96M | $267.74M |
| Common share repurchases | $540.70M | $500.00M | $0 | $585.00M | $21.64M | $106.28M | $143.28M | $894.98M | $105.02M | $0 |
| Depreciation & amortization | $379.58M | $337.84M | $305.05M | $295.66M | $290.12M | $279.05M | $272.29M | $282.58M | $283.28M | $249.67M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | $944.40M | $939.12M | $758.50M | Unavailable | Unavailable | Unavailable |
| 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% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | 11.9% | 14.1% | 10.6% | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 0.5% | 0.5% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.3% | 0.4% | 0.3% |
| Current ratio | 1.79x | 2.04x | 1.40x | 1.23x | 1.36x | 1.51x | 1.46x | 1.37x | 1.30x | 1.33x |
| Revenue YoY growth | 4.5% | 0.8% | -2.0% | -0.8% | 18.3% | -6.3% | 2.1% | 2.5% | 12.9% | Unavailable |
| Net margin | 13.5% | 34.8% | 13.8% | 13.6% | 14.2% | 10.2% | 9.5% | 8.2% | 11.9% | 8.4% |
| R&D / revenue | 2.0% | 1.9% | 1.8% | 1.9% | 2.0% | 2.1% | 2.0% | 2.0% | 1.9% | 1.9% |
| CapEx / revenue | 2.7% | 2.2% | 2.4% | 2.7% | 2.2% | 2.5% | 2.6% | 2.4% | 2.5% | 2.3% |
| Long-term debt / equity | 0.35x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 20.1% | 20.3% | 16.0% | 16.8% | 19.8% | 18.8% | 19.6% | 18.5% | 14.7% | 26.7% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open DOV in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-10-22View SEC filing
10-Q · Filed 2026-07-23View SEC filing
10-Q · Filed 2026-04-23View SEC filing
10-K · Filed 2026-02-13View SEC filing
10-Q · Filed 2025-10-23View SEC filing
10-Q · Filed 2025-07-24View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.