Dover CorporationDOVEarnings & Financial Report
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...
Revenue
$2.2B
Gross Profit
$821.6M
Operating Profit
$369.4M
Net Profit
$281.8M
Gross Margin
37.7%
Operating Margin
17.0%
Net Margin
12.9%
YoY Growth
3.7%
EPS
$2.04
Dover Corporation Q2 FY2024 Financial Summary
Dover Corporation reported revenue of $2.2B (up 3.7% YoY) for Q2 FY2024, with a net profit of $281.8M (up 16.3% YoY) (12.9% margin). Cost of goods sold was $1.4B, operating expenses totaled $452.2M.
Key Financial Metrics
| Total Revenue | $2.2B |
|---|---|
| Net Profit | $281.8M |
| Gross Margin | 37.7% |
| Operating Margin | 17.0% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Dover Corporation Q2 FY2024 revenue of $2.2B breaks down across 5 segments, led by Engineered Products Segment at $514.8M (23.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Engineered Products Segment | $514.8M | 23.6% |
| Pumps Process Solutions Segment | $477.2M | 21.9% |
| Clean Energy Fueling Segment | $463.0M | 21.3% |
| Climate Sustainability Technologies Segment | $436.7M | 20.0% |
| Imaging Identification Segment | $287.6M | 13.2% |
Dover Corporation Revenue by Segment — Quarterly Trend
Dover Corporation revenue by segment across the last 4 reported quarters, showing how each business line (such as Engineered Products Segment and Pumps Process Solutions Segment) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Engineered Products Segment | — | $275.5M | $279.7M | $275.9M |
| Pumps Process Solutions Segment | — | $583.6M | $550.9M | $520.6M |
| Clean Energy Fueling Segment | — | $551.9M | $541.4M | $546.1M |
| Climate Sustainability Technologies Segment | — | $387.3M | $408.5M | $416.2M |
| Imaging Identification Segment | — | $302.2M | $299.1M | $292.0M |
Dover Corporation Annual Revenue by Year
Dover Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $8.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $8.1B |
| 2024 | $7.7B |
Dover Corporation Quarterly Revenue & Net Profit History
Dover Corporation results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $2.1B | +12.5% | $282.1M | 13.4% |
| Q4 FY2025 | $2.1B | +40.9% | $282.1M | 13.4% |
| Q3 FY2025 | $2.1B | +4.8% | $302.0M | 14.5% |
| Q2 FY2025 | $2.0B | -5.9% | $279.1M | 13.6% |
| Q1 FY2025 | $1.9B | -10.9% | $230.8M | 12.4% |
| Q4 FY2024 | $1.5B | -29.2% | $1.4B | 96.4% |
| Q3 FY2024 | $2.0B | -7.9% | $347.1M | 17.5% |
| Q2 FY2024 | $2.2B | +3.7% | $281.8M | 12.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.18B | $1.98B | $1.49B | $1.87B | $2.05B | $2.08B | $2.10B | $2.10B |
| YoY Growth | 3.7% | -7.9% | -29.2% | -10.9% | -5.9% | 4.8% | 40.9% | 12.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.29B | $11.91B | $12.51B | $12.65B | $13.16B | $13.42B | $13.42B | $13.42B |
| Liabilities | $5.93B | $6.21B | $5.56B | $5.51B | $5.72B | $5.76B | $6.02B | N/A |
| Equity | $5.36B | $5.70B | $6.95B | $7.14B | $7.44B | $7.66B | $7.41B | $7.41B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $203.7M | $353.2M | $439.0M | $157.5M | $212.3M | $424.2M | $543.9M |