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Side-by-side financial comparison of Alcoa Corp (AA) and Dover Corporation (DOV). Click either name above to swap in a different company.

Alcoa Corp is the larger business by last-quarter revenue ($3.4B vs $2.1B, roughly 1.6× Dover Corporation). Dover Corporation runs the higher net margin — 13.4% vs 6.2%, a 7.3% gap on every dollar of revenue. On growth, Dover Corporation posted the faster year-over-year revenue change (12.5% vs -1.1%). Over the past eight quarters, Alcoa Corp's revenue compounded faster (15.2% CAGR vs -1.8%).

Alcoa Corporation is an American industrial corporation that produces aluminum. According to industry rankings, it is among the largest producers globally. The company operates in 10 countries and is involved in mining, refining, smelting, fabricating, and recycling aluminum products.

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...

AA vs DOV — Head-to-Head

Bigger by revenue
AA
AA
1.6× larger
AA
$3.4B
$2.1B
DOV
Growing faster (revenue YoY)
DOV
DOV
+13.5% gap
DOV
12.5%
-1.1%
AA
Higher net margin
DOV
DOV
7.3% more per $
DOV
13.4%
6.2%
AA
Faster 2-yr revenue CAGR
AA
AA
Annualised
AA
15.2%
-1.8%
DOV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AA
AA
DOV
DOV
Revenue
$3.4B
$2.1B
Net Profit
$213.0M
$282.1M
Gross Margin
39.1%
Operating Margin
2.0%
16.5%
Net Margin
6.2%
13.4%
Revenue YoY
-1.1%
12.5%
Net Profit YoY
5.4%
22.2%
EPS (diluted)
$0.80
$2.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AA
AA
DOV
DOV
Q1 26
$2.1B
Q4 25
$3.4B
$2.1B
Q3 25
$3.0B
$2.1B
Q2 25
$3.0B
$2.0B
Q1 25
$3.4B
$1.9B
Q4 24
$3.5B
$1.5B
Q3 24
$2.9B
$2.0B
Q2 24
$2.9B
$2.2B
Net Profit
AA
AA
DOV
DOV
Q1 26
$282.1M
Q4 25
$213.0M
$282.1M
Q3 25
$232.0M
$302.0M
Q2 25
$164.0M
$279.1M
Q1 25
$548.0M
$230.8M
Q4 24
$202.0M
$1.4B
Q3 24
$90.0M
$347.1M
Q2 24
$20.0M
$281.8M
Gross Margin
AA
AA
DOV
DOV
Q1 26
39.1%
Q4 25
39.1%
Q3 25
40.1%
Q2 25
39.9%
Q1 25
40.0%
Q4 24
41.4%
Q3 24
38.5%
Q2 24
37.7%
Operating Margin
AA
AA
DOV
DOV
Q1 26
16.5%
Q4 25
2.0%
16.5%
Q3 25
5.6%
18.2%
Q2 25
5.3%
17.3%
Q1 25
19.8%
15.9%
Q4 24
9.7%
14.0%
Q3 24
6.3%
16.8%
Q2 24
3.2%
17.0%
Net Margin
AA
AA
DOV
DOV
Q1 26
13.4%
Q4 25
6.2%
13.4%
Q3 25
7.7%
14.5%
Q2 25
5.4%
13.6%
Q1 25
16.3%
12.4%
Q4 24
5.8%
96.4%
Q3 24
3.1%
17.5%
Q2 24
0.7%
12.9%
EPS (diluted)
AA
AA
DOV
DOV
Q1 26
$2.06
Q4 25
$0.80
$2.06
Q3 25
$0.88
$2.19
Q2 25
$0.62
$2.02
Q1 25
$2.07
$1.67
Q4 24
$1.18
$10.38
Q3 24
$0.38
$2.51
Q2 24
$0.11
$2.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AA
AA
DOV
DOV
Cash + ST InvestmentsLiquidity on hand
$1.6B
Total DebtLower is stronger
$2.4B
$3.3B
Stockholders' EquityBook value
$6.1B
$7.4B
Total Assets
$16.1B
$13.4B
Debt / EquityLower = less leverage
0.40×
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AA
AA
DOV
DOV
Q1 26
Q4 25
$1.6B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.3B
Q2 24
$1.4B
Total Debt
AA
AA
DOV
DOV
Q1 26
$3.3B
Q4 25
$2.4B
$3.3B
Q3 25
$2.6B
$3.1B
Q2 25
$2.6B
$3.1B
Q1 25
$2.6B
$3.0B
Q4 24
$2.5B
$2.9B
Q3 24
$2.5B
$3.0B
Q2 24
$2.5B
$3.0B
Stockholders' Equity
AA
AA
DOV
DOV
Q1 26
$7.4B
Q4 25
$6.1B
$7.4B
Q3 25
$6.3B
$7.7B
Q2 25
$6.1B
$7.4B
Q1 25
$5.8B
$7.1B
Q4 24
$5.2B
$7.0B
Q3 24
$5.3B
$5.7B
Q2 24
$3.9B
$5.4B
Total Assets
AA
AA
DOV
DOV
Q1 26
$13.4B
Q4 25
$16.1B
$13.4B
Q3 25
$16.0B
$13.4B
Q2 25
$15.0B
$13.2B
Q1 25
$14.6B
$12.6B
Q4 24
$14.1B
$12.5B
Q3 24
$14.5B
$11.9B
Q2 24
$14.3B
$11.3B
Debt / Equity
AA
AA
DOV
DOV
Q1 26
0.45×
Q4 25
0.40×
0.45×
Q3 25
0.41×
0.40×
Q2 25
0.42×
0.41×
Q1 25
0.44×
0.42×
Q4 24
0.48×
0.42×
Q3 24
0.47×
0.53×
Q2 24
0.63×
0.55×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AA
AA
DOV
DOV
Operating Cash FlowLast quarter
$537.0M
Free Cash FlowOCF − Capex
$294.0M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
7.0%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$567.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AA
AA
DOV
DOV
Q1 26
Q4 25
$537.0M
$543.9M
Q3 25
$85.0M
$424.2M
Q2 25
$488.0M
$212.3M
Q1 25
$75.0M
$157.5M
Q4 24
$415.0M
$439.0M
Q3 24
$143.0M
$353.2M
Q2 24
$287.0M
$203.7M
Free Cash Flow
AA
AA
DOV
DOV
Q1 26
Q4 25
$294.0M
$487.0M
Q3 25
$-66.0M
$370.1M
Q2 25
$357.0M
$151.4M
Q1 25
$-18.0M
$109.3M
Q4 24
$246.0M
$385.0M
Q3 24
$-3.0M
$325.0M
Q2 24
$123.0M
$162.8M
FCF Margin
AA
AA
DOV
DOV
Q1 26
Q4 25
8.5%
23.2%
Q3 25
-2.2%
17.8%
Q2 25
11.8%
7.4%
Q1 25
-0.5%
5.9%
Q4 24
7.1%
25.8%
Q3 24
-0.1%
16.4%
Q2 24
4.2%
7.5%
Capex Intensity
AA
AA
DOV
DOV
Q1 26
Q4 25
7.0%
2.7%
Q3 25
5.0%
2.6%
Q2 25
4.3%
3.0%
Q1 25
2.8%
2.6%
Q4 24
4.8%
3.6%
Q3 24
5.0%
1.4%
Q2 24
5.6%
1.9%
Cash Conversion
AA
AA
DOV
DOV
Q1 26
Q4 25
2.52×
1.93×
Q3 25
0.37×
1.40×
Q2 25
2.98×
0.76×
Q1 25
0.14×
0.68×
Q4 24
2.05×
0.31×
Q3 24
1.59×
1.02×
Q2 24
14.35×
0.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AA
AA

Aluminum$2.5B72%
Third Party Sales$979.0M28%

DOV
DOV

Segment breakdown not available.

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