vs

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

Dover Corporation is the larger business by last-quarter revenue ($2.1B vs $2.0B, roughly 1.1× APi Group Corp). Dover Corporation runs the higher net margin — 13.4% vs 2.9%, a 10.6% gap on every dollar of revenue. On growth, Dover Corporation posted the faster year-over-year revenue change (12.5% vs 11.7%). Over the past eight quarters, APi Group Corp's revenue compounded faster (7.0% CAGR vs -1.8%).

X.AI Corp., doing business as xAI, is an American company working in the area of artificial intelligence (AI), social media and technology that is a wholly owned subsidiary of American aerospace company SpaceX. Founded by Elon Musk in 2023, the company's flagship products are the generative AI chatbot named Grok and the social media platform X, the latter of which they acquired in March 2025.

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...

APG vs DOV — Head-to-Head

Bigger by revenue
DOV
DOV
1.1× larger
DOV
$2.1B
$2.0B
APG
Growing faster (revenue YoY)
DOV
DOV
+0.8% gap
DOV
12.5%
11.7%
APG
Higher net margin
DOV
DOV
10.6% more per $
DOV
13.4%
2.9%
APG
Faster 2-yr revenue CAGR
APG
APG
Annualised
APG
7.0%
-1.8%
DOV

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
APG
APG
DOV
DOV
Revenue
$2.0B
$2.1B
Net Profit
$57.0M
$282.1M
Gross Margin
31.3%
39.1%
Operating Margin
5.2%
16.5%
Net Margin
2.9%
13.4%
Revenue YoY
11.7%
12.5%
Net Profit YoY
22.2%
EPS (diluted)
$0.12
$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
APG
APG
DOV
DOV
Q1 26
$2.0B
$2.1B
Q4 25
$2.1B
$2.1B
Q3 25
$2.1B
$2.1B
Q2 25
$2.0B
$2.0B
Q1 25
$1.7B
$1.9B
Q4 24
$1.9B
$1.5B
Q3 24
$1.8B
$2.0B
Q2 24
$1.7B
$2.2B
Net Profit
APG
APG
DOV
DOV
Q1 26
$57.0M
$282.1M
Q4 25
$97.0M
$282.1M
Q3 25
$93.0M
$302.0M
Q2 25
$77.0M
$279.1M
Q1 25
$35.0M
$230.8M
Q4 24
$67.0M
$1.4B
Q3 24
$69.0M
$347.1M
Q2 24
$69.0M
$281.8M
Gross Margin
APG
APG
DOV
DOV
Q1 26
31.3%
39.1%
Q4 25
32.0%
39.1%
Q3 25
31.3%
40.1%
Q2 25
30.9%
39.9%
Q1 25
31.5%
40.0%
Q4 24
30.9%
41.4%
Q3 24
31.1%
38.5%
Q2 24
31.4%
37.7%
Operating Margin
APG
APG
DOV
DOV
Q1 26
5.2%
16.5%
Q4 25
7.7%
16.5%
Q3 25
7.8%
18.2%
Q2 25
7.2%
17.3%
Q1 25
4.9%
15.9%
Q4 24
6.2%
14.0%
Q3 24
7.8%
16.8%
Q2 24
7.3%
17.0%
Net Margin
APG
APG
DOV
DOV
Q1 26
2.9%
13.4%
Q4 25
4.6%
13.4%
Q3 25
4.5%
14.5%
Q2 25
3.9%
13.6%
Q1 25
2.0%
12.4%
Q4 24
3.6%
96.4%
Q3 24
3.8%
17.5%
Q2 24
4.0%
12.9%
EPS (diluted)
APG
APG
DOV
DOV
Q1 26
$0.12
$2.06
Q4 25
$-1.16
$2.06
Q3 25
$0.20
$2.19
Q2 25
$0.16
$2.02
Q1 25
$0.11
$1.67
Q4 24
$0.05
$10.38
Q3 24
$0.23
$2.51
Q2 24
$0.22
$2.04

Balance Sheet & Financial Strength

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

Metric
APG
APG
DOV
DOV
Cash + ST InvestmentsLiquidity on hand
$645.0M
Total DebtLower is stronger
$2.8B
$3.3B
Stockholders' EquityBook value
$3.5B
$7.4B
Total Assets
$9.0B
$13.4B
Debt / EquityLower = less leverage
0.79×
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APG
APG
DOV
DOV
Q1 26
$645.0M
Q4 25
$912.0M
Q3 25
$555.0M
Q2 25
$432.0M
Q1 25
$460.0M
Q4 24
$499.0M
Q3 24
$487.0M
Q2 24
$324.0M
Total Debt
APG
APG
DOV
DOV
Q1 26
$2.8B
$3.3B
Q4 25
$2.8B
$3.3B
Q3 25
$2.8B
$3.1B
Q2 25
$2.8B
$3.1B
Q1 25
$2.8B
$3.0B
Q4 24
$2.8B
$2.9B
Q3 24
$2.9B
$3.0B
Q2 24
$2.8B
$3.0B
Stockholders' Equity
APG
APG
DOV
DOV
Q1 26
$3.5B
$7.4B
Q4 25
$3.4B
$7.4B
Q3 25
$3.3B
$7.7B
Q2 25
$3.2B
$7.4B
Q1 25
$3.0B
$7.1B
Q4 24
$3.0B
$7.0B
Q3 24
$3.0B
$5.7B
Q2 24
$2.8B
$5.4B
Total Assets
APG
APG
DOV
DOV
Q1 26
$9.0B
$13.4B
Q4 25
$8.9B
$13.4B
Q3 25
$8.7B
$13.4B
Q2 25
$8.5B
$13.2B
Q1 25
$8.1B
$12.6B
Q4 24
$8.2B
$12.5B
Q3 24
$8.2B
$11.9B
Q2 24
$8.0B
$11.3B
Debt / Equity
APG
APG
DOV
DOV
Q1 26
0.79×
0.45×
Q4 25
0.81×
0.45×
Q3 25
0.84×
0.40×
Q2 25
0.87×
0.41×
Q1 25
0.92×
0.42×
Q4 24
0.93×
0.42×
Q3 24
0.96×
0.53×
Q2 24
1.00×
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
APG
APG
DOV
DOV
Operating Cash FlowLast quarter
$85.0M
Free Cash FlowOCF − Capex
$67.0M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$680.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APG
APG
DOV
DOV
Q1 26
$85.0M
Q4 25
$382.0M
$543.9M
Q3 25
$232.0M
$424.2M
Q2 25
$83.0M
$212.3M
Q1 25
$62.0M
$157.5M
Q4 24
$283.0M
$439.0M
Q3 24
$220.0M
$353.2M
Q2 24
$110.0M
$203.7M
Free Cash Flow
APG
APG
DOV
DOV
Q1 26
$67.0M
Q4 25
$356.0M
$487.0M
Q3 25
$201.0M
$370.1M
Q2 25
$56.0M
$151.4M
Q1 25
$50.0M
$109.3M
Q4 24
$265.0M
$385.0M
Q3 24
$198.0M
$325.0M
Q2 24
$88.0M
$162.8M
FCF Margin
APG
APG
DOV
DOV
Q1 26
3.4%
Q4 25
16.8%
23.2%
Q3 25
9.6%
17.8%
Q2 25
2.8%
7.4%
Q1 25
2.9%
5.9%
Q4 24
14.2%
25.8%
Q3 24
10.8%
16.4%
Q2 24
5.1%
7.5%
Capex Intensity
APG
APG
DOV
DOV
Q1 26
Q4 25
1.2%
2.7%
Q3 25
1.5%
2.6%
Q2 25
1.4%
3.0%
Q1 25
0.7%
2.6%
Q4 24
1.0%
3.6%
Q3 24
1.2%
1.4%
Q2 24
1.3%
1.9%
Cash Conversion
APG
APG
DOV
DOV
Q1 26
1.49×
Q4 25
3.94×
1.93×
Q3 25
2.49×
1.40×
Q2 25
1.08×
0.76×
Q1 25
1.77×
0.68×
Q4 24
4.22×
0.31×
Q3 24
3.19×
1.02×
Q2 24
1.59×
0.72×

Financial Flow Comparison

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

Related Comparisons