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Side-by-side financial comparison of Dover Corporation (DOV) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.

Dover Corporation is the larger business by last-quarter revenue ($2.1B vs $1.5B, roughly 1.4× MERCURY GENERAL CORP). Dover Corporation runs the higher net margin — 13.4% vs 13.2%, a 0.2% gap on every dollar of revenue. On growth, Dover Corporation posted the faster year-over-year revenue change (12.5% vs 12.4%). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% CAGR vs -1.8%).

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...

Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.

DOV vs MCY — Head-to-Head

Bigger by revenue
DOV
DOV
1.4× larger
DOV
$2.1B
$1.5B
MCY
Growing faster (revenue YoY)
DOV
DOV
+0.1% gap
DOV
12.5%
12.4%
MCY
Higher net margin
DOV
DOV
0.2% more per $
DOV
13.4%
13.2%
MCY
Faster 2-yr revenue CAGR
MCY
MCY
Annualised
MCY
9.8%
-1.8%
DOV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DOV
DOV
MCY
MCY
Revenue
$2.1B
$1.5B
Net Profit
$282.1M
$202.5M
Gross Margin
39.1%
99.7%
Operating Margin
16.5%
16.2%
Net Margin
13.4%
13.2%
Revenue YoY
12.5%
12.4%
Net Profit YoY
22.2%
100.4%
EPS (diluted)
$2.06
$3.66

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
DOV
DOV
MCY
MCY
Q1 26
$2.1B
Q4 25
$2.1B
$1.5B
Q3 25
$2.1B
$1.6B
Q2 25
$2.0B
$1.5B
Q1 25
$1.9B
$1.4B
Q4 24
$1.5B
$1.4B
Q3 24
$2.0B
$1.5B
Q2 24
$2.2B
$1.3B
Net Profit
DOV
DOV
MCY
MCY
Q1 26
$282.1M
Q4 25
$282.1M
$202.5M
Q3 25
$302.0M
$280.4M
Q2 25
$279.1M
$166.5M
Q1 25
$230.8M
$-108.3M
Q4 24
$1.4B
$101.1M
Q3 24
$347.1M
$230.9M
Q2 24
$281.8M
$62.6M
Gross Margin
DOV
DOV
MCY
MCY
Q1 26
39.1%
Q4 25
39.1%
99.7%
Q3 25
40.1%
99.8%
Q2 25
39.9%
99.8%
Q1 25
40.0%
99.7%
Q4 24
41.4%
99.7%
Q3 24
38.5%
99.8%
Q2 24
37.7%
99.8%
Operating Margin
DOV
DOV
MCY
MCY
Q1 26
16.5%
Q4 25
16.5%
16.2%
Q3 25
18.2%
22.1%
Q2 25
17.3%
14.0%
Q1 25
15.9%
-10.2%
Q4 24
14.0%
9.0%
Q3 24
16.8%
18.8%
Q2 24
17.0%
5.8%
Net Margin
DOV
DOV
MCY
MCY
Q1 26
13.4%
Q4 25
13.4%
13.2%
Q3 25
14.5%
17.7%
Q2 25
13.6%
11.3%
Q1 25
12.4%
-7.8%
Q4 24
96.4%
7.4%
Q3 24
17.5%
15.1%
Q2 24
12.9%
4.8%
EPS (diluted)
DOV
DOV
MCY
MCY
Q1 26
$2.06
Q4 25
$2.06
$3.66
Q3 25
$2.19
$5.06
Q2 25
$2.02
$3.01
Q1 25
$1.67
$-1.96
Q4 24
$10.38
$1.82
Q3 24
$2.51
$4.17
Q2 24
$2.04
$1.13

Balance Sheet & Financial Strength

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

Metric
DOV
DOV
MCY
MCY
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$3.3B
$575.0M
Stockholders' EquityBook value
$7.4B
$2.4B
Total Assets
$13.4B
$9.6B
Debt / EquityLower = less leverage
0.45×
0.24×

8-quarter trend — quarters aligned by calendar period.

Total Debt
DOV
DOV
MCY
MCY
Q1 26
$3.3B
Q4 25
$3.3B
$575.0M
Q3 25
$3.1B
Q2 25
$3.1B
Q1 25
$3.0B
Q4 24
$2.9B
$575.0M
Q3 24
$3.0B
Q2 24
$3.0B
Stockholders' Equity
DOV
DOV
MCY
MCY
Q1 26
$7.4B
Q4 25
$7.4B
$2.4B
Q3 25
$7.7B
$2.2B
Q2 25
$7.4B
$2.0B
Q1 25
$7.1B
$1.8B
Q4 24
$7.0B
$1.9B
Q3 24
$5.7B
$1.9B
Q2 24
$5.4B
$1.6B
Total Assets
DOV
DOV
MCY
MCY
Q1 26
$13.4B
Q4 25
$13.4B
$9.6B
Q3 25
$13.4B
$9.4B
Q2 25
$13.2B
$9.1B
Q1 25
$12.6B
$9.0B
Q4 24
$12.5B
$8.3B
Q3 24
$11.9B
$8.2B
Q2 24
$11.3B
$7.7B
Debt / Equity
DOV
DOV
MCY
MCY
Q1 26
0.45×
Q4 25
0.45×
0.24×
Q3 25
0.40×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.42×
0.30×
Q3 24
0.53×
Q2 24
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
DOV
DOV
MCY
MCY
Operating Cash FlowLast quarter
$287.9M
Free Cash FlowOCF − Capex
$273.9M
FCF MarginFCF / Revenue
17.8%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOV
DOV
MCY
MCY
Q1 26
Q4 25
$543.9M
$287.9M
Q3 25
$424.2M
$496.4M
Q2 25
$212.3M
$371.6M
Q1 25
$157.5M
$-68.7M
Q4 24
$439.0M
$248.3M
Q3 24
$353.2M
$318.1M
Q2 24
$203.7M
$278.0M
Free Cash Flow
DOV
DOV
MCY
MCY
Q1 26
Q4 25
$487.0M
$273.9M
Q3 25
$370.1M
$479.5M
Q2 25
$151.4M
$357.2M
Q1 25
$109.3M
$-81.9M
Q4 24
$385.0M
$236.0M
Q3 24
$325.0M
$306.2M
Q2 24
$162.8M
$266.5M
FCF Margin
DOV
DOV
MCY
MCY
Q1 26
Q4 25
23.2%
17.8%
Q3 25
17.8%
30.3%
Q2 25
7.4%
24.2%
Q1 25
5.9%
-5.9%
Q4 24
25.8%
17.3%
Q3 24
16.4%
20.0%
Q2 24
7.5%
20.4%
Capex Intensity
DOV
DOV
MCY
MCY
Q1 26
Q4 25
2.7%
0.9%
Q3 25
2.6%
1.1%
Q2 25
3.0%
1.0%
Q1 25
2.6%
0.9%
Q4 24
3.6%
0.9%
Q3 24
1.4%
0.8%
Q2 24
1.9%
0.9%
Cash Conversion
DOV
DOV
MCY
MCY
Q1 26
Q4 25
1.93×
1.42×
Q3 25
1.40×
1.77×
Q2 25
0.76×
2.23×
Q1 25
0.68×
Q4 24
0.31×
2.46×
Q3 24
1.02×
1.38×
Q2 24
0.72×
4.44×

Financial Flow Comparison

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

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