vs

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

PPL Corporation is the larger business by last-quarter revenue ($2.3B vs $2.1B, roughly 1.1× Dover Corporation). Dover Corporation runs the higher net margin — 13.4% vs 11.3%, a 2.1% gap on every dollar of revenue. On growth, Dover Corporation posted the faster year-over-year revenue change (12.5% vs 7.2%). Over the past eight quarters, PPL Corporation's revenue compounded faster (1.0% 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...

PPL Corporation is a leading US-based energy utility holding company headquartered in Allentown, Pennsylvania. It delivers electricity and natural gas to approximately 3.5 million residential, commercial and industrial customers across Pennsylvania, Kentucky and Rhode Island, with core focuses on grid modernization, affordable clean energy transition, and reliable sustainable energy services for local communities.

DOV vs PPL — Head-to-Head

Bigger by revenue
PPL
PPL
1.1× larger
PPL
$2.3B
$2.1B
DOV
Growing faster (revenue YoY)
DOV
DOV
+5.3% gap
DOV
12.5%
7.2%
PPL
Higher net margin
DOV
DOV
2.1% more per $
DOV
13.4%
11.3%
PPL
Faster 2-yr revenue CAGR
PPL
PPL
Annualised
PPL
1.0%
-1.8%
DOV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DOV
DOV
PPL
PPL
Revenue
$2.1B
$2.3B
Net Profit
$282.1M
$266.0M
Gross Margin
39.1%
Operating Margin
16.5%
20.3%
Net Margin
13.4%
11.3%
Revenue YoY
12.5%
7.2%
Net Profit YoY
22.2%
50.3%
EPS (diluted)
$2.06
$0.35

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
PPL
PPL
Q1 26
$2.1B
Q4 25
$2.1B
$2.3B
Q3 25
$2.1B
$2.2B
Q2 25
$2.0B
$2.0B
Q1 25
$1.9B
$2.5B
Q4 24
$1.5B
$2.2B
Q3 24
$2.0B
$2.1B
Q2 24
$2.2B
$1.9B
Net Profit
DOV
DOV
PPL
PPL
Q1 26
$282.1M
Q4 25
$282.1M
$266.0M
Q3 25
$302.0M
$318.0M
Q2 25
$279.1M
$183.0M
Q1 25
$230.8M
$414.0M
Q4 24
$1.4B
$177.0M
Q3 24
$347.1M
$214.0M
Q2 24
$281.8M
$190.0M
Gross Margin
DOV
DOV
PPL
PPL
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
DOV
DOV
PPL
PPL
Q1 26
16.5%
Q4 25
16.5%
20.3%
Q3 25
18.2%
25.4%
Q2 25
17.3%
19.9%
Q1 25
15.9%
26.6%
Q4 24
14.0%
17.2%
Q3 24
16.8%
20.6%
Q2 24
17.0%
20.8%
Net Margin
DOV
DOV
PPL
PPL
Q1 26
13.4%
Q4 25
13.4%
11.3%
Q3 25
14.5%
14.2%
Q2 25
13.6%
9.0%
Q1 25
12.4%
16.3%
Q4 24
96.4%
8.1%
Q3 24
17.5%
10.3%
Q2 24
12.9%
10.1%
EPS (diluted)
DOV
DOV
PPL
PPL
Q1 26
$2.06
Q4 25
$2.06
$0.35
Q3 25
$2.19
$0.43
Q2 25
$2.02
$0.25
Q1 25
$1.67
$0.56
Q4 24
$10.38
$0.23
Q3 24
$2.51
$0.29
Q2 24
$2.04
$0.26

Balance Sheet & Financial Strength

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

Metric
DOV
DOV
PPL
PPL
Cash + ST InvestmentsLiquidity on hand
$1.1B
Total DebtLower is stronger
$3.3B
$18.9B
Stockholders' EquityBook value
$7.4B
$14.9B
Total Assets
$13.4B
$45.2B
Debt / EquityLower = less leverage
0.45×
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOV
DOV
PPL
PPL
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$294.0M
Q1 25
$312.0M
Q4 24
$306.0M
Q3 24
$542.0M
Q2 24
$282.0M
Total Debt
DOV
DOV
PPL
PPL
Q1 26
$3.3B
Q4 25
$3.3B
$18.9B
Q3 25
$3.1B
Q2 25
$3.1B
Q1 25
$3.0B
Q4 24
$2.9B
$16.5B
Q3 24
$3.0B
Q2 24
$3.0B
Stockholders' Equity
DOV
DOV
PPL
PPL
Q1 26
$7.4B
Q4 25
$7.4B
$14.9B
Q3 25
$7.7B
$14.4B
Q2 25
$7.4B
$14.3B
Q1 25
$7.1B
$14.3B
Q4 24
$7.0B
$14.1B
Q3 24
$5.7B
$14.1B
Q2 24
$5.4B
$14.1B
Total Assets
DOV
DOV
PPL
PPL
Q1 26
$13.4B
Q4 25
$13.4B
$45.2B
Q3 25
$13.4B
$43.9B
Q2 25
$13.2B
$42.4B
Q1 25
$12.6B
$41.8B
Q4 24
$12.5B
$41.1B
Q3 24
$11.9B
$40.5B
Q2 24
$11.3B
$39.8B
Debt / Equity
DOV
DOV
PPL
PPL
Q1 26
0.45×
Q4 25
0.45×
1.27×
Q3 25
0.40×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.42×
1.17×
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
PPL
PPL
Operating Cash FlowLast quarter
$548.0M
Free Cash FlowOCF − Capex
$-614.0M
FCF MarginFCF / Revenue
-26.1%
Capex IntensityCapex / Revenue
49.5%
Cash ConversionOCF / Net Profit
2.06×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOV
DOV
PPL
PPL
Q1 26
Q4 25
$543.9M
$548.0M
Q3 25
$424.2M
$966.0M
Q2 25
$212.3M
$602.0M
Q1 25
$157.5M
$513.0M
Q4 24
$439.0M
$511.0M
Q3 24
$353.2M
$781.0M
Q2 24
$203.7M
$766.0M
Free Cash Flow
DOV
DOV
PPL
PPL
Q1 26
Q4 25
$487.0M
$-614.0M
Q3 25
$370.1M
$-179.0M
Q2 25
$151.4M
$-328.0M
Q1 25
$109.3M
$-280.0M
Q4 24
$385.0M
$-349.0M
Q3 24
$325.0M
$102.0M
Q2 24
$162.8M
$96.0M
FCF Margin
DOV
DOV
PPL
PPL
Q1 26
Q4 25
23.2%
-26.1%
Q3 25
17.8%
-8.0%
Q2 25
7.4%
-16.1%
Q1 25
5.9%
-11.0%
Q4 24
25.8%
-15.9%
Q3 24
16.4%
4.9%
Q2 24
7.5%
5.1%
Capex Intensity
DOV
DOV
PPL
PPL
Q1 26
Q4 25
2.7%
49.5%
Q3 25
2.6%
51.2%
Q2 25
3.0%
45.6%
Q1 25
2.6%
31.2%
Q4 24
3.6%
39.3%
Q3 24
1.4%
32.7%
Q2 24
1.9%
35.8%
Cash Conversion
DOV
DOV
PPL
PPL
Q1 26
Q4 25
1.93×
2.06×
Q3 25
1.40×
3.04×
Q2 25
0.76×
3.29×
Q1 25
0.68×
1.24×
Q4 24
0.31×
2.89×
Q3 24
1.02×
3.65×
Q2 24
0.72×
4.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOV
DOV

Segment breakdown not available.

PPL
PPL

Rhode Island Regulated$539.0M23%
Other$532.0M23%
Residential$451.0M19%
Nonrelated Party$425.0M18%
Transmission$228.0M10%
Commercial$117.0M5%
Wholesale Other$23.0M1%
Industrial$14.0M1%
Related Party$13.0M1%
Wholesale Municipal$6.0M0%

Related Comparisons