Dover Corporation (DOV) Income Statement
DOV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDOV revenue and net income
Where DOV's revenue goes
2025Each bar shows an amount and its share of revenue. DOV kept 13.5% of revenue as net income.
DOV profit margins
DOV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.5% | +1.0% | +3.9% | +1.5% |
| Gross profit | +8.8% | +3.5% | +5.4% | +2.3% |
| Operating income | +13.8% | +2.4% | +8.0% | +4.1% |
| Net income | −59.4% | +0.9% | +9.9% | +2.3% |
| EPS (diluted) | +9.6% | +4.4% | +11.2% | +10.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DOV quarterly EPS vs estimates
Dover beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 22, 2026 (estimate $2.85).
DOV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.09B | $7.75B | $8.44B | $7.84B | $7.91B | $6.68B | $7.14B | $6.99B | $6.82B | $6.04B |
| Cost of revenue | $4.87B | $4.79B | $5.35B | $4.94B | $4.94B | $4.21B | $4.52B | $4.43B | $4.29B | $3.82B |
| Gross profit | $3.22B | $2.96B | $3.08B | $2.90B | $2.97B | $2.47B | $2.62B | $2.56B | $2.53B | $2.23B |
| Research & development | $84.3M | $149.6M | $153.1M | $151.4M | $157.8M | $142.1M | $141.0M | $143.0M | $130.5M | $104.5M |
| Sales, general & admin | $1.84B | $1.56B | $1.70B | $1.44B | $1.51B | $1.37B | $1.43B | $1.50B | $1.98B | $1.76B |
| Total operating expenses | $1.84B | $1.75B | $1.72B | $1.63B | $1.69B | $1.54B | $1.65B | $1.72B | $1.72B | $1.52B |
| Operating income | $1.37B | $1.21B | $1.37B | $1.28B | $1.28B | $933.0M | $974.9M | $843.1M | $806.9M | $709.0M |
| Interest income | $36.7M | $37.2M | $10.0M | $112.0M | $101.9M | $3.6M | $4.5M | $8.9M | $8.5M | $6.8M |
| Interest expense | $109.8M | $131.2M | $131.3M | $116.5M | $106.3M | $111.9M | $125.8M | $131.0M | $144.9M | $136.4M |
| Income before taxes | $1.37B | $1.76B | $1.27B | $1.19B | $1.40B | $841.7M | $843.0M | $725.4M | $875.8M | $684.6M |
| Income taxes | $276.8M | $357.0M | $213.2M | $200.3M | $277.0M | $158.3M | $165.1M | $134.2M | $129.2M | $182.5M |
| Net income | $1.09B | $2.70B | $1.06B | $1.07B | $1.12B | $683.5M | $677.9M | $570.3M | $811.7M | $508.9M |
| EBITDA | $1.86B | $2.23B | $1.37B | $1.61B | $1.80B | $1.23B | $1.24B | $1.14B | $1.30B | $1.07B |
| EPS (diluted) | $9.62 | $8.78 | $8.79 | $8.46 | $7.63 | $5.67 | $5.94 | $5.25 | $4.03 | $2.82 |
| Gross margin | 39.8% | 38.2% | 36.6% | 37.0% | 37.6% | 37.0% | 36.7% | 36.6% | 37.1% | 36.9% |
| Operating margin | 17.0% | 15.6% | 16.2% | 16.3% | 16.2% | 14.0% | 13.7% | 12.1% | 11.8% | 11.7% |
| Net margin | 13.5% | 34.8% | 12.5% | 13.6% | 14.2% | 10.2% | 9.5% | 8.2% | 11.9% | 8.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.19B | $2.05B | $2.10B | $2.08B | $2.05B | $1.87B | $1.93B | $1.98B | $1.95B | $1.88B | $2.11B | $1.96B |
| Cost of revenue | $1.31B | $1.26B | $1.28B | $1.24B | $1.23B | $1.12B | $1.18B | $1.22B | $1.20B | $1.19B | $1.32B | $1.22B |
| Gross profit | $880.6M | $798.1M | $820.8M | $833.6M | $818.3M | $745.5M | $745.7M | $763.2M | $752.5M | $697.2M | $785.8M | $739.4M |
| Research & development | — | — | — | $43.5M | $40.8M | $37.5M | $41.6M | $35.6M | $36.3M | $40.1M | $34.0M | $34.4M |
| Sales, general & admin | $488.8M | $492.2M | $475.5M | $456.4M | $463.7M | $449.2M | $379.1M | $429.6M | $452.2M | $463.1M | $371.6M | $420.2M |
| Total operating expenses | $488.8M | $492.2M | $475.5M | $456.4M | $463.7M | $449.2M | $450.7M | $429.6M | $429.1M | $443.0M | $431.3M | $402.8M |
| Operating income | $391.8M | $305.9M | $345.3M | $377.2M | $354.6M | $296.3M | $295.1M | $333.6M | $323.5M | $254.2M | $354.5M | $336.5M |
| Interest income | $14.5M | $14.1M | $11.1M | $17.8M | $17.9M | $20.3M | $23.1M | $5.2M | $4.1M | $4.8M | $4.9M | $3.8M |
| Interest expense | $29.1M | $29.5M | $28.1M | $27.2M | $26.8M | $27.6M | $28.3M | $34.1M | $32.4M | $36.4M | $30.9M | $32.4M |
| Income before taxes | $387.7M | $298.9M | $340.5M | $386.2M | $352.1M | $295.4M | $303.6M | $386.3M | $307.4M | $759.7M | $329.2M | $318.2M |
| Income taxes | $75.2M | $60.2M | $65.8M | $83.0M | $72.0M | $56.1M | $65.3M | $73.4M | $60.8M | $157.6M | $33.0M | $56.3M |
| Net income | $312.2M | $238.4M | $282.1M | $302.0M | $279.1M | $230.8M | $1.44B | $347.1M | $281.8M | $632.2M | $296.3M | $289.8M |
| EBITDA | $488.6M | $425.8M | $468.0M | $511.9M | $473.3M | $410.4M | $418.6M | $507.1M | $422.5M | $877.8M | $440.6M | $421.5M |
| EPS (diluted) | $2.74 | $2.28 | $2.51 | $2.62 | $2.44 | $2.05 | $2.20 | $2.27 | $2.36 | $1.95 | $2.45 | $2.35 |
| Gross margin | 40.2% | 38.9% | 39.1% | 40.1% | 39.9% | 40.0% | 38.6% | 38.5% | 38.6% | 37.0% | 37.3% | 37.8% |
| Operating margin | 17.9% | 14.9% | 16.5% | 18.2% | 17.3% | 15.9% | 15.3% | 16.8% | 16.6% | 13.5% | 16.8% | 17.2% |
| Net margin | 14.3% | 11.6% | 13.4% | 14.5% | 13.6% | 12.4% | 74.4% | 17.5% | 14.5% | 33.6% | 14.1% | 14.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DOV's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DOV financial results
In fiscal year 2025 (ended December 31, 2025), Dover reported revenue of $8.1 billion, up 4.5% from the year before. It had net income of $1.1 billion (down 59.4%), a net profit margin of 13.5%. Diluted earnings per share came to $9.62. Over five years revenue grew at an average rate of 3.9% a year.
See the DOV stock overview for the latest quote and news, or the DOV chart for price history and technical indicators.
DOV income statement FAQ
What is Dover's annual revenue?
Dover reported total revenue of $8.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 4.5% from $7.7 billion the previous year.
Is Dover profitable?
Yes. Dover reported net income of $1.1 billion in fiscal 2025, a net profit margin of 13.5%; its operating margin was 17.0%.
What is Dover's gross margin?
Dover's gross margin was 39.8% in fiscal 2025: for every $100 of revenue, Dover kept $40 after the direct cost of its products and services.
How much does Dover spend on research and development?
Dover spent $84.3 million on research and development in fiscal 2025, 1.0% of revenue.
How fast is Dover growing?
Revenue grew 3.9% a year on average over the last five fiscal years, from $6.7 billion to $8.1 billion.
What are Dover's earnings per share?
Dover earned $9.62 per diluted share in fiscal 2025, compared with $8.78 a year earlier.
When will Dover report its next earnings?
Dover is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Dover's fiscal year end?
Dover's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.