Dover (DOV) Financials

$179.58 +0.04 (+0.02%)

Closing price 03:59 PM Eastern

Extended Trading

$179.18 -0.40 (-0.22%)

As of 07:52 PM Eastern

Annual Income Statements for Dover

This table shows Dover's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,697	1,057	1,065	1,124	683	701	570	812	509	870
Consolidated Net Income / (Loss)	2,697	1,057	1,065	1,124	683	678	570	812	509	870
Net Income / (Loss) Continuing Operations	1,400	944	990	1,124	678	701	591	747	502	596
Total Pre-Tax Income	1,757	1,123	1,190	1,401	837	843	725	876	685	801
Total Operating Income	1,206	1,219	1,280	1,282	933	975	843	807	709	921
Total Gross Profit	2,959	2,868	2,905	2,970	2,474	2,621	2,560	2,529	2,228	2,568
Total Revenue	7,746	7,684	7,844	7,907	6,684	7,136	6,992	6,821	6,043	6,956
Operating Revenue	7,746	7,684	7,844	7,907	6,684	7,136	6,992	6,821	6,043	6,956
Total Cost of Revenue	4,787	4,817	4,939	4,937	4,210	4,515	4,433	4,292	3,816	4,388
Operating Cost of Revenue	4,787	4,817	4,939	4,937	4,210	4,515	4,433	4,292	3,816	4,388
Total Operating Expenses	1,154	1,648	1,625	1,688	1,536	1,646	1,716	1,722	1,519	1,647
Selling, General & Admin Expense	1,752	1,648	1,625	1,688	1,541	1,599	1,716	1,722	1,519	1,647
Other Special Charges / (Income)	-598	0.00	0.00	-	-5.21	-	-	-	-	-
Total Other Income / (Expense), net	-47	-96	-89	119	-96	-108	-118	69	-24	-120
Interest Expense	131	131	116	106	112	126	131	145	136	132
Interest & Investment Income	37	13	4.43	4.44	3.57	4.53	8.88	8.49	6.75	4.42
Other Income / (Expense), net	47	21	23	221	12	13	4.36	205	105	7.11
Income Tax Expense	357	179	200	277	158	165	134	129	183	205
Net Income / (Loss) Discontinued Operations	1,297	113	75	-	-	-	-21	65	6.76	274
Basic Earnings per Share	$19.58	$7.56	$7.47	$7.81	$4.74	$4.67	$3.80	$5.21	$3.28	$5.52
Weighted Average Basic Shares Outstanding	137.74M	139.85M	142.68M	143.92M	144.05M	145.20M	149.87M	155.69M	155.23M	157.62M
Diluted Earnings per Share	$19.45	$7.52	$7.42	$7.74	$4.70	$4.61	$3.75	$5.15	$3.25	$5.46
Weighted Average Diluted Shares Outstanding	138.70M	140.60M	143.60M	145.27M	145.39M	146.99M	152.13M	157.74M	156.64M	159.17M
Weighted Average Basic & Diluted Shares Outstanding	137.23M	139.90M	139.71M	144.05M	143.65M	288.66M	150.10M	154.42M	155.20M	157.60M
Cash Dividends to Common per Share	$2.05	$2.03	$2.01	$1.99	$1.97	$1.94	$1.90	$1.82	$1.72	$1.64

This table shows Dover's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	231	1,436	347	282	632	296	290	242	229	264	286
Consolidated Net Income / (Loss)	231	1,436	347	282	632	296	290	242	229	264	286
Net Income / (Loss) Continuing Operations	239	173	313	282	632	211	262	242	229	188	286
Total Pre-Tax Income	295	219	386	353	799	218	318	300	286	226	353
Total Operating Income	296	209	334	369	294	244	337	324	315	253	370
Total Gross Profit	746	617	763	822	757	622	739	759	747	608	773
Total Revenue	1,866	1,490	1,984	2,178	2,094	1,547	1,958	2,100	2,079	1,475	2,158
Operating Revenue	1,866	1,490	1,984	2,178	2,094	1,547	1,958	2,100	2,079	1,475	2,158
Total Cost of Revenue	1,121	874	1,220	1,357	1,337	925	1,219	1,341	1,332	868	1,386
Operating Cost of Revenue	1,121	874	1,220	1,357	1,337	925	1,219	1,341	1,332	868	1,386
Total Operating Expenses	447	-190	430	452	463	379	403	434	432	355	402
Selling, General & Admin Expense	449	407	430	452	463	379	403	434	432	355	402
Other Special Charges / (Income)	-2.47	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-3.40	-589	53	-16	505	-25	-18	-24	-28	-27	-17
Interest Expense	28	28	34	32	36	31	32	34	34	33	30
Interest & Investment Income	20	23	5.18	4.08	4.76	4.94	3.81	2.65	2.09	1.46	1.24
Other Income / (Expense), net	3.96	-583	82	12	536	0.71	10	6.68	3.81	4.75	11
Income Tax Expense	56	45	73	71	167	7.38	56	58	58	38	67
Net Income / (Loss) Discontinued Operations	-8.42	-	34	-	-	-	28	-	-	-	-
Basic Earnings per Share	$1.68	$10.45	$2.53	$2.05	$4.55	$2.12	$2.07	$1.73	$1.64	$1.88	$2.01
Weighted Average Basic Shares Outstanding	137.27M	137.74M	137.25M	137.44M	139.05M	139.85M	139.88M	139.86M	139.76M	142.68M	142.51M
Diluted Earnings per Share	$1.67	$10.38	$2.51	$2.04	$4.52	$2.11	$2.06	$1.72	$1.63	$1.86	$2.00
Weighted Average Diluted Shares Outstanding	138.26M	138.70M	138.22M	138.40M	139.87M	140.60M	140.62M	140.58M	140.62M	143.60M	143.26M
Weighted Average Basic & Diluted Shares Outstanding	137.10M	137.23M	137.19M	137.46M	137.43M	139.90M	139.89M	139.87M	139.85M	139.71M	140.35M
Cash Dividends to Common per Share	$0.52	-	$0.52	$0.51	$0.51	-	$0.51	$0.51	$0.51	-	$0.51

This table details how cash moves in and out of Dover's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	1,429	35	-4.64	-128	116	1.03	-358	405	-13	-319
Net Cash From Operating Activities	1,088	1,220	747	1,116	1,105	945	789	739	735	949
Net Cash From Continuing Operating Activities	1,088	1,220	747	1,116	1,105	945	789	739	735	949
Net Income / (Loss) Continuing Operations	1,400	944	990	1,124	683	678	591	747	502	596
Consolidated Net Income / (Loss)	2,697	1,057	1,065	1,124	683	678	570	812	509	870
Net Income / (Loss) Discontinued Operations	1,297	113	75	-	-	-	-21	65	6.76	274
Depreciation Expense	338	305	296	290	279	272	283	283	250	327
Non-Cash Adjustments To Reconcile Net Income	-562	39	39	-158	38	112	39	-157	-45	71
Changes in Operating Assets and Liabilities, net	-88	-68	-577	-140	104	-117	-124	-134	28	-45
Net Cash From Investing Activities	-27	-718	-521	-993	-481	-384	-245	208	-1,481	-35
Net Cash From Continuing Investing Activities	-27	-718	-521	-993	-481	-384	-245	208	-1,481	-35
Purchase of Property, Plant & Equipment	-168	-183	-211	-171	-166	-187	-171	-170	-140	-154
Acquisitions	-635	-534	-313	-1,112	-336	-216	-69	-27	-1,562	-568
Divestitures	769	0.00	0.00	275	15	24	3.94	373	206	689
Other Investing Activities, net	6.97	-0.69	3.09	8.74	-2.51	-10	-16	21	-1.06	1.35
Net Cash From Financing Activities	-1,272	-568	-260	-250	-506	-558	-898	-593	634	-1,092
Net Cash From Continuing Financing Activities	-1,272	-568	-260	-250	-506	-558	-898	-593	634	-1,092
Repayment of Debt	-4.32	-4.13	-2.97	-4.42	-2.52	-807	-363	-186	-1.89	-627
Repurchase of Common Equity	-500	0.00	-585	-22	-106	-143	-895	-105	0.00	-600
Payment of Dividends	-283	-284	-288	-287	-284	-282	-284	-284	-268	-258
Issuance of Debt	-468	-267	630	105	-85	712	0.00	0.00	911	394
Other Financing Activities, net	-17	-12	-15	-42	-28	-37	643	-18	-7.27	-1.01
Effect of Exchange Rate Changes	-6.35	-6.67	-9.17	-0.80	-1.32	-1.98	11	1.47	-4.74	-26
Other Net Changes in Cash	1,646	108	39	-	-	-	-14	49	104	-116
Cash Interest Paid	126	127	112	102	108	127	132	141	131	128
Cash Income Taxes Paid	908	332	354	234	200	191	135	338	170	346

This table details how cash moves in and out of Dover's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-40	1,448	68	-601	514	115	15	13	-108	75	-209
Net Cash From Operating Activities	157	439	279	204	167	499	284	195	241	280	265
Net Cash From Continuing Operating Activities	157	439	279	204	167	499	284	195	241	280	265
Net Income / (Loss) Continuing Operations	239	238	248	282	632	258	215	242	229	188	286
Consolidated Net Income / (Loss)	231	1,436	347	282	632	296	290	242	229	264	286
Net Income / (Loss) Discontinued Operations	-8.42	1,198	-	-	-	38	-	-	-	-	-
Depreciation Expense	87	87	81	86	85	78	71	79	78	65	77
Non-Cash Adjustments To Reconcile Net Income	21	3.56	-61	10	-515	14	6.11	6.44	12	8.10	14
Changes in Operating Assets and Liabilities, net	-191	110	11	-174	-36	149	-7.37	-132	-77	19	-112
Net Cash From Investing Activities	-74	-90	-395	28	430	-587	-45	-42	-44	-119	-286
Net Cash From Continuing Investing Activities	-74	-90	-395	28	430	-587	-45	-42	-44	-119	-286
Purchase of Property, Plant & Equipment	-48	-54	-28	-41	-44	-57	-38	-40	-48	-45	-65
Acquisitions	-29	-33	-458	-	-145	-526	-7.17	-	0.00	-84	-221
Divestitures	3.80	1.16	93	63	612	-	-	-	0.00	-	-
Other Investing Activities, net	-0.51	-4.74	-1.80	6.04	7.47	-2.91	-0.22	-2.38	4.82	14	-0.22
Net Cash From Financing Activities	-122	-453	93	-831	-81	189	-313	-138	-307	-127	-179
Net Cash From Continuing Financing Activities	-122	-453	93	-831	-81	189	-313	-138	-307	-127	-179
Repayment of Debt	-1.17	-0.96	-1.29	-0.95	-1.13	-0.96	-0.82	-0.75	-1.60	-0.38	-1.07
Repurchase of Common Equity	-41	-	-	-	-500	-	-	-	0.00	-	-500
Payment of Dividends	-71	-71	-71	-70	-71	-71	-71	-71	-71	-71	-73
Issuance of Debt	0.04	-379	169	-759	501	261	-239	-68	-221	-53	395
Other Financing Activities, net	-9.00	-2.87	-3.82	-1.00	-8.91	0.20	-1.27	1.92	-13	-2.36	-0.17
Effect of Exchange Rate Changes	0.25	0.23	-2.63	-2.37	-1.57	-0.36	-5.18	-1.53	0.40	1.77	-8.94
Other Net Changes in Cash	-0.86	1,552	-	-	-	14	-	-	-	-	-

This table presents Dover's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	12,509	11,349	10,897	10,404	9,152	8,669	8,366	10,658	10,116	8,606
Total Current Assets	4,484	3,390	3,423	3,062	2,619	2,548	2,504	2,790	2,589	2,419
Cash & Equivalents	1,845	399	381	386	513	397	396	754	349	362
Accounts Receivable	1,354	1,321	1,517	1,348	1,137	1,217	1,232	1,184	1,265	1,120
Inventories, net	1,145	1,144	1,367	1,191	836	806	749	677	870	803
Prepaid Expenses	141	139	159	138	133	128	127	176	104	133
Other Current Assets	0.00	193	-	-	-	-	-	-	-	-
Other Current Nonoperating Assets	0.00	194	0.00	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	988	978	1,005	0.00	0.00	842	806	788	946	854
Total Noncurrent Assets	7,037	6,980	6,468	7,342	6,533	5,279	5,056	7,080	6,581	5,333
Goodwill	4,906	4,638	4,669	4,559	4,073	3,783	3,677	3,686	4,563	3,737
Intangible Assets	1,581	1,445	1,334	1,360	1,084	1,055	1,134	1,283	1,803	1,413
Other Noncurrent Operating Assets	550	555	465	1,424	1,377	440	244	246	216	182
Other Noncurrent Nonoperating Assets	0.00	342	-	-	-	0.00	-	1,866	-	-
Total Liabilities & Shareholders' Equity	12,509	11,349	10,897	10,404	9,152	8,669	8,366	10,658	10,116	8,606
Total Liabilities	5,555	6,242	6,610	6,214	5,766	5,637	5,597	6,275	6,316	4,962
Total Current Liabilities	2,197	2,414	2,773	2,250	1,739	1,748	1,827	2,142	1,940	1,367
Short-Term Debt	400	468	736	106	0.00	85	220	581	415	151
Accounts Payable	848	854	1,068	1,074	854	921	970	882	830	651
Accrued Expenses	88	151	93	101	99	98	98	102	96	100
Current Deferred Revenue	199	195	257	228	185	105	-	-	-	-
Current Deferred & Payable Income Tax Liabilities	34	37	31	92	18	18	14	15	40	6.53
Current Employee Benefit Liabilities	292	259	270	303	240	227	213	228	226	223
Other Current Liabilities	335	297	318	347	344	295	313	334	333	236
Other Current Nonoperating Liabilities	0.00	153	0.00	-	-	-	-	-	-	-
Total Noncurrent Liabilities	3,359	3,828	3,837	3,964	4,028	3,889	3,770	4,133	4,376	3,594
Long-Term Debt	2,529	2,992	2,943	3,019	3,109	2,986	2,944	2,987	3,207	2,604
Noncurrent Deferred Revenue	6.16	28	44	48	50	52	54	108	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	352	346	375	364	298	322	339	348	710	576
Other Noncurrent Operating Liabilities	471	427	475	533	570	529	432	426	459	415
Other Noncurrent Nonoperating Liabilities	0.00	35	-	-	-	-	-	264	-	-
Total Equity & Noncontrolling Interests	6,954	5,107	4,286	4,190	3,386	3,033	2,769	4,383	3,800	3,645
Total Preferred & Common Equity	6,954	5,107	4,286	4,190	3,386	3,033	2,769	4,383	3,800	3,645
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	6,954	5,107	4,286	4,190	3,386	3,033	2,769	4,383	3,800	3,645
Common Stock	1,153	1,147	1,127	1,117	1,128	1,128	1,144	1,199	1,203	1,185
Retained Earnings	13,410	10,996	10,223	9,445	8,608	8,211	7,815	8,456	7,928	7,687
Treasury Stock	-7,281	-6,798	-6,798	-6,219	-6,197	-6,091	-5,948	-5,077	-4,972	-4,972
Accumulated Other Comprehensive Income / (Loss)	-328	-238	-266	-154	-153	-216	-243	-195	-359	-255

This table presents Dover's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	12,649	12,509	11,913	11,292	11,987	11,349	10,772	10,902	10,805	10,897	10,652
Total Current Assets	4,554	4,484	3,746	3,266	3,910	3,390	3,457	3,415	3,316	3,423	3,377
Cash & Equivalents	1,805	1,845	387	329	930	399	284	286	272	381	306
Accounts Receivable	1,379	1,354	1,429	1,560	1,519	1,321	1,549	1,561	1,461	1,517	1,497
Inventories, net	1,209	1,145	1,214	1,239	1,246	1,144	1,280	1,396	1,405	1,367	1,408
Prepaid Expenses	160	141	133	138	215	139	154	171	177	159	166
Plant, Property, & Equipment, net	1,016	988	996	1,025	1,024	978	992	1,016	1,012	1,005	959
Total Noncurrent Assets	7,079	7,037	7,171	7,000	7,053	6,980	6,323	6,471	6,477	6,468	6,316
Goodwill	4,960	4,906	4,974	4,951	4,960	4,638	4,607	4,699	4,681	4,669	4,532
Intangible Assets	1,564	1,581	1,645	1,482	1,525	1,445	1,236	1,274	1,302	1,334	1,313
Other Noncurrent Operating Assets	555	550	551	568	568	555	480	498	495	465	471
Total Liabilities & Shareholders' Equity	12,649	12,509	11,913	11,292	11,987	11,349	10,772	10,902	10,805	10,897	10,652
Total Liabilities	5,511	5,555	6,215	5,928	6,834	6,242	5,940	6,239	6,344	6,610	6,661
Total Current Liabilities	2,139	2,197	2,387	2,134	2,984	2,414	2,188	2,424	2,508	2,773	2,889
Short-Term Debt	400	400	379	210	969	468	207	446	515	736	789
Accounts Payable	844	848	865	974	970	854	971	1,029	1,039	1,068	1,143
Accrued Expenses	88	88	93	92	89	151	89	87	95	93	105
Current Deferred Revenue	217	199	185	230	242	195	256	261	285	257	246
Current Deferred & Payable Income Tax Liabilities	64	34	62	72	190	37	34	45	63	31	52
Current Employee Benefit Liabilities	180	292	250	231	188	259	238	236	192	270	232
Other Current Liabilities	345	335	335	324	337	297	325	319	320	318	321
Total Noncurrent Liabilities	3,372	3,359	3,828	3,794	3,850	3,828	3,752	3,815	3,836	3,837	3,772
Long-Term Debt	2,573	2,529	3,008	2,961	2,973	2,992	2,945	2,977	2,961	2,943	2,843
Noncurrent Deferred Revenue	6.16	6.16	6.16	6.16	28	28	28	28	44	44	44
Noncurrent Deferred & Payable Income Tax Liabilities	334	352	354	335	349	346	342	341	359	375	389
Other Noncurrent Operating Liabilities	460	471	460	492	499	427	437	470	471	475	496
Total Equity & Noncontrolling Interests	0.00	6,954	0.00	0.00	0.00	5,107	0.00	0.00	0.00	4,286	0.00
Total Preferred & Common Equity	7,138	6,954	5,698	5,364	5,153	5,107	4,833	4,662	4,461	4,286	3,991
Total Common Equity	0.00	6,954	0.00	0.00	0.00	5,107	0.00	0.00	0.00	4,286	0.00

This table displays calculated financial ratios and metrics derived from Dover's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.80%	-2.04%	-0.80%	18.30%	-6.34%	2.06%	2.51%	12.87%	-13.13%	-10.27%
EBITDA Growth	2.93%	-3.26%	-10.87%	46.48%	-2.87%	11.51%	-12.77%	21.82%	-15.25%	-17.90%
EBIT Growth	1.00%	-4.72%	-13.34%	59.04%	-4.35%	16.56%	-16.28%	24.38%	-12.29%	-24.03%
NOPAT Growth	-6.21%	-3.71%	3.52%	35.91%	-3.51%	14.10%	-0.12%	32.30%	-24.13%	-20.72%
Net Income Growth	155.21%	-0.80%	-5.20%	64.43%	0.82%	18.88%	-29.74%	59.50%	-41.50%	12.20%
EPS Growth	158.64%	1.35%	-4.13%	64.68%	1.95%	22.93%	-27.18%	59.50%	-41.50%	18.95%
Operating Cash Flow Growth	-10.80%	63.31%	-33.08%	1.00%	16.87%	19.78%	6.73%	0.66%	-22.60%	-0.12%
Free Cash Flow Firm Growth	-5.89%	92.91%	403.75%	-83.11%	-21.78%	-17.66%	-65.51%	520.47%	-238.68%	23.72%
Invested Capital Growth	2.80%	3.11%	9.46%	15.83%	4.83%	3.06%	-1.06%	-20.87%	17.14%	5.49%
Revenue Q/Q Growth	-9.47%	-7.16%	-6.15%	2.71%	0.07%	-0.47%	4.27%	7.83%	-9.95%	-3.91%
EBITDA Q/Q Growth	-32.58%	-6.64%	-12.82%	15.58%	-0.33%	2.18%	-4.36%	9.71%	-5.55%	-3.92%
EBIT Q/Q Growth	-37.92%	-8.19%	-14.90%	19.29%	-0.76%	3.51%	-6.30%	3.03%	5.57%	-6.22%
NOPAT Q/Q Growth	-14.98%	-4.92%	-0.56%	1.75%	-1.12%	3.38%	-3.45%	15.23%	-7.96%	-4.95%
Net Income Q/Q Growth	73.18%	3.19%	-8.52%	19.16%	2.09%	4.08%	-21.36%	20.00%	3.95%	-3.06%
EPS Q/Q Growth	73.97%	3.44%	-7.94%	19.26%	7.80%	32.47%	-40.94%	20.00%	3.95%	-5.54%
Operating Cash Flow Q/Q Growth	-13.95%	15.09%	-5.99%	-56.75%	576.58%	9.83%	12.09%	20.10%	-17.42%	-11.90%
Free Cash Flow Firm Q/Q Growth	98.63%	-3.54%	1,309.13%	-89.24%	-16.67%	-24.04%	-67.76%	636.10%	86.58%	-52.68%
Invested Capital Q/Q Growth	-3.54%	3.20%	3.65%	11.52%	0.42%	-1.09%	-4.86%	-24.61%	10.12%	198.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.20%	37.32%	37.03%	37.56%	37.02%	36.73%	36.61%	37.08%	36.86%	36.92%
EBITDA Margin	20.54%	20.12%	20.37%	22.67%	18.31%	17.66%	16.16%	18.99%	17.60%	18.04%
Operating Margin	15.57%	15.87%	16.31%	16.21%	13.96%	13.66%	12.06%	11.83%	11.73%	13.24%
EBIT Margin	16.18%	16.15%	16.60%	19.00%	14.14%	13.84%	12.12%	14.84%	13.47%	13.34%
Profit (Net Income) Margin	34.82%	13.75%	13.58%	14.21%	10.23%	9.50%	8.16%	11.90%	8.42%	12.50%
Tax Burden Percent	153.51%	94.11%	89.51%	80.23%	81.70%	80.42%	78.62%	92.68%	74.33%	108.65%
Interest Burden Percent	140.20%	90.51%	91.40%	93.22%	88.53%	85.34%	85.59%	86.52%	84.12%	86.29%
Effective Tax Rate	20.32%	15.95%	16.83%	19.77%	18.92%	19.58%	18.51%	14.75%	26.66%	25.57%
Return on Invested Capital (ROIC)	12.12%	13.31%	14.67%	15.93%	12.94%	13.95%	12.34%	10.86%	7.93%	11.65%
ROIC Less NNEP Spread (ROIC-NNEP)	103.54%	14.37%	14.70%	19.52%	10.17%	10.05%	6.47%	16.38%	7.54%	20.01%
Return on Net Nonoperating Assets (RNNOA)	32.60%	9.20%	10.47%	13.74%	8.35%	9.42%	3.60%	8.98%	5.74%	12.03%
Return on Equity (ROE)	44.73%	22.50%	25.14%	29.67%	21.30%	23.37%	15.95%	19.84%	13.67%	23.68%
Cash Return on Invested Capital (CROIC)	9.36%	10.24%	5.64%	1.26%	8.23%	10.93%	13.41%	34.17%	-7.85%	6.31%
Operating Return on Assets (OROA)	10.51%	11.16%	12.23%	15.37%	10.60%	11.60%	8.91%	9.75%	8.69%	10.52%
Return on Assets (ROA)	22.61%	9.50%	10.00%	11.49%	7.67%	7.96%	6.00%	7.81%	5.44%	9.86%
Return on Common Equity (ROCE)	44.73%	22.50%	25.14%	29.67%	21.30%	23.37%	15.95%	19.84%	13.67%	23.68%
Return on Equity Simple (ROE_SIMPLE)	38.79%	20.70%	24.86%	26.82%	20.19%	22.35%	20.60%	18.52%	13.39%	23.87%
Net Operating Profit after Tax (NOPAT)	961	1,025	1,064	1,028	756	784	687	688	520	685
NOPAT Margin	12.41%	13.34%	13.57%	13.00%	11.32%	10.99%	9.83%	10.09%	8.60%	9.85%
Net Nonoperating Expense Percent (NNEP)	-91.42%	-1.06%	-0.04%	-3.59%	2.77%	3.90%	5.87%	-5.52%	0.39%	-8.36%
Return On Investment Capital (ROIC_SIMPLE)	9.73%	11.96%	13.36%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	61.80%	62.68%	62.97%	62.44%	62.98%	63.27%	63.39%	62.92%	63.14%	63.08%
SG&A Expenses to Revenue	22.62%	21.45%	20.72%	21.35%	23.06%	22.41%	24.55%	25.25%	25.13%	23.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.90%	21.45%	20.72%	21.35%	22.98%	23.07%	24.55%	25.25%	25.13%	23.68%
Earnings before Interest and Taxes (EBIT)	1,253	1,241	1,302	1,503	945	988	847	1,012	814	928
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,591	1,546	1,598	1,793	1,224	1,260	1,130	1,296	1,064	1,255
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.70	4.17	4.32	6.03	5.12	5.17	3.44	3.22	2.69	2.23
Price to Tangible Book Value (P/TBV)	55.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.32	2.77	2.36	3.19	2.59	2.20	1.36	2.07	1.69	1.17
Price to Earnings (P/E)	9.54	20.13	17.39	22.47	25.38	22.35	16.70	17.40	20.10	9.36
Dividend Yield	1.09%	1.33%	1.52%	1.13%	1.64%	1.80%	2.78%	2.01%	2.61%	3.12%
Earnings Yield	10.48%	4.97%	5.75%	4.45%	3.94%	4.47%	5.99%	5.75%	4.98%	10.69%
Enterprise Value to Invested Capital (EV/IC)	3.34	3.11	2.88	4.04	3.33	3.22	2.22	3.03	1.91	1.74
Enterprise Value to Revenue (EV/Rev)	3.46	3.17	2.78	3.54	2.98	2.57	1.76	2.48	2.23	1.51
Enterprise Value to EBITDA (EV/EBITDA)	16.86	15.74	13.66	15.61	16.29	14.56	10.88	13.07	12.69	8.39
Enterprise Value to EBIT (EV/EBIT)	21.40	19.61	16.76	18.63	21.10	18.58	14.50	16.73	16.59	11.35
Enterprise Value to NOPAT (EV/NOPAT)	27.90	23.75	20.51	27.23	26.36	23.41	17.89	24.62	25.96	15.37
Enterprise Value to Operating Cash Flow (EV/OCF)	24.66	19.96	29.23	25.09	18.05	19.41	15.58	22.90	18.38	11.10
Enterprise Value to Free Cash Flow (EV/FCFF)	36.13	30.85	53.37	344.83	41.48	29.86	16.47	7.83	0.00	28.38
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.68	0.86	0.75	0.92	1.01	1.14	0.81	0.95	0.76
Long-Term Debt to Equity	0.36	0.59	0.69	0.72	0.92	0.98	1.06	0.68	0.84	0.71
Financial Leverage	0.31	0.64	0.71	0.70	0.82	0.94	0.56	0.55	0.76	0.60
Leverage Ratio	1.98	2.37	2.51	2.58	2.78	2.94	2.66	2.54	2.51	2.40
Compound Leverage Factor	2.77	2.14	2.30	2.41	2.46	2.51	2.28	2.20	2.12	2.07
Debt to Total Capital	29.64%	40.39%	46.18%	42.72%	47.87%	50.31%	53.33%	44.87%	48.80%	43.05%
Short-Term Debt to Total Capital	4.05%	5.47%	9.24%	1.45%	0.00%	1.39%	3.71%	7.31%	5.59%	2.36%
Long-Term Debt to Total Capital	25.59%	34.92%	36.94%	41.27%	47.87%	48.92%	49.62%	37.56%	43.21%	40.69%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	70.36%	59.61%	53.82%	57.28%	52.13%	49.69%	46.67%	55.13%	51.20%	56.95%
Debt to EBITDA	1.84	2.24	2.30	1.74	2.54	2.44	2.80	2.75	3.40	2.20
Net Debt to EBITDA	0.68	1.98	2.06	1.53	2.12	2.12	2.45	2.17	3.08	1.91
Long-Term Debt to EBITDA	1.59	1.94	1.84	1.68	2.54	2.37	2.60	2.31	3.02	2.07
Debt to NOPAT	3.05	3.38	3.46	3.04	4.11	3.92	4.60	5.19	6.96	4.02
Net Debt to NOPAT	1.13	2.99	3.10	2.66	3.43	3.41	4.03	4.09	6.29	3.49
Long-Term Debt to NOPAT	2.63	2.92	2.76	2.94	4.11	3.81	4.28	4.34	6.17	3.80
Altman Z-Score	5.45	4.54	4.18	5.04	4.31	4.30	3.60	3.49	3.01	3.55
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.04	1.40	1.23	1.36	1.51	1.46	1.37	1.30	1.33	1.77
Quick Ratio	1.46	0.71	0.68	0.77	0.95	0.92	0.89	0.90	0.83	1.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	742	789	409	81	481	615	746	2,164	-515	371
Operating Cash Flow to CapEx	649.32%	664.94%	353.77%	678.77%	697.11%	517.59%	478.05%	467.11%	590.72%	679.61%
Free Cash Flow to Firm to Interest Expense	5.66	6.01	3.51	0.76	4.29	4.88	5.70	14.93	-3.79	2.82
Operating Cash Flow to Interest Expense	8.29	9.29	6.41	10.50	9.87	7.51	6.03	5.10	5.40	7.21
Operating Cash Flow Less CapEx to Interest Expense	7.02	7.89	4.60	8.95	8.45	6.06	4.77	4.01	4.49	6.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.69	0.74	0.81	0.75	0.84	0.74	0.66	0.65	0.79
Accounts Receivable Turnover	5.79	5.42	5.48	6.36	5.68	5.83	5.79	5.57	5.07	6.03
Inventory Turnover	4.18	3.84	3.86	4.87	5.13	5.81	6.22	5.55	4.56	5.27
Fixed Asset Turnover	7.88	7.75	0.00	0.00	0.00	8.66	8.77	7.87	6.71	8.23
Accounts Payable Turnover	5.62	5.01	4.61	5.12	4.74	4.78	4.79	5.01	5.15	6.93
Days Sales Outstanding (DSO)	63.03	67.40	66.64	57.35	64.29	62.63	63.04	65.52	72.05	60.53
Days Inventory Outstanding (DIO)	87.26	95.12	94.50	74.92	71.18	62.85	58.71	65.80	80.04	69.31
Days Payable Outstanding (DPO)	64.90	72.84	79.13	71.25	76.93	76.39	76.23	72.81	70.84	52.66
Cash Conversion Cycle (CCC)	85.39	89.68	82.01	61.02	58.54	49.08	45.52	58.51	81.24	77.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,039	7,820	7,584	6,928	5,982	5,706	5,536	5,596	7,072	6,037
Invested Capital Turnover	0.98	1.00	1.08	1.23	1.14	1.27	1.26	1.08	0.92	1.18
Increase / (Decrease) in Invested Capital	219	236	655	947	276	169	-59	-1,476	1,035	314
Enterprise Value (EV)	26,822	24,337	21,825	27,994	19,939	18,349	12,292	16,936	13,500	10,531
Market Capitalization	25,737	21,276	18,527	25,255	17,343	15,676	9,525	14,122	10,228	8,138
Book Value per Share	$50.69	$36.50	$30.54	$29.10	$23.50	$20.88	$18.92	$28.14	$24.46	$23.52
Tangible Book Value per Share	$3.41	($6.98)	($12.23)	($12.01)	($12.29)	($12.43)	($13.96)	($3.76)	($16.52)	($9.72)
Total Capital	9,883	8,567	7,965	7,314	6,495	6,103	5,933	7,951	7,421	6,399
Total Debt	2,929	3,460	3,678	3,124	3,109	3,070	3,164	3,568	3,621	2,755
Total Long-Term Debt	2,529	2,992	2,943	3,019	3,109	2,986	2,944	2,987	3,207	2,604
Net Debt	1,085	3,061	3,297	2,739	2,596	2,673	2,768	2,814	3,272	2,393
Capital Expenditures (CapEx)	168	183	211	164	158	183	165	158	124	140
Debt-free, Cash-free Net Working Capital (DFCFNWC)	843	1,046	1,005	532	367	488	500	475	714	841
Debt-free Net Working Capital (DFNWC)	2,688	1,445	1,386	917	880	885	897	1,229	1,063	1,203
Net Working Capital (NWC)	2,288	976	650	811	880	800	676	648	649	1,052
Net Nonoperating Expense (NNE)	-1,736	-32	-1.08	-96	73	106	117	-124	11	-185
Net Nonoperating Obligations (NNO)	1,085	2,713	3,297	2,739	2,596	2,673	2,768	1,213	3,272	2,393
Total Depreciation and Amortization (D&A)	338	305	296	290	279	272	283	283	250	327
Debt-free, Cash-free Net Working Capital to Revenue	10.89%	13.61%	12.81%	6.72%	5.50%	6.84%	7.16%	6.97%	11.82%	12.09%
Debt-free Net Working Capital to Revenue	34.70%	18.80%	17.67%	11.60%	13.17%	12.40%	12.82%	18.02%	17.60%	17.29%
Net Working Capital to Revenue	29.54%	12.71%	8.29%	10.26%	13.17%	11.21%	9.67%	9.50%	10.74%	15.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$19.58	$7.56	$7.47	$7.81	$4.74	$4.67	$3.80	$0.00	$2.63	$4.43
Adjusted Weighted Average Basic Shares Outstanding	137.74M	139.85M	142.68M	143.92M	144.05M	145.20M	149.87M	0.00	193.48M	196.45M
Adjusted Diluted Earnings per Share	$19.45	$7.52	$7.42	$7.74	$4.70	$4.61	$3.75	$0.00	$2.61	$4.38
Adjusted Weighted Average Diluted Shares Outstanding	138.70M	140.60M	143.60M	145.27M	145.39M	146.99M	152.13M	0.00	195.23M	198.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	137.23M	139.90M	139.71M	144.05M	143.65M	288.66M	144.94M	0.00	193.81M	193.20M
Normalized Net Operating Profit after Tax (NOPAT)	485	1,025	1,064	1,028	752	822	687	688	520	685
Normalized NOPAT Margin	6.26%	13.34%	13.57%	13.00%	11.25%	11.51%	9.83%	10.09%	8.60%	9.85%
Pre Tax Income Margin	22.68%	14.61%	15.17%	17.72%	12.52%	11.81%	10.37%	12.84%	11.33%	11.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.55	9.45	11.18	14.13	8.44	7.85	6.47	6.98	5.99	7.05
NOPAT to Interest Expense	7.33	7.81	9.14	9.67	6.76	6.23	5.25	4.75	3.82	5.20
EBIT Less CapEx to Interest Expense	8.28	8.05	9.37	12.59	7.03	6.40	5.21	5.89	5.07	5.99
NOPAT Less CapEx to Interest Expense	6.05	6.41	7.33	8.12	5.34	4.78	3.99	3.65	2.91	4.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.50%	26.90%	26.99%	25.53%	41.60%	41.63%	49.73%	34.98%	52.61%	29.66%
Augmented Payout Ratio	29.04%	26.90%	81.90%	27.45%	57.15%	62.76%	206.67%	47.92%	52.61%	98.66%

This table displays calculated financial ratios and metrics derived from Dover's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.94%	-3.67%	1.28%	3.72%	0.72%	4.86%	-9.26%	-2.72%	1.32%	-25.84%	6.94%
EBITDA Growth	12.99%	-189.29%	18.78%	13.97%	130.93%	-0.22%	-8.83%	-6.12%	4.16%	-42.15%	7.69%
EBIT Growth	14.89%	-253.08%	19.74%	15.22%	160.82%	-5.19%	-9.11%	-8.36%	5.62%	-46.93%	8.25%
NOPAT Growth	19.12%	-29.64%	-2.47%	12.46%	-7.33%	11.85%	-7.68%	-14.99%	2.29%	-5.47%	8.96%
Net Income Growth	-63.49%	384.70%	19.79%	16.34%	176.59%	12.40%	1.30%	-16.36%	1.07%	-27.35%	8.44%
EPS Growth	-63.05%	391.94%	21.84%	18.60%	177.30%	13.44%	3.00%	-14.00%	4.49%	-25.60%	10.50%
Operating Cash Flow Growth	7.52%	-11.96%	-2.05%	4.31%	-30.96%	78.27%	7.49%	9.22%	918.81%	-14.55%	-24.68%
Free Cash Flow Firm Growth	133.39%	-11,101.26%	-2,948.85%	66.32%	3.30%	99.89%	102.12%	51.82%	67.85%	38.58%	-4,283.77%
Invested Capital Growth	1.71%	2.80%	9.99%	5.22%	6.54%	3.11%	3.55%	8.28%	7.41%	9.46%	17.77%
Revenue Q/Q Growth	25.23%	-24.87%	-8.94%	4.03%	-0.56%	-21.01%	-6.75%	1.01%	-2.81%	-31.65%	-0.02%
EBITDA Q/Q Growth	234.87%	-157.95%	6.17%	-48.95%	110.08%	-22.92%	1.87%	3.45%	-8.22%	-29.57%	4.90%
EBIT Q/Q Growth	180.26%	-190.09%	8.83%	-54.05%	133.82%	-29.53%	4.72%	4.01%	-10.33%	-32.44%	5.58%
NOPAT Q/Q Growth	44.85%	-38.68%	-8.30%	26.59%	-27.03%	-15.01%	5.75%	4.31%	-12.62%	-29.85%	-2.62%
Net Income Q/Q Growth	-83.93%	313.71%	23.16%	-55.42%	113.40%	2.25%	19.61%	5.98%	-13.28%	-7.85%	-1.24%
EPS Q/Q Growth	-83.91%	313.55%	23.04%	-54.87%	114.22%	2.43%	19.77%	5.52%	-12.37%	-7.00%	0.00%
Operating Cash Flow Q/Q Growth	-64.13%	57.54%	36.81%	22.25%	-67.74%	75.28%	45.68%	-19.08%	-28.75%	5.69%	48.02%
Free Cash Flow Firm Q/Q Growth	288.42%	89.08%	-332.39%	58.09%	-95.64%	-102.78%	105.11%	-20.33%	24.52%	44.67%	-15.92%
Invested Capital Q/Q Growth	3.32%	-3.54%	1.55%	0.50%	1.56%	3.20%	-2.85%	1.76%	1.06%	3.65%	1.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.95%	41.38%	38.48%	37.72%	36.16%	40.23%	37.75%	36.13%	35.93%	41.19%	35.80%
EBITDA Margin	20.78%	-19.29%	25.01%	21.45%	43.71%	20.81%	21.33%	19.52%	19.06%	21.87%	21.22%
Operating Margin	15.88%	14.04%	16.82%	16.96%	14.05%	15.75%	17.18%	15.45%	15.13%	17.15%	17.16%
EBIT Margin	16.09%	-25.11%	20.94%	17.52%	39.66%	15.80%	17.71%	15.77%	15.32%	17.47%	17.68%
Profit (Net Income) Margin	12.37%	96.36%	17.50%	12.94%	30.19%	19.15%	14.80%	11.53%	10.99%	17.87%	13.25%
Tax Burden Percent	78.14%	657.16%	89.85%	79.77%	79.14%	135.62%	91.05%	80.74%	79.84%	116.57%	81.02%
Interest Burden Percent	98.37%	-58.41%	93.03%	92.59%	96.19%	89.38%	91.76%	90.59%	89.91%	87.72%	92.52%
Effective Tax Rate	19.01%	20.82%	19.01%	20.23%	20.86%	3.38%	17.68%	19.26%	20.16%	16.80%	18.98%
Return on Invested Capital (ROIC)	12.07%	10.86%	14.65%	14.42%	11.87%	15.19%	15.72%	14.10%	13.94%	15.43%	17.18%
ROIC Less NNEP Spread (ROIC-NNEP)	11.96%	77.76%	15.62%	14.26%	16.92%	17.21%	15.89%	13.83%	13.63%	17.18%	16.89%
Return on Net Nonoperating Assets (RNNOA)	0.00%	24.49%	0.00%	0.00%	0.00%	11.01%	0.00%	0.00%	0.00%	12.24%	41.82%
Return on Equity (ROE)	0.00%	35.35%	0.00%	0.00%	0.00%	26.20%	0.00%	0.00%	0.00%	27.66%	59.00%
Cash Return on Invested Capital (CROIC)	10.46%	9.36%	4.70%	9.11%	7.60%	10.24%	10.98%	6.73%	8.36%	5.64%	-0.50%
Operating Return on Assets (OROA)	10.10%	-16.30%	15.79%	13.47%	29.42%	10.92%	13.68%	12.31%	12.27%	12.87%	14.38%
Return on Assets (ROA)	7.76%	62.57%	13.20%	9.95%	22.40%	13.23%	11.43%	9.01%	8.81%	13.16%	10.78%
Return on Common Equity (ROCE)	0.00%	35.35%	0.00%	0.00%	0.00%	26.20%	0.00%	0.00%	0.00%	27.66%	0.00%
Return on Equity Simple (ROE_SIMPLE)	32.16%	0.00%	27.33%	27.97%	28.34%	0.00%	21.19%	21.89%	23.94%	0.00%	29.18%
Net Operating Profit after Tax (NOPAT)	240	166	270	295	233	235	277	262	251	211	300
NOPAT Margin	12.86%	11.12%	13.62%	13.53%	11.12%	15.22%	14.15%	12.48%	12.08%	14.27%	13.90%
Net Nonoperating Expense Percent (NNEP)	0.11%	-66.90%	-0.97%	0.16%	-5.05%	-2.02%	-0.17%	0.26%	0.31%	-1.76%	0.29%
Return On Investment Capital (ROIC_SIMPLE)	8.07%	1.68%	-	-	-	2.75%	-	-	-	2.64%	-
Cost of Revenue to Revenue	60.05%	58.62%	61.52%	62.28%	63.84%	59.77%	62.25%	63.87%	64.07%	58.81%	64.20%
SG&A Expenses to Revenue	24.07%	27.34%	21.66%	20.76%	22.12%	24.47%	20.57%	20.68%	20.80%	24.04%	18.64%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.94%	-12.78%	21.66%	20.76%	22.12%	24.47%	20.57%	20.68%	20.80%	24.04%	18.64%
Earnings before Interest and Taxes (EBIT)	300	-374	415	382	830	244	347	331	318	258	382
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	388	-287	496	467	915	322	418	410	396	323	458
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.70	0.00	0.00	0.00	4.17	0.00	0.00	0.00	4.32	0.00
Price to Tangible Book Value (P/TBV)	0.00	55.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.12	3.32	3.08	2.91	2.92	2.77	2.33	2.40	2.45	2.36	1.96
Price to Earnings (P/E)	10.50	9.54	16.92	16.53	16.92	20.13	18.82	19.97	19.55	17.39	14.03
Dividend Yield	1.17%	1.09%	1.07%	1.13%	1.15%	1.33%	1.47%	1.39%	1.35%	1.52%	1.76%
Earnings Yield	9.52%	10.48%	5.91%	6.05%	5.91%	4.97%	5.31%	5.01%	5.12%	5.75%	7.13%
Enterprise Value to Invested Capital (EV/IC)	3.04	3.34	3.52	3.37	3.40	3.11	2.92	3.02	3.14	2.88	2.69
Enterprise Value to Revenue (EV/Rev)	3.27	3.46	3.43	3.24	3.28	3.17	2.68	2.77	2.82	2.78	2.35
Enterprise Value to EBITDA (EV/EBITDA)	15.45	16.86	12.44	12.12	12.47	15.74	13.37	13.87	13.98	13.66	10.73
Enterprise Value to EBIT (EV/EBIT)	19.56	21.40	14.54	14.17	14.60	19.61	16.38	16.97	17.00	16.76	12.85
Enterprise Value to NOPAT (EV/NOPAT)	25.23	27.90	25.97	24.33	25.15	23.75	20.54	21.36	20.99	20.51	18.38
Enterprise Value to Operating Cash Flow (EV/OCF)	23.00	24.66	23.22	21.76	21.98	19.96	20.90	22.62	23.53	29.23	24.76
Enterprise Value to Free Cash Flow (EV/FCFF)	29.33	36.13	78.54	37.91	46.11	30.85	27.07	46.60	38.94	53.37	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.42	0.00	0.00	0.00	0.68	0.00	0.00	0.00	0.86	0.00
Long-Term Debt to Equity	0.00	0.36	0.00	0.00	0.00	0.59	0.00	0.00	0.00	0.69	0.00
Financial Leverage	0.00	0.31	0.00	0.00	0.00	0.64	0.00	0.00	0.00	0.71	2.48
Leverage Ratio	0.00	1.98	0.00	0.00	0.00	2.37	0.00	0.00	0.00	2.51	5.28
Compound Leverage Factor	0.00	-1.16	0.00	0.00	0.00	2.12	0.00	0.00	0.00	2.20	4.89
Debt to Total Capital	100.00%	29.64%	100.00%	100.00%	100.00%	40.39%	100.00%	100.00%	100.00%	46.18%	100.00%
Short-Term Debt to Total Capital	13.46%	4.05%	11.20%	6.64%	24.58%	5.47%	6.57%	13.04%	14.80%	9.24%	21.72%
Long-Term Debt to Total Capital	86.54%	25.59%	88.80%	93.36%	75.42%	34.92%	93.43%	86.96%	85.20%	36.94%	78.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	70.36%	0.00%	0.00%	0.00%	59.61%	0.00%	0.00%	0.00%	53.82%	0.00%
Debt to EBITDA	1.82	1.84	1.44	1.39	1.77	2.24	1.90	2.02	2.02	2.30	1.98
Net Debt to EBITDA	0.71	0.68	1.27	1.25	1.35	1.98	1.73	1.85	1.86	2.06	1.81
Long-Term Debt to EBITDA	1.57	1.59	1.27	1.30	1.34	1.94	1.78	1.75	1.72	1.84	1.55
Debt to NOPAT	2.97	3.05	3.00	2.79	3.58	3.38	2.92	3.11	3.03	3.46	3.39
Net Debt to NOPAT	1.17	1.13	2.65	2.50	2.73	2.99	2.66	2.85	2.79	3.10	3.11
Long-Term Debt to NOPAT	2.57	2.63	2.66	2.61	2.70	2.92	2.73	2.70	2.58	2.76	2.66
Altman Z-Score	3.54	5.02	3.51	3.50	3.20	4.25	2.96	2.95	2.95	3.86	2.43
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	100.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.13	2.04	1.57	1.53	1.31	1.40	1.58	1.41	1.32	1.23	1.17
Quick Ratio	1.49	1.46	0.76	0.89	0.82	0.71	0.84	0.76	0.69	0.68	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	100	-53	-487	-113	-269	-0.47	17	-334	-278	-445	-804
Operating Cash Flow to CapEx	326.76%	814.28%	985.28%	498.29%	374.58%	870.47%	754.95%	487.17%	498.78%	620.90%	406.21%
Free Cash Flow to Firm to Interest Expense	3.63	-1.88	-14.26	-3.48	-7.38	-0.02	0.53	-9.88	-8.12	-13.43	-26.99
Operating Cash Flow to Interest Expense	5.70	15.51	8.16	6.29	4.58	16.14	8.78	5.78	7.05	8.44	8.88
Operating Cash Flow Less CapEx to Interest Expense	3.96	13.60	7.34	5.03	3.36	14.28	7.62	4.59	5.64	7.08	6.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.65	0.75	0.77	0.74	0.69	0.77	0.78	0.80	0.74	0.81
Accounts Receivable Turnover	5.33	5.79	5.75	5.47	5.67	5.42	5.44	5.51	5.87	5.48	5.87
Inventory Turnover	3.85	4.18	4.31	4.08	4.04	3.84	3.92	3.91	4.01	3.86	4.33
Fixed Asset Turnover	7.58	7.88	8.61	8.36	8.30	7.75	8.48	8.56	8.66	0.00	8.96
Accounts Payable Turnover	5.21	5.62	5.86	5.36	5.33	5.01	4.98	4.87	5.03	4.61	4.87
Days Sales Outstanding (DSO)	68.45	63.03	63.51	66.77	64.35	67.40	67.16	66.22	62.17	66.64	62.19
Days Inventory Outstanding (DIO)	94.89	87.26	84.68	89.49	90.30	95.12	93.16	93.33	91.04	94.50	84.21
Days Payable Outstanding (DPO)	70.11	64.90	62.33	68.03	68.42	72.84	73.27	74.91	72.62	79.13	74.89
Cash Conversion Cycle (CCC)	93.23	85.39	85.86	88.22	86.22	89.68	87.04	84.64	80.60	82.01	71.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,305	8,039	8,334	8,206	8,165	7,820	7,577	7,799	7,664	7,584	7,317
Invested Capital Turnover	0.94	0.98	1.08	1.07	1.07	1.00	1.11	1.13	1.15	1.08	1.24
Increase / (Decrease) in Invested Capital	140	219	757	407	501	236	260	596	529	655	1,104
Enterprise Value (EV)	25,275	26,822	29,356	27,642	27,730	24,337	22,141	23,518	24,079	21,825	19,667
Market Capitalization	24,108	25,737	26,356	24,799	24,718	21,276	19,274	20,381	20,875	18,527	16,342
Book Value per Share	$0.00	$50.69	$0.00	$0.00	$0.00	$36.50	$0.00	$0.00	$0.00	$30.54	$0.00
Tangible Book Value per Share	($47.54)	$3.41	($48.16)	($46.81)	($46.64)	($6.98)	($41.77)	($42.71)	($42.82)	($12.23)	($40.72)
Total Capital	2,973	9,883	3,387	3,171	3,942	8,567	3,152	3,423	3,476	7,965	3,632
Total Debt	2,973	2,929	3,387	3,171	3,942	3,460	3,152	3,423	3,476	3,678	3,632
Total Long-Term Debt	2,573	2,529	3,008	2,961	2,973	2,992	2,945	2,977	2,961	2,943	2,843
Net Debt	1,167	1,085	3,000	2,843	3,013	3,061	2,868	3,137	3,204	3,297	3,326
Capital Expenditures (CapEx)	48	54	28	41	44	57	38	40	48	45	65
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,010	843	1,351	1,014	965	1,046	1,192	1,151	1,049	1,005	971
Debt-free Net Working Capital (DFNWC)	2,815	2,688	1,738	1,342	1,894	1,445	1,476	1,437	1,322	1,386	1,277
Net Working Capital (NWC)	2,415	2,288	1,359	1,132	926	976	1,269	991	807	650	488
Net Nonoperating Expense (NNE)	9.17	-1,270	-77	13	-399	-61	-13	20	23	-53	14
Net Nonoperating Obligations (NNO)	8,305	1,085	8,334	8,206	8,165	2,713	7,577	7,799	7,664	3,297	7,317
Total Depreciation and Amortization (D&A)	87	87	81	86	85	78	71	79	78	65	77
Debt-free, Cash-free Net Working Capital to Revenue	13.06%	10.89%	15.79%	11.88%	11.41%	13.61%	14.40%	13.58%	12.30%	12.81%	11.62%
Debt-free Net Working Capital to Revenue	36.42%	34.70%	20.31%	15.73%	22.41%	18.80%	17.83%	16.95%	15.49%	17.67%	15.28%
Net Working Capital to Revenue	31.25%	29.54%	15.88%	13.27%	10.95%	12.71%	15.33%	11.69%	9.46%	8.29%	5.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.68	$10.45	$2.53	$2.05	$4.55	$2.12	$2.07	$1.73	$1.64	$1.88	$2.01
Adjusted Weighted Average Basic Shares Outstanding	137.27M	137.74M	137.25M	137.44M	139.05M	139.85M	139.88M	139.86M	139.76M	142.68M	142.51M
Adjusted Diluted Earnings per Share	$1.67	$10.38	$2.51	$2.04	$4.52	$2.11	$2.06	$1.72	$1.63	$1.86	$2.00
Adjusted Weighted Average Diluted Shares Outstanding	138.26M	138.70M	138.22M	138.40M	139.87M	140.60M	140.62M	140.58M	140.62M	143.60M	143.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	137.10M	137.23M	137.19M	137.46M	137.43M	139.90M	139.89M	139.87M	139.85M	139.71M	140.35M
Normalized Net Operating Profit after Tax (NOPAT)	238	166	270	295	233	235	277	262	251	211	300
Normalized NOPAT Margin	12.75%	11.12%	13.62%	13.53%	11.12%	15.22%	14.15%	12.48%	12.08%	14.27%	13.90%
Pre Tax Income Margin	15.83%	14.66%	19.48%	16.22%	38.15%	14.12%	16.25%	14.29%	13.77%	15.33%	16.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.88	-13.22	12.17	11.79	22.84	7.91	10.71	9.80	9.31	7.78	12.81
NOPAT to Interest Expense	8.69	5.85	7.92	9.10	6.40	7.62	8.55	7.75	7.34	6.35	10.07
EBIT Less CapEx to Interest Expense	9.13	-15.12	11.34	10.52	21.61	6.06	9.54	8.61	7.89	6.42	10.62
NOPAT Less CapEx to Interest Expense	6.95	3.95	7.09	7.84	5.18	5.77	7.39	6.56	5.93	5.00	7.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.33%	10.50%	18.22%	18.96%	19.51%	26.90%	27.71%	27.93%	26.80%	26.99%	24.79%
Augmented Payout Ratio	14.10%	29.04%	50.33%	52.30%	53.75%	26.90%	27.71%	76.93%	26.80%	81.90%	75.02%

Frequently Asked Questions About Dover's Financials

When does Dover's financial year end?

According to the most recent income statement we have on file, Dover's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Dover's net income changed over the last 9 years?

Dover's net income appears to be on an upward trend, with a most recent value of $2.70 billion in 2024, rising from $869.83 million in 2015. The previous period was $1.06 billion in 2023. Check out Dover's forecast to explore projected trends and price targets.

What is Dover's operating income?

Dover's total operating income in 2024 was $1.21 billion, based on the following breakdown:

Total Gross Profit: $2.96 billion
Total Operating Expenses: $1.15 billion

How has Dover revenue changed over the last 9 years?

Over the last 9 years, Dover's total revenue changed from $6.96 billion in 2015 to $7.75 billion in 2024, a change of 11.4%.

How much debt does Dover have?

Dover's total liabilities were at $5.56 billion at the end of 2024, a 11.0% decrease from 2023, and a 12.0% increase since 2015.

How much cash does Dover have?

In the past 9 years, Dover's cash and equivalents has ranged from $349.15 million in 2016 to $1.84 billion in 2024, and is currently $1.84 billion as of their latest financial filing in 2024.

How has Dover's book value per share changed over the last 9 years?

Over the last 9 years, Dover's book value per share changed from 23.52 in 2015 to 50.69 in 2024, a change of 115.5%.

Related Companies

This page (NYSE:DOV) was last updated on 5/29/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Dover (DOV) Financials

Frequently Asked Questions About Dover's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Dover (DOV) Financials

Annual Income Statements for Dover

Quarterly Income Statements for Dover

Annual Cash Flow Statements for Dover

Quarterly Cash Flow Statements for Dover

Annual Balance Sheets for Dover

Quarterly Balance Sheets for Dover

Annual Metrics And Ratios for Dover

Quarterly Metrics And Ratios for Dover

Frequently Asked Questions About Dover's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools