Dover revenue and financials
$191.30Change from previous close: +0.85%Absolute change: +$1.61
In the fiscal year ended December 2025, Dover reported revenue of $8.09B (+4.48% year over year). Net income was $1.09B, a net margin of 13.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +4.48%
- 2025 vs 2024
- Net income growth
- −59.44%
- 2025 vs 2024
- Net margin
- 13.5%
- 2024: 34.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 8,093 | 7,746 | 7,684 | 7,844 | 7,907 | 6,684 | 7,136 | 6,992 | 6,821 | 6,043 |
| Cost of revenue | 4,874 | 4,787 | 4,817 | 4,939 | 4,937 | 4,210 | 4,515 | 4,433 | 4,292 | 3,816 |
| Gross profit | 3,218 | 2,959 | 2,868 | 2,905 | 2,970 | 2,474 | 2,621 | 2,560 | 2,529 | 2,228 |
| Selling, general and administrative | 1,640 | 1,556 | 1,477 | 1,443 | 1,514 | — | — | — | — | — |
| Research and development | 165 | 150 | 139 | 151 | 158 | 142 | 141 | 143 | 131 | 116 |
| Operating income | 1,373 | 1,206 | 1,219 | 1,280 | 1,282 | 933 | 975 | 843 | 807 | 709 |
| EBIT | 1,445 | 1,291 | 1,271 | 1,317 | 1,311 | — | — | — | — | — |
| EBITDA | 1,824 | 1,629 | 1,576 | 1,613 | 1,601 | — | — | — | — | — |
| Interest expense | 110 | 131 | 131 | 116 | 106 | 112 | 126 | 131 | 145 | 136 |
| Pre-tax income | 1,374 | 1,757 | 1,123 | 1,190 | 1,401 | — | — | — | — | — |
| Income tax | 277 | 357 | 179 | 200 | 277 | 158 | 165 | 134 | 129 | 183 |
| Net income | 1,094 | 2,697 | 1,057 | 1,065 | 1,124 | 683 | 678 | 570 | 812 | 509 |
| Net income to common shareholders | 1,094 | 2,697 | 1,057 | 1,065 | 1,124 | — | — | — | — | — |
| Basic EPS | 7.99 | 19.58 | 7.56 | 7.47 | 7.81 | 4.74 | 4.67 | 3.80 | 5.21 | 3.28 |
| Diluted EPS | 7.94 | 19.45 | 7.52 | 7.42 | 7.74 | 4.70 | 4.61 | 3.75 | 5.15 | 3.25 |
| Average shares (basic) | 137 | 138 | 140 | 143 | 144 | — | — | — | — | — |
| Average shares (diluted) | 138 | 139 | 141 | 144 | 145 | 145 | 147 | 152 | 158 | 157 |
| Dividend per share | 2.07 | 2.05 | 2.03 | 2.01 | 1.99 | — | — | — | — | — |