DOV · NYSE · Industrials
Dover Corporation (DOV) — Rank #290 by gross profitability (GP/assets 0.24) · ROE 14.3% · Piotroski F-Score 6 / 9.
As-of 2026-10-30 · CIK 0000029905 · all metrics point-in-time as of the filing date.
About
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide.
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The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment offers software solutions and services used in light and heavy-duty vehicle lifts, wheel service equipment, vehicle diagnostics, and vehicle collision repair solutions; winches, hoists, bearings, drives, and electric monitoring system; and radio frequency and microwave filters and switches, and signal intelligence solutions, as well as soldering and fluid dispensing solutions. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe storage and transport of fuel, cryogenic gases, and hazardous fluids, as well as operation of retail fueling and vehicle wash establishment. The company's Imaging & Identification segment provides precision marking and coding, product traceability equipment, brand protection, and digital textile printing equipment and solution, as well as consumable, software, and service to packaged and consumer goods, pharmaceutical, industrial manufacturing, textile, and other end-market. Its Pumps & Process Solutions segment manufactures specialty pump, connector, flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The company's Climate & Sustainability Technologies segment manufactures refrigeration system, refrigeration display case, commercial glass refrigerator and freezer door, and brazed plate heat exchanger for industrial heating and cooling, and residential climate control applications.
Dover Corporation was incorporated in 1947 and is headquartered in Downers Grove, Illinois.
- Industry
- Specialty Industrial Machinery
- Sector
- Industrials
- State
- NY
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- dovercorporation.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
24,000
Industry
Specialty Industrial Machinery
Exchange
NYSE
11/12
Flags passed
DOV passes 11/12 quality flags
1 caution to review
- CAUTIONDisclosure regression
A previously-disclosed line item is no longer reported — worth checking the filing for why
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSRevenue not declining
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Revenue growth accelerating · Operating leverage expanding · RPO outpacing revenue · Sequential beat (rev + EPS)
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passFCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Does it make money well?
No warning flags · GP/assets 36th percentile of 26 SIC 35 peers
Gross profitability (GP / assets)
0.24
Primary signal (Novy-Marx).
36th pctl of 26 SIC 35 peers
Return on equity
14.3%
Gross margin
39.8%
36th pctl of 26 SIC 35 peers
Revenue growth (YoY)
4.5%
RPO growth (YoY)
68.8%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
1.0%
Revenue CAGR (5Y)
3.9%
Earnings CAGR (3Y)
0.9%
FCF CAGR (3Y)
24.1%
Cash Flow Health
Is the cash real?
No warning flags · FCF 2% above net income
Free cash flow
$1.12B
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
2.2%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.5%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net debt $2.25B, F-Score 6/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.79
56th pctl of 26 SIC 35 peers (best = lowest)
Current ratio
1.95×
48th pctl of 26 SIC 35 peers
Quick ratio
1.28×
Net cash
-$2.25B
Cash & equivalents minus total debt.
Piotroski F-Score
6 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Dividend safety
Composite score
3.0 / 5
Capital allocation quality
Composite score
1.3 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports