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DOVER Corp DOV

NYSE · stock · Construction, Mining & Materials Handling Machinery & Equip · website · IPO 1956-12-03 · LEI

DOVER Corp statistics & valuation

Market cap$30.4B
P / E27.8×
P / S3.8×
P / B4.1×
P / FCF27.2×
Dividend yield0.93%
Net margin13.5%
Return on equity14.8%
FCF margin13.8%
Net debt$3.3B
Net debt / EBITDA1.9×
Enterprise value USD$33.8B
EV / EBITDA19.3×
Earnings yield EBIT/EV4.1%
Return on capital12.6%
Graham number -52.9%$97.99

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($97.99); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.50% 10.40% 8.20% 9.50% 10.20% 14.20% 13.60% 13.80% 34.80% 13.50% 2016201720182019202020212022202320242025
Gross margin (%)
32.80% 32.30% 36.60% 36.70% 37.00% 37.60% 37.00% 37.30% 38.20% 39.80% 2016201720182019202020212022202320242025
Operating margin (%)
10.40% 10.30% 12.10% 13.70% 14.00% 16.20% 16.30% 15.90% 15.60% 17.00% 2016201720182019202020212022202320242025
Return on equity (%)
13.40% 18.50% 20.60% 22.40% 20.20% 26.80% 24.90% 20.70% 38.80% 14.80% 2016201720182019202020212022202320242025
Shares outstanding
156.6M 157.7M 152.1M 147.0M 145.4M 145.3M 143.6M 140.6M 138.7M 137.8M 2016201720182019202020212022202320242025
Net debt ($)
$2.86B $2.58B $2.55B $2.59B $2.60B $3.02B $2.94B $2.99B $2.93B $3.33B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.00% 7.60% 6.80% 7.80% 7.50% 10.80% 9.80% 9.30% 21.60% 8.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
8.80% 7.30% 8.80% 10.60% 14.10% 11.90% 7.60% 15.00% 11.90% 13.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.84× 0.76× 1.06× 0.98× 0.92× 0.72× 0.69× 0.59× 0.42× 0.45× 2016201720182019202020212022202320242025
EPS ($)
$3.25 $5.15 $3.75 $4.61 $4.70 $7.74 $7.42 $7.52 $19.45 $7.94 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DOVER Corp trades at about 26.2× earnings — above its 10-year norm (10-year range 10.5×–25.4×, median 22×).

10.5× 26.2×

Shaded band = 10-year range (10.5×–25.4×); dot = today's 26.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin39.8%38.2%37.3%37.0%37.6%37.0%36.7%36.6%32.3%32.8%
Operating margin17.0%15.6%15.9%16.3%16.2%14.0%13.7%12.1%10.3%10.4%
Net margin13.5%34.8%13.8%13.6%14.2%10.2%9.5%8.2%10.4%7.5%
FCF margin13.8%11.9%15.0%7.6%11.9%14.1%10.6%8.8%7.3%8.8%
Return on assets8.2%21.6%9.3%9.8%10.8%7.5%7.8%6.8%7.6%5.0%
Return on equity14.8%38.8%20.7%24.9%26.8%20.2%22.4%20.6%18.5%13.4%
Debt / equity0.45×0.42×0.59×0.69×0.72×0.92×0.98×1.06×0.76×0.84×
Current ratio1.792.041.401.231.361.511.461.371.301.33

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.