DOVER Corp
Business
Dover Corporation is a diversified global manufacturer of equipment, components, consumables, aftermarket parts, software and digital solutions across five operating segments. The company serves vehicle aftermarket, aerospace & defense, industrial, clean energy & fueling, imaging & identification, pumps & process solutions, and climate & sustainability markets through manufacturing and service operations. Its business model emphasizes component-based sales and equipment with significant installed-base aftermarket revenue, with a substantial portion of total revenue from recurring consumables, parts, services and software. Dover operates globally with manufacturing primarily in North America, Europe and Asia, serving customers through direct sales and distributor networks.
Summary from 10-K filed 2026-02-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 8,093 | 7,746 | 7,684 | 7,844 | 7,907 | |
| Cost of goods and services | 4,874 | 4,787 | 4,817 | 4,939 | 4,937 | |
| Gross profit | 3,218 | 2,959 | 2,868 | 2,905 | 2,970 | |
| Selling, general and administrative expenses | 1,845 | 1,752 | 1,648 | 1,625 | 1,688 | |
| Operating earnings | 1,373 | 1,206 | 1,219 | 1,280 | 1,282 | |
| Interest expense | 110 | 131 | 131 | 116 | — | |
| Interest income | −73 | −37 | −13 | −4 | −4 | |
| Gain on dispositions | −5 | −598 | 0 | 0 | −206 | |
| Other income, net | −33 | −47 | −21 | −23 | −15 | |
| Earnings before provision for income taxes | 1,374 | 1,757 | 1,123 | 1,190 | 1,401 | |
| Provision for income taxes | 277 | 357 | 179 | 200 | 277 | |
| Earnings from continuing operations | 1,097 | 1,400 | 944 | 990 | — | |
| (Loss) earnings from discontinued operations, net | −3 | 1,297 | 113 | 75 | — | |
| Net earnings | 1,094 | 2,697 | 1,057 | 1,065 | 1,124 | |
| Earnings from continuing operations (in dollars per share) | 8.01 | 10.16 | 6.75 | 6.94 | — | |
| Earnings from continuing operations (in dollars per share) | 7.97 | 10.09 | 6.71 | 6.89 | — | |
| Earnings from discontinued operations, net (in dollars per share) | −0.03 | 9.42 | 0.81 | 0.53 | — | |
| Earnings from discontinued operations, net (in dollars per share) | −0.03 | 9.35 | 0.8 | 0.53 | — | |
| Basic (in dollars per share) | 7.99 | 19.58 | 7.56 | 7.47 | 7.81 | |
| Diluted (in dollars per share) | 7.94 | 19.45 | 7.52 | 7.42 | 7.74 | |
| Basic (in shares) | 137 | 138 | 140 | 143 | 144 | |
| Diluted (in shares) | 138 | 139 | 141 | 144 | 145 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,677 | 1,845 | 399 | 381 | 386 | |
| Receivables, net | 1,371 | 1,354 | 1,321 | 1,517 | 1,348 | |
| Inventories, net | 1,273 | 1,145 | 1,144 | 1,367 | 1,191 | |
| Prepaid and other current assets | 186 | 141 | 139 | 159 | 138 | |
| Total current assets | 4,507 | 4,484 | 3,390 | 3,423 | 3,062 | |
| Property, plant and equipment, net | 1,120 | 988 | 978 | 1,005 | 957 | |
| Goodwill | 5,430 | 4,906 | 4,638 | 4,425 | 4,559 | |
| Intangible assets, net | 1,760 | 1,581 | 1,445 | 1,334 | 1,360 | |
| Other assets and deferred charges | 606 | 550 | 555 | 465 | 466 | |
| Total assets | 13,422 | 12,509 | 11,349 | 10,897 | 10,404 | |
| Short-term borrowings and current portion of long-term debt | 707 | 400 | 468 | 736 | — | |
| Accounts payable | 876 | 848 | 854 | 1,068 | 1,074 | |
| Accrued compensation and employee benefits | 281 | 292 | 259 | 270 | 303 | |
| Deferred revenue | 155 | 199 | 195 | 257 | 228 | |
| Accrued insurance | 88 | 88 | 86 | 93 | 101 | |
| Other accrued expenses | 352 | 335 | 297 | 318 | 347 | |
| Federal and other income taxes | 61 | 34 | 37 | 31 | 92 | |
| Total current liabilities | 2,518 | 2,197 | 2,414 | 2,773 | 2,250 | |
| Long-term debt | 2,621 | 2,529 | 2,992 | 2,943 | 3,019 | |
| Deferred income taxes | 394 | 352 | 346 | 375 | 364 | |
| Non-current income tax payable | 0 | 6 | 28 | 44 | 48 | |
| Other liabilities | 483 | 471 | 427 | 475 | 533 | |
| Preferred stock - $100 par value; 100,000 shares authorized; none issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock - $1 par value; 500,000,000 shares authorized; 260,194,888 and 260,031,000 shares issued at December 31, 2025 and 2024 | 260 | 260 | 260 | 260 | 259 | |
| Additional paid-in capital | 851 | 893 | 887 | 868 | 858 | |
| Retained earnings | 14,221 | 13,410 | 10,996 | 10,223 | 9,445 | |
| Accumulated other comprehensive loss | −175 | −328 | −238 | −266 | −154 | |
| Treasury stock, at cost: 125,348,563 and 122,814,553 shares at December 31, 2025 and 2024 | −7,751 | −7,281 | −6,798 | −6,798 | — | |
| Total stockholders' equity | 7,405 | 6,954 | 5,107 | 4,286 | 4,190 | |
| Total liabilities and stockholders' equity | 13,422 | 12,509 | 11,349 | 10,897 | 10,404 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 380 | 338 | 305 | 296 | 290 | |
| Stock-based compensation expense | 44 | 40 | 31 | 30 | 31 | |
| Provision for losses on accounts receivable (net of recoveries) | 9 | 5 | 3 | 5 | 5 | |
| Deferred income taxes | −29 | −90 | −99 | −28 | −48 | |
| Employee benefit plan (benefit) expense | −8 | −10 | 6 | 3 | 12 | |
| Other, net | −15 | 27 | 2 | −18 | −7 | |
| Accounts receivable | 49 | −44 | 100 | −185 | −202 | |
| Inventories | −37 | 4 | 142 | −191 | −298 | |
| Prepaid expenses and other assets | −13 | −27 | 11 | −5 | −14 | |
| Accounts payable | −16 | 9 | −114 | 17 | 229 | |
| Accrued compensation and employee benefits | −25 | 39 | 1 | −36 | 65 | |
| Accrued expenses and other liabilities | −66 | 29 | −78 | −56 | 61 | |
| Accrued taxes | −12 | −23 | −17 | −62 | 88 | |
| Contributions to employee benefit plans | −16 | −13 | −16 | −13 | −14 | |
| Net cash provided by operating activities | 1,338 | 1,088 | 1,220 | 747 | — | |
| Additions to property, plant and equipment | −220 | −168 | −183 | −211 | −171 | |
| Acquisitions, net of cash and cash equivalents acquired | −663 | −635 | −534 | −313 | −1,112 | |
| Proceeds from dispositions, net of cash transferred | 6 | 769 | 0 | 0 | 275 | |
| Other, net | −9 | 7 | −686,000 | 3 | 9 | |
| Net cash used in investing activities | −887 | −27 | −718 | −521 | — | |
| Change in commercial paper and other short-term borrowings, net | −639,000 | −468 | −267 | 630 | 105 | |
| Proceeds from long-term debt | 631 | 0 | 0 | — | 0 | |
| Repayment of long-term debt | −400 | 0 | 0 | — | 0 | |
| Dividends paid to stockholders | −283 | −283 | −284 | −288 | −287 | |
| Repurchase of common stock, including payment under accelerated share repurchase program | −541 | −500 | 0 | −585 | −22 | |
| Payments to settle employee tax obligations on exercise of share-based awards | −15 | −17 | −12 | −15 | −42 | |
| Other, net | −17 | −4 | −4 | −3 | −4 | |
| Net cash used in financing activities | −625 | −1,272 | −568 | −260 | −250 | |
| Net cash (used in) provided by operating activities of discontinued operations | −4 | −339 | 117 | 59 | — | |
| Net cash (used in) provided by investing activities of discontinued operations | −10 | 1,986 | −9 | −20 | — | |
| Net cash (used in) provided by discontinued operations | −14 | 1,646 | 108 | 39 | — | |
| Effect of exchange rate changes on cash and cash equivalents | 20 | −6 | −7 | −9 | −803,000 | |
| Net (decrease) increase in cash and cash equivalents, including cash held for sale | −168 | 1,429 | 35 | −5 | −128 | |
| Income taxes | 307 | 908 | 332 | 354 | 234 | |
| Interest | 104 | 126 | 127 | 112 | 102 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is DOVER Corp's CIK number?
DOVER Corp's SEC CIK number is 0000029905 (29905). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find DOVER Corp's SEC filings?
All of DOVER Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did DOVER Corp last report earnings?
DOVER Corp (DOV) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000029905-26-000014). This is DOVER Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is DOVER Corp's most recent earnings 8-K?
DOVER Corp's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0000029905-26-000014. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View DOVER Corp's latest earnings 8-K →
Look up any company's CIK number →