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Earnings transcript
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DOV
Dover Corporation
$220.97
4.78
(2.21%)
| Exchange: | NYSE |
| Market Cap: | 29.756B |
| Shares Outstanding: | 277.778M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Industrial – Machinery | |||||
| CEO: | Richard Joseph Tobin | |||||
| Full Time Employees: | 24000 | |||||
| Address: |
| |||||
| Website: | https://www.dovercorporation.com |
Dover Corporation operates as a global enterprise, supplying a wide array of industrial equipment, essential components, consumable products, replacement parts, software and digital platforms, and comprehensive support services. Its Engineered Products division delivers diverse machinery, parts, software, and solutions tailored for various industries, including automotive aftermarket service, waste management, industrial automation, aerospace and defense, heavy-duty winching and hoisting, and fluid dispensing. This segment also manufactures specific items such as manual and power clamps, rotary and linear mechanical indexers, conveyors, robotic pick-and-place units, glove ports, manipulators, and end-of-arm tooling like grippers, slides, and end effectors. The Clean Energy & Fueling segment focuses on providing components, equipment, software, and services crucial for the secure transportation of both traditional and sustainable fuels, along with other hazardous materials, throughout the supply chain. It further supports the operations of convenience retail outlets, fuel stations, and vehicle wash establishments. Through its Imaging and Identification segment, Dover offers solutions for precision marking and coding, intelligent packaging, product traceability, brand protection, and digital textile printing equipment. These offerings, along with associated consumables, software, and services, cater to markets like packaged and consumer goods, pharmaceuticals, industrial manufacturing, and fashion and apparel. The Pumps and Process Solutions segment is responsible for producing specialized pumps, connectors, flow meters, fluid connection systems, plastics and polymer processing machinery, and custom-engineered components for rotating and reciprocating equipment. Finally, the Climate & Sustainability Technologies segment manufactures advanced refrigeration systems, commercial refrigeration display cases, glass doors for refrigerators and freezers, and brazed plate heat exchangers, serving applications in industrial heating and cooling as well as residential climate control. Dover distributes its extensive product portfolio through both direct sales channels and a broad network of distributors. The company was founded in 1947 and maintains its headquarters in Downers Grove, Illinois.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 7,684,476 | 7,745,909 | 8,092,571 |
| Gross Profit | 2,867,544 | 2,958,621 | 3,218,169 |
| EBITDA | 1,559,350 | 2,226,029 | 1,863,601 |
| Operating Income | 1,219,340 | 1,206,355 | 1,373,361 |
| Net Income | 1,056,828 | 2,697,126 | 1,093,956 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 11,348,513 | 12,509,160 | 13,422,423 |
| Total Liabilities | 6,241,908 | 5,555,164 | 6,017,217 |
| Total Stockholders Equity | 5,106,605 | 6,953,996 | 7,405,206 |
| Total Debt | 3,678,836 | 3,153,953 | 3,327,972 |
| Cash and Cash Equivalents | 398,561 | 1,844,877 | 1,676,808 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,336,345 | 748,379 | 1,338,005 |
| Capital Expenditure | -192,592 | -167,533 | -220,263 |
| Free Cash Flow | 1,143,753 | 580,846 | 1,117,742 |
| Net Income | 1,056,828 | 2,697,126 | 1,093,956 |
| Net Change in Cash | 34,993 | 1,429,016 | -168,069 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 9,832,547.279 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 10,086,809.405 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 9,975,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,265,725.608 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,324,315.533 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,298,551.158 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,930,396.311 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,995,574.986 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,966,913.264 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 2,142,277.810 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 2,197,675.470 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 2,173,314.865 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 14.250 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 14.460 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 13.990 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: DOV demonstrates strong revenue and net income figures as reflected in recent income statements, supported by consistent operating cash flow and free cash flow generation. This indicates a solid operational foundation and financial stability.
- Favorable Valuation Metrics: The current price-to-earnings (P/E) ratio TTM and forward P/E ratios suggest that DOV is reasonably valued compared to industry averages, potentially indicating an attractive investment opportunity within its sector.
- Strong Balance Sheet: Balance sheet data highlights a manageable debt-to-equity ratio TTM, alongside healthy levels of cash and cash equivalents. This provides DOV with financial flexibility to weather economic downturns or fund strategic initiatives.
- Dividend Consistency: A stable dividend yield TTM and a history of dividend payments (as seen in cash flow statements) position DOV as an appealing choice for income-focused investors, enhancing its attractiveness in the market.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates DOV intrinsic value between $62.05 – $200.16 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about DOV valuation
Is Dover Corporation (DOV) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Dover Corporation (DOV) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is DOV a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether DOV trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is DOV’s P/E ratio?
You can see DOV’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for DOV?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is DOV a good long-term investment?
Whether DOV fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
DOV
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
2.21
Trading Metrics:
| Open: | 218.11 | Previous Close: | 216.19 | |
| Day Low: | 217.63 | Day High: | 222.74 | |
| Year Low: | 158.97 | Year High: | 237.54 | |
| Price Avg 50: | 215.72 | Price Avg 200: | 198.76 | |
| Volume: | 743280 | Average Volume: | 993622 |
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Login — it's freeDOV full analysis
Welcome to MARKETSNAP’s SWOT analysis for Dover Corporation, a company that might not be on everyone’s radar but definitely deserves a closer look if you’re building a diversified, long-term portfolio. If you’re into industrial stocks with a solid track record, stick around as we break down what makes Dover tick, where it’s shining, and where it might trip up. Let’s dive into the overview, recent developments, and then get into the meat of our analysis. First off, for those who…
