Dover vs Ingersoll Rand
Dover and Ingersoll Rand are similar in size: $8.09bn and $7.65bn of revenue in their latest fiscal years. Ingersoll Rand grew faster (5.7% against 4.5%). Dover kept more of each dollar of sales as profit: a net margin of 13.5% against 7.6%.
| Latest fiscal year | DoverDOV, 2025 | Ingersoll RandIR, 2025 |
|---|---|---|
| Revenue | $8.09bn | $7.65bn |
| Revenue growth | 4.5% | 5.7% |
| Net income | $1.09bn | $581m |
| Operating margin | — | 15.0% |
| Net margin | 13.5% | 7.6% |
| Return on equity | 15.2% | 5.7% |
| Free cash flow | $1.12bn | $1.22bn |
| Cash | $1.68bn | $1.25bn |
| Total debt | $4.03bn | $4.78bn |
| Debt to equity | — | 47.4% |
| Dividend per share | $2.07 | — |
| Dividend yield | 1.0% | 0.1% |
| Share buybacks | $541m | $1.02bn |
| Employees | 24,000 | 21,000 |
| Market value | $28.72bn | $32.66bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 76 (Strong) | 65 (Moderate) |
| Insider trades, 12 months | 0 buys, 5 sales | 1 buys, 21 sales |