Dover Corporation income statement
In fiscal 2025, Dover Corporation reported revenue of $8.09bn, up 4.5% on the year before, operating income of $1.37bn (a 17.0% margin) and net income of $1.09bn, or $7.94 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,344 | 6,110 | 7,369 | 6,627 | 7,155 | 7,753 | 6,956 | 6,043 | 6,821 | 6,992 | 7,136 | 6,684 | 7,907 | 7,844 | 7,684 | 7,746 | 8,093 | 8,577 |
| Cost of revenue | 3,331 | 3,687 | 4,524 | 4,047 | 4,377 | 4,778 | 4,388 | 3,816 | 4,292 | 4,433 | 4,515 | 4,210 | 4,937 | 4,939 | 4,817 | 4,787 | 4,874 | 5,174 |
| Gross profit | 2,013 | 2,423 | 2,845 | 2,580 | 2,779 | 2,974 | 2,568 | 2,228 | 2,529 | 2,560 | 2,621 | 2,474 | 2,970 | 2,905 | 2,868 | 2,959 | 3,218 | 3,403 |
| Research and development | 172 | 159 | 176 | 124 | 117 | 118 | 115 | 116 | 131 | 143 | 141 | 142 | 158 | 151 | 139 | 150 | 165 | — |
| Selling, general and administrative | 1,422 | 1,500 | 1,721 | 1,521 | 1,617 | 1,759 | 1,647 | 1,519 | 1,722 | 1,716 | 1,599 | 1,541 | 1,688 | 1,625 | 1,648 | 1,752 | 1,845 | 1,941 |
| Operating income | 591 | 923 | 1,124 | 1,059 | 1,162 | 1,215 | 921 | 709 | 807 | 843 | 975 | 933 | 1,282 | 1,280 | 1,219 | 1,206 | 1,373 | 1,462 |
| Interest expense | 116 | 115 | — | — | — | 132 | 132 | 136 | 145 | 131 | 126 | 112 | 106 | 116 | 131 | 131 | 110 | 116 |
| Net interest income | — | — | — | — | — | 127 | 127 | 130 | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 494 | 813 | 1,010 | 931 | 1,046 | 1,094 | 801 | 685 | 876 | 725 | 843 | 842 | 1,401 | 1,190 | 1,123 | 1,757 | 1,374 | — |
| Income tax | 121 | 194 | 237 | 281 | 248 | 316 | 205 | 183 | 129 | 134 | 165 | 158 | 277 | 200 | 179 | 357 | 277 | 285 |
| Net income | 356 | 700 | 895 | 811 | 1,003 | 775 | 870 | 509 | 812 | 570 | 678 | 683 | 1,124 | 1,065 | 1,057 | 2,697 | 1,094 | 1,166 |
| Diluted EPS | $1.91 | $3.07 | $4.74 | $4.41 | $5.78 | $4.59 | $5.46 | $3.25 | $5.15 | $3.75 | $4.61 | $4.70 | $7.74 | $7.42 | $7.52 | $19.45 | $7.94 | $8.59 |
| Diluted shares (average) | 187m | 189m | 189m | 184m | 174m | 169m | 159m | 157m | 158m | 152m | 147m | 145m | 145m | 144m | 141m | 139m | 138m | 136m |
| EBITDA | 822 | 1,152 | 1,414 | 1,289 | 1,440 | 1,523 | 1,248 | 959 | 1,090 | 1,126 | 1,247 | 1,212 | 1,572 | 1,575 | 1,524 | 1,544 | 1,753 | 1,854 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,930 | 1,866 | 2,050 | 2,078 | 2,099 | 2,054 | 2,190 | 2,234 |
| Cost of revenue | 1,184 | 1,121 | 1,231 | 1,244 | 1,278 | 1,255 | 1,309 | 1,330 |
| Gross profit | 746 | 746 | 818 | 834 | 821 | 798 | 881 | 903 |
| Selling, general and administrative | 451 | 449 | 464 | 456 | 476 | 492 | 489 | 484 |
| Operating income | 295 | 296 | 355 | 377 | 345 | 306 | 392 | 419 |
| Interest expense | 28 | 28 | 27 | 27 | 28 | 30 | 29 | 29 |
| Income before tax | 304 | — | — | — | — | — | — | — |
| Income tax | 65 | 56 | 72 | 83 | 66 | 60 | 75 | 84 |
| Net income | 1,436 | 231 | 279 | 302 | 282 | 238 | 312 | 333 |
| Diluted EPS | $10.37 | $1.67 | $2.02 | $2.19 | $2.06 | $1.75 | $2.30 | $2.47 |
| EBITDA | 382 | 384 | 449 | 476 | 445 | 403 | 489 | 517 |
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