profit from every $100 of sales.
$0$100
Dover
$209.95+0.23% today
+15.4% in 1 year
1-year low $178.031-year high $233.31
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $25.53 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Dover sold, what it kept, and what it did with the cash.
Sales went from $7.84 billion in 2022 to $8.09 billion in 2025, with $1.09 billion of profit last year.
SalesProfit
Dover handed back 74% of the cash it generated last year.
Buybacks $541M$283M
Free cash flow 2025$1.1B
Bought back its own shares$541M
Paid as dividends$283M
Cash vs. debt$1.7B vs. $3.6B
Dover vs. similar companies
Dover grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Dover | 25.5× · Fair price | ||
 Everpure | 191.2× · Very expensive | ||
 Ingersoll Rand | 56.2× · Expensive | ||
 Otis Worldwide | 21.3× · Fair price | ||
 Xylem | 22.6× · Fair price |
AI analysis
An AI analyst reads Dover's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 6,684 | 7,907 | 7,844 | 7,684 | 7,746 | 8,093 | |
| 2,474 | 2,970 | 2,905 | 2,868 | 2,959 | 3,218 | |
| 933 | 1,282 | 1,280 | 1,219 | 1,206 | 1,373 | |
| 1,233 | 1,797 | 1,602 | 1,559 | 2,226 | 1,864 | |
| 683 | 1,124 | 1,065 | 1,057 | 2,697 | 1,094 | |
| 4.70 | 7.74 | 7.42 | 7.52 | 19.45 | 7.94 | |
| 37.0% | 37.6% | 37.0% | 37.3% | 38.2% | 39.8% | |
| 14.0% | 16.2% | 16.3% | 15.9% | 15.6% | 17.0% | |
| 10.2% | 14.2% | 13.6% | 13.8% | 34.8% | 13.5% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 9,152 | 10,404 | 10,897 | 11,349 | 12,509 | 13,422 |
| Cash | 513 | 386 | 381 | 399 | 1,845 | 1,677 |
| Total debt | 3,292 | 3,302 | 3,887 | 3,679 | 3,154 | 3,575 |
| Total liabilities | – | – | 6,610 | 6,242 | 5,555 | 6,017 |
| 3,386 | 4,190 | 4,286 | 5,107 | 6,954 | 7,405 | |
| 145 | 145 | 144 | 141 | 139 | 138 | |
| 11.3% | 15.9% | 12.6% | 11.3% | 14.8% | 10.7% | |
| 20.2% | 26.8% | 24.9% | 20.7% | 38.8% | 14.8% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,105 | 1,116 | 806 | 1,336 | 748 | 1,334 | |
| 166 | 171 | 211 | 183 | 168 | 220 | |
| 939 | 944 | 595 | 1,153 | 581 | 1,113 | |
| Dividends paid | 284 | 287 | 288 | 284 | 283 | 283 |
| 106 | 22 | 585 | 0 | 500 | 541 | |
| 25 | 31 | 30 | 31 | 40 | 44 |
Valuation
- 25.5×
- 19.7×
- 2.31
- 3.8×
- 3.5×
- 25.1×
- 16.0×
- 4.0%
- 3.9%
- 1.0%
Profitability
- 39.8%
- 17.0%
- 13.5%
- 21.5%
- 9.4%
- 15.3%
- 14.7%
- 8.2%
- 12.6%
- 1.0%
Growth
- +3.9%
- +11.1%
- +92.4%
- +1.0%
- −1.2%
Financial health
- 0.9×
- 0.44
- 24.4%
- 12.4×
- 1.87
- 1.32
- 0.61
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 40%of 982
Top 17%of 991
Bottom 40%of 875
Bottom 35%of 988
Top 48%of 988
What analysts expect
- Average price target
- $237.08
- Range
- $195.00 – $279.00
- 8 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 23, 2026 | 2.28 | 2.27 | +0.4% |
| Jan 29, 2026 | 2.51 | 2.49 | +0.8% |
| Oct 23, 2025 | 2.62 | 2.51 | +4.4% |
| Jul 24, 2025 | 2.44 | 2.39 | +2.1% |
| Apr 24, 2025 | 2.05 | 1.98 | +3.5% |
| Jan 30, 2025 | 2.20 | 2.20 | +0.0% |
| Oct 24, 2024 | 2.27 | 2.30 | −1.3% |
| Jul 25, 2024 | 2.36 | 2.21 | +6.8% |
1.0%of the share price, paid each year
On $1,000 invested$10a year at today's yield, before tax
+1.0%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$1.32 in 2015 → $2.07 in 2025
How safe it looks
25.9% of its profit
Room to growStretchedMore than it earns: 25.4%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
49No pass
Philip Fisher
61Pass
Peter Lynch
39No pass
Joel Greenblatt
25No pass
Charlie Munger
59No pass
Terry Smith
54No pass
Questions about Dover
Is Dover a good stock to buy?
A solid business at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Dover AI analysis
What does Dover do?
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. It is in Industrial - Machinery, based in Downers Grove, IL, United States, with 24,000 employees.
Does Dover pay a dividend?
Yes. At today's price the dividend is 1.0% a year, about 26% of its yearly profit. In 2025 it paid out $283 million in dividends.
Is Dover stock halal?
Yes. Dover passes our halal screen: its business is permitted and its debt is 13% of its market value, under the 30% limit. How we check
How has Dover stock done over the past year?
Up 15.4% over the past twelve months, to $209.95. It traded between $178.03 and $233.31 and is 10.0% below its high.
Who are Dover's competitors?
The largest listed companies in the same industry are Everpure, Ingersoll Rand, Otis Worldwide and Xylem. The peers table on this page compares their profit, growth and price with Dover's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.