Dover (DOV) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Dover

NYSE•Industrials•Specialty Industrial Machinery

$213.57-2.34(-0.01%)After hours

Market Cap

$27.88B

P/E

23.9x

P/S

3.3x

P/B

3.7x

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment offers software solutions and services used in light and heavy-duty vehicle lifts, wheel service equipment, vehicle diagnostics, and vehicle collision repair solutions; winches, hoists, bearings, drives, and electric monitoring system; and radio frequency and microwave filters and switches, and signal intelligence solutions, as well as soldering and fluid dispensing solutions. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe storage and transport of fuel, cryogenic gases, and hazardous fluids, as well as operation of retail fueling and vehicle wash establishment. The company's Imaging & Identification segment provides precision marking and coding, product traceability equipment, brand protection, and digital textile printing equipment and solution, as well as consumable, software, and service to packaged and consumer goods, pharmaceutical, industrial manufacturing, textile, and other end-market. Its Pumps & Process Solutions segment manufactures specialty pump, connector, flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The company's Climate & Sustainability Technologies segment manufactures refrigeration system, refrigeration display case, commercial glass refrigerator and freezer door, and brazed plate heat exchanger for industrial heating and cooling, and residential climate control applications. Dover Corporation was incorporated in 1947 and is headquartered in Downers Grove, Illinois.

How this company scores

GoodMetricSide Score: 72/100

Strongest: Cash & Earnings Quality (21/25); weakest: Growth (15/25).

Profitability19/25

Growth15/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowStrong marginsHigh ROELow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 23.9x5y range 9.5x – 26.6x

Currently above its 20-quarter median.

P/S · 3.3x5y range 2.0x – 3.6x

Currently near its 20-quarter median.

P/B · 3.7x5y range 3.0x – 6.2x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.8x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $27.88B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $8.58B
Q. Revenue: $2.23B
TTM EBITDA: $1.85B
TTM Op. Income: $1.46B
Q. Op. Income: $419.19M
TTM Net Income: $1.17B
Q. Net Income: $333.33M
EPS: $2.48
Shares Out.: $134.20M

$8.58B in TTM revenue grew 14.6% YoY, reaching $2.23B last quarter. TTM EBITDA of $1.85B and TTM operating income of $1.46B show growth is flowing through to the bottom line. TTM net income of $1.17B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 40.4%
EBITDA Margin: 23.2%
Op. Margin: 18.8%
Net Margin: 14.9%

Op. margin of 18.8% is up 0.6% YoY — cost efficiency is improving. Net margin at 14.9% and gross margin of 40.4% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 23.9x
P/S Ratio: 3.3x
P/B Ratio: 3.7x

At 23.9x P/E, the stock trades within typical market levels. P/S of 3.3x and P/B of 3.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 135% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $13.68B
Cash: $1.69B
Long-Term Debt: $2.58B
Book Value: $7.64B
D/E Ratio: 0.3
Debt/EBITDA: 5.0

With $13.68B in assets and $2.58B in long-term debt, D/E is 0.3and book value is $7.64B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 3% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $438.76M
TTM Free Cash Flow: $1.19B
FCF Margin: 13.9%
FCF / Net Income: 1.0

TTM FCF of $1.19B on $438.76M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.