TORVANTA
Industrials · S&P 500 · data as of 2026-10-05

DOV stock analysis: Dover

Dover (DOV) is an S&P 500 company in Industrial Machinery & Supplies & Components. It grades weakest on growth.

The model's view of DOV · subscribers

Where DOV ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with DOV · updated 2026-10-05 · from prices and SEC filings

DOV price performance

DOV against the S&P 500, one year
+0%+20%+40%S&P 500 +18%DOV +16%2025-09-292026-10-05
Year to date-1.3%S&P 500 +14.5% · behind by 15.8 pts
1 year+16.0%S&P 500 +17.0% · behind by 1.0 pts
3 years+43.0%S&P 500 +89.3% · behind by 46.2 pts
5 years+28.6%S&P 500 +91.3% · behind by 62.7 pts

Total returns with dividends reinvested.

DOV factor grades

Each grade compares DOV with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B-ValueP/E 23.0x (industry 26.4x)FCF yield 4.4% (industry 4.0%)
DGrowthRevenue growth +8% (industry +6%)EPS growth -50% (industry +5%)
CProfitabilityOperating margin 16.9% (industry 20.6%)ROIC 12.2% (industry 14.0%)
C+Momentum12-month change +16%From 52-wk high -17%

DOV in plain numbers

DOV key statistics

SectorIndustrials
IndustryIndustrial Machinery & Supplies & Components
IndexS&P 500
Market value$25.8B
Revenue growth (y/y)+8%
Free-cash-flow yield4.4%
Dividend yield1.1%
Next earnings (expected)2026-10-22
Valuation measures
Market value$25.8B
Enterprise value$27.3B
P/E (trailing)23.0x
Forward P/E (Torvanta estimate)23.6x
Price / sales3.1x
Price / book3.3x
EV / revenue3.2x
EV / EBITDA15.0x
Financial highlights
Revenue, last 12 months$8.4B
Net income, last 12 months$1.1B
EPS, last 12 months (GAAP)$8.30
Gross margin39.6%
Operating margin16.9%
Net margin13.5%
Return on equity15.0%
Return on invested capital12.2%
Cash$1.8B
Total debt$3.3B
Debt / equity0.42x
Interest cover12.5x
Current ratio1.98x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

DOV earnings trends

Revenue vs earnings
$0$547.5M$1.1B$1.6B$2.2BSep 2024 Revenue: $2.0BDec 2024 Revenue: $1.9BMar 2025 Revenue: $1.9BJun 2025 Revenue: $2.0BSep 2025 Revenue: $2.1BDec 2025 Revenue: $2.1BMar 2026 Revenue: $2.1BJun 2026 Revenue: $2.2BSep 2024 Net income: $347.1MDec 2024 Net income: $1.4BMar 2025 Net income: $230.8MJun 2025 Net income: $279.1MSep 2025 Net income: $302.0MDec 2025 Net income: $282.1MMar 2026 Net income: $238.4MJun 2026 Net income: $312.2MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 17.5%Net margin: 74.4%Net margin: 12.4%Net margin: 13.6%Net margin: 14.5%Net margin: 13.4%Net margin: 11.6%Net margin: 14.3%0%37%74%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$2.6$5.2$7.8$10.4Sep 2024 EPS (GAAP, diluted): $2.5Dec 2024 EPS (GAAP, diluted): $10.4Mar 2025 EPS (GAAP, diluted): $1.7Jun 2025 EPS (GAAP, diluted): $2.0Sep 2025 EPS (GAAP, diluted): $2.2Dec 2025 EPS (GAAP, diluted): $2.1Mar 2026 EPS (GAAP, diluted): $1.8Jun 2026 EPS (GAAP, diluted): $2.3Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -13% · Dec 2025 -80% · Mar 2026 +5% · Jun 2026 +14%

From the company's 10-Q and 10-K filings with the SEC.

Dover financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$7.9B$8.5B$8.4B$8.2B$8.1B
Net income$1.1B$1.1B$1.1B$2.7B$1.1B
EPS (GAAP)$7.74$7.43$7.52$19.44$7.94
Free cash flow$944.4M$584.8M$1.1Bn/an/a

DOV earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-23$2.30+14%+7%-4.6%
2026-04-23$1.75+5%+10%+3.6%
2026-01-29$2.06-80%+9%-1.7%
2025-10-23$2.19-13%+5%+4.4%
2025-07-24$2.02-1%-6%-2.8%
2025-04-24$1.67-63%-11%-1.2%

About Dover

HeadquartersDowners Grove, IL
Industry (SEC code)Construction, Mining & Materials Handling Machinery & Equip
Fiscal year endsDecember 31
Incorporated inNY
Listed onNYSE

From the company's SEC registration record.

Companies similar to DOV

CompanyMarket valueP/ERevenue growthOperating margin12-month change
DOV Dover$25.8B23.0x+8%16.9%+16%
HUBB Hubbell$25.4B28.4x+7%20.7%+18%compare
OTIS Otis Worldwide$25.1B16.9x+5%15.4%-26%compare
XYL Xylem$23.9B24.4x+5%14.5%-31%compare
IR Ingersoll Rand$30.5B32.3x+8%18.1%-6%
SNA Snap-on$19.0B18.7x+4%25.4%+9%
NDSN Nordson$18.6B33.8x+7%26.9%+45%

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Frequently asked questions

Is DOV stock a buy?

Torvanta does not tell individuals what to buy. Its grades for DOV are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is DOV's P/E ratio?

DOV trades at about 23.0 times its last 12 months of GAAP earnings reported to the SEC, and about 23.6 times Torvanta's own estimate of the next 12 months.

When does DOV report earnings next?

Based on its filing history, Torvanta expects Dover to report around 2026-10-22.

Does DOV pay a dividend?

Yes. Its dividend yield is about 1.1%, and it has raised its dividend 10 years in a row.

How has DOV performed against the S&P 500?

Over the past year DOV returned +16.0%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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