DOV financial statements

The full income statement, balance sheet, and cash-flow statement for Dover Corporation (DOV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	8.09B YoY+4.5%	7.75B YoY+0.8%	7.68B YoY-2.0%	7.84B YoY-0.8%	7.91B YoY+18.3%
	3.22B YoY+8.8%	2.96B YoY+3.2%	2.87B YoY-1.3%	2.90B YoY-2.2%	2.97B YoY+20.0%
Cost of revenue	4.87B YoY+1.8%	4.79B YoY-0.6%	4.82B YoY-2.5%	4.94B YoY+0.0%	4.94B YoY+17.3%
Research & development	165M YoY+10.5%	150M YoY+7.6%	139M YoY-8.1%	151M YoY-4.1%	158M
Selling, general & administrative	1.84B YoY+5.3%	1.75B YoY+6.3%	1.65B YoY+1.4%	1.63B YoY-3.7%	1.69B YoY+9.6%
Restructuring	56.7M YoY-18.7%	69.8M YoY+39.9%	49.9M YoY+63.7%	30.5M YoY+14.1%	26.7M
Amortization of intangibles	210M YoY+14.7%	183M YoY+19.3%	154M YoY+1.2%	152M YoY+6.4%	143M
Provision for credit losses	8.82M YoY+65.5%	5.33M YoY+101.6%	2.64M YoY-51.9%	5.50M YoY+8.8%	5.05M YoY-54.8%
Operating income	1.37B YoY+13.8%	1.21B YoY-1.1%	1.22B YoY-4.7%	1.28B YoY-0.1%	1.28B YoY+37.4%
Interest expense	110M YoY-16.3%	131M YoY-0.1%	131M YoY+12.8%	116M YoY+9.5%	106M YoY-5.0%
Other non-operating income	33.0M YoY-29.6%	46.9M YoY+118.4%	21.5M YoY-5.0%	22.6M YoY+52.0%	14.9M YoY+24.9%
Pre-tax income	1.37B YoY-21.8%	1.76B YoY+56.5%	1.12B YoY-5.6%	1.19B YoY-15.0%	1.40B YoY+66.4%
Income tax	277M YoY-22.5%	357M YoY+99.3%	179M YoY-10.6%	200M YoY-27.7%	277M YoY+75.0%
	1.09B YoY-59.4%	2.70B YoY+155.2%	1.06B YoY-0.8%	1.07B YoY-5.2%	1.12B YoY+64.4%
Income from continuing operations	1.10B YoY-21.6%	1.40B YoY+48.3%	944M YoY-4.7%	990M YoY-11.9%	1.12B YoY+64.4%
	$7.94 YoY-59.2%	$19.45 YoY+158.6%	$7.52 YoY+1.3%	$7.42 YoY-4.1%	$7.74
EPS (basic)	$7.99 YoY-59.2%	$19.58 YoY+159.0%	$7.56 YoY+1.2%	$7.47 YoY-4.4%	$7.81
	137M YoY-0.6%	138M YoY-1.5%	140M YoY-2.0%	143M YoY-0.9%	144M YoY-0.1%
	138M YoY-0.7%	139M YoY-1.4%	141M YoY-2.1%	144M YoY-1.2%	145M YoY-0.1%
Dividends per share	$2.07 YoY+1.0%	$2.05 YoY+1.0%	$2.03 YoY+1.0%	$2.01 YoY+1.0%	$1.99
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.51B YoY+0.5%	4.48B YoY+32.3%	3.39B YoY-1.0%	3.42B YoY+11.8%	3.06B YoY+16.9%
Cash & equivalents	1.68B YoY-9.1%	1.84B YoY+362.9%	399M YoY+4.6%	381M YoY-1.2%	386M YoY-24.9%
Accounts receivable	1.37B YoY+1.3%	1.35B YoY+2.5%	1.32B YoY-12.9%	1.52B YoY+12.6%	1.35B YoY+18.5%
Inventory	1.27B YoY+11.2%	1.14B YoY+0.1%	1.14B YoY-16.3%	1.37B YoY+14.7%	1.19B YoY+42.5%
Prepaid expenses	186M YoY+32.3%	141M YoY+0.9%	139M YoY-12.4%	159M YoY+15.6%	138M YoY+3.4%
	13.4B YoY+7.3%	12.5B YoY+10.2%	11.3B YoY+4.1%	10.9B YoY+4.7%	10.4B YoY+13.7%
Property, plant & equipment	1.12B YoY+13.3%	988M YoY+1.0%	978M YoY-2.6%	1.00B YoY+5.0%	957M YoY+6.7%
Operating lease right-of-use	229M YoY+9.9%	208M YoY+0.8%	207M YoY+4.9%	197M YoY+16.6%	169M YoY-0.6%
Goodwill	5.43B YoY+10.7%	4.91B YoY+5.8%	4.64B YoY+4.8%	4.43B YoY-2.9%	4.56B YoY+11.9%
Intangible assets	1.76B YoY+11.3%	1.58B YoY+9.4%	1.45B YoY+8.4%	1.33B YoY-1.9%	1.36B YoY+25.4%
Other non-current assets	606M YoY+10.2%	550M YoY-0.9%	555M YoY+19.4%	465M YoY-0.3%	466M YoY-2.7%
	2.52B YoY+14.7%	2.20B YoY-9.0%	2.41B YoY-13.0%	2.77B YoY+23.2%	2.25B YoY+29.4%
Accounts payable	876M YoY+3.3%	848M YoY-0.8%	854M YoY-20.0%	1.07B YoY-0.5%	1.07B YoY+25.7%
Accrued liabilities	—	0.00 YoY-100.0%	64.6M	—	—
Deferred revenue	155M YoY-22.0%	199M YoY+2.0%	195M YoY-19.4%	242M YoY+6.2%	228M YoY+23.1%
Short-term & current debt	707M YoY+76.9%	399M	0.00 YoY-100.0%	736M YoY+596.1%	106M
Current lease liability	52.4M YoY+5.5%	49.6M YoY+3.5%	48.0M YoY+12.5%	42.6M YoY-1.0%	43.1M YoY-11.8%
Other current liabilities	352M YoY+5.0%	335M YoY+12.9%	297M YoY-6.7%	318M YoY-8.3%	347M YoY+1.0%
Long-term debt	2.62B YoY+3.6%	2.53B YoY-15.5%	2.99B YoY+1.7%	2.94B YoY-2.5%	3.02B YoY-2.9%
Deferred revenue (non-current)	4.43M YoY-0.6%	4.45M YoY-37.3%	7.10M YoY+10.6%	6.42M YoY-70.2%	21.5M YoY+54.5%
Non-current lease liability	194M YoY+11.2%	175M YoY+2.4%	171M YoY+3.1%	166M YoY+23.3%	134M YoY+0.3%
Deferred tax liabilities	394M YoY+12.0%	352M YoY+1.6%	346M YoY-7.7%	375M YoY+3.0%	364M YoY+22.0%
Other non-current liabilities	483M YoY+2.5%	471M YoY+10.4%	427M YoY-10.1%	475M YoY-10.8%	533M YoY-6.6%
	7.41B YoY+6.5%	6.95B YoY+36.2%	5.11B YoY+19.1%	4.29B YoY+2.3%	4.19B YoY+23.7%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	260M YoY+0.1%	260M YoY+0.1%	260M YoY+0.1%	260M YoY+0.1%	259M YoY+0.2%
Additional paid-in capital	851M YoY-4.7%	893M YoY+0.7%	887M YoY+2.2%	868M YoY+1.2%	858M YoY-1.3%
Retained earnings	14.2B YoY+6.0%	13.4B YoY+22.0%	11.0B YoY+7.6%	10.2B YoY+8.2%	9.45B YoY+9.7%
Treasury stock	7.75B YoY+6.5%	7.28B YoY+7.1%	6.80B YoY+0.0%	6.80B YoY+9.3%	6.22B YoY+0.3%
Accumulated other comprehensive income	-175M YoY+46.6%	-328M YoY-37.8%	-238M YoY+10.7%	-266M YoY-72.8%	-154M YoY-0.5%
Total equity incl. non-controlling	—	—	—	4.29B YoY+2.3%	4.19B YoY+23.7%
Total liabilities & equity	13.4B YoY+7.3%	12.5B YoY+10.2%	11.3B YoY+4.1%	10.9B YoY+4.7%	10.4B YoY+13.7%
	260M YoY+0.1%	260M YoY+0.1%	260M YoY+0.1%	260M YoY+0.1%	259M YoY+0.2%
	135M YoY-1.7%	137M YoY-1.9%	140M YoY+0.1%	140M YoY-3.0%	144M YoY+0.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.34B YoY+23.0%	1.09B YoY-18.6%	1.34B YoY+65.9%	806M YoY-27.8%	1.12B YoY+1.0%
Depreciation & amortization	380M YoY+12.4%	338M YoY+10.8%	305M YoY+3.2%	296M YoY+1.9%	290M YoY+4.0%
Share-based compensation	44.0M YoY+9.0%	40.4M YoY+31.2%	30.8M YoY+2.3%	30.1M YoY-3.3%	31.1M YoY+24.3%
Deferred income taxes	-28.6M YoY+68.8%	-91.7M YoY+0.6%	-92.2M YoY-244.2%	-26.8M YoY+52.4%	-56.2M
Change in receivables	-49.4M YoY-212.6%	43.9M YoY+143.7%	-100M YoY-154.4%	185M YoY-8.4%	202M YoY+264.6%
Change in inventory	37.2M YoY+942.2%	-4.42M YoY+96.9%	-142M YoY-174.3%	191M YoY-35.9%	298M YoY+2929.4%
Change in payables	-15.6M YoY-272.4%	9.08M YoY+107.9%	-114M YoY-761.3%	17.3M YoY-92.5%	229M YoY+339.8%
	—	—	-727M YoY-34.3%	-541M YoY+45.5%	-993M YoY-106.2%
Capital expenditure	220M YoY+31.5%	168M YoY-8.7%	183M YoY-13.1%	211M YoY+23.1%	171M YoY+3.5%
Free cash flow	1.12B YoY+21.5%	920M YoY-20.2%	1.15B YoY+93.9%	595M YoY-37.0%	944M YoY+0.6%
Acquisitions	663M YoY+4.4%	635M YoY+19.0%	534M YoY+70.6%	313M YoY-71.9%	1.11B YoY+231.2%
Proceeds from sale of PP&E	—	—	4.23M YoY-30.1%	6.06M YoY-14.3%	7.07M YoY-1.9%
Other investing activities	9.06M YoY+229.9%	-6.97M YoY-1116.3%	686K YoY+122.2%	-3.09M YoY+64.6%	-8.73M YoY-448.3%
	-625M YoY+50.9%	-1.27B YoY-123.9%	-568M YoY-118.3%	-260M YoY-4.2%	-250M YoY+50.6%
Long-term debt issued	631M	0.00	0.00	0.00	0.00
Long-term debt repaid	400M	0.00	0.00	0.00	0.00
Net short-term debt	-639K YoY+99.9%	-468M YoY-74.8%	-267M YoY-142.5%	630M YoY+499.9%	105M
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	541M YoY+8.1%	500M	0.00 YoY-100.0%	585M YoY+2603.7%	21.6M YoY-79.6%
Dividends paid	283M YoY-0.0%	283M YoY-0.4%	284M YoY-1.1%	288M YoY+0.2%	287M YoY+0.9%
Other financing activities	-16.8M YoY-289.8%	-4.32M YoY-4.5%	-4.13M YoY-39.2%	-2.97M YoY+32.9%	-4.42M YoY-75.3%
FX effect on cash	—	—	—	-9.17M YoY-1042.1%	-803K YoY+39.1%
Net change in cash	-168M YoY-111.8%	1.43B YoY+3983.7%	35.0M YoY+854.8%	-4.64M YoY+96.4%	-128M YoY-210.1%
Interest paid	104M YoY-17.8%	126M YoY-0.2%	127M YoY+12.7%	112M YoY+10.1%	102M YoY-5.5%
Income taxes paid	307M YoY-66.2%	908M YoY+173.3%	332M YoY-6.3%	354M YoY+51.7%	234M YoY+17.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	26.3B YoY+2.3%	25.7B YoY+19.6%	21.5B YoY+13.2%	19.0B YoY-27.4%	26.2B YoY+44.2%
P/E	24.1× YoY+152.2%	9.5× YoY-54.6%	21.0× YoY+28.7%	16.3× YoY-29.9%	23.3× YoY-12.3%
P/S	3.3× YoY-2.1%	3.3× YoY+17.6%	2.8× YoY+24.3%	2.3× YoY-31.3%	3.3× YoY+21.9%
P/B	3.6× YoY-3.9%	3.7× YoY-16.9%	4.5× YoY-6.5%	4.8× YoY-23.7%	6.2× YoY+16.6%
P/FCF	23.6× YoY-15.8%	28.0× YoY+28.4%	21.8× YoY-33.7%	32.9× YoY+18.7%	27.7× YoY+43.4%
	4.2% YoY-60.3%	10.5% YoY+120.1%	4.8% YoY-22.3%	6.1% YoY+42.6%	4.3% YoY+14.0%
	4.2% YoY+18.7%	3.6% YoY-22.1%	4.6% YoY+50.9%	3.0% YoY-15.8%	3.6% YoY-30.3%
	1.1% YoY-3.0%	1.1% YoY-17.2%	1.3% YoY-11.1%	1.5% YoY+35.5%	1.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: DOV's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DOV filings on SEC EDGAR → Not investment advice.