Dover Corp (DOV) financial statements: income statement, balance sheet and cash flow

Dover Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Dover Corp reported revenue of $8.1B (+4.5% year on year) and net income of $1.1B (-59.4% year on year).

Income statement

Dover Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenue	$8.1B	$7.7B	$8.4B	$8.5B
Cost of goods and services	$4.9B	$4.8B	$5.4B	$5.4B
Gross profit	$3.2B	$3.0B	$3.1B	$3.1B
Selling, general and administrative expenses	$1.8B	$1.8B	$1.7B	$1.7B
Operating earnings	$1.4B	$1.2B	$1.4B	$1.4B
Interest expense	$109.8M	$131.2M	$131.3M	$116.5M
Interest income	($73.0M)	($37.2M)	($13.5M)	($4.4M)
Gain on dispositions	($4.6M)	($597.8M)	$0	$0
Other income, net	($33.0M)	($46.9M)	($21.5M)	($20.2M)
Earnings before provision for income taxes	$1.4B	$1.8B	$1.3B	$1.3B
Provision for income taxes	$276.8M	$357.0M	$213.2M	$222.1M
Earnings from continuing operations	$1.1B	$1.4B	—	—
(Loss) earnings from discontinued operations, net	($3.5M)	$1.3B	—	—
Net earnings	$1.1B	$2.7B	$1.1B	$1.1B
Earnings from continuing operations (in dollars per share)	$8.01	$10.16	—	—
Earnings from continuing operations (in dollars per share)	$7.97	$10.09	—	—
Earnings from discontinued operations, net (in dollars per share)	-$0.03	$9.42	—	—
Basic (in dollars per share)	$7.99	$19.58	$7.56	$7.47
Diluted (in dollars per share)	$7.94	$19.45	$7.52	$7.42
Basic (in shares)	136.9M	137.7M	139.8M	142.7M
Diluted (in shares)	137.8M	138.7M	140.6M	143.6M

Dover Corp income statement, quarters

Line item	Sep 30, 2026 · Q3	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3
Revenue	$2.2B	$2.2B	$2.1B	$2.1B
Cost of goods and services	$1.3B	$1.3B	$1.3B	$1.2B
Gross profit	$903.4M	$880.6M	$798.1M	$833.6M
Selling, general and administrative expenses	$484.2M	$488.8M	$492.2M	$456.4M
Operating earnings	$419.2M	$391.8M	$305.9M	$377.2M
Interest expense	$28.9M	$29.1M	$29.5M	$27.2M
Interest income	($16.5M)	($14.5M)	($14.1M)	($17.8M)
Gain on dispositions	$0	$0	$0	$0
Other income, net	($13.8M)	($10.4M)	($8.5M)	($18.5M)
Earnings before provision for income taxes	$420.7M	$387.7M	$298.9M	$386.2M
Provision for income taxes	$83.9M	$75.2M	$60.2M	$83.0M
Earnings from continuing operations	$336.8M	$312.5M	$238.7M	$303.3M
Loss from discontinued operations, net	($3.5M)	($299.0K)	($316.0K)	($1.3M)
Net earnings	$333.3M	$312.2M	$238.4M	$302.0M
Basic (in dollars per share)	$2.51	$2.32	$1.77	$2.21
Diluted (in dollars per share)	$2.50	$2.31	$1.76	$2.20
Basic (in dollars per share)	-$0.03	$0.00	$0.00	-$0.01
Diluted (in dollars per share)	-$0.03	$0.00	$0.00	-$0.01
Basic (in dollars per share)	$2.48	$2.32	$1.77	$2.20
Diluted (in dollars per share)	$2.47	$2.30	$1.75	$2.19
Basic (in shares)	134.2M	134.8M	135.0M	137.2M
Diluted (in shares)	134.9M	135.6M	135.9M	138.0M

Balance sheet

Dover Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$1.7B	$1.8B	$398.6M	$380.9M
Receivables, net	$1.4B	$1.4B	$1.4B	$1.5B
Inventories, net	$1.3B	$1.1B	$1.2B	$1.4B
Prepaid and other current assets	$186.0M	$140.6M	$141.5M	$159.1M
Total current assets	$4.5B	$4.5B	$3.4B	$3.4B
Property, plant and equipment, net	$1.1B	$987.9M	$1.0B	$1.0B
Goodwill	$5.4B	$4.9B	$4.9B	$4.7B
Intangible assets, net	$1.8B	$1.6B	$1.5B	$1.3B
Other assets and deferred charges	$606.2M	$550.2M	$560.9M	$465.0M
Total assets	$13.4B	$12.5B	$11.3B	$10.9B
Short-term borrowings and current portion of long-term debt	$706.7M	$400.1M	$468.3M	—
Accounts payable	$875.7M	$848.0M	$958.5M	$1.1B
Accrued compensation and employee benefits	$280.7M	$292.4M	$272.5M	$269.8M
Deferred revenue	$155.0M	$198.6M	$211.3M	$256.9M
Accrued insurance	$87.6M	$88.0M	$86.2M	$92.9M
Other accrued expenses	$352.1M	$335.3M	$315.5M	$318.3M
Federal and other income taxes	$60.7M	$34.2M	$36.9M	$31.4M
Total current liabilities	$2.5B	$2.2B	$2.4B	$2.8B
Long-term debt	$2.6B	$2.5B	$3.0B	$2.9B
Deferred income taxes	$394.4M	$352.0M	$346.4M	$375.1M
Non-current income tax payable	$0	$6.2M	$28.0M	$44.3M
Other liabilities	$483.1M	$471.1M	$462.0M	$474.9M
Preferred stock - $100 par value; 100,000 shares authorized; none issued	0	0	0	0
Common stock - $1 par value; 500,000,000 shares authorized; 260,194,888 and 260,031,000 shares issued at December 31, 2025 and 2024	260.2M	260.0M	259.8M	259.6M
Additional paid-in capital	$850.8M	$892.7M	$886.7M	$867.6M
Retained earnings	$14.2B	$13.4B	$11.0B	$10.2B
Accumulated other comprehensive loss	($175.0M)	($327.8M)	($237.9M)	($266.2M)
Treasury stock, at cost: 125,348,563 and 122,814,553 shares at December 31, 2025 and 2024	-7.8B	-7.3B	-6.8B	—
Total stockholders' equity	$7.4B	$7.0B	$5.1B	$4.3B
Total liabilities and stockholders' equity	$13.4B	$12.5B	$11.3B	$10.9B

Dover Corp balance sheet, quarters

Line item	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025
Cash and cash equivalents	$1.7B	$1.8B	$1.6B	$1.6B
Receivables, net	$1.6B	$1.5B	$1.4B	$1.5B
Inventories, net	$1.5B	$1.4B	$1.4B	$1.3B
Prepaid and other current assets	$225.6M	$252.2M	$219.4M	$176.4M
Total current assets	$5.0B	$5.0B	$4.7B	$4.5B
Property, plant and equipment, net	$1.2B	$1.1B	$1.1B	$1.1B
Goodwill	$5.4B	$5.4B	$5.4B	$5.4B
Intangible assets, net	$1.6B	$1.6B	$1.7B	$1.8B
Other assets and deferred charges	$591.3M	$609.2M	$611.8M	$604.6M
Total assets	$13.7B	$13.7B	$13.5B	$13.4B
Current portion of long-term debt	$683.4M	$681.8M	$692.8M	$400.6M
Accounts payable	$943.3M	$955.7M	$975.5M	$861.6M
Accrued compensation and employee benefits	$257.8M	$231.5M	$186.3M	$251.9M
Deferred revenue	$180.3M	$164.9M	$163.4M	$183.4M
Accrued insurance	$93.2M	$93.1M	$84.4M	$90.6M
Other accrued expenses	$364.4M	$339.2M	$361.8M	$360.5M
Federal and other income taxes	$26.8M	$36.3M	$42.9M	$57.0M
Total current liabilities	$2.5B	$2.5B	$2.5B	$2.2B
Long-term debt	$2.6B	$2.6B	$2.6B	$2.7B
Deferred income taxes	$456.6M	$450.1M	$443.0M	$392.1M
Other liabilities	$456.2M	$459.3M	$469.4M	$489.7M
Common stock - $1 par value; 260,437,063 and 260,194,888 shares issued at September 30, 2026 and December 31, 2025	260.4M	260.4M	—	—
Additional paid-in capital	$882.0M	$878.4M	—	—
Retained earnings	$14.9B	$14.6B	—	—
Accumulated other comprehensive loss	($228.0M)	($228.3M)	—	—
Treasury stock	($8.2B)	($7.8B)	—	—
Total stockholders' equity	$7.6B	$7.7B	$7.5B	$7.7B
Total liabilities and stockholders' equity	$13.7B	$13.7B	$13.5B	$13.4B

Cash flow statement

Dover Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net earnings	$1.1B	$2.7B	$1.1B	$1.1B
Loss (earnings) from discontinued operations, net	$3.5M	($1.3B)	—	—
Depreciation and amortization	$379.6M	$337.8M	$317.5M	$307.5M
Stock-based compensation expense	$44.0M	$40.4M	$31.5M	$30.8M
Gain on dispositions	($4.6M)	($597.8M)	$0	$0
Provision for losses on accounts receivable (net of recoveries)	$8.8M	$5.3M	$2.9M	$5.6M
Deferred income taxes	($29.2M)	($89.7M)	($99.3M)	($28.1M)
Employee benefit plan (benefit) expense	($7.6M)	($9.9M)	$5.7M	$3.1M
Other, net	($15.0M)	$27.3M	($12.4M)	($18.2M)
Accounts receivable	$49.4M	($43.9M)	$86.5M	($209.0M)
Inventories	($37.2M)	$4.4M	$145.5M	($199.0M)
Prepaid expenses and other assets	($12.6M)	($26.9M)	$10.2M	($3.5M)
Accounts payable	($15.6M)	$9.1M	($104.6M)	$15.4M
Accrued compensation and employee benefits	($25.2M)	$39.2M	$4.2M	($34.8M)
Accrued expenses and other liabilities	($65.8M)	$28.6M	($75.2M)	($54.1M)
Accrued taxes	($12.0M)	($23.2M)	($16.8M)	($62.4M)
Contributions to employee benefit plans	($16.3M)	($12.8M)	($16.1M)	($12.9M)
Net cash provided by operating activities	$1.3B	$1.1B	$1.3B	$805.7M
Additions to property, plant and equipment	($220.3M)	($167.5M)	($192.6M)	($221.0M)
Acquisitions, net of cash and cash equivalents acquired	($663.3M)	($635.3M)	($533.6M)	($312.9M)
Proceeds from dispositions, net of cash transferred	$6.0M	$768.8M	$0	$0
Other, net	($9.1M)	$7.0M	($4.6M)	($13.2M)
Net cash used in investing activities	($886.6M)	($27.0M)	($726.6M)	($540.9M)
Change in commercial paper and other short-term borrowings, net	($639.0K)	($467.6M)	($267.5M)	$629.9M
Proceeds from long-term debt	$631.2M	—	—	—
Repayment of long-term debt	($400.0M)	—	—	—
Dividends paid to stockholders	($283.0M)	($283.1M)	($284.3M)	($287.6M)
Repurchase of common stock, including payment under accelerated share repurchase program	($540.7M)	($500.0M)	$0	($585.0M)
Payments to settle employee tax obligations on exercise of share-based awards	($14.9M)	($16.6M)	($12.1M)	($14.6M)
Other, net	($16.8M)	($4.3M)	($4.1M)	($3.0M)
Net cash used in financing activities	($624.9M)	($1.3B)	($568.1M)	($260.3M)
Net cash (used in) provided by operating activities of discontinued operations	($4.4M)	($339.5M)	—	—
Net cash (used in) provided by investing activities of discontinued operations	($9.8M)	$2.0B	—	—
Net cash (used in) provided by discontinued operations	($14.2M)	$1.6B	—	—
Effect of exchange rate changes on cash and cash equivalents	$19.6M	($6.3M)	($6.7M)	($9.2M)
Net (decrease) increase in cash and cash equivalents, including cash held for sale	($168.1M)	$1.4B	$35.0M	($4.6M)
Cash and cash equivalents at beginning of year, including cash held for sale	$1.8B	$415.9M	$380.9M	—
Cash and cash equivalents at end of year, including cash held for sale	$1.7B	$1.8B	—	—
Income taxes	$307.1M	$907.8M	$332.2M	$354.5M
Interest	$103.9M	$126.4M	$126.7M	$112.5M

Dover Corp cash flow statement, quarters

Line item	Sep 30, 2026 · YTD	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD
Net earnings	$884.0M	$550.7M	$238.4M	$811.9M
Loss from discontinued operations, net	$4.1M	$615.0K	$316.0K	$10.8M
Depreciation and amortization	$292.2M	$194.2M	$97.4M	$280.3M
Stock-based compensation expense	$33.4M	$27.8M	$21.0M	$37.6M
Gain on dispositions	$0	$0	$0	($4.6M)
Other, net	($6.3M)	($5.2M)	$5.1M	($19.3M)
Accounts receivable, net	($201.6M)	($163.9M)	($79.0M)	($33.8M)
Inventories	($193.7M)	($167.6M)	($105.5M)	($95.6M)
Prepaid expenses and other assets	($29.5M)	($36.8M)	($31.8M)	($9.7M)
Accounts payable	$66.7M	$91.6M	$108.0M	($26.3M)
Accrued compensation and employee benefits	($47.0M)	($70.3M)	($104.2M)	($74.7M)
Accrued expenses and other liabilities	$43.7M	$22.0M	$19.2M	($24.5M)
Accrued and deferred taxes, net	$19.9M	($15.9M)	$22.1M	($58.0M)
Net cash provided by operating activities	$865.9M	$427.2M	$191.0M	$794.1M
Additions to property, plant and equipment	($163.0M)	($107.6M)	($59.8M)	($163.3M)
Acquisitions, net of cash and cash equivalents acquired	($42.8M)	($665.0K)	($665.0K)	($663.2M)
Proceeds from dispositions, net of cash transferred	$0	$0	$0	$6.0M
Other	$3.2M	$2.4M	($1.2M)	$5.8M
Net cash used in investing activities	($202.6M)	($105.8M)	($61.7M)	($814.6M)
Repurchase of common stock	($385.5M)	($53.9M)	($53.9M)	($40.7M)
Dividends paid to stockholders	($210.8M)	($140.4M)	($70.4M)	($213.2M)
Payments to settle employee tax obligations on exercise of share-based awards	($33.9M)	($31.9M)	($29.7M)	($11.6M)
Other	($11.1M)	($8.8M)	($7.4M)	($14.9M)
Net cash used in financing activities	($641.4M)	($235.0M)	($161.5M)	($280.3M)
Net cash used in operating activities of discontinued operations	($820.0K)	($778.0K)	($400.0K)	($1.6M)
Net cash used in investing activities of discontinued operations	$0	$0	—	($9.8M)
Net cash used in discontinued operations	($820.0K)	($778.0K)	($400.0K)	($11.3M)
Effect of exchange rate changes on cash and cash equivalents	($4.8M)	($6.3M)	($2.4M)	$20.2M
Net increase (decrease) in cash and cash equivalents	$16.4M	$79.2M	($34.9M)	($292.1M)
Cash and cash equivalents at beginning of period	$1.7B	$1.7B	$1.7B	$1.8B
Cash and cash equivalents at end of period	$1.7B	$1.8B	$1.6B	$1.6B

Dover Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.