Dover profit margin DOV
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 13.5%
- Operating margin, 12 months
- 16.9%
- Net margin on a year earlier
- −15.8 pts
- Peer median
- 11.6%
Over the twelve months to Jun 30, 2026, Dover kept 13.5% of its revenue as net profit, with an operating margin of 16.9% and a gross margin of 39.6%.
Five years earlier its net margin was 11.8%.
The median for 10 industrial machinery stocks of a similar size is 11.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 13.5% | 17.0% | 39.8% |
| FY2024 | 34.8% | 15.6% | 38.2% |
| FY2023 | 12.8% | 16.1% | 36.8% |
| FY2022 | 12.5% | 16.2% | 36.0% |
| FY2021 | 14.2% | 16.2% | 37.6% |
| FY2020 | 10.2% | 14.0% | 37.0% |
| FY2019 | 9.5% | 13.7% | 36.7% |
| FY2018 | 8.2% | 12.1% | 36.6% |
| FY2017 | 11.9% | 12.4% | 37.1% |
| FY2016 | 7.5% | 10.5% | 36.4% |
| FY2015 | 12.5% | 13.2% | 36.9% |
| FY2014 | 10.0% | 15.7% | 38.4% |
| FY2013 | 14.0% | 16.2% | 38.8% |
| FY2012 | 10.0% | 15.6% | 38.3% |
| FY2011 | 12.1% | 15.3% | 38.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 13.5% | −15.8 pts | 16.9% | |
| Q1 FY26 | 13.3% | −16.4 pts | 16.7% | |
| Q4 FY25 | 13.5% | −21.3 pts | 17.0% | |
| Q3 FY25 | 28.4% | +8.7 pts | 16.7% | |
| Q2 FY25 | 29.3% | +10.3 pts | 16.3% | |
| Q1 FY25 | 29.7% | +11.6 pts | 16.2% | |
| Q4 FY24 | 34.8% | +22.0 pts | 15.6% | |
| Q3 FY24 | 19.7% | +7.3 pts | 16.0% | |
| Q2 FY24 | 19.0% | +7.0 pts | 16.1% | |
| Q1 FY24 | 18.1% | +5.6 pts | 15.8% | |
| Q4 FY23 | 12.8% | +0.3 pts | 16.1% | |
| Q3 FY23 | 12.4% | −1.6 pts | 16.0% |
Against its peers
Companies in Industrial - Machinery nearest Dover's size, closest first, today.
| Company | Profit margin |
|---|---|
| DOVDover | 13.5% |
| XYLXylem | 11.2% |
| IRIngersoll Rand | 12.1% |
| OTISOtis Worldwide | 10.2% |
| SYMSymbotic | 0.5% |
| NDSNNordson | 18.6% |
| ITTITT | 8.9% |
| IEXIDEX | 14.5% |
| CARRCarrier Global | 5.5% |
| ROKRockwell Automation | 13.4% |
| RBCRBC Bearings INC | 16.4% |
| Peer median | 11.6% |
Where Dover ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Dover
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.