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Dover (DOV) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 22, 2026 · Dover (DOV) Q3 2026 earnings results →

Q3 2026 Revenue up 8% year over year to $2.2B · 15¢ of every $1 of revenue kept as net profit · operating margin 18.8%

Dover made $2.2B in Q3 2026 (+8% Y/Y). Operating margin 18.8%, net earnings $333M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 22, 2026.

Revenue$2.2B
Year over year+8%
Operating margin18.8%
Net earnings$333M
Operating cash flow$439M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Dover Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Dover Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.2B in Q3 2026, up 8% year over year and up 2% from the previous quarter.

Gross margin was 40.4%, up 0.3 points from Q3 2025. Operating profit was $0.42B, a 18.8% margin (up 0.6 points year over year). Of the extra revenue versus Q3 2025, 27% reached operating profit, above the 18% margin then. Operating expenses grew 6% against revenue growth of 8%. Net earnings were $0.33B, up 10% year over year. The effective tax rate was 20.1%.

Operating cash flow was $0.44B (up 3% year over year), 132% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. After capital expenditures ($0.06B), free cash flow as the company reports it was $0.38B.

Quarterly history

Dover revenue by quarterDover revenue by quarter$1.9BQ1 2025$2.0BQ2 2025$2.1BQ3 2025$2.1BQ4 2025$2.1BQ1 2026$2.2BQ2 2026$2.2BQ3 2026
Dover net earnings by quarterDover net earnings by quarter$231MQ1 2025$279MQ2 2025$302MQ3 2025$282MQ4 2025$238MQ1 2026$312MQ2 2026$333MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 22, 2026$2.2B+8%18.8%$333M$439M
Q2 202610-QJul 23, 2026$2.2B+7%17.9%$312M$236M
Q1 202610-QApr 23, 2026$2.1B+10%14.9%$238M$191M
Q4 202510-KFeb 13, 2026$2.1B+9%16.5%$282M$544M
Q3 202510-QOct 23, 2025$2.1B+5%18.2%$302M$424M
Q2 202510-QJul 24, 2025$2.0B+5%17.3%$279M$212M
Q1 202510-QApr 24, 2025$1.9B-0.9%15.9%$231M$157M

Charts

Dover: revenue growth, year over year and quarter over quarterDover: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q1 2025+5%+10%Q2 2025+5%+1%Q3 2025+9%+1%Q4 2025+10%-2%Q1 2026+7%+7%Q2 2026+8%+2%Q3 2026
Latest (Q3 2026): Y/Y +8%, Q/Q +2%.
Dover: where the cash came from (+) and went (−), TTM to Q3 2026Dover: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$1.4BBuybacks−$886MDividends−$281MCapital spending−$220MOther financing$217MCash drawn (+) / kept (−)−$140MAcquisitions−$42.9MTaxes on employees’ shares−$37.2MOther investing−$11.7MExchange rates−$5.3MNot reconciled−$3.7M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Dover: profit against cash, quarter by quarterDover: profit against cash, quarter by quarterNet incomeOperating cash flow$1.4B$439MQ4 2024$231M$157MQ1 2025$279M$212MQ2 2025$302M$424MQ3 2025$282M$544MQ4 2025$238M$191MQ1 2026$312M$236MQ2 2026$333M$439MQ3 2026
Latest (Q3 2026): Net income $333M, Operating cash flow $439M.
Dover: diluted shares by fiscal yearDover: diluted shares by fiscal year145MFY2020145MFY2021144MFY2022141MFY2023139MFY2024138MFY2025
-5.2% since FY2020: buybacks shrank the count.
Dover: long-term debt falling due (FY2025)Dover: long-term debt falling due (FY2025)$708M2026$590M2027$200M2028$300M2029$1.5BLater
Cash $1.7B, short-term investments —, long-term debt $3.3B at 2025-12-31.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Dover

Dover Corporation is a diversified global manufacturer and solutions provider delivering innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. Unless the context indicates otherwise, references herein to "Dover," "the Company," and words such as "we," "us," or "our" include Dover Corporation and its consolidated subsidiaries. Dover was incorporated in 1947 in the State of Delaware and became a publicly traded company in 1955. Dover is headquartered in Downers Grove, Illinois and currently employs approximately 24,000 people worldwide.

In its own words, from its 10-K, filed Feb 13, 2026.

Source: Dover 10-Q on SEC EDGAR · CIK 29905 · Construction, Mining & Materials Handling Machinery & Equip

13F: who owns DOV and who is buying

Largest holders of DOV (13F)Largest holders of DOV (13F)Vanguard Group$3.3BBlackRock$2.3BVanguard Capital Management LLC$2.0BState Street$1.5BVanguard Portfolio Management LLC$1.5BFMR LLC$979MGeode Capital Management, LLC$801MBank of America$625MBank of New York Mellon$591MMorgan Stanley$555M
Funds' net buying of DOV by quarter (13F)Funds' net buying of DOV by quarter (13F)$1.3M2024-09$15.4M2024-12$301M2025-03$280M2025-06−$269K2025-09$972M2025-12−$843M2026-03−$485M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DOV

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

中文版:Dover(DOV)财报

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