Filing Flows › Dover (DOV) › Q1 2025
Dover (DOV) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Dover (DOV) reported revenue of $1.9B for the first quarter 2025 (Q1 2025), -0.9% from a year earlier and -3% from the quarter before. Operating margin was 15.9%, net earnings $231M (12.4% of revenue).
Dover, Q1 2025: revenue $1.9B (-0.9% year over year), operating margin 15.9%, net earnings $231M, operating cash flow $157M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -3% | -0.9% |
| Gross profit | $746M | 0% | +7% |
| Operating profit | $296M | +0.4% | +17% |
| Net earnings | $231M | -84% | -63% |
| Operating cash flow | $157M | -64% | -5% |
| Free cash flow | $109M | -72% | -14% |
What changed
Revenue was $1.9B in Q1 2025, down 1% year over year and down 3% from the previous quarter.
Gross margin was 40.0%, up 2.9 points from a year earlier. Operating profit was $0.30B, a 15.9% margin (up 2.4 points year over year). Operating expenses grew 1% against a revenue fall of 1%. Net earnings were $0.23B, down 63% year over year. The effective tax rate was 19.6%.
Operating cash flow was $0.16B (down 5% year over year), 68% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $0.05B left free cash flow of $0.11B.
Questions
What was Dover's revenue in the first quarter 2025?
Dover (DOV) reported revenue of $1.9B for the first quarter 2025 (Q1 2025), -0.9% from a year earlier and -3% from the quarter before.
Was Dover profitable in the first quarter 2025?
Operating profit was $296M (15.9% of revenue) and net earnings $231M.
Source: Dover 10-Q on SEC EDGAR.