Filing Flows › Dover (DOV) › Q2 2025
Dover (DOV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Dover (DOV) reported revenue of $2.0B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +10% from the quarter before. Operating margin was 17.3%, net earnings $279M (13.6% of revenue).
Dover, Q2 2025: revenue $2.0B (+5% year over year), operating margin 17.3%, net earnings $279M, operating cash flow $212M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +10% | +5% |
| Gross profit | $818M | +10% | +9% |
| Operating profit | $355M | +20% | +10% |
| Net earnings | $279M | +21% | -1% |
| Operating cash flow | $212M | +35% | +4% |
| Free cash flow | $151M | +39% | -10% |
What changed
Revenue was $2.0B in Q2 2025, up 5% year over year and up 10% from the previous quarter.
Gross margin was 39.9%, up 1.3 points from a year earlier. Operating profit was $0.35B, a 17.3% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 17% margin then. Operating expenses grew 8% against revenue growth of 5%. Net earnings were $0.28B, down 1% year over year. The effective tax rate was 20.5%.
Operating cash flow was $0.21B (up 4% year over year), 76% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.17B. Capital expenditures of $0.06B left free cash flow of $0.15B.
Questions
What was Dover's revenue in the second quarter 2025?
Dover (DOV) reported revenue of $2.0B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +10% from the quarter before.
Was Dover profitable in the second quarter 2025?
Operating profit was $355M (17.3% of revenue) and net earnings $279M.
Source: Dover 10-Q on SEC EDGAR.