Filing Flows › Dover (DOV) › Q3 2025
Dover (DOV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 23, 2025
Dover (DOV) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +1% from the quarter before. Operating margin was 18.2%, net earnings $302M (14.5% of revenue).
Dover, Q3 2025: revenue $2.1B (+5% year over year), operating margin 18.2%, net earnings $302M, operating cash flow $424M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +1% | +5% |
| Gross profit | $834M | +2% | +9% |
| Operating profit | $377M | +6% | +13% |
| Net earnings | $302M | +8% | -13% |
| Operating cash flow | $424M | +100% | +20% |
| Free cash flow | $370M | +144% | +17% |
What changed
Revenue was $2.1B in Q3 2025, up 5% year over year and up 1% from the previous quarter.
Gross margin was 40.1%, up 1.6 points from a year earlier. Operating profit was $0.38B, a 18.2% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 46% reached operating profit, above the 17% margin then. Operating expenses grew 6% against revenue growth of 5%. Net earnings were $0.30B, down 13% year over year. The effective tax rate was 21.5%.
Operating cash flow was $0.42B (up 20% year over year), 140% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.05B left free cash flow of $0.37B.
Questions
What was Dover's revenue in the third quarter 2025?
Dover (DOV) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +1% from the quarter before.
Was Dover profitable in the third quarter 2025?
Operating profit was $377M (18.2% of revenue) and net earnings $302M.
Source: Dover 10-Q on SEC EDGAR.