Filing Flows › Dover (DOV) › Q4 2025
Dover (DOV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Dover (DOV) reported revenue of $2.1B for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +1% from the quarter before. Operating margin was 16.5%, net earnings $282M (13.4% of revenue).
Dover, Q4 2025: revenue $2.1B (+9% year over year), operating margin 16.5%, net earnings $282M, operating cash flow $544M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +1% | +9% |
| Gross profit | $821M | -2% | +10% |
| Operating profit | $345M | -8% | +17% |
| Net earnings | $282M | -7% | -80% |
| Operating cash flow | $544M | +28% | +24% |
| Free cash flow | $487M | +32% | +26% |
What changed
Revenue was $2.1B in Q4 2025, up 9% year over year and up 1% from the previous quarter.
Gross margin was 39.1%, up 0.5 points from a year earlier. Operating profit was $0.35B, a 16.5% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 15% margin then. Operating expenses grew 6% against revenue growth of 9%. Net earnings were $0.28B, down 80% year over year. The effective tax rate was 18.9%.
Operating cash flow was $0.54B (up 24% year over year), 193% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.16B. Capital expenditures of $0.06B left free cash flow of $0.49B.
Questions
What was Dover's revenue in the fourth quarter 2025?
Dover (DOV) reported revenue of $2.1B for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +1% from the quarter before.
Was Dover profitable in the fourth quarter 2025?
Operating profit was $345M (16.5% of revenue) and net earnings $282M.
Source: Dover 10-K on SEC EDGAR.