Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Dover Corporation

DOV stock analysis · Industrials · Industrial Machinery & Supplies & Components

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$224.28HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$30.2B

Price × SEC outstanding shares. Shares measured 2026-04-17. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$126.07

Equity cash-flow scenario · SEC outstanding shares at 2026-04-17 · -43.8% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

19.4%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

21.1%

12 industry peers · median 33.4×

How this is calculated ↗
Valuation

Historical multiples

24.4×

7 annual observations · snapshot P/E 27.6× · 13.4% versus history

How this is calculated ↗
Valuation

Free cash flow yield

3.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

11.9%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation)

How this is calculated ↗
Valuation

Value composite

63/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

7.3%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-1.9%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

2.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.3B2020-12-31: cfo $1,104,810,000.002020-12-31: capex $165,692,000.0020202021-12-31: cfo $1,115,865,000.002021-12-31: capex $171,465,000.0020212022-12-31: cfo $805,724,000.002022-12-31: capex $211,082,000.0020222023-12-31: cfo $1,336,345,000.002023-12-31: capex $183,406,000.0020232024-12-31: cfo $1,087,833,000.002024-12-31: capex $167,533,000.0020242025-12-31: cfo $1,338,005,000.002025-12-31: capex $220,263,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$158.13$172.53$188.02
10.0%$115.88$126.07$137.02
12.0%$91.42$99.20$107.54

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-318.1B1.1B1.3B220.3M13.4B
2024-12-317.7B2.7B1.1B167.5M12.5B
2023-12-317.7B1.1B1.3B183.4M11.3B
2022-12-317.8B1.1B805.7M211.1M10.9B
2021-12-317.9B1.1B1.1B171.5M10.4B
2020-12-316.7B683.5M1.1B165.7M9.2B
2019-12-317.1B677.9M945.3M186.8M8.7B
2018-12-317B570.3M789.2M171M8.4B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue8.1BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-13
netIncome1.1BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-13
Parent/common earnings proxy1.1BNetIncomeLoss2026-02-13
cfo1.3BNetCashProvidedByUsedInOperatingActivitiesContinuingOperations2026-02-13
capex220.3MPaymentsToAcquirePropertyPlantAndEquipment2026-02-13
operatingIncome1.4BOperatingIncomeLoss2026-02-13
assets13.4BAssets2026-02-13
equity7.4BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-13
Parent book equity proxy7.4BStockholdersEquity2026-02-13
debt3.3BLongTermDebt2026-02-13
shortDebt706.7MShortTermBorrowings2026-02-13
cash1.7BCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents2026-02-13
shares137.8MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-13
dividends283MPaymentsOfDividendsCommonStock2026-02-13
buybacks540.7MPaymentsForRepurchaseOfCommonStock2026-02-13
issuanceNot reported under a supported tag