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Dover Corporation

DOV

Industrials · 188.98 +0.9% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Dover Corporation's current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

What changed
  • Revenue increased 10.1% versus the comparable filing period.
  • Operating margin fell 1.0 percentage points.
Company+0.9% todayVolume comparison unavailable
Market group0 of 1 activeSpecialty Industrial Machinery · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
  • DOV's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if DOV's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Specialty Industrial Machinery

The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 10.1% versus the comparable filing period.
Evidence that challenges
  • Operating margin fell 1.0 percentage points.
  • Gross margin fell 1.1 percentage points.
  • Net margin fell 0.8 percentage points.
What would clarify the read
  • DOV's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements268
Verified relationships3
Evidence supporting the case
  • Operating margin changed +1.4 percentage points in the latest annual period.
  • Data center and AI demand has repeated favorable evidence across 5 filings.
  • Demand and volume has repeated favorable evidence across 5 filings.
  • Pricing and mix has repeated favorable evidence across 5 filings.
  • Capital investment and capacity has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Net margin changed -21.3 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position
  • P/E is 26% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 35% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

188.98
6m-7.3%12m+7.6%24m+7.8%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$7.9B+18.3%$7.74-0.1%
2022-12-31$7.8B-0.8%$7.42-1.2%
2023-12-31$7.7B-2.0%$7.52-2.1%
2024-12-31$7.7B+0.8%$19.45-1.4%
2025-12-31$8.1B+4.5%$7.94-0.7%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
“The increase in earnings from continuing operations is driven by strong revenue growth in the current period partially offset by unfavorable portfolio mix, and increases in employee compensation and benefits expense and interest expense, net.”
10-Q · Jul 23, 2026 ↗
Data center and AI demandpositive · 5 filings
“The organic revenue growth was primarily driven by continued strong demand in CO 2 refrigerant systems and growth in refrigerated door case volumes, as well as accelerating demand for heat exchangers used in data center cooling and other applications.”
10-Q · Jul 23, 2026 ↗
Demand and volumepositive · 5 filings
“The organic revenue growth for the six months ended June 30, 2026 was driven by favorable demand trends in retail refrigeration and heat exchanger applications.”
10-Q · Jul 23, 2026 ↗
Pricing and mixmixed · 5 filings
“The organic revenue decline was primarily due to shipment timing for marking and coding equipment, partially offset by pricing actions.”
10-Q · Jul 23, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 3.2× · EV/sales 3.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

188.98+0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for DOV. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing presents a mixed picture

10-Q filed 2026-04-23 against the comparable filing from 2025-04-24.

mixed
OperationsmixedEvidence score 0
liquidityneutralEvidence score 0
valuationmixed

What improved

  • Revenue increased 10.1% versus the comparable filing period.

What weakened

  • Operating margin fell 1.0 percentage points.
  • Gross margin fell 1.1 percentage points.
  • Net margin fell 0.8 percentage points.

Filing receipts

“The increase was primarily driven by higher volumes, benefits from restructuring actions, and favorable pricing offsetting cost headwinds .”

“The increase was primarily driven by pricing actions, productivity initiatives and carry-over benefits from restructuring actions taken in 2025, partially offset by inflationary impacts and unfavorable mix.”

“The decrease was primarily due to lower volumes, mostly offset by favorable pricing actions and productivity initiatives.”

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind DOV

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

IRIngersoll Rand Inc.competitorFeb 13, 2026 ▾

“A summary of our key competitors within each of our segments follows: Segment Key Competitors Engineered Products Snap-On Inc.”

Depended on by

FELEFranklin Electric Co., Inc.competitorFeb 20, 2026 ▾

“The Company’s principal competitors in the petroleum equipment industry are Vontier Corporation and Dover Corporation.”

Filing peers

DD

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

DOV is currently a Leader in the organic co-movement group Specialty Industrial Machinery. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for DOV; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.