Dover Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.09B | $7.75B | $7.68B | $7.84B | $7.91B | $6.68B | $7.14B | $6.99B |
| Cost of Revenue | $4.87B | $4.79B | $4.82B | $4.94B | $4.94B | $4.21B | $4.52B | $4.43B |
| Gross Profit | $3.22B | $2.96B | $2.87B | $2.90B | $2.97B | $2.47B | $2.62B | $2.56B |
| Gross Margin | 39.8% | 38.2% | 37.3% | 37.0% | 37.6% | 37.0% | 36.7% | 36.6% |
| Operating Expenses | ||||||||
| Research & Development | $165.3M | $149.6M | $139.1M | $151.4M | $157.8M | $142.1M | $141.0M | $143.0M |
| SG&A Expense | $1.84B | $1.75B | $1.65B | $1.63B | $1.69B | $1.54B | $1.60B | $1.72B |
| Operating Income | $1.37B | $1.21B | $1.22B | $1.28B | $1.28B | $933.0M | $974.9M | $843.1M |
| Operating Margin | 17.0% | 15.6% | 15.9% | 16.3% | 16.2% | 14.0% | 13.7% | 12.1% |
| Interest Expense | — | — | $131.3M | $116.5M | $106.3M | $111.9M | $125.8M | $131.0M |
| Pretax Income | $1.37B | $1.76B | $1.12B | $1.19B | $1.40B | $841.7M | $843.0M | $725.4M |
| Income Tax Expense | $276.8M | $357.0M | $179.1M | $200.3M | $277.0M | $158.3M | $165.1M | $134.2M |
| Net Income | $1.09B | $2.70B | $1.06B | $1.07B | $1.12B | $683.5M | $677.9M | $570.3M |
| Net Margin | 13.5% | 34.8% | 13.8% | 13.6% | 14.2% | 10.2% | 9.5% | 8.2% |
| EPS (Basic) | $7.99 | $19.58 | $7.56 | $7.47 | $7.81 | $4.74 | $4.67 | $3.80 |
| EPS (Diluted) | $7.94 | $19.45 | $7.52 | $7.42 | $7.74 | $4.70 | $4.61 | $3.75 |
| Shares Outstanding (Basic) | 136.9M | 137.7M | 139.8M | 142.7M | 143.9M | 144.1M | 145.2M | 149.9M |
| Shares Outstanding (Diluted) | 137.8M | 138.7M | 140.6M | 143.6M | 145.3M | 145.4M | 147.0M | 152.1M |
| Dividends Per Share | $2.07 | $2.05 | $2.03 | $2.01 | $1.99 | $1.97 | $1.94 | $1.90 |