Dover (DOV) Net Margin %

: 14.07% (As of Dec. 2023)

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Net margin is calculated as Net Income divided by its Revenue. Dover's Net Income for the three months ended in Dec. 2023 was $296 Mil. Dover's Revenue for the three months ended in Dec. 2023 was $2,106 Mil. Therefore, Dover's net margin for the quarter that ended in Dec. 2023 was 14.07%.

The historical rank and industry rank for Dover's Net Margin % or its related term are showing as below:

DOV' s Net Margin % Range Over the Past 10 Years
Min: 8.16 Med: 11.07 Max: 14.21
Current: 12.52

DOV's Net Margin % is ranked better than
81.02% of 2971 companies
in the Industrial Products industry
Industry Median: 5.22 vs DOV: 12.52

Dover Net Margin % Historical Data

The historical data trend for Dover's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Dover Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

9.50

10.23

14.21

12.52

Dover Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %																12.32	10.99	11.53	13.46	14.07

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Dover's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dover Net Margin % Distribution

For the Industrial Products industry and Industrials sector, Dover's Net Margin % distribution charts can be found below:

* The bar in red indicates where Dover's Net Margin % falls into.

Dover Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Dover's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1056.828	/	8438.134
	=	12.52 %

Dover's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	296.262	/	2105.757
	=	14.07 %

Dover (NYSE:DOV) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Dover Net Margin % Related Terms

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Dover (DOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dover Corp (NYSE:DOV) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

DOV:Germany DOV:Germany

Address

3005 Highland Parkway, Downers Grove, IL, USA, 60515

Website

https://www.dovercorporation.com

Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.

Executives

Brad M Cerepak	officer: Senior Vice President and CFO	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Anthony K Kosinski	officer: Vice President, Tax	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Marc A Howze	director	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Danita K Ostling	director	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Michael Mark Manley	director	1000 CHRYSLER DRIVE, CIMS 485-09-96, AUBURN HILLS MI 48326
David J. Malinas	officer: SVP, Operations	36411 SOUTH PARK DRIVE, AVON OH 44011
Richard J Tobin	director, officer: CEO and President	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kristiane C Graham	director	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ivonne M Cabrera	officer: SVP and General Counsel	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kimberly Bors	officer: SVP, Human Resources	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ryan Paulson	officer: VP, Controller	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
James M Moran	officer: Vice President, Treasurer	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Girish Juneja	officer: SVP, Chief Digital Officer	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Deborah L Dehaas	director	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Mary A Winston	director	557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012