Dover (FRA:DOV) Gross Profit : €2,861 Mil (TTM As of Mar. 2024)

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What is Dover Gross Profit?

Dover's gross profit for the three months ended in Mar. 2024 was €697 Mil. Dover's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was €2,861 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Dover's gross profit for the three months ended in Mar. 2024 was €697 Mil. Dover's Revenue for the three months ended in Mar. 2024 was €1,926 Mil. Therefore, Dover's Gross Margin % for the quarter that ended in Mar. 2024 was 36.16%.

Dover had a gross margin of 36.16% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Dover was 38.36%. The lowest was 36.01%. And the median was 36.89%.

Dover Gross Profit Historical Data

The historical data trend for Dover's Gross Profit 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.

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Dover Gross Profit Chart

Dover Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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2,358.84

2,033.64

2,628.26

2,892.00

2,828.61

Dover Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															697.72	700.41	743.06	720.55	696.68

Competitive Comparison of Dover's Gross Profit

For the Specialty Industrial Machinery subindustry, Dover's Gross Profit, along with its competitors' market caps and Gross Profit 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's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dover's Gross Profit distribution charts can be found below:

* The bar in red indicates where Dover's Gross Profit falls into.

Dover Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

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

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	7737.769	-	4909.161
	=	2,829

Dover's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	1926.426	-	1229.751
	=	697

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,861 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Dover's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	697	/	1926.426
	=	36.16 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Dover (FRA:DOV) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Dover had a gross margin of 36.16% for the quarter that ended in Mar. 2024 => Competition eroding margins

Dover Gross Profit Related Terms

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Dover (FRA:DOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dover Corp (FRA:DOV) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

DOV:USA 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.