
Dover Corporation

DOV (Dover Corporation) trades at 3.6x EV/Revenue — attractively valued for a industrials company with solid margins (40%) and moderate growth (+6% YoY). The business is profitable at 23% EBIT margins. Forward PE of 20x.
Since 1950, the stock market has gone up in 73% of calendar years. Missing the 10 best days would cut your returns by more than half.
Gold Eagle provides data and AI-generated analysis for informational purposes only. Not investment advice. All data from public sources.
Dover Corporation operates as a diversified industrial manufacturer across three main segments: Engineered Products (specialized equipment for energy, aerospace, and defense), Clean Energy & Fuels (equipment for gas stations, vehicle wash systems, and alternative fuel infrastructure), and Climate & Sustainability Technologies (refrigeration systems and heat exchangers). The company serves end markets ranging from retail fueling and food retail to aerospace and defense, generating revenue through equipment sales, parts, and services.
Dover has been transforming its portfolio toward higher-growth end markets like clean energy infrastructure and food retail automation. The company targets mid-single digit organic growth supplemented by strategic acquisitions, with particular momentum in EV charging infrastructure and sustainable refrigeration solutions as these markets experience rapid adoption.
Dover typically maintains healthy operating margins in the mid-to-high teens range across its diversified portfolio. The company generates strong free cash flow conversion, typically 90%+ of net income, enabling consistent capital returns to shareholders through dividends and share repurchases while funding growth investments and acquisitions.
Dover competes through specialized engineering expertise and established customer relationships in niche industrial markets. Key advantages include its aftermarket service capabilities, technical innovation in mission-critical applications, and scale benefits in manufacturing. The company faces competition from both large industrials like Danaher and smaller specialized equipment manufacturers.
Without access to recent quarterly results, Dover's historical pattern shows resilience during industrial cycles. The company has been actively reshaping its portfolio through divestitures of lower-growth businesses and acquisitions in attractive end markets, particularly around sustainability and automation themes.
Dover is generally viewed as a well-managed industrial conglomerate with steady execution capabilities. Analysts typically appreciate the company's capital allocation discipline and portfolio management, though debate centers on organic growth potential and the pace of transformation toward higher-growth markets.
Dover is a diversified industrial equipment company undergoing strategic transformation toward higher-growth, sustainability-focused end markets while maintaining the cash generation and dividend reliability that characterizes quality industrial businesses.








| '25E | '26E | '27E | '28E | |
|---|---|---|---|---|
| Revenue | $8.1B | $8.6B | $9.0B | $9.4B |
| Growth | — | +6% | +5% | +4% |
| EBITDA | — | $2.0B | $2.1B | $2.2B |
| Growth | — | +5% | +4% | |
| FCF | $1.1B | — | — | — |
| Margin | 14% | — |
OPW Retail Fueling 71SO Segmented Overfill Prevention Valve Earns CARB EVR Certification
Dover Corporation (DOV) Presents at JPMorgan Industrials Conference 2026 Transcript
Dover Announces First Quarter 2026 Earnings Release Date, Conference Call and Webcast
Dover to Present at the J.P. Morgan Industrials Conference
Hillphoenix Expands CO2 Portfolio with Next Generation Flex Mini for Food Retail and Industrial Markets
| — |
| — |
| EPS (PF) | $9.59 | $10.60 | $11.56 | $12.57 |
| Growth | — | +11% | +9% | +9% |