Dover Corporation (DOV) FY2025 10-K Annual Report

Filed: Feb 13, 2026
Industrials
Construction, Mining & Materials Handling Machinery & EquipSEC EDGAR

Dover Corporation (DOV) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Dover Corporation FY2025 10-K Analysis

Business Overview

  • Core business model: diversified global manufacturer providing equipment, components, software, and services across five operating segments
  • Discontinued Environmental Solutions Group business for $2.0 billion, reflecting strategic shift and reclassification to discontinued operations
  • Clean Energy & Fueling segment emphasizes clean fuels (LNG, hydrogen, EV charging) and hazardous substance management solutions
  • Employee count approximately 24,000 worldwide, reflecting global operational scale
  • Segment restructuring improves management efficiency, strategic alignment, and external performance transparency

Management Discussion & Analysis

  • Organic revenue U.S. up 3.3% YoY, Asia up 3.4%, Europe down 0.9%, Other Americas down 4.3%
  • Bookings $8.1B, up 6.0% YoY, growth in all segments except Engineered Products
  • Restructuring costs $78M, including $56.7M charges and $21.2M other costs, mainly Climate & Sustainability, Clean Energy segments
  • No profitability, margin, or cash flow details disclosed in provided text

Risk Factors

  • No specific regulatory or legal risk detailed in the provided text
  • No explicit geopolitical or macroeconomic threat mentioned in the text
  • Cybersecurity risk managed by CDO and CISO with annual Board briefings, highlighting focus on incident response and recovery plans
  • No named competitor or technology market disruption risks disclosed
  • Key-person dependency risk on CDO with 30+ years IT experience and CISO with 25+ years cybersecurity expertise

Dover Corporation FY2025 Key Financial Metrics
XBRL

Revenue

$8.1B

+4.5% YoY

Net Income

$1.1B

-59.4% YoY

Gross Margin

39.8%

+157bp YoY

Operating Margin

17.0%

+140bp YoY

Net Margin

13.5%

-2130bp YoY

ROE

14.8%

-2401bp YoY

Total Assets

$13.4B

+7.3% YoY

EPS (Diluted)

$7.94

-59.2% YoY

Operating Cash Flow

$1.3B

+23.0% YoY

Source: XBRL data from Dover Corporation FY2025 10-K filing on SEC EDGAR. All figures in USD.

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