10-K annual report · filed Feb 13, 2026

Dover Corporation (DOV) FY2025 10-K Annual Report

Short answer

Dover Corporation (DOV) filed its fiscal 2025 10-K annual report with the SEC on Feb 13, 2026. It reported revenue of $8.1B (+4.5% year over year) and net income of $1.1B.

  • Top risk flagged: No explicit geopolitical or macroeconomic threat mentioned in the text

FY2025 key financial metrics · XBRL

Revenue
$8.1B
+4.5% YoY
Net income
$1.1B
−59.4% YoY
Operating margin
17.0%
+1.4 pp YoY
Gross margin
39.8%
+1.6 pp YoY
EPS (diluted)
$7.94
−59.2% YoY
ROE
14.8%
−24.0 pp YoY
Operating cash flow
$1.3B
+23.0% YoY

Source: XBRL data from the Dover Corporation (DOV) FY2025 10-K on SEC EDGAR. USD.

Dover Corporation FY2025 10-K analysis

AI summary of each section, grounded in the filing text

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 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

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