0000029905-26-000009
SEC filingDover Corporation reported strong financial performance for fiscal year 2025, with revenue of $8.09 billion and net earnings of $1.09 billion. The company generated a gross profit of $3.22 billion and operating earnings of $1.37 billion, demonstrating solid operational efficiency. Cash flow from operations was robust at $1.34 billion, supporting strategic investments including $663.3 million in acquisitions and $220.3 million in capital expenditures. The balance sheet remains healthy with total assets of $13.42 billion and stockholders' equity of $7.41 billion. The company maintained a disciplined capital allocation strategy, returning $283.0 million to shareholders through dividends and $540.7 million through share repurchases. Earnings per share were $8.00 on both basic and diluted bases. The financial results position Dover for continued growth in its diversified industrial portfolio.
Dover Corporation delivered solid financial results for fiscal year 2025, reporting revenue of $8.09 billion and net earnings of $1.09 billion. The company achieved operating earnings of $1.37 billion, representing an operating margin of 16.9%. Earnings from continuing operations were $1.10 billion, with a minor loss of $3.5 million from discontinued operations. The company generated strong cash flow from operations of $1.34 billion, which supported significant investments in growth initiatives. Basic and diluted earnings per share were both $8.00, based on weighted average shares outstanding of 136.9 million and 137.8 million respectively. The financial performance reflects effective execution across Dover's diversified industrial portfolio.
Revenue for fiscal year 2025 was $8.09 billion. The document does not provide segment-level revenue breakdown, geographic mix, or specific growth drivers beyond the aggregate financial figures presented in the XBRL data. Cost of goods and services was $4.87 billion, resulting in gross profit of $3.22 billion. The company's revenue generation supported significant operating earnings of $1.37 billion after accounting for selling, general and administrative expenses of $1.84 billion. Interest expense was $109.8 million, partially offset by interest income of $73.0 million and other income of $33.0 million.
Dover Corporation maintained healthy profitability margins in fiscal year 2025. The gross margin was 39.8%, calculated from gross profit of $3.22 billion on revenue of $8.09 billion. Operating margin was 16.9%, derived from operating earnings of $1.37 billion. The company's cost structure included selling, general and administrative expenses of $1.84 billion, representing 22.7% of revenue. Provision for income taxes was $276.8 million, resulting in an effective tax rate of approximately 20.2% on earnings before taxes of $1.37 billion. Net profit margin was 13.5%, calculated from net earnings of $1.09 billion on total revenue.
Cash flow from operations was strong at $1.34 billion, driven by net earnings of $1.09 billion and adjustments including depreciation and amortization of $379.6 million. Free cash flow, calculated as operating cash flow minus capital expenditures of $220.3 million, was $1.12 billion. Investing activities used $886.6 million, primarily for acquisitions ($663.3 million) and property additions ($220.3 million). Financing activities used $624.9 million, including dividend payments ($283.0 million) and share repurchases ($540.7 million). The balance sheet shows total assets of $13.42 billion, including current assets of $4.51 billion with cash of $1.68 billion. Total liabilities were $6.01 billion, including long-term debt of $2.62 billion and current liabilities of $2.52 billion. Stockholders' equity was $7.41 billion.
The document does not contain specific forward-looking statements, management guidance, strategic priorities, or risk factors beyond the historical financial data presented. The filing focuses on reporting fiscal year 2025 results without providing explicit outlook information for future periods. Investors should refer to other company communications for guidance on future performance expectations, strategic initiatives, and risk factors that may impact Dover Corporation's operations and financial results going forward.