Dover (DOV) Gross Margin (2009 - 2026)
Dover (DOV) reported Gross Margin of 38.86% for Q1 2026, down 109.0% on a YoY basis from 431.83% in Q1 2025, and down 0.61% quarter-over-quarter from 39.1% in Q4 2025.
Dover (DOV) Gross Margin (2009 - 2026) Analysis & Trends
Dover has reported Gross Margin for 18 years, with the latest figure at 38.86% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 109.0% year-over-year to 38.86%; the trailing twelve-month figure through Mar 2026 stood at 39.5% (up 59.0% YoY), and the FY2025 full-year result was 39.77%, up 157.0% from the prior year.
- Gross Margin for Q1 2026 stood at 38.86%, down from 39.1% in the prior quarter.
- The five-year high for Gross Margin was 41.19% in Q4 2022, with the low at 35.8% in Q3 2022.
- Historically, Gross Margin has averaged 38.1% across 5 years, with a median of 38.48% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin surged 492 bps — and 2023, when it slumped 345 bps.
- Dover's Gross Margin stood at 41.19% in 2022, then declined by 8 bps to 37.74% in 2023, then advanced by 2 bps to 38.64% in 2024, then advanced by 1 bps to 39.1% in 2025, then declined by 1 bps to 38.86% in 2026.
- The last three Gross Margin figures came in at 38.86% (Q1 2026), 39.1% (Q4 2025), and 40.12% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 19.07% |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 35.59% |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 36.77% |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 26.71% |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 53.09% |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 43.82% |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 37.21% |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 50.25% |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 38.86% |
| 10 | Ingersoll Rand | 28.28 Bn | 27.07 Bn | 792.40 Mn | 42.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.86% |
| Dec 31, 2025 | 39.10% |
| Sep 30, 2025 | 40.12% |
| Jun 30, 2025 | 39.92% |
| Mar 31, 2025 | 39.95% |
| Dec 31, 2024 | 38.64% |
| Sep 30, 2024 | 38.48% |
| Jun 30, 2024 | 38.62% |
| Mar 31, 2024 | 37.01% |
| Dec 31, 2023 | 37.74% |
| Sep 30, 2023 | 37.75% |
| Jun 30, 2023 | 36.13% |
| Mar 31, 2023 | 35.93% |
| Dec 31, 2022 | 41.19% |
| Sep 30, 2022 | 35.80% |
| Jun 30, 2022 | 36.19% |
| Mar 31, 2022 | 36.22% |
| Dec 31, 2021 | 36.27% |
| Sep 30, 2021 | 37.39% |
| Jun 30, 2021 | 38.01% |