Dover (DOV) Gross Margin (2009 - 2026)
Dover (DOV) posted Gross Margin of 38.86% for Q1 2026, down 0.61% on a QoQ basis from 39.1% in Q4 2025, and down 109.0% year-over-year from 431.83% in Q1 2025.
Dover (DOV) Gross Margin (2009 - 2026) Analysis & Trends
Dover's Gross Margin history runs 18 years deep, the most recent figure standing at 38.86% for Q1 2026.
- Quarterly Gross Margin fell 109.0% year-over-year to 38.86% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 39.5% (up 59.0% YoY) and the FY2025 annual result came in at 39.77%, up 157.0% from the prior year.
- Gross Margin was 38.86% for Q1 2026 at Dover, down from 39.1% in the prior quarter.
- Across five years, Gross Margin topped out at 41.19% in Q4 2022 and bottomed at 35.8% in Q3 2022.
- A 5-year average of 38.1% and a median of 38.48% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin surged 492 bps — and 2023, when it sank 345 bps.
- Dover's Gross Margin stood at 41.19% in 2022, then retreated by 8 bps to 37.74% in 2023, then grew by 2 bps to 38.64% in 2024, then grew by 1 bps to 39.1% in 2025, then retreated by 1 bps to 38.86% in 2026.
- Business Quant data shows DOV's Gross Margin at 38.86% in Q1 2026, 39.1% in Q4 2025, and 40.12% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 21.25% |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 35.59% |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 36.77% |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 26.71% |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 53.09% |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 43.82% |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 37.21% |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 50.25% |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 42.90% |
| 10 | Dover | 27.33 Bn | 25.69 Bn | 798.14 Mn | 38.86% |
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% |