Dover (DOV) Operating Margin (2009 - 2026)
Dover (DOV) recorded Operating Margin of 17.89% in Q2 2026, up 0.59 percentage points from 17.30% a year earlier and up 2.99 percentage points from the prior quarter.
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Analysis
Dover (DOV) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Dover's Operating Margin came in at 16.87% as of Jun 30, 2026, up 0.52 percentage points year-over-year; for FY2025, it came in at 16.97%, up 1.40 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +3.01 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 15.57% in FY2024 (-0.29 pp), 15.87% in FY2023 (-0.45 pp), 16.31% in FY2022 (+0.11 pp) and 16.21% in FY2021 (+2.25 pp).
- Quarterly Operating Margin has ranged from 13.49% in Q1 2024 to 18.15% in Q3 2025 over the past five years.
- On a year-over-year basis, Operating Margin rose in five of the last eight quarters, with an average year-over-year change of +0.51 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 2.93 percentage points in Q4 2022, against a drop of 2.14 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 14.90% (Q1 2026), 16.45% (Q4 2025) and 18.15% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 340.90 Bn | 312.60 Bn | 7.76 Bn | 20.91% |
| 2 | Amphenol | 196.68 Bn | 191.26 Bn | 3.55 Bn | 29.51% |
| 3 | Deere | 170.46 Bn | 138.55 Bn | 4.66 Bn | 14.72% |
| 4 | Eaton | 153.43 Bn | 150.61 Bn | 2.86 Bn | 16.32% |
| 5 | Parker-Hannifin | 121.55 Bn | 119.67 Bn | 2.25 Bn | 23.86% |
| 6 | Emerson Electric | 91.88 Bn | 84.61 Bn | 2.66 Bn | 26.92% |
| 7 | 3M | 89.23 Bn | 70.67 Bn | 2.78 Bn | 23.66% |
| 8 | Vertiv Holdings | 82.29 Bn | 72.92 Bn | 1.23 Bn | 19.48% |
| 9 | Illinois Tool Works | 79.36 Bn | 75.92 Bn | 1.90 Bn | 26.67% |
| 10 | Dover | 26.78 Bn | 20.16 Bn | 880.61 Mn | 17.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.89% |
| Mar 31, 2026 | 14.90% |
| Dec 31, 2025 | 16.45% |
| Sep 30, 2025 | 18.15% |
| Jun 30, 2025 | 17.30% |
| Mar 31, 2025 | 15.88% |
| Dec 31, 2024 | 15.29% |
| Sep 30, 2024 | 16.82% |
| Jun 30, 2024 | 16.60% |
| Mar 31, 2024 | 13.49% |
| Dec 31, 2023 | 16.01% |
| Sep 30, 2023 | 17.18% |
| Jun 30, 2023 | 15.45% |
| Mar 31, 2023 | 15.13% |
| Dec 31, 2022 | 17.15% |
| Sep 30, 2022 | 17.16% |
| Jun 30, 2022 | 16.53% |
| Mar 31, 2022 | 14.59% |
| Dec 31, 2021 | 14.22% |
| Sep 30, 2021 | 16.95% |
API Access
Dover Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=DOV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "DOV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=DOV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();