Dover (DOV) Tax Rate (2009 - 2026)
Dover's (DOV) quarterly Tax Rate came in at 19.38% in Q2 2026, down 106.0% on a YoY basis from 323.07% in Q2 2025, and down 3.68% quarter-over-quarter from 20.12% in Q1 2026.
Analysis
Dover (DOV) Tax Rate (2009 - 2026) Analysis & Trends
Dover (DOV) has reported Tax Rate for 18 consecutive years, with 19.38% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 106.0% year-over-year to 19.38%; the trailing twelve-month figure through Jun 2026 stood at 20.1% (up 15.0% YoY), and the FY2025 full-year result was 20.14%, down 18.0% from the prior year.
- Tax Rate eased to 19.38% in Q2 2026 per DOV's latest filing, from 20.12% in the prior quarter.
- Across five years, Tax Rate topped out at 21.49% in Q4 2024 and bottomed at 7.69% in Q4 2023.
- Historically, Tax Rate has averaged 18.5% across 5 years, with a median of 19.29% in 2023.
- The sharpest annual moves came in 2023 and 2024: Tax Rate slumped 912 bps in 2023, then surged 1381 bps in 2024.
- Over 5 years, Tax Rate stood at 16.8% in 2022, then slumped by 54 bps to 7.69% in 2023, then surged by 180 bps to 21.49% in 2024, then retreated by 10 bps to 19.31% in 2025, then climbed by 0 bps to 19.38% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 19.38%, 20.12%, and 19.31% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 84.63 Bn | 81.30 Bn | 2.68 Bn | 16.34% |
| 2 | Illinois Tool Works | 75.96 Bn | 75.12 Bn | 1.90 Bn | 24.54% |
| 3 | Ametek | 53.68 Bn | 53.19 Bn | 735.04 Mn | 17.36% |
| 4 | Rockwell Automation | 46.83 Bn | 46.35 Bn | 1.14 Bn | 13.19% |
| 5 | Mettler Toledo International | 25.77 Bn | 25.72 Bn | 650.22 Mn | 19.52% |
| 6 | Dover | 25.23 Bn | 23.47 Bn | 880.61 Mn | 19.38% |
| 7 | Nordson | 17.11 Bn | 17.00 Bn | 453.73 Mn | 17.80% |
| 8 | Fortive | 16.56 Bn | 16.19 Bn | 695.30 Mn | 12.37% |
| 9 | RBC Bearings | 15.05 Bn | 14.92 Bn | 247.80 Mn | 22.04% |
| 10 | Regal Rexnord | 10.42 Bn | 9.97 Bn | 611.60 Mn | 18.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.38% |
| Mar 31, 2026 | 20.12% |
| Dec 31, 2025 | 19.31% |
| Sep 30, 2025 | 21.48% |
| Jun 30, 2025 | 20.44% |
| Mar 31, 2025 | 19.01% |
| Dec 31, 2024 | 21.49% |
| Sep 30, 2024 | 19.01% |
| Jun 30, 2024 | 19.77% |
| Mar 31, 2024 | 20.74% |
| Dec 31, 2023 | 7.69% |
| Sep 30, 2023 | 17.68% |
| Jun 30, 2023 | 19.26% |
| Mar 31, 2023 | 20.16% |
| Dec 31, 2022 | 16.80% |
| Sep 30, 2022 | 18.98% |
| Jun 30, 2022 | 13.64% |
| Mar 31, 2022 | 17.97% |
| Dec 31, 2021 | 21.26% |
| Sep 30, 2021 | 19.47% |