Dover (DOV) Tax Rate (2009 - 2026)

Dover (DOV) posted Tax Rate of 20.12% for Q1 2026, up 4.21% on a QoQ basis from 19.31% in Q4 2025, and up 112.0% year-over-year from 9.49% in Q1 2025.

Dover (DOV) Tax Rate (2009 - 2026) Analysis & Trends

Dover's Tax Rate history runs 18 years deep, the most recent figure standing at 20.12% for Q1 2026.

  • Quarterly Tax Rate rose 112.0% year-over-year to 20.12% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.38% (up 61.0% YoY) and the FY2025 annual result came in at 20.14%, down 18.0% from the prior year.
  • Tax Rate was 20.12% for Q1 2026 at Dover, up from 19.31% 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.
  • A 5-year average of 18.44% and a median of 19.26% in 2023 frame the typical range for Tax Rate.
  • Annual changes were most pronounced in 2023 — Tax Rate plunged 912 bps — and 2024, when it jumped 1381 bps.
  • Dover's 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 rose by 4 bps to 20.12% in 2026.
  • Business Quant data shows DOV's Tax Rate at 20.12% in Q1 2026, 19.31% in Q4 2025, and 21.48% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 GE Vernova 270.93 Bn 257.81 Bn 2.36 Bn 29.84
2 Eaton 156.55 Bn 155.79 Bn 2.65 Bn 21.68
3 Parker-Hannifin 124.04 Bn 123.57 Bn 2.02 Bn 19.21
4 Cummins 91.66 Bn 88.48 Bn 2.24 Bn 27.19
5 Emerson Electric 82.90 Bn 81.11 Bn 2.42 Bn 22.07
6 Illinois Tool Works 81.54 Bn 80.71 Bn 1.76 Bn 20.58
7 Ametek 55.40 Bn 54.92 Bn 717.56 Mn 18.99
8 Rockwell Automation 51.78 Bn 51.35 Bn 1.13 Bn 20.23
9 Ingersoll Rand 32.99 Bn 31.71 Bn 792.40 Mn 15.70
10 Dover 27.33 Bn 25.69 Bn 798.14 Mn 20.12

Historic Data

Download Data
DateValue
Mar 31, 2026 20.12
Mar 31, 2026 20.12
Mar 31, 2026 20.12
Dec 31, 2025 19.31
Dec 31, 2025 19.31
Dec 31, 2025 19.31
Sep 30, 2025 21.48
Sep 30, 2025 21.48
Sep 30, 2025 21.48
Jun 30, 2025 20.44
Jun 30, 2025 20.44
Jun 30, 2025 20.44
Mar 31, 2025 19.01
Mar 31, 2025 19.01
Mar 31, 2025 19.01
Dec 31, 2024 21.49
Dec 31, 2024 21.49
Dec 31, 2024 21.49
Sep 30, 2024 19.01
Sep 30, 2024 19.01