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| Date | Value |
|---|---|
| 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 |