Dover (DOV) Tax Rate (2009 - 2026)

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

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

Dover has reported Tax Rate for 18 years, with the latest figure at 20.12% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 112.0% year-over-year to 20.12%; the trailing twelve-month figure through Mar 2026 stood at 20.38% (up 61.0% YoY), and the FY2025 full-year result was 20.14%, down 18.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 20.12%, up from 19.31% in the prior quarter.
  • The five-year high for Tax Rate was 21.49% in Q4 2024, with the low at 7.69% in Q4 2023.
  • Historically, Tax Rate has averaged 18.44% across 5 years, with a median of 19.26% in 2023.
  • Annual changes were most pronounced in 2023 — Tax Rate sank 912 bps — and 2024, when it jumped 1381 bps.
  • Dover's Tax Rate stood at 16.8% in 2022, then plunged by 54 bps to 7.69% in 2023, then soared by 180 bps to 21.49% in 2024, then declined by 10 bps to 19.31% in 2025, then grew by 4 bps to 20.12% in 2026.
  • The last three Tax Rate figures came in at 20.12% (Q1 2026), 19.31% (Q4 2025), and 21.48% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 GE Vernova 251.14 Bn 242.11 Bn 1.78 Bn 6.94%
2 Eaton 153.70 Bn 153.00 Bn 2.65 Bn 21.68%
3 Parker-Hannifin 111.44 Bn 110.97 Bn 2.02 Bn 19.21%
4 Cummins 90.06 Bn 87.33 Bn 2.24 Bn 27.19%
5 Emerson Electric 77.51 Bn 75.74 Bn 2.42 Bn 22.07%
6 Illinois Tool Works 72.86 Bn 72.03 Bn 1.76 Bn 20.58%
7 Ametek 51.86 Bn 51.38 Bn 717.56 Mn 18.99%
8 Rockwell Automation 50.08 Bn 49.71 Bn 1.13 Bn 20.23%
9 Dover 28.99 Bn 27.35 Bn 798.14 Mn 20.12%
10 Ingersoll Rand 28.28 Bn 27.07 Bn 792.40 Mn 15.70%

Historic Data

Download Data
DateValue
Mar 31, 2026 20.12%
Mar 31, 2026 20.12%
Dec 31, 2025 19.31%
Dec 31, 2025 19.31%
Sep 30, 2025 21.48%
Sep 30, 2025 21.48%
Jun 30, 2025 20.44%
Jun 30, 2025 20.44%
Mar 31, 2025 19.01%
Mar 31, 2025 19.01%
Dec 31, 2024 21.49%
Dec 31, 2024 21.49%
Sep 30, 2024 19.01%
Sep 30, 2024 19.01%
Jun 30, 2024 19.77%
Jun 30, 2024 19.77%
Mar 31, 2024 20.74%
Mar 31, 2024 20.74%
Dec 31, 2023 7.69%
Dec 31, 2023 7.69%