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