How does Dover (DOV) make money?

Dover (DOV) generates revenue primarily from Clean Energy & Fueling Segment, which accounted for 26.6% of total revenue in TTM through Q2 2026. The company reported $8.42B in revenue and converted 13.5% of it into net profit, equivalent to roughly $1.13B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Dover (DOV)?

Dover (DOV) reported a gross profit margin of 39.6% in TTM through Q2 2026, equivalent to $3.33B in gross profit on $8.42B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Dover (DOV)?

Dover (DOV) reported an operating profit margin of 16.9% in TTM through Q2 2026, equivalent to $1.42B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Dover (DOV)?

Dover (DOV) reported a net profit margin of 13.5% in TTM through Q2 2026, equivalent to $1.13B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Dover (DOV) profitable?

Yes. Dover (DOV) reported $1.13B in net income for TTM through Q2 2026, with a net profit margin of 13.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Dover (DOV) spend on capital expenditures?

Dover (DOV) spent $219M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 2.6% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Dover (DOV) generate?

Dover (DOV) generated $1.17B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 13.9%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Dover (DOV)?

Dover (DOV) had an effective tax rate of 20.1% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Dover (DOV)?

Dover (DOV) reports revenue across 5 reportable product segments, led by Clean Energy & Fueling Segment at 26.6% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Dover (DOV) generate most of its revenue?

UNITED STATES is the largest geographic market for Dover (DOV), accounting for 54.5% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Dover Makes Money: 2026 Visual Revenue Map

Dover (DOV) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 23, 2026).

Dover (DOV) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Dover (DOV), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Clean Energy & Fueling Segment	$2.24B	26.6%
Pumps & Process Solutions Segment	$2.22B	26.4%
Climate & Sustainability Technologies Segment	$1.66B	19.7%
Imaging & Identification Segment	$1.19B	14.1%
Engineered Products Segment	$1.1B	13.1%
Total	$8.42B	100%

Clean Energy & Fueling Segment$2.24B
Pumps & Process Solutions Segment$2.22B
Climate & Sustainability Technologies Segment$1.66B
Imaging & Identification Segment$1.19B
Engineered Products Segment$1.1B
Total$8.42B

Dover (DOV) Revenue by Geography — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Dover (DOV), TTM through Q2 2026
Region	Revenue (USD)	% of total
UNITED STATES	$4.59B	54.5%
Europe	$1.84B	21.9%
Asia	$938M	11.1%
Americas	$731M	8.7%
Other Geographical Area	$317M	3.8%
Total	$8.42B	100%

UNITED STATES
Europe
Asia
Americas
Other Geographical Area
Total

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Dover (DOV) reports revenue across 5 reportable product segments; the largest segment was Clean Energy & Fueling Segment at 26.6%, followed by Pumps & Process Solutions Segment (26.4%) and Climate & Sustainability Technologies Segment (19.7%). Geographically, UNITED STATES accounted for 54.5% of revenue, followed by Europe (21.9%) and Asia (11.1%).

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