DOVER Corp

DOV 10-Q · Q1 2026

DOV Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 2,053,623 1,866,059 +10.1%
Show Business Segments breakouts
Clean Energy & Fueling · Operating Segments 554,809 491,148 +13.0%
Climate & Sustainability Technologies · Operating Segments 411,060 347,888 +18.2%
Engineered Products · Operating Segments 266,639 254,646 +4.7%
Imaging & Identification · Operating Segments 285,420 280,090 +1.9%
Pumps & Process Solutions · Operating Segments 537,810 493,573 +9.0%
Show Geography breakouts
Americas 169,581 159,896 +6.1%
Asia 216,073 208,732 +3.5%
Europe 447,773 397,291 +12.7%
Other 77,479 77,023 +0.6%
US 1,142,717 1,023,117 +11.7%
Show Consolidation Items breakouts
Intersegment Elimination -2,115 -1,286 -64.5%
Operating Segments 2,055,738 1,867,345 +10.1%
Cost of Revenue 1,255,488 1,120,559 +12.0%
Gross Profit 798,135 745,500 +7.1%
Selling, General & Administrative 492,226 449,191 +9.6%
Operating Income 305,909 296,309 +3.2%
Interest Expense 29,522 27,608 +6.9%
Interest Income Other -14,060 -20,254 +30.6%
Other Non-Operating Income (Expense) -8,455 -3,958 -113.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income -64 -195 +67.2%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -506 -408 -24.0%
Income Loss Attributable To Parent 298,902 295,381 +1.2%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 570 603 -5.5%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 263 479 -45.1%
Income Tax Expense (Benefit) 60,153 56,140 +7.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 122 132 -7.6%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 61 78 -21.8%
Income Loss From Continuing Operations 238,749 239,241 -0.2%
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity -316 -8,420 +96.2%
Net Income 238,433 230,821 +3.3%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 448 471 -4.9%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 202 401 -49.6%
Retained Earnings 238,433 230,821 +3.3%
Income Loss From Continuing Operations Per Basic Share 1.77 1.74 +1.7%
Income Loss From Continuing Operations Per Diluted Share 1.76 1.73 +1.7%
EPS (Basic) 1.77 1.68 +5.4%
EPS (Diluted) 1.75 1.67 +4.8%
Wtd Avg Shares (Basic) 134,977 137,267 -1.7%
Wtd Avg Shares (Diluted) 135,895 138,260 -1.7%
Income Before Taxes (Q)
Show Business Segments breakouts
Clean Energy & Fueling · Operating Segments 99,041 85,644 +15.6%
Climate & Sustainability Technologies · Operating Segments 63,995 52,119 +22.8%
Engineered Products · Operating Segments 44,991 44,114 +2.0%
Imaging & Identification · Operating Segments 77,457 77,575 -0.2%
Pumps & Process Solutions · Operating Segments 169,492 151,275 +12.0%
Show Consolidation Items breakouts
Operating Segments 454,976 410,727 +10.8%
Comprehensive Income 217,807 280,999 -22.5%
Other Comprehensive Income -20,626 50,178 -141.1%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -20,626 50,178 -141.1%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 1,781 -956 +286.3%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,641,916 1,805,320 -9.1%
Accounts Receivable 1,444,558 1,379,232 +4.7%
Inventory 1,370,836 1,209,291 +13.4%
Prepaid Expenses & Other Current Assets 219,425 159,787 +37.3%
Total Current Assets 4,676,735 4,553,630 +2.7%
Non-Current Assets
Property, Plant & Equipment 1,114,380 1,015,834 +9.7%
Goodwill 5,401,395
Show Business Segments breakouts
Clean Energy & Fueling 1,751,116
Climate & Sustainability Technologies 512,860
Engineered Products 428,172
Imaging & Identification 1,111,689
Pumps & Process Solutions 1,597,558
Other Non-Current Assets 611,842 554,940 +10.3%
Total Assets 13,506,680 12,648,548 +6.8%
Show Business Segments breakouts
Clean Energy & Fueling · Operating Segments 3,619,224 3,623,154 -0.1%
Climate & Sustainability Technologies · Operating Segments 1,525,201 1,361,973 +12.0%
Engineered Products · Operating Segments 1,102,991 1,075,309 +2.6%
Imaging & Identification · Operating Segments 1,840,238 1,787,282 +3.0%
Pumps & Process Solutions · Operating Segments 3,443,584 2,674,855 +28.7%
Show Consolidation Items breakouts
Corporate Non Segment 1,975,442 2,125,975 -7.1%
Intangible Assets 1,605,640 1,467,189 +9.4%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 1,247,266 1,159,763 +7.5%
Distribution Rights 8,536 12,703 -32.8%
Other Intangible Assets 19,809 10,500 +88.7%
Patents 46,760 53,889 -13.2%
Trademarks 125,688 124,051 +1.3%
Unpatented Technology 157,581 106,283 +48.3%
Other Assets
Intangible Assets Net Excluding Goodwill 1,702,328 1,563,732 +8.9%
Current Liabilities
Short Term Borrowings 692,848
Accounts Payable 975,514 844,063 +15.6%
Employee Related Liabilities Current 186,315 180,052 +3.5%
Deferred Revenue 163,428 217,371 -24.8%
Accrued Insurance Current 84,354 87,903 -4.0%
Other Liabilities Current 361,786 345,094 +4.8%
Accrued Income Taxes Current 42,875 64,188 -33.2%
Total Current Liabilities 2,507,120 2,138,933 +17.2%
Deferred Revenue (Current) 163,428 217,371 -24.8%
Current Portion of Long-Term Debt -692,848
Non-Current Liabilities
Long-Term Debt 2,597,265 2,572,540 +1.0%
Deferred Tax Liabilities 443,032 333,618 +32.8%
Other Non-Current Liabilities 469,377 459,532 +2.1%
Long-Term Debt 3,290,113 2,972,119 +10.7%
Show Debt Instrument breakouts
0.750% 8-year notes due November 4, 2027 (euro-denominated) 576,532 537,351 +7.3%
1.25% 10-year notes due November 9, 2026 (euro-denominated) 692,848 645,730 +7.3%
2.950% 10-year notes due November 4, 2029 298,639 298,260 +0.1%
3.50% 8-year notes due November 12, 2033 (euro-denominated) 630,167
5.375% 30-year debentures due October 15, 2035 297,619 297,370 +0.1%
5.375% 30-year notes due March 1, 2041 345,879 345,603 +0.1%
6.60% 30-year notes due March 15, 2038 248,647 248,534 0.0%
6.65% 30-year debentures due June 1, 2028 199,782 199,682 +0.1%
Contract With Customer Liability Noncurrent 6,087 4,124 +47.6%
Stockholders' Equity
Total Stockholders' Equity 7,489,886 7,137,767 +4.9%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -195,580 -277,598 +29.5%
Additional Paid In Capital 841,809 907,471 -7.2%
Common Stock 260,405 260,117 +0.1%
Retained Earnings 14,388,569 13,569,055 +6.0%
Treasury Stock Common -7,805,317 -7,321,278 -6.6%
Total Liabilities & Equity 13,506,680 12,648,548 +6.8%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation & Amortization 97,421 87,418 +11.4%
Stock-Based Compensation 20,960 23,874 -12.2%
Increase Decrease In Other Operating Capital Net 5,061 1,547 +227.1%
Change in Accounts Receivable -78,959 -5,475 -1342.2%
Change in Inventory -105,517 -49,277 -114.1%
Change in Prepaid & Other Assets -31,797 -11,582 -174.5%
Change in Accounts Payable 107,984 -18,522 +683.0%
Increase Decrease In Employee Related Liabilities -104,233 -127,826 +18.5%
Increase Decrease In Accrued Liabilities 19,245 7,851 +145.1%
Increase Decrease In Accrued Income Taxes Payable 22,083 12,693 +74.0%
Net Cash Provided By Used In Operating Activities Continuing Operations 190,997 157,474 +21.3%
Investing Activities
Capital Expenditures -59,808 -48,192 -24.1%
Payments To Acquire Businesses Net Of Cash Acquired -665 -29,287 +97.7%
Other Investing Activities -1,187 -511 -132.3%
Net Cash from Investing -61,660 -74,186 +16.9%
Financing Activities
Share Repurchases -53,937 -40,700 -32.5%
Show Share Repurchase Program breakouts
August 2023 Authorization -53,937 -40,700 -32.5%
Payments Of Dividends Common Stock -70,446 -71,399 +1.3%
Tax Withholding for Share Compensation -29,704 -9,003 -229.9%
Proceeds From Payments For Other Financing Activities -7,364 -1,132 -550.5%
Net Cash from Financing -161,451 -122,234 -32.1%
Other Cash Flow
Cash Provided By Used In Operating Activities Discontinued Operations -400 -862 +53.6%
Net Cash Provided By Used In Discontinued Operations -400 -862 +53.6%
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -2,378 251 -1047.4%
Net Change in Cash -34,892 -39,557 +11.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 1,641,916 1,805,320 -9.1%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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