Dover Corporation

DOVNYSEIndustrials● Active

$214.76

+$1.29(+0.60%)

Market Cap$28.9B

P/E Ratio—

52W High$237.54

52W Low$158.97

Avg Volume994K

Open$213.60

Beta1.17

Free Cash Flow Financials Revenue

Dover Corporation (DOV) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DOV · free cash flow · updated Jun 8, 2026

Core FCF metrics

DOV · FCF · TTM · margin & CAGR

Free cash flow was $1.12B for FY2025 (fiscal year ending 2025-12-31), up 92.4% year-over-year The FCF margin was 13.8%. Five-year CAGR stands at +3.5%.

FY2025 Free Cash Flow$1.12B▲ +92.4% YoY

Trailing 12M (TTM)$1.14Btrailing 4 quarters sum

FCF Margin13.8%$1.12B ÷ revenue

3-Year CAGR+24.1%FY2022 → FY2025

5-Year CAGR+3.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DOV · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.34B(220M)$1.12B▲ +92.4%13.8%

FY2024$748.4M(168M)$580.8M▼ 49.2%7.5%

FY2023$1.34B(193M)$1.14B▲ +95.6%14.9%

FY2022$805.7M(221M)$584.8M▼ 38.1%7.5%

FY2021$1.12B(171M)$944.4M▲ +0.6%11.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DOV · P/FCF · FCF yield · FCF per share

Dover Corporation (DOV) trades at a FCF yield of 3.93% and a price-to-free-cash-flow ratio of 25.9x. FCF per share stands at $8.29, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.93%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$8.29

TTM FCF ÷ Shares Outstanding

Price / FCF

x25.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x26.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DOV · cash flow statement · operating / investing / financing

For FY2025, Dover Corporation generated $1.34B in operating cash flow and spent 220M in capital expenditures, yielding $1.12B in free cash flow.

Operating Activities

+$1.34B

Cash from core business operations

2025-12-31

Investing Activities

−$886.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$624.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.34B) − |CapEx| (220M) = FCF ($1.12B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

DOV vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Dover CorporationYOU

DOV

$1.12B+92.4%13.8%

11%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Dover Corporation (DOV) reported free cash flow of $1.12B for FY2025 (fiscal year ending 2025-12-31), up 92.4% year-over-year. The FCF margin was 13.8%.

Based on available data, Dover Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.14B in FY2023. The 5-year CAGR stands at +3.5%.

Dover Corporation's FCF yield is 3.93% and price-to-FCF ratio is 25.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DOV free cash flow · 8 questions

Dover Corporation free cash flow was $1.12B for FY2025, up 92.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.14B.

DOV free cash flowDOV FCFDOV FCF 2025DOV free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Dover Corporation · Dover Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026