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Dover Corporation (DOV)
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Dover Corporation (DOV) Operating Margin: 16.97%

Is Dover Corporation’s operating margin high or low?

Dover Corporation's operating margin of 16.97% is in line with its 5-year average of 15.81%, near the high end of its 5-year range (13.96%–16.97%).

The operating margin for Dover Corporation (DOV) is 16.97% as of Tuesday, June 9, 2026. It is above its 12-month average by 4.30% (16.27%).

DOV Operating Margin Chart

DOV Operating Margin
16.97%+8.99% 1Y
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DOV Average Operating Margin Chart

DOV Current vs Average Operating Margin Chart

DOV Operating Margin Metrics

OPERATING MARGIN

16.97%

OPERATING MARGIN AVG TTM

16.27%

OPERATING MARGIN AVG 3Y

16.18%

OPERATING MARGIN AVG 5Y

15.81%

OPERATING MARGIN AVG 10Y

14.31%

OPERATING MARGIN AVG 15Y

14.73%

OPERATING MARGIN AVG 20Y

14.28%

CURRENT VS TTM AVG

+4.30%

CURRENT VS 3Y AVG

+4.88%

CURRENT VS 5Y AVG

+7.30%

CURRENT VS 10Y AVG

+18.59%

CURRENT VS 15Y AVG

+15.21%

CURRENT VS 20Y AVG

+18.86%

DOV Competitors' Operating Margin

NAMEMARKET CAPOPERATING MARGINTTM3Y5Y
Dover Corporation (DOV)16.97%16.27%16.18%15.81%
Xylem Inc. (XYL)$26.35B13.54%12.66%11.36%10.70%
Paychex, Inc. (PAYX)$35.93B39.62%40.41%40.33%38.91%
Axon Enterprise, Inc. (AXON)$36.47B-2.23%0.29%4.66%-0.46%
Fortive Corporation (FTV)$19.14B17.67%18.27%18.13%17.06%
Generac Holdings Inc. (GNRC)$15.36B6.87%9.68%10.34%13.33%
Pentair plc (PNR)$12.05B20.53%20.11%18.17%17.48%
Gartner, Inc. (IT)$10.54B15.79%17.12%18.82%17.76%
Rockwell Automation, Inc. (ROK)$51.24B17.06%16.18%17.07%15.99%
Old Dominion Freight Line, Inc. (ODFL)$51.73B24.76%25.66%27.17%26.29%

Operating Efficiency

Gross Margin

39.8%

Operating Margin

17.0%

Dover Corporation Operating Margin Formula & Definition

Operating Margin = Operating Income / Revenue

Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Dover Corporation Operating Margin FAQ

What is the operating margin for Dover Corporation (DOV)?
The operating margin for DOV stock is 16.97%.
Is Dover Corporation's operating margin high or low?
Dover Corporation's operating margin of 16.97% is in line with its 5-year average of 15.81%, near the high end of its 5-year range (13.96%–16.97%).
What is the TTM average operating margin for Dover Corporation (DOV)?
The TTM average operating margin for DOV stock is 16.27%.
What is the 3Y average operating margin for Dover Corporation (DOV)?
The 3Y average operating margin for DOV stock is 16.18%.
What is the 5Y average operating margin for Dover Corporation (DOV)?
The 5Y average operating margin for DOV stock is 15.81%.
What is the 10Y average operating margin for Dover Corporation (DOV)?
The 10Y average operating margin for DOV stock is 14.31%.
What is the 15Y average operating margin for Dover Corporation (DOV)?
The 15Y average operating margin for DOV stock is 14.73%.
What is the 20Y average operating margin for Dover Corporation (DOV)?
The 20Y average operating margin for DOV stock is 14.28%.

Dover Corporation Operating Margin History

DATEOPERATING MARGIN
2025-12-3116.97%
2024-12-3115.57%
2023-12-3115.87%
2022-12-3116.31%
2021-12-3116.21%
2020-12-3113.96%
2019-12-3113.66%
2018-12-3112.06%
2017-12-3111.83%
2016-12-3111.73%
2015-12-3113.24%
2014-12-3115.68%
2013-12-3116.24%
2012-12-3115.98%
2011-12-3115.25%
2010-12-3115.11%
2009-12-3110.18%
2008-12-3113.60%
2007-12-3113.57%
2006-12-3114.19%
2005-12-3112.62%
2004-12-3112.24%
2003-12-3110.06%
2002-12-318.26%
2001-12-317.43%
2000-12-3116.07%
1999-12-3114.33%
1998-12-3113.37%
1997-12-3114.16%
1996-12-3114.08%

About Dover Corporation

Dover Corporation operates as a global enterprise, supplying a wide array of industrial equipment, essential components, consumable products, replacement parts, software and digital platforms, and comprehensive support services. Its Engineered Products division delivers diverse machinery, parts, software, and solutions tailored for various industries, including automotive aftermarket service, waste management, industrial automation, aerospace and defense, heavy-duty winching and hoisting, and fluid dispensing. This segment also manufactures specific items such as manual and power clamps, rotary and linear mechanical indexers, conveyors, robotic pick-and-place units, glove ports, manipulators, and end-of-arm tooling like grippers, slides, and end effectors. The Clean Energy & Fueling segment focuses on providing components, equipment, software, and services crucial for the secure transportation of both traditional and sustainable fuels, along with other hazardous materials, throughout the supply chain. It further supports the operations of convenience retail outlets, fuel stations, and vehicle wash establishments. Through its Imaging and Identification segment, Dover offers solutions for precision marking and coding, intelligent packaging, product traceability, brand protection, and digital textile printing equipment. These offerings, along with associated consumables, software, and services, cater to markets like packaged and consumer goods, pharmaceuticals, industrial manufacturing, and fashion and apparel. The Pumps and Process Solutions segment is responsible for producing specialized pumps, connectors, flow meters, fluid connection systems, plastics and polymer processing machinery, and custom-engineered components for rotating and reciprocating equipment. Finally, the Climate & Sustainability Technologies segment manufactures advanced refrigeration systems, commercial refrigeration display cases, glass doors for refrigerators and freezers, and brazed plate heat exchangers, serving applications in industrial heating and cooling as well as residential climate control. Dover distributes its extensive product portfolio through both direct sales channels and a broad network of distributors. The company was founded in 1947 and maintains its headquarters in Downers Grove, Illinois.

Downers Grove, IL
24,000 employees
Industrials / Industrial - Machinery
Sector
Industrials
Industry
Industrial - Machinery
CEO
Richard Joseph Tobin