| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 44 | 23.7x | 17.3x | Around median | |
Growth | 30 | 8.2% | 7.1% | Bottom tier | |
Quality | 75 | 10.6% | 4.5% | Top tier | |
Safety | 80 | 1.0x | 2.6x | Top tier | |
Capital Return | 68 | 1.03% | 0.06% | Top tier | |
Momentum | 54 | 12.1% | -1.6% | Around median | |
Sentiment | 85 | 16 | 3 | Top tier |
The floor: what the company is worth if growth stopped today
69% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Dover Corporation is a diversified global industrial provider operating across five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. The company generates revenue from components, equipment, software, consumables, and replacement parts for specialized applications, including aerospace and defense components, retail fueling equipment, valves and piping for cryogenic applications, industrial pumps, liquid-cooling heat exchangers for data centers, and CO2 refrigeration systems. In fiscal Q2 2026, markets tied to secular growth drivers represented approximately 25% of the revenue portfolio, up from approximately 20% at the end of fiscal Q1 2026.
Fiscal Q2 2026 revenue was approximately $2.2 billion, gross profit was $880.6 million, net income was $312.2 million, and earnings per share according to EDGAR filings were approximately $2.30. These figures equate to a gross margin of approximately 40% and a net income margin of approximately 14.2%, while management reported total revenue growth of 7% and organic growth of 5%. Adjusted earnings before interest, taxes, depreciation, and amortization margin increased by 80 basis points to 25.9%, while adjusted earnings per share reached $2.74, up 12% year over year.
Organic growth was positive across all five segments in fiscal Q2 2026, but varied considerably: Clean Energy & Fueling recorded organic growth of 9%, Climate & Sustainability Technologies 8%, Imaging & Identification 3%, Engineered Products 2%, while Pumps & Process Solutions grew slightly. Revenue for the twelve months ended in 2026 was approximately $8.4 billion, with gross profit of $3.3 billion and net income of $1.1 billion, compared with revenue of $8.1 billion and net income of $1.1 billion in fiscal 2025.
The analyst consensus is "Buy," with an average target of $244.78 and a wide range of $227 to $270. The average target is approximately 3% above the 52-week range high of $237.54, while the highest target is approximately 13.7% above it; however, the wide gap between the lowest and highest targets highlights the valuation's sensitivity to the success of capacity expansions, conversion of the order backlog, and resolution of refrigeration production issues. No usable price-to-earnings multiple was provided in the data, so the valuation assessment is based on the 52-week range, analyst targets, and operating growth expectations.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Dover's revenue grew 7% in total and 5% organically in fiscal Q2 2026, with positive organic growth across all five segments. Revenue reached $2.2 billion and net income was $312.2 million, while adjusted earnings per share reached $2.74, up 12% year over year. Adjusted earnings before interest, taxes, depreciation, and amortization margin increased by 80 basis points to 25.9%, driven by incremental volumes, favorable product mix, and cost control. Growth was led by Clean Energy & Fueling at 9% and Climate & Sustainability Technologies at 8%.
SWEP sells brazed plate heat exchangers used in coolant distribution units and chillers for data centers. OPW also provides couplings, adapters, chilled-cooling infrastructure, and fiberglass trench systems specified for data center projects. Management said on July 23, 2026, that demand was exceptional and that customers were reserving capacity ahead of their actual needs. Dover is working to double heat exchanger capacity within twelve months, with the increases coming online gradually in the second half of fiscal 2026 and then in 2027.
Automated analysis for informational purposes only — not investment advice.
The book-to-bill ratio was 1.06 in fiscal Q2 2026 and was above 1 in all five segments. Consolidated trailing-twelve-month bookings also increased by 15%, giving management better visibility into the second half of fiscal 2026. Some orders in long-cycle businesses, particularly heat exchangers, extend into 2027 because demand exceeds available market capacity. However, management cautioned against automatically converting the order backlog into revenue because of timing variability and production capacity constraints.
The company faced difficulty ramping production of refrigeration systems while closing one facility, integrating it into another facility, and increasing staffing during fiscal Q2 2026. This caused some delivery delays and a loss of approximately 1 to 1.5 percentage points of consolidated organic growth. Management said on July 23, 2026, that it was not aware of any market share loss and that demand for CO2 systems remained strong while the adoption rate was accelerating. It expects production to ramp gradually during fiscal Q3 and Q4 2026, but achieving this improvement remains dependent on actual execution.
Dover completed the acquisition of Cloeren on August 12, 2026, and integrated it into the MAAG unit within the Pumps & Process Solutions segment. On August 18, 2026, it signed a definitive agreement to acquire Leistung Engineering, an Indian company specializing in liquefied natural gas valves and low-temperature applications. Leistung is planned to join OPW Fluid Transfer Solutions within the Clean Energy & Fueling segment, with its facility serving as a strategic manufacturing center in India. Both transactions align with Dover's focus on process solutions, cryogenic applications, and specialized industrial markets.
On July 23, 2026, management raised its fiscal 2026 organic growth and adjusted earnings per share outlook without providing a numerical value for the updated guidance in the available text. Fiscal 2026 year-to-date free cash flow was approximately $320 million, or 8% of revenue, up 23% year over year. The company maintained fiscal 2026 free cash flow guidance of between 14% and 16% of revenue, with cash conversion expected to accelerate in the second half. It also maintained estimated capital expenditures of between $190 million and $210 million to support capacity and operational productivity projects.