Dover Corporation (DOV)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,958,620 | 3,084,630 | 3,063,560 | 2,969,790 | 2,474,020 |
| Revenue | US$ in thousands | 7,745,910 | 8,438,130 | 8,508,090 | 7,907,080 | 6,683,760 |
| Gross profit margin | 38.20% | 36.56% | 36.01% | 37.56% | 37.02% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,958,620K ÷ $7,745,910K
= 38.20%
Dover Corporation's gross profit margin has displayed some fluctuations over the past five years. In December 2020, the gross profit margin stood at 37.02%, showing a slight increase to 37.56% by the end of December 2021. However, there was a decrease in the margin to 36.01% by December 2022, followed by a slight improvement to 36.56% by December 2023. The most recent data for December 2024 indicates a significant increase in the gross profit margin to 38.20%.
Overall, the trend in Dover Corporation's gross profit margin has been somewhat volatile, with fluctuations in performance over the years. It is essential for the company to closely monitor and manage its cost of goods sold and revenue generation strategies to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2024