Dover Corporation (DOV)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,084,633 | 3,065,199 | 3,044,934 | 3,067,381 | 3,063,556 | 3,018,714 | 3,000,543 | 2,991,432 | 2,969,786 | 2,899,748 | 2,803,898 | 2,583,324 | 2,474,019 | 2,473,885 | 2,488,644 | 2,609,639 | 2,620,938 | 2,614,595 | 2,587,627 | 2,580,270 |
| Revenue (ttm) | US$ in thousands | 8,306,830 | 8,343,940 | 8,351,560 | 8,417,010 | 8,391,630 | 8,247,240 | 8,110,580 | 7,983,870 | 7,805,410 | 7,618,220 | 7,346,360 | 6,811,020 | 6,601,570 | 6,596,770 | 6,702,130 | 7,043,160 | 7,136,400 | 7,169,760 | 7,091,820 | 7,079,200 |
| Gross profit margin | 37.13% | 36.74% | 36.46% | 36.44% | 36.51% | 36.60% | 37.00% | 37.47% | 38.05% | 38.06% | 38.17% | 37.93% | 37.48% | 37.50% | 37.13% | 37.05% | 36.73% | 36.47% | 36.49% | 36.45% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,084,633K ÷ $8,306,830K
= 37.13%
The gross profit margin of Dover Corp. has shown a consistent trend over the past eight quarters. The margin has ranged from a low of 35.92% in Q2 2023 to a high of 36.97% in Q1 2022, with recent figures hovering around the mid-36% range. This stability suggests that Dover Corp. has been effectively managing its cost of goods sold relative to its revenues. While there has been slight fluctuation, the overall gross profit margin has remained relatively steady, indicating a degree of operational efficiency and pricing power in the company's business activities.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Dover Corporation
DOV
37.13%
ChampionX Corporation
CHX
30.32%