Dover Corporation (DOV)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,106,873 | 3,146,912 | 3,176,740 | 3,108,792 | 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 |
| Revenue (ttm) | US$ in thousands | 8,185,610 | 8,361,500 | 8,531,230 | 8,453,060 | 8,438,140 | 8,471,560 | 8,476,580 | 8,535,210 | 8,508,090 | 8,358,150 | 8,218,130 | 8,091,090 | 7,907,090 | 7,698,240 | 7,428,230 | 6,895,730 | 6,683,770 | 6,678,970 | 6,756,050 | 7,067,580 |
| Gross profit margin | 37.96% | 37.64% | 37.24% | 36.78% | 36.56% | 36.18% | 35.92% | 35.94% | 36.01% | 36.12% | 36.51% | 36.97% | 37.56% | 37.67% | 37.75% | 37.46% | 37.02% | 37.04% | 36.84% | 36.92% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,106,873K ÷ $8,185,610K
= 37.96%
The gross profit margin for Dover Corporation has shown some fluctuations over the years. From March 2020 to December 2024, the gross profit margin ranged from a low of 35.92% in June 2023 to a high of 37.96% in December 2024. Generally, the trend has been quite stable, with slight variations quarter over quarter. However, there was a notable increase in the gross profit margin from March 2021 to December 2024, showing an improving trend overall. This indicates that Dover Corporation has been effectively managing its production costs and sales pricing during this period. Investors and analysts may continue to monitor the trend of Dover Corporation's gross profit margin to assess its operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024