Dover Corporation (DOV)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,697,130 | 1,056,830 | 1,065,380 | 1,123,820 | 683,451 |
| Revenue | US$ in thousands | 7,745,910 | 8,438,130 | 8,508,090 | 7,907,080 | 6,683,760 |
| Net profit margin | 34.82% | 12.52% | 12.52% | 14.21% | 10.23% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,697,130K ÷ $7,745,910K
= 34.82%
The net profit margin of Dover Corporation has shown a positive trend over the years, starting at 10.23% on December 31, 2020, and increasing to 14.21% by December 31, 2021. There was a slight dip in the net profit margin to 12.52% on both December 31, 2022, and 2023. However, there was a significant improvement in performance by December 31, 2024, with the net profit margin soaring to 34.82%. Overall, Dover Corporation has demonstrated strong profitability during this period, with the latest figures indicating a substantial increase in net profit margin, which bodes well for the company's financial health.
Peer comparison
Dec 31, 2024