Dover Corporation (DOV)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,056,828 | 1,024,145 | 1,020,418 | 1,067,797 | 1,065,376 | 1,164,582 | 1,142,312 | 1,117,202 | 1,123,818 | 943,139 | 879,683 | 739,941 | 683,451 | 669,467 | 675,173 | 748,492 | 677,918 | 651,365 | 602,664 | 544,538 |
| 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 |
| Net profit margin | 12.72% | 12.27% | 12.22% | 12.69% | 12.70% | 14.12% | 14.08% | 13.99% | 14.40% | 12.38% | 11.97% | 10.86% | 10.35% | 10.15% | 10.07% | 10.63% | 9.50% | 9.08% | 8.50% | 7.69% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,056,828K ÷ $8,306,830K
= 12.72%
Over the past eight quarters, Dover Corp. has maintained a relatively stable net profit margin, ranging from 12.04% to 13.93%. The net profit margin measures the company's profitability by indicating the proportion of revenue that translates into profit after all expenses are deducted. Despite some minor fluctuations, Dover Corp. has consistently shown efficient cost management and revenue generation, resulting in healthy profit margins above 12% throughout the analyzed period. This suggests that the company is effectively controlling its costs and maintaining profitability levels, which can be considered a positive indicator of its overall financial performance.
Peer comparison
Dec 31, 2023