Dover Corporation (DOV)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,206,360 | 1,366,340 | 1,379,330 | 1,281,510 | 932,987 |
| Revenue | US$ in thousands | 7,745,910 | 8,438,130 | 8,508,090 | 7,907,080 | 6,683,760 |
| Operating profit margin | 15.57% | 16.19% | 16.21% | 16.21% | 13.96% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,206,360K ÷ $7,745,910K
= 15.57%
The operating profit margin of Dover Corporation has shown a positive trend over the past five years, increasing from 13.96% as of December 31, 2020, to a peak of 16.21% in both December 31, 2021, and December 31, 2022. Despite a slight dip to 16.19% on December 31, 2023, the company maintained a relatively strong operating profit margin. However, there was a decrease to 15.57% by December 31, 2024, indicating a slight decline in profitability compared to the previous year. Overall, the company has demonstrated an ability to effectively manage its operating expenses and generate healthy profits relative to its revenue over the analyzed period.
Peer comparison
Dec 31, 2024