Dover Corporation (DOV)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,366,343 | 1,364,589 | 1,362,230 | 1,394,584 | 1,379,330 | 1,309,414 | 1,281,029 | 1,268,309 | 1,281,508 | 1,244,635 | 1,179,507 | 1,020,235 | 932,987 | 935,150 | 940,965 | 1,032,066 | 974,894 | 945,575 | 882,937 | 843,439 |
| 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 |
| Operating profit margin | 16.45% | 16.35% | 16.31% | 16.57% | 16.44% | 15.88% | 15.79% | 15.89% | 16.42% | 16.34% | 16.06% | 14.98% | 14.13% | 14.18% | 14.04% | 14.65% | 13.66% | 13.19% | 12.45% | 11.91% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,366,343K ÷ $8,306,830K
= 16.45%
The operating profit margin of Dover Corp. has shown consistent stability and growth over the past eight quarters. The margin has ranged from 15.59% to 16.34%, with the most recent quarter (Q4 2023) reaching 16.19%. This indicates that Dover Corp. has been effectively controlling its operating expenses relative to its sales, resulting in a healthy margin. The company's ability to maintain and even slightly improve its operating profit margin over time suggests efficient cost management and potentially improving operational efficiency. Overall, the trend in Dover Corp.'s operating profit margin reflects a strong financial performance and strategic management of operating costs.
Peer comparison
Dec 31, 2023