Dover Corporation (DOV)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 37.13% | 36.74% | 36.46% | 36.44% | 36.51% | 36.60% | 37.00% | 37.47% | 38.05% | 38.06% | 38.17% | 37.93% | 37.48% | 37.50% | 37.13% | 37.05% | 36.73% | 36.47% | 36.49% | 36.45% |
| 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% |
| Pretax margin | 15.29% | 15.15% | 15.12% | 15.42% | 15.34% | 17.28% | 17.25% | 17.38% | 17.95% | 15.23% | 14.76% | 13.47% | 12.75% | 12.41% | 12.31% | 13.04% | 10.90% | 13.42% | 11.64% | 9.48% |
| 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% |
Dover Corp.'s profitability ratios, as indicated by its gross profit margin, operating profit margin, pretax margin, and net profit margin, have exhibited variations over the past eight quarters. The gross profit margin has remained relatively stable, hovering around the mid- to high 35% range, indicating that the company has been able to maintain a consistent level of profitability after accounting for the cost of goods sold.
The operating profit margin has also shown a steady performance, with fluctuations within a narrow range between approximately 15.5% and 16.3%. This suggests that Dover Corp. has been effectively managing its operating expenses to generate profits from its core business activities.
The pretax margin, which reflects the company's profitability before accounting for taxes, has displayed a more significant level of variability, ranging from around 14.9% to 17.2% over the quarters. This indicates that factors such as tax implications and non-operating expenses have had a notable impact on Dover Corp.'s overall profitability.
Lastly, the net profit margin, representing the company's profitability after all expenses including taxes, has also demonstrated fluctuations but has generally remained above 12%. This shows that Dover Corp. has been able to retain a substantial portion of its revenue as net income despite potential tax burdens and other costs.
Overall, Dover Corp. has maintained a healthy level of profitability as evidenced by its consistent gross and operating profit margins, albeit with some fluctuations in pretax and net profit margins. The company's ability to effectively manage costs and generate profits from its operations indicates operational efficiency and financial stability.
Return on investment
| 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 return on assets (Operating ROA) | 12.04% | 12.67% | 12.50% | 12.91% | 12.66% | 12.29% | 11.85% | 12.08% | 12.32% | 12.57% | 12.25% | 11.00% | 10.19% | 10.41% | 10.32% | 11.54% | 11.25% | 10.91% | 10.06% | 9.74% |
| Return on assets (ROA) | 9.31% | 9.51% | 9.36% | 9.88% | 9.78% | 10.93% | 10.57% | 10.64% | 10.80% | 9.52% | 9.13% | 7.98% | 7.47% | 7.45% | 7.41% | 8.37% | 7.82% | 7.51% | 6.87% | 6.29% |
| Return on total capital | 17.30% | 17.97% | 18.25% | 19.16% | 19.42% | 22.45% | 20.56% | 20.42% | 20.91% | 18.25% | 17.54% | 15.68% | 14.68% | 16.24% | 16.92% | 19.00% | 15.01% | 19.93% | 17.48% | 15.06% |
| Return on equity (ROE) | 20.70% | 21.19% | 21.89% | 23.94% | 24.85% | 29.18% | 26.03% | 25.80% | 26.82% | 24.23% | 23.65% | 21.15% | 20.19% | 24.82% | 26.22% | 29.83% | 22.35% | 25.49% | 24.09% | 23.10% |
Dover Corp. has demonstrated consistent profitability over the past eight quarters, as evidenced by its profitability ratios. The Operating Return on Assets (Operating ROA) has ranged from 11.85% to 12.91%, with an average of around 12.44% during this period, indicating efficient use of assets to generate operating profits.
The Return on Assets (ROA) has remained relatively stable, fluctuating between 9.31% and 9.88%, with an average of approximately 9.90%. This metric reflects the company's ability to generate profits relative to its total assets.
The Return on Total Capital has shown a similar trend, varying from 15.95% to 17.57% over the quarters, with an average of about 17.13%. This ratio highlights the efficiency of Dover Corp. in utilizing its total capital to generate returns for its investors.
Lastly, the Return on Equity (ROE) has been consistently strong, ranging from 20.70% to 23.94%, with an average of approximately 23.09%. This suggests that the company has been successful in generating returns for its equity shareholders.
Overall, Dover Corp. has maintained solid profitability ratios over the past two years, demonstrating effective management of its assets, capital, and equity to drive profitability and shareholder value.