Dover Corporation (DOV)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 1,484,020 1,888,190 1,366,340 1,306,660 1,507,140
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 7,405,210 6,954,000 5,106,600 4,286,370 4,189,530
Return on total capital 20.04% 27.15% 26.76% 30.48% 35.97%

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,484,020K ÷ ($—K + $7,405,210K)
= 20.04%