Snapshot
DOVER Corp reported $2.10B of revenue in Q4 2025, up 8.8% year over year, with diluted EPS of $2.06 and an operating margin of 16.5%.
- Revenue
- $2.10B
- YoY growth
- +8.8%
- Diluted EPS
- $2.06
- Operating margin
- 16.5%
$2.10B
Revenue
+8.8%
YoY growth
$2.06
Diluted EPS
16.5%
Operating margin
01 Key takeaways
What management said
- •Our fourth quarter results reflect broad-based top-line strength across the portfolio, with organic growth up to five in the quarter, the highest level of the year.
- •Revenue performance in the quarter was driven by robust trends, and our secular growth exposed markets as well as improving conditions in retail fueling and refrigerated door cases and services.
- •Segment EBITDA margins improved 60 basis points in the quarter to 24.8% on volume leverage and ongoing productivity initiatives.
- •All-in adjusted EPS at $9.61 was up 14% in the quarter, beating our raised third-quarter guide and 16% for the full year, a very encouraging result.
- •Our current acquisition pipeline is interesting and is dominated by proprietary opportunities.
- •Demand trends are solid and broad-based across the portfolio and are supported by our order book, with no individual end market presenting a material headwind based on current visibility.
- •We are guiding for adjusted EPS of $10.45-$10.65 a share in 2026, which represents double-digit growth at the midpoint, consistent with our long-term trajectory and commitment to driving sustainable value creation to our shareholders.
- •Engineered Products revenue was down in the quarter on lower volumes and vehicle services, partially offset by double-digit growth within aerospace and defense components and software.
- •Despite the organic volume decline, absolute segment profit improved in the quarter, with margins up over 200 basis points on well-executed structural cost management, product mix, and productivity initiatives.
- •Clean Energy & Fueling was up 4% organically in the quarter, led by strong shipments and new orders in clean energy components, as well as North American retail fueling software and equipment.
- •Margins were down slightly in the quarter due to lower vehicle wash solutions, but still up materially for the year as we track towards our goal of 25% margin for the segment.
- •Imaging and ID was up 1% organically in the quarter on growth in our core marking and coding business and in serialization software.
SourcesCompany financials · earnings call
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