Q3 25 EPS
$2.62
BEAT +4.52%
Est. $2.51
Q3 25 Revenue
$2.08B
MISS 1.50%
Est. $2.11B
vs S&P Since Q3 25
+21.0%
BEATING MARKET
DOV +28.3% vs S&P +7.3%
Market Reaction
Did DOV Beat Earnings? Q3 2025 Results
Dover Corporation delivered a mixed but largely constructive third quarter for fiscal 2025, beating on the bottom line while falling slightly short on the top. Adjusted diluted EPS from continuing operations came in at $2.62, clearing the $2.51 conse… Read more Dover Corporation delivered a mixed but largely constructive third quarter for fiscal 2025, beating on the bottom line while falling slightly short on the top. Adjusted diluted EPS from continuing operations came in at $2.62, clearing the $2.51 consensus estimate by 4.52%, as record consolidated segment margins of 24.2% reflected favorable mix from growth platforms and disciplined cost containment. Revenue of $2.08 billion rose 4.8% year over year but missed the $2.11 billion consensus by 1.50%, held back by organic declines in Engineered Products and Climate & Sustainability Technologies, which offset strong gains in Pumps & Process Solutions and Clean Energy & Fueling. Free cash flow of $370.10 million, representing 17.8% of revenue, underscored the quality of earnings even as headline revenue disappointed. Looking ahead, Dover raised its full-year 2025 adjusted EPS guidance to $9.50 to $9.60, up from a prior range of $9.35 to $9.55, with management citing healthy underlying demand and sustained order momentum despite pockets of macroeconomic uncertainty. The company also declared a quarterly dividend of $0.52 per share, reinforcing its commitment to shareholder returns.
Key Takeaways
- • Broad-based shipment growth in short cycle components
- • Continued strength across secular-growth end markets
- • Outperformance from recently-closed acquisitions
- • Record consolidated segment margin of 24.2% driven by positive mix, solid execution, and cost containment
- • Strong free cash flow generation of 17.8% of revenue
DOV YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
DOV Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased with Dover's third quarter results. Top line performance in the quarter was driven by broad-based shipment growth in short cycle components, continued strength across our secular-growth end markets, and outperformance from recently-closed acquisitions. These gains more than offset near-term headwinds in two capital goods-exposed end markets, vehicle aftermarket and refrigerated door cases, each of which we expect to improve through the balance of the year.”
— Richard J. Tobin, Q3 2025 Earnings Press Release
DOV Earnings Trends
DOV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DOV EPS Trend
Earnings per share: estimate vs actual
DOV Revenue Trend
Quarterly revenue: estimate vs actual
DOV Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.28 | — | $2.05B | +2.51% |
| Q4 25 BEAT FY | $2.49 | $2.51 | +0.80% | $2.10B | +0.68% |
| FY Full Year | $9.57 | $9.61 | +0.37% | $8.09B | +0.18% |
| Q3 25 BEAT | $2.51 | $2.62 | +4.52% | $2.08B | -1.50% |
| Q2 25 BEAT | $2.39 | $2.44 | +2.07% | $2.05B | +0.46% |
| Q1 25 BEAT | $1.98 | $2.05 | +3.45% | $1.87B | -0.54% |