Dover (NYSE: DOV) is a diversified global manufacturer that provides a range of equipment and components, consumable supplies, and software solutions. On April 23, 2026, the company reported its financial results for the first quarter. The announcement showed a strong performance that continued a trend of surpassing analyst expectations.
Dover announced an earnings per share (EPS) of $2.28, which narrowly beat the analyst consensus estimate of $2.27. This figure also shows an 11% increase in adjusted EPS from the $2.05 per share earned in the same quarter a year ago. This marks the fourth consecutive quarter that the company has surpassed EPS estimates, as highlighted by Zacks.
The company also posted strong revenue of $2.05 billion, which exceeded the estimated $2.00 billion. This result represents a 10.1% increase from the $1.87 billion in revenue from the same period last year. As noted in a report by PR Newswire, this growth includes a 5% increase from organic sources, which refers to growth from the company's existing operations.
Looking at its valuation, Dover has a trailing price-to-earnings (P/E) ratio of 28.24. This metric suggests investors are paying $28.24 for every dollar of the company's past earnings. Another measure, the price-to-sales (P/S) ratio, stands at 3.75. This ratio compares the company's stock price to its revenues.
In terms of financial health, the company maintains a debt-to-equity ratio of 0.44. This ratio compares a company's total debt to its shareholder equity and is often used to evaluate its financial risk. The company's current ratio of 1.87 suggests it has sufficient short-term assets to cover its short-term debts.
