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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Nigel Coe | Wolfe Research | 12 (0%) |
| Julian Mitchell | Barclays | 11 (18%) |
| Joe Ritchie | Goldman Sachs | 10 (0%) |
| Jeff Sprague | Vertical Research Partners | 10 (10%) |
| Andrew Obin | Bank of America | 9 (0%) |
| Steve Tusa | JPMorgan | 9 (0%) |
| Andy Kaplowitz | Citigroup | 9 (0%) |
| Joe O'Dea | Wells Fargo | 9 (0%) |
| Mike Halloran | Robert W. Baird | 9 (0%) |
| Scott Davis | Melius Research | 8 (25%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Vertical Research Partners | 2 | 12 (8%) |
| Wolfe Research | 1 | 12 (0%) |
| JPMorgan | 2 | 11 (0%) |
| Barclays | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.93B | -8.4% | $10.38 | +391.9% | 38.6% | 15.3% | 74.4% | $-63M |
| FY2025 Q1 | $1.87B | -0.9% | $1.67 | -63.1% | 40.0% | 15.9% | 12.4% | $108M |
| FY2025 Q2 | $2.05B | +5.2% | $2.02 |
| 11 (18%) |
| Bank of America | 2 | 10 (0%) |
| Goldman Sachs | 1 | 10 (0%) |
| Wells Fargo | 1 | 9 (0%) |
| Citigroup | 1 | 9 (0%) |
| -1.0% |
| 39.9% |
| 17.3% |
| 13.6% |
| $152M |
| FY2025 Q3 | $2.08B | +4.8% | $2.19 | -12.7% | 40.1% | 18.2% | 14.5% | $370M |
| FY2025 Q4 | $2.10B | +8.8% | $2.04 | -80.3% | 39.1% | 16.5% | 13.4% | $484M |
| FY2026 Q1 | $2.05B | +10.1% | $1.75 | +4.8% | 38.9% | 14.9% | 11.6% | $131M |
| FY2026 Q2 | $2.19B | +6.9% | $2.30 | +13.9% | 40.2% | 17.9% | 14.3% | $-52M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Dover opened 2026 with double-digit revenue growth (GAAP revenue +10.05% year over year) and adjusted EPS of $2.28, up 11%, driven by secular-growth end markets, acquired company performance and constructive demand across the portfolio. Bookings were the standout at $2.5 billion, up 24% year over year with book-to-bill at 1.2 and each of the five segments above 1, as customers ordered further out to reserve capacity rather than pre-buying ahead of tariffs. Climate and Sustainability Technologies led with 15% organic growth on brazed plate heat exchangers tied to data center liquid cooling and continued double-digit growth in CO2 refrigeration systems, while Clean Energy and Fueling grew 11% organically on what management believes is the early innings of a multiyear retail fueling build-out cycle. Dover expects to generate over $1 billion of revenue this year from applications tied to artificial intelligence and power generation infrastructure, though refrigeration margin conversion is held back near term by redundant fixed costs from a facility consolidation delayed by stronger-than-expected demand, with inflection expected in the second half. Full year guidance was reaffirmed, with management stating it is driving to the top end of the range and will revisit next quarter.
Revenue Growth | Demand | Margin | Guidance Reliability | Trade Tariffs | Capex Investment | Cost Pressure | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 8 | 4 | 3 | 1 | 2 | 1 | 1 |
| 2025Q1 | 6 | 8 | 4 | 3 | 9 | 3 | 2 | 4 |
| 2025Q2 | 9 | 9 | 4 | 3 | 4 | 1 | 2 | 3 |
| 2025Q3 | 9 | 4 | 2 | 3 | 1 | |||
| 2025Q4 | 7 | 5 | 6 | 5 | 3 | 4 | 1 | |
| 2026Q1 | 7 | 8 | 3 | 2 | 5 | 4 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7 | 6 | 9 | 9 | 7 | 7 |
| Demand | 8 | 8 | 9 | 4 | 5 | 8 |
| Margin | 4 | 4 | 4 | 2 | 6 | 3 |
| Guidance Reliability | 3 | 3 | 3 | 3 | 5 | 2 |
| Trade Tariffs | 1 | 9 | 4 | 5 | ||
| Capex Investment | 2 | 3 | 1 | 3 | 4 | |
| Cost Pressure | 1 | 2 | 2 | 1 | 4 | 3 |
| Pricing | 1 | 4 | 3 | 1 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
DOV Dover Corporation | 7 | +10.1% | |
| AME Ametek | 8 | +11.3% | |
| AOS A. O. Smith | 1 | -1.9% | |
| CMI Cummins | 7 | +2.7% | |
| EMR Emerson Electric | 6 | +2.9% | |
| ETN Eaton Corporation | 8 | +16.8% | |
| GNRC Generac | 9 | +12.4% | |
| HWM Howmet Aerospace | 9 | +19.1% | |
| IEX IDEX Corporation | 8 | +8.9% | |
| IR Ingersoll Rand | 5 | +7.6% | |
| ITW Illinois Tool Works | 7 | +4.6% | |
| NDSN Nordson Corporation | 9 | +8.8% | |
| OTIS Otis Worldwide | 4 | +6.5% | |
| PH Parker Hannifin | 8 | +10.6% | |
| PNR Pentair | 6 | +2.6% | |
| ROK Rockwell Automation | 9 | +11.8% | |
| ROP Roper Technologies | 8 | +11.3% | |
| XYL Xylem Inc. | 5 | +2.7% |