Dover Historical Income Statement
DOV Stock | USD 184.18 0.10 0.05% |
Historical analysis of Dover income statement accounts such as Total Revenue of 5.8 B or Gross Profit of 2.1 B can show how well Dover performed in making a profits. Evaluating Dover income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Dover's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Dover latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Dover is a good buy for the upcoming year.
Dover |
About Dover Income Statement Analysis
Dover Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Dover shareholders. The income statement also shows Dover investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Dover Income Statement Chart
Dover Income Statement is one of the three primary financial statements used for reporting Dover's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Dover revenue and expense. Dover Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Interest Expense is likely to climb to about 137.9 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 229.7 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Dover generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Dover minus its cost of goods sold. It is profit before Dover operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Dover operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Dover is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Dover income statement and is an important metric when analyzing Dover profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Dover's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Dover current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Dover Stock please use our How to Invest in Dover guide.Interest Expense is likely to climb to about 137.9 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 229.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.0B | 3.1B | 3.1B | 2.1B | Total Revenue | 7.9B | 8.5B | 8.4B | 5.8B |
Dover income statement Correlations
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Dover Account Relationship Matchups
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Dover income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 336.7M | 294.5M | 309.4M | 332.2M | 317.5M | 229.7M | |
Interest Expense | 125.8M | 111.9M | 106.3M | 116.5M | 131.3M | 137.9M | |
Total Revenue | 7.1B | 6.7B | 7.9B | 8.5B | 8.4B | 5.8B | |
Gross Profit | 2.6B | 2.5B | 3.0B | 3.1B | 3.1B | 2.1B | |
Other Operating Expenses | 6.1B | 5.8B | 6.6B | 7.1B | 7.1B | 5.0B | |
Operating Income | 974.9M | 933.0M | 1.3B | 1.4B | 1.4B | 763.3M | |
Ebit | 974.9M | 933.0M | 1.3B | 1.4B | 1.4B | 753.1M | |
Ebitda | 1.3B | 1.2B | 1.6B | 1.7B | 1.4B | 973.8M | |
Cost Of Revenue | 4.5B | 4.2B | 4.9B | 5.4B | 5.4B | 3.7B | |
Total Operating Expenses | 1.6B | 1.5B | 1.7B | 1.7B | 1.7B | 1.4B | |
Income Before Tax | 843.0M | 841.7M | 1.4B | 1.3B | 1.3B | 710.0M | |
Total Other Income Expense Net | (131.9M) | (91.3M) | 119.3M | (91.8M) | (96.3M) | (91.5M) | |
Net Income | 677.9M | 683.5M | 1.1B | 1.1B | 1.1B | 545.1M | |
Income Tax Expense | 165.1M | 158.3M | 277.0M | 222.1M | 213.2M | 179.3M | |
Selling General Administrative | 1.6B | 1.5B | 1.7B | 1.7B | 1.7B | 1.6B | |
Research Development | 141.0M | 142.1M | 157.8M | 163.3M | 153.1M | 126.5M | |
Net Income Applicable To Common Shares | 677.9M | 683.5M | 1.1B | 1.1B | 1.2B | 710.2M | |
Net Income From Continuing Ops | 677.9M | 683.5M | 1.1B | 1.1B | 1.0B | 877.2M | |
Non Operating Income Net Other | 17.5M | 20.7M | 225.6M | 24.6M | 28.3M | 26.9M | |
Tax Provision | 165.1M | 158.3M | 277.0M | 244.7M | 240.0M | 215.9M | |
Interest Income | 4.5M | 3.6M | 101.9M | 112.0M | 10.0M | 9.5M | |
Extraordinary Items | 115.9M | (16.7M) | 0.0 | 22.6M | 20.3M | 19.3M | |
Net Interest Income | (121.3M) | (108.4M) | (101.9M) | (112.0M) | (123.5M) | (129.7M) | |
Reconciled Depreciation | 272.3M | 279.1M | 290.1M | 307.5M | 313.7M | 244.5M | |
Selling And Marketing Expenses | 24.6M | 21.4M | 23.7M | 25.9M | 23.9M | 19.5M |
Pair Trading with Dover
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dover position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dover will appreciate offsetting losses from the drop in the long position's value.Moving together with Dover Stock
0.71 | B | Barnes Group | PairCorr |
0.92 | CR | Crane Company | PairCorr |
Moving against Dover Stock
0.74 | ENOV | Enovis Corp | PairCorr |
0.58 | AME | Ametek Inc | PairCorr |
0.5 | CYD | China Yuchai Interna | PairCorr |
0.49 | RR | Richtech Robotics Class | PairCorr |
0.41 | HI | Hillenbrand Fiscal Year End 20th of November 2024 | PairCorr |
The ability to find closely correlated positions to Dover could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dover when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dover - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dover to buy it.
The correlation of Dover is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dover moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dover moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dover can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Dover Stock please use our How to Invest in Dover guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Dover Stock analysis
When running Dover's price analysis, check to measure Dover's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dover is operating at the current time. Most of Dover's value examination focuses on studying past and present price action to predict the probability of Dover's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dover's price. Additionally, you may evaluate how the addition of Dover to your portfolios can decrease your overall portfolio volatility.
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Is Dover's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dover. If investors know Dover will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dover listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.773 | Dividend Share 2.035 | Earnings Share 10.41 | Revenue Per Share 60.521 | Quarterly Revenue Growth 0.007 |
The market value of Dover is measured differently than its book value, which is the value of Dover that is recorded on the company's balance sheet. Investors also form their own opinion of Dover's value that differs from its market value or its book value, called intrinsic value, which is Dover's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dover's market value can be influenced by many factors that don't directly affect Dover's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dover's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dover is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dover's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.