Dover Corp
NYSE:DOV
Gross Margin
Dover Corp
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Dover Corp
NYSE:DOV
|
24.7B USD |
39%
|
|
| JP |
I
|
Ishii Iron Works Co Ltd
TSE:6362
|
304.2T JPY |
28%
|
|
| US |
|
Parker-Hannifin Corp
NYSE:PH
|
85.9B USD |
37%
|
|
| JP |
|
Mitsubishi Heavy Industries Ltd
TSE:7011
|
11.6T JPY |
21%
|
|
| SE |
|
Atlas Copco AB
STO:ATCO A
|
733B SEK |
43%
|
|
| US |
|
Illinois Tool Works Inc
NYSE:ITW
|
71.8B USD |
44%
|
|
| US |
|
Otis Worldwide Corp
NYSE:OTIS
|
38.4B USD |
30%
|
|
| CH |
|
Schindler Holding AG
SIX:SCHP
|
31B CHF |
25%
|
|
| US |
|
Barnes Group Inc
NYSE:B
|
36.4B USD |
41%
|
|
| US |
|
Ingersoll Rand Inc
NYSE:IR
|
33.5B USD |
44%
|
|
| FI |
K
|
Kone Oyj
OMXH:KNEBV
|
28.8B EUR |
14%
|
Dover Corp
Glance View
Dover Corporation, founded in 1955, is a diversified global manufacturer with a robust portfolio that spans across various segments, each contributing to the company's sturdy financial framework. Over the decades, the company has built a reputation for innovation and operational excellence by focusing on a few key sectors: engineered systems, fuel solutions, imaging and identification, pumps and process solutions, and refrigeration and food equipment. This strategic focus allows Dover to provide highly specialized equipment and components, critical consumable supplies, aftermarket parts, services, and digital solutions worldwide. By constantly investing in new technologies and expanding its product offerings, Dover is able to address the distinct needs of its clientele, ranging from industrial manufacturers to commercial service providers. The company's financial success is largely anchored in its ability to adapt and respond to the shifting demands of the market while maintaining a sharp eye on efficiency and productivity. Dover's approach involves leveraging its strong portfolio through targeted acquisitions and organic growth across its business segments. For instance, in its fluid handling segment, the company develops precision pumps, which have applications in various industries, thereby ensuring a steady revenue stream from diverse sources. Additionally, the company demonstrates a strong commitment to sustainability, aiming to enhance its production processes while reducing environmental impact, which in turn appeals to a broader, more eco-conscious customer base. Such strategic endeavors highlight Dover's keen ability to navigate the industrial and technology landscape, ensuring its position as a leader in the market.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Dover Corp's most recent financial statements, the company has Gross Margin of 39%.
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