Dover Corporation stock research
FY2025 Q2
Dover (DOV) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin was slightly lower than the prior quarter but improved from a year ago.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin was slightly lower than the prior quarter but improved from a year ago.
- The improvement in gross margin compared to the same quarter last year was driven by revenue growth outpacing cost of revenue growth, while the slight sequential decline reflects cost of revenue rising faster than revenue.
- Sequentially, gross margin remained relatively stable, while year-over-year it showed improvement.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
39.9%
Gross profit
$818.3M
Revenue
$2.0B
Cost of revenue
$1.2B
Quarter-over-quarter change
-0.0 pts
Year-over-year change
+1.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $2.0B | $763.2M | $1.2B | 38.5% |
| Dec 31, 2024 | $1.9B | $745.7M | $1.2B | 38.6% |
| Mar 31, 2025 | $1.9B | $745.5M | $1.1B | 40.0% |
| Jun 30, 2025 | $2.0B | $818.3M | $1.2B | 39.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
-0.0 pts
Year-over-year change
Jun 30, 2024
+1.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improvement in gross margin compared to the same quarter last year was driven by revenue growth outpacing cost of revenue growth, while the slight sequential decline reflects cost of revenue rising faster than revenue.
Sequentially, gross margin remained relatively stable, while year-over-year it showed improvement.
Monitor whether the growth rate of cost of revenue relative to revenue persists, as it slightly outpaced revenue growth sequentially.