Dover Corporation stock research
FY2026 Q1
Dover (DOV) Gross Margin — Quarter Ended Mar 31, 2026
Revenue was higher year over year but stable sequentially. Gross profit increased from a year ago but decreased from the prior quarter, while cost of revenue rose in both comparisons, leading to a gross margin that weakened versus both periods.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue was higher year over year but stable sequentially. Gross profit increased from a year ago but decreased from the prior quarter, while cost of revenue rose in both comparisons, leading to a gross margin that weakened versus both periods.
- Gross profit was lower sequentially despite stable revenue, indicating a higher cost of revenue relative to the prior quarter. Compared to a year ago, gross profit grew but at a slower pace than revenue, compressing the margin.
- Sequentially, revenue remained stable but gross margin weakened as cost of revenue grew. Year over year, revenue increased while gross margin declined, reflecting a proportionally larger increase in cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
38.9%
Gross profit
$798.1M
Revenue
$2.1B
Cost of revenue
$1.3B
Quarter-over-quarter change
-0.2 pts
Year-over-year change
-1.1 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 |
|---|---|---|---|---|
| Jun 30, 2025 | $2.0B | $818.3M | $1.2B | 39.9% |
| Sep 30, 2025 | $2.1B | $833.6M | $1.2B | 40.1% |
| Dec 31, 2025 | $2.1B | $820.8M | $1.3B | 39.1% |
| Mar 31, 2026 | $2.1B | $798.1M | $1.3B | 38.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-0.2 pts
Year-over-year change
Mar 31, 2025
-1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit was lower sequentially despite stable revenue, indicating a higher cost of revenue relative to the prior quarter. Compared to a year ago, gross profit grew but at a slower pace than revenue, compressing the margin.
Sequentially, revenue remained stable but gross margin weakened as cost of revenue grew. Year over year, revenue increased while gross margin declined, reflecting a proportionally larger increase in cost of revenue.
Monitor the trajectory of cost of revenue relative to revenue, as its faster growth compared with the prior quarter and year ago has pressured gross margin.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Dover Corporation (DOV) | 38.9% |