Dover
Dover returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 12.8% | — | 14.98% | 8.45% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 12.86% | — | 15.06% | 8.42% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 12.95% | — | 15.24% | 8.44% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | 12.76% | — | 33.65% | 17.75% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 12.7% | — | 35.81% | 18.75% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 13.27% | — | 37.36% | 18.64% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | 12.54% | — | 44.73% | 22.61% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | 14.93% | — | 29.58% | 13.73% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 15.77% | — | 29.92% | 13.52% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 15.56% | — | 30.38% | 12.82% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | 16.02% | — | 22.5% | 9.5% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | 16.69% | — | 23.21% | 9.56% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 16.28% | — | 22.55% | 9.4% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 16.85% | — | 24.29% | 10.02% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 16.95% | — | 25.14% | 10% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | 16.72% | — | 29.55% | 11.33% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 16.02% | — | 28.18% | 11.18% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 16.11% | — | 28.54% | 11.3% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | 16.46% | — | 29.67% | 11.49% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | 16.47% | — | — | 9.99% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 16.02% | — | — | 9.39% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 14.22% | — | — | 8.12% | — |
| FY 2020 Q4 | Dec 31, 2020 | 12.96% | 13.02% | -9.59% | 21.3% | 7.67% | 5.3 pp |
| FY 2020 Q3 | Sep 30, 2020 | — | 13.3% | — | — | 7.58% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 13.62% | — | — | 7.55% | — |
| FY 2020 Q1 | Mar 31, 2020 | 14.42% | 15.22% | 182.6% | — | 8.5% | 6.7 pp |
| FY 2019 Q4 | Dec 31, 2019 | 13.95% | 14.49% | 57.19% | — | 7.96% | 6.2 pp |
| FY 2019 Q3 | Sep 30, 2019 | — | 14.1% | — | — | 7.6% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 13.1% | — | — | 6.99% | — |
| FY 2019 Q1 | Mar 31, 2019 | 11.25% | 11.12% | — | — | 5.67% | 3.5 pp |
| FY 2018 Q4 | Dec 31, 2018 | 10.79% | 11.32% | — | — | 6% | 3.1 pp |
| FY 2018 Q3 | Sep 30, 2018 | 11.51% | 11.42% | — | — | 7.65% | 3.8 pp |
| FY 2018 Q2 | Jun 30, 2018 | 12.03% | 12.27% | — | — | 7.96% | 4.3 pp |
| FY 2018 Q1 | Mar 31, 2018 | 10.84% | 11.4% | 69.36% | — | 7.42% | 3.1 pp |
| FY 2017 Q4 | Dec 31, 2017 | 10.68% | 11.06% | 187.43% | — | 7.81% | 3 pp |
| FY 2017 Q3 | Sep 30, 2017 | 9.39% | 11.18% | 8.24% | — | 6.83% | 1.7 pp |
| FY 2017 Q2 | Jun 30, 2017 | 8.69% | 10.59% | -3.2% | — | 6.51% | 1 pp |
| FY 2017 Q1 | Mar 31, 2017 | 8% | 9.76% | -16.49% | — | 6.05% | 0.3 pp |
| FY 2016 Q4 | Dec 31, 2016 | 8.04% | 9.26% | -15.46% | — | 5.43% | 0.3 pp |
| FY 2016 Q3 | Sep 30, 2016 | 9.42% | 10.55% | -16.7% | — | 5.51% | 1.7 pp |
| FY 2016 Q2 | Jun 30, 2016 | 10.39% | 11.5% | -14.89% | — | 6.25% | 2.7 pp |
| FY 2016 Q1 | Mar 31, 2016 | 10.71% | 12.31% | -23.88% | — | 8.62% | 3 pp |
| FY 2015 Q4 | Dec 31, 2015 | 11.33% | 12.87% | -25,116.04% | — | 9.82% | 3.6 pp |
| FY 2015 Q3 | Sep 30, 2015 | 12.15% | 13.26% | — | — | 10.29% | 4.5 pp |
| FY 2015 Q2 | Jun 30, 2015 | 12.83% | 14.37% | — | — | 10.93% | 5.1 pp |
| FY 2015 Q1 | Mar 31, 2015 | 13.56% | 15.72% | — | — | 9.53% | 5.9 pp |
| FY 2014 Q4 | Dec 31, 2014 | 12.85% | 14.94% | — | — | 7.78% | 5.2 pp |
| FY 2014 Q3 | Sep 30, 2014 | 13.78% | 16.04% | — | — | 8.15% | 6.1 pp |
| FY 2014 Q2 | Jun 30, 2014 | 14.39% | 16.76% | — | — | 8.75% | 6.7 pp |
| FY 2014 Q1 | Mar 31, 2014 | 15.99% | 17.12% | — | — | 10.09% | 8.3 pp |
| FY 2013 Q4 | Dec 31, 2013 | 14.76% | 15.32% | 26.94% | — | 9.43% | 7.1 pp |
| FY 2013 Q3 | Sep 30, 2013 | 14.71% | 15.15% | 11.55% | — | 9.42% | 7 pp |
| FY 2013 Q2 | Jun 30, 2013 | 14.72% | 15.19% | 12.44% | — | 9.34% | 7 pp |
| FY 2013 Q1 | Mar 31, 2013 | 13.69% | 15% | -5.77% | — | 8.28% | 6 pp |
| FY 2012 Q4 | Dec 31, 2012 | 14.45% | 15.1% | -0.89% | — | 8.13% | 6.7 pp |
| FY 2012 Q3 | Sep 30, 2012 | 14.72% | 15.06% | -0.42% | — | 9.57% | 7 pp |
| FY 2012 Q2 | Jun 30, 2012 | 15.06% | 14.76% | -2.58% | — | 8.93% | 7.4 pp |
| FY 2012 Q1 | Mar 31, 2012 | 16.06% | 15.14% | 13.09% | — | 9.41% | 8.4 pp |
| FY 2011 Q4 | Dec 31, 2011 | 16.92% | 15.46% | 18.82% | 18.93% | 9.91% | 9.2 pp |
| FY 2011 Q3 | Sep 30, 2011 | 16.38% | 15.85% | 30.16% | — | 9.13% | 8.7 pp |
| FY 2011 Q2 | Jun 30, 2011 | 17.2% | 15.68% | 70.28% | — | 9.87% | 9.5 pp |
| FY 2011 Q1 | Mar 31, 2011 | 15.68% | 14.77% | 147.3% | — | 9.05% | 8 pp |
| FY 2010 Q4 | Dec 31, 2010 | 15.26% | 14.49% | — | 16.26% | 8.51% | 7.6 pp |
| FY 2010 Q3 | Sep 30, 2010 | 13.14% | 13.31% | — | 14.28% | 7.45% | 5.4 pp |
| FY 2010 Q2 | Jun 30, 2010 | 10.99% | 12.05% | — | 12.11% | 6.14% | 3.3 pp |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · DOV, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.