Dover Corporation

Dover’s mix includes recurring and replacement‑driven revenue streams that smooth cycles.

Free cash flow in 2025 was 1.12 billion dollars, 13.8 percent of revenue and 102 percent of earnings, indicating resilient cash conversion. 2026 guidance implies steady top‑line growth and further EPS gains, underpinned by broadly positive bookings and book‑to‑bill near or above 1.0 in most segments.

Geographic mix is balanced with 46 percent of revenue outside the U.S., reducing single‑country risk. Offsetting factors are exposures to vehicle service, retail fueling cycles and digital textile printing.