Dover vs Hubbell
Dover reported revenue of $8.1 billion in fiscal 2025, 1.4 times Hubbell's $5.8 billion in fiscal 2025. Dover's revenue grew 4.5% in its latest year, and Hubbell's grew 3.8%. Dover had an operating margin of 17.0%, against 20.7% at Hubbell. Free cash flow was $1.1 billion at Dover and $875 million at Hubbell.
Side by side
| Dover | Hubbell | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $8.1B | $5.8B |
| Revenue growth | 4.5% | 3.8% |
| Revenue growth a year, last 5 years | 3.9% | 9.7% |
| Gross margin | 39.8% | 35.3% |
| Operating margin | 17.0% | 20.7% |
| Net margin | 13.5% | 15.2% |
| Free cash flow | $1.1B | $875M |
| Free cash flow margin | 13.8% | 15.0% |
| Return on capital | 12.0% | 18.7% |
| Net debt to EBITDA | 1.4x | 1.3x |
| Dividends and buybacks | $824M | $225M |
| Change in diluted share count | −0.7% | −0.9% |
| Last close | $202.51 | $459.40 |
| P/E at the last close | 23.6× | 27.1× |
| Insider trades, last 12 months | sold $20.0 million | bought $186,719, sold $20.4 million |
| Piotroski F-score | 5 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
DoverHubbell
Operating margin
Percent of revenue
DoverHubbell
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DoverHubbell