Dover vs Xylem
Xylem reported revenue of $9.0 billion in fiscal 2025, about the same as Dover's $8.1 billion in fiscal 2025. Dover's revenue grew 4.5% in its latest year, and Xylem's grew 5.5%. Dover had an operating margin of 17.0%, against 13.5% at Xylem. Free cash flow was $1.1 billion at Dover and $910 million at Xylem.
Side by side
| Dover | Xylem | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $8.1B | $9.0B |
| Revenue growth | 4.5% | 5.5% |
| Revenue growth a year, last 5 years | 3.9% | 13.1% |
| Gross margin | 39.8% | 38.5% |
| Operating margin | 17.0% | 13.5% |
| Net margin | 13.5% | 10.6% |
| Free cash flow | $1.1B | $910M |
| Free cash flow margin | 13.8% | 10.1% |
| Return on capital | 12.0% | 8.1% |
| Net debt to EBITDA | 1.4x | 0.6x |
| Dividends and buybacks | $824M | $406M |
| Change in diluted share count | −0.7% | 0.2% |
| Last close | $202.51 | $108.24 |
| P/E at the last close | 23.6× | 25.8× |
| Insider trades, last 12 months | sold $20.0 million | bought $141,098, sold $2.3 million |
| Piotroski F-score | 5 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ 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
DoverXylem
Operating margin
Percent of revenue
DoverXylem
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DoverXylem