What is Dover?
Diversified industrial equipment and components company with $8.1B 2025 revenue, headquartered in Downers Grove, IL.
- Category
- Diversified industrial equipment and components
- Headquarters
- Downers Grove, IL
- Founded
- 1955
- Employees
- Approximately 25,000
- Total funding
- Public company; no VC funding
- Status
- NYSE: DOV
What is Dover?
Dover is a public diversified industrial equipment and components company with $8.1B 2025 revenue. It operates at global enterprise scale from Downers Grove, IL, serving industrial, infrastructure, commercial, public-sector, channel, OEM, or contractor buyers depending on the business line.
Dover is a mature public company, not a venture-backed startup. Its latest public reporting shows $8.1B 2025 revenue, Approximately 25,000, and a portfolio spanning Engineered products, Clean energy and fueling, Imaging and identification, Pumps and process solutions, Climate and sustainability technologies.
The company competes on installed base, product reliability, channel reach, engineering depth, service coverage, pricing discipline, and operational execution. For many customer segments, the buying motion is tied to large projects, distributor or dealer relationships, OEM programs, maintenance budgets, safety requirements, and long replacement cycles.
For B2B sellers, Dover is best treated as a multi-threaded enterprise account. Strong pitches attach to measurable operating outcomes such as uptime, energy efficiency, safety, quality, inventory productivity, field-service performance, digital customer experience, regulatory compliance, or lower cost to serve.
What does Dover offer?
Dover offers Engineered products, Clean energy and fueling, Imaging and identification, Pumps and process solutions, Climate and sustainability technologies, Aftermarket parts and related services, software, parts, or channel programs.
- Engineered products· Offering
- Clean energy and fueling· Offering
- Imaging and identification· Offering
- Pumps and process solutions· Offering
- Climate and sustainability technologies· Offering
- Aftermarket parts· Offering
- Software· Offering
- Support services· Offering
How does Dover make money?
Dover sells specialized industrial equipment, components, consumables, pumps, fueling systems, refrigeration components, marking/coding systems, software, and aftermarket service.
Dover sells specialized industrial equipment, components, consumables, pumps, fueling systems, refrigeration components, marking/coding systems, software, and aftermarket service. Pricing is operating-company-, product-, project-, channel-, contract-, and configuration-specific.
The practical revenue model combines new equipment or product sales with replacement demand, aftermarket parts, service, software, warranties, channel programs, financing where relevant, and long-cycle customer projects. Buyers often evaluate total cost of ownership, installed-base compatibility, support coverage, procurement risk, and payback rather than only unit price.
Growth is driven by end-market demand, pricing, mix, productivity, acquisitions, channel execution, backlog conversion, innovation, and service attachment. Vendors selling into Dover should frame ROI in the language of the relevant P&L owner: manufacturing yield, fleet uptime, energy use, safety, compliance, labor productivity, revenue capture, or working-capital improvement.
Who leads Dover?
Dover is led by Richard J. Tobin, President and Chief Executive Officer, with finance, technology, operations, legal, product, and segment leaders shaping enterprise buying decisions.
- Richard J. TobinPresident and Chief Executive OfficerCEO since 2018Leads Dover's portfolio simplification, productivity, M&A, and higher-growth industrial platforms.
- Brad CerepakSenior Vice President and Chief Financial OfficerCFO since 2011Owns finance, capital allocation, and investor communication.
- Ivonne CabreraSenior Vice President, General Counsel and SecretarySenior executiveImportant stakeholder for contracts, compliance, and enterprise risk.
- Markem-Imaje leadershipOperating-company leadershipKey buying center for imaging, identification, software, and packaging automation.
How do you contact Dover's leadership?
Dover publishes investor-relations, media, sales, and corporate contact routes, but it does not publish a verified personal executive email format for the leadership team. Use the official investor-relations or corporate contact route; do not treat inferred personal addresses as verified.
No verified public personal-executive email format; use official company contact routes- Richard J. TobinPresident and Chief Executive OfficerUse official investor relations or corporate contact form
- Brad CerepakSenior Vice President and Chief Financial OfficerUse official investor relations or corporate contact form
- Ivonne CabreraSenior Vice President, General Counsel and SecretaryUse official investor relations or corporate contact form
- Markem-Imaje leadershipOperating-company leadershipUse official investor relations or corporate contact form
How much funding has Dover raised?
Dover is a mature public company (NYSE: DOV), so its capital profile is public equity, debt, operating cash flow, acquisitions, dividends or buybacks rather than disclosed venture rounds.
Dover has no current VC-style funding history to enumerate. The relevant capital milestones are its founding in 1955, public-company status as NYSE: DOV, ongoing access to debt and equity markets, operating cash flow, and strategic acquisitions or separations that reshape the portfolio.
Recent public-company capital signals are $8.1B 2025 revenue, Public company, and the company's 2026 outlook or first-quarter reporting. Those signals matter more than a private valuation because budgets are governed by annual planning, segment-level returns, procurement controls, cybersecurity review, integration risk, and operating KPIs.
Seller signal: budget exists where a proposal maps to strategic priorities and measurable financial outcomes. The strongest enterprise opportunities connect to productivity, automation, energy efficiency, safety, quality, service revenue, channel performance, working capital, or compliance rather than generic software modernization.
How did Dover get here?
Dover reached its current scale through industrial founding, public-market access, portfolio moves, technology investment, and recent 2025-2026 operating execution.
- 1955Dover foundedDover begins building a diversified industrial portfolio.
- 2018Apergy spun offDover narrows the portfolio after separating upstream energy equipment.
- 2020COVID-era operating disciplineDover improves cost structure and portfolio quality.
- 2024De-Sta-Co soldThe company continues portfolio pruning toward higher-return platforms.
- 2025$8.1B revenueDover reports 2025 revenue and free cash flow.
- 2026Q1 2026 growthDover reports first-quarter 2026 revenue growth and EPS expansion.
Who are Dover's competitors?
Dover competes with public industrial, automation, infrastructure, building-products, component, service, and channel-led companies depending on the segment.
- Illinois Tool WorksCompetes as a diversified industrial manufacturer with focused operating companies.
- IDEXCompetes in pumps, fluidics, dispensing, and niche industrial technologies.
- NordsonCompetes in precision dispensing, test, inspection, and industrial systems.
- GracoCompetes in pumps, spray, fluid handling, and process equipment.
- Ingersoll RandCompetes in pumps, compressors, flow creation, and industrial solutions.
- Crane CompanyCompetes in engineered industrial products, process flow, and components.
Dover — frequently asked questions
