Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $6,684 | $7,907 | $8,508 | $8,438 | $7,746 |
| Gross Profit | $2,474 | $2,970 | $3,064 | $3,085 | $2,959 |
| Operating Income | $933 | $1,282 | $1,379 | $1,366 | $1,206 |
| Net Income | $683 | $1,124 | $1,065 | $1,057 | $2,697 |
Over the five-year period, Dover Corp’s revenue grew steadily from USD 6.68 billion in 2020 to a peak of about USD 8.51 billion in 2022, reflecting a roughly 27% increase. Gross profit and operating income followed similar trends, with gross profit rising from USD 2.47 billion to approximately USD 3.06 billion and operating income increasing from USD 0.93 billion to about USD 1.38 billion during the same period. However, in 2023 revenue dipped slightly to USD 8.44 billion and further declined to USD 7.75 billion in 2024. Gross profit and operating income similarly trended downward in 2024, which might signal pressure from market conditions or cyclical industry challenges typical of industrial manufacturing sectors. A notable outlier in the performance metrics is the net income, which experienced a dramatic surge from roughly USD 1.06 billion in 2023 to USD 2.70 billion in 2024—an increase well above the 20% threshold and even exceeding 150% year-over-year. This significant jump in net income, despite declining revenue and operating income, suggests that factors such as improved non-operating gains, adjusted tax treatments, or other one-time events could have played a role. Given Dover Corp’s standing in a diversified industrial market with exposure to economic cycles and evolving technological demands, its overall financial health appears resilient, though the extraordinary 2024 net income spike warrants further detailed analysis to confirm its sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.