DOVER Corp R&D Expense 2008-2025 | DOV
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is DOVER Corp's current r&d expense?
DOVER Corp (DOV) annual r&d expense for 2025 was $165.3M, a 10.52% increase from 2024.
What was DOVER Corp's r&d expense in 2024?
DOVER Corp annual r&d expense for 2024 was $149.6M, a 7.58% increase from 2023.
What was DOVER Corp's r&d expense in 2023?
DOVER Corp annual r&d expense for 2023 was $139.1M, a 8.12% decline from 2022.
What is DOVER Corp's 5-year r&d expense CAGR?
DOVER Corp r&d expense grew at a compound annual growth rate (CAGR) of 3.08% from FY2020 to FY2025, going from $142.1M to $165.3M over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+3.1%
FY2020
$142.1M
→
FY2025
$165.3M
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $165.3M | +10.5% | 10-K |
| FY2024 | $149.6M | +7.6% | 10-K |
| FY2023 | $139.1M | -8.1% | 10-K |
| FY2022 | $151.4M | -4.1% | 10-K |
| FY2021 | $157.8M | +11.1% | 10-K |
| FY2020 | $142.1M | +0.8% | 10-K |
| FY2019 | $141.0M | -1.5% | 10-K |
| FY2018 | $143.0M | +9.6% | 10-K |
| FY2017 | $130.5M | +12.7% | 10-K |
| FY2016 | $115.8M | +0.7% | 10-K |
| FY2015 | $115.0M | -2.8% | 10-K |
| FY2014 | $118.4M | +1.1% | 10-K |
| FY2013 | $117.2M | -5.2% | 10-K |
| FY2012 | $123.6M | -29.6% | 10-K |
| FY2011 | $175.5M | +10.2% | 10-K |
| FY2010 | $159.3M | -7.4% | 10-K |
| FY2009 | $172.1M | -9.1% | 10-K |
| FY2008 | $189.2M | - | 10-K |
Company: DOVER CorpTicker: DOVSector: IndustrialIndustry: Construction, Mining & Materials Handling Machinery & EquipView company profile →