Dover: Trading At A Discount To Industrial - Reiterate A Buy

Core Insights - Dover Corporation (DOV) reported Q4 earnings for 2025, with total revenue reaching $8.1 billion, reflecting a 4.5% increase from the previous year [1] - The company's bookings also grew by 6%, matching the revenue figure at $8.1 billion for 2025 [1] - The book-to-bill ratio improved to 1.00, up from 0.99, indicating a positive trend in order intake relative to revenue [1] Financial Performance - Revenue for 2025 was $8.1 billion, an increase of 4.5% year-over-year [1] - Bookings for the same period were $8.1 billion, marking a 6% growth [1] - The improvement in the book-to-bill ratio to 1.00 suggests a balanced growth in orders and revenue [1]