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Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information
19. Segment Information

The Company categorizes its operating companies into five reportable segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. The Company's businesses are structured around similar business models, go-to market strategies, manufacturing practices and product categories which increases management efficiency and better aligns Dover's operations with its strategic initiatives and capital allocation priorities, and provides greater transparency about performance. Operating segments are defined as the components of an enterprise for which separate financial information is available, that engage in business activities from which they may recognize revenues and incur expenses, and that are regularly evaluated by the entity's chief operating decision maker or decision-making group, which is composed of Dover's Group Executive Committee ("GEC"), in making resource allocation decisions and evaluating performance.

The five reportable segments are as follows: 

•Engineered Products segment provides a wide range of equipment, components, software, solutions and services to the vehicle aftermarket, aerospace and defense, industrial winch and hoist, precision soldering and fluid dispensing end-markets.

•Clean Energy & Fueling segment provides components, equipment, software solutions and services enabling safe and reliable storage, transport, dispensing, and remote monitoring of traditional and clean fuels (including liquefied natural gas, hydrogen, and electric vehicle charging), cryogenic gases, and other hazardous substances along the supply chain, and safe and efficient operation of convenience retail, retail fueling and vehicle wash establishments.

•Imaging & Identification segment supplies precision marking and coding, product traceability, brand protection and digital textile printing equipment, as well as related consumables, software and services to the global packaged and consumer goods, pharmaceutical, industrial manufacturing, textile and other end-markets.

•Pumps & Process Solutions segment manufactures specialty pumps and flow meters, fluid transfer connectors, highly engineered precision components, instruments and digital controls for rotating and reciprocating machines, polymer processing equipment, measurement, inspection, and control technologies, serving single-use biopharmaceutical production, diversified industrial manufacturing applications, chemical production, plastics and polymer processing, midstream and downstream oil and gas, clean energy markets, thermal management, wire and cable, food and beverage, semiconductor production and medical applications and other end-markets.

•Climate & Sustainability Technologies segment is a provider of innovative and energy-efficient equipment, components, solutions, services and parts for the commercial refrigeration, heating and cooling and beverage can-making equipment end-markets.

Management uses segment earnings to evaluate segment performance and allocate resources. Segment earnings is defined as earnings before purchase accounting expenses, restructuring and other costs (benefits), disposition costs, (gain) loss on dispositions, corporate expenses/other, interest expense, interest income and provision for income taxes.
Segment financial information and a reconciliation of segment results to consolidated results follows:
 Years Ended December 31,
 202520242023
Revenue:
Engineered Products$1,085,844 $1,202,457 $1,250,925 
Clean Energy & Fueling2,130,507 1,936,784 1,788,277 
Imaging & Identification1,173,443 1,137,165 1,116,732 
Pumps & Process Solutions2,148,670 1,894,566 1,755,691 
Climate & Sustainability Technologies1,559,841 1,579,649 1,778,582 
Total segment revenues
8,098,305 7,750,621 7,690,207 
Intersegment eliminations(5,734)(4,712)(5,731)
Total consolidated revenue$8,092,571 $7,745,909 $7,684,476 
Adjusted cost of goods and services:(1)
Engineered Products$712,427 $806,133 $834,095 
Clean Energy & Fueling
1,358,577 1,232,836 1,155,988 
Imaging & Identification540,988 520,748 531,194 
Pumps & Process Solutions1,097,401 1,016,622 955,472 
Climate & Sustainability Technologies
1,083,352 1,130,736 1,281,593 
Total adjusted segment cost of goods and services
$4,792,745 $4,707,075 $4,758,342 
Adjusted selling, general and administrative expenses:(2)
Engineered Products$156,151 $165,087 $192,779 
Clean Energy & Fueling
353,860 343,955 303,685 
Imaging & Identification317,720 314,710 313,026 
Pumps & Process Solutions399,669 341,338 315,814 
Climate & Sustainability Technologies
210,842 198,038 191,609 
Total adjusted segment selling, general and administrative expenses
$1,438,242 $1,363,128 $1,316,913 
Earnings from continuing operations:
Segment earnings:
Engineered Products
$217,266 $231,237 $224,051 
Clean Energy & Fueling418,070 359,993 328,604 
Imaging & Identification314,735 301,707 272,512 
Pumps & Process Solutions651,600 536,606 484,405 
Climate & Sustainability Technologies
265,647 250,875 305,380 
Total segment earnings1,867,318 1,680,418 1,614,952 
Purchase accounting expenses (3)
218,445 186,241 158,582 
Restructuring and other costs (4)
77,986 84,983 62,927 
Disposition costs (5)
— — 1,302 
Gain on dispositions (6)
(4,644)(597,798)— 
Corporate expense / other (7)
164,539 155,963 151,333 
Interest expense109,772 131,171 131,304 
Interest income(73,032)(37,158)(13,496)
Earnings before provision for income taxes1,374,252 1,757,016 1,123,000 
Provision for income taxes276,823 357,048 179,136 
Earnings from continuing operations
$1,097,429 $1,399,968 $943,864 
(1) Adjusted cost of goods and services exclude expenses related to purchase accounting and restructuring and other costs.
(2) Adjusted selling, general and administrative expenses exclude expenses related to purchase accounting, restructuring and other costs, disposition costs, and (gain) loss on dispositions and include other income, net.
(3) Purchase accounting expenses are primarily comprised of amortization of intangible assets.
(4) Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Restructuring and other costs consist of the following:
Years Ended December 31,
202520242023
Restructuring$56,743 $69,810 $49,901 
Other costs, net21,243 15,173 13,026 
Restructuring and other costs $77,986 $84,983 $62,927 
(5) Disposition costs related to the sale of De-Sta-Co in our Engineered Products segment.
(6) Gain on dispositions includes post-closing adjustments, see Note 4 — Discontinued and Disposed Operations.
(7) Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services and digital and IT overhead costs, deal related expenses and various administrative expenses relating to the corporate headquarters.

Segment margin and a reconciliation of segment depreciation and amortization to consolidated results follows:
Years Ended December 31,
202520242023
Segment margins:
Engineered Products20.0 %19.2 %17.9 %
Clean Energy & Fueling19.6 %18.6 %18.4 %
Imaging & Identification26.8 %26.5 %24.4 %
Pumps & Process Solutions30.3 %28.3 %27.6 %
Climate & Sustainability Technologies17.0 %15.9 %17.2 %
Total segments
23.1 %21.7 %21.0 %
Depreciation and amortization:
Other depreciation and amortization:(8)
Engineered Products$21,495 $19,259$22,012
Clean Energy & Fueling34,806 31,97630,117
Imaging & Identification17,568 14,64815,293
Pumps & Process Solutions54,226 50,05046,344
Climate & Sustainability Technologies30,344 29,13927,557
Total other depreciation and amortization158,439 145,072141,323
Corporate depreciation and amortization7,234 7,0306,046
Depreciation and amortization included in purchase accounting expenses and restructuring and other213,904 185,740157,677
Consolidated depreciation and amortization total$379,577$337,842$305,046
(8) Other depreciation and amortization relates to property, plant, and equipment and intangibles, and excludes amounts related to purchase accounting expenses and restructuring and other costs.
Selected financial information by segment (continued):
Years Ended December 31,
Capital expenditures:202520242023
Engineered Products$25,609 $21,353 $17,457 
Clean Energy & Fueling40,160 37,340 25,421 
Imaging & Identification40,842 13,173 11,598 
Pumps & Process Solutions57,218 55,397 60,860 
Climate & Sustainability Technologies49,501 35,445 61,790 
Corporate6,933 4,825 6,280 
Total capital expenditures
$220,263 $167,533 $183,406 

Total assets:20252024
Engineered Products
$1,091,594 $1,063,292 
Clean Energy & Fueling
3,607,567 3,601,573 
Imaging & Identification1,827,454 1,749,028 
Pumps & Process Solutions (9)
3,479,147 2,613,405 
Climate & Sustainability Technologies1,426,174 1,293,132 
Corporate (10)
1,990,487 2,188,730 
Total assets$13,422,423 $12,509,160 
(9) Increase primarily driven by 2025 acquisitions. See Note 3 — Acquisitions for additional information.
(10) Corporate assets are comprised primarily of cash and cash equivalents.

 Revenue
Long-Lived Assets (11)
 Years Ended December 31,At December 31,
 20252024202320252024
United States$4,400,499 $4,201,427 $3,970,828 $646,934 $599,090 
Europe1,768,813 1,676,209 1,756,999 381,436 302,129 
Asia900,210 832,764 923,890 56,427 57,113 
Other Americas707,520 729,709 671,162 31,733 26,431 
Other315,529 305,800 361,597 3,093 3,161 
Consolidated total$8,092,571 $7,745,909 $7,684,476 $1,119,623 $987,924 
(11) Long-lived assets are comprised of net property, plant and equipment.

For the years ended December 31, 2025, 2024 and 2023, the U.S. was the largest geographical market for revenue for the Engineered Products, Clean Energy & Fueling, Pumps & Process Solutions, and Climate & Sustainability Technologies segments, and Europe was the largest market for the Imaging & Identification segment.

Revenue is attributed to regions based on the location of the Company's customer, which in some instances is an intermediary and not necessarily the end user. The Company's businesses serve thousands of customers, none of which individually accounted for more than 10% of consolidated revenue.