Risk Sleuth
DOV · 10-K filed 13 Feb 2026 · year to 31 Dec 2025

Dover

21 named things its latest annual report says its results depend on, each in the company's own words. 15 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Data center cooling market

earns from
These investments will allow us to take advantage of existing growth trends such as in cell and gene therapy applications, and data center cooling applications supporting investments in artificial intelligence.Business (Item 1)

Defense, commercial refrigeration and can-making industries

concentrated in
Businesses supplying the defense, commercial refrigeration and can-making industries tend to deal with a few large customers that are significant within those industries.Business (Item 1)

Suppliers

Single-source suppliers

depends onnamed as a risk
In addition, some of the raw materials and components may be available only from limited or single source suppliers.Risk factors (Item 1A)

Also named by ACHR, AMAT, BAX, BSX, BWXT, CL, EL, ETN and 11 more

Competitors

Panasonic (Hussmann)

competes with
Climate & Sustainability Technologies Panasonic (Hussman Corp.), Alfa Laval, Danfoss, Stolle Machinery, Crown HoldingsBusiness (Item 1)

Also named by GNTX, TSLA

IDEX Corporation

competes with
Pumps & Process Solutions IDEX Corporation, Ingersoll Rand, ITT, SPX Flow Inc. (Waukesha), Danaher Corporation (Pall), Avantor (Masterflex), Spirax Sarco (Watson Marlow), Kingsbury, Ecolab, Hoerbiger Holdings AG, Miba AG, Nordson Corporation, Hillenbrand Inc. (Coperion)Business (Item 1)

Also named by IR

Vontier (Gilbarco Veeder-Root)

competes with
Clean Energy & Fueling Vontier (Gilbarco Veeder-Root, DRB), Tatsuno, Franklin Electric, Verifone, Elaflex, PDI Technologies, Inc., Ingersoll Rand (Emco Wheaton), Dixon Valve & Coupling Company, Crane Company (Cryoflo), Sonny's Enterprises LLC, National Carwash Solutions, Washtec AGBusiness (Item 1)

Veralto Corporation (Videojet)

competes with
Imaging & Identification Veralto Corporation (Videojet), Brother Industries, Ltd. (Domino Printing), Electronics for Imaging (Reggiani), Kornit Digital Ltd.Business (Item 1)

Snap-On Inc.

competes with
Engineered Products Snap-On Inc. (Challenger Lifts, Car-O-Liner), The COATS Company, Arrowhead Winch, Teledyne, Nordson CorporationBusiness (Item 1)

Places

India

operates in · approximately 750 engineers and IT professionalsnamed as a risk
Our India Innovation Center has a team of approximately 750 engineers and IT professionals that our businesses rely on to leverage for product engineering, digital solutions development, data and information management, research and development and intellectual property services.Business (Item 1)

Also named by A, AAPL, ACN, AJG, AKAM, AMZN, AOS, AVGO and 54 more

Non-U.S. markets

earns from · Approximately 46% of our revenuesnamed as a risk
Approximately 46% of our revenues for both 2025 and 2024 were derived outside the United States and we expect international sales to continue to represent a significant portion of our revenues given our global growth strategy.Risk factors (Item 1A)

Also named by ABT, DELL, IBM, ITW, LRCX, MA, MDLZ, PH and 4 more

China

operates innamed as a risk
Certain of our businesses have sales or operations in countries, including Brazil, India and China, and may in the future invest in other countries, any of which may carry high levels of currency, political, compliance, or economic risk.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Brazil

operates innamed as a risk
Certain of our businesses have sales or operations in countries, including Brazil, India and China, and may in the future invest in other countries, any of which may carry high levels of currency, political, compliance, or economic risk.Risk factors (Item 1A)

Also named by ADM, ASO, AZO, BALL, CPAY, CPRT, CTVA, DE and 32 more

Commodities and inputs

Steel

exposed to its pricenamed as a risk
While the required raw materials are generally available, commodity pricing can be volatile, particularly for various grades of steel, copper, aluminum and select other commodities.Business (Item 1)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Copper

exposed to its pricenamed as a risk
While the required raw materials are generally available, commodity pricing can be volatile, particularly for various grades of steel, copper, aluminum and select other commodities.Business (Item 1)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Aluminum

exposed to its pricenamed as a risk
While the required raw materials are generally available, commodity pricing can be volatile, particularly for various grades of steel, copper, aluminum and select other commodities.Business (Item 1)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Euro

exposed to its pricenamed as a risk
Accordingly, significant changes in currency exchange rates, particularly the euro, Chinese renminbi (yuan), Swedish krona, pound sterling, Indian rupee, Singapore dollar, Swiss franc, and Canadian dollar, could cause fluctuations in the reported results of our businesses' operations that could negatively affect our results of operations.Risk factors (Item 1A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Chinese renminbi

exposed to its pricenamed as a risk
Accordingly, significant changes in currency exchange rates, particularly the euro, Chinese renminbi (yuan), Swedish krona, pound sterling, Indian rupee, Singapore dollar, Swiss franc, and Canadian dollar, could cause fluctuations in the reported results of our businesses' operations that could negatively affect our results of operations.Risk factors (Item 1A)

Also named by AAOI, ALB, AOS, APD, BBW, BWA, CGNX, COHR and 15 more

Swedish krona

exposed to its pricenamed as a risk
Accordingly, significant changes in currency exchange rates, particularly the euro, Chinese renminbi (yuan), Swedish krona, pound sterling, Indian rupee, Singapore dollar, Swiss franc, and Canadian dollar, could cause fluctuations in the reported results of our businesses' operations that could negatively affect our results of operations.Risk factors (Item 1A)

Also named by FIS, FSK, NDAQ, STWD, XYL

Pound sterling

exposed to its pricenamed as a risk
Accordingly, significant changes in currency exchange rates, particularly the euro, Chinese renminbi (yuan), Swedish krona, pound sterling, Indian rupee, Singapore dollar, Swiss franc, and Canadian dollar, could cause fluctuations in the reported results of our businesses' operations that could negatively affect our results of operations.Risk factors (Item 1A)

Also named by BEN, CPRT, DASH, DCH

Laws and programs

Tariffs and trade barriers

subject tonamed as a risk
Factors such as freight costs, transportation availability, inventory levels, the level of imports, the imposition of duties, tariffs and other trade barriers and general economic conditions may affect the price of these raw materials, sub-assemblies and components.Risk factors (Item 1A)

Payment Card Industry Data Security Standard (PCI-DSS)

subject to
We regularly review our policies, practices, and plans with assistance from third party experts and advisors for certification purposes, including with respect to SOC 2 certifications and Payment Card Industry Data Security Standard (PCI-DSS) certifications where relevant, and leverage third party resources to support our cyber risk defense, monitoring and response processes.Cybersecurity (Item 1C)

Also named by ABNB, AZO, BJ, BKNG, CASH, CASY, COST, EBAY and 20 more