Automatic Data Processing, Inc. (ADP) vs Dover Corporation (DOV)
A side-by-side comparison of Automatic Data Processing, Inc. and Dover Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Different business models: ADP is classified in Technology; DOV is classified in Industrials. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
ADP
Automatic Data Processing, Inc.
$277.06TechnologyDelayed quote: Sep 14, 2026, 3:55 PM EDT
DOV
Dover Corporation
$189.00IndustrialsDelayed quote: Sep 14, 2026, 3:55 PM EDT
Total return — ADP vs DOV
growth of $100 · dividends reinvested · last 10yADP +286.2% (+14.5%/yr)DOV +278.5% (+14.2%/yr)ADP compounded faster over this window
ADP DOV
ADP vs DOV: by the numbers
- •ADP is the larger company ($110.75B vs $25.45B market cap).
- •DOV trades at the lower trailing earnings multiple (22.83 vs 25.30 P/E), one valuation lens rather than an overall verdict.
- •ADP converts more revenue to profit (20.11% vs 13.48% net margin).
- •ADP grew revenue faster over the past five years (7.90% vs 2.54% CAGR).
- •ADP pays the higher dividend yield (2.53% vs 1.10%).
Metrics side by side
Valuation
| Metric | ADP | DOV |
|---|---|---|
| P/E ratio | 25.30 | 22.83 |
| Forward P/E | 22.60 | 17.67 |
| P/S ratio | 5.05 | 3.02 |
| P/B ratio | 18.36 | 3.30 |
| EV / EBITDA | 24.47 | 14.88 |
| FCF yield | 4.50% | 4.61% |
Profitability
| Metric | ADP | DOV |
|---|---|---|
| Gross margin | 48.19% | 39.58% |
| Operating margin | 18.58% | 16.87% |
| Net margin | 20.11% | 13.48% |
| ROE | 73.18% | 14.73% |
| ROIC | 23.85% | 9.56% |
Dividends
| Metric | ADP | DOV |
|---|---|---|
| Dividend yield | 2.53% | 1.10% |
| Payout ratio | 62.10% | 25.18% |
Growth (annualized)
| Metric | ADP | DOV |
|---|---|---|
| Revenue CAGR (5Y) | 7.90% | 2.54% |
| EPS CAGR (5Y) | 12.46% | 10.95% |
| FCF CAGR (5Y) | 13.99% | 2.55% |
| Total return CAGR (5Y) | 8.34% | 2.98% |
Frequently asked
- Which has the lower trailing P/E, ADP or DOV?
- DOV has the lower trailing P/E: ADP trades at 25.30 and DOV at 22.83. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ADP or DOV?
- Over the past five years, ADP grew revenue faster — ADP at a 7.90% CAGR versus DOV at 2.54%.
- Does ADP or DOV pay a bigger dividend?
- ADP yields 2.53% and DOV yields 1.10% based on trailing dividends and the latest price.
- Is ADP or DOV more profitable?
- ADP runs the higher net margin — ADP at 20.11% versus DOV at 13.48%.
- How have ADP and DOV total returns compared?
- Over the past 10 years, ADP delivered 14.46% and DOV delivered 14.80% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Automatic Data Processing P/E ratioDover P/E ratioAutomatic Data Processing dividend yieldDover dividend yieldAutomatic Data Processing ROEDover ROEAutomatic Data Processing operating marginDover operating marginAutomatic Data Processing revenue growthDover revenue growthAutomatic Data Processing free cash flowDover free cash flow
Automatic Data Processing & Dover appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.