Air Products and Chemicals, Inc. (APD) vs Dover Corporation (DOV)
A side-by-side comparison of Air Products and Chemicals, Inc. and Dover Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
Different business models: APD is classified in Basic Materials; DOV is classified in Industrials. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
APD
Air Products and Chemicals, Inc.
$292.85Basic MaterialsDelayed quote: Jul 28, 2026, 4:00 PM EDT
DOV
Dover Corporation
$203.08IndustrialsDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — APD vs DOV
growth of $100 · dividends reinvested · last 30yAPD +2318.5%DOV +2249.0%APD compounded faster
APD DOV
APD vs DOV: by the numbers
- •APD is the larger company ($65.21B vs $27.35B market cap).
- •DOV trades at the lower trailing earnings multiple (24.86 vs 30.95 P/E), one valuation lens rather than an overall verdict.
- •APD converts more revenue to profit (16.91% vs 13.48% net margin).
- •APD grew revenue faster over the past five years (6.12% vs 2.54% CAGR).
- •APD pays the higher dividend yield (2.45% vs 1.01%).
Metrics side by side
Valuation
| Metric | APD | DOV |
|---|---|---|
| P/E ratio | 30.95 | 24.86 |
| Forward P/E | 22.12 | 19.27 |
| P/S ratio | 5.23 | 3.31 |
| P/B ratio | 4.17 | 3.62 |
| PEG ratio | 1.40 | 2.27 |
| EV / EBITDA | 21.44 | 17.14 |
| FCF yield | 1.70% | 4.21% |
Profitability
| Metric | APD | DOV |
|---|---|---|
| Gross margin | 31.98% | 39.58% |
| Operating margin | -7.29% | 16.87% |
| Net margin | 16.91% | 13.48% |
| ROE | 13.47% | 14.73% |
| ROIC | -1.82% | 9.40% |
Dividends
| Metric | APD | DOV |
|---|---|---|
| Dividend yield | 2.45% | 1.01% |
| Payout ratio | N/A | 26.10% |
Growth (annualized)
| Metric | APD | DOV |
|---|---|---|
| Revenue CAGR (5Y) | 6.12% | 2.54% |
| EPS CAGR (5Y) | N/A | 10.95% |
| FCF CAGR (5Y) | N/A | 2.56% |
| Total return CAGR (5Y) | 2.80% | 6.04% |
Frequently asked
- Which has the lower trailing P/E, APD or DOV?
- DOV has the lower trailing P/E: APD trades at 30.95 and DOV at 24.86. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, APD or DOV?
- Over the past five years, APD grew revenue faster — APD at a 6.12% CAGR versus DOV at 2.54%.
- Does APD or DOV pay a bigger dividend?
- APD yields 2.45% and DOV yields 1.01% based on trailing dividends and the latest price.
- Is APD or DOV more profitable?
- APD runs the higher net margin — APD at 16.91% versus DOV at 13.48%.
- How have APD and DOV total returns compared?
- Over the past 10 years, APD delivered 10.49% and DOV delivered 15.37% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Air Products and Chemicals P/E ratioDover P/E ratioAir Products and Chemicals dividend yieldDover dividend yieldAir Products and Chemicals ROEDover ROEAir Products and Chemicals operating marginDover operating marginAir Products and Chemicals revenue growthDover revenue growthAir Products and Chemicals free cash flowDover free cash flow
Air Products and Chemicals & 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 July 28, 2026.