Which has the lower trailing P/E, DOV or ECL?

DOV has the lower trailing P/E: DOV trades at 22.83 and ECL at 36.96. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DOV or ECL?

Over the past five years, ECL grew revenue faster — DOV at a 2.54% CAGR versus ECL at 6.78%.

Does DOV or ECL pay a bigger dividend?

DOV yields 1.10% and ECL yields 1.03% based on trailing dividends and the latest price.

Is DOV or ECL more profitable?

DOV runs the higher net margin — DOV at 13.48% versus ECL at 12.57%.

How have DOV and ECL total returns compared?

Over the past 10 years, DOV delivered 14.80% and ECL delivered 10.00% annualized total return. Past performance doesn't predict future results.

Dover Corporation (DOV) vs Ecolab Inc. (ECL)

A side-by-side comparison of Dover Corporation and Ecolab Inc. 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: DOV is classified in Industrials; ECL is classified in Basic Materials. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

DOV

Dover Corporation

$25.45B

$189.00IndustrialsDelayed quote: Sep 14, 2026, 3:55 PM EDT

ECL

Ecolab Inc.

$77.49B

$275.34Basic MaterialsDelayed quote: Sep 14, 2026, 3:55 PM EDT

Total return — DOV vs ECL

growth of $100 · dividends reinvested · last 10y

DOV +298.1% (+14.8%/yr)ECL +161.7% (+10.1%/yr)DOV compounded faster over this window

DOV ECL

DOV vs ECL: by the numbers

•ECL is the larger company ($77.49B vs $25.45B market cap).
•DOV trades at the lower trailing earnings multiple (22.83 vs 36.96 P/E), one valuation lens rather than an overall verdict.
•DOV converts more revenue to profit (13.48% vs 12.57% net margin).
•ECL grew revenue faster over the past five years (6.78% vs 2.54% CAGR).
•DOV pays the higher dividend yield (1.10% vs 1.03%).

Metrics side by side

Valuation

Metric	DOV	ECL
P/E ratio	22.83	36.96
Forward P/E	17.67	33.76
P/S ratio	3.02	4.60
P/B ratio	3.30	7.71
EV / EBITDA	14.88	23.57
FCF yield	4.61%	2.42%

Profitability

Metric	DOV	ECL
Gross margin	39.58%	44.11%
Operating margin	16.87%	17.37%
Net margin	13.48%	12.57%
ROE	14.73%	21.05%
ROIC	9.56%	9.42%

Dividends

Metric	DOV	ECL
Dividend yield	1.10%	1.03%
Payout ratio	25.18%	38.12%

Growth (annualized)

Metric	DOV	ECL
Revenue CAGR (5Y)	2.54%	6.78%
EPS CAGR (5Y)	10.95%	5.19%
FCF CAGR (5Y)	2.55%	5.77%
Total return CAGR (5Y)	2.98%	5.26%

Frequently asked

Which has the lower trailing P/E, DOV or ECL?: DOV has the lower trailing P/E: DOV trades at 22.83 and ECL at 36.96. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DOV or ECL?: Over the past five years, ECL grew revenue faster — DOV at a 2.54% CAGR versus ECL at 6.78%.
Does DOV or ECL pay a bigger dividend?: DOV yields 1.10% and ECL yields 1.03% based on trailing dividends and the latest price.
Is DOV or ECL more profitable?: DOV runs the higher net margin — DOV at 13.48% versus ECL at 12.57%.
How have DOV and ECL total returns compared?: Over the past 10 years, DOV delivered 14.80% and ECL delivered 10.00% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DOV analysis Full ECL analysis Interactive comparison tool

Dig into the metrics

Dover P/E ratio Ecolab P/E ratio Dover dividend yield Ecolab dividend yield Dover ROE Ecolab ROE Dover operating margin Ecolab operating margin Dover revenue growth Ecolab revenue growth Dover free cash flow Ecolab free cash flow

Dover & Ecolab appear in these rankings

25+ Year Dividend Growers Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

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.