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

DOV has the lower trailing P/E: DOV trades at 24.86 and ITW at 26.45. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DOV or ITW?

Over the past five years, ITW grew revenue faster — DOV at a 2.54% CAGR versus ITW at 4.71%.

Does DOV or ITW pay a bigger dividend?

DOV yields 1.01% and ITW yields 2.26% based on trailing dividends and the latest price.

Is DOV or ITW more profitable?

ITW runs the higher net margin — DOV at 13.48% versus ITW at 19.32%.

How have DOV and ITW total returns compared?

Over the past 10 years, DOV delivered 15.37% and ITW delivered 12.03% annualized total return. Past performance doesn't predict future results.

Dover Corporation (DOV) vs Illinois Tool Works Inc. (ITW)

A side-by-side comparison of Dover Corporation and Illinois Tool Works Inc. 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.

DOV

Dover Corporation

$27.35B

$203.08IndustrialsDelayed quote: Jul 28, 2026, 4:00 PM EDT

ITW

Illinois Tool Works Inc.

$84.92B

$295.16IndustrialsDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — DOV vs ITW

growth of $100 · dividends reinvested · last 30y

DOV +2249.0%ITW +3172.8%ITW compounded faster

DOV ITW

DOV vs ITW: by the numbers

•ITW is the larger company ($84.92B vs $27.35B market cap).
•DOV trades at the lower trailing earnings multiple (24.86 vs 26.45 P/E), one valuation lens rather than an overall verdict.
•ITW converts more revenue to profit (19.32% vs 13.48% net margin).
•ITW grew revenue faster over the past five years (4.71% vs 2.54% CAGR).
•ITW pays the higher dividend yield (2.26% vs 1.01%).

Metrics side by side

Valuation

Metric	DOV	ITW
P/E ratio	24.86	26.45
Forward P/E	19.27	25.19
P/S ratio	3.31	5.08
P/B ratio	3.62	25.50
PEG ratio	2.27	2.76
EV / EBITDA	17.14	19.70
FCF yield	4.21%	3.33%

Profitability

Metric	DOV	ITW
Gross margin	39.58%	44.12%
Operating margin	16.87%	26.42%
Net margin	13.48%	19.32%
ROE	14.73%	97.06%
ROIC	9.40%	24.49%

Dividends

Metric	DOV	ITW
Dividend yield	1.01%	2.26%
Payout ratio	26.10%	61.22%

Growth (annualized)

Metric	DOV	ITW
Revenue CAGR (5Y)	2.54%	4.71%
EPS CAGR (5Y)	10.95%	9.58%
FCF CAGR (5Y)	2.56%	1.38%
Total return CAGR (5Y)	6.04%	7.07%

Frequently asked

Which has the lower trailing P/E, DOV or ITW?: DOV has the lower trailing P/E: DOV trades at 24.86 and ITW at 26.45. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DOV or ITW?: Over the past five years, ITW grew revenue faster — DOV at a 2.54% CAGR versus ITW at 4.71%.
Does DOV or ITW pay a bigger dividend?: DOV yields 1.01% and ITW yields 2.26% based on trailing dividends and the latest price.
Is DOV or ITW more profitable?: ITW runs the higher net margin — DOV at 13.48% versus ITW at 19.32%.
How have DOV and ITW total returns compared?: Over the past 10 years, DOV delivered 15.37% and ITW delivered 12.03% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DOV analysis Full ITW analysis Interactive comparison tool

Dig into the metrics

Dover P/E ratio Illinois Tool Works P/E ratio Dover dividend yield Illinois Tool Works dividend yield Dover ROE Illinois Tool Works ROE Dover operating margin Illinois Tool Works operating margin Dover revenue growth Illinois Tool Works revenue growth Dover free cash flow Illinois Tool Works free cash flow

Dover & Illinois Tool Works appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest ROE Stocks Highest ROIC 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 July 28, 2026.