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

MDT has the lower trailing P/E: DOV trades at 24.86 and MDT at 22.58. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DOV or MDT?

Over the past five years, MDT grew revenue faster — DOV at a 2.54% CAGR versus MDT at 5.18%.

Does DOV or MDT pay a bigger dividend?

DOV yields 1.01% and MDT yields 3.38% based on trailing dividends and the latest price.

Is DOV or MDT more profitable?

DOV runs the higher net margin — DOV at 13.48% versus MDT at 13.20%.

How have DOV and MDT total returns compared?

Over the past 10 years, DOV delivered 15.37% and MDT delivered 2.30% annualized total return. Past performance doesn't predict future results.

Dover Corporation (DOV) vs Medtronic plc (MDT)

A side-by-side comparison of Dover Corporation and Medtronic plc 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: DOV is classified in Industrials; MDT is classified in Healthcare. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

DOV

Dover Corporation

$27.35B

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

MDT

Medtronic plc

$111.21B

$86.88HealthcareDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — DOV vs MDT

growth of $100 · dividends reinvested · last 30y

DOV +2249.0%MDT +1080.2%DOV compounded faster

DOV MDT

DOV vs MDT: by the numbers

•MDT is the larger company ($111.21B vs $27.35B market cap).
•MDT trades at the lower trailing earnings multiple (22.58 vs 24.86 P/E), one valuation lens rather than an overall verdict.
•DOV converts more revenue to profit (13.48% vs 13.20% net margin).
•MDT grew revenue faster over the past five years (5.18% vs 2.54% CAGR).
•MDT pays the higher dividend yield (3.38% vs 1.01%).

Metrics side by side

Valuation

Metric	DOV	MDT
P/E ratio	24.86	22.58
Forward P/E	19.27	15.26
P/S ratio	3.31	2.98
P/B ratio	3.62	2.19
PEG ratio	2.27	6.72
EV / EBITDA	17.14	14.41
FCF yield	4.21%	5.00%

Profitability

Metric	DOV	MDT
Gross margin	39.58%	65.02%
Operating margin	16.87%	17.78%
Net margin	13.48%	13.20%
ROE	14.73%	9.70%
ROIC	9.40%	6.13%

Dividends

Metric	DOV	MDT
Dividend yield	1.01%	3.38%
Payout ratio	26.10%	76.00%

Growth (annualized)

Metric	DOV	MDT
Revenue CAGR (5Y)	2.54%	5.18%
EPS CAGR (5Y)	10.95%	0.83%
FCF CAGR (5Y)	2.56%	3.07%
Total return CAGR (5Y)	6.04%	-5.43%

Frequently asked

Which has the lower trailing P/E, DOV or MDT?: MDT has the lower trailing P/E: DOV trades at 24.86 and MDT at 22.58. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DOV or MDT?: Over the past five years, MDT grew revenue faster — DOV at a 2.54% CAGR versus MDT at 5.18%.
Does DOV or MDT pay a bigger dividend?: DOV yields 1.01% and MDT yields 3.38% based on trailing dividends and the latest price.
Is DOV or MDT more profitable?: DOV runs the higher net margin — DOV at 13.48% versus MDT at 13.20%.
How have DOV and MDT total returns compared?: Over the past 10 years, DOV delivered 15.37% and MDT delivered 2.30% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DOV analysis Full MDT analysis Interactive comparison tool

Dig into the metrics

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

Dover & Medtronic appear in these rankings

Highest Dividend Yield Stocks 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 July 28, 2026.