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

DOV has the lower trailing P/E: DOV trades at 22.85 and MRK at 115.87. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DOV or MRK?

Over the past five years, MRK grew revenue faster — DOV at a 2.54% CAGR versus MRK at 7.87%.

Does DOV or MRK pay a bigger dividend?

DOV yields 1.10% and MRK yields 2.33% based on trailing dividends and the latest price.

Is DOV or MRK more profitable?

DOV runs the higher net margin — DOV at 13.48% versus MRK at 4.78%.

How have DOV and MRK total returns compared?

Over the past 10 years, DOV delivered 14.80% and MRK delivered 12.62% annualized total return. Past performance doesn't predict future results.

Dover Corporation (DOV) vs Merck & Co., Inc. (MRK)

A side-by-side comparison of Dover Corporation and Merck & Co., 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; MRK is classified in Healthcare. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

DOV

Dover Corporation

$25.48B

$189.17IndustrialsDelayed quote: Sep 14, 2026, 3:59 PM EDT

MRK

Merck & Co., Inc.

$357.73B

$144.84HealthcareDelayed quote: Sep 14, 2026, 3:59 PM EDT

Total return — DOV vs MRK

growth of $100 · dividends reinvested · last 10y

DOV +278.5% (+14.2%/yr)MRK +226.9% (+12.6%/yr)DOV compounded faster over this window

DOV MRK

DOV vs MRK: by the numbers

•MRK is the larger company ($357.73B vs $25.48B market cap).
•DOV trades at the lower trailing earnings multiple (22.85 vs 115.87 P/E), one valuation lens rather than an overall verdict.
•DOV converts more revenue to profit (13.48% vs 4.78% net margin).
•MRK grew revenue faster over the past five years (7.87% vs 2.54% CAGR).
•MRK pays the higher dividend yield (2.33% vs 1.10%).

Metrics side by side

Valuation

Metric	DOV	MRK
P/E ratio	22.85	115.87
Forward P/E	17.69	52.74
P/S ratio	3.03	5.39
P/B ratio	3.31	8.53
EV / EBITDA	14.89	22.88
FCF yield	4.61%	4.49%

Profitability

Metric	DOV	MRK
Gross margin	39.58%	75.38%
Operating margin	16.87%	36.17%
Net margin	13.48%	4.78%
ROE	14.73%	7.57%
ROIC	9.56%	5.80%

Dividends

Metric	DOV	MRK
Dividend yield	1.10%	2.33%
Payout ratio	25.18%	268.80%

Growth (annualized)

Metric	DOV	MRK
Revenue CAGR (5Y)	2.54%	7.87%
EPS CAGR (5Y)	10.95%	21.21%
FCF CAGR (5Y)	2.55%	23.61%
Total return CAGR (5Y)	2.98%	18.01%

Frequently asked

Which has the lower trailing P/E, DOV or MRK?: DOV has the lower trailing P/E: DOV trades at 22.85 and MRK at 115.87. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DOV or MRK?: Over the past five years, MRK grew revenue faster — DOV at a 2.54% CAGR versus MRK at 7.87%.
Does DOV or MRK pay a bigger dividend?: DOV yields 1.10% and MRK yields 2.33% based on trailing dividends and the latest price.
Is DOV or MRK more profitable?: DOV runs the higher net margin — DOV at 13.48% versus MRK at 4.78%.
How have DOV and MRK total returns compared?: Over the past 10 years, DOV delivered 14.80% and MRK delivered 12.62% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DOV analysis Full MRK analysis Interactive comparison tool

Dig into the metrics

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

Dover & Merck appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest Operating Margin Stocks Highest FCF Yield 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.