Is DOV or PAYX cheaper?

On trailing earnings, PAYX is cheaper: DOV trades at a 27.18 P/E and PAYX at 22.21.

Which has grown faster, DOV or PAYX?

Over the past five years, PAYX grew revenue faster — DOV at a 3.73% CAGR versus PAYX at 9.95%.

Does DOV or PAYX pay a bigger dividend?

DOV yields 0.96% and PAYX yields 4.40% based on trailing dividends and the latest price.

Is DOV or PAYX more profitable?

PAYX runs the higher net margin — DOV at 13.30% versus PAYX at 25.84%.

Which has been the better investment, DOV or PAYX?

Over the past 10-year, DOV delivered the higher annualized total return — DOV at 16.18% versus PAYX at 9.63%. Past performance doesn't predict future results.

Dover Corporation (DOV) vs Paychex, Inc. (PAYX)

PAYX leads on 12 of 17 compared metrics.

A side-by-side comparison of Dover Corporation and Paychex, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — DOV vs PAYX

growth of $100 · last 30y

DOV +1339.0%PAYX +923.7%DOV compounded faster

DOV PAYX

DOV vs PAYX: by the numbers

•PAYX is the larger company ($36.05B vs $29.28B market cap).
•PAYX trades at the lower earnings multiple (22.21 vs 27.18 P/E).
•PAYX converts more revenue to profit (25.84% vs 13.30% net margin).
•PAYX grew revenue faster over the past five years (9.95% vs 3.73% CAGR).
•PAYX pays the higher dividend yield (4.40% vs 0.96%).

Which is better, DOV or PAYX?

Metric tally: DOV 5 · PAYX 12

It depends on what you're optimizing for:

ValuePAYX(lower P/E)

GrowthPAYX(faster 5Y revenue CAGR)

IncomePAYX(higher dividend yield)

QualityPAYX(higher ROIC)

Valuation

Metric	DOV	PAYX
P/E ratio	27.18	22.21●
Forward P/E	20.39	18.31●
P/S ratio	3.57●	5.73
P/B ratio	3.95●	9.04
PEG ratio	2.48●	2.61
EV / EBITDA	17.51	13.96●
FCF yield	3.85%	5.93%●

Profitability

Metric	DOV	PAYX
Gross margin	39.50%	73.93%●
Operating margin	16.70%	36.90%●
Net margin	13.30%	25.84%●
ROE	14.71%	40.78%●
ROIC	9.40%	16.77%●

Dividends

Metric	DOV	PAYX
Dividend yield	0.96%	4.40%●
Payout ratio	26.10%	96.30%

Growth (annualized)

Metric	DOV	PAYX
Revenue CAGR (5Y)	3.73%	9.95%●
EPS CAGR (5Y)	10.95%●	8.50%
FCF CAGR (5Y)	1.63%	13.61%●
Total return CAGR (5Y)	8.78%●	2.18%

Frequently asked

Which is better, DOV or PAYX?: It depends on your goal. value: PAYX (lower P/E); growth: PAYX (faster 5Y revenue CAGR); income: PAYX (higher dividend yield); quality: PAYX (higher ROIC). Across all compared metrics, PAYX leads 12 to 5.
Is DOV or PAYX cheaper?: On trailing earnings, PAYX is cheaper: DOV trades at a 27.18 P/E and PAYX at 22.21.
Which has grown faster, DOV or PAYX?: Over the past five years, PAYX grew revenue faster — DOV at a 3.73% CAGR versus PAYX at 9.95%.
Does DOV or PAYX pay a bigger dividend?: DOV yields 0.96% and PAYX yields 4.40% based on trailing dividends and the latest price.
Is DOV or PAYX more profitable?: PAYX runs the higher net margin — DOV at 13.30% versus PAYX at 25.84%.
Which has been the better investment, DOV or PAYX?: Over the past 10-year, DOV delivered the higher annualized total return — DOV at 16.18% versus PAYX at 9.63%. Past performance doesn't predict future results.

Go deeper

Full DOV analysis Full PAYX analysis Interactive comparison tool

Dig into the metrics

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

Dover & Paychex appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest ROE Stocks Highest Operating Margin 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 June 13, 2026.