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DOV vs. ETN: Dover vs. Eaton Stock Comparison

How do Dover (DOV) and Eaton (ETN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Dover (DOV) and Eaton (ETN) both fall under the Capital Goods industry group, but DOV is classified in Machinery while ETN is classified in Electrical Equipment.

Company profile comparison for Dover (DOV) and Eaton (ETN)
Profile ItemDOVETN
NameDover CorporationEaton Corporation plc
Country/RegionUnited StatesIreland
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryMachineryElectrical Equipment
GICS Sub-IndustryIndustrial Machinery & Supplies & ComponentsElectrical Components & Equipment
Market Capitalization27.11 billion USD132.76 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 17, 1980June 1, 1972
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DOV
ETN
GSPC
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Dover (DOV) vs. Eaton (ETN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Dover (DOV) and Eaton (ETN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Dover (DOV) and Eaton (ETN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Dover (DOV) and Eaton (ETN)
MetricDOVETN
Total Return (1Y)18.59%-2.33%
Total Return (3Y, Annualized)18.73%19.68%
Total Return (5Y, Annualized)5.12%17.50%

Risk Profile

Drawdown History

DOV
ETN
GSPC
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Dover (DOV) vs. Eaton (ETN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Dover (DOV) and Eaton (ETN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Dover (DOV) and Eaton (ETN)
MetricDOVETN
Volatility (1Y, Annualized)25.76%43.57%
Beta (5Y)1.081.14
Max Drawdown (5Y)-35.56%-34.46%
Avg. Volume (3M)1.21M2.32M

Risk-Adjusted Performance

Risk-Return Positioning

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DOV and ETN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Dover (DOV) and Eaton (ETN)
MetricDOVETN
Sharpe Ratio (1Y)0.56-0.15
Sortino Ratio (1Y)0.81-0.21

Profitability

ROE (TTM)

Eaton (ETN) at 19.55% sits in the top ROE quartile, while Dover (DOV) at 15.20% is closer to the peer norm — stronger capital efficiency for ETN.

DOV

Capital Goods industry group

15.20%

Max
40.55%
Q3
19.29%
DOV
15.20%
Median
12.12%
Q1
4.08%
Min
-17.12%

ETN

Capital Goods industry group

19.55%

Max
40.55%
ETN
19.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Dover (DOV) vs. Eaton (ETN): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Dover (DOV) at 13.60% and Eaton (ETN) at 12.18% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

DOV

Capital Goods industry group

13.60%

Max
27.47%
DOV
13.60%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%

ETN

Capital Goods industry group

12.18%

Max
27.47%
ETN
12.18%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Dover (DOV) vs. Eaton (ETN): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Dover (DOV) at 19.66% operates in the top operating margin quartile, ahead of Eaton (ETN) at 17.85%, which runs around its industry’s norm.

DOV

Capital Goods industry group

19.66%

Max
36.60%
DOV
19.66%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%

ETN

Capital Goods industry group

17.85%

Max
36.60%
Q3
18.33%
ETN
17.85%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Dover (DOV) vs. Eaton (ETN): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Dover (DOV) and Eaton (ETN)
MetricDOVETN
ROE (TTM)15.20%19.55%
ROA (TTM)7.23%7.22%
Net Margin (TTM)13.60%12.18%
Operating Margin (TTM)19.66%17.85%
Gross Margin (TTM)40.23%35.16%

Growth

Revenue Growth

Both Dover (DOV) at 4.48% and Eaton (ETN) at 10.33% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Dover (DOV) vs. Eaton (ETN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Eaton (ETN) at 10.00% is around its peer norm for EPS growth, while Dover (DOV) at -59.18% drops into the bottom quartile, signaling weaker earnings momentum.

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Dover (DOV) vs. Eaton (ETN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Dover (DOV) and Eaton (ETN)
MetricDOVETN
Revenue Growth (YoY)4.48%10.33%
Revenue Growth (3Y CAGR)1.04%9.77%
EPS Growth (YoY)-59.18%10.00%
EPS Growth (3Y CAGR)2.28%19.39%

Financial Strength

Current Ratio (MRQ)

Dover (DOV) at 1.95 keeps current ratio within its industry’s typical mid-range, while Eaton (ETN) at 1.23 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ETN.

DOV

Capital Goods industry group

1.95

Max
5.22
Q3
2.95
Median
2.08
DOV
1.95
Q1
1.43
Min
0.36

ETN

Capital Goods industry group

1.23

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
ETN
1.23
Min
0.36
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Dover (DOV) vs. Eaton (ETN): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Dover (DOV) at 0.43 and Eaton (ETN) at 1.00 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

DOV

Capital Goods industry group

0.43

Max
2.33
Q3
1.12
Median
0.60
DOV
0.43
Q1
0.29
Min
0.00

ETN

Capital Goods industry group

1.00

Max
2.33
Q3
1.12
ETN
1.00
Median
0.60
Q1
0.29
Min
0.00
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Dover (DOV) vs. Eaton (ETN): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Dover (DOV) and Eaton (ETN)
MetricDOVETN
Current Ratio (MRQ)1.951.23
Debt / Equity (MRQ)0.431.00
Net Debt / EBITDA0.802.85

Dividends

Dividend Yield (TTM)

Eaton (ETN) at 1.33% delivers top-quartile income for its industry, while Dover (DOV) at 1.03% pays a more typical yield — both are credible income propositions, ETN the richer one.

DOV

Capital Goods industry group

1.03%

Max
2.66%
Q3
1.14%
DOV
1.03%
Median
0.24%
Q1
0.00%
Min
0.00%

ETN

Capital Goods industry group

1.33%

Max
2.66%
ETN
1.33%
Q3
1.14%
Median
0.24%
Q1
0.00%
Min
0.00%
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Dover (DOV) vs. Eaton (ETN): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Dover (DOV) at 24.33% pays out a band-typical share of earnings, while Eaton (ETN) at 43.36% distributes more than its industry norm — less retained, thinner cover.

DOV

Capital Goods industry group

24.33%

Max
67.39%
Q3
28.02%
DOV
24.33%
Median
6.86%
Q1
0.00%
Min
0.00%

ETN

Capital Goods industry group

43.36%

Max
67.39%
ETN
43.36%
Q3
28.02%
Median
6.86%
Q1
0.00%
Min
0.00%
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Dover (DOV) vs. Eaton (ETN): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Dover (DOV) and Eaton (ETN)
MetricDOVETN
Dividend Yield (TTM)1.03%1.33%
Dividend Payout Ratio (TTM)24.33%43.36%

Valuation

P/E Ratio (TTM)

Both Dover (DOV) at 23.79 and Eaton (ETN) at 34.14 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

DOV

Capital Goods industry group

23.79

Max
59.38
Q3
35.92
Median
25.41
DOV
23.79
Q1
19.47
Min
3.03

ETN

Capital Goods industry group

34.14

Max
59.38
Q3
35.92
ETN
34.14
Median
25.41
Q1
19.47
Min
3.03
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Dover (DOV) vs. Eaton (ETN): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Dover (DOV) at 3.16 is priced about in line with its industry on P/S ratio, while Eaton (ETN) at 4.15 sits in the pricier quartile — ETN costs more per dollar of sales.

DOV

Capital Goods industry group

3.16

Max
7.54
Q3
3.76
DOV
3.16
Median
2.15
Q1
1.03
Min
0.03

ETN

Capital Goods industry group

4.15

Max
7.54
ETN
4.15
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Dover (DOV) vs. Eaton (ETN): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Dover (DOV) at 3.55 is valued about in line with its industry on P/B ratio, while Eaton (ETN) at 6.33 carries an above-peer premium to book — ETN is pricier on assets.

DOV

Capital Goods industry group

3.55

Max
9.66
Q3
5.00
DOV
3.55
Median
3.12
Q1
1.81
Min
-1.08

ETN

Capital Goods industry group

6.33

Max
9.66
ETN
6.33
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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Dover (DOV) vs. Eaton (ETN): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Dover (DOV) and Eaton (ETN)
MetricDOVETN
P/E Ratio (TTM)23.7934.14
P/S Ratio (TTM)3.164.15
P/B Ratio (MRQ)3.556.33
Free Cash Flow Yield (TTM)3.18%2.29%