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DOV vs. ITW: Dover vs. Illinois Tool Works Stock Comparison

How do Dover (DOV) and Illinois Tool Works (ITW) 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 Illinois Tool Works (ITW) are both classified in the Industrial Machinery & Supplies & Components sub-industry within the broader Machinery industry, placing them in the closest GICS peer bucket.

Company profile comparison for Dover (DOV) and Illinois Tool Works (ITW)
Profile ItemDOVITW
NameDover CorporationIllinois Tool Works Inc.
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryMachineryMachinery
GICS Sub-IndustryIndustrial Machinery & Supplies & ComponentsIndustrial Machinery & Supplies & Components
Market Capitalization27.11 billion USD79.85 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 17, 1980March 13, 1973
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DOV
ITW
GSPC
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Dover (DOV) vs. Illinois Tool Works (ITW), 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 Illinois Tool Works (ITW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Dover (DOV) and Illinois Tool Works (ITW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Dover (DOV) and Illinois Tool Works (ITW)
MetricDOVITW
Total Return (1Y)18.59%20.29%
Total Return (3Y, Annualized)18.73%10.62%
Total Return (5Y, Annualized)5.12%6.67%

Risk Profile

Drawdown History

DOV
ITW
GSPC
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Dover (DOV) vs. Illinois Tool Works (ITW), 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 Illinois Tool Works (ITW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Dover (DOV) and Illinois Tool Works (ITW)
MetricDOVITW
Volatility (1Y, Annualized)25.76%22.16%
Beta (5Y)1.080.91
Max Drawdown (5Y)-35.56%-28.05%
Avg. Volume (3M)1.21M1.27M

Risk-Adjusted Performance

Risk-Return Positioning

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DOV and ITW 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 Illinois Tool Works (ITW)
MetricDOVITW
Sharpe Ratio (1Y)0.560.72
Sortino Ratio (1Y)0.811.12

Profitability

ROE (TTM)

Illinois Tool Works (ITW) at 101.65% clears its industry range for ROE, a sharper capital-efficiency signal than Dover (DOV) at 15.20%, which is closer to a typical peer reading.

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%

ITW

Capital Goods industry group

101.65%

ITW
101.65%
Max
40.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Dover (DOV) vs. Illinois Tool Works (ITW): 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 Illinois Tool Works (ITW) at 19.39% 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%

ITW

Capital Goods industry group

19.39%

Max
27.47%
ITW
19.39%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Dover (DOV) vs. Illinois Tool Works (ITW): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Dover (DOV) at 19.66% and Illinois Tool Works (ITW) at 28.05% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

ITW

Capital Goods industry group

28.05%

Max
36.60%
ITW
28.05%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Dover (DOV) vs. Illinois Tool Works (ITW): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Dover (DOV) and Illinois Tool Works (ITW)
MetricDOVITW
ROE (TTM)15.20%101.65%
ROA (TTM)7.23%17.13%
Net Margin (TTM)13.60%19.39%
Operating Margin (TTM)19.66%28.05%
Gross Margin (TTM)40.23%44.32%

Growth

Revenue Growth

Dover (DOV) at 4.48% is around its peer norm for revenue growth, while Illinois Tool Works (ITW) at 0.92% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Dover (DOV) vs. Illinois Tool Works (ITW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Illinois Tool Works (ITW) at -10.42% 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. Illinois Tool Works (ITW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Dover (DOV) and Illinois Tool Works (ITW)
MetricDOVITW
Revenue Growth (YoY)4.48%0.92%
Revenue Growth (3Y CAGR)1.04%0.23%
EPS Growth (YoY)-59.18%-10.42%
EPS Growth (3Y CAGR)2.28%2.40%

Financial Strength

Current Ratio (MRQ)

Dover (DOV) at 1.95 keeps current ratio within its industry’s typical mid-range, while Illinois Tool Works (ITW) at 1.29 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ITW.

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

ITW

Capital Goods industry group

1.29

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
ITW
1.29
Min
0.36
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Dover (DOV) vs. Illinois Tool Works (ITW): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Dover (DOV) at 0.43 is near its industry mid-range for debt-to-equity ratio, while Illinois Tool Works (ITW) at 2.98 sits above its benchmark range, pointing to a heavier debt load relative to equity.

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

ITW

Capital Goods industry group

2.98

ITW
2.98
Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
Min
0.00
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Dover (DOV) vs. Illinois Tool Works (ITW): 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 Illinois Tool Works (ITW)
MetricDOVITW
Current Ratio (MRQ)1.951.29
Debt / Equity (MRQ)0.432.98
Net Debt / EBITDA0.801.76

Dividends

Dividend Yield (TTM)

Illinois Tool Works (ITW) at 2.29% delivers top-quartile income for its industry, while Dover (DOV) at 1.03% pays a more typical yield — both are credible income propositions, ITW 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%

ITW

Capital Goods industry group

2.29%

Max
2.66%
ITW
2.29%
Q3
1.14%
Median
0.24%
Q1
0.00%
Min
0.00%
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Dover (DOV) vs. Illinois Tool Works (ITW): 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 Illinois Tool Works (ITW) at 58.43% 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%

ITW

Capital Goods industry group

58.43%

Max
67.39%
ITW
58.43%
Q3
28.02%
Median
6.86%
Q1
0.00%
Min
0.00%
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Dover (DOV) vs. Illinois Tool Works (ITW): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Dover (DOV) and Illinois Tool Works (ITW)
MetricDOVITW
Dividend Yield (TTM)1.03%2.29%
Dividend Payout Ratio (TTM)24.33%58.43%

Valuation

P/E Ratio (TTM)

Both Dover (DOV) at 23.79 and Illinois Tool Works (ITW) at 25.06 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

ITW

Capital Goods industry group

25.06

Max
59.38
Q3
35.92
Median
25.41
ITW
25.06
Q1
19.47
Min
3.03
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Dover (DOV) vs. Illinois Tool Works (ITW): 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 Illinois Tool Works (ITW) at 4.80 sits in the pricier quartile — ITW 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

ITW

Capital Goods industry group

4.80

Max
7.54
ITW
4.80
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Dover (DOV) vs. Illinois Tool Works (ITW): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Dover (DOV) at 3.55 sits near its industry’s typical P/B ratio, while Illinois Tool Works (ITW) at 25.42 prices above its benchmark range — ITW looks rich relative to book.

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

ITW

Capital Goods industry group

25.42

ITW
25.42
Max
9.66
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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Dover (DOV) vs. Illinois Tool Works (ITW): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Dover (DOV) and Illinois Tool Works (ITW)
MetricDOVITW
P/E Ratio (TTM)23.7925.06
P/S Ratio (TTM)3.164.80
P/B Ratio (MRQ)3.5525.42
Free Cash Flow Yield (TTM)3.18%2.89%