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DOV vs. MAIR: Dover vs. Madison Air Stock Comparison

How do Dover (DOV) and Madison Air (MAIR) 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 Madison Air (MAIR) both fall under the Capital Goods industry group, but DOV is classified in Machinery while MAIR is classified in Building Products.

Dover (DOV) has been public since March 17, 1980, giving it decades of market history across multiple cycles, while Madison Air (MAIR) listed only on April 16, 2026 and lacks comparable through-cycle data.

Company profile comparison for Dover (DOV) and Madison Air (MAIR)
Profile ItemDOVMAIR
NameDover CorporationMadison Air Solutions Corporation Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryMachineryBuilding Products
GICS Sub-IndustryIndustrial Machinery & Supplies & ComponentsBuilding Products
Market Capitalization27.11 billion USD11.56 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 17, 1980April 16, 2026
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DOV
MAIR
GSPC
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Dover (DOV) vs. Madison Air (MAIR), 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 Madison Air (MAIR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Dover (DOV) and Madison Air (MAIR)
MetricDOVMAIR
Total Return (1Y)18.59%--
Total Return (3Y, Annualized)18.73%--
Total Return (5Y, Annualized)5.12%--

Risk Profile

Drawdown History

DOV
MAIR
GSPC
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Dover (DOV) vs. Madison Air (MAIR), 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 Madison Air (MAIR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Dover (DOV) and Madison Air (MAIR)
MetricDOVMAIR
Volatility (1Y, Annualized)25.76%57.10%
Beta (5Y)1.081.60
Max Drawdown (5Y)-35.56%-51.16%
Avg. Volume (3M)1.21M2.60M

Risk-Adjusted Performance

Risk-Return Positioning

Both DOV and MAIR need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Risk-adjusted metrics for Dover (DOV) and Madison Air (MAIR)
MetricDOVMAIR
Sharpe Ratio (1Y)0.56--
Sortino Ratio (1Y)0.81--

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Dover (DOV) earns 15.20% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.

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%

MAIR

Capital Goods industry group

--

Max
40.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
MAIR
--
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Dover (DOV) vs. Madison Air (MAIR): MAIR does not report ROE, so it has no value marker; DOV is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Dover (DOV) at 13.60% retains a top-quartile share of revenue as profit, ahead of Madison Air (MAIR) at 3.73%, which keeps about the industry-typical share.

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%

MAIR

Capital Goods industry group

3.73%

Max
27.47%
Q3
12.10%
Median
6.30%
MAIR
3.73%
Q1
1.40%
Min
-12.89%
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Dover (DOV) vs. Madison Air (MAIR): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Dover (DOV) at 19.66% and Madison Air (MAIR) at 19.76% 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%

MAIR

Capital Goods industry group

19.76%

Max
36.60%
MAIR
19.76%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Dover (DOV) vs. Madison Air (MAIR): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Dover (DOV) and Madison Air (MAIR)
MetricDOVMAIR
ROE (TTM)15.20%--
ROA (TTM)7.23%--
Net Margin (TTM)13.60%3.73%
Operating Margin (TTM)19.66%19.76%
Gross Margin (TTM)40.23%39.06%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Dover (DOV) at 4.48% is closer to the peer norm — faster top-line expansion for MAIR.

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Dover (DOV) vs. Madison Air (MAIR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Madison Air (MAIR) at -2.32% 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. Madison Air (MAIR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Dover (DOV) and Madison Air (MAIR)
MetricDOVMAIR
Revenue Growth (YoY)4.48%34.07%
Revenue Growth (3Y CAGR)1.04%--
EPS Growth (YoY)-59.18%-2.32%
EPS Growth (3Y CAGR)2.28%--

Financial Strength

Current Ratio (MRQ)

Both Dover (DOV) at 1.95 and Madison Air (MAIR) at 1.82 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

MAIR

Capital Goods industry group

1.82

Max
5.22
Q3
2.95
Median
2.08
MAIR
1.82
Q1
1.43
Min
0.36
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Dover (DOV) vs. Madison Air (MAIR): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Dover (DOV) at 0.43 and Madison Air (MAIR) at 0.87 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

MAIR

Capital Goods industry group

0.87

Max
2.33
Q3
1.12
MAIR
0.87
Median
0.60
Q1
0.29
Min
0.00
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Dover (DOV) vs. Madison Air (MAIR): 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 Madison Air (MAIR)
MetricDOVMAIR
Current Ratio (MRQ)1.951.82
Debt / Equity (MRQ)0.430.87
Net Debt / EBITDA0.803.37

Dividends

Dividend Yield (TTM)

Madison Air (MAIR) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Dover (DOV) reports a yield of 1.03%, ranking against industry peers normally.

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%

MAIR

Capital Goods industry group

0.00%

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

Dividend Payout Ratio (TTM)

Madison Air (MAIR) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Dover (DOV) reports a payout of 24.33%, ranking against industry peers normally.

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%

MAIR

Capital Goods industry group

0.00%

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

Dividend Metrics

Dividend metrics for Dover (DOV) and Madison Air (MAIR)
MetricDOVMAIR
Dividend Yield (TTM)1.03%0.00%
Dividend Payout Ratio (TTM)24.33%0.00%

Valuation

P/E Ratio (TTM)

Dover (DOV) at 23.79 is near its industry’s usual P/E ratio, while Madison Air (MAIR) at 164.57 sits above its peer range — an unusually expensive price for MAIR’s trailing earnings.

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

MAIR

Capital Goods industry group

164.57

MAIR
164.57
Max
59.38
Q3
35.92
Median
25.41
Q1
19.47
Min
3.03
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Dover (DOV) vs. Madison Air (MAIR): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Dover (DOV) at 3.16 and Madison Air (MAIR) at 3.09 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

MAIR

Capital Goods industry group

3.09

Max
7.54
Q3
3.76
MAIR
3.09
Median
2.15
Q1
1.03
Min
0.03
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Dover (DOV) vs. Madison Air (MAIR): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Dover (DOV) at 3.55 and Madison Air (MAIR) at 3.17 are valued close to their industries’ norm against book — neither stands out from peers.

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

MAIR

Capital Goods industry group

3.17

Max
9.66
Q3
5.00
MAIR
3.17
Median
3.12
Q1
1.81
Min
-1.08
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Dover (DOV) vs. Madison Air (MAIR): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Dover (DOV) and Madison Air (MAIR)
MetricDOVMAIR
P/E Ratio (TTM)23.79164.57
P/S Ratio (TTM)3.163.09
P/B Ratio (MRQ)3.553.17
Free Cash Flow Yield (TTM)3.18%--