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DOV vs. NXT: Dover vs. Nextracker Stock Comparison

How do Dover (DOV) and Nextracker (NXT) 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 Nextracker (NXT) both fall under the Capital Goods industry group, but DOV is classified in Machinery while NXT is classified in Electrical Equipment.

Dover (DOV) has more than two decades of public-market history since March 17, 1980, whereas Nextracker (NXT) listed on February 9, 2023 and has a much shorter record to draw on.

Company profile comparison for Dover (DOV) and Nextracker (NXT)
Profile ItemDOVNXT
NameDover CorporationNextpower Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryMachineryElectrical Equipment
GICS Sub-IndustryIndustrial Machinery & Supplies & ComponentsElectrical Components & Equipment
Market Capitalization27.11 billion USD16.00 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMarch 17, 1980February 9, 2023
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DOV
NXT
GSPC
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Dover (DOV) vs. Nextracker (NXT), 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 Nextracker (NXT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Dover (DOV) and Nextracker (NXT)
MetricDOVNXT
Total Return (1Y)18.59%0.06%
Total Return (3Y, Annualized)18.73%45.51%
Total Return (5Y, Annualized)5.12%--

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Dover (DOV) and Nextracker (NXT)
MetricDOVNXT
Volatility (1Y, Annualized)25.76%68.10%
Beta (5Y)1.081.66
Max Drawdown (5Y)-35.56%-51.10%
Avg. Volume (3M)1.21M2.38M

Risk-Adjusted Performance

Risk-Return Positioning

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DOV and NXT 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 Nextracker (NXT)
MetricDOVNXT
Sharpe Ratio (1Y)0.56-0.06
Sortino Ratio (1Y)0.81-0.09

Profitability

ROE (TTM)

Nextracker (NXT) at 26.46% sits in the top ROE quartile, while Dover (DOV) at 15.20% is closer to the peer norm — stronger capital efficiency for NXT.

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%

NXT

Capital Goods industry group

26.46%

Max
40.55%
NXT
26.46%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Dover (DOV) vs. Nextracker (NXT): 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 Nextracker (NXT) at 15.98% 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%

NXT

Capital Goods industry group

15.98%

Max
27.47%
NXT
15.98%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Dover (DOV) vs. Nextracker (NXT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Dover (DOV) at 19.66% and Nextracker (NXT) at 20.06% 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%

NXT

Capital Goods industry group

20.06%

Max
36.60%
NXT
20.06%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Dover (DOV) vs. Nextracker (NXT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Dover (DOV) and Nextracker (NXT)
MetricDOVNXT
ROE (TTM)15.20%26.46%
ROA (TTM)7.23%10.75%
Net Margin (TTM)13.60%15.98%
Operating Margin (TTM)19.66%20.06%
Gross Margin (TTM)40.23%21.84%

Growth

Revenue Growth

Nextracker (NXT) at 20.28% sits in the top revenue growth quartile, while Dover (DOV) at 4.48% is closer to the peer norm — faster top-line expansion for NXT.

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

EPS Growth

Nextracker (NXT) at 10.66% 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. Nextracker (NXT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Dover (DOV) and Nextracker (NXT)
MetricDOVNXT
Revenue Growth (YoY)4.48%20.28%
Revenue Growth (3Y CAGR)1.04%23.23%
EPS Growth (YoY)-59.18%10.66%
EPS Growth (3Y CAGR)2.28%476.90%

Financial Strength

Current Ratio (MRQ)

Both Dover (DOV) at 1.95 and Nextracker (NXT) at 2.23 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

NXT

Capital Goods industry group

2.23

Max
5.22
Q3
2.95
NXT
2.23
Median
2.08
Q1
1.43
Min
0.36
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Dover (DOV) vs. Nextracker (NXT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Nextracker (NXT) at 0.02 keeps leverage in the lower industry quartile, while Dover (DOV) at 0.43 runs a more typical debt-to-equity mix.

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

NXT

Capital Goods industry group

0.02

Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
NXT
0.02
Min
0.00
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Dover (DOV) vs. Nextracker (NXT): 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 Nextracker (NXT)
MetricDOVNXT
Current Ratio (MRQ)1.952.23
Debt / Equity (MRQ)0.430.02
Net Debt / EBITDA0.80-1.30

Dividends

Dividend Yield (TTM)

Nextracker (NXT) 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%

NXT

Capital Goods industry group

0.00%

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

Dividend Payout Ratio (TTM)

Nextracker (NXT) 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%

NXT

Capital Goods industry group

0.00%

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

Dividend Metrics

Dividend metrics for Dover (DOV) and Nextracker (NXT)
MetricDOVNXT
Dividend Yield (TTM)1.03%0.00%
Dividend Payout Ratio (TTM)24.33%0.00%

Valuation

P/E Ratio (TTM)

Both Dover (DOV) at 23.79 and Nextracker (NXT) at 26.42 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

NXT

Capital Goods industry group

26.42

Max
59.38
Q3
35.92
NXT
26.42
Median
25.41
Q1
19.47
Min
3.03
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Dover (DOV) vs. Nextracker (NXT): 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 Nextracker (NXT) at 4.17 sits in the pricier quartile — NXT 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

NXT

Capital Goods industry group

4.17

Max
7.54
NXT
4.17
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Dover (DOV) vs. Nextracker (NXT): 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 Nextracker (NXT) at 5.98 carries an above-peer premium to book — NXT 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

NXT

Capital Goods industry group

5.98

Max
9.66
NXT
5.98
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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Dover (DOV) vs. Nextracker (NXT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Dover (DOV) and Nextracker (NXT)
MetricDOVNXT
P/E Ratio (TTM)23.7926.42
P/S Ratio (TTM)3.164.17
P/B Ratio (MRQ)3.555.98
Free Cash Flow Yield (TTM)3.18%2.32%