DOV vs. WWD: Dover vs. Woodward Stock Comparison

November 11, 2026

How do Dover (DOV) and Woodward (WWD) 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 Woodward (WWD) both fall under the Capital Goods industry group, but DOV is classified in Machinery while WWD is classified in Aerospace & Defense.

Company profile comparison for Dover (DOV) and Woodward (WWD)
Profile Item	DOV	WWD
Name	Dover Corporation	Woodward, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Aerospace & Defense
GICS Sub-Industry	Industrial Machinery & Supplies & Components	Aerospace & Defense
Market Capitalization	27.11 billion USD	18.74 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 17, 1980	April 4, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DOV

WWD

GSPC

Dover (DOV) vs. Woodward (WWD), 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 Woodward (WWD). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Dover (DOV) and Woodward (WWD)
Metric	DOV	WWD
Total Return (1Y)	18.59%	25.66%
Total Return (3Y, Annualized)	18.73%	36.83%
Total Return (5Y, Annualized)	5.12%	23.54%

Risk Profile

Drawdown History

DOV

WWD

GSPC

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

Risk Metrics

Risk profile metrics for Dover (DOV) and Woodward (WWD)
Metric	DOV	WWD
Volatility (1Y, Annualized)	25.76%	40.29%
Beta (5Y)	1.08	0.87
Max Drawdown (5Y)	-35.56%	-37.25%
Avg. Volume (3M)	1.21M	665.85K

Risk-Adjusted Performance

Risk-Return Positioning

DOV and WWD 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 Woodward (WWD)
Metric	DOV	WWD
Sharpe Ratio (1Y)	0.56	0.53
Sortino Ratio (1Y)	0.81	0.85

Profitability

ROE (TTM)

Woodward (WWD) at 22.34% sits in the top ROE quartile, while Dover (DOV) at 15.20% is closer to the peer norm — stronger capital efficiency for WWD.

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%

WWD

Capital Goods industry group

22.34%

Max: 40.55%
WWD: 22.34%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Dover (DOV) vs. Woodward (WWD): 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 Woodward (WWD) at 13.17% 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%

WWD

Capital Goods industry group

13.17%

Max: 27.47%
WWD: 13.17%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Dover (DOV) vs. Woodward (WWD): 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 Woodward (WWD) at 17.76%, 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%

WWD

Capital Goods industry group

17.76%

Max: 36.60%
Q3: 18.33%
WWD: 17.76%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Dover (DOV) vs. Woodward (WWD): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Dover (DOV) and Woodward (WWD)
Metric	DOV	WWD
ROE (TTM)	15.20%	22.34%
ROA (TTM)	7.23%	8.62%
Net Margin (TTM)	13.60%	13.17%
Operating Margin (TTM)	19.66%	17.76%
Gross Margin (TTM)	40.23%	29.63%

Growth

Revenue Growth

Both Dover (DOV) at 4.48% and Woodward (WWD) at 7.30% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Woodward (WWD) at 19.63% is around its peer norm for EPS growth, while Dover (DOV) at -59.18% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Dover (DOV) and Woodward (WWD)
Metric	DOV	WWD
Revenue Growth (YoY)	4.48%	7.30%
Revenue Growth (3Y CAGR)	1.04%	14.40%
EPS Growth (YoY)	-59.18%	19.63%
EPS Growth (3Y CAGR)	2.28%	38.44%

Financial Strength

Current Ratio (MRQ)

Both Dover (DOV) at 1.95 and Woodward (WWD) at 1.65 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

WWD

Capital Goods industry group

1.65

Max: 5.22
Q3: 2.95
Median: 2.08
WWD: 1.65
Q1: 1.43
Min: 0.36

Dover (DOV) vs. Woodward (WWD): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Dover (DOV) at 0.43 and Woodward (WWD) at 0.56 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

WWD

Capital Goods industry group

0.56

Max: 2.33
Q3: 1.12
Median: 0.60
WWD: 0.56
Q1: 0.29
Min: 0.00

Dover (DOV) vs. Woodward (WWD): 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 Woodward (WWD)
Metric	DOV	WWD
Current Ratio (MRQ)	1.95	1.65
Debt / Equity (MRQ)	0.43	0.56
Net Debt / EBITDA	0.80	1.13

Dividends

Dividend Yield (TTM)

Both Dover (DOV) at 1.03% and Woodward (WWD) at 0.32% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

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%

WWD

Capital Goods industry group

0.32%

Max: 2.66%
Q3: 1.14%
WWD: 0.32%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Dover (DOV) vs. Woodward (WWD): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Dover (DOV) at 24.33% and Woodward (WWD) at 13.35% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

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%

WWD

Capital Goods industry group

13.35%

Max: 67.39%
Q3: 28.02%
WWD: 13.35%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Dover (DOV) vs. Woodward (WWD): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Dover (DOV) and Woodward (WWD)
Metric	DOV	WWD
Dividend Yield (TTM)	1.03%	0.32%
Dividend Payout Ratio (TTM)	24.33%	13.35%

Valuation

P/E Ratio (TTM)

Both Dover (DOV) at 23.79 and Woodward (WWD) at 35.30 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

WWD

Capital Goods industry group

35.30

Max: 59.38
Q3: 35.92
WWD: 35.30
Median: 25.41
Q1: 19.47
Min: 3.03

Dover (DOV) vs. Woodward (WWD): 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 Woodward (WWD) at 4.47 sits in the pricier quartile — WWD 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

WWD

Capital Goods industry group

4.47

Max: 7.54
WWD: 4.47
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Dover (DOV) vs. Woodward (WWD): 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 Woodward (WWD) at 7.60 carries an above-peer premium to book — WWD 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

WWD

Capital Goods industry group

7.60

Max: 9.66
WWD: 7.60
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Dover (DOV) vs. Woodward (WWD): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Dover (DOV) and Woodward (WWD)
Metric	DOV	WWD
P/E Ratio (TTM)	23.79	35.30
P/S Ratio (TTM)	3.16	4.47
P/B Ratio (MRQ)	3.55	7.60
Free Cash Flow Yield (TTM)	3.18%	1.00%