AMETEK, Inc. (AME) vs Dover Corporation (DOV)

AMETEK, Inc. and Dover Corporation are both Specialty Industrial Machinery companies. AMETEK, Inc. is the larger, with a market value of $51.1B against $26.9B — 1.9× the size. Dover Corporation trades at the lower P/E: 23.5× against 31.4×. AMETEK, Inc. grew revenue faster over the last twelve months: 14.3% against 8.24%. AMETEK, Inc. has the higher net margin (19.9% vs 13.6%) and the lower return on invested capital (7.53% vs 9.93%). Both pay a dividend; Dover Corporation yields more (1.03% vs 0.60%). Across the 23 metrics below, Dover Corporation leads on 16 and AMETEK, Inc. on 7.

Valuation

Metric AME DOV Specialty Industrial Machinery median
P/E 31.37 23.53 25.64
P/S 6.25 3.18 2.81
P/B 4.38 3.57 2.99
Price to free cash flow 26.49 22.93 23.82
EV/EBITDA 22.29 15.57 15.15
EV/Sales 6.98 3.36 2.77
Earnings yield 3.19% 4.25% 3.07%
Free cash flow yield 3.77% 4.36% 3.67%

Profitability

Metric AME DOV Specialty Industrial Machinery median
Gross margin 36.42% 39.68% 35.46%
Operating margin 26.05% 17.05% 10.04%
Net margin 19.91% 13.60% 7.24%
Free cash flow margin 23.59% 13.87% 9.04%
Return on equity 14.68% 15.24% 10.73%
Return on assets 8.46% 8.61% 4.51%
Return on invested capital 7.53% 9.93% 5.00%

Growth

Metric AME DOV Specialty Industrial Machinery median
Revenue growth (TTM) 14.34% 8.24% 6.59%
EPS growth (last fiscal year) 7.93% (59.18%) 5.97%
Revenue growth, 5-year CAGR 10.27% 3.90% 8.53%
Net income growth, 5-year CAGR 11.15% 9.86% 6.58%

Health

Metric AME DOV Specialty Industrial Machinery median
Debt to equity 0.57 0.43 0.33
Current ratio 1.43 1.95 2.08
Net debt to EBITDA 0.78 0.54 1.32

Dividend

Metric AME DOV Specialty Industrial Machinery median
Dividend yield 0.60% 1.03% 1.11%
Payout ratio 0.19 0.24 0.31

Size

Metric AME DOV Specialty Industrial Machinery median
Market cap 51.14b 26.94b 2.19b

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