Dover Corporation (DOV) vs Otis Worldwide Corporation (OTIS)

Dover Corporation and Otis Worldwide Corporation are both Specialty Industrial Machinery companies. Dover Corporation and Otis Worldwide Corporation are of similar size ($25.4B and $25.3B). Otis Worldwide Corporation trades at the lower P/E: 16.8× against 22.9×. Dover Corporation grew revenue faster over the last twelve months: 7.56% against 5.24%. Dover Corporation has the higher net margin (13.5% vs 10.2%) and the lower return on invested capital (9.64% vs 69.4%). Both pay a dividend; Otis Worldwide Corporation yields more (1.61% vs 1.31%). Across the 22 metrics below, Otis Worldwide Corporation leads on 12 and Dover Corporation on 10.

Valuation

Metric DOV OTIS Specialty Industrial Machinery median
P/E 22.93 16.82 29.62
P/S 3.07 1.69 2.77
P/B 3.35 n/m 3.04
Price to free cash flow 21.96 14.52 23.81
EV/EBITDA 15.09 13.35 16.05
EV/Sales 3.25 2.20 2.94
Earnings yield 4.36% 5.94% 3.08%
Free cash flow yield 4.55% 6.89% 3.12%

Profitability

Metric DOV OTIS Specialty Industrial Machinery median
Gross margin 39.58% 30.17% 35.90%
Operating margin 16.87% 15.35% 11.22%
Net margin 13.48% 10.17% 7.80%
Free cash flow margin 13.97% 11.66% 9.51%
Return on equity 14.98% (28.00%) 11.10%
Return on assets 8.45% 14.00% 4.63%
Return on invested capital 9.64% 69.35% 5.37%

Growth

Metric DOV OTIS Specialty Industrial Machinery median
Revenue growth (TTM) 7.56% 5.24% 6.45%
EPS growth (last fiscal year) (59.18%) (14.00%) —
Revenue growth, 5-year CAGR 3.90% 2.50% 8.31%
Net income growth, 5-year CAGR 9.86% 8.84% 5.04%

Health

Metric DOV OTIS Specialty Industrial Machinery median
Debt to equity 0.42 (1.52) 0.35
Current ratio 1.98 0.83 2.11
Net debt to EBITDA 0.54 2.97 1.32

Dividend

Metric DOV OTIS Specialty Industrial Machinery median
Dividend yield 1.31% 1.61% 1.12%
Payout ratio 0.28 0.38 0.17

Size

Metric DOV OTIS Specialty Industrial Machinery median
Market cap 25.31b 25.40b 1.97b

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