DOV vs ITW vs JCI Stock Comparison

Dover, Illinois Tool Works and Johnson Controls International Prices as of Nov 2, 2026 Peers: Industry group
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DOV DOVER Corp
$215.90 +13.8% 1M +19.0% 1Y
Market cap
$29.08B
P/E
25.6x
Revenue (TTM)
$8.42B
Div. yield
0.97%
Industrial Machinery Industrials
4 wins
ITW Illinois Tool Works Inc
$290.11 +10.3% 1M +18.9% 1Y
Market cap
$82.45B
P/E
25.6x
Revenue (TTM)
$16.65B
Div. yield
2.26%
Industrial Machinery Industrials
4 wins

Head to Head

12 decided of 12

Johnson Controls International leads on 4 of the 12 questions below (Johnson Controls International 4, Dover 4, Illinois Tool Works 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDOVITWJCILeader
Larger companyMarket capitalisation $29.08B $82.45B $88.72B JCI
Cheaper on earningsLower P/E, profitable companies only 25.6x 25.6x 24.9x JCI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.1x 27.2x 22.9x DOV
Faster revenue growthRevenue growth, trailing twelve months +7.6% +4.8% +6.8% DOV
More profitableNet margin, trailing twelve months 13.5% 19.4% 14.3% ITW
Better return on capitalReturn on invested capital 10.4% 27.1% 10.5% ITW
Less leveragedLower net debt / EBITDA 0.8x 1.8x 2.3x DOV
Higher dividend yieldTrailing dividend yield 0.97% 2.26% 1.09% ITW
Better 1-year returnPrice return, last 12 months +19.0% +18.9% +28.0% JCI
Better 5-year returnAnnualised price return, 5 years +4.9%/yr +4.8%/yr +15.1%/yr JCI
Less volatileAnnualised volatility, 1 year 25.3% 21.7% 32.4% ITW
Higher overall scoreMean of the five percentile scores vs peers 55/100 48/100 44/100 DOV

Percentile Scorecard

DOVITWJCI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDOVITWJCI
Valuation 44 #114 of 203 25 #152 of 203 13 #48 of 55
Growth 44 #106 of 189 32 #128 of 189 88 #7 of 51
Profitability 77 #44 of 187 100 #2 of 187 62 #20 of 51
Financial Health 70 #67 of 221 27 #162 of 221 26 #44 of 59
Shareholder Returns 39 #93 of 152 58 #64 of 152 33 #28 of 41
Overall 55 48 44
  • DOV ranked among 223 companies in Machinery
  • ITW ranked among 223 companies in Machinery
  • JCI ranked among 59 companies in Construction Products

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDOVITWJCISPY
1 month +13.8%+10.3%-6.3% -2.3%
3 months +4.9%+0.6%+0.0% -0.7%
6 months -2.2%+15.3%+1.4% +4.8%
Year to date +10.6%+17.8%+22.3% +10.3%
1 year +19.0%+18.9%+28.0% +10.3%
3 years +60.7%+24.5%+184.5% +73.0%
3 years, per year +17.1%+7.6%+41.7% +20.1%
5 years +27.0%+26.5%+102.1% +61.9%
5 years, per year +4.9%+4.8%+15.1% +10.1%
10 years +303.2%+155.8%+254.2% +258.6%
10 years, per year +15.0%+9.8%+13.5% +13.6%

Risk

MeasureDOVITWJCISPY
Volatility, 1Y 25.3%21.7%32.4% 12.8%
Downside volatility, 1Y 25.3%20.8%33.9% 12.8%
Beta vs S&P 500, 1Y 0.920.471.22 1.00
Return / volatility, 1Y 0.750.870.86 0.80
Max drawdown, 5Y -36.3%-28.9%-43.1% -25.4%
From 52-week high -7.5%-3.2%-7.7% -3.5%
52-week high $233.31$299.60$158.77 $779.14
52-week low $178.03$241.07$110.85 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDOVITWJCI
P/E now vs peer median 25.6xmedian 25.6x 25.6xmedian 25.6x 24.9xmedian 21.6x
P/S now vs peer median 3.5xmedian 1.9x 5.0xmedian 1.9x 3.5xmedian 1.6x
EV/EBITDA now vs peer median 16.9xmedian 14.4x 18.8xmedian 14.4x 25.9xmedian 13.2x
P/FCF now vs peer median 24.7xmedian 22.5x 28.7xmedian 22.5x 28.0xmedian 17.4x
P/B now vs peer median 3.8xmedian 2.2x 26.2xmedian 2.2x 6.6xmedian 2.9x
PEG now vs peer median 5.27median 1.36 8.84median 1.36 1.00median 1.00

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDOVITWJCI
Revenue $8.42B $16.65B $25.00B
Gross profit $3.33B $7.38B $9.16B
Operating income $1.42B $4.43B $2.99B
Net income $1.13B $3.23B $3.58B
Free cash flow $1.18B $2.87B $3.17B
EPS (diluted) $8.37 $11.31 $5.87
Cash & equivalents $1.76B $809.00M $641.00M
Total debt $3.26B $9.37B $9.48B
Shares (diluted) 135.55M 285.30M 610.00M
Enterprise value $22.45B $79.12B $86.49B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDOVITWJCI
P/E 25.6x 25.6x 24.9x
P/FCF 24.7x 28.7x 28.0x
P/Operating cash flow 20.8x 25.3x 25.1x
P/S 3.5x 5.0x 3.5x
P/B 3.8x 26.2x 6.6x
P/Tangible book 4.8x 31.7x 8.9x
EV/EBITDA 16.9x 18.8x 25.9x
EV/EBIT 21.5x 20.5x 32.7x
EV/Revenue 3.6x 5.5x 3.9x
EV/FCF 26.0x 31.7x 30.8x
EV/Operating cash flow 21.9x 27.9x 27.6x
PEG (3Y EPS CAGR) 5.27 8.84 1.00

Growth

14 metrics
MetricDOVITWJCI
Revenue growth (1Y) 7.6% 4.8% 6.8%
Revenue CAGR (3Y) 2.5% 1.1% 4.4%
Gross profit growth (1Y) 8.5% 5.7% 7.7%
Gross profit CAGR (3Y) 4.9% 2.8% 5.5%
Operating income growth (1Y) 11.0% 6.4% 14.1%
Operating income CAGR (3Y) 4.0% 3.1% 27.4%
Net income growth (1Y) -50.5% 6.7% 60.4%
Net income CAGR (3Y) 3.6% 0.9% 20.0%
EPS growth (1Y) -49.6% 9.1% 72.9%
EPS CAGR (3Y) 4.9% 2.9% 25.0%
Operating cash flow growth (1Y) 20.1% -0.5% 20.5%
Operating cash flow CAGR (3Y) 12.5% -0.5% 41.2%
Free cash flow growth (1Y) 22.4% 0.8% 29.8%
Free cash flow CAGR (3Y) 14.6% 0.4% 56.0%

Profitability

14 metrics
MetricDOVITWJCI
Gross margin 39.6% 44.3% 36.7%
EBITDA margin 21.5% 29.0% 15.1%
Operating margin 16.9% 26.6% 12.0%
Pretax margin 16.8% 25.2% 10.9%
Net margin 13.5% 19.4% 14.3%
FCF margin 14.0% 17.2% 12.7%
Operating cash flow margin 16.6% 19.6% 14.2%
Return on equity 14.9% 106.9% 27.0%
Return on assets 8.3% 19.6% 9.5%
Return on invested capital 10.4% 27.1% 10.5%
Return on capital employed 12.8% 38.9% 11.0%
Asset turnover 0.6x 1.0x 0.6x
Cash conversion (OCF / net income) 1.2x 1.0x 1.0x
Stock comp / revenue 0.5% 0.5% 0.5%

Financial Health

11 metrics
MetricDOVITWJCI
Debt / assets 23.8% 56.8% 24.4%
Debt / equity 0.4x 3.0x 0.7x
Net debt / EBITDA 0.8x 1.8x 2.3x
Debt / FCF 2.8x 3.3x 3.0x
Liabilities / assets 43.7% 81.0% 65.1%
Equity / assets 56.3% 19.0% 34.9%
Interest coverage 12.5x 14.3x –
Current ratio 2.0x 1.3x 1.0x
Quick ratio 1.3x 0.8x 0.9x
Cash ratio 0.7x 0.2x 0.1x
Altman Z-score 5.58 8.35 –

Shareholder Returns

7 metrics
MetricDOVITWJCI
Dividend yield 1.0% 2.3% 1.1%
Net buyback yield 1.9% 2.0% 6.6%
Shareholder yield 2.9% 4.2% 7.7%
Payout ratio (earnings) 24.8% 57.4% 27.3%
Payout ratio (FCF) 23.9% 64.6% 30.8%
Dividend growth (1Y) -0.7% 5.2% -0.3%
Dividend CAGR (3Y) -0.4% 5.1% 0.2%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDOVITWJCI
Forward P/E 21.1xFY2026 27.2xFY2026 22.9xFY2027
EPS, next fiscal year $10.22FY2026 $10.67FY2026 $6.41FY2027
EPS growth, next FY +6.3%FY2026 +1.7%FY2026 +36.6%FY2027
EPS growth, the year after +11.4% +19.3% +8.4%
Revenue, next fiscal year $8.16BFY2026 $16.46BFY2026 $26.80BFY2026
Revenue growth, next FY +0.8%FY2026 +2.6%FY2026 +13.6%FY2026
Revenue growth, the year after +17.8% +11.4% +6.3%
DOV estimates →ITW estimates →JCI estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDOVITWJCI
Held by institutions 91.1% 84.9% 89.5%
Institutions holding 1,165 1,971 1,599
Change in shares held, QoQ -0.3% +0.8% -1.1%
Institutions buying 501 847 791
Institutions selling 406 751 558
Buyers to sellers 1.23 1.13 1.42
DOV holders →ITW holders →JCI holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DOVITWJCI
DOV 1.00 0.61 0.49
ITW 0.61 1.00 0.27
JCI 0.49 0.27 1.00

Add a Peer

Largest companies in the same industry
DOV · Industrial Machinery
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Plot all 168 Industrial Machinery stocks → Plot all 49 HVAC stocks →

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Frequently Asked Questions

Which is bigger, DOV, ITW and JCI?

Johnson Controls International (JCI) is the largest by market capitalisation: Dover (DOV) $29.08B, Illinois Tool Works (ITW) $82.45B, Johnson Controls International (JCI) $88.72B.

Which stock is cheaper, DOV, ITW and JCI?

Johnson Controls International (JCI) trades on the lowest price-to-earnings ratio (Dover (DOV) 25.6x, Illinois Tool Works (ITW) 25.6x, Johnson Controls International (JCI) 24.9x). On next year's consensus earnings, Dover (DOV) is cheapest (Dover (DOV) 21.1x, Illinois Tool Works (ITW) 27.2x, Johnson Controls International (JCI) 22.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Dover (DOV) grew revenue fastest over the trailing twelve months: Dover (DOV) +7.6%, Illinois Tool Works (ITW) +4.8%, Johnson Controls International (JCI) +6.8%.

Which company is more profitable?

Illinois Tool Works (ITW) has the highest net margin (Dover (DOV) 13.5%, Illinois Tool Works (ITW) 19.4%, Johnson Controls International (JCI) 14.3%). On return on invested capital, Illinois Tool Works (ITW) leads (Dover (DOV) 10.4%, Illinois Tool Works (ITW) 27.1%, Johnson Controls International (JCI) 10.5%).

Which stock has performed better?

Over the past year Johnson Controls International (JCI) returned the most: Dover (DOV) +19.0%, Illinois Tool Works (ITW) +18.9%, Johnson Controls International (JCI) +28.0%. Over five years, Johnson Controls International (JCI) compounded fastest (Dover (DOV) +4.9%/yr, Illinois Tool Works (ITW) +4.8%/yr, Johnson Controls International (JCI) +15.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Illinois Tool Works (ITW) has the highest dividend yield: Dover (DOV) 0.97%, Illinois Tool Works (ITW) 2.26%, Johnson Controls International (JCI) 1.09%.

Which stock is riskier?

By one-year price volatility, Illinois Tool Works (ITW) has been the steadiest (Dover (DOV) 25.3%, Illinois Tool Works (ITW) 21.7%, Johnson Controls International (JCI) 32.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DOV, ITW and JCI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Johnson Controls International (JCI) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.