ETN vs DOV vs APH Stock Comparison

Eaton, Dover and Amphenol Prices as of Oct 23, 2026 Peers: Industry group
ETN Eaton Corp plc
$366.04 -16.6% 1M -1.7% 1Y
Market cap
$144.17B
P/E
37.7x
Revenue (TTM)
$30.03B
Div. yield
–
Electrical Equipment Industrials
1 win
DOV DOVER Corp
$199.20 +5.4% 1M +9.9% 1Y
Market cap
$27.27B
P/E
24.0x
Revenue (TTM)
$8.42B
Div. yield
0.01%
Industrial Machinery Industrials
6 wins
APH Amphenol Corp /De/
$74.09 -9.9% 1M -45.2% 1Y
Market cap
$185.41B
P/E
36.0x
Revenue (TTM)
$29.01B
Div. yield
0.01%
Electrical Equipment Industrials
5 wins

Head to Head

12 decided of 12

Dover leads on 6 of the 12 questions below (Dover 6, Amphenol 5, Eaton 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionETNDOVAPHLeader
Larger companyMarket capitalisation $144.17B $27.27B $185.41B APH
Cheaper on earningsLower P/E, profitable companies only 37.7x 24.0x 36.0x DOV
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.4x 19.5x 28.5x DOV
Faster revenue growthRevenue growth, trailing twelve months +15.5% +7.6% +54.2% APH
More profitableNet margin, trailing twelve months 12.8% 13.5% 17.7% APH
Better return on capitalReturn on invested capital 10.3% 10.4% 16.5% APH
Less leveragedLower net debt / EBITDA 3.1x 0.8x 1.5x DOV
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.01% DOV
Better 1-year returnPrice return, last 12 months -1.7% +9.9% -45.2% DOV
Better 5-year returnAnnualised price return, 5 years +17.7%/yr +3.3%/yr +13.3%/yr ETN
Less volatileAnnualised volatility, 1 year 40.5% 24.9% 85.4% DOV
Higher overall scoreMean of the five percentile scores vs peers 45/100 56/100 64/100 APH

Percentile Scorecard

ETNDOVAPH

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

AxisETNDOVAPH
Valuation 14 #174 of 203 46 #110 of 203 19 #165 of 203
Growth 73 #51 of 188 45 #104 of 188 97 #7 of 188
Profitability 74 #49 of 187 80 #39 of 187 98 #5 of 187
Financial Health 20 #179 of 222 68 #71 of 222 40 #133 of 222
Shareholder Returns 43 #87 of 153 42 #89 of 153 68 #50 of 153
Overall 45 56 64
  • ETN ranked among 222 companies in Machinery
  • DOV ranked among 222 companies in Machinery
  • APH ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodETNDOVAPHSPY
1 month -16.6%+5.4%-9.9% -1.0%
3 months -9.4%-1.5%-51.5% +2.9%
6 months -13.7%-11.4%-50.5% +6.4%
Year to date +14.9%+2.0%-45.2% +11.4%
1 year -1.7%+9.9%-45.2% +13.1%
3 years +83.4%+50.5%+87.0% +79.4%
3 years, per year +22.4%+14.6%+23.2% +21.5%
5 years +125.4%+17.7%+86.9% +67.7%
5 years, per year +17.7%+3.3%+13.3% +10.9%
10 years +474.5%+259.3%+349.3% +255.2%
10 years, per year +19.1%+13.6%+16.2% +13.5%

Risk

MeasureETNDOVAPHSPY
Volatility, 1Y 40.5%24.9%85.4% 12.7%
Downside volatility, 1Y 43.6%25.3%113.7% 12.7%
Beta vs S&P 500, 1Y 1.850.901.68 1.00
Return / volatility, 1Y -0.040.40-0.53 1.03
Max drawdown, 5Y -34.7%-36.3%-58.6% -25.4%
From 52-week high -20.4%-14.6%-58.0% -2.5%
52-week high $459.94$233.31$176.32 $779.14
52-week low $315.82$177.43$73.07 $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.

MultipleETNDOVAPH
P/E now vs peer median 37.1xmedian 25.9x 23.7xmedian 25.9x 35.4xmedian 25.9x
P/S now vs peer median 4.7xmedian 1.9x 3.2xmedian 1.9x 6.3xmedian 1.9x
EV/EBITDA now vs peer median 24.9xmedian 13.7x 15.6xmedian 13.7x 21.4xmedian 13.7x
P/FCF now vs peer median 36.1xmedian 21.1x 22.8xmedian 21.1x 38.8xmedian 21.1x
P/B now vs peer median 7.0xmedian 2.3x 3.5xmedian 2.3x 11.7xmedian 2.3x
PEG now vs peer median 2.80median 1.19 4.86median 1.19 0.95median 1.19

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 monthsETNDOVAPH
Revenue $30.03B $8.42B $29.01B
Gross profit $10.78B $3.33B $11.17B
Operating income $5.32B $1.42B $7.84B
Net income $3.83B $1.13B $5.19B
Free cash flow $3.93B $1.18B $4.71B
R&D $844.00M – –
EPS (diluted) $9.83 $8.37 $1.99
Cash & equivalents $483.00M $1.76B $4.73B
Total debt $20.61B $3.26B $61.13B
Shares (diluted) 389.50M 135.55M 2.58B
Enterprise value $141.35B $20.64B $179.99B

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
MetricETNDOVAPH
P/E 37.1x 23.7x 35.4x
P/FCF 36.1x 22.8x 38.8x
P/Operating cash flow 28.7x 19.2x 31.1x
P/S 4.7x 3.2x 6.3x
P/B 7.0x 3.5x 11.7x
P/Tangible book 18.5x 4.4x 17.7x
EV/EBITDA 24.9x 15.6x 21.4x
EV/EBIT 30.5x 20.0x 25.0x
EV/Revenue 5.4x 3.4x 6.8x
EV/FCF 41.2x 24.1x 41.6x
EV/Operating cash flow 32.7x 20.3x 33.4x
PEG (3Y EPS CAGR) 2.80 4.86 0.95

Growth

14 metrics
MetricETNDOVAPH
Revenue growth (1Y) 15.5% 7.6% 54.2%
Revenue CAGR (3Y) 10.8% 2.5% 32.2%
Gross profit growth (1Y) 8.7% 8.5% 70.9%
Gross profit CAGR (3Y) 12.3% 4.9% 40.4%
Operating income growth (1Y) 8.7% 11.0% 86.0%
Operating income CAGR (3Y) 15.9% 4.0% 45.3%
Net income growth (1Y) -2.4% -50.5% 61.8%
Net income CAGR (3Y) 12.2% 3.6% 39.3%
EPS growth (1Y) -2.0% -49.6% 59.6%
EPS CAGR (3Y) 13.3% 4.9% 37.3%
Operating cash flow growth (1Y) 21.9% 20.1% 57.3%
Operating cash flow CAGR (3Y) 14.1% 12.5% 35.7%
Free cash flow growth (1Y) 20.1% 22.4% 67.3%
Free cash flow CAGR (3Y) 13.3% 14.6% 34.4%

Profitability

14 metrics
MetricETNDOVAPH
Gross margin 35.9% 39.6% 38.5%
EBITDA margin 21.7% 21.5% 31.5%
Operating margin 17.7% 16.9% 27.0%
Pretax margin 16.1% 16.8% 25.2%
Net margin 12.8% 13.5% 17.7%
FCF margin 13.1% 14.0% 16.2%
Operating cash flow margin 16.5% 16.6% 20.2%
Return on equity 19.1% 14.9% 34.9%
Return on assets 6.9% 8.3% 11.9%
Return on invested capital 10.3% 10.4% 16.5%
Return on capital employed 12.2% 12.8% 23.0%
Asset turnover 0.5x 0.6x 0.7x
Cash conversion (OCF / net income) 1.3x 1.2x 1.1x
Stock comp / revenue – 0.5% 0.5%

Financial Health

11 metrics
MetricETNDOVAPH
Debt / assets 36.7% 23.8% 42.0%
Debt / equity 1.0x 0.4x 1.2x
Net debt / EBITDA 3.1x 0.8x 1.5x
Debt / FCF 5.2x 2.8x 4.0x
Liabilities / assets 63.9% 43.7% 65.2%
Equity / assets 36.1% 56.3% 34.8%
Interest coverage 12.0x 12.5x 12.4x
Current ratio 1.2x 2.0x 1.9x
Quick ratio 0.7x 1.3x 1.3x
Cash ratio 0.1x 0.7x 0.6x
Altman Z-score 3.57 5.35 5.57

Shareholder Returns

7 metrics
MetricETNDOVAPH
Dividend yield 1.2% 1.0% 0.7%
Net buyback yield 0.4% 2.1% 0.2%
Shareholder yield 1.5% 3.1% 0.8%
Payout ratio (earnings) – 24.8% 19.6%
Payout ratio (FCF) – 23.9% 21.6%
Dividend growth (1Y) – -0.7% 39.3%
Dividend CAGR (3Y) – -0.4% 27.7%

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.

ConsensusETNDOVAPH
Forward P/E 26.4xFY2026 19.5xFY2026 28.5xFY2026
EPS, next fiscal year $13.87FY2026 $10.21FY2026 $2.60FY2026
EPS growth, next FY +14.9%FY2026 +6.2%FY2026 +55.7%FY2026
EPS growth, the year after +14.3% +10.6% +36.2%
Revenue, next fiscal year $31.82BFY2026 $8.14BFY2026 $33.29BFY2026
Revenue growth, next FY +15.9%FY2026 +0.6%FY2026 +44.2%FY2026
Revenue growth, the year after +21.5% +17.0% +33.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersETNDOVAPH
Held by institutions 84.7% 91.1% 96.0%
Institutions holding 2,640 1,163 2,330
Change in shares held, QoQ +1.6% -0.3% +2.6%
Institutions buying 1,398 500 1,360
Institutions selling 891 405 773
Buyers to sellers 1.57 1.23 1.76

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.

ETNDOVAPH
ETN 1.00 0.45 0.28
DOV 0.45 1.00 0.17
APH 0.28 0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ETN, DOV and APH?

Amphenol (APH) is the largest by market capitalisation: Eaton (ETN) $144.17B, Dover (DOV) $27.27B, Amphenol (APH) $185.41B.

Which stock is cheaper, ETN, DOV and APH?

Dover (DOV) trades on the lowest price-to-earnings ratio (Eaton (ETN) 37.7x, Dover (DOV) 24.0x, Amphenol (APH) 36.0x). On next year's consensus earnings, Dover (DOV) is cheapest (Eaton (ETN) 26.4x, Dover (DOV) 19.5x, Amphenol (APH) 28.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Amphenol (APH) grew revenue fastest over the trailing twelve months: Eaton (ETN) +15.5%, Dover (DOV) +7.6%, Amphenol (APH) +54.2%.

Which company is more profitable?

Amphenol (APH) has the highest net margin (Eaton (ETN) 12.8%, Dover (DOV) 13.5%, Amphenol (APH) 17.7%). On return on invested capital, Amphenol (APH) leads (Eaton (ETN) 10.3%, Dover (DOV) 10.4%, Amphenol (APH) 16.5%).

Which stock has performed better?

Over the past year Dover (DOV) returned the most: Eaton (ETN) -1.7%, Dover (DOV) +9.9%, Amphenol (APH) -45.2%. Over five years, Eaton (ETN) compounded fastest (Eaton (ETN) +17.7%/yr, Dover (DOV) +3.3%/yr, Amphenol (APH) +13.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Dover (DOV) has the highest dividend yield: Eaton (ETN) 0.00%, Dover (DOV) 0.01%, Amphenol (APH) 0.01%. Eaton (ETN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Dover (DOV) has been the steadiest (Eaton (ETN) 40.5%, Dover (DOV) 24.9%, Amphenol (APH) 85.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ETN, DOV and APH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Dover (DOV) leads on 6. 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.