NDSN vs MTD vs DOV Stock Comparison

Nordson, Mettler Toledo International and Dover Prices as of Oct 27, 2026 Peers: Industry group
NDSN Nordson Corp
$324.30 -0.5% 1M +36.1% 1Y
Market cap
$18.09B
P/E
32.6x
Revenue (TTM)
$2.98B
Div. yield
0.01%
Industrial Machinery Industrials
4 wins
DOV DOVER Corp
$206.21 +7.5% 1M +15.9% 1Y
Market cap
$27.99B
P/E
24.0x
Revenue (TTM)
$8.58B
Div. yield
–
Industrial Machinery Industrials
3 wins

Head to Head

11 decided of 12

Mettler Toledo International leads on 4 of the 12 questions below (Mettler Toledo International 4, Nordson 4, Dover 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNDSNMTDDOVLeader
Larger companyMarket capitalisation $18.09B $34.28B $27.99B MTD
Cheaper on earningsLower P/E, profitable companies only 32.6x 37.9x 24.0x DOV
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.1x 33.5x 20.2x DOV
Faster revenue growthRevenue growth, trailing twelve months +7.0% +6.9% +8.2% DOV
More profitableNet margin, trailing twelve months 18.6% 21.9% — MTD
Better return on capitalReturn on invested capital 13.1% 47.1% — MTD
Less leveragedLower net debt / EBITDA 1.7x 1.5x — MTD
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +36.1% +18.8% +15.9% NDSN
Better 5-year returnAnnualised price return, 5 years +5.3%/yr +2.7%/yr +4.1%/yr NDSN
Less volatileAnnualised volatility, 1 year 22.2% 33.0% 24.9% NDSN
Higher overall scoreMean of the five percentile scores vs peers 57/100 51/100 40/100 NDSN

Percentile Scorecard

NDSNMTDDOV

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

AxisNDSNMTDDOV
Valuation 30 #142 of 203 12 #178 of 203 45 #113 of 203
Growth 55 #85 of 188 38 #117 of 188 45 #104 of 188
Profitability 96 #8 of 183 100 #1 of 183 –
Financial Health 54 #101 of 217 24 #166 of 217 –
Shareholder Returns 51 #76 of 153 80 #32 of 153 32 #105 of 153
Overall 57 51 40
  • NDSN ranked among 222 companies in Machinery
  • MTD ranked among 222 companies in Machinery
  • DOV ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodNDSNMTDDOVSPY
1 month -0.5%+11.5%+7.5% -0.2%
3 months +7.2%+21.3%+1.6% +3.9%
6 months +15.1%+33.5%-8.0% +8.2%
Year to date +34.9%+20.9%+5.6% +12.9%
1 year +36.1%+18.8%+15.9% +12.3%
3 years +52.9%+72.7%+60.6% +87.4%
3 years, per year +15.2%+20.0%+17.1% +23.3%
5 years +29.2%+14.0%+22.0% +67.9%
5 years, per year +5.3%+2.7%+4.1% +10.9%
10 years +225.5%+323.9%+278.2% +261.1%
10 years, per year +12.5%+15.5%+14.2% +13.7%

Risk

MeasureNDSNMTDDOVSPY
Volatility, 1Y 22.2%33.0%24.9% 12.7%
Downside volatility, 1Y 21.2%33.9%25.2% 12.7%
Beta vs S&P 500, 1Y 0.880.820.93 1.00
Return / volatility, 1Y 1.620.570.64 0.97
Max drawdown, 5Y -39.9%-43.5%-36.3% -25.4%
From 52-week high -3.1%0.0%-11.6% -1.2%
52-week high $334.70$1,685.92$233.31 $779.14
52-week low $226.69$1,025.53$177.96 $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.

MultipleNDSNMTDDOV
P/E now vs peer median 32.5xmedian 25.2x 37.5xmedian 25.2x 23.8xmedian 25.2x
P/S now vs peer median 6.1xmedian 1.9x 8.8xmedian 1.9x 3.2xmedian 1.9x
EV/EBITDA now vs peer median 21.2xmedian 14.0x 28.4xmedian 14.0x —median 14.0x
P/FCF now vs peer median 24.9xmedian 21.7x 42.3xmedian 21.7x 21.7xmedian 21.7x
P/B now vs peer median 5.5xmedian 2.3x 2,851xmedian 2.3x —median 2.3x
PEG now vs peer median 7.39median 1.32 5.42median 1.32 4.18median 1.32

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 monthsNDSNMTDDOV
Revenue $2.98B $4.13B $8.58B
Gross profit $1.65B $2.49B $3.40B
Operating income $800.96M $1.23B –
Net income $555.18M $905.61M –
Free cash flow $724.01M $863.97M –
R&D – $208.01M –
EPS (diluted) $9.91 $44.91 $8.60
Cash & equivalents $113.43M $51.40M –
Total debt $1.73B $2.11B –
Shares (diluted) 56.03M 20.17M 135.55M
Enterprise value $17.64B $34.04B $27.99B

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
MetricNDSNMTDDOV
P/E 32.5x 37.5x 23.8x
P/FCF 24.9x 42.3x 21.7x
P/Operating cash flow 23.4x 37.5x 19.7x
P/S 6.1x 8.8x 3.2x
P/B 5.5x 2,851x –
P/Tangible book 6.8x -144.2x –
EV/EBITDA 21.2x 28.4x –
EV/EBIT 24.6x 31.4x –
EV/Revenue 6.6x 9.3x 3.2x
EV/FCF 27.2x 44.7x –
EV/Operating cash flow 25.4x 39.6x 19.7x
PEG (3Y EPS CAGR) 7.39 5.42 4.18

Growth

14 metrics
MetricNDSNMTDDOV
Revenue growth (1Y) 7.0% 6.9% 8.2%
Revenue CAGR (3Y) 4.7% 1.5% 4.1%
Gross profit growth (1Y) 8.4% 7.5% 8.3%
Gross profit CAGR (3Y) 5.5% 2.0% 6.1%
Operating income growth (1Y) 18.4% 6.3% –
Operating income CAGR (3Y) 6.4% 0.2% –
Net income growth (1Y) 22.0% 9.1% –
Net income CAGR (3Y) 3.5% 3.7% –
EPS growth (1Y) 23.5% 12.2% -47.2%
EPS CAGR (3Y) 4.4% 6.9% 5.7%
Operating cash flow growth (1Y) 26.2% 2.5% 14.3%
Operating cash flow CAGR (3Y) 5.9% 0.2% 12.1%
Free cash flow growth (1Y) 33.3% 1.9% –
Free cash flow CAGR (3Y) 5.6% 0.2% –

Profitability

14 metrics
MetricNDSNMTDDOV
Gross margin 55.3% 60.3% –
EBITDA margin 31.2% 32.9% –
Operating margin 26.9% 29.7% –
Pretax margin 22.6% 26.5% –
Net margin 18.6% 21.9% –
FCF margin 24.3% 20.9% –
Operating cash flow margin 26.0% 23.6% 16.4%
Return on equity 17.2% – –
Return on assets 9.3% 24.7% –
Return on invested capital 13.1% 47.1% –
Return on capital employed 15.3% 49.8% –
Asset turnover 0.5x 1.1x –
Cash conversion (OCF / net income) 1.4x 1.1x –
Stock comp / revenue 0.8% 0.6% –

Financial Health

11 metrics
MetricNDSNMTDDOV
Debt / assets 29.1% 57.5% –
Debt / equity 0.5x 164.7x –
Net debt / EBITDA 1.7x 1.5x –
Debt / FCF 2.4x 2.4x –
Liabilities / assets 45.0% 99.7% –
Equity / assets 55.0% 0.3% –
Interest coverage 8.8x 17.7x –
Current ratio 1.8x 1.1x –
Quick ratio 1.0x 0.7x –
Cash ratio 0.2x 0.0x –
Altman Z-score 6.26 11.95 –

Shareholder Returns

7 metrics
MetricNDSNMTDDOV
Dividend yield 1.0% – 1.0%
Net buyback yield 1.1% 2.1% –
Shareholder yield 2.1% 2.1% 1.0%
Payout ratio (earnings) 33.0% – –
Payout ratio (FCF) 25.3% – –
Dividend growth (1Y) 3.3% – –
Dividend CAGR (3Y) 7.2% – –

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.

ConsensusNDSNMTDDOV
Forward P/E 29.1xFY2026 33.5xFY2026 20.2xFY2026
EPS, next fiscal year $11.14FY2026 $50.31FY2026 $10.22FY2026
EPS growth, next FY +8.8%FY2026 +17.7%FY2026 +6.3%FY2026
EPS growth, the year after +21.5% +5.0% +11.4%
Revenue, next fiscal year $3.19BFY2026 $4.52BFY2026 $8.16BFY2026
Revenue growth, next FY +14.3%FY2026 +12.2%FY2026 +0.8%FY2026
Revenue growth, the year after +5.7% +3.8% +17.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNDSNMTDDOV
Held by institutions 76.0% 94.4% 91.1%
Institutions holding 755 804 1,163
Change in shares held, QoQ +3.1% +3.1% -0.3%
Institutions buying 389 331 500
Institutions selling 240 324 405
Buyers to sellers 1.62 1.02 1.23

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.

NDSNMTDDOV
NDSN 1.00 0.38 0.58
MTD 0.38 1.00 0.27
DOV 0.58 0.27 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NDSN, MTD and DOV?

Mettler Toledo International (MTD) is the largest by market capitalisation: Nordson (NDSN) $18.09B, Mettler Toledo International (MTD) $34.28B, Dover (DOV) $27.99B.

Which stock is cheaper, NDSN, MTD and DOV?

Dover (DOV) trades on the lowest price-to-earnings ratio (Nordson (NDSN) 32.6x, Mettler Toledo International (MTD) 37.9x, Dover (DOV) 24.0x). On next year's consensus earnings, Dover (DOV) is cheapest (Nordson (NDSN) 29.1x, Mettler Toledo International (MTD) 33.5x, Dover (DOV) 20.2x). 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: Nordson (NDSN) +7.0%, Mettler Toledo International (MTD) +6.9%, Dover (DOV) +8.2%.

Which company is more profitable?

Mettler Toledo International (MTD) has the highest net margin (Nordson (NDSN) 18.6%, Mettler Toledo International (MTD) 21.9%). On return on invested capital, Mettler Toledo International (MTD) leads (Nordson (NDSN) 13.1%, Mettler Toledo International (MTD) 47.1%).

Which stock has performed better?

Over the past year Nordson (NDSN) returned the most: Nordson (NDSN) +36.1%, Mettler Toledo International (MTD) +18.8%, Dover (DOV) +15.9%. Over five years, Nordson (NDSN) compounded fastest (Nordson (NDSN) +5.3%/yr, Mettler Toledo International (MTD) +2.7%/yr, Dover (DOV) +4.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Nordson (NDSN) 0.01%, Mettler Toledo International (MTD) 0.00%, Dover (DOV) 0.00%. Mettler Toledo International (MTD) and Dover (DOV) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Nordson (NDSN) has been the steadiest (Nordson (NDSN) 22.2%, Mettler Toledo International (MTD) 33.0%, Dover (DOV) 24.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NDSN, MTD and DOV?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Mettler Toledo International (MTD) 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.