Fortive
FTV · Industrial Machinery & Supplies & Components
$60.25
0.3%Mueller Industries
MLI · Industrial Machinery & Supplies & Components
$54.11
0.8%The short version
- Mueller Industries is the larger business, with $4.2B of revenue in fiscal 2025 against $4.2B for Fortive.
- Mueller Industries grew revenue faster (10.9%, against 1.9%).
- Mueller Industries kept more of each dollar of sales as operating profit (22.9% operating margin, against 17.3% operating margin).
- Fortive turned more of its sales into free cash flow (23.5% FCF margin, against 16.4% FCF margin).
- Mueller Industries earned a higher return on the capital invested in it (40.3%, against 5.7%).
| Latest fiscal year | FTV · FY25 | MLI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $18.8B | $11.9B |
| Revenue | $4.2B | $4.2B |
| Free cash flow | $978M | $687M |
| Net income | $579M | $765M |
| Growth | ||
| Revenue growth | 1.9% | 10.9% |
| 5-year growth | −2.1% | 11.8% |
| Share count change | −5.2% | −2.2% |
| Profitability | ||
| Gross margin | 63.5% | — |
| Operating margin | 17.3% | 22.9% |
| Net margin | 13.9% | 18.3% |
| FCF margin | 23.5% | 16.4% |
| Return on capital | 5.7% | 40.3% |
| Return on equity | 7.0% | 25.6% |
| Balance sheet | ||
| Net debt | $2.8B | −$1.4B |
| Net debt / EBITDA | 2.4x | −1.4x |
| Dividends and buybacks | $1.7B | $353M |
| Valuation & quality | ||
| P/E | 36.1x | — |
| Piotroski F-score | 5 | 6 |
FY16
FTV $5.4B
MLI $2.1B
FY17
FTV $5.8B
MLI $2.3B
FY18
FTV $6.5B
MLI $2.5B
FY19
FTV $4.6B
MLI $2.4B
FY20
FTV $4.6B
MLI $2.4B
FY21
FTV $5.3B
MLI $3.8B
FY22
FTV $5.8B
MLI $4.0B
FY23
FTV $3.9B
MLI $3.4B
FY24
FTV $4.1B
MLI $3.8B
FY25
FTV $4.2B
MLI $4.2B
FTV
MLI
FY16
FTV 19.7%
MLI 7.5%
FY17
FTV 19.9%
MLI 6.7%
FY18
FTV 10.0%
MLI 6.9%
FY19
FTV 9.7%
MLI 7.9%
FY20
FTV 11.6%
MLI 10.3%
FY21
FTV 15.5%
MLI 17.4%
FY22
FTV 17.0%
MLI 22.0%
FY23
FTV 14.7%
MLI 22.1%
FY24
FTV 17.6%
MLI 20.4%
FY25
FTV 17.3%
MLI 22.9%
FTV
MLI
FY16
FTV $1.0B
MLI $120M
FY17
FTV $1.1B
MLI −$2.1M
FY18
FTV $1.3B
MLI $129M
FY19
FTV $1.2B
MLI $169M
FY20
FTV $1.4B
MLI $201M
FY21
FTV $911M
MLI $280M
FY22
FTV $1.2B
MLI $686M
FY23
FTV $1.3B
MLI $619M
FY24
FTV $1.4B
MLI $566M
FY25
FTV $978M
MLI $687M
FTV
MLI
FY16
FTV 14.9%
MLI 12.8%
FY17
FTV 15.5%
MLI 12.5%
FY18
FTV 7.1%
MLI 14.7%
FY19
FTV 3.3%
MLI 15.6%
FY20
FTV 4.4%
MLI 18.4%
FY21
FTV 6.1%
MLI 44.6%
FY22
FTV 6.9%
MLI 56.6%
FY23
FTV 4.5%
MLI 50.1%
FY24
FTV 5.4%
MLI 40.7%
FY25
FTV 5.7%
MLI 40.3%
FTV
MLI
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.