Fortive vs ITT
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KIRA’s take AI analyst
I put Fortive and ITT side by side, using each one’s latest annual report. Here is what stands out:
- Fortive is the larger business, with $4.2B of revenue in fiscal 2025 against $3.9B for ITT.
- ITT grew revenue faster (8.5%, against 1.9%).
- Fortive turned more of its sales into free cash flow (23.5% FCF margin, against 13.9%).
- ITT earned a higher return on the capital invested in it (16.8%, against 5.7%).
- Investors pay more for each dollar of ITT’s earnings: a P/E of 38.0x against 36.9x for Fortive.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
Fortive
FTV
4/11
Gross marginNet marginFCF marginShare count change
ITT
ITT
7/11
Revenue growth5-year growthOperating marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | FTV FY25 | ITT FY25 |
|---|---|---|
| Size | ||
| Market cap | $19.3B | $17.5B |
| Revenue | $4.2B | $3.9B |
| Free cash flow | $978M | $548M |
| Net income | $579M | $488M |
| Growth | ||
| Revenue growth | 1.9% | 8.5% |
| 5-year growth | −2.1% | 9.7% |
| Share count change | −5.2% | −2.9% |
| Profitability | ||
| Gross margin | 63.5% | 35.4% |
| Operating margin | 17.3% | 17.4% |
| Net margin | 13.9% | 12.4% |
| FCF margin | 23.5% | 13.9% |
| Return on capital | 5.7% | 16.8% |
| Return on equity | 7.0% | 14.2% |
| Balance sheet | ||
| Net debt | $2.8B | −$957M |
| Net debt / EBITDA | 2.4x | −1.2x |
| Dividends and buybacks | $1.7B | $632M |
| Valuation & quality | ||
| P/E | 36.9x | 38.0x |
| Piotroski F-score | 5 | 7 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.