Fortive vs Pentair
Add, change or remove companies; up to four.
The short version
- Pentair is the larger business, with $4.2B of revenue in fiscal 2025 against $4.2B for Fortive.
- Pentair kept more of each dollar of sales as operating profit (20.5% operating margin, against 17.3%).
- Fortive turned more of its sales into free cash flow (23.5% FCF margin, against 17.9%).
- Pentair earned a higher return on the capital invested in it (14.0%, against 5.7%).
- Investors pay more for each dollar of Fortive’s earnings: a P/E of 36.1x against 13.5x for Pentair.
| Latest fiscal year | FTV · FY25 | PNR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $18.8B | $9.1B |
| Revenue | $4.2B | $4.2B |
| Free cash flow | $978M | $746M |
| Net income | $579M | $654M |
| Growth | ||
| Revenue growth | 1.9% | 2.3% |
| 5-year growth | −2.1% | 6.7% |
| Share count change | −5.2% | −1.0% |
| Profitability | ||
| Gross margin | 63.5% | 40.5% |
| Operating margin | 17.3% | 20.5% |
| Net margin | 13.9% | 15.7% |
| FCF margin | 23.5% | 17.9% |
| Return on capital | 5.7% | 14.0% |
| Return on equity | 7.0% | 17.6% |
| Balance sheet | ||
| Net debt | $2.8B | $1.5B |
| Net debt / EBITDA | 2.4x | 1.6x |
| Dividends and buybacks | $1.7B | $389M |
| Valuation & quality | ||
| P/E | 36.1x | 13.5x |
| Piotroski F-score | 5 | 9 |
Revenue
FY16
FTV $5.4B
PNR $2.8B
FY17
FTV $5.8B
PNR $2.8B
FY18
FTV $6.5B
PNR $3.0B
FY19
FTV $4.6B
PNR $3.0B
FY20
FTV $4.6B
PNR $3.0B
FY21
FTV $5.3B
PNR $3.8B
FY22
FTV $5.8B
PNR $4.1B
FY23
FTV $3.9B
PNR $4.1B
FY24
FTV $4.1B
PNR $4.1B
FY25
FTV $4.2B
PNR $4.2B
FTV
PNR
Operating margin
FY16
FTV 19.7%
PNR 12.8%
FY17
FTV 19.9%
PNR 13.3%
FY18
FTV 10.0%
PNR 14.7%
FY19
FTV 9.7%
PNR 14.6%
FY20
FTV 11.6%
PNR 15.3%
FY21
FTV 15.5%
PNR 16.9%
FY22
FTV 17.0%
PNR 14.4%
FY23
FTV 14.7%
PNR 18.0%
FY24
FTV 17.6%
PNR 19.7%
FY25
FTV 17.3%
PNR 20.5%
FTV
PNR
Free cash flow
FY16
FTV $1.0B
PNR $818M
FY17
FTV $1.1B
PNR $581M
FY18
FTV $1.3B
PNR $391M
FY19
FTV $1.2B
PNR $295M
FY20
FTV $1.4B
PNR $511M
FY21
FTV $911M
PNR $553M
FY22
FTV $1.2B
PNR $278M
FY23
FTV $1.3B
PNR $543M
FY24
FTV $1.4B
PNR $692M
FY25
FTV $978M
PNR $746M
FTV
PNR
Return on capital
FY16
FTV 14.9%
PNR —
FY17
FTV 15.5%
PNR —
FY18
FTV 7.1%
PNR 8.2%
FY19
FTV 3.3%
PNR 13.6%
FY20
FTV 4.4%
PNR 13.0%
FY21
FTV 6.1%
PNR 18.6%
FY22
FTV 6.9%
PNR 12.8%
FY23
FTV 4.5%
PNR 14.9%
FY24
FTV 5.4%
PNR 13.8%
FY25
FTV 5.7%
PNR 14.0%
FTV
PNR
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.