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Side-by-side financial comparison of Fortive (FTV) and HEICO CORP (HEI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
HEICO CORP is the larger business by last-quarter revenue ($1.2B vs $139.0M, roughly 8.7× Fortive). Fortive runs the higher net margin — 133.6% vs 15.6%, a 118.0% gap on every dollar of revenue. On growth, HEICO CORP posted the faster year-over-year revenue change (19.3% vs -91.4%). Fortive produced more free cash flow last quarter ($335.5M vs $268.5M). Over the past eight quarters, HEICO CORP's revenue compounded faster (16.2% CAGR vs -69.8%).
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of Decem...
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger. Greg Abel succeeded Buffett as CEO at the beginning of 2026. Buffett personally owns 38.4% of the Class A voting shares of Berkshire Hathaway, representing a 15.1% overall economic interest in t...
FTV vs HEI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $139.0M | $1.2B |
| Net Profit | $185.7M | $188.3M |
| Gross Margin | — | 40.2% |
| Operating Margin | 75.4% | 23.1% |
| Net Margin | 133.6% | 15.6% |
| Revenue YoY | -91.4% | 19.3% |
| Net Profit YoY | -11.1% | 34.8% |
| EPS (diluted) | $0.58 | $1.32 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $139.0M | $1.2B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.5B | $992.2M | ||
| Q2 24 | $1.6B | $955.4M | ||
| Q1 24 | $1.5B | $896.4M |
| Q4 25 | $185.7M | $188.3M | ||
| Q3 25 | $55.0M | $177.3M | ||
| Q2 25 | $166.6M | $156.8M | ||
| Q1 25 | $171.9M | $168.0M | ||
| Q4 24 | $208.8M | $139.7M | ||
| Q3 24 | $221.6M | $136.6M | ||
| Q2 24 | $195.1M | $123.1M | ||
| Q1 24 | $207.4M | $114.7M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | 63.2% | 39.8% | ||
| Q2 25 | 59.0% | 39.9% | ||
| Q1 25 | 59.8% | 39.4% | ||
| Q4 24 | 60.3% | 38.9% | ||
| Q3 24 | 60.0% | 39.2% | ||
| Q2 24 | 59.8% | 38.9% | ||
| Q1 24 | 59.3% | 38.7% |
| Q4 25 | 75.4% | 23.1% | ||
| Q3 25 | 15.5% | 23.1% | ||
| Q2 25 | 14.6% | 22.6% | ||
| Q1 25 | 15.8% | 22.0% | ||
| Q4 24 | 19.0% | 21.6% | ||
| Q3 24 | 19.3% | 21.8% | ||
| Q2 24 | 19.4% | 21.9% | ||
| Q1 24 | 19.8% | 20.1% |
| Q4 25 | 133.6% | 15.6% | ||
| Q3 25 | 5.4% | 15.5% | ||
| Q2 25 | 11.0% | 14.3% | ||
| Q1 25 | 11.7% | 16.3% | ||
| Q4 24 | 12.9% | 13.8% | ||
| Q3 24 | 14.4% | 13.8% | ||
| Q2 24 | 12.6% | 12.9% | ||
| Q1 24 | 13.6% | 12.8% |
| Q4 25 | $0.58 | $1.32 | ||
| Q3 25 | $0.16 | $1.26 | ||
| Q2 25 | $0.49 | $1.12 | ||
| Q1 25 | $0.50 | $1.20 | ||
| Q4 24 | $0.60 | $1.00 | ||
| Q3 24 | $0.63 | $0.97 | ||
| Q2 24 | $0.55 | $0.88 | ||
| Q1 24 | $0.58 | $0.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $375.5M | $217.8M |
| Total DebtLower is stronger | $3.2B | $2.2B |
| Stockholders' EquityBook value | $6.5B | $4.3B |
| Total Assets | $11.7B | $8.5B |
| Debt / EquityLower = less leverage | 0.50× | 0.50× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $375.5M | $217.8M | ||
| Q3 25 | $430.8M | $261.9M | ||
| Q2 25 | $1.8B | $242.3M | ||
| Q1 25 | $892.1M | $165.5M | ||
| Q4 24 | $813.3M | $162.1M | ||
| Q3 24 | $811.3M | $202.9M | ||
| Q2 24 | $644.1M | $204.2M | ||
| Q1 24 | $704.6M | $196.3M |
| Q4 25 | $3.2B | $2.2B | ||
| Q3 25 | $3.3B | $2.4B | ||
| Q2 25 | $4.8B | $2.3B | ||
| Q1 25 | $3.9B | $2.3B | ||
| Q4 24 | $3.7B | $2.2B | ||
| Q3 24 | $3.9B | $2.3B | ||
| Q2 24 | $3.8B | $2.4B | ||
| Q1 24 | $3.9B | $2.5B |
| Q4 25 | $6.5B | $4.3B | ||
| Q3 25 | $6.5B | $4.1B | ||
| Q2 25 | $10.4B | $4.0B | ||
| Q1 25 | $10.2B | $3.7B | ||
| Q4 24 | $10.2B | $3.6B | ||
| Q3 24 | $10.6B | $3.5B | ||
| Q2 24 | $10.5B | $3.4B | ||
| Q1 24 | $10.5B | $3.3B |
| Q4 25 | $11.7B | $8.5B | ||
| Q3 25 | $11.9B | $8.5B | ||
| Q2 25 | $18.2B | $8.1B | ||
| Q1 25 | $17.1B | $7.9B | ||
| Q4 24 | $17.0B | $7.6B | ||
| Q3 24 | $17.5B | $7.4B | ||
| Q2 24 | $17.3B | $7.4B | ||
| Q1 24 | $17.5B | $7.3B |
| Q4 25 | 0.50× | 0.50× | ||
| Q3 25 | 0.51× | 0.59× | ||
| Q2 25 | 0.46× | 0.57× | ||
| Q1 25 | 0.38× | 0.63× | ||
| Q4 24 | 0.36× | 0.61× | ||
| Q3 24 | 0.37× | 0.64× | ||
| Q2 24 | 0.36× | 0.70× | ||
| Q1 24 | 0.38× | 0.76× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $365.9M | $295.3M |
| Free Cash FlowOCF − Capex | $335.5M | $268.5M |
| FCF MarginFCF / Revenue | 241.4% | 22.2% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 21.9% | 2.2% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.97× | 1.57× |
| TTM Free Cash FlowTrailing 4 quarters | $978.1M | $861.4M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $365.9M | $295.3M | ||
| Q3 25 | $164.4M | $231.2M | ||
| Q2 25 | $311.2M | $204.7M | ||
| Q1 25 | $241.7M | $203.0M | ||
| Q4 24 | $502.2M | $205.6M | ||
| Q3 24 | $459.0M | $214.0M | ||
| Q2 24 | $308.9M | $141.1M | ||
| Q1 24 | $256.7M | $111.7M |
| Q4 25 | $335.5M | $268.5M | ||
| Q3 25 | $153.1M | $218.5M | ||
| Q2 25 | $274.5M | $188.7M | ||
| Q1 25 | $215.0M | $185.7M | ||
| Q4 24 | $465.2M | $189.5M | ||
| Q3 24 | $431.2M | $198.1M | ||
| Q2 24 | $279.7M | $128.2M | ||
| Q1 24 | $230.3M | $98.3M |
| Q4 25 | 241.4% | 22.2% | ||
| Q3 25 | 14.9% | 19.0% | ||
| Q2 25 | 18.1% | 17.2% | ||
| Q1 25 | 14.6% | 18.0% | ||
| Q4 24 | 28.7% | 18.7% | ||
| Q3 24 | 28.1% | 20.0% | ||
| Q2 24 | 18.0% | 13.4% | ||
| Q1 24 | 15.1% | 11.0% |
| Q4 25 | 21.9% | 2.2% | ||
| Q3 25 | 1.1% | 1.1% | ||
| Q2 25 | 2.4% | 1.5% | ||
| Q1 25 | 1.8% | 1.7% | ||
| Q4 24 | 2.3% | 1.6% | ||
| Q3 24 | 1.8% | 1.6% | ||
| Q2 24 | 1.9% | 1.4% | ||
| Q1 24 | 1.7% | 1.5% |
| Q4 25 | 1.97× | 1.57× | ||
| Q3 25 | 2.99× | 1.30× | ||
| Q2 25 | 1.87× | 1.31× | ||
| Q1 25 | 1.41× | 1.21× | ||
| Q4 24 | 2.41× | 1.47× | ||
| Q3 24 | 2.07× | 1.57× | ||
| Q2 24 | 1.58× | 1.15× | ||
| Q1 24 | 1.24× | 0.97× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
FTV
| Services | $137.9M | 99% |
| Products | $1.1M | 1% |
HEI
| Aftermarket Replacement Parts | $510.0M | 42% |
| Electronic Componentsfor Defense Spaceand Aerospace | $311.8M | 26% |
| Defenseand Space | $170.6M | 14% |
| Specialty Products | $118.9M | 10% |
| Other Electronic Components | $73.0M | 6% |
| Other Industries | $15.9M | 1% |
