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Side-by-side financial comparison of Fortive (FTV) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.

PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.3× Fortive). Fortive runs the higher net margin — 12.8% vs 4.4%, a 8.4% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 7.7%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs -17.0%).

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...

FTV vs PACS — Head-to-Head

Bigger by revenue
PACS
PACS
1.3× larger
PACS
$1.4B
$1.1B
FTV
Growing faster (revenue YoY)
PACS
PACS
+10.7% gap
PACS
18.4%
7.7%
FTV
Higher net margin
FTV
FTV
8.4% more per $
FTV
12.8%
4.4%
PACS
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
-17.0%
FTV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FTV
FTV
PACS
PACS
Revenue
$1.1B
$1.4B
Net Profit
$136.4M
$59.7M
Gross Margin
63.2%
Operating Margin
17.9%
7.0%
Net Margin
12.8%
4.4%
Revenue YoY
7.7%
18.4%
Net Profit YoY
21.1%
3022.5%
EPS (diluted)
$0.44
$0.42

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FTV
FTV
PACS
PACS
Q1 26
$1.1B
Q4 25
$1.1B
$1.4B
Q3 25
$1.0B
$1.3B
Q2 25
$1.5B
$1.3B
Q1 25
$1.5B
$1.3B
Q4 24
$1.6B
$1.1B
Q3 24
$1.5B
$1.0B
Q2 24
$1.6B
$981.4M
Net Profit
FTV
FTV
PACS
PACS
Q1 26
$136.4M
Q4 25
$185.7M
$59.7M
Q3 25
$55.0M
$52.4M
Q2 25
$166.6M
$51.0M
Q1 25
$171.9M
$28.5M
Q4 24
$208.8M
$1.9M
Q3 24
$221.6M
$15.6M
Q2 24
$195.1M
$-10.9M
Gross Margin
FTV
FTV
PACS
PACS
Q1 26
63.2%
Q4 25
63.2%
Q3 25
63.2%
Q2 25
59.0%
Q1 25
59.8%
Q4 24
60.3%
Q3 24
60.0%
17.1%
Q2 24
59.8%
22.3%
Operating Margin
FTV
FTV
PACS
PACS
Q1 26
17.9%
Q4 25
20.1%
7.0%
Q3 25
15.5%
6.4%
Q2 25
14.6%
6.2%
Q1 25
15.8%
3.8%
Q4 24
19.0%
1.7%
Q3 24
19.3%
2.2%
Q2 24
19.4%
0.1%
Net Margin
FTV
FTV
PACS
PACS
Q1 26
12.8%
Q4 25
16.5%
4.4%
Q3 25
5.4%
3.9%
Q2 25
11.0%
3.9%
Q1 25
11.7%
2.2%
Q4 24
12.9%
0.2%
Q3 24
14.4%
1.5%
Q2 24
12.6%
-1.1%
EPS (diluted)
FTV
FTV
PACS
PACS
Q1 26
$0.44
Q4 25
$0.60
$0.42
Q3 25
$0.16
$0.32
Q2 25
$0.49
$0.31
Q1 25
$0.50
$0.17
Q4 24
$0.60
$-0.03
Q3 24
$0.63
$0.10
Q2 24
$0.55
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FTV
FTV
PACS
PACS
Cash + ST InvestmentsLiquidity on hand
$356.1M
$197.0M
Total DebtLower is stronger
$3.5B
$353.2M
Stockholders' EquityBook value
$6.1B
$946.8M
Total Assets
$11.6B
$5.6B
Debt / EquityLower = less leverage
0.57×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTV
FTV
PACS
PACS
Q1 26
$356.1M
Q4 25
$375.5M
$197.0M
Q3 25
$430.8M
$355.7M
Q2 25
$1.8B
$294.2M
Q1 25
$892.1M
$287.5M
Q4 24
$813.3M
$157.7M
Q3 24
$811.3M
$49.5M
Q2 24
$644.1M
$73.4M
Total Debt
FTV
FTV
PACS
PACS
Q1 26
$3.5B
Q4 25
$3.2B
$353.2M
Q3 25
$3.3B
Q2 25
$4.8B
Q1 25
$3.9B
Q4 24
$3.7B
$411.9M
Q3 24
$3.9B
Q2 24
$3.8B
Stockholders' Equity
FTV
FTV
PACS
PACS
Q1 26
$6.1B
Q4 25
$6.5B
$946.8M
Q3 25
$6.5B
$871.3M
Q2 25
$10.4B
$806.8M
Q1 25
$10.2B
$750.2M
Q4 24
$10.2B
$709.6M
Q3 24
$10.6B
$660.0M
Q2 24
$10.5B
$572.1M
Total Assets
FTV
FTV
PACS
PACS
Q1 26
$11.6B
Q4 25
$11.7B
$5.6B
Q3 25
$11.9B
$5.6B
Q2 25
$18.2B
$5.5B
Q1 25
$17.1B
$5.5B
Q4 24
$17.0B
$5.2B
Q3 24
$17.5B
$4.5B
Q2 24
$17.3B
$3.9B
Debt / Equity
FTV
FTV
PACS
PACS
Q1 26
0.57×
Q4 25
0.50×
0.37×
Q3 25
0.51×
Q2 25
0.46×
Q1 25
0.38×
Q4 24
0.36×
0.58×
Q3 24
0.37×
Q2 24
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FTV
FTV
PACS
PACS
Operating Cash FlowLast quarter
$234.8M
$-3.4M
Free Cash FlowOCF − Capex
$193.8M
FCF MarginFCF / Revenue
18.1%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.72×
-0.06×
TTM Free Cash FlowTrailing 4 quarters
$935.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTV
FTV
PACS
PACS
Q1 26
$234.8M
Q4 25
$1.1B
$-3.4M
Q3 25
$164.4M
$204.8M
Q2 25
$311.2M
$52.6M
Q1 25
$241.7M
$150.2M
Q4 24
$502.2M
$64.6M
Q3 24
$459.0M
$209.2M
Q2 24
$308.9M
$34.8M
Free Cash Flow
FTV
FTV
PACS
PACS
Q1 26
$193.8M
Q4 25
$313.8M
Q3 25
$153.1M
Q2 25
$274.5M
Q1 25
$215.0M
Q4 24
$465.2M
Q3 24
$431.2M
Q2 24
$279.7M
FCF Margin
FTV
FTV
PACS
PACS
Q1 26
18.1%
Q4 25
28.0%
Q3 25
14.9%
Q2 25
18.1%
Q1 25
14.6%
Q4 24
28.7%
Q3 24
28.1%
Q2 24
18.0%
Capex Intensity
FTV
FTV
PACS
PACS
Q1 26
2.5%
Q4 25
2.7%
Q3 25
1.1%
Q2 25
2.4%
Q1 25
1.8%
Q4 24
2.3%
Q3 24
1.8%
Q2 24
1.9%
Cash Conversion
FTV
FTV
PACS
PACS
Q1 26
1.72×
Q4 25
5.83×
-0.06×
Q3 25
2.99×
3.91×
Q2 25
1.87×
1.03×
Q1 25
1.41×
5.28×
Q4 24
2.41×
33.78×
Q3 24
2.07×
13.39×
Q2 24
1.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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