vs
Side-by-side financial comparison of Fortive (FTV) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.
Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.2× Fortive). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 5.4%, a 11.2% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -33.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $153.1M).
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 Q — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.3B |
| Net Profit | $55.0M | $211.0M |
| Gross Margin | 63.2% | 45.1% |
| Operating Margin | 15.5% | 21.3% |
| Net Margin | 5.4% | 16.5% |
| Revenue YoY | -33.1% | 11.1% |
| Net Profit YoY | -75.2% | 6.0% |
| EPS (diluted) | $0.16 | $1.01 |
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.
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.5B | — | ||
| Q4 23 | $1.6B | — |
| Q3 25 | $55.0M | $211.0M | ||
| Q2 25 | $166.6M | — | ||
| Q1 25 | $171.9M | — | ||
| Q4 24 | $208.8M | — | ||
| Q3 24 | $221.6M | $199.0M | ||
| Q2 24 | $195.1M | — | ||
| Q1 24 | $207.4M | — | ||
| Q4 23 | $265.2M | — |
| Q3 25 | 63.2% | 45.1% | ||
| Q2 25 | 59.0% | — | ||
| Q1 25 | 59.8% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.0% | 47.0% | ||
| Q2 24 | 59.8% | — | ||
| Q1 24 | 59.3% | — | ||
| Q4 23 | 59.8% | — |
| Q3 25 | 15.5% | 21.3% | ||
| Q2 25 | 14.6% | — | ||
| Q1 25 | 15.8% | — | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 19.3% | 21.8% | ||
| Q2 24 | 19.4% | — | ||
| Q1 24 | 19.8% | — | ||
| Q4 23 | 19.6% | — |
| Q3 25 | 5.4% | 16.5% | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 14.4% | 17.3% | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 13.6% | — | ||
| Q4 23 | 16.7% | — |
| Q3 25 | $0.16 | $1.01 | ||
| Q2 25 | $0.49 | — | ||
| Q1 25 | $0.50 | — | ||
| Q4 24 | $0.60 | — | ||
| Q3 24 | $0.63 | $0.95 | ||
| Q2 24 | $0.55 | — | ||
| Q1 24 | $0.58 | — | ||
| Q4 23 | $0.74 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $430.8M | $128.0M |
| Total DebtLower is stronger | $3.3B | $1.7B |
| Stockholders' EquityBook value | $6.5B | $9.1B |
| Total Assets | $11.9B | $12.5B |
| Debt / EquityLower = less leverage | 0.51× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $430.8M | $128.0M | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $892.1M | — | ||
| Q4 24 | $813.3M | — | ||
| Q3 24 | $811.3M | — | ||
| Q2 24 | $644.1M | — | ||
| Q1 24 | $704.6M | — | ||
| Q4 23 | $1.9B | — |
| Q3 25 | $3.3B | $1.7B | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.9B | — | ||
| Q4 23 | $3.6B | — |
| Q3 25 | $6.5B | $9.1B | ||
| Q2 25 | $10.4B | — | ||
| Q1 25 | $10.2B | — | ||
| Q4 24 | $10.2B | — | ||
| Q3 24 | $10.6B | $11.1B | ||
| Q2 24 | $10.5B | — | ||
| Q1 24 | $10.5B | — | ||
| Q4 23 | $10.3B | — |
| Q3 25 | $11.9B | $12.5B | ||
| Q2 25 | $18.2B | — | ||
| Q1 25 | $17.1B | — | ||
| Q4 24 | $17.0B | — | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $17.3B | — | ||
| Q1 24 | $17.5B | — | ||
| Q4 23 | $16.9B | — |
| Q3 25 | 0.51× | 0.19× | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.38× | — | ||
| Q4 23 | 0.35× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $164.4M | $782.0M |
| Free Cash FlowOCF − Capex | $153.1M | $568.0M |
| FCF MarginFCF / Revenue | 14.9% | 44.5% |
| Capex IntensityCapex / Revenue | 1.1% | 16.8% |
| Cash ConversionOCF / Net Profit | 2.99× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $164.4M | $782.0M | ||
| Q2 25 | $311.2M | — | ||
| Q1 25 | $241.7M | — | ||
| Q4 24 | $502.2M | — | ||
| Q3 24 | $459.0M | — | ||
| Q2 24 | $308.9M | — | ||
| Q1 24 | $256.7M | — | ||
| Q4 23 | $446.8M | — |
| Q3 25 | $153.1M | $568.0M | ||
| Q2 25 | $274.5M | — | ||
| Q1 25 | $215.0M | — | ||
| Q4 24 | $465.2M | — | ||
| Q3 24 | $431.2M | — | ||
| Q2 24 | $279.7M | — | ||
| Q1 24 | $230.3M | — | ||
| Q4 23 | $412.7M | — |
| Q3 25 | 14.9% | 44.5% | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 14.6% | — | ||
| Q4 24 | 28.7% | — | ||
| Q3 24 | 28.1% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 15.1% | — | ||
| Q4 23 | 26.1% | — |
| Q3 25 | 1.1% | 16.8% | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 1.7% | — | ||
| Q4 23 | 2.2% | — |
| Q3 25 | 2.99× | 3.71× | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.41× | — | ||
| Q4 24 | 2.41× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 1.58× | — | ||
| Q1 24 | 1.24× | — | ||
| Q4 23 | 1.68× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FTV
| Advanced Healthcare Solutions | $328.3M | 32% |
| Industrial Manufacturing | $287.9M | 28% |
| Energy And Infrastructure | $166.7M | 16% |
| Government | $88.0M | 9% |
| Retail | $82.7M | 8% |
| Other Direct End Markets | $79.6M | 8% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
