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Side-by-side financial comparison of Fortive (FTV) and Ralliant Corp (RAL). Click either name above to swap in a different company.
Ralliant Corp is the larger business by last-quarter revenue ($529.1M vs $139.0M, roughly 3.8× Fortive). Fortive runs the higher net margin — 133.6% vs 7.5%, a 126.1% gap on every dollar of revenue. On growth, Ralliant Corp posted the faster year-over-year revenue change (-0.5% vs -91.4%). Fortive produced more free cash flow last quarter ($335.5M vs $126.6M).
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 RAL — Head-to-Head
Income Statement — Q4 2025 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $139.0M | $529.1M |
| Net Profit | $185.7M | $39.9M |
| Gross Margin | — | 50.8% |
| Operating Margin | 75.4% | 9.8% |
| Net Margin | 133.6% | 7.5% |
| Revenue YoY | -91.4% | -0.5% |
| Net Profit YoY | -11.1% | -56.1% |
| EPS (diluted) | $0.58 | $0.35 |
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.
| Q4 25 | $139.0M | — | ||
| Q3 25 | $1.0B | $529.1M | ||
| Q2 25 | $1.5B | $503.3M | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | $531.7M | ||
| Q2 24 | $1.6B | $533.7M | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $185.7M | — | ||
| Q3 25 | $55.0M | $39.9M | ||
| Q2 25 | $166.6M | $47.6M | ||
| Q1 25 | $171.9M | — | ||
| Q4 24 | $208.8M | — | ||
| Q3 24 | $221.6M | $90.9M | ||
| Q2 24 | $195.1M | $64.8M | ||
| Q1 24 | $207.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | 63.2% | 50.8% | ||
| Q2 25 | 59.0% | 49.3% | ||
| Q1 25 | 59.8% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.0% | 52.6% | ||
| Q2 24 | 59.8% | 51.5% | ||
| Q1 24 | 59.3% | — |
| Q4 25 | 75.4% | — | ||
| Q3 25 | 15.5% | 9.8% | ||
| Q2 25 | 14.6% | 11.7% | ||
| Q1 25 | 15.8% | — | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 19.3% | 20.9% | ||
| Q2 24 | 19.4% | 19.7% | ||
| Q1 24 | 19.8% | — |
| Q4 25 | 133.6% | — | ||
| Q3 25 | 5.4% | 7.5% | ||
| Q2 25 | 11.0% | 9.5% | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 14.4% | 17.1% | ||
| Q2 24 | 12.6% | 12.1% | ||
| Q1 24 | 13.6% | — |
| Q4 25 | $0.58 | — | ||
| Q3 25 | $0.16 | $0.35 | ||
| Q2 25 | $0.49 | $0.42 | ||
| Q1 25 | $0.50 | — | ||
| Q4 24 | $0.60 | — | ||
| Q3 24 | $0.63 | $0.81 | ||
| Q2 24 | $0.55 | $0.57 | ||
| Q1 24 | $0.58 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $375.5M | $264.2M |
| Total DebtLower is stronger | $3.2B | $1.1B |
| Stockholders' EquityBook value | $6.5B | $3.0B |
| Total Assets | $11.7B | $5.3B |
| Debt / EquityLower = less leverage | 0.50× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $375.5M | — | ||
| Q3 25 | $430.8M | $264.2M | ||
| Q2 25 | $1.8B | $198.6M | ||
| Q1 25 | $892.1M | — | ||
| Q4 24 | $813.3M | — | ||
| Q3 24 | $811.3M | — | ||
| Q2 24 | $644.1M | — | ||
| Q1 24 | $704.6M | — |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $4.8B | $1.1B | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.9B | — |
| Q4 25 | $6.5B | — | ||
| Q3 25 | $6.5B | $3.0B | ||
| Q2 25 | $10.4B | $3.0B | ||
| Q1 25 | $10.2B | — | ||
| Q4 24 | $10.2B | — | ||
| Q3 24 | $10.6B | $4.0B | ||
| Q2 24 | $10.5B | $4.0B | ||
| Q1 24 | $10.5B | — |
| Q4 25 | $11.7B | — | ||
| Q3 25 | $11.9B | $5.3B | ||
| Q2 25 | $18.2B | $5.2B | ||
| Q1 25 | $17.1B | — | ||
| Q4 24 | $17.0B | — | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $17.3B | — | ||
| Q1 24 | $17.5B | — |
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.51× | 0.39× | ||
| Q2 25 | 0.46× | 0.38× | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.38× | — |
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 | $365.9M | $138.6M |
| Free Cash FlowOCF − Capex | $335.5M | $126.6M |
| FCF MarginFCF / Revenue | 241.4% | 23.9% |
| Capex IntensityCapex / Revenue | 21.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.97× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $978.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $365.9M | — | ||
| Q3 25 | $164.4M | $138.6M | ||
| 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 25 | $335.5M | — | ||
| Q3 25 | $153.1M | $126.6M | ||
| 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 25 | 241.4% | — | ||
| Q3 25 | 14.9% | 23.9% | ||
| 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 25 | 21.9% | — | ||
| Q3 25 | 1.1% | 2.3% | ||
| 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 25 | 1.97× | — | ||
| Q3 25 | 2.99× | 3.47× | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.41× | — | ||
| Q4 24 | 2.41× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 1.58× | — | ||
| Q1 24 | 1.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FTV
| Services | $137.9M | 99% |
| Products | $1.1M | 1% |
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
