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Side-by-side financial comparison of Fortive (FTV) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
Fortive is the larger business by last-quarter revenue ($1.0B vs $586.5M, roughly 1.8× StepStone Group Inc.). Fortive runs the higher net margin — 5.4% vs -21.0%, a 26.4% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs -33.1%). Fortive produced more free cash flow last quarter ($153.1M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs -19.5%).
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...
Rosetta Stone Inc. is an American education technology software company that develops language, literacy and brain-fitness software. Best known for its language-learning products, in 2013, the company expanded beyond language into education-technology with its acquisitions of Livemocha, Lexia Learning, Fit Brains, and Tell Me More. In 2021, it became a subsidiary of IXL Learning.
FTV vs STEP — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $586.5M |
| Net Profit | $55.0M | $-123.5M |
| Gross Margin | 63.2% | — |
| Operating Margin | 15.5% | -33.2% |
| Net Margin | 5.4% | -21.0% |
| Revenue YoY | -33.1% | 73.0% |
| Net Profit YoY | -75.2% | 35.7% |
| EPS (diluted) | $0.16 | $-1.55 |
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 | — | $586.5M | ||
| Q3 25 | $1.0B | $454.2M | ||
| Q2 25 | $1.5B | $364.3M | ||
| Q1 25 | $1.5B | $377.7M | ||
| Q4 24 | $1.6B | $339.0M | ||
| Q3 24 | $1.5B | $271.7M | ||
| Q2 24 | $1.6B | $186.4M | ||
| Q1 24 | $1.5B | $356.8M |
| Q4 25 | — | $-123.5M | ||
| Q3 25 | $55.0M | $-366.1M | ||
| Q2 25 | $166.6M | $-38.4M | ||
| Q1 25 | $171.9M | $-18.5M | ||
| Q4 24 | $208.8M | $-192.0M | ||
| Q3 24 | $221.6M | $17.6M | ||
| Q2 24 | $195.1M | $13.3M | ||
| Q1 24 | $207.4M | $30.8M |
| Q4 25 | — | — | ||
| Q3 25 | 63.2% | — | ||
| Q2 25 | 59.0% | — | ||
| Q1 25 | 59.8% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 59.8% | — | ||
| Q1 24 | 59.3% | — |
| Q4 25 | — | -33.2% | ||
| Q3 25 | 15.5% | -148.8% | ||
| Q2 25 | 14.6% | -5.6% | ||
| Q1 25 | 15.8% | 2.6% | ||
| Q4 24 | 19.0% | -101.7% | ||
| Q3 24 | 19.3% | 21.3% | ||
| Q2 24 | 19.4% | 29.4% | ||
| Q1 24 | 19.8% | 26.5% |
| Q4 25 | — | -21.0% | ||
| Q3 25 | 5.4% | -80.6% | ||
| Q2 25 | 11.0% | -10.5% | ||
| Q1 25 | 11.7% | -4.9% | ||
| Q4 24 | 12.9% | -56.6% | ||
| Q3 24 | 14.4% | 6.5% | ||
| Q2 24 | 12.6% | 7.2% | ||
| Q1 24 | 13.6% | 8.6% |
| Q4 25 | — | $-1.55 | ||
| Q3 25 | $0.16 | $-4.66 | ||
| Q2 25 | $0.49 | $-0.49 | ||
| Q1 25 | $0.50 | $-0.37 | ||
| Q4 24 | $0.60 | $-2.61 | ||
| Q3 24 | $0.63 | $0.26 | ||
| Q2 24 | $0.55 | $0.20 | ||
| Q1 24 | $0.58 | $0.47 |
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 | — |
| Total DebtLower is stronger | $3.3B | $270.2M |
| Stockholders' EquityBook value | $6.5B | $-378.8M |
| Total Assets | $11.9B | $5.2B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $430.8M | — | ||
| 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 25 | — | $270.2M | ||
| Q3 25 | $3.3B | $269.9M | ||
| Q2 25 | $4.8B | $269.6M | ||
| Q1 25 | $3.9B | $269.3M | ||
| Q4 24 | $3.7B | $168.9M | ||
| Q3 24 | $3.9B | $172.3M | ||
| Q2 24 | $3.8B | $172.1M | ||
| Q1 24 | $3.9B | $148.8M |
| Q4 25 | — | $-378.8M | ||
| Q3 25 | $6.5B | $-233.5M | ||
| Q2 25 | $10.4B | $153.9M | ||
| Q1 25 | $10.2B | $179.4M | ||
| Q4 24 | $10.2B | $209.8M | ||
| Q3 24 | $10.6B | $397.5M | ||
| Q2 24 | $10.5B | $366.9M | ||
| Q1 24 | $10.5B | $324.5M |
| Q4 25 | — | $5.2B | ||
| Q3 25 | $11.9B | $5.3B | ||
| Q2 25 | $18.2B | $4.8B | ||
| Q1 25 | $17.1B | $4.6B | ||
| Q4 24 | $17.0B | $4.3B | ||
| Q3 24 | $17.5B | $4.0B | ||
| Q2 24 | $17.3B | $3.8B | ||
| Q1 24 | $17.5B | $3.8B |
| Q4 25 | — | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.46× | 1.75× | ||
| Q1 25 | 0.38× | 1.50× | ||
| Q4 24 | 0.36× | 0.81× | ||
| Q3 24 | 0.37× | 0.43× | ||
| Q2 24 | 0.36× | 0.47× | ||
| Q1 24 | 0.38× | 0.46× |
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 | $27.2M |
| Free Cash FlowOCF − Capex | $153.1M | $26.7M |
| FCF MarginFCF / Revenue | 14.9% | 4.6% |
| Capex IntensityCapex / Revenue | 1.1% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $27.2M | ||
| Q3 25 | $164.4M | $16.2M | ||
| Q2 25 | $311.2M | $46.3M | ||
| Q1 25 | $241.7M | $-66.5M | ||
| Q4 24 | $502.2M | $27.6M | ||
| Q3 24 | $459.0M | $53.7M | ||
| Q2 24 | $308.9M | $50.2M | ||
| Q1 24 | $256.7M | $7.6M |
| Q4 25 | — | $26.7M | ||
| Q3 25 | $153.1M | $15.9M | ||
| Q2 25 | $274.5M | $45.2M | ||
| Q1 25 | $215.0M | $-69.2M | ||
| Q4 24 | $465.2M | $27.0M | ||
| Q3 24 | $431.2M | $52.4M | ||
| Q2 24 | $279.7M | $49.6M | ||
| Q1 24 | $230.3M | $6.7M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | 14.9% | 3.5% | ||
| Q2 25 | 18.1% | 12.4% | ||
| Q1 25 | 14.6% | -18.3% | ||
| Q4 24 | 28.7% | 8.0% | ||
| Q3 24 | 28.1% | 19.3% | ||
| Q2 24 | 18.0% | 26.6% | ||
| Q1 24 | 15.1% | 1.9% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 2.4% | 0.3% | ||
| Q1 25 | 1.8% | 0.7% | ||
| Q4 24 | 2.3% | 0.2% | ||
| Q3 24 | 1.8% | 0.5% | ||
| Q2 24 | 1.9% | 0.3% | ||
| Q1 24 | 1.7% | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | 2.99× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.41× | — | ||
| Q4 24 | 2.41× | — | ||
| Q3 24 | 2.07× | 3.05× | ||
| Q2 24 | 1.58× | 3.76× | ||
| Q1 24 | 1.24× | 0.25× |
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% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
