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

Fortive is the larger business by last-quarter revenue ($1.0B vs $840.3M, roughly 1.2× TreeHouse Foods, Inc.). Fortive runs the higher net margin — 5.4% vs -31.6%, a 37.0% gap on every dollar of revenue. On growth, TreeHouse Foods, Inc. posted the faster year-over-year revenue change (0.1% vs -33.1%). Over the past eight quarters, TreeHouse Foods, Inc.'s revenue compounded faster (-3.9% 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...

TreeHouse Foods Inc. is a multinational food processing company specializing in producing private label packaged foods headquartered in Oak Brook, Illinois. Created in 2005 and consisting entirely of acquisitions, in 2010 the company had sales of $2 billion and employed over 4,000 people at 20 facilities. Food Processing magazine named TreeHouse Foods their 2010 Processor of the Year, calling them "the biggest company you never heard of". In 2015, the company was the 37th-largest food and bev...

FTV vs THS — Head-to-Head

Bigger by revenue
FTV
FTV
1.2× larger
FTV
$1.0B
$840.3M
THS
Growing faster (revenue YoY)
THS
THS
+33.2% gap
THS
0.1%
-33.1%
FTV
Higher net margin
FTV
FTV
37.0% more per $
FTV
5.4%
-31.6%
THS
Faster 2-yr revenue CAGR
THS
THS
Annualised
THS
-3.9%
-19.5%
FTV

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
FTV
FTV
THS
THS
Revenue
$1.0B
$840.3M
Net Profit
$55.0M
$-265.8M
Gross Margin
63.2%
18.8%
Operating Margin
15.5%
-30.2%
Net Margin
5.4%
-31.6%
Revenue YoY
-33.1%
0.1%
Net Profit YoY
-75.2%
-7717.6%
EPS (diluted)
$0.16
$-5.26

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
THS
THS
Q3 25
$1.0B
$840.3M
Q2 25
$1.5B
$798.0M
Q1 25
$1.5B
$792.0M
Q4 24
$1.6B
$905.7M
Q3 24
$1.5B
$839.1M
Q2 24
$1.6B
$788.5M
Q1 24
$1.5B
$820.7M
Q4 23
$1.6B
$910.8M
Net Profit
FTV
FTV
THS
THS
Q3 25
$55.0M
$-265.8M
Q2 25
$166.6M
$-2.9M
Q1 25
$171.9M
$-31.8M
Q4 24
$208.8M
$58.7M
Q3 24
$221.6M
$-3.4M
Q2 24
$195.1M
$-16.7M
Q1 24
$207.4M
$-11.7M
Q4 23
$265.2M
$7.5M
Gross Margin
FTV
FTV
THS
THS
Q3 25
63.2%
18.8%
Q2 25
59.0%
17.4%
Q1 25
59.8%
14.5%
Q4 24
60.3%
19.5%
Q3 24
60.0%
15.6%
Q2 24
59.8%
16.3%
Q1 24
59.3%
13.6%
Q4 23
59.8%
16.7%
Operating Margin
FTV
FTV
THS
THS
Q3 25
15.5%
-30.2%
Q2 25
14.6%
3.4%
Q1 25
15.8%
-0.7%
Q4 24
19.0%
8.9%
Q3 24
19.3%
3.8%
Q2 24
19.4%
-0.5%
Q1 24
19.8%
-0.6%
Q4 23
19.6%
4.6%
Net Margin
FTV
FTV
THS
THS
Q3 25
5.4%
-31.6%
Q2 25
11.0%
-0.4%
Q1 25
11.7%
-4.0%
Q4 24
12.9%
6.5%
Q3 24
14.4%
-0.4%
Q2 24
12.6%
-2.1%
Q1 24
13.6%
-1.4%
Q4 23
16.7%
0.8%
EPS (diluted)
FTV
FTV
THS
THS
Q3 25
$0.16
$-5.26
Q2 25
$0.49
$-0.06
Q1 25
$0.50
$-0.63
Q4 24
$0.60
$1.12
Q3 24
$0.63
$-0.07
Q2 24
$0.55
$-0.32
Q1 24
$0.58
$-0.22
Q4 23
$0.74
$0.13

Balance Sheet & Financial Strength

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

Metric
FTV
FTV
THS
THS
Cash + ST InvestmentsLiquidity on hand
$430.8M
$21.0M
Total DebtLower is stronger
$3.3B
$1.5B
Stockholders' EquityBook value
$6.5B
$1.3B
Total Assets
$11.9B
$3.8B
Debt / EquityLower = less leverage
0.51×
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTV
FTV
THS
THS
Q3 25
$430.8M
$21.0M
Q2 25
$1.8B
$17.1M
Q1 25
$892.1M
$16.4M
Q4 24
$813.3M
$289.6M
Q3 24
$811.3M
$102.0M
Q2 24
$644.1M
$105.8M
Q1 24
$704.6M
$191.8M
Q4 23
$1.9B
$320.3M
Total Debt
FTV
FTV
THS
THS
Q3 25
$3.3B
$1.5B
Q2 25
$4.8B
$1.5B
Q1 25
$3.9B
$1.4B
Q4 24
$3.7B
$1.4B
Q3 24
$3.9B
$1.4B
Q2 24
$3.8B
$1.4B
Q1 24
$3.9B
$1.4B
Q4 23
$3.6B
$1.4B
Stockholders' Equity
FTV
FTV
THS
THS
Q3 25
$6.5B
$1.3B
Q2 25
$10.4B
$1.5B
Q1 25
$10.2B
$1.5B
Q4 24
$10.2B
$1.5B
Q3 24
$10.6B
$1.6B
Q2 24
$10.5B
$1.6B
Q1 24
$10.5B
$1.6B
Q4 23
$10.3B
$1.7B
Total Assets
FTV
FTV
THS
THS
Q3 25
$11.9B
$3.8B
Q2 25
$18.2B
$4.0B
Q1 25
$17.1B
$3.9B
Q4 24
$17.0B
$4.0B
Q3 24
$17.5B
$4.0B
Q2 24
$17.3B
$3.9B
Q1 24
$17.5B
$4.0B
Q4 23
$16.9B
$4.1B
Debt / Equity
FTV
FTV
THS
THS
Q3 25
0.51×
1.18×
Q2 25
0.46×
0.98×
Q1 25
0.38×
0.93×
Q4 24
0.36×
0.90×
Q3 24
0.37×
0.90×
Q2 24
0.36×
0.90×
Q1 24
0.38×
0.87×
Q4 23
0.35×
0.84×

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
THS
THS
Operating Cash FlowLast quarter
$164.4M
$38.2M
Free Cash FlowOCF − Capex
$153.1M
FCF MarginFCF / Revenue
14.9%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
2.99×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTV
FTV
THS
THS
Q3 25
$164.4M
$38.2M
Q2 25
$311.2M
$-47.2M
Q1 25
$241.7M
$-53.5M
Q4 24
$502.2M
$296.2M
Q3 24
$459.0M
$41.4M
Q2 24
$308.9M
$-19.4M
Q1 24
$256.7M
$-52.4M
Q4 23
$446.8M
$147.0M
Free Cash Flow
FTV
FTV
THS
THS
Q3 25
$153.1M
Q2 25
$274.5M
Q1 25
$215.0M
Q4 24
$465.2M
Q3 24
$431.2M
Q2 24
$279.7M
$-42.2M
Q1 24
$230.3M
$-80.7M
Q4 23
$412.7M
$84.3M
FCF Margin
FTV
FTV
THS
THS
Q3 25
14.9%
Q2 25
18.1%
Q1 25
14.6%
Q4 24
28.7%
Q3 24
28.1%
Q2 24
18.0%
-5.4%
Q1 24
15.1%
-9.8%
Q4 23
26.1%
9.3%
Capex Intensity
FTV
FTV
THS
THS
Q3 25
1.1%
Q2 25
2.4%
Q1 25
1.8%
Q4 24
2.3%
Q3 24
1.8%
Q2 24
1.9%
2.9%
Q1 24
1.7%
3.4%
Q4 23
2.2%
6.9%
Cash Conversion
FTV
FTV
THS
THS
Q3 25
2.99×
Q2 25
1.87×
Q1 25
1.41×
Q4 24
2.41×
5.05×
Q3 24
2.07×
Q2 24
1.58×
Q1 24
1.24×
Q4 23
1.68×
19.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FTV
FTV

Advanced Healthcare Solutions$328.3M32%
Industrial Manufacturing$287.9M28%
Energy And Infrastructure$166.7M16%
Government$88.0M9%
Retail$82.7M8%
Other Direct End Markets$79.6M8%

THS
THS

Retail Grocery Customers$670.6M80%
Food Away From Home And Other$85.3M10%
Co Manufacturing$84.4M10%

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