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Side-by-side financial comparison of Fortive (FTV) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.0B, roughly 1.6× Fortive). Toast, Inc. runs the higher net margin — 6.2% vs 5.4%, a 0.8% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -33.1%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $153.1M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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...
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
FTV vs TOST — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.6B |
| Net Profit | $55.0M | $101.0M |
| Gross Margin | 63.2% | 25.9% |
| Operating Margin | 15.5% | 5.2% |
| Net Margin | 5.4% | 6.2% |
| Revenue YoY | -33.1% | 22.0% |
| Net Profit YoY | -75.2% | 215.6% |
| EPS (diluted) | $0.16 | $0.18 |
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 | — | $1.6B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.1B |
| Q4 25 | — | $101.0M | ||
| Q3 25 | $55.0M | $105.0M | ||
| Q2 25 | $166.6M | $80.0M | ||
| Q1 25 | $171.9M | $56.0M | ||
| Q4 24 | $208.8M | $32.0M | ||
| Q3 24 | $221.6M | $56.0M | ||
| Q2 24 | $195.1M | $14.0M | ||
| Q1 24 | $207.4M | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | 63.2% | 26.5% | ||
| Q2 25 | 59.0% | 25.3% | ||
| Q1 25 | 59.8% | 25.9% | ||
| Q4 24 | 60.3% | 24.9% | ||
| Q3 24 | 60.0% | 24.7% | ||
| Q2 24 | 59.8% | 23.0% | ||
| Q1 24 | 59.3% | 23.2% |
| Q4 25 | — | 5.2% | ||
| Q3 25 | 15.5% | 5.1% | ||
| Q2 25 | 14.6% | 5.2% | ||
| Q1 25 | 15.8% | 3.2% | ||
| Q4 24 | 19.0% | 2.5% | ||
| Q3 24 | 19.3% | 2.6% | ||
| Q2 24 | 19.4% | 0.4% | ||
| Q1 24 | 19.8% | -5.2% |
| Q4 25 | — | 6.2% | ||
| Q3 25 | 5.4% | 6.4% | ||
| Q2 25 | 11.0% | 5.2% | ||
| Q1 25 | 11.7% | 4.2% | ||
| Q4 24 | 12.9% | 2.4% | ||
| Q3 24 | 14.4% | 4.3% | ||
| Q2 24 | 12.6% | 1.1% | ||
| Q1 24 | 13.6% | -7.7% |
| Q4 25 | — | $0.18 | ||
| Q3 25 | $0.16 | $0.16 | ||
| Q2 25 | $0.49 | $0.13 | ||
| Q1 25 | $0.50 | $0.09 | ||
| Q4 24 | $0.60 | $0.09 | ||
| Q3 24 | $0.63 | $0.07 | ||
| Q2 24 | $0.55 | $0.02 | ||
| Q1 24 | $0.58 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $6.5B | $2.1B |
| Total Assets | $11.9B | $3.1B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.4B | ||
| Q3 25 | $430.8M | $1.4B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $892.1M | $1.0B | ||
| Q4 24 | $813.3M | $903.0M | ||
| Q3 24 | $811.3M | $761.0M | ||
| Q2 24 | $644.1M | $691.0M | ||
| Q1 24 | $704.6M | $578.0M |
| Q4 25 | — | — | ||
| Q3 25 | $3.3B | — | ||
| 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 25 | — | $2.1B | ||
| Q3 25 | $6.5B | $2.0B | ||
| Q2 25 | $10.4B | $1.8B | ||
| Q1 25 | $10.2B | $1.7B | ||
| Q4 24 | $10.2B | $1.5B | ||
| Q3 24 | $10.6B | $1.4B | ||
| Q2 24 | $10.5B | $1.3B | ||
| Q1 24 | $10.5B | $1.2B |
| Q4 25 | — | $3.1B | ||
| Q3 25 | $11.9B | $3.0B | ||
| Q2 25 | $18.2B | $2.8B | ||
| Q1 25 | $17.1B | $2.6B | ||
| Q4 24 | $17.0B | $2.4B | ||
| Q3 24 | $17.5B | $2.2B | ||
| Q2 24 | $17.3B | $2.2B | ||
| Q1 24 | $17.5B | $2.1B |
| Q4 25 | — | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.46× | — | ||
| 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 | $164.4M | $194.0M |
| Free Cash FlowOCF − Capex | $153.1M | $178.0M |
| FCF MarginFCF / Revenue | 14.9% | 10.9% |
| Capex IntensityCapex / Revenue | 1.1% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.99× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $194.0M | ||
| Q3 25 | $164.4M | $165.0M | ||
| Q2 25 | $311.2M | $223.0M | ||
| Q1 25 | $241.7M | $79.0M | ||
| Q4 24 | $502.2M | $147.0M | ||
| Q3 24 | $459.0M | $109.0M | ||
| Q2 24 | $308.9M | $124.0M | ||
| Q1 24 | $256.7M | $-20.0M |
| Q4 25 | — | $178.0M | ||
| Q3 25 | $153.1M | $153.0M | ||
| Q2 25 | $274.5M | $208.0M | ||
| Q1 25 | $215.0M | $69.0M | ||
| Q4 24 | $465.2M | $134.0M | ||
| Q3 24 | $431.2M | $97.0M | ||
| Q2 24 | $279.7M | $108.0M | ||
| Q1 24 | $230.3M | $-33.0M |
| Q4 25 | — | 10.9% | ||
| Q3 25 | 14.9% | 9.4% | ||
| Q2 25 | 18.1% | 13.4% | ||
| Q1 25 | 14.6% | 5.2% | ||
| Q4 24 | 28.7% | 10.0% | ||
| Q3 24 | 28.1% | 7.4% | ||
| Q2 24 | 18.0% | 8.7% | ||
| Q1 24 | 15.1% | -3.1% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 2.4% | 1.0% | ||
| Q1 25 | 1.8% | 0.7% | ||
| Q4 24 | 2.3% | 1.0% | ||
| Q3 24 | 1.8% | 0.9% | ||
| Q2 24 | 1.9% | 1.3% | ||
| Q1 24 | 1.7% | 1.2% |
| Q4 25 | — | 1.92× | ||
| Q3 25 | 2.99× | 1.57× | ||
| Q2 25 | 1.87× | 2.79× | ||
| Q1 25 | 1.41× | 1.41× | ||
| Q4 24 | 2.41× | 4.59× | ||
| Q3 24 | 2.07× | 1.95× | ||
| Q2 24 | 1.58× | 8.86× | ||
| Q1 24 | 1.24× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
