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Side-by-side financial comparison of Fortive (FTV) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Fortive is the larger business by last-quarter revenue ($1.0B vs $846.8M, roughly 1.2× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs 5.4%, a 16.7% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs -33.1%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $153.1M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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...
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
FTV vs TTD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $846.8M |
| Net Profit | $55.0M | $186.9M |
| Gross Margin | 63.2% | 80.7% |
| Operating Margin | 15.5% | 30.3% |
| Net Margin | 5.4% | 22.1% |
| Revenue YoY | -33.1% | 14.3% |
| Net Profit YoY | -75.2% | 2.6% |
| EPS (diluted) | $0.16 | $0.39 |
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 | — | $846.8M | ||
| Q3 25 | $1.0B | $739.4M | ||
| Q2 25 | $1.5B | $694.0M | ||
| Q1 25 | $1.5B | $616.0M | ||
| Q4 24 | $1.6B | $741.0M | ||
| Q3 24 | $1.5B | $628.0M | ||
| Q2 24 | $1.6B | $584.5M | ||
| Q1 24 | $1.5B | $491.3M |
| Q4 25 | — | $186.9M | ||
| Q3 25 | $55.0M | $115.5M | ||
| Q2 25 | $166.6M | $90.1M | ||
| Q1 25 | $171.9M | $50.7M | ||
| Q4 24 | $208.8M | $182.2M | ||
| Q3 24 | $221.6M | $94.2M | ||
| Q2 24 | $195.1M | $85.0M | ||
| Q1 24 | $207.4M | $31.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | 63.2% | 78.1% | ||
| Q2 25 | 59.0% | 78.2% | ||
| Q1 25 | 59.8% | 76.8% | ||
| Q4 24 | 60.3% | 81.7% | ||
| Q3 24 | 60.0% | 80.5% | ||
| Q2 24 | 59.8% | 81.1% | ||
| Q1 24 | 59.3% | 78.9% |
| Q4 25 | — | 30.3% | ||
| Q3 25 | 15.5% | 21.8% | ||
| Q2 25 | 14.6% | 16.8% | ||
| Q1 25 | 15.8% | 8.8% | ||
| Q4 24 | 19.0% | 26.4% | ||
| Q3 24 | 19.3% | 17.3% | ||
| Q2 24 | 19.4% | 16.2% | ||
| Q1 24 | 19.8% | 5.8% |
| Q4 25 | — | 22.1% | ||
| Q3 25 | 5.4% | 15.6% | ||
| Q2 25 | 11.0% | 13.0% | ||
| Q1 25 | 11.7% | 8.2% | ||
| Q4 24 | 12.9% | 24.6% | ||
| Q3 24 | 14.4% | 15.0% | ||
| Q2 24 | 12.6% | 14.5% | ||
| Q1 24 | 13.6% | 6.4% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | $0.16 | $0.23 | ||
| Q2 25 | $0.49 | $0.18 | ||
| Q1 25 | $0.50 | $0.10 | ||
| Q4 24 | $0.60 | $0.36 | ||
| Q3 24 | $0.63 | $0.19 | ||
| Q2 24 | $0.55 | $0.17 | ||
| Q1 24 | $0.58 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $6.5B | $2.5B |
| Total Assets | $11.9B | $6.2B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | $430.8M | $1.4B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $892.1M | $1.7B | ||
| Q4 24 | $813.3M | $1.9B | ||
| Q3 24 | $811.3M | $1.7B | ||
| Q2 24 | $644.1M | $1.5B | ||
| Q1 24 | $704.6M | $1.4B |
| 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 | — | $2.5B | ||
| Q3 25 | $6.5B | $2.6B | ||
| Q2 25 | $10.4B | $2.7B | ||
| Q1 25 | $10.2B | $2.7B | ||
| Q4 24 | $10.2B | $2.9B | ||
| Q3 24 | $10.6B | $2.6B | ||
| Q2 24 | $10.5B | $2.4B | ||
| Q1 24 | $10.5B | $2.2B |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $11.9B | $5.9B | ||
| Q2 25 | $18.2B | $6.0B | ||
| Q1 25 | $17.1B | $5.7B | ||
| Q4 24 | $17.0B | $6.1B | ||
| Q3 24 | $17.5B | $5.5B | ||
| Q2 24 | $17.3B | $5.2B | ||
| Q1 24 | $17.5B | $4.7B |
| 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 | $311.6M |
| Free Cash FlowOCF − Capex | $153.1M | $285.3M |
| FCF MarginFCF / Revenue | 14.9% | 33.7% |
| Capex IntensityCapex / Revenue | 1.1% | 3.1% |
| Cash ConversionOCF / Net Profit | 2.99× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $311.6M | ||
| Q3 25 | $164.4M | $224.7M | ||
| Q2 25 | $311.2M | $165.0M | ||
| Q1 25 | $241.7M | $291.4M | ||
| Q4 24 | $502.2M | $199.4M | ||
| Q3 24 | $459.0M | $273.3M | ||
| Q2 24 | $308.9M | $81.3M | ||
| Q1 24 | $256.7M | $185.5M |
| Q4 25 | — | $285.3M | ||
| Q3 25 | $153.1M | $158.3M | ||
| Q2 25 | $274.5M | $119.8M | ||
| Q1 25 | $215.0M | $232.3M | ||
| Q4 24 | $465.2M | $179.2M | ||
| Q3 24 | $431.2M | $224.6M | ||
| Q2 24 | $279.7M | $59.1M | ||
| Q1 24 | $230.3M | $178.2M |
| Q4 25 | — | 33.7% | ||
| Q3 25 | 14.9% | 21.4% | ||
| Q2 25 | 18.1% | 17.3% | ||
| Q1 25 | 14.6% | 37.7% | ||
| Q4 24 | 28.7% | 24.2% | ||
| Q3 24 | 28.1% | 35.8% | ||
| Q2 24 | 18.0% | 10.1% | ||
| Q1 24 | 15.1% | 36.3% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | 1.1% | 9.0% | ||
| Q2 25 | 2.4% | 6.5% | ||
| Q1 25 | 1.8% | 9.6% | ||
| Q4 24 | 2.3% | 2.7% | ||
| Q3 24 | 1.8% | 7.8% | ||
| Q2 24 | 1.9% | 3.8% | ||
| Q1 24 | 1.7% | 1.5% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | 2.99× | 1.94× | ||
| Q2 25 | 1.87× | 1.83× | ||
| Q1 25 | 1.41× | 5.75× | ||
| Q4 24 | 2.41× | 1.09× | ||
| Q3 24 | 2.07× | 2.90× | ||
| Q2 24 | 1.58× | 0.96× | ||
| Q1 24 | 1.24× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
