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Side-by-side financial comparison of Fortive (FTV) and WHITE MOUNTAINS INSURANCE GROUP LTD (WTM). Click either name above to swap in a different company.

WHITE MOUNTAINS INSURANCE GROUP LTD is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.4× Fortive). WHITE MOUNTAINS INSURANCE GROUP LTD runs the higher net margin — 52.1% vs 16.5%, a 35.6% gap on every dollar of revenue. On growth, WHITE MOUNTAINS INSURANCE GROUP LTD posted the faster year-over-year revenue change (348.0% vs 4.6%). Over the past eight quarters, WHITE MOUNTAINS INSURANCE GROUP LTD's revenue compounded faster (57.4% CAGR vs -14.2%).

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...

White Mountains Insurance Group is a diversified insurance and related financial services holding company based in Hamilton, Bermuda. Redomiciled from Delaware, United States, on October 25, 1999, the company conducts most of its business through its insurance subsidiaries and other affiliates.

FTV vs WTM — Head-to-Head

Bigger by revenue
WTM
WTM
1.4× larger
WTM
$1.6B
$1.1B
FTV
Growing faster (revenue YoY)
WTM
WTM
+343.4% gap
WTM
348.0%
4.6%
FTV
Higher net margin
WTM
WTM
35.6% more per $
WTM
52.1%
16.5%
FTV
Faster 2-yr revenue CAGR
WTM
WTM
Annualised
WTM
57.4%
-14.2%
FTV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FTV
FTV
WTM
WTM
Revenue
$1.1B
$1.6B
Net Profit
$185.7M
$835.8M
Gross Margin
63.2%
97.1%
Operating Margin
20.1%
56.2%
Net Margin
16.5%
52.1%
Revenue YoY
4.6%
348.0%
Net Profit YoY
10.4%
741.0%
EPS (diluted)
$0.60
$325.02

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
WTM
WTM
Q4 25
$1.1B
$1.6B
Q3 25
$1.0B
$864.2M
Q2 25
$1.5B
$689.2M
Q1 25
$1.5B
$577.8M
Q4 24
$1.6B
$358.0M
Q3 24
$1.5B
$839.1M
Q2 24
$1.6B
$395.4M
Q1 24
$1.5B
$647.3M
Net Profit
FTV
FTV
WTM
WTM
Q4 25
$185.7M
$835.8M
Q3 25
$55.0M
$113.8M
Q2 25
$166.6M
$122.9M
Q1 25
$171.9M
$33.9M
Q4 24
$208.8M
$-130.4M
Q3 24
$221.6M
$179.0M
Q2 24
$195.1M
$-54.6M
Q1 24
$207.4M
$236.4M
Gross Margin
FTV
FTV
WTM
WTM
Q4 25
63.2%
97.1%
Q3 25
63.2%
93.6%
Q2 25
59.0%
93.8%
Q1 25
59.8%
98.7%
Q4 24
60.3%
97.9%
Q3 24
60.0%
99.1%
Q2 24
59.8%
98.2%
Q1 24
59.3%
98.8%
Operating Margin
FTV
FTV
WTM
WTM
Q4 25
20.1%
56.2%
Q3 25
15.5%
20.7%
Q2 25
14.6%
25.6%
Q1 25
15.8%
12.5%
Q4 24
19.0%
-33.7%
Q3 24
19.3%
28.5%
Q2 24
19.4%
-8.8%
Q1 24
19.8%
35.9%
Net Margin
FTV
FTV
WTM
WTM
Q4 25
16.5%
52.1%
Q3 25
5.4%
13.2%
Q2 25
11.0%
17.8%
Q1 25
11.7%
5.9%
Q4 24
12.9%
-36.4%
Q3 24
14.4%
21.3%
Q2 24
12.6%
-13.8%
Q1 24
13.6%
36.5%
EPS (diluted)
FTV
FTV
WTM
WTM
Q4 25
$0.60
$325.02
Q3 25
$0.16
$44.18
Q2 25
$0.49
$47.75
Q1 25
$0.50
$13.19
Q4 24
$0.60
$-50.98
Q3 24
$0.63
$69.68
Q2 24
$0.55
$-21.24
Q1 24
$0.58
$92.33

Balance Sheet & Financial Strength

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

Metric
FTV
FTV
WTM
WTM
Cash + ST InvestmentsLiquidity on hand
$375.5M
Total DebtLower is stronger
$3.2B
$837.0M
Stockholders' EquityBook value
$6.5B
$5.4B
Total Assets
$11.7B
$12.3B
Debt / EquityLower = less leverage
0.50×
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTV
FTV
WTM
WTM
Q4 25
$375.5M
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
Total Debt
FTV
FTV
WTM
WTM
Q4 25
$3.2B
$837.0M
Q3 25
$3.3B
$870.4M
Q2 25
$4.8B
$694.6M
Q1 25
$3.9B
$676.1M
Q4 24
$3.7B
$562.5M
Q3 24
$3.9B
$544.9M
Q2 24
$3.8B
$530.2M
Q1 24
$3.9B
$532.1M
Stockholders' Equity
FTV
FTV
WTM
WTM
Q4 25
$6.5B
$5.4B
Q3 25
$6.5B
$4.8B
Q2 25
$10.4B
$4.6B
Q1 25
$10.2B
$4.5B
Q4 24
$10.2B
$4.5B
Q3 24
$10.6B
$4.6B
Q2 24
$10.5B
$4.4B
Q1 24
$10.5B
$4.5B
Total Assets
FTV
FTV
WTM
WTM
Q4 25
$11.7B
$12.3B
Q3 25
$11.9B
$12.3B
Q2 25
$18.2B
$11.8B
Q1 25
$17.1B
$11.0B
Q4 24
$17.0B
$9.9B
Q3 24
$17.5B
$10.3B
Q2 24
$17.3B
$10.2B
Q1 24
$17.5B
$9.6B
Debt / Equity
FTV
FTV
WTM
WTM
Q4 25
0.50×
0.15×
Q3 25
0.51×
0.18×
Q2 25
0.46×
0.15×
Q1 25
0.38×
0.15×
Q4 24
0.36×
0.13×
Q3 24
0.37×
0.12×
Q2 24
0.36×
0.12×
Q1 24
0.38×
0.12×

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
WTM
WTM
Operating Cash FlowLast quarter
$1.1B
$53.9M
Free Cash FlowOCF − Capex
$313.8M
FCF MarginFCF / Revenue
28.0%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
5.83×
0.06×
TTM Free Cash FlowTrailing 4 quarters
$956.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTV
FTV
WTM
WTM
Q4 25
$1.1B
$53.9M
Q3 25
$164.4M
$359.3M
Q2 25
$311.2M
$177.5M
Q1 25
$241.7M
$-40.2M
Q4 24
$502.2M
$64.1M
Q3 24
$459.0M
$269.4M
Q2 24
$308.9M
$216.8M
Q1 24
$256.7M
$36.5M
Free Cash Flow
FTV
FTV
WTM
WTM
Q4 25
$313.8M
Q3 25
$153.1M
Q2 25
$274.5M
Q1 25
$215.0M
Q4 24
$465.2M
Q3 24
$431.2M
Q2 24
$279.7M
Q1 24
$230.3M
FCF Margin
FTV
FTV
WTM
WTM
Q4 25
28.0%
Q3 25
14.9%
Q2 25
18.1%
Q1 25
14.6%
Q4 24
28.7%
Q3 24
28.1%
Q2 24
18.0%
Q1 24
15.1%
Capex Intensity
FTV
FTV
WTM
WTM
Q4 25
2.7%
Q3 25
1.1%
Q2 25
2.4%
Q1 25
1.8%
Q4 24
2.3%
Q3 24
1.8%
Q2 24
1.9%
Q1 24
1.7%
Cash Conversion
FTV
FTV
WTM
WTM
Q4 25
5.83×
0.06×
Q3 25
2.99×
3.16×
Q2 25
1.87×
1.44×
Q1 25
1.41×
-1.19×
Q4 24
2.41×
Q3 24
2.07×
1.51×
Q2 24
1.58×
Q1 24
1.24×
0.15×

Financial Flow Comparison

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

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