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Side-by-side financial comparison of Fortive (FTV) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
Fortive is the larger business by last-quarter revenue ($1.1B vs $625.1M, roughly 1.7× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 12.8%, a 0.6% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 7.7%). Fortive produced more free cash flow last quarter ($193.8M vs $140.3M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% CAGR vs -17.0%).
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...
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
FTV vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $625.1M |
| Net Profit | $136.4M | $83.7M |
| Gross Margin | 63.2% | 49.5% |
| Operating Margin | 17.9% | 18.2% |
| Net Margin | 12.8% | 13.4% |
| Revenue YoY | 7.7% | 15.7% |
| Net Profit YoY | 21.1% | 24.0% |
| EPS (diluted) | $0.44 | $2.50 |
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.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $625.1M | ||
| Q3 25 | $1.0B | $611.7M | ||
| Q2 25 | $1.5B | $643.7M | ||
| Q1 25 | $1.5B | $558.0M | ||
| Q4 24 | $1.6B | $540.4M | ||
| Q3 24 | $1.5B | $543.6M | ||
| Q2 24 | $1.6B | $597.3M |
| Q1 26 | $136.4M | — | ||
| Q4 25 | $185.7M | $83.7M | ||
| Q3 25 | $55.0M | $82.2M | ||
| Q2 25 | $166.6M | $100.9M | ||
| Q1 25 | $171.9M | $74.0M | ||
| Q4 24 | $208.8M | $67.5M | ||
| Q3 24 | $221.6M | $69.1M | ||
| Q2 24 | $195.1M | $82.0M |
| Q1 26 | 63.2% | — | ||
| Q4 25 | 63.2% | 49.5% | ||
| Q3 25 | 63.2% | 48.8% | ||
| Q2 25 | 59.0% | 50.6% | ||
| Q1 25 | 59.8% | 48.8% | ||
| Q4 24 | 60.3% | 46.7% | ||
| Q3 24 | 60.0% | 47.3% | ||
| Q2 24 | 59.8% | 47.7% |
| Q1 26 | 17.9% | — | ||
| Q4 25 | 20.1% | 18.2% | ||
| Q3 25 | 15.5% | 18.2% | ||
| Q2 25 | 14.6% | 21.0% | ||
| Q1 25 | 15.8% | 15.7% | ||
| Q4 24 | 19.0% | 16.5% | ||
| Q3 24 | 19.3% | 17.1% | ||
| Q2 24 | 19.4% | 18.7% |
| Q1 26 | 12.8% | — | ||
| Q4 25 | 16.5% | 13.4% | ||
| Q3 25 | 5.4% | 13.4% | ||
| Q2 25 | 11.0% | 15.7% | ||
| Q1 25 | 11.7% | 13.3% | ||
| Q4 24 | 12.9% | 12.5% | ||
| Q3 24 | 14.4% | 12.7% | ||
| Q2 24 | 12.6% | 13.7% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.60 | $2.50 | ||
| Q3 25 | $0.16 | $2.45 | ||
| Q2 25 | $0.49 | $3.01 | ||
| Q1 25 | $0.50 | $2.21 | ||
| Q4 24 | $0.60 | $2.02 | ||
| Q3 24 | $0.63 | $2.06 | ||
| Q2 24 | $0.55 | $2.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $356.1M | $405.5M |
| Total DebtLower is stronger | $3.5B | — |
| Stockholders' EquityBook value | $6.1B | $2.0B |
| Total Assets | $11.6B | $2.9B |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $356.1M | — | ||
| Q4 25 | $375.5M | $405.5M | ||
| Q3 25 | $430.8M | $457.7M | ||
| Q2 25 | $1.8B | $369.3M | ||
| Q1 25 | $892.1M | $336.8M | ||
| Q4 24 | $813.3M | $386.9M | ||
| Q3 24 | $811.3M | $303.9M | ||
| Q2 24 | $644.1M | $279.4M |
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.2B | — | ||
| 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 26 | $6.1B | — | ||
| Q4 25 | $6.5B | $2.0B | ||
| Q3 25 | $6.5B | $2.0B | ||
| Q2 25 | $10.4B | $1.9B | ||
| Q1 25 | $10.2B | $1.8B | ||
| Q4 24 | $10.2B | $1.7B | ||
| Q3 24 | $10.6B | $1.7B | ||
| Q2 24 | $10.5B | $1.6B |
| Q1 26 | $11.6B | — | ||
| Q4 25 | $11.7B | $2.9B | ||
| Q3 25 | $11.9B | $2.7B | ||
| Q2 25 | $18.2B | $2.6B | ||
| Q1 25 | $17.1B | $2.5B | ||
| Q4 24 | $17.0B | $2.4B | ||
| Q3 24 | $17.5B | $2.4B | ||
| Q2 24 | $17.3B | $2.4B |
| Q1 26 | 0.57× | — | ||
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.36× | — |
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 | $234.8M | $154.7M |
| Free Cash FlowOCF − Capex | $193.8M | $140.3M |
| FCF MarginFCF / Revenue | 18.1% | 22.4% |
| Capex IntensityCapex / Revenue | 2.5% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.72× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $935.2M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $234.8M | — | ||
| Q4 25 | $1.1B | $154.7M | ||
| Q3 25 | $164.4M | $122.4M | ||
| Q2 25 | $311.2M | $69.7M | ||
| Q1 25 | $241.7M | $55.2M | ||
| Q4 24 | $502.2M | $139.5M | ||
| Q3 24 | $459.0M | $90.7M | ||
| Q2 24 | $308.9M | $85.3M |
| Q1 26 | $193.8M | — | ||
| Q4 25 | $313.8M | $140.3M | ||
| Q3 25 | $153.1M | $110.9M | ||
| Q2 25 | $274.5M | $59.5M | ||
| Q1 25 | $215.0M | $45.6M | ||
| Q4 24 | $465.2M | $127.5M | ||
| Q3 24 | $431.2M | $84.3M | ||
| Q2 24 | $279.7M | $78.5M |
| Q1 26 | 18.1% | — | ||
| Q4 25 | 28.0% | 22.4% | ||
| Q3 25 | 14.9% | 18.1% | ||
| Q2 25 | 18.1% | 9.2% | ||
| Q1 25 | 14.6% | 8.2% | ||
| Q4 24 | 28.7% | 23.6% | ||
| Q3 24 | 28.1% | 15.5% | ||
| Q2 24 | 18.0% | 13.1% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.7% | 2.3% | ||
| Q3 25 | 1.1% | 1.9% | ||
| Q2 25 | 2.4% | 1.6% | ||
| Q1 25 | 1.8% | 1.7% | ||
| Q4 24 | 2.3% | 2.2% | ||
| Q3 24 | 1.8% | 1.2% | ||
| Q2 24 | 1.9% | 1.1% |
| Q1 26 | 1.72× | — | ||
| Q4 25 | 5.83× | 1.85× | ||
| Q3 25 | 2.99× | 1.49× | ||
| Q2 25 | 1.87× | 0.69× | ||
| Q1 25 | 1.41× | 0.75× | ||
| Q4 24 | 2.41× | 2.07× | ||
| Q3 24 | 2.07× | 1.31× | ||
| Q2 24 | 1.58× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
