vs
Fortive（FTV）与高德纳（IT）财务数据对比。点击上方公司名可切换其他公司
高德纳的季度营收约是Fortive的1.7倍（$1.8B vs $1.0B），高德纳净利率更高（13.8% vs 5.4%，领先8.5%），高德纳同比增速更快（2.2% vs -33.1%），高德纳自由现金流更多（$270.7M vs $153.1M），过去两年高德纳的营收复合增速更高（9.1% vs -19.5%）
Fortive是总部位于美国华盛顿州埃弗里特的工业科技集团，专注于提供互联工作流解决方案所需的核心技术，研发、生产及销售专业工程类产品、软件与服务，旗下业务分为智能运营解决方案、精密技术、先进医疗解决方案三大战略板块。
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
FTV vs IT — 直观对比
营收规模更大
IT
是对方的1.7倍
$1.0B
营收增速更快
IT
高出35.3%
-33.1%
净利率更高
IT
高出8.5%
5.4%
自由现金流更多
IT
多$117.6M
$153.1M
两年增速更快
IT
近两年复合增速
-19.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.8B |
| 净利润 | $55.0M | $242.2M |
| 毛利率 | 63.2% | 67.8% |
| 营业利润率 | 15.5% | 19.1% |
| 净利率 | 5.4% | 13.8% |
| 营收同比 | -33.1% | 2.2% |
| 净利润同比 | -75.2% | -39.2% |
| 每股收益（稀释后） | $0.16 | $3.36 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FTVIT
| Q4 25 | — | $1.8B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
净利润FTVIT
| Q4 25 | — | $242.2M | ||
| Q3 25 | $55.0M | $35.4M | ||
| Q2 25 | $166.6M | $240.8M | ||
| Q1 25 | $171.9M | $210.9M | ||
| Q4 24 | $208.8M | $398.6M | ||
| Q3 24 | $221.6M | $415.0M | ||
| Q2 24 | $195.1M | $229.5M | ||
| Q1 24 | $207.4M | $210.5M |
毛利率FTVIT
| Q4 25 | — | 67.8% | ||
| Q3 25 | 63.2% | 69.3% | ||
| Q2 25 | 59.0% | 68.6% | ||
| Q1 25 | 59.8% | 69.4% | ||
| Q4 24 | 60.3% | 66.8% | ||
| Q3 24 | 60.0% | 68.4% | ||
| Q2 24 | 59.8% | 68.6% | ||
| Q1 24 | 59.3% | 69.4% |
营业利润率FTVIT
| Q4 25 | — | 19.1% | ||
| Q3 25 | 15.5% | 5.7% | ||
| Q2 25 | 14.6% | 19.4% | ||
| Q1 25 | 15.8% | 18.1% | ||
| Q4 24 | 19.0% | 18.5% | ||
| Q3 24 | 19.3% | 16.6% | ||
| Q2 24 | 19.4% | 20.0% | ||
| Q1 24 | 19.8% | 18.6% |
净利率FTVIT
| Q4 25 | — | 13.8% | ||
| Q3 25 | 5.4% | 2.3% | ||
| Q2 25 | 11.0% | 14.3% | ||
| Q1 25 | 11.7% | 13.7% | ||
| Q4 24 | 12.9% | 23.2% | ||
| Q3 24 | 14.4% | 28.0% | ||
| Q2 24 | 12.6% | 14.4% | ||
| Q1 24 | 13.6% | 14.3% |
每股收益（稀释后）FTVIT
| Q4 25 | — | $3.36 | ||
| Q3 25 | $0.16 | $0.47 | ||
| Q2 25 | $0.49 | $3.11 | ||
| Q1 25 | $0.50 | $2.71 | ||
| Q4 24 | $0.60 | $5.08 | ||
| Q3 24 | $0.63 | $5.32 | ||
| Q2 24 | $0.55 | $2.93 | ||
| Q1 24 | $0.58 | $2.67 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $430.8M | $1.7B |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $6.5B | $319.9M |
| 总资产 | $11.9B | $8.1B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资FTVIT
| Q4 25 | — | $1.7B | ||
| Q3 25 | $430.8M | $1.4B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $892.1M | $2.1B | ||
| Q4 24 | $813.3M | $1.9B | ||
| Q3 24 | $811.3M | $1.8B | ||
| Q2 24 | $644.1M | $1.2B | ||
| Q1 24 | $704.6M | $1.2B |
总债务FTVIT
| 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 | — |
股东权益FTVIT
| Q4 25 | — | $319.9M | ||
| Q3 25 | $6.5B | $556.6M | ||
| Q2 25 | $10.4B | $1.5B | ||
| Q1 25 | $10.2B | $1.5B | ||
| Q4 24 | $10.2B | $1.4B | ||
| Q3 24 | $10.6B | $1.1B | ||
| Q2 24 | $10.5B | $646.7M | ||
| Q1 24 | $10.5B | $718.2M |
总资产FTVIT
| Q4 25 | — | $8.1B | ||
| Q3 25 | $11.9B | $7.2B | ||
| Q2 25 | $18.2B | $8.3B | ||
| Q1 25 | $17.1B | $8.5B | ||
| Q4 24 | $17.0B | $8.5B | ||
| Q3 24 | $17.5B | $7.8B | ||
| Q2 24 | $17.3B | $7.4B | ||
| Q1 24 | $17.5B | $7.7B |
负债/权益比FTVIT
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $164.4M | $294.5M |
| 自由现金流经营现金流 - 资本支出 | $153.1M | $270.7M |
| 自由现金流率自由现金流/营收 | 14.9% | 15.4% |
| 资本支出强度资本支出/营收 | 1.1% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.99× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $1.2B |
8季度趋势，按日历期对齐
经营现金流FTVIT
| Q4 25 | — | $294.5M | ||
| Q3 25 | $164.4M | $298.7M | ||
| Q2 25 | $311.2M | $383.6M | ||
| Q1 25 | $241.7M | $313.5M | ||
| Q4 24 | $502.2M | $335.4M | ||
| Q3 24 | $459.0M | $590.8M | ||
| Q2 24 | $308.9M | $370.0M | ||
| Q1 24 | $256.7M | $188.8M |
自由现金流FTVIT
| Q4 25 | — | $270.7M | ||
| Q3 25 | $153.1M | $269.3M | ||
| Q2 25 | $274.5M | $347.3M | ||
| Q1 25 | $215.0M | $287.9M | ||
| Q4 24 | $465.2M | $311.4M | ||
| Q3 24 | $431.2M | $565.0M | ||
| Q2 24 | $279.7M | $340.6M | ||
| Q1 24 | $230.3M | $166.2M |
自由现金流率FTVIT
| Q4 25 | — | 15.4% | ||
| Q3 25 | 14.9% | 17.7% | ||
| Q2 25 | 18.1% | 20.6% | ||
| Q1 25 | 14.6% | 18.8% | ||
| Q4 24 | 28.7% | 18.2% | ||
| Q3 24 | 28.1% | 38.1% | ||
| Q2 24 | 18.0% | 21.4% | ||
| Q1 24 | 15.1% | 11.3% |
资本支出强度FTVIT
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.1% | 1.9% | ||
| Q2 25 | 2.4% | 2.1% | ||
| Q1 25 | 1.8% | 1.7% | ||
| Q4 24 | 2.3% | 1.4% | ||
| Q3 24 | 1.8% | 1.7% | ||
| Q2 24 | 1.9% | 1.8% | ||
| Q1 24 | 1.7% | 1.5% |
现金转化率FTVIT
| Q4 25 | — | 1.22× | ||
| Q3 25 | 2.99× | 8.45× | ||
| Q2 25 | 1.87× | 1.59× | ||
| Q1 25 | 1.41× | 1.49× | ||
| Q4 24 | 2.41× | 0.84× | ||
| Q3 24 | 2.07× | 1.42× | ||
| Q2 24 | 1.58× | 1.61× | ||
| Q1 24 | 1.24× | 0.90× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
