Fortive Corporation (FTV) vs Novanta Inc. (NOVT)
Fortive Corporation and Novanta Inc. are both Scientific & Technical Instruments companies. Fortive Corporation is the larger, with a market value of $16.7B against $5.4B — 3.1× the size. Fortive Corporation trades at the lower P/E: 32.6× against 90.6×. Fortive Corporation grew revenue faster over the last twelve months: 43.2% against 7.61%. Fortive Corporation has the higher net margin (12.4% vs 6.00%) and the higher return on invested capital (5.34% vs 5.12%). Across the 22 metrics below, Fortive Corporation leads on 16 and Novanta Inc. on 6.
Valuation
Profitability
| Metric | FTV | NOVT | Scientific & Technical Instruments median |
|---|---|---|---|
| Gross margin | 63.23% | 44.54% | 45.75% |
| Operating margin | 18.23% | 8.96% | 7.34% |
| Net margin | 12.38% | 6.00% | 1.56% |
| Free cash flow margin | 21.72% | 10.59% | 5.84% |
| Return on equity | 6.49% | 5.11% | 2.87% |
| Return on assets | 3.58% | 3.38% | 0.99% |
| Return on invested capital | 5.34% | 5.12% | 3.88% |
Growth
Health
Dividend
Size
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