Fortive Corporation (FTV) vs Trimble Inc. (TRMB)

Fortive Corporation and Trimble Inc. are both Scientific & Technical Instruments companies. Fortive Corporation is the larger, with a market value of $16.7B against $13.5B — 1.2× the size. Trimble Inc. has negative trailing earnings, so its P/E is not meaningful; Fortive Corporation trades at 32.6×. Fortive Corporation grew revenue faster over the last twelve months: 43.2% against 5.80%. Fortive Corporation has the higher net margin (12.4% vs −2.77%) and the lower return on invested capital (5.34% vs 6.32%). Across the 21 metrics below, Trimble Inc. leads on 11 and Fortive Corporation on 10.

Valuation

Metric FTV TRMB Scientific & Technical Instruments median
P/E 32.61 n/m 35.93
P/S 3.95 3.56 4.46
P/B 2.81 2.64 3.00
Price to free cash flow 18.20 17.62 24.96
EV/EBITDA 17.09 17.43 19.60
EV/Sales 4.89 3.89 4.98
Earnings yield 3.07% (0.81%) 0.53%
Free cash flow yield 5.50% 5.68% 1.12%

Profitability

Metric FTV TRMB Scientific & Technical Instruments median
Gross margin 63.23% 69.80% 45.75%
Operating margin 18.23% 16.99% 7.34%
Net margin 12.38% (2.77%) 1.56%
Free cash flow margin 21.72% 20.44% 5.84%
Return on equity 6.49% (1.94%) 2.87%
Return on assets 3.58% (1.19%) 0.99%
Return on invested capital 5.34% 6.32% 3.88%

Growth

Metric FTV TRMB Scientific & Technical Instruments median
Revenue growth (TTM) 43.22% 5.80% 11.28%
EPS growth (last fiscal year) (26.69%) (71.10%) —
Revenue growth, 5-year CAGR (2.14%) 2.65% 7.89%
Net income growth, 5-year CAGR (17.81%) 1.69% 0.00%

Health

Metric FTV TRMB Scientific & Technical Instruments median
Debt to equity 0.58 0.29 0.00
Current ratio 1.24 0.95 2.24
Net debt to EBITDA 2.44 1.44 0.44

Dividend

Metric FTV TRMB Scientific & Technical Instruments median
Dividend yield 0.38% — 0.72%
Payout ratio 0.13 0.00 0.00

Size

Metric FTV TRMB Scientific & Technical Instruments median
Market cap 16.74b 13.51b 483.67m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack