Fortive Corporation (FTV) vs Vontier Corporation (VNT)

Fortive Corporation and Vontier Corporation are both Scientific & Technical Instruments companies. Fortive Corporation is the larger, with a market value of $17.0B against $4.4B — 3.9× the size. Vontier Corporation trades at the lower P/E: 13.3× against 33.3×. Fortive Corporation grew revenue faster over the last twelve months: 43.2% against 0.88%. Fortive Corporation has the higher net margin (12.4% vs 11.3%) and the lower return on invested capital (5.34% vs 14.3%). Both pay a dividend; Fortive Corporation yields more (0.44% vs 0.31%). Across the 23 metrics below, Vontier Corporation leads on 16 and Fortive Corporation on 7.

Valuation

Metric FTV VNT Scientific & Technical Instruments median
P/E 33.29 13.27 36.90
P/S 4.04 1.47 4.90
P/B 2.87 3.75 2.91
Price to free cash flow 18.58 11.69 25.13
EV/EBITDA 17.38 8.38 19.03
EV/Sales 4.97 1.90 4.88
Earnings yield 3.00% 7.54% 0.54%
Free cash flow yield 5.38% 8.56% 1.13%

Profitability

Metric FTV VNT Scientific & Technical Instruments median
Gross margin 63.23% 47.18% 45.75%
Operating margin 18.23% 18.79% 7.34%
Net margin 12.38% 11.34% 1.56%
Free cash flow margin 21.72% 12.55% 5.84%
Return on equity 6.49% 28.90% 2.87%
Return on assets 3.58% 8.28% 0.99%
Return on invested capital 5.34% 14.25% 3.88%

Growth

Metric FTV VNT Scientific & Technical Instruments median
Revenue growth (TTM) 43.22% 0.88% 11.15%
EPS growth (last fiscal year) (26.69%) 0.36% 11.47%
Revenue growth, 5-year CAGR (2.14%) 2.60% 7.89%
Net income growth, 5-year CAGR (17.81%) 3.50% 0.00%

Health

Metric FTV VNT Scientific & Technical Instruments median
Debt to equity 0.58 1.33 0.00
Current ratio 1.24 1.25 2.24
Net debt to EBITDA 2.44 1.60 0.44

Dividend

Metric FTV VNT Scientific & Technical Instruments median
Dividend yield 0.44% 0.31% 0.52%
Payout ratio 0.15 0.04 0.36

Size

Metric FTV VNT Scientific & Technical Instruments median
Market cap 17.04b 4.35b 449.89m

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