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Fortive vs Ralliant: revenue, profit, margins and growth compared

Fortive brought in $4.2B of revenue in fiscal 2025, Ralliant $2.1B in fiscal 2025. Revenue changed by +1.9% at Fortive and -4.0% at Ralliant on the year before, so Fortive grew faster. Fortive kept 13.9% of its revenue as net profit, Ralliant -59.1%. Free cash flow was $978.1M at Fortive and $358.4M at Ralliant.

Side by side, latest fiscal year

FTVRAL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.2B$2.1B
Revenue growth+1.9%-4.0%
Net income$579.2M-$1.2B
Net margin13.9%-59.1%
Free cash flow$978.1M$358.4M
Free cash flow margin23.5%17.3%
Earnings per share (diluted)$1.73-$10.84
Cash$375.5M$318.8M
Debt$3.2B$1.1B
Price to earnings32.4n/a
Market value$16.9B$7.7B
Dividend yieldn/a0.14%
Rank by revenue in sector#138 of 451 · Industrials#217 of 451 · Industrials

Over the years

Revenue
FTV FY2018: $6.5BFTV FY2019: $4.6BFTV FY2020: $4.6BFTV FY2021: $5.3BFTV FY2022: $5.8BFTV FY2023: $3.9BFTV FY2024: $4.1BFTV FY2025: $4.2BRAL FY2023: $2.2BRAL FY2025: $2.2BRAL FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
FTV $4.2BRAL $2.1B
Net income
FTV FY2018: $2.9BFTV FY2019: $669.9MFTV FY2020: $1.5BFTV FY2021: $573.9MFTV FY2022: $755.2MFTV FY2023: $865.8MFTV FY2024: $832.9MFTV FY2025: $579.2MRAL FY2023: $416.8MRAL FY2025: $354.6MRAL FY2025: -$1.2BFY18FY19FY20FY21FY22FY23FY24FY25
FTV $579.2MRAL -$1.2B
Net margin
FTV FY2018: 44.6%FTV FY2019: 14.7%FTV FY2020: 33.3%FTV FY2021: 10.9%FTV FY2022: 13.0%FTV FY2023: 22.1%FTV FY2024: 20.4%FTV FY2025: 13.9%RAL FY2023: 19.3%RAL FY2025: 16.5%RAL FY2025: -59.1%FY18FY19FY20FY21FY22FY23FY24FY25
FTV 13.9%RAL -59.1%
Revenue growth
FTV FY2019: -29.3%FTV FY2020: +1.5%FTV FY2021: +13.4%FTV FY2022: +10.9%FTV FY2023: -32.8%FTV FY2024: +4.3%FTV FY2025: +1.9%RAL FY2025: -0.0%RAL FY2025: -4.0%FY19FY20FY21FY22FY23FY24FY25
FTV +1.9%RAL -4.0%
Free cash flow
FTV FY2018: $1.3BFTV FY2019: $1.2BFTV FY2020: $1.4BFTV FY2021: $911.1MFTV FY2022: $1.2BFTV FY2023: $1.3BFTV FY2024: $1.4BFTV FY2025: $978.1MRAL FY2023: $432.6MRAL FY2025: $420.2MRAL FY2025: $358.4MFY18FY19FY20FY21FY22FY23FY24FY25
FTV $978.1MRAL $358.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Fortive and Ralliant

Which is bigger by revenue, Fortive or Ralliant?

Fortive is bigger by revenue: $4.2B in fiscal 2025, against $2.1B for Ralliant in fiscal 2025.

Which keeps more of its revenue as profit, Fortive or Ralliant?

Fortive had a net margin of 13.9% in fiscal 2025; Ralliant had -59.1% in fiscal 2025.

Which grew revenue faster, Fortive or Ralliant?

In their latest fiscal years revenue changed by +1.9% at Fortive and -4.0% at Ralliant.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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