FTV vs GTX vs IPGP Stock Comparison

Fortive, Garrett Motion and Ipg Photonics Prices as of Oct 29, 2026 Peers: Industry group
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FTV Fortive Corp
$65.86 +18.9% 1M +30.8% 1Y
Market cap
$19.53B
P/E
30.0x
Revenue (TTM)
$4.40B
Div. yield
0.00%
Industrial Machinery Industrials
3 wins
GTX Garrett Motion Inc.
$22.48 -14.3% 1M +31.6% 1Y
Market cap
$3.90B
P/E
10.4x
Revenue (TTM)
$3.78B
Div. yield
–
Industrial Machinery Industrials
4 wins
IPGP Ipg Photonics Corp
$75.70 -3.6% 1M -12.4% 1Y
Market cap
$3.07B
P/E
111.5x
Revenue (TTM)
$1.07B
Div. yield
–
Industrial Machinery Industrials
2 wins

Head to Head

9 decided of 12

Garrett Motion leads on 4 of the 12 questions below (Garrett Motion 4, Fortive 3, Ipg Photonics 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFTVGTXIPGPLeader
Larger companyMarket capitalisation $19.53B $3.90B $3.07B FTV
Cheaper on earningsLower P/E, profitable companies only 30.0x 10.4x 111.5x GTX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.6x 12.4x 72.1x GTX
Faster revenue growthRevenue growth, trailing twelve months +7.0% +6.9% +13.0% IPGP
More profitableNet margin, trailing twelve months 14.8% — 2.6% FTV
Better return on capitalReturn on invested capital 8.1% — — –
Less leveragedLower net debt / EBITDA 2.4x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +30.8% +31.6% -12.4% GTX
Better 5-year returnAnnualised price return, 5 years -2.8%/yr +27.3%/yr -13.8%/yr GTX
Less volatileAnnualised volatility, 1 year 27.0% 44.2% 72.0% FTV
Higher overall scoreMean of the five percentile scores vs peers 49/100 54/100 58/100 IPGP

Percentile Scorecard

FTVGTXIPGP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFTVGTXIPGP
Valuation 47 #108 of 203 97 #8 of 203 40 #122 of 203
Growth 26 #140 of 188 49 #96 of 188 30 #132 of 188
Profitability 76 #45 of 183 – 31 #126 of 183
Financial Health 38 #135 of 216 3 #210 of 216 96 #9 of 216
Shareholder Returns 58 #65 of 152 66 #53 of 152 94 #10 of 152
Overall 49 54 58
  • FTV ranked among 222 companies in Machinery
  • GTX ranked among 222 companies in Machinery
  • IPGP ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFTVGTXIPGPSPY
1 month +18.9%-14.3%-3.6% +0.7%
3 months +12.6%-27.5%-10.8% +3.7%
6 months +10.2%-12.2%-36.3% +7.1%
Year to date +19.3%+29.0%+5.7% +12.8%
1 year +30.8%+31.6%-12.4% +11.9%
3 years +1.3%+214.4%-9.6% +85.2%
3 years, per year +0.4%+46.5%-3.3% +22.8%
5 years -13.0%+233.5%-52.4% +67.6%
5 years, per year -2.8%+27.3%-13.8% +10.9%
10 years +31.2%—-21.9% +262.0%
10 years, per year +2.8%—-2.4% +13.7%

Risk

MeasureFTVGTXIPGPSPY
Volatility, 1Y 27.0%44.2%72.0% 12.7%
Downside volatility, 1Y 26.1%37.4%78.0% 12.6%
Beta vs S&P 500, 1Y 0.601.662.14 1.00
Return / volatility, 1Y 1.140.72-0.17 0.94
Max drawdown, 5Y -46.1%-40.5%-72.0% -25.4%
From 52-week high 0.0%-38.0%-50.8% -1.2%
52-week high $65.86$36.23$153.91 $779.14
52-week low $50.10$15.64$69.41 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFTVGTXIPGP
P/E now vs peer median 30.3xmedian 25.8x 11.2xmedian 25.8x 116.7xmedian 25.8x
P/S now vs peer median 4.5xmedian 1.9x 1.1xmedian 1.9x 3.0xmedian 1.9x
EV/EBITDA now vs peer median 17.3xmedian 14.6x —median 14.6x 31.3xmedian 14.6x
P/FCF now vs peer median 18.1xmedian 22.2x 13.4xmedian 22.2x 154.8xmedian 22.2x
P/B now vs peer median 3.3xmedian 2.2x -6.8xmedian 2.2x 1.5xmedian 2.2x
PEG now vs peer median -11.48median 1.45 0.07median 1.45 -3.43median 1.45

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFTVGTXIPGP
Revenue $4.40B $3.78B $1.07B
Gross profit $2.79B $799.00M $410.10M
Operating income $863.00M – $7.97M
Net income $651.90M – $27.56M
Free cash flow $1.09B – $20.80M
R&D $268.20M – $123.44M
EPS (diluted) $2.15 $1.98 $0.64
Cash & equivalents $377.30M $211.00M $399.23M
Total debt $3.51B – –
Shares (diluted) 303.90M 190.59M 42.91M
Enterprise value $18.04B $3.90B -$321.20M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFTVGTXIPGP
P/E 30.3x 11.2x 116.7x
P/FCF 18.1x 13.4x 154.8x
P/Operating cash flow 16.4x 8.8x 33.4x
P/S 4.5x 1.1x 3.0x
P/B 3.3x -6.8x 1.5x
P/Tangible book 4.9x -6.8x 1.5x
EV/EBITDA 17.3x – 31.3x
EV/EBIT 26.4x – 294.7x
EV/Revenue 5.2x 1.1x 2.2x
EV/FCF 21.0x – 112.9x
EV/Operating cash flow 19.0x 8.8x 24.4x
PEG (3Y EPS CAGR) -11.48 0.07 -3.43

Growth

14 metrics
MetricFTVGTXIPGP
Revenue growth (1Y) 7.0% 6.9% 13.0%
Revenue CAGR (3Y) -9.9% -0.5% -7.9%
Gross profit growth (1Y) 6.2% 9.8% 25.1%
Gross profit CAGR (3Y) -7.6% 3.2% -6.8%
Operating income growth (1Y) 22.1% – 103.4%
Operating income CAGR (3Y) -8.1% – -62.6%
Net income growth (1Y) 8.2% – 112.8%
Net income CAGR (3Y) -7.7% – -36.2%
EPS growth (1Y) 18.7% 22.7% 112.7%
EPS CAGR (3Y) -2.6% 162.6% -34.0%
Operating cash flow growth (1Y) -1.6% 7.2% -36.2%
Operating cash flow CAGR (3Y) -4.3% 0.7% -24.2%
Free cash flow growth (1Y) -3.3% – -67.8%
Free cash flow CAGR (3Y) -4.9% – -43.0%

Profitability

14 metrics
MetricFTVGTXIPGP
Gross margin 63.5% – 38.4%
EBITDA margin 29.9% – 7.0%
Operating margin 19.6% – 0.7%
Pretax margin 16.8% – 3.7%
Net margin 14.8% – 2.6%
FCF margin 24.7% – 1.9%
Operating cash flow margin 27.3% 12.6% 9.0%
Return on equity 10.8% – 1.3%
Return on assets 5.6% – 1.1%
Return on invested capital 8.1% – –
Return on capital employed 8.4% – 0.4%
Asset turnover 0.4x 1.5x 0.4x
Cash conversion (OCF / net income) 1.8x – 3.5x
Stock comp / revenue 2.0% – 3.9%

Financial Health

11 metrics
MetricFTVGTXIPGP
Debt / assets 30.6% – –
Debt / equity 0.6x – –
Net debt / EBITDA 2.4x – –
Debt / FCF 3.2x – –
Liabilities / assets 48.2% 124.4% 12.3%
Equity / assets 51.8% -24.4% 87.7%
Interest coverage 4.9x – –
Current ratio 1.2x 1.0x 6.2x
Quick ratio 0.9x – 4.4x
Cash ratio 0.3x – 3.6x
Altman Z-score 3.49 – 9.09

Shareholder Returns

7 metrics
MetricFTVGTXIPGP
Dividend yield 0.4% 1.4% –
Net buyback yield 6.5% – 4.1%
Shareholder yield 6.9% 1.4% 4.1%
Payout ratio (earnings) 11.7% – –
Payout ratio (FCF) 7.0% – –
Dividend growth (1Y) -24.4% – –
Dividend CAGR (3Y) -8.3% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFTVGTXIPGP
Forward P/E 20.6xFY2026 12.4xFY2026 72.1xFY2026
EPS, next fiscal year $3.20FY2026 $1.82FY2026 $1.05FY2026
EPS growth, next FY +18.1%FY2026 +11.0%FY2026 +43.8%FY2026
EPS growth, the year after -3.1% +13.2% +109.5%
Revenue, next fiscal year $4.63BFY2026 $3.58BFY2026 $1.18BFY2026
Revenue growth, next FY +11.4%FY2026 0.0%FY2026 +18.1%FY2026
Revenue growth, the year after -6.7% +16.2% +7.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFTVGTXIPGP
Held by institutions 100.0% 96.8% 71.5%
Institutions holding 804 459 357
Change in shares held, QoQ +2.8% +0.8% +4.7%
Institutions buying 351 239 214
Institutions selling 301 140 96
Buyers to sellers 1.17 1.71 2.23

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FTVGTXIPGP
FTV 1.00 0.07 0.02
GTX 0.07 1.00 0.35
IPGP 0.02 0.35 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FTV, GTX and IPGP?

Fortive (FTV) is the largest by market capitalisation: Fortive (FTV) $19.53B, Garrett Motion (GTX) $3.90B, Ipg Photonics (IPGP) $3.07B.

Which stock is cheaper, FTV, GTX and IPGP?

Garrett Motion (GTX) trades on the lowest price-to-earnings ratio (Fortive (FTV) 30.0x, Garrett Motion (GTX) 10.4x, Ipg Photonics (IPGP) 111.5x). On next year's consensus earnings, Garrett Motion (GTX) is cheapest (Fortive (FTV) 20.6x, Garrett Motion (GTX) 12.4x, Ipg Photonics (IPGP) 72.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Ipg Photonics (IPGP) grew revenue fastest over the trailing twelve months: Fortive (FTV) +7.0%, Garrett Motion (GTX) +6.9%, Ipg Photonics (IPGP) +13.0%.

Which company is more profitable?

Fortive (FTV) has the highest net margin (Fortive (FTV) 14.8%, Ipg Photonics (IPGP) 2.6%).

Which stock has performed better?

Over the past year Garrett Motion (GTX) returned the most: Fortive (FTV) +30.8%, Garrett Motion (GTX) +31.6%, Ipg Photonics (IPGP) -12.4%. Over five years, Garrett Motion (GTX) compounded fastest (Fortive (FTV) -2.8%/yr, Garrett Motion (GTX) +27.3%/yr, Ipg Photonics (IPGP) -13.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Fortive (FTV) 0.00%, Garrett Motion (GTX) 0.00%, Ipg Photonics (IPGP) 0.00%. Garrett Motion (GTX) and Ipg Photonics (IPGP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Fortive (FTV) has been the steadiest (Fortive (FTV) 27.0%, Garrett Motion (GTX) 44.2%, Ipg Photonics (IPGP) 72.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FTV, GTX and IPGP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Garrett Motion (GTX) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.