FTV vs GTX vs IPGP Stock Comparison

Fortive, Garrett Motion and Ipg Photonics Prices as of Oct 26, 2026 Peers: Industry group
FTV Fortive Corp
$60.78 +8.3% 1M +22.9% 1Y
Market cap
$18.71B
P/E
35.0x
Revenue (TTM)
$4.32B
Div. yield
0.00%
Industrial Machinery Industrials
3 wins
GTX Garrett Motion Inc.
$21.69 -15.7% 1M +27.7% 1Y
Market cap
$4.12B
P/E
11.5x
Revenue (TTM)
$3.75B
Div. yield
–
Industrial Machinery Industrials
7 wins
IPGP Ipg Photonics Corp
$72.81 -6.8% 1M -15.9% 1Y
Market cap
$3.16B
P/E
114.7x
Revenue (TTM)
$1.07B
Div. yield
–
Industrial Machinery Industrials
1 win

Head to Head

11 decided of 12

Garrett Motion leads on 7 of the 12 questions below (Garrett Motion 7, Fortive 3, Ipg Photonics 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFTVGTXIPGPLeader
Larger companyMarket capitalisation $18.71B $4.12B $3.16B FTV
Cheaper on earningsLower P/E, profitable companies only 35.0x 11.5x 114.7x GTX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.0x 11.9x 69.3x GTX
Faster revenue growthRevenue growth, trailing twelve months +5.6% +8.5% +13.0% IPGP
More profitableNet margin, trailing twelve months 12.4% 9.5% 2.6% FTV
Better return on capitalReturn on invested capital 7.4% 64.2% — GTX
Less leveragedLower net debt / EBITDA 2.5x 1.9x — GTX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +22.9% +27.7% -15.9% GTX
Better 5-year returnAnnualised price return, 5 years -3.9%/yr +26.4%/yr -14.3%/yr GTX
Less volatileAnnualised volatility, 1 year 26.8% 44.4% 72.1% FTV
Higher overall scoreMean of the five percentile scores vs peers 48/100 66/100 59/100 GTX

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 45 #112 of 203 98 #5 of 203 40 #123 of 203
Growth 19 #151 of 187 48 #98 of 187 31 #129 of 187
Profitability 73 #50 of 185 77 #43 of 185 32 #127 of 185
Financial Health 39 #133 of 219 15 #186 of 219 96 #9 of 219
Shareholder Returns 61 #61 of 153 91 #14 of 153 94 #10 of 153
Overall 48 66 59
  • 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 +8.3%-15.7%-6.8% -0.8%
3 months -3.4%-29.6%-18.8% +3.5%
6 months -2.0%+3.8%-37.6% +7.0%
Year to date +10.1%+24.4%+1.7% +12.2%
1 year +22.9%+27.7%-15.9% +13.0%
3 years -6.5%+204.6%-17.4% +86.3%
3 years, per year -2.2%+45.0%-6.2% +23.1%
5 years -17.9%+222.8%-53.6% +68.6%
5 years, per year -3.9%+26.4%-14.3% +11.0%
10 years +27.2%—-14.2% +258.0%
10 years, per year +2.4%—-1.5% +13.6%

Risk

MeasureFTVGTXIPGPSPY
Volatility, 1Y 26.8%44.4%72.1% 12.7%
Downside volatility, 1Y 26.0%37.3%77.3% 12.7%
Beta vs S&P 500, 1Y 0.601.662.14 1.00
Return / volatility, 1Y 0.850.62-0.22 1.02
Max drawdown, 5Y -46.1%-40.5%-72.0% -25.4%
From 52-week high -5.3%-40.1%-52.7% -1.8%
52-week high $64.16$36.23$153.91 $779.14
52-week low $49.16$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 34.6xmedian 26.0x 11.4xmedian 26.0x 112.2xmedian 26.0x
P/S now vs peer median 4.3xmedian 1.9x 1.1xmedian 1.9x 2.9xmedian 1.9x
EV/EBITDA now vs peer median 17.4xmedian 14.0x 8.1xmedian 14.0x 29.6xmedian 14.0x
P/FCF now vs peer median 19.6xmedian 21.4x 11.1xmedian 21.4x 148.9xmedian 21.4x
P/B now vs peer median 3.0xmedian 2.2x -6.0xmedian 2.2x 1.5xmedian 2.2x
PEG now vs peer median -4.19median 1.26 0.09median 1.26 -3.30median 1.26

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 $4.32B $3.75B $1.07B
Gross profit $2.73B $779.00M $410.10M
Operating income $786.70M $536.00M $7.97M
Net income $534.40M $357.00M $27.56M
Free cash flow $937.60M $365.00M $20.80M
R&D $262.00M – $123.44M
EPS (diluted) $1.74 $1.87 $0.64
Cash & equivalents $374.20M $158.00M $399.23M
Total debt $3.51B $1.37B –
Shares (diluted) 307.60M 190.59M 42.91M
Enterprise value $17.17B $3.41B -$233.71M

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 34.6x 11.4x 112.2x
P/FCF 19.6x 11.1x 148.9x
P/Operating cash flow 17.5x 9.2x 32.1x
P/S 4.3x 1.1x 2.9x
P/B 3.0x -6.0x 1.5x
P/Tangible book 4.5x -6.0x 1.5x
EV/EBITDA 17.4x 8.1x 29.6x
EV/EBIT 27.4x 9.8x 279.3x
EV/Revenue 5.0x 1.4x 2.1x
EV/FCF 23.0x 14.4x 107.0x
EV/Operating cash flow 20.5x 11.9x 23.1x
PEG (3Y EPS CAGR) -4.19 0.09 -3.30

Growth

14 metrics
MetricFTVGTXIPGP
Revenue growth (1Y) 5.6% 8.5% 13.0%
Revenue CAGR (3Y) -10.3% -0.6% -7.9%
Gross profit growth (1Y) 4.2% 10.0% 25.1%
Gross profit CAGR (3Y) -7.9% 2.2% -6.8%
Operating income growth (1Y) 9.4% 12.8% 103.4%
Operating income CAGR (3Y) -9.9% 2.2% -62.6%
Net income growth (1Y) -30.5% 18.6% 112.8%
Net income CAGR (3Y) -12.6% -1.1% -36.2%
EPS growth (1Y) -22.8% 27.7% 112.7%
EPS CAGR (3Y) -8.3% 120.7% -34.0%
Operating cash flow growth (1Y) -30.6% 7.3% -36.2%
Operating cash flow CAGR (3Y) -6.6% -0.9% -24.2%
Free cash flow growth (1Y) -34.8% 10.9% -67.8%
Free cash flow CAGR (3Y) -7.5% -1.5% -43.0%

Profitability

14 metrics
MetricFTVGTXIPGP
Gross margin 63.2% 20.8% 38.4%
EBITDA margin 28.6% 17.2% 7.0%
Operating margin 18.2% 14.3% 0.7%
Pretax margin 15.6% 12.0% 3.7%
Net margin 12.4% 9.5% 2.6%
FCF margin 21.7% 9.7% 1.9%
Operating cash flow margin 24.4% 11.8% 9.0%
Return on equity 8.8% – 1.3%
Return on assets 4.6% 14.7% 1.1%
Return on invested capital 7.4% 64.2% –
Return on capital employed 7.6% 56.1% 0.4%
Asset turnover 0.4x 1.5x 0.4x
Cash conversion (OCF / net income) 2.0x 1.2x 3.5x
Stock comp / revenue 2.7% 0.7% 3.9%

Financial Health

11 metrics
MetricFTVGTXIPGP
Debt / assets 30.2% 55.3% –
Debt / equity 0.6x -2.0x –
Net debt / EBITDA 2.5x 1.9x –
Debt / FCF 3.7x 3.7x –
Liabilities / assets 47.7% 127.3% 12.3%
Equity / assets 52.3% -27.3% 87.7%
Interest coverage 12.8x 5.1x –
Current ratio 1.2x 1.0x 6.2x
Quick ratio 0.9x 0.7x 4.4x
Cash ratio 0.3x 0.1x 3.6x
Altman Z-score 3.30 2.32 8.84

Shareholder Returns

7 metrics
MetricFTVGTXIPGP
Dividend yield 0.4% 1.5% –
Net buyback yield 10.7% 6.7% 4.3%
Shareholder yield 11.1% 8.2% 4.3%
Payout ratio (earnings) 10.6% – –
Payout ratio (FCF) 6.0% – –
Dividend growth (1Y) -48.4% – –
Dividend CAGR (3Y) -17.0% – –

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 19.0xFY2026 11.9xFY2026 69.3xFY2026
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 803 458 356
Change in shares held, QoQ +2.8% +0.8% +4.7%
Institutions buying 350 239 214
Institutions selling 301 139 96
Buyers to sellers 1.16 1.72 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 0.06 0.01
GTX 0.06 1.00 0.35
IPGP 0.01 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) $18.71B, Garrett Motion (GTX) $4.12B, Ipg Photonics (IPGP) $3.16B.

Which stock is cheaper, FTV, GTX and IPGP?

Garrett Motion (GTX) trades on the lowest price-to-earnings ratio (Fortive (FTV) 35.0x, Garrett Motion (GTX) 11.5x, Ipg Photonics (IPGP) 114.7x). On next year's consensus earnings, Garrett Motion (GTX) is cheapest (Fortive (FTV) 19.0x, Garrett Motion (GTX) 11.9x, Ipg Photonics (IPGP) 69.3x). 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) +5.6%, Garrett Motion (GTX) +8.5%, Ipg Photonics (IPGP) +13.0%.

Which company is more profitable?

Fortive (FTV) has the highest net margin (Fortive (FTV) 12.4%, Garrett Motion (GTX) 9.5%, Ipg Photonics (IPGP) 2.6%). On return on invested capital, Garrett Motion (GTX) leads (Fortive (FTV) 7.4%, Garrett Motion (GTX) 64.2%).

Which stock has performed better?

Over the past year Garrett Motion (GTX) returned the most: Fortive (FTV) +22.9%, Garrett Motion (GTX) +27.7%, Ipg Photonics (IPGP) -15.9%. Over five years, Garrett Motion (GTX) compounded fastest (Fortive (FTV) -3.9%/yr, Garrett Motion (GTX) +26.4%/yr, Ipg Photonics (IPGP) -14.3%/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) 26.8%, Garrett Motion (GTX) 44.4%, Ipg Photonics (IPGP) 72.1%). 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 7. 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.