Donaldson vs Fortive
Fortive reported revenue of $4.2 billion in fiscal 2025, about the same as Donaldson's $3.9 billion in fiscal 2026. Donaldson's revenue grew 5.3% in its latest year, and Fortive's grew 1.9%. Donaldson had an operating margin of 15.4%, against 17.3% at Fortive. Free cash flow was $426 million at Donaldson and $978 million at Fortive. Their fiscal years end in different months (July 31 and December 31), so the periods don't line up exactly.
Side by side
| Donaldson | Fortive | |
|---|---|---|
| Latest fiscal year | FY2026, Jul 31, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $3.9B | $4.2B |
| Revenue growth | 5.3% | 1.9% |
| Revenue growth a year, last 5 years | 6.4% | −2.1% |
| Gross margin | 34.6% | 63.5% |
| Operating margin | 15.4% | 17.3% |
| Net margin | 11.7% | 13.9% |
| Free cash flow | $426M | $978M |
| Free cash flow margin | 11.0% | 23.5% |
| Return on capital | 19.4% | 5.7% |
| Net debt to EBITDA | 1.5x | 2.4x |
| Dividends and buybacks | $252M | $1.7B |
| Change in diluted share count | −2.1% | −5.2% |
| Last close | $85.51 | $60.78 |
| P/E at the last close | 22.2× | 36.4× |
| Insider trades, last 12 months | sold $8.6 million | sold $6.9 million |
| Piotroski F-score | 7 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
DonaldsonFortive
Operating margin
Percent of revenue
DonaldsonFortive
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DonaldsonFortive
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Donaldson and Fortive pages.