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FTV vs. NXT: Fortive vs. Nextracker Stock Comparison

How do Fortive (FTV) and Nextracker (NXT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Fortive (FTV) and Nextracker (NXT) both fall under the Capital Goods industry group, but FTV is classified in Machinery while NXT is classified in Electrical Equipment.

Company profile comparison for Fortive (FTV) and Nextracker (NXT)
Profile ItemFTVNXT
NameFortive CorporationNextpower Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryMachineryElectrical Equipment
GICS Sub-IndustryIndustrial Machinery & Supplies & ComponentsElectrical Components & Equipment
Market Capitalization19.46 billion USD16.00 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateJuly 5, 2016February 9, 2023
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FTV
NXT
GSPC
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Fortive (FTV) vs. Nextracker (NXT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Fortive (FTV) and Nextracker (NXT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fortive (FTV) and Nextracker (NXT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Fortive (FTV) and Nextracker (NXT)
MetricFTVNXT
Total Return (1Y)31.85%0.06%
Total Return (3Y, Annualized)11.44%45.51%
Total Return (5Y, Annualized)3.01%--

Risk Profile

Drawdown History

FTV
NXT
GSPC
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Fortive (FTV) vs. Nextracker (NXT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Fortive (FTV) and Nextracker (NXT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fortive (FTV) and Nextracker (NXT)
MetricFTVNXT
Volatility (1Y, Annualized)27.76%68.10%
Beta (5Y)1.011.66
Max Drawdown (5Y)-32.10%-51.10%
Avg. Volume (3M)2.44M2.38M

Risk-Adjusted Performance

Risk-Return Positioning

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FTV and NXT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Fortive (FTV) and Nextracker (NXT)
MetricFTVNXT
Sharpe Ratio (1Y)0.99-0.06
Sortino Ratio (1Y)1.51-0.09

Profitability

ROE (TTM)

Nextracker (NXT) at 26.46% sits in the top ROE quartile, while Fortive (FTV) at 10.55% is closer to the peer norm — stronger capital efficiency for NXT.

FTV

Capital Goods industry group

10.55%

Max
40.55%
Q3
19.29%
Median
12.12%
FTV
10.55%
Q1
4.08%
Min
-17.12%

NXT

Capital Goods industry group

26.46%

Max
40.55%
NXT
26.46%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Fortive (FTV) vs. Nextracker (NXT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Fortive (FTV) at 14.83% and Nextracker (NXT) at 15.98% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

FTV

Capital Goods industry group

14.83%

Max
27.47%
FTV
14.83%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%

NXT

Capital Goods industry group

15.98%

Max
27.47%
NXT
15.98%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Fortive (FTV) vs. Nextracker (NXT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Fortive (FTV) at 21.30% and Nextracker (NXT) at 20.06% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

FTV

Capital Goods industry group

21.30%

Max
36.60%
FTV
21.30%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%

NXT

Capital Goods industry group

20.06%

Max
36.60%
NXT
20.06%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Fortive (FTV) vs. Nextracker (NXT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Fortive (FTV) and Nextracker (NXT)
MetricFTVNXT
ROE (TTM)10.55%26.46%
ROA (TTM)4.61%10.75%
Net Margin (TTM)14.83%15.98%
Operating Margin (TTM)21.30%20.06%
Gross Margin (TTM)63.47%21.84%

Growth

Revenue Growth

Nextracker (NXT) at 20.28% sits in the top revenue growth quartile, while Fortive (FTV) at 1.92% is closer to the peer norm — faster top-line expansion for NXT.

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Fortive (FTV) vs. Nextracker (NXT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Fortive (FTV) at -26.69% and Nextracker (NXT) at 10.66% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Fortive (FTV) vs. Nextracker (NXT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fortive (FTV) and Nextracker (NXT)
MetricFTVNXT
Revenue Growth (YoY)1.92%20.28%
Revenue Growth (3Y CAGR)-10.62%23.23%
EPS Growth (YoY)-26.69%10.66%
EPS Growth (3Y CAGR)-6.26%476.90%

Financial Strength

Current Ratio (MRQ)

Nextracker (NXT) at 2.23 keeps current ratio within its industry’s typical mid-range, while Fortive (FTV) at 1.23 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FTV.

FTV

Capital Goods industry group

1.23

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
FTV
1.23
Min
0.36

NXT

Capital Goods industry group

2.23

Max
5.22
Q3
2.95
NXT
2.23
Median
2.08
Q1
1.43
Min
0.36
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Fortive (FTV) vs. Nextracker (NXT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Nextracker (NXT) at 0.02 keeps leverage in the lower industry quartile, while Fortive (FTV) at 0.60 runs a more typical debt-to-equity mix.

FTV

Capital Goods industry group

0.60

Max
2.33
Q3
1.12
FTV
0.60
Median
0.60
Q1
0.29
Min
0.00

NXT

Capital Goods industry group

0.02

Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
NXT
0.02
Min
0.00
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Fortive (FTV) vs. Nextracker (NXT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Fortive (FTV) and Nextracker (NXT)
MetricFTVNXT
Current Ratio (MRQ)1.232.23
Debt / Equity (MRQ)0.600.02
Net Debt / EBITDA2.45-1.30

Dividends

Dividend Yield (TTM)

Nextracker (NXT) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Fortive (FTV) reports a yield of 0.38%, ranking against industry peers normally.

FTV

Capital Goods industry group

0.38%

Max
2.66%
Q3
1.14%
FTV
0.38%
Median
0.24%
Q1
0.00%
Min
0.00%

NXT

Capital Goods industry group

0.00%

Max
2.66%
Q3
1.14%
Median
0.24%
NXT
0.00%
Q1
0.00%
Min
0.00%
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Fortive (FTV) vs. Nextracker (NXT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Nextracker (NXT) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Fortive (FTV) reports a payout of 11.85%, ranking against industry peers normally.

FTV

Capital Goods industry group

11.85%

Max
67.39%
Q3
28.02%
FTV
11.85%
Median
6.86%
Q1
0.00%
Min
0.00%

NXT

Capital Goods industry group

0.00%

Max
67.39%
Q3
28.02%
Median
6.86%
NXT
0.00%
Q1
0.00%
Min
0.00%
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Fortive (FTV) vs. Nextracker (NXT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Fortive (FTV) and Nextracker (NXT)
MetricFTVNXT
Dividend Yield (TTM)0.38%0.00%
Dividend Payout Ratio (TTM)11.85%0.00%

Valuation

P/E Ratio (TTM)

Both Fortive (FTV) at 30.98 and Nextracker (NXT) at 26.42 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

FTV

Capital Goods industry group

30.98

Max
59.38
Q3
35.92
FTV
30.98
Median
25.41
Q1
19.47
Min
3.03

NXT

Capital Goods industry group

26.42

Max
59.38
Q3
35.92
NXT
26.42
Median
25.41
Q1
19.47
Min
3.03
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Fortive (FTV) vs. Nextracker (NXT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Both Fortive (FTV) at 4.43 and Nextracker (NXT) at 4.17 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

FTV

Capital Goods industry group

4.43

Max
7.54
FTV
4.43
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03

NXT

Capital Goods industry group

4.17

Max
7.54
NXT
4.17
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Fortive (FTV) vs. Nextracker (NXT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Fortive (FTV) at 3.28 is valued about in line with its industry on P/B ratio, while Nextracker (NXT) at 5.98 carries an above-peer premium to book — NXT is pricier on assets.

FTV

Capital Goods industry group

3.28

Max
9.66
Q3
5.00
FTV
3.28
Median
3.12
Q1
1.81
Min
-1.08

NXT

Capital Goods industry group

5.98

Max
9.66
NXT
5.98
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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Fortive (FTV) vs. Nextracker (NXT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Fortive (FTV) and Nextracker (NXT)
MetricFTVNXT
P/E Ratio (TTM)30.9826.42
P/S Ratio (TTM)4.434.17
P/B Ratio (MRQ)3.285.98
Free Cash Flow Yield (TTM)5.05%2.32%