Coherent vs Fortive
COHR and FTV side by side, both in laboratory apparatus and analytical, optical, measuring, and controlling instruments. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How COHR and FTV compare
Coherent is the larger company, worth 2.1 times as much as Fortive ($41.2B against $19.9B).
On earnings, Fortive is cheaper: it trades at 39.0× trailing earnings, against 51.0× for Coherent.
Coherent grew revenue faster over the last twelve months (22.5% versus 5.6% for Fortive).
Fortive keeps more of each dollar of sales as profit, with a net margin of 12.4% compared with 11.3% at Coherent.
Fortive pays a dividend yielding 0.38%; Coherent does not pay one.
Fortive scores higher on the StockData Score (14 against 13 for Coherent), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | COHR | FTV |
|---|---|---|
| Size and price | ||
| Market cap | $41.2B | $19.9B |
| Share price | $210.32 | $65.84 |
| Change, 1 year | 52.3% | 33.9% |
| Change, 5 years | 227% | −16.4% |
| Beta (5Y) | 2.30 | 0.97 |
| Employees | 51K | 10K |
| StockData Score | ||
| Total score | 13 | 14 (better) |
| Valuation score | 1 | 3 (better) |
| Growth score | 4 (better) | 1 |
| Performance score | 4 (better) | 2 |
| Health score | 4 | 4 |
| Dividend score | 0 | 4 (better) |
| Valuation | ||
| P/E | 51.0× | 39.0× (better) |
| P/S | 5.8× | 4.6× (better) |
| P/B | 3.8× | 3.3× (better) |
| EV/EBITDA | – | 18.7× |
| P/FCF | – | 21.2× |
| FCF yield | −2.5% | 4.7% (better) |
| Fair value | $177.79 | $69.80 |
| Margin of safety | −18.3% | 5.7% (better) |
| Growth | ||
| Revenue growth (TTM) | 22.5% (better) | 5.6% |
| Revenue growth, 5Y average | 18.0% (better) | −2.1% |
| Net income growth (TTM) | 1531% (better) | −30.5% |
| EPS growth (TTM) | – | −23.9% |
| EPS growth, 5Y average | 11.7% (better) | −17.4% |
| Profitability | ||
| Gross margin | 37.5% | 63.2% (better) |
| Operating margin | – | 18.2% |
| Net margin | 11.3% | 12.4% (better) |
| FCF margin | −14.4% | 21.7% (better) |
| Return on equity | 9.7% (better) | 6.5% |
| Return on invested capital | – | 6.3% |
| Financial health | ||
| Debt / equity | 0.30 (better) | 0.58 |
| Net debt / EBITDA | – | 2.54 |
| Current ratio | 2.43 (better) | 1.24 |
| Altman Z-score | 4.26 (better) | 3.46 |
| Piotroski F-score | 7 (better) | 5 |
| Dividends and buybacks | ||
| Dividend yield | – | 0.38% |
| Payout ratio | – | 10.6% |
| Buyback yield | −4.9% | 9.9% (better) |
| Shareholder yield | −4.9% | 10.3% (better) |
| Ownership | ||
| Held by institutions | 86.8% | 109% |
| Held by insiders | 0.48% | 0.58% |
| Insider net buying, 12 months | −$1.1B | −$6.8M (better) |
| Superinvestors holding | 2 | 2 |
| Short interest, % of float | 5.7% | 5.7% |
Go deeper
- COHR stock overview
- COHR income statement
- COHR valuation and score
- FTV stock overview
- FTV income statement
- FTV valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.