Industrial - Pollution & Treatment Controls
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VLTO vs DHR vs FTV
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Diagnostics & Research
Hardware, Equipment & Parts
VLTO vs DHR vs FTV — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | Industrial - Pollution & Treatment Controls | Medical - Diagnostics & Research | Hardware, Equipment & Parts |
| Market Cap | $22.11B | $124.33B | $18.75B |
| Revenue (TTM) | $5.59B | $24.78B | $4.74B |
| Net Income (TTM) | $969M | $3.69B | $544M |
| Gross Margin | 59.9% | 60.7% | 61.8% |
| Operating Margin | 23.1% | 21.0% | 17.7% |
| Forward P/E | 20.9x | 20.8x | 20.6x |
| Total Debt | $2.67B | $18.42B | $3.21B |
| Cash & Equiv. | $2.03B | $4.62B | $376M |
VLTO vs DHR vs FTV — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Sep 23 | May 26 | Return |
|---|---|---|---|
| Veralto Corporation (VLTO) | 100 | 104.9 | +4.9% |
| Danaher Corporation (DHR) | 100 | 79.9 | -20.1% |
| Fortive Corporation (FTV) | 100 | 109.0 | +9.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: VLTO vs DHR vs FTV
Each card shows where this stock fits in a portfolio — not just who wins on paper.
VLTO carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 0.66, yield 0.5%
- Rev growth 6.0%, EPS growth 12.6%, 3Y rev CAGR 4.2%
- Lower volatility, beta 0.66, Low D/E 86.1%, current ratio 1.67x
DHR is the clearest fit if your priority is dividends.
- 0.7% yield, 1-year raise streak, vs VLTO's 0.5%
FTV is the clearest fit if your priority is long-term compounding.
- 105.2% 10Y total return vs DHR's 219.3%
- Lower P/E (20.6x vs 20.8x)
- +19.3% vs DHR's -8.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 6.0% revenue growth vs FTV's -17.5% | |
| Value | Lower P/E (20.6x vs 20.8x) | |
| Quality / Margins | 17.3% margin vs FTV's 11.5% | |
| Stability / Safety | Beta 0.66 vs DHR's 0.94 | |
| Dividends | 0.7% yield, 1-year raise streak, vs VLTO's 0.5% | |
| Momentum (1Y) | +19.3% vs DHR's -8.3% | |
| Efficiency (ROA) | 12.9% ROA vs FTV's 4.1%, ROIC 25.7% vs 6.0% |
VLTO vs DHR vs FTV — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
VLTO vs DHR vs FTV — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
VLTO leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DHR is the larger business by revenue, generating $24.8B annually — 5.2x FTV's $4.7B. VLTO is the more profitable business, keeping 17.3% of every revenue dollar as net income compared to FTV's 11.5%. On growth, VLTO holds the edge at +6.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $5.6B | $24.8B | $4.7B |
| EBITDAEarnings before interest/tax | $1.4B | $7.2B | $1.1B |
| Net IncomeAfter-tax profit | $969M | $3.7B | $544M |
| Free Cash FlowCash after capex | $1.0B | $5.3B | $971M |
| Gross MarginGross profit ÷ Revenue | +59.9% | +60.7% | +61.8% |
| Operating MarginEBIT ÷ Revenue | +23.1% | +21.0% | +17.7% |
| Net MarginNet income ÷ Revenue | +17.3% | +14.9% | +11.5% |
| FCF MarginFCF ÷ Revenue | +18.6% | +21.4% | +20.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +6.8% | +3.7% | -27.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +13.3% | +9.8% | -12.0% |
Valuation Metrics
FTV leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 23.6x trailing earnings, VLTO trades at a 33% valuation discount to FTV's 35.0x P/E. On an enterprise value basis, VLTO's 16.8x EV/EBITDA is more attractive than DHR's 18.2x.
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $22.1B | $124.3B | $18.7B |
| Enterprise ValueMkt cap + debt − cash | $22.8B | $138.1B | $21.6B |
| Trailing P/EPrice ÷ TTM EPS | 23.60x | 34.85x | 35.00x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.94x | 20.82x | 20.56x |
| PEG RatioP/E ÷ EPS growth rate | — | 34.35x | — |
| EV / EBITDAEnterprise value multiple | 16.79x | 18.21x | 17.47x |
| Price / SalesMarket cap ÷ Revenue | 4.02x | 5.06x | 3.65x |
| Price / BookPrice ÷ Book value/share | 7.15x | 2.38x | 3.01x |
| Price / FCFMarket cap ÷ FCF | 21.81x | 23.64x | 19.17x |
Profitability & Efficiency
VLTO leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
VLTO delivers a 33.4% return on equity — every $100 of shareholder capital generates $33 in annual profit, vs $7 for DHR. DHR carries lower financial leverage with a 0.35x debt-to-equity ratio, signaling a more conservative balance sheet compared to VLTO's 0.86x. On the Piotroski fundamental quality scale (0–9), DHR scores 7/9 vs VLTO's 5/9, reflecting strong financial health.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | +33.4% | +7.1% | +7.4% |
| ROA (TTM)Return on assets | +12.9% | +4.5% | +4.1% |
| ROICReturn on invested capital | +25.7% | +5.9% | +6.0% |
| ROCEReturn on capital employed | +23.7% | +7.0% | +7.5% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.86x | 0.35x | 0.50x |
| Net DebtTotal debt minus cash | $642M | $13.8B | $2.8B |
| Cash & Equiv.Liquid assets | $2.0B | $4.6B | $376M |
| Total DebtShort + long-term debt | $2.7B | $18.4B | $3.2B |
| Interest CoverageEBIT ÷ Interest expense | 13.96x | 18.13x | 6.67x |
Total Returns (Dividends Reinvested)
FTV leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FTV five years ago would be worth $11,303 today (with dividends reinvested), compared to $7,893 for DHR. Over the past 12 months, FTV leads with a +19.3% total return vs DHR's -8.3%. The 3-year compound annual growth rate (CAGR) favors FTV at 8.1% vs DHR's -5.5% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | -9.8% | -23.6% | +10.1% |
| 1-Year ReturnPast 12 months | -7.1% | -8.3% | +19.3% |
| 3-Year ReturnCumulative with dividends | +11.4% | -15.5% | +26.2% |
| 5-Year ReturnCumulative with dividends | +11.4% | -21.1% | +13.0% |
| 10-Year ReturnCumulative with dividends | +11.4% | +219.3% | +105.2% |
| CAGR (3Y)Annualised 3-year return | +3.7% | -5.5% | +8.1% |
Risk & Volatility
Evenly matched — VLTO and FTV each lead in 1 of 2 comparable metrics.
Risk & Volatility
VLTO is the less volatile stock with a 0.66 beta — it tends to amplify market swings less than DHR's 0.94 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FTV currently trades 97.0% from its 52-week high vs DHR's 72.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.66x | 0.94x | 0.83x |
| 52-Week HighHighest price in past year | $110.11 | $242.80 | $62.81 |
| 52-Week LowLowest price in past year | $84.99 | $172.06 | $46.34 |
| % of 52W HighCurrent price vs 52-week peak | +80.6% | +72.3% | +97.0% |
| RSI (14)Momentum oscillator 0–100 | 41.8 | 33.0 | 55.3 |
| Avg Volume (50D)Average daily shares traded | 1.7M | 4.2M | 3.0M |
Analyst Outlook
Evenly matched — VLTO and DHR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: VLTO as "Hold", DHR as "Buy", FTV as "Hold". Consensus price targets imply 40.6% upside for DHR (target: $247) vs -0.4% for FTV (target: $61). For income investors, DHR offers the higher dividend yield at 0.70% vs FTV's 0.47%.
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Hold |
| Price TargetConsensus 12-month target | $106.14 | $247.00 | $60.67 |
| # AnalystsCovering analysts | 12 | 42 | 30 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | +0.7% | +0.5% |
| Dividend StreakConsecutive years of raises | 2 | 1 | 0 |
| Dividend / ShareAnnual DPS | $0.44 | $1.23 | $0.29 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.5% | +8.6% |
VLTO leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FTV leads in 2 (Valuation Metrics, Total Returns). 2 tied.
VLTO vs DHR vs FTV: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is VLTO or DHR or FTV a better buy right now?
For growth investors, Veralto Corporation (VLTO) is the stronger pick with 6.
0% revenue growth year-over-year, versus -17. 5% for Fortive Corporation (FTV). Veralto Corporation (VLTO) offers the better valuation at 23. 6x trailing P/E (20. 9x forward), making it the more compelling value choice. Analysts rate Danaher Corporation (DHR) a "Buy" — based on 42 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — VLTO or DHR or FTV?
On trailing P/E, Veralto Corporation (VLTO) is the cheapest at 23.
6x versus Fortive Corporation at 35. 0x. On forward P/E, Fortive Corporation is actually cheaper at 20. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — VLTO or DHR or FTV?
Over the past 5 years, Fortive Corporation (FTV) delivered a total return of +13.
0%, compared to -21. 1% for Danaher Corporation (DHR). Over 10 years, the gap is even starker: DHR returned +219. 3% versus VLTO's +11. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — VLTO or DHR or FTV?
By beta (market sensitivity over 5 years), Veralto Corporation (VLTO) is the lower-risk stock at 0.
66β versus Danaher Corporation's 0. 94β — meaning DHR is approximately 43% more volatile than VLTO relative to the S&P 500. On balance sheet safety, Danaher Corporation (DHR) carries a lower debt/equity ratio of 35% versus 86% for Veralto Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — VLTO or DHR or FTV?
By revenue growth (latest reported year), Veralto Corporation (VLTO) is pulling ahead at 6.
0% versus -17. 5% for Fortive Corporation (FTV). On earnings-per-share growth, the picture is similar: Veralto Corporation grew EPS 12. 6% year-over-year, compared to -26. 3% for Fortive Corporation. Over a 3-year CAGR, VLTO leads at 4. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — VLTO or DHR or FTV?
Veralto Corporation (VLTO) is the more profitable company, earning 17.
1% net margin versus 11. 3% for Fortive Corporation — meaning it keeps 17. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VLTO leads at 23. 2% versus 17. 7% for FTV. At the gross margin level — before operating expenses — FTV leads at 61. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is VLTO or DHR or FTV more undervalued right now?
On forward earnings alone, Fortive Corporation (FTV) trades at 20.
6x forward P/E versus 20. 9x for Veralto Corporation — 0. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DHR: 40. 6% to $247. 00.
08Which pays a better dividend — VLTO or DHR or FTV?
All stocks in this comparison pay dividends.
Danaher Corporation (DHR) offers the highest yield at 0. 7%, versus 0. 5% for Fortive Corporation (FTV).
09Is VLTO or DHR or FTV better for a retirement portfolio?
For long-horizon retirement investors, Danaher Corporation (DHR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
94), 0. 7% yield, +219. 3% 10Y return). Both have compounded well over 10 years (DHR: +219. 3%, FTV: +105. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between VLTO and DHR and FTV?
These companies operate in different sectors (VLTO (Industrials) and DHR (Healthcare) and FTV (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
DHR pays a dividend while VLTO, FTV do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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