FTV
Fortive Corporation
FTV's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over FTV overall, supported by stronger valuation and stronger modeled upside.
FTV Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| Strong | |
| Stable |
FTV's profitability and cash flow are currently strong, and its balance sheet is stable, but its revenue is under pressure.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
FTV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $38.69 | -43% |
| Forward | 21x | $67.85 | — |
| Fair | 32x | $66.41 | -2.1% |
| Current | 32x | $67.85 | — |
| Expensive | 36x | $76.57 | +13% |
Historical ranges are pointers, not guarantees.
FTV's PE is in its fair range at 32x. If earnings grow as analysts expect, today's price would be 21x next year's earnings, in its cheap range.
MU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.6x | $798 | — |
| Cheap | 10x | $777 | -2.7% |
| Current | 11x | $798 | — |
| Fair | 22x | $1,646 | +106% |
| Expensive | 32x | $2,404 | +201% |
Historical ranges are pointers, not guarantees.
MU has the edge over FTV in the historical PE scenario, which offers more potential upside but is not a forecast.
FTV Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FTV, with profitability improving.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for MU, with profitability improving.
FTV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.27 | +56% |
| Q3 2026 | $2.10 | +20% |
| Q2 2026 | $1.69 | -24% |
| Q1 2026 | $1.67 | -27% |
| Q4 2025 | $1.73 | -27% |
| Q3 2025 | $1.75 | -30% |
| Q2 2025 | $2.22 | -10% |
| Q1 2025 | $2.28 | -9.5% |
| Q4 2024 | $2.36 | -2.9% |
FTV's earnings per share have fallen from their peak: $2.10 over the past year, against $4.73 in mid-2021.
MU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $174.95 | +135% |
| Q3 2026 | $74.33 | +879% |
| Q2 2026 | $44.17 | +693% |
| Q1 2026 | $21.18 | +405% |
| Q4 2025 | $10.52 | +201% |
| Q3 2025 | $7.59 | +984% |
| Q2 2025 | $5.57 | +$6.99 |
| Q1 2025 | $4.19 | +$7.64 |
| Q4 2024 | $3.49 | +$9.77 |
MU has the edge over FTV on earnings, with more consistent year-over-year improvement.
FTV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +7.8% |
| Q2 2026 | $1.1B | -28% |
| Q1 2026 | $1.1B | -27% |
| Q4 2025 | $1.1B | -31% |
| Q3 2025 | $1B | -33% |
| Q2 2025 | $1.5B | -2.2% |
| Q1 2025 | $1.5B | -3.3% |
| Q4 2024 | $1.6B | +2.3% |
FTV's revenue is recovering but still below its 2019 peak: $1.1B last quarter, up 7.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +5.8 points |
| Q2 2026 | 19% | +4.5 points |
| Q1 2026 | 18% | +2.1 points |
| Q4 2025 | 20% | +1.1 points |
| Q3 2025 | 16% | -3.7 points |
| Q2 2025 | 15% | -4.8 points |
| Q1 2025 | 16% | -4 points |
| Q4 2024 | 19% | -0.7 points |
FTV's operating margin was 21% last quarter, up 5.8 points from the same quarter a year ago, near the top of its range since 2019.
MU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $54.2B | +379% |
| Q2 2026 | $41.5B | +346% |
| Q1 2026 | $23.9B | +196% |
| Q4 2025 | $13.6B | +57% |
| Q3 2025 | $11.3B | +46% |
| Q2 2025 | $9.3B | +37% |
| Q1 2025 | $8.1B | +38% |
| Q4 2024 | $8.7B | +84% |
MU has the edge over FTV on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 81% | +48 points |
| Q2 2026 | 80% | +57 points |
| Q1 2026 | 68% | +46 points |
| Q4 2025 | 45% | +20 points |
| Q3 2025 | 32% | +13 points |
| Q2 2025 | 23% | +13 points |
| Q1 2025 | 22% | +19 points |
| Q4 2024 | 25% | +49 points |
MU has the edge over FTV on profitability, with a higher operating margin.
FTV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $283.7M | +109% |
| Q2 2026 | $258.1M | -6% |
| Q1 2026 | $208.2M | -3.2% |
| Q4 2025 | $335.5M | -28% |
| Q3 2025 | $135.8M | -69% |
| Q2 2025 | $274.5M | -1.9% |
| Q1 2025 | $215M | -6.6% |
| Q4 2024 | $465.2M | +13% |
FTV's free cash flow has been positive every quarter for seven years: $1.1B over the past year, about the same as the year before.
MU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $32.9B | +45543% |
| Q2 2026 | $17.6B | +951% |
| Q1 2026 | $5.5B | +$5.6B |
| Q4 2025 | $3B | +7853% |
| Q3 2025 | $72M | -75% |
| Q2 2025 | $1.7B | +322% |
| Q1 2025 | -$113M | +$52M |
| Q4 2024 | $38M | +$433M |
MU has the edge over FTV on cash flow, with more consistent year-over-year improvement.
FTV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.7M shares |
| 1 year | -8.8% | -29.5M shares |
| 3 years | -15% | -52.2M shares |
| 5 years | -16% | -58.3M shares |
| Available history | -11% | -36.1M shares |
FTV has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $300.1M |
| Q2 2026 | $200.1M |
| Q1 2026 | $500.2M |
| Q4 2025 | $265M |
| Q3 2025 | $1B |
| Q2 2025 | $141.9M |
| Q1 2025 | $202.6M |
| Q4 2024 | $466.6M |
FTV spent $1.3B buying back its own shares over the past year, down 30% from the year before.
MU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -2M shares |
| 1 year | +1.6% | +18M shares |
| 3 years | +4.6% | +50M shares |
| 5 years | +0.2% | +2M shares |
| Available history | +1.2% | +14M shares |
MU has 1.1B diluted shares, up 1.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $350M |
| Q4 2025 | $300M |
| Q3 2024 | $300M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
MU has spent almost nothing on buybacks in the past year.
FTV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.2x | Moderate |
| Q4 2024 | 2.2x | Moderate |
FTV's net debt is about 2.4 years of its operating earnings (EBITDA), up from 2.2 years a year ago.
MU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
MU has the edge over FTV on leverage, with a lower net debt burden relative to earnings.
FTV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.7 | Neutral |
| Stochastic | 84.9 | Overbought |
FTV's weekly RSI is 70 (neutral) and its Stochastic is 85 (overbought).
MU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 26.9 | Neutral |
MU's weekly RSI is 47 (neutral) and its Stochastic is 27 (neutral).
FTV PE vs Technology Sector
| Metric | FTV | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 28x | 16% above |
| PE % | 54 | 35 | 19 pts above |
FTV is trading at 32x earnings, a 16% premium to the Technology sector's median of 28x.
MU PE vs Technology Sector
| Metric | MU | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 28x | 61% below |
| PE % | 18 | 35 | 17 pts below |
MU has the edge over FTV on valuation relative to its sector.
FTV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $60.9 | 11% above |
| 20 week MA | $60.3 | 13% above |
| 50 week MA | $58.6 | 16% above |
| 100 week MA | $55.7 | 22% above |
| 200 week MA | $55.6 | 22% above |
FTV has the edge over MU on trend strength, trading above more of its moving averages.
MU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $914.5 | 13% below |
| 20 week MA | $931.0 | 14% below |
| 50 week MA | $685.9 | 16% above |
| 100 week MA | $405.4 | 97% above |
| 200 week MA | $246.0 | 225% above |
MU has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 225% above its 200-week average.
FTV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $48.3 | $52.5 | +8.7% |
| 2021 | $52.5 | $56.1 | +7% |
| 2022 | $56.1 | $48.3 | -14% |
| 2023 | $48.3 | $55.5 | +15% |
| 2024 | $55.5 | $57.0 | +2.7% |
| 2025 | $57.0 | $55.7 | -2.3% |
| 2026 YTD | $55.7 | $67.9 | +22% |
FTV has finished higher in four of the last six years. It's up 22% so far in 2026.
MU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.0 | $70.6 | +31% |
| 2021 | $70.6 | $94.4 | +34% |
| 2022 | $94.4 | $50.2 | -47% |
| 2023 | $50.2 | $85.3 | +70% |
| 2024 | $85.3 | $88.6 | +3.9% |
| 2025 | $88.6 | $284.8 | +221% |
| 2026 YTD | $284.8 | $798.4 | +180% |
MU has the edge over FTV on returns for 2026, with the stronger performance.