Fortive Corporation innovates essential technologies to keep our world safe and productive. Our strategic segments - Intelligent Operating Solutions and Advanced Healthcare Solutions - include iconic inventor brands with leading positions in their markets. Our businesses design, develop, manufacture, and market products, software, and services, building upon leading brand names, innovative technologies, and strong market positions. We are headquartered in Everett, Washington and have a workforce of more than 10,000 research and development, manufacturing, sales, distribution, service, and administrative professionals in approximately 50 countries around the world. On June 28, 2025, we separated our Precision Technologies segment business into an independent publicly-traded company (the “Separation”) named Ralliant Corporation (“Ralliant”). The Separation was effected to qualify as a tax-free spin-off for Fortive shareholders for U.S. federal income tax purposes.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.2B | 4.2B | 4.1B | 6.1B | 5.8B | 5.3B |
| Net Income | 579M | 579M | 833M | 866M | 755M | 574M |
| EPS | $1.73 | $1.73 | $2.36 | $1.83 | $1.58 | $1.23 |
| Free Cash Flow | 978M | 978M | 1.4B | 1.2B | 1.2B | 911M |
| ROIC | 6.3% | 5.7% | 4.1% | 9.7% | 6.8% | 5.3% |
| Gross Margin | 63.5% | 63.5% | 64.2% | 59.3% | 57.7% | 57.2% |
| Debt/Equity | 0.64 | 0.64 | 0.40 | 0.35 | 0.44 | 0.64 |
| Dividends/Share | $0.28 | $0.28 | $0.32 | $0.22 | $0.21 | $0.21 |
| Operating Income | 720M | 720M | 716M | 1.1B | 987M | 813M |
| Operating Margin | 17.3% | 17.3% | 17.6% | 18.7% | 16.9% | 15.5% |
| ROE | 9.0% | 7.0% | 8.2% | 8.4% | 7.8% | 6.0% |
| Shares Outstanding | 335M | 335M | 353M | 473M | 477M | 467M |
Fortive Corp passes 4 of 9 quality checks, suggesting mixed fundamentals.
Fortive Corp trades at 34.6x trailing earnings, compared to its 15-year median P/E of 26.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 18.8x vs a median of 18.5x. The company's 5-year average ROIC is 6.3% with a gross margin of 60.4%. Total shareholder yield (dividends + buybacks) is 8.5%. At current prices, the estimated annualized return to fair value is +3.6%.
Fortive Corp (FTV) has a current P/E ratio of 34.6, compared to its historical median P/E of 26.9. The stock is currently considered Fair based on its historical valuation range.
Fortive Corp (FTV) has a 5-year average return on invested capital (ROIC) of 6.3%. This is below average and may indicate limited pricing power.
Fortive Corp (FTV) has a market capitalization of $20.0B. It is classified as a large-cap stock.
Yes, Fortive Corp (FTV) pays a dividend with a trailing twelve-month yield of 0.46%. The company also returns capital through share buybacks, with a buyback yield of 8.04%.
Based on historical P/E analysis, Fortive Corp (FTV) appears fair. The current P/E of 34.6 is 28% above its historical median of 26.9. The estimated fair value CAGR (P/E method) is -10.2%.
Fortive Corp (FTV) operates in the Industrial Instruments For Measurement, Display, And Control industry, within the Technology sector.
Fortive Corp (FTV) reported annual revenue of $4.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Fortive Corp (FTV) has a net profit margin of 13.9%. This is a healthy margin.
Fortive Corp (FTV) generated $978 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Fortive Corp (FTV) has a debt-to-equity ratio of 0.64. This indicates moderate leverage.
Fortive Corp (FTV) reported earnings per share (EPS) of $1.73 in its most recent fiscal year.
Fortive Corp (FTV) has a return on equity (ROE) of 7.0%. This indicates moderate shareholder returns.
Fortive Corp (FTV) has a 5-year average gross margin of 60.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 12 years of financial data for Fortive Corp (FTV), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Fortive Corp (FTV) has a book value per share of $19.28, based on its most recent annual SEC filing.
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