Fortive Corp (FTV)

Fortive Corporation designs, develops, manufactures, and markets products, software, and services in the United States, China, and internationally. It operates through Intelligent Operating Solutions and Advanced Healthcare Solutions segments. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including maintenance, repair, measurement and condition monitoring, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries. This segment markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, and SERVICECHANNEL brand names. The Advanced Healthcare Solutions segment provides critical workflow solutions comprising instrument sterilization, instrument tracking, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software and solutions under the ASP, CENSIS, FLUKE BIOMEDICAL, LANDAUER, and PROVATION brand names. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

Symbol: FTV
Exchange: NYSE
Sector: Technology
Industry: Scientific & Technical Instruments
Market cap: $17.56B
52 week range: 47.71 - 64.56

Valuation

Share price: $57.47 (close of 2026-10-02)
P/E (TTM): 34.01x
Price to book: 2.88x
Price to free cash flow: 18.19x
Enterprise value: $20.70B
Book value per share: $19.93

Price performance

Period	Change
1 day	+2.92%
5 days	+2.46%
1 month	+1.54%
3 months	-8.27%
6 months	+2.48%
Year to date	+4.09%
1 year	+15.45%
3 years	+3.47%
5 years	+7.38%
10 years	+79.03%
All time	+87.50%

Members of Congress who disclosed FTV trades

Gilbert Ray Cisneros · Lisa McClain · Alan Armstrong · Emily Randall · Robert Bresnahan · Thomas Kean

Super investors holding FTV

Dodge & Cox (Dodge & Cox Funds) · Andreas Halvorsen (Viking Global Investors) · Ken Griffin (Citadel) · Robert Olstein (Olstein Capital Management) · Wallace Weitz (Weitz Investment Management)

Profitability and growth

Return on equity: 8.96%
Return on invested capital: 6.93%
Return on assets: 4.93%
Return on capital employed: 7.59%
Gross margin: 63.50%
Net margin: 13.93%
EBITDA margin: 27.84%
Revenue growth: 1.92%
Net income growth: -30.46%
Free cash flow growth: -32.11%

Cash flow and balance sheet

Free cash flow yield (TTM): 5.50%
Current ratio: 0.71x
Net debt to EBITDA: 2.62x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $4.16B
Cost of revenue: $1.52B
Gross profit: $2.64B
EBITDA: $1.16B
Net income: $579.20M
Earnings per share: $1.74
Research and development: $259.20M
Shares outstanding: 332.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$4.16B	$2.64B	$579.20M	$1.74
2024-12-31	$4.08B	$2.62B	$832.90M	$2.39
2023-12-31	$3.91B	$2.48B	$865.80M	$2.46
2022-12-31	$5.83B	$3.36B	$755.20M	$2.12
2021-12-31	$5.25B	$3.01B	$608.40M	$1.64
2020-12-31	$4.63B	$2.61B	$1.61B	$4.58
2019-12-31	$4.56B	$2.48B	$738.90M	$1.99
2018-12-31	$3.80B	$2.19B	$2.91B	$8.33
2017-12-31	$5.76B	$2.92B	$1.04B	$3.01
2016-12-31	$5.38B	$2.69B	$872.30M	$2.52

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	63.50%	13.93%	8.96%	6.93%
2024-12-31	64.18%	20.41%	8.17%	5.29%
2023-12-31	63.29%	22.12%	8.39%	4.49%
2022-12-31	57.73%	12.96%	7.79%	7.01%
2021-12-31	57.23%	11.58%	6.39%	5.84%
2020-12-31	56.29%	34.81%	17.98%	4.18%
2019-12-31	54.41%	16.19%	9.98%	2.96%
2018-12-31	57.53%	76.67%	44.06%	6.30%
2017-12-31	50.75%	18.15%	27.43%	13.82%
2016-12-31	49.93%	16.22%	32.42%	15.09%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$375.50M	$2.31B
2024-12-31	$813.30M	$3.33B
2023-12-31	$1.89B	$3.65B
2022-12-31	$709.20M	$2.25B
2021-12-31	$819.30M	$1.81B
2020-12-31	$1.82B	$2.83B
2019-12-31	$1.21B	$4.83B
2018-12-31	$1.18B	$2.97B
2017-12-31	$962.10M	$4.06B
2016-12-31	$803.20M	$3.36B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$978.10M	$116.80M
2024-12-31	$1.44B	$90.10M
2023-12-31	$1.27B	$94.50M
2022-12-31	$1.21B	$93.80M
2021-12-31	$911.10M	$77.40M
2020-12-31	$1.36B	$62.60M
2019-12-31	$1.20B	$52.50M
2018-12-31	$1.27B	$40.60M
2017-12-31	$1.07B	$44.20M
2016-12-31	$1.03B	$40.70M

Dividend history

Most recent payment: 2026-09-04
Paid in the last twelve months: $0.25

Payment date	Dividend per share
2026-09-04	$0.07
2026-06-22	$0.06
2026-03-13	$0.06
2025-11-28	$0.06
2025-09-12	$0.06
2025-05-30	$0.08
2025-02-28	$0.08
2024-11-29	$0.08

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-29	Jun/2026	$0.71
2026-04-30	Mar/2026	$0.64
2026-02-04	Dec/2025	$0.83
2025-10-29	Sep/2025	$0.58
2025-07-30	Jun/2025	$0.60
2025-05-01	Mar/2025	$0.85
2025-02-07	Dec/2024	$1.12
2024-10-30	Sep/2024	$0.93

Filings and sources

Company website: fortive.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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