Fortive Corporation logo

Fortive Corporation

FTV

NYSETechnologyHardware, Equipment & Parts

Previous close

$60.08

+$0.68 · +1.14%

Aug 21, 4:00 PM ET

FTV company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

64

Undervalued

Momentum

45

Neutral

Sentiment

67

Bullish

Risk resilience

79

Moderate Risk

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Company profile

Company website

Fortive Corporation is a global industrial technology company that specializes in the conception, development, manufacturing, marketing, and servicing of sophisticated professional and engineered products, as well as software platforms and associated services. Its Intelligent Operating Solutions division aims to boost efficiency and safety in operations. This segment delivers a variety of offerings, including advanced tools for ensuring equipment reliability, comprehensive enterprise software for managing environmental, health, safety, and quality (EHSQ) compliance, and specialized software for the entire lifecycle of facilities and assets. It also provides solutions for pre-construction planning and procurement, robust professional testing instruments, precise calibration tools for electrical, pressure, and temperature measurements, and portable devices for gas detection. These products and services cater to diverse industries such as manufacturing, process industries, healthcare, utilities and power generation, communications, and electronics. Key brands within this segment include ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL. The company's Precision Technologies segment focuses on delivering critical measurement and control solutions. Its portfolio encompasses electrical testing and measurement instruments and related services, high-performance energetic material devices, and advanced sensor and control system solutions. These technologies are crucial for demanding sectors like power and energy management, medical equipment manufacturing, food and beverage production, aerospace and defense, off-highway vehicles, electronics, semiconductor fabrication, and various other industrial applications. This segment markets its offerings under brands such as ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX. Fortive's Advanced Healthcare Solutions division provides a comprehensive suite of hardware, software, and services specifically designed for the healthcare sector. This includes solutions for reprocessing and tracking medical instruments and devices, specialized biomedical testing tools, systems for radiation safety monitoring, and asset management services. Additionally, it offers subscription-based surgical inventory management platforms that optimize inventory and ensure regulatory adherence, alongside expert technical, analytical, and compliance services focused on determining radiation exposure. Brands in this segment include ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, RAYSAFE, and STERRAD. Established in 2015, Fortive Corporation maintains its corporate headquarters in Everett, Washington.

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
US
CEO
Olumide O. Soroye
Listed since
Jul 5, 2016
Employees
10,000

Market position

Day range

Current $60.08

52-week range

Current $60.08

Open
$59.745
Previous close
$59.40
Volume
1.44M
0.48× average
Average volume
2.96M
Average daily volume
Market cap
18.15B USD
Beta
0.98
Market reference 1
50-day average
$61.0714
-1.62% below average
200-day average
$57.6874
+4.15% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
20.3B USD
P/E (TTM)
34.93×
P/B (TTM)
3.02×
P/S (TTM)
4.2×
EV / EBITDA
16.91×
Earnings yield
3.32%
Free cash flow yield
5.60%
Dividend yield
0.40%

Profitability & efficiency

Gross margin
63.23%
Operating margin
18.23%
Net margin
12.38%
Return on equity
8.98%
Return on assets
4.93%
Return on invested capital
7.44%

Financial health

Debt / equity
0.58×
Current ratio
0.71×
Altman Z-score
3.27
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends66%46%26%6%Gross margin, FY2021: 57.28%Gross margin, FY2022: 57.73%Gross margin, FY2023: 59.26%Gross margin, FY2024: 59.87%Gross margin, FY2025: 60.96%Operating margin, FY2021: 15.82%Operating margin, FY2022: 17.26%Operating margin, FY2023: 18.69%Operating margin, FY2024: 18.88%Operating margin, FY2025: 17.67%Net margin, FY2021: 11.58%Net margin, FY2022: 12.96%Net margin, FY2023: 14.27%Net margin, FY2024: 13.37%Net margin, FY2025: 11.26%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 57.28%. Gross margin FY2022 57.73%. Gross margin FY2023 59.26%. Gross margin FY2024 59.87%. Gross margin FY2025 60.96%. Operating margin FY2021 15.82%. Operating margin FY2022 17.26%. Operating margin FY2023 18.69%. Operating margin FY2024 18.88%. Operating margin FY2025 17.67%. Net margin FY2021 11.58%. Net margin FY2022 12.96%. Net margin FY2023 14.27%. Net margin FY2024 13.37%. Net margin FY2025 11.26%.

Income trends

Revenue

5.14B USD-17.48%

Operating income

908.9M USD-22.76%

Net income

579.2M USD-30.46%
Income trends across reported periods6.8B USD4.54B USD2.27B USD13.94M USDRevenue, FY2021: 5.25B USDRevenue, FY2022: 5.83B USDRevenue, FY2023: 6.07B USDRevenue, FY2024: 6.23B USDRevenue, FY2025: 5.14B USDOperating income, FY2021: 831.5M USDOperating income, FY2022: 1.01B USDOperating income, FY2023: 1.13B USDOperating income, FY2024: 1.18B USDOperating income, FY2025: 908.9M USDNet income, FY2021: 608.4M USDNet income, FY2022: 755.2M USDNet income, FY2023: 865.8M USDNet income, FY2024: 832.9M USDNet income, FY2025: 579.2M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.25B USD. Revenue FY2022 5.83B USD. Revenue FY2023 6.07B USD. Revenue FY2024 6.23B USD. Revenue FY2025 5.14B USD. Operating income FY2021 831.5M USD. Operating income FY2022 1.01B USD. Operating income FY2023 1.13B USD. Operating income FY2024 1.18B USD. Operating income FY2025 908.9M USD. Net income FY2021 608.4M USD. Net income FY2022 755.2M USD. Net income FY2023 865.8M USD. Net income FY2024 832.9M USD. Net income FY2025 579.2M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue5.14B USD6.23B USD6.07B USD5.83B USD5.25B USD
Cost of goods sold2.01B USD2.5B USD2.47B USD2.46B USD2.24B USD
Gross profit3.13B USD3.73B USD3.59B USD3.36B USD3.01B USD
Research and development342.3M USD414M USD397.8M USD401.5M USD354.8M USD
Selling, general, and administrative1.88B USD2.14B USD2.06B USD1.96B USD1.82B USD
Operating expenses2.23B USD2.55B USD2.46B USD2.36B USD2.18B USD
Interest expense120.5M USD152.8M USD123.5M USD98.3M USD103.2M USD
Depreciation and amortization326M USD543.9M USD456.8M USD465.6M USD395.5M USD
Operating income908.9M USD1.18B USD1.13B USD1.01B USD831.5M USD
Net income579.2M USD832.9M USD865.8M USD755.2M USD608.4M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+8.32%
11 comparable reports
Latest EPS result
0.74
Estimate 0.71 · Beat by 4.67%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.220.990.750.52Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 1.17, estimate 1.12, surprise +4.46%, Beat. Q2 2025, reported May 1, 2025: actual 0.85, estimate 0.641, surprise +32.61%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.58, estimate 0.585, surprise -0.85%, Miss. Q4 2025, reported Oct 29, 2025: actual 0.68, estimate 0.569, surprise +19.51%, Beat. Q1 2026, reported Feb 4, 2026: actual 0.9, estimate 0.838, surprise +7.40%, Beat. Q2 2026, reported Apr 30, 2026: actual 0.7, estimate 0.643, surprise +8.86%, Beat. Q3 2026, reported Jul 29, 2026: actual 0.74, estimate 0.707, surprise +4.67%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 0.7, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.69B1.44B1.19B942.52MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 1.62B USD, estimate 1.63B USD, surprise -0.54%, Miss. Q2 2025, reported May 1, 2025: actual 1.47B USD, estimate 1.49B USD, surprise -1.24%, Miss. Q3 2025, reported Jul 30, 2025: actual 1.52B USD, estimate 1.01B USD, surprise +49.87%, Beat. Q4 2025, reported Oct 29, 2025: actual 1.03B USD, estimate 1.01B USD, surprise +1.93%, Beat. Q1 2026, reported Feb 4, 2026: actual 1.12B USD, estimate 1.09B USD, surprise +2.63%, Beat. Q2 2026, reported Apr 30, 2026: actual 1.07B USD, estimate 1.04B USD, surprise +2.97%, Beat. Q3 2026, reported Jul 29, 2026: actual 1.1B USD, estimate 1.07B USD, surprise +2.57%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 1.07B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$64.67

7.64% upside
Past 12 months12-month forecastHigh $68.00Average $64.67Low $59.00

Rating distribution

30 ratings
Strong buy00%
Buy1137%
Hold1757%
Sell27%
Strong sell00%

Recent analyst actions

12 institutions

FTV news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.2405

2025 complete year+14.0% since 2021

2026 partial: $0.12

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 4, 2026

$0.07

Quarterly

Record Sep 4, 2026 · Payment Sep 25, 2026

Dividend

Ex-dividend Jun 22, 2026

$0.06

Quarterly

Record Jun 22, 2026 · Payment Jul 6, 2026

Dividend

Ex-dividend Mar 13, 2026

$0.06

Quarterly

Record Mar 13, 2026 · Payment Mar 27, 2026

Dividend

Ex-dividend Nov 28, 2025

$0.06

Quarterly

Record Nov 28, 2025 · Payment Dec 26, 2025

Dividend

Ex-dividend Sep 12, 2025

$0.06

Irregular

Record Sep 12, 2025 · Payment Sep 26, 2025

Dividend

Ex-dividend May 30, 2025

$0.08

Quarterly

Record May 30, 2025 · Payment Jun 27, 2025

FTV peers

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