Tearsheet

Fortive (FTV)

Market Price (12/23/2025): $55.67 | Market Cap: $18.4 Bil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Fortive (FTV)

Market Price (12/23/2025): $55.67
Market Cap: $18.4 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28%	Weak multi-year price returns 2Y Excs Rtn is -44%, 3Y Excs Rtn is -62%	Key risks FTV key risks include [1] intense competition across its diversified portfolio and [2] navigating extensive regulations, Show more.
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%
2	Attractive yield FCF Yield is 5.9%
3	Low stock price volatility Vol 12M is 26%
4	Megatrend and thematic drivers Megatrends include Automation & Robotics, Autonomous Technologies, and Cloud Computing. Themes include Factory Automation, Show more.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%
2	Attractive yield FCF Yield is 5.9%
3	Low stock price volatility Vol 12M is 26%
4	Megatrend and thematic drivers Megatrends include Automation & Robotics, Autonomous Technologies, and Cloud Computing. Themes include Factory Automation, Show more.
5	Weak multi-year price returns 2Y Excs Rtn is -44%, 3Y Excs Rtn is -62%
6	Key risks FTV key risks include [1] intense competition across its diversified portfolio and [2] navigating extensive regulations, Show more.

Valuation, Metrics & Events

	12/23/25	2024	2023	2022	2021
Share Price CYE	$55.67	$57.20	$55.92	$48.59	$57.44
Market Cap CYE ($ Bil)	18.4	19.7	19.6	17.2	20.6
Total Debt ($ Bil)	3.3	3.9	3.8	3.4	4.1
Total Cash ($ Bil)	0.4	0.8	1.9	0.7	0.8
Enterprise Value ($ Bil)	21.3	23.6	23.4	20.6	24.7
Valuation Ratios
P/S TTM	2.5	4.2	4.3	3.9	5.1
P/EBIT TTM	14.9	23.3	23.3	23.6	34.1
P/E TTM	30.6	31.4	30.0	30.3	43.8
P/FCF TTM	16.9	18.6	20.8	19.0	29.2
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4	1.1	1.6
P/EBIT TTM (Sector)	12.7	11.8	11.2	9.1	12.2
P/E TTM (Sector)	17.1	16.5	15.4	12.1	16.0
P/FCF TTM (Sector)	13.3	13.3	12.1	8.5	13.8

	12/23/25	2024	2023
Share Price CYE	$55.67	$57.20	$55.92
Market Cap CYE ($ Bil)	18.4	19.7	19.6
Total Debt ($ Bil)	3.3	3.9	3.8
Total Cash ($ Bil)	0.4	0.8	1.9
Enterprise Value ($ Bil)	21.3	23.6	23.4
Valuation Ratios
P/S TTM	2.5	4.2	4.3
P/EBIT TTM	14.9	23.3	23.3
P/E TTM	30.6	31.4	30.0
P/FCF TTM	16.9	18.6	20.8
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4
P/EBIT TTM (Sector)	12.7	11.8	11.2
P/E TTM (Sector)	17.1	16.5	15.4
P/FCF TTM (Sector)	13.3	13.3	12.1

	FTV	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	7.2
Rev Chg Q	2.3%	7.3%
Rev Chg LTM	27.9%	6.0%
Rev Chg 3Y Avg	9.4%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	1.3
CFO LTM ($ Bil)	1.2
Net Inc LTM ($ Bil)	0.6
Op Mgn LTM	17.3%	18.8%
CFO/Rev LTM	16.8%	20.4%
Net Inc Mgn	8.3%	13.1%
VALUATION	MODERATE
P/S	2.5	3.2
P/CFO	15.1	15.5
P/FCF	16.9	20.7
P/E	30.6	23.5
STABILITY	GOOD
Debt/Equity	0.18	0.21
Cash/Assets	0.04	0.07

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Metric	Value	Date	Source
Recurring Revenue Percentage	approximately 50%	6102025	Link
Free Cash Flow Conversion on Adjusted Net Income (Trailing Twelve Months)	107%	7302025	Link

Upcoming
2/06/2026	Earnings Release	Rev: - EPS: -

FTV Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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For the public company Fortive (FTV), the stock's approximate movement of 16.6% during the period from August 31, 2025, to December 23, 2025, can be attributed to several key factors.

1. Strong Third Quarter 2025 Financial Performance: Fortive reported robust financial results for the third quarter of 2025, surpassing analyst expectations for both adjusted earnings per share (EPS) and revenue. Adjusted diluted net EPS reached $0.68, marking a 15.3% year-over-year increase and exceeding the analyst estimate of $0.57. Revenue for the quarter was $1.03 billion, up 2.3% year-over-year, slightly above consensus estimates. This strong performance led to a positive pre-market market reaction, with shares indicating a gain of approximately 6.8%.

2. Raised Full-Year 2025 Guidance: Following the impressive third-quarter results, Fortive raised its full-year 2025 adjusted EPS guidance. The company now anticipates adjusted diluted net earnings per share in the range of $2.63 to $2.67, an increase from its previous forecast of $2.50 to $2.60. This upward revision signaled management's confidence in the company's operational momentum and financial outlook for the remainder of the year.

Show more For the public company Fortive (FTV), the stock's approximate movement of 16.6% during the period from August 31, 2025, to December 23, 2025, can be attributed to several key factors.

1. Strong Third Quarter 2025 Financial Performance: Fortive reported robust financial results for the third quarter of 2025, surpassing analyst expectations for both adjusted earnings per share (EPS) and revenue. Adjusted diluted net EPS reached $0.68, marking a 15.3% year-over-year increase and exceeding the analyst estimate of $0.57. Revenue for the quarter was $1.03 billion, up 2.3% year-over-year, slightly above consensus estimates. This strong performance led to a positive pre-market market reaction, with shares indicating a gain of approximately 6.8%.

2. Raised Full-Year 2025 Guidance: Following the impressive third-quarter results, Fortive raised its full-year 2025 adjusted EPS guidance. The company now anticipates adjusted diluted net earnings per share in the range of $2.63 to $2.67, an increase from its previous forecast of $2.50 to $2.60. This upward revision signaled management's confidence in the company's operational momentum and financial outlook for the remainder of the year.

3. Significant Share Repurchase Program: Fortive demonstrated a strong commitment to returning capital to shareholders by deploying $1.0 billion towards share repurchases during the third quarter of 2025. This buyback program trimmed the company's diluted share count by approximately 6%, enhancing shareholder value by reducing the number of outstanding shares.

4. Operational Clarity Post-Ralliant Spin-off: The second and third quarters of 2025 marked Fortive's operation as a "simpler, more focused company" following the completion of the Ralliant spin-off earlier in 2025. While the spin-off itself occurred before this specific period, the continued execution of the "Fortive Accelerated strategy" and a clear value creation plan for the newly focused entity contributed to investor confidence during the period.

5. Positive Analyst Sentiment and Price Targets: Throughout the period, various analyst firms maintained "Hold" or "Buy" ratings for Fortive stock, with several issuing price targets that suggested upside potential. For example, Citigroup maintained a "Hold" rating on December 8, 2025, with a price target of $59.00, implying a 6.17% upside, and Baird maintained a "Buy" rating on November 4, 2025, with a price target of $58.00, suggesting a 5.63% upside. The consensus rating for Fortive stock was generally "Hold" with an average price target forecasting a modest increase, contributing to overall positive market sentiment. Show less

Stock Movement Drivers

Fundamental Drivers

The 15.4% change in FTV stock from 9/22/2025 to 12/22/2025 was primarily driven by a 43.5% change in the company's P/E Multiple.

	9222025	12222025	Change
Stock Price ($)	48.27	55.68	15.36%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	7220.40	7243.80	0.32%
Net Income Margin (%)	10.65%	8.31%	-21.92%
P/E Multiple	21.32	30.58	43.46%
Shares Outstanding (Mil)	339.60	330.80	2.59%
Cumulative Contribution			15.28%

LTM = Last Twelve Months as of date shown

Market Drivers

9/22/2025 to 12/22/2025

	Return	Correlation
FTV	15.4%
Market (SPY)	2.7%	31.8%
Sector (XLI)	2.6%	54.1%

Fundamental Drivers

The 3.6% change in FTV stock from 6/23/2025 to 12/22/2025 was primarily driven by a 33.0% change in the company's P/E Multiple.

	6232025	12222025	Change
Stock Price ($)	53.74	55.68	3.60%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	7254.00	7243.80	-0.14%
Net Income Margin (%)	10.99%	8.31%	-24.36%
P/E Multiple	22.99	30.58	33.02%
Shares Outstanding (Mil)	341.10	330.80	3.02%
Cumulative Contribution			3.51%

LTM = Last Twelve Months as of date shown

Market Drivers

6/23/2025 to 12/22/2025

	Return	Correlation
FTV	3.6%
Market (SPY)	14.4%	32.7%
Sector (XLI)	9.6%	50.8%

Fundamental Drivers

The -1.9% change in FTV stock from 12/22/2024 to 12/22/2025 was primarily driven by a -47.0% change in the company's Net Income Margin (%).

	12222024	12222025	Change
Stock Price ($)	56.78	55.68	-1.94%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5664.30	7243.80	27.89%
Net Income Margin (%)	15.70%	8.31%	-47.04%
P/E Multiple	22.30	30.58	37.16%
Shares Outstanding (Mil)	349.20	330.80	5.27%
Cumulative Contribution			-2.21%

LTM = Last Twelve Months as of date shown

Market Drivers

12/22/2024 to 12/22/2025

	Return	Correlation
FTV	-1.9%
Market (SPY)	16.9%	70.1%
Sector (XLI)	19.2%	75.0%

Fundamental Drivers

The 14.8% change in FTV stock from 12/23/2022 to 12/22/2025 was primarily driven by a 27.7% change in the company's Total Revenues ($ Mil).

	12232022	12222025	Change
Stock Price ($)	48.52	55.68	14.77%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5670.60	7243.80	27.74%
Net Income Margin (%)	12.22%	8.31%	-31.96%
P/E Multiple	24.87	30.58	22.98%
Shares Outstanding (Mil)	355.20	330.80	6.87%
Cumulative Contribution			14.22%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2023 to 12/22/2025

	Return	Correlation
FTV	0.6%
Market (SPY)	47.7%	65.8%
Sector (XLI)	42.3%	73.5%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
FTV Return	11%	8%	-15%	15%	2%	-4%	14%
Peers Return	20%	18%	-10%	20%	9%	15%	92%
S&P 500 Return	16%	27%	-19%	24%	23%	17%	113%
Monthly Win Rates [3]
FTV Win Rate	58%	58%	33%	67%	50%	50%
Peers Win Rate	60%	62%	42%	57%	55%	57%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
FTV Max Drawdown	-45%	-7%	-30%	-2%	-9%	-19%
Peers Max Drawdown	-34%	-12%	-32%	-6%	-8%	-13%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ROP, AME, XYL, DOV, ESE. See FTV Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/22/2025 (YTD)

How Low Can It Go

Unique Key	Event	FTV	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-32.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	47.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	419 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-47.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	89.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	198 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-27.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	38.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	673 days	120 days

Compare to ROP, AME, XYL, DOV, ESE

In The Past

Fortive's stock fell -32.3% during the 2022 Inflation Shock from a high on 11/19/2021. A -32.3% loss requires a 47.7% gain to breakeven.

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About Fortive (FTV)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others. It markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The company's Precision Technologies segment provides electrical test and measurement instruments and services; energetic material devices; and sensor and control system solutions for power and energy, medical equipment, food and beverage, aerospace and defense, off-highway vehicles, electronics, semiconductors, and other general industrial markets. This segment markets its products under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands. Its Advanced Healthcare Solutions segment offers hardware and software products and services, including instrument and device reprocessing, instrument tracking, biomedical test tools, radiation safety monitoring, and asset management services; subscription-based surgical inventory management systems to facilitate inventory management and regulatory compliance, as well as technical, analytical, and compliance services to determine radiation exposure services under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, RAYSAFE, and STERRAD brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

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Think of it as a more focused Honeywell, specializing in essential industrial and healthcare technologies like sensing, measurement, and automation.

It's essentially Danaher's industrial technology sibling, sharing a similar operating philosophy but with a pure-play focus on industrial and health-related solutions.

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Test and Measurement Equipment: Provides precision electrical, electronic, and industrial test tools, including oscilloscopes, multimeters, and thermal imagers for engineers and technicians.
Industrial Safety Products: Offers advanced gas detection instruments and connected safety solutions designed to protect workers in hazardous environments.
Healthcare Sterilization Solutions: Delivers products and services for sterilizing medical devices and maintaining sterile environments in healthcare facilities to prevent infections.
Sensing and Flow Technologies: Supplies a wide array of sensors, flow meters, and control systems used in industrial automation, process control, and various embedded applications.
Product Realization Services: Provides comprehensive engineering and manufacturing services for the development and production of complex medical devices, life science instruments, and industrial products.

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Fortive (FTV) sells primarily to other companies (B2B). Due to its highly diversified customer base, no single customer accounts for more than 10% of its consolidated net sales, as disclosed in its public filings. Therefore, rather than identifying specific major customer companies by name, Fortive's major customers can be described by the following categories of businesses and organizations it serves:

Manufacturing & Industrial Companies: Fortive provides essential technologies, including precision test and measurement equipment, intelligent operating solutions, sensors, and automation tools, to a wide array of manufacturing and industrial enterprises. These customers operate in sectors such as discrete manufacturing, process industries (e.g., food & beverage, pharmaceuticals), automotive, and electronics, using Fortive's solutions for production, quality control, and operational efficiency.
Utilities & Critical Infrastructure Operators: The company serves electric power utilities, telecommunications providers, and other critical infrastructure operators with solutions for monitoring, control, and asset management. These technologies help ensure the reliability, safety, and efficiency of essential services and infrastructure.
Research, Development & Engineering Organizations: Fortive's advanced instrumentation and testing equipment are vital for research and development departments, engineering firms, and academic institutions across various sectors, including aerospace & defense, electronics design, and general engineering. These customers rely on Fortive's tools for product innovation, testing, and scientific investigation.

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James Lico

President and Chief Executive Officer

James Lico became President and Chief Executive Officer of Fortive in 2016 when it spun off from Danaher Corporation. Prior to Fortive, he served in various leadership roles at Danaher, including Executive Vice President with responsibility for Dental, Product Identification, and Water Quality platforms. He also served as President of Videojet, a Danaher company. He currently serves on the Board of Directors of 3M Company.

James L. Kelly

Senior Vice President and Chief Financial Officer

James L. Kelly has served as Senior Vice President and Chief Financial Officer of Fortive since January 2020. Before joining Fortive, Mr. Kelly served as Executive Vice President and Chief Financial Officer of GrafTech International Ltd. from 2015 to 2019. Prior to that, he held various leadership positions at Ferro Corporation, including Vice President, Corporate Development and Treasurer, and Interim Chief Financial Officer. He began his career at PricewaterhouseCoopers LLP.

Peter D. Underwood

Senior Vice President, General Counsel and Secretary

Peter D. Underwood has been Senior Vice President, General Counsel and Secretary of Fortive since February 2018. Before joining Fortive, he served as Vice President, General Counsel and Secretary of Convergys Corporation from 2013 to 2018. Prior to that, he was Vice President and Associate General Counsel at NCR Corporation.

Stacey Walker

Senior Vice President and Chief Human Resources Officer

Stacey Walker has served as Senior Vice President and Chief Human Resources Officer of Fortive since February 2020. Prior to Fortive, Ms. Walker held several human resources leadership roles at Danaher Corporation, including Vice President, Human Resources for the Diagnostics platform. She also worked in human resources at PepsiCo.

Mark D. Morelli

Senior Vice President and President, Advanced Sterilization Products

Mark D. Morelli has served as Senior Vice President and President, Advanced Sterilization Products at Fortive since October 2022. Prior to joining Fortive, Mr. Morelli served as President and Chief Executive Officer of Vontier Corporation from 2020 to 2022. He also previously served as President and Chief Executive Officer of CEC Entertainment, Inc., and before that, President and Chief Executive Officer of Electrolux Professional.

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The key risks to Fortive's business include its sensitivity to global economic conditions, intense competition, and regulatory and compliance risks.

Global Economic Conditions and Geopolitical Risks: Fortive's operations and financial results are highly susceptible to fluctuations in the global economy, including economic uncertainty, trade tensions, tariffs, and currency exchange rate volatility. Adverse economic conditions in key international markets, where Fortive has a significant presence, can impact the demand for its products and services, affect operational costs, and ultimately influence profitability.
Intense Competition: Fortive operates in highly competitive markets across its diversified portfolio. To maintain and grow its market share, the company must continuously invest in innovation, product development, and marketing. Failure to compete effectively on price and technology could negatively impact its business performance.
Regulatory and Compliance Risks: Fortive's businesses are subject to extensive regulations, particularly within the healthcare sector. Non-compliance with these evolving industry standards, governmental regulations, and healthcare-specific mandates could lead to significant fines, reputational damage, and disruptions to its operations and profitability.

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Digital Transformation in Industrial Automation and Test & Measurement: The accelerating shift towards AI-driven, software-centric platforms, Industrial Internet of Things (IIoT), and digital twins poses a clear emerging threat. As industries adopt more integrated, data-driven solutions for predictive maintenance, process optimization, and smart manufacturing, there is an increasing emphasis on software ecosystems and analytics over standalone, proprietary hardware. While Fortive is investing in its digital capabilities, competitors, including large tech companies and agile software startups, are developing comprehensive platforms that could potentially commoditize Fortive's specialized hardware (sensors, controls, test equipment) within its IntelliSense Automation and Precision Technologies segments, or offer superior integrated solutions that reduce the reliance on Fortive's traditional offerings.
Accelerated Electric Vehicle (EV) Transition Impacting Gilbarco Veeder-Root: The rapid global adoption of electric vehicles represents a significant emerging threat to Fortive's legacy Gilbarco Veeder-Root business (part of its Precision Technologies segment), which has historically focused on infrastructure for fossil fuel dispensing. While Fortive is actively expanding its EV charging solutions, the accelerating decline in demand for traditional petrol station equipment creates a secular headwind for a core part of this business. The EV charging market is highly competitive and fragmented, with new entrants, automotive OEMs, and energy companies vying for market share, meaning GVR's established position in the legacy market does not guarantee leadership or substantial market share in the rapidly evolving EV charging ecosystem.

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Here are 3-5 expected drivers of future revenue growth for Fortive (FTV) over the next 2-3 years:

Innovation Acceleration and New Product Introductions: Fortive is prioritizing and accelerating the introduction of new products, particularly within its Fluke and ServiceChannel units. This renewed focus on customer-centric innovation includes recent launches such as the ServiceChannel SaaS R2 product, which features AI-powered work order insights, and the Fluke GFL 1500 Solar Ground Fault Locator, targeting high-growth areas like solar operations.
Commercial Acceleration in High-Growth Verticals and Geographies: The company is intensifying its commercial efforts by reorienting strategies towards high-growth opportunities. This includes focused initiatives in expanding sectors such as solar operations and data centers, along with increased commercial presence and efforts in key growth geographies like South Asia.
Expansion of Recurring Revenue Streams and Enhanced Software Offerings: A significant driver is the continued growth in Fortive's recurring revenue, which already constitutes approximately 50% of its revenue base. This growth is being bolstered by enhanced software offerings and service plans, particularly within Fluke and healthcare software, aiming to provide more predictable revenue streams.
Strategic Bolt-on Mergers and Acquisitions (M&A): Fortive's capital allocation strategy includes pursuing accretive, smaller bolt-on M&A opportunities. The company has revamped its M&A funnel and process to focus on these types of acquisitions, which are expected to enhance its organic results.

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Share Repurchases

In 2021, Fortive repurchased $449 million of its common stock.
Fortive repurchased $250 million of common stock in 2022.
A new $1.0 billion share repurchase authorization was announced in September 2023.

Outbound Investments

Fortive spent $284 million on acquisitions in 2021.
The company's strategy includes a focus on high-quality, bolt-on acquisitions.

Capital Expenditures

Capital expenditures totaled $77 million in 2021, $94 million in 2022, and $99 million in 2023.
Expected capital expenditures for 2024 are projected to be between $100 million and $110 million.
These expenditures primarily relate to investments in facilities, equipment, and information technology infrastructure.

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BE (44.5%)

Bloom Energy

AXON (32.0%)

Axon Enterprise

VRT (28.8%)

Vertiv

Higher Rev Chg 3Y Avg (Value for FTV: 9.4%)

UBER (19.6%)

Uber Technologies

GE (15.7%)

GE Aerospace

BA (10.1%)

Boeing

ETN (9.7%)

Eaton

RTX (9.4%)

RTX

Higher Op Mgn LTM (Value for FTV: 17.3%)

UNP (40.6%)

Union Pacific

GE (20.5%)

GE Aerospace

ETN (19.0%)

Eaton

DE (18.8%)

Deere

CAT (17.7%)

Caterpillar

Higher CFO/Rev LTM (Value for FTV: 16.8%)

UNP (39.6%)

Union Pacific

HON (18.4%)

Honeywell International

UBER (18.1%)

Uber Technologies

CAT (17.8%)

Caterpillar

GE (17.2%)

GE Aerospace

Higher FCF/Rev LTM (Value for FTV: 15.0%)

UNP (24.5%)

Union Pacific

ADP (20.1%)

Automatic Data Processing

UBER (17.5%)

Uber Technologies

PH (16.9%)

Parker Hannifin

HON (15.2%)

Honeywell International

Higher Total Yield (Value for FTV: 3.8%)

UBER (9.8%)

Uber Technologies

UNP (7.4%)

Union Pacific

DE (5.3%)

Deere

CAT (4.4%)

Caterpillar

RTX (4.0%)

RTX

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for FTV: 9.4% | 2.5x)

UNH (11.4% | 0.7x)

UnitedHealth

PGR (20.6% | 1.6x)

Progressive

CB (12.2% | 2.1x)

Chubb

MCK (12.6% | 0.3x)

McKesson

CI (13.6% | 0.3x)

Cigna

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for FTV: 9.4% | 14.7x)

UNH (11.4% | 11.2x)

UnitedHealth

NEM (23.9% | 12.3x)

Newmont

APO (89.3% | 10.9x)

Apollo Asset Management

OKE (16.4% | 7.8x)

ONEOK

AU (30.1% | 13.4x)

Anglogold Ashanti

Higher Rev Chg LTM (Value for FTV: 27.9%)

NVDA (65.2%)

NVIDIA

PLTR (47.2%)

Palantir Technologies

MU (45.4%)

Micron Technology

LLY (36.8%)

Eli Lilly

AMD (31.8%)

Advanced Micro Devices

Higher Rev Chg 3Y Avg (Value for FTV: 9.4%)

NVDA (91.6%)

NVIDIA

META (17.3%)

Meta Platforms

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

Higher Op Mgn LTM (Value for FTV: 17.3%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

Higher CFO/Rev LTM (Value for FTV: 16.8%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

AMZN (18.1%)

Amazon.com

Higher FCF/Rev LTM (Value for FTV: 15.0%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for FTV: 3.8%)

XOM (9.3%)

Exxon Mobil

JNJ (7.5%)

Johnson & Johnson

JPM (6.5%)

JPMorgan Chase

BRK-B (6.3%)

Berkshire Hathaway

META (3.8%)

Meta Platforms

		Best Bets In Industrials Sector
	FTV	GATX	VRSK	PAYX	ADT	AGX	PCTY	TDG	FTV	VRRM	CSW
What You Pay
P/E	30.6	20.0	33.4	25.9	10.4	39.0	38.0	36.5	30.6	70.3	36.5
P/EBIT	14.9	9.6	22.8	17.8	5.2	39.0	27.3	18.0	14.9	20.8	28.1
What You Get
Rev Chg Q	2.3%	8.4%	5.9%	18.3%	4.4%	-2.3%	12.5%	11.5%	2.3%	16.1%	21.5%
Rev Chg LTM	27.9%	10.7%	7.3%	12.4%	6.3%	13.5%	13.3%	11.2%	27.9%	8.5%	14.9%
Rev Chg 3Y Avg	9.4%	10.3%	13.4%	7.9%	3.4%	26.9%	21.4%	17.7%	9.4%	9.1%	11.3%
FCF/Rev 3Y Avg	20.1%	39.2%	33.2%	32.6%	24.7%	24.5%	21.5%	21.0%	20.1%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Fortive Earnings Notes
2	Would You Still Hold Fortive Stock If It Fell 30%?	Return
3	Fortive vs T-Mobile US: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Fortive vs United Rentals: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Fortive vs Mueller Industries: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	How Does Fortive Stock Stack Up Against Its Peers?	Peer Comparison
7	Better Bet Than FTV Stock: Pay Less Than Fortive To Get More From UNH, DIS
8	Better Bet Than FTV Stock: Pay Less Than Fortive To Get More From UAL, LDOS
9	Better Bet Than FTV Stock: Pay Less Than Fortive To Get More From FLS, GTLS
10	FTV Dip Buy Analysis
11	ARTICLES
12	Stocks Trading At 52-Week Low		August 1st, 2025
13	OTIS Drops 11% in a Week, But Does FTV Offer Better Fundamentals?		July 29th, 2025
14	FTV Dropped 28% In A Month. Bigger Declines Have Followed Similar Moves.		July 22nd, 2025
15	S&P 500 Stocks Trading At 52-Week Low		July 17th, 2025
16	Stocks Trading At 52-Week Low		July 17th, 2025

	Title
0	DASHBOARDS
1	Fortive Earnings Notes
2	Would You Still Hold Fortive Stock If It Fell 30%?
3	Fortive vs T-Mobile US: Which Is A Better Investment?
4	Fortive vs United Rentals: Which Is A Better Investment?
5	Fortive vs Mueller Industries: Which Is A Better Investment?
6	How Does Fortive Stock Stack Up Against Its Peers?
7	Better Bet Than FTV Stock: Pay Less Than Fortive To Get More From UNH, DIS
8	Better Bet Than FTV Stock: Pay Less Than Fortive To Get More From UAL, LDOS
9	Better Bet Than FTV Stock: Pay Less Than Fortive To Get More From FLS, GTLS
10	FTV Dip Buy Analysis
11	ARTICLES
12	Stocks Trading At 52-Week Low
13	OTIS Drops 11% in a Week, But Does FTV Offer Better Fundamentals?
14	FTV Dropped 28% In A Month. Bigger Declines Have Followed Similar Moves.
15	S&P 500 Stocks Trading At 52-Week Low
16	Stocks Trading At 52-Week Low

Trade Ideas

Select ideas related to FTV. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	18.9%	18.9%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.5%	5.5%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	6.5%	6.5%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	3.3%	3.3%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	6.0%	6.0%	-0.4%
FTV_6302025_Dip_Buyer_ValueBuy	06302025	FTV	Fortive	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	7.1%	7.1%	-10.7%
FTV_6302022_Dip_Buyer_FCFYield	06302022	FTV	Fortive	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	19.3%	38.1%	-1.3%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ADEA	Adeia	1.8	30.5%	21.0%
AAOI	Applied Optoelectronics	2.5	24.8%	6.1%
QBTS	D-Wave Quantum	11.0	20.0%	283.2%
ZBIO	Zenas BioPharma	1.8	17.1%	416.8%
UNF	UniFirst	3.6	16.1%	16.4%
FLY	Firefly Aerospace	4.0	16.0%
UAMY	United States Antimony	0.7	16.0%	215.8%
RZLT	Rezolute	0.2	15.8%	-58.2%
RCAT	Red Cat	0.8	14.5%	-28.2%
KURA	Kura Oncology	1.0	14.5%	29.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TPL	Texas Pacific Land	7.0	-66.3%	-72.5%
EWTX	Edgewise Therapeutics	2.2	-18.0%	-21.6%
DJT	Trump Media & Technology	4.0	-10.4%	-57.7%
AVO	Mission Produce	0.8	-9.7%	-17.0%
GTN-A	Gray Media	1.0	-8.0%	43.1%
ANGX	Angel Studios	0.8	-8.0%
DDS	Dillard's	9.6	-7.7%	48.3%
NKTR	Nektar Therapeutics	0.6	-7.2%	211.7%
MPLT	MapLight Therapeutics	0.8	-6.7%
TLRY	Tilray Brands	11.0	-6.6%	-21.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LUNR	Intuitive Machines	2.0	50.1%	-8.1%
FBYD	Falcons Beyond Global	0.7	46.4%	129.2%
TE	T1 Energy	1.1	44.3%
HUT	Hut 8	5.3	42.2%	145.9%
FLY	Firefly Aerospace	4.0	40.5%
RKLB	Rocket Lab	39.9	40.0%	204.5%
DJT	Trump Media & Technology	4.0	37.8%	-57.7%
QBTS	D-Wave Quantum	11.0	35.6%	283.2%
EEX	Emerald	0.9	34.2%	-0.1%
AAOI	Applied Optoelectronics	2.5	30.8%	6.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.5	-79.5%	-26.1%
TPL	Texas Pacific Land	7.0	-63.9%	-72.5%
LW	Lamb Weston	6.0	-28.0%	-34.3%
OLMA	Olema Pharmaceuticals	2.4	-21.4%	383.4%
FDMT	4D Molecular Therapeutics	0.5	-20.5%	56.4%
NKTR	Nektar Therapeutics	0.6	-18.4%	211.7%
INSP	Inspire Medical Systems	2.9	-17.9%	-47.2%
PLAY	Dave & Buster's Entertainment	0.6	-17.9%	-45.0%
NKE	Nike	84.5	-15.6%	-22.6%
HPP	Hudson Pacific Properties	4.6	-14.9%	-51.6%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TE	T1 Energy	1.1	168.4%
WVE	WAVE Life Sciences	2.9	166.0%	45.3%
LUNR	Intuitive Machines	2.0	107.3%	-8.1%
AAOI	Applied Optoelectronics	2.5	100.6%	6.1%
RKLB	Rocket Lab	39.9	96.4%	204.5%
VERA	Vera Therapeutics	3.4	93.0%	27.2%
ANF	Abercrombie & Fitch	5.9	83.9%	-16.6%
PL	Planet Labs PBC	6.3	83.4%	409.9%
ARWR	Arrowhead Pharmaceuticals	9.6	81.1%	267.0%
FTRE	Fortrea	1.6	76.2%	-5.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.2	-78.8%	-58.2%
TPL	Texas Pacific Land	7.0	-65.7%	-72.5%
JANX	Janux Therapeutics	0.9	-50.7%	-73.7%
FRMI	Fermi	6.2	-42.4%
LENZ	LENZ Therapeutics	0.5	-36.4%	-39.0%
GOGO	Gogo	0.6	-30.3%	-41.9%
UP	Wheels Up Experience	0.4	-27.4%	-62.1%
ACLX	Arcellx	3.7	-27.2%	-15.0%
ORIC	ORIC Pharmaceuticals	0.7	-26.8%	4.1%
KOS	Kosmos Energy	0.5	-26.5%	-71.8%

Peer Comparisons for Fortive

Peers to compare with:

Financials

	FTV	ROP	AME	XYL	DOV	ESE	Median
Name	Fortive	Roper Te.	AMETEK	Xylem	Dover	ESCO Tec.
Mkt Price	55.68	449.25	206.23	139.11	199.51	200.41	199.96
Mkt Cap	18.4	48.3	47.6	33.9	27.4	5.2	30.6
Rev LTM	7,244	7,721	7,164	8,894	7,923	1,162	7,482
Op Inc LTM	1,255	2,172	1,874	1,232	1,323	183	1,289
FCF LTM	1,088	2,406	1,643	925	567	190	1,006
FCF 3Y Avg	1,241	1,995	1,591	753	886	108	1,063
CFO LTM	1,220	2,524	1,768	1,273	784	242	1,246
CFO 3Y Avg	1,354	2,101	1,722	1,053	1,072	149	1,213

Growth & Margins

	FTV	ROP	AME	XYL	DOV	ESE	Median
Name	Fortive	Roper Te.	AMETEK	Xylem	Dover	ESCO Tec.
Rev Chg LTM	27.9%	14.0%	3.7%	5.6%	2.6%	19.2%	9.8%
Rev Chg 3Y Avg	9.4%	14.1%	5.9%	18.9%	-1.6%	11.0%	10.2%
Rev Chg Q	2.3%	14.3%	10.8%	7.8%	4.8%	28.9%	9.3%
QoQ Delta Rev Chg LTM	0.3%	3.4%	2.6%	1.9%	1.2%	7.3%	2.3%
Op Mgn LTM	17.3%	28.1%	26.2%	13.9%	16.7%	15.8%	17.0%
Op Mgn 3Y Avg	18.0%	28.3%	25.7%	12.1%	16.2%	15.2%	17.1%
QoQ Delta Op Mgn LTM	-0.2%	0.1%	-0.1%	0.6%	0.4%	-0.4%	-0.0%
CFO/Rev LTM	16.8%	32.7%	24.7%	14.3%	9.9%	20.8%	18.8%
CFO/Rev 3Y Avg	21.9%	30.4%	25.1%	13.0%	13.9%	14.3%	18.1%
FCF/Rev LTM	15.0%	31.2%	22.9%	10.4%	7.2%	16.3%	15.7%
FCF/Rev 3Y Avg	20.1%	28.9%	23.2%	9.2%	11.5%	10.3%	15.8%

Valuation

	FTV	ROP	AME	XYL	DOV	ESE	Median
Name	Fortive	Roper Te.	AMETEK	Xylem	Dover	ESCO Tec.
Mkt Cap	18.4	48.3	47.6	33.9	27.4	5.2	30.6
P/S	2.5	6.3	6.6	3.8	3.5	4.5	4.1
P/EBIT	14.9	21.1	25.7	27.8	18.9	28.7	23.4
P/E	30.6	30.8	32.4	35.7	12.2	17.3	30.7
P/CFO	15.1	19.1	26.9	26.6	34.9	21.4	24.0
Total Yield	3.8%	4.0%	3.7%	3.9%	9.2%	5.9%	3.9%
Dividend Yield	0.5%	0.7%	0.6%	1.1%	1.0%	0.1%	0.7%
FCF Yield 3Y Avg	5.5%	3.6%	4.1%	2.5%	3.9%	2.6%	3.8%
D/E	0.2	0.2	0.1	0.1	0.1	0.0	0.1
Net D/E	0.2	0.2	0.0	0.0	0.1	0.0	0.0

Returns

	FTV	ROP	AME	XYL	DOV	ESE	Median
Name	Fortive	Roper Te.	AMETEK	Xylem	Dover	ESCO Tec.
1M Rtn	5.5%	1.2%	5.9%	-0.9%	9.0%	-7.0%	3.4%
3M Rtn	15.4%	-11.7%	9.6%	-2.8%	17.5%	-6.0%	3.4%
6M Rtn	3.6%	-20.4%	16.7%	11.5%	13.0%	6.0%	8.7%
12M Rtn	-1.9%	-14.0%	13.2%	20.2%	6.6%	48.4%	9.9%
3Y Rtn	14.8%	6.3%	50.9%	31.4%	53.6%	129.6%	41.1%
1M Excs Rtn	4.4%	-3.3%	3.5%	-4.4%	7.2%	-9.8%	0.1%
3M Excs Rtn	11.7%	-14.0%	7.3%	-5.8%	15.0%	-10.5%	0.7%
6M Excs Rtn	-9.8%	-34.0%	2.5%	-2.9%	-1.4%	-6.2%	-4.5%
12M Excs Rtn	-18.0%	-31.3%	-2.3%	3.3%	-10.3%	35.0%	-6.3%
3Y Excs Rtn	-62.2%	-70.1%	-24.4%	-46.3%	-22.9%	56.8%	-35.3%

Comparison Analyses

	Title
0	How Does Fortive Stock Stack Up Against Its Peers?
1	Fortive vs. Dover: With Return Forecast Of 9.8%, Fortive Is A Better Bet
2	With 19% Gains On The Table, FTV May Outshine AME
3	Why ESE With 37% Upside May Beat FTV?
4	FTV or ROP - With 50% Return Forecast, ROP Probably Deserves Your Money
5	Fortive vs. Transdigm Group: With Return Forecast Of 50%, Transdigm Group Is A Better Bet
6	Fortive vs. Fidelity National Information Services: With Return Forecast Of 19%, Fidelity National Information Services Is A Better Bet
7	Fortive vs. Dominion Resources: With Return Forecast Of 78%, Dominion Resources Is A Better Bet
8	Fortive vs. CDW: Similar Market Cap, Similar Bets
9	Fortive vs. Southwest Airlines: Similar Market Cap, But Southwest Airlines Is A Better Bet

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/26/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/29/2025	2/25/2025	2/27/2024	2/28/2023	3/1/2022	2/26/2021	2/27/2020
Key Financials
Total Revenue	7,244	6,232	6,065	5,826	5,255	4,634	4,564
EBITDA	1,783	1,666	1,571	1,437	1,176	2,040	821
Operating Income	1,255	1,144	1,134	1,005	813	539	444
Net Income	602	833	866	755	608	1,613	739
EPS	1.77	2.39	2.46	2.12	1.64	4.58	1.99
Growth Rates
Total Revenue Growth	27.9%	2.7%	4.1%	10.9%	13.4%	1.5%	20.1%
EBITDA Growth	22.0%	6.1%	9.3%	22.2%	-42.3%	148.6%	0.4%
Operating Income Growth	22.6%	0.9%	12.8%	23.7%	50.7%	21.5%	-31.2%
Net Income Growth	-32.3%	-3.8%	14.6%	24.1%	-62.3%	118.3%	-74.6%
Margins
EBITDA Margin	24.6%	26.7%	25.9%	24.7%	22.4%	44.0%	18.0%
Operating Income Margin	17.3%	18.3%	18.7%	17.3%	15.5%	11.6%	9.7%
Net Income Margin	8.3%	13.4%	14.3%	13.0%	11.6%	34.8%	16.2%
Cash & Debt
Total Cash	431	813	1,889	709	819	2,944	1,205
Total Debt	3,306	3,877	3,810	3,421	4,144	4,431	6,502
Net Debt / (Cash)	2,876	3,064	1,921	2,712	3,324	1,487	5,297
Cash Flows
Net Cash from Operations	1,220	1,527	1,354	1,303	961	1,437	1,271
Free Cash from Operations	1,088	1,406	1,246	1,207	911	1,361	1,197
Returns to Shareholders
Dividends	101	111	102	100	132	163	163
Share Repurchases	1,812	890	273	443	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/26/2025	6/27/2025	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/29/2025	7/30/2025	5/1/2025	2/25/2025	10/30/2024	7/24/2024	4/24/2024	2/27/2024	10/25/2023	7/26/2023	4/26/2023	2/28/2023
Key Financials Quarterly
Total Revenue	1,027	1,519	1,474	3,224	1,004	1,552	1,524	1,584	1,494	1,526	1,461	1,530
Ebitda	213	362	368	839	222	404	415	422	402	397	351	406
Operating Income	160	222	234	639	172	302	239	311	291	291	240	292
Net Income	55	167	172	209	222	195	207	265	218	209	174	227
EPS	0.17	0.49	0.50	0.61	0.63	0.56	0.59	0.75	0.62	0.59	0.49	0.64
Key Financials TTM
Total Revenue TTM	7,244	7,220	7,254	7,304	5,664	6,155	6,129	6,065	6,012	5,973	5,910	5,826
Ebitda TTM	1,783	1,791	1,833	1,880	1,462	1,642	1,635	1,571	1,555	1,512	1,461	1,437
Operating Income TTM	1,255	1,267	1,347	1,352	1,024	1,143	1,132	1,134	1,114	1,076	1,033	1,005
Net Income TTM	602	769	797	833	889	886	900	866	828	800	764	755
Growth Rates Quarterly
Total Revenue Growth	2.3%	-2.2%	-3.3%	103.6%	-32.8%	1.7%	4.4%	3.5%	2.6%	4.3%	6.1%	11.3%
EBITDA Growth	-3.7%	-10.4%	-11.2%	99.1%	-44.9%	1.7%	18.3%	3.9%	11.9%	14.9%	7.1%	33.1%
Operating Income Growth	-7.2%	-26.4%	-2.3%	105.7%	-40.9%	3.6%	-0.5%	6.7%	15.1%	17.2%	13.2%	44.6%
Net Income Growth	-75.2%	-14.6%	-17.1%	-21.3%	1.7%	-6.7%	19.5%	16.7%	14.8%	20.8%	5.1%	37.7%
Margins Quarterly
EBITDA Margin	20.8%	23.8%	25.0%	26.0%	22.1%	26.0%	27.2%	26.6%	26.9%	26.0%	24.0%	26.5%
Operating Income Margin	15.5%	14.6%	15.8%	19.8%	17.1%	19.4%	15.7%	19.6%	19.5%	19.1%	16.5%	19.1%
Net Income Margin	5.4%	11.0%	11.7%	6.5%	22.1%	12.6%	13.6%	16.7%	14.6%	13.7%	11.9%	14.9%
Cash & Debt
Total Cash	431	1,833	892	813	811	644	705	1,889	714	713	673	709
Total Debt	3,306	4,812	3,863	3,877	3,860	3,780	3,942	3,810	2,732	2,978	3,094	3,421
Net Debt / (Cash)	2,876	2,980	2,971	3,064	3,049	3,136	3,237	1,921	2,018	2,265	2,422	2,712
Cash Flows Quarterly
FCF from Operations	164	311	242	502	459	309	257	447	411	321	174	464
Cash Flows TTM
FCF from Operations TTM	1,220	1,514	1,512	1,527	1,471	1,424	1,436	1,354	1,371	1,289	1,263	1,303
Returns to Shareholders Quarterly
Dividends	19	27	27	27	28	28	28	28	25	25	25	25
Share Repurchases	1,001	142	203	467	270	153	-0	65	79	129	-0	67
Return on Invested Capital (ROIC) Quarterly
ROIC	19.2%	25.9%	26.4%	63.3%	15.6%	21.0%	16.0%	29.6%	23.6%	21.2%	16.4%	19.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	37.2%	36.9%	38.6%	34.5%	21.3%	20.7%	18.8%	24.7%	22.8%	20.2%	17.9%	16.7%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Intelligent Operating Solutions	2,612	2,466	2,169	1,884	1,899
Precision Technologies	2,224	2,038	1,849	1,651	1,808
Advanced Healthcare Solutions	1,229	1,321	1,236	1,099	857
Unallocated Corporate Costs and Other	0
Total	6,065	5,826	5,255	4,634	4,564

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Intelligent Operating Solutions	629	519	408	318	289
Precision Technologies	544	491	408	322	325
Advanced Healthcare Solutions	102	108	102	2	-72
Unallocated Corporate Costs and Other	-141
Other		-113	-106	-102	-98
Russia exit and wind down costs		-18
Total	1,134	987	813	539	444

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Intelligent Operating Solutions	6,550	6,583	6,769	5,662	5,748
Advanced Healthcare Solutions	5,212	5,498	5,737	4,310	4,433
Precision Technologies	3,064	2,983	2,994	2,980	2,975
Other	2,086	826	965	3,070	1,437
Assets of Discontinued Operations				30	2,846
Total	16,912	15,891	16,466	16,052	17,439

Price Behavior

Price Behavior

Market Price	$55.68
Market Cap ($ Bil)	18.4
First Trading Date	06/13/2016
Distance from 52W High	-12.0%
	50 Days	200 Days
DMA Price	$51.77	$51.65
DMA Trend	down	up
Distance from DMA	7.6%	7.8%
	3M	1YR
Volatility	19.0%	26.4%
Downside Capture	25.32	98.63
Upside Capture	91.47	81.59
Correlation (SPY)	30.4%	70.2%

FTV Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.17	0.42	0.53	0.77	0.95	1.00
Up Beta	0.54	0.49	0.73	1.18	0.90	0.93
Down Beta	-0.84	0.62	0.38	0.45	1.08	1.06
Up Capture	53%	61%	75%	54%	67%	76%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	10	21	32	58	118	383
Down Capture	3%	10%	37%	96%	102%	103%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	19	29	65	127	363

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of FTV With Other Asset Classes (Last 1Y)
	FTV	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-3.6%	17.0%	14.7%	67.3%	6.8%	-0.5%	-16.6%
Annualized Volatility	26.4%	19.0%	19.7%	19.3%	15.2%	17.6%	35.4%
Sharpe Ratio	-0.17	0.69	0.57	2.54	0.23	-0.18	-0.25
Correlation With Other Assets		75.4%	70.6%	0.9%	26.3%	61.5%	30.1%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of FTV With Other Asset Classes (Last 5Y)
	FTV	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	1.7%	14.1%	15.0%	18.9%	11.8%	5.1%	35.8%
Annualized Volatility	24.4%	17.2%	17.1%	15.5%	18.7%	18.9%	48.9%
Sharpe Ratio	0.06	0.66	0.71	0.98	0.51	0.18	0.63
Correlation With Other Assets		75.4%	68.9%	6.9%	13.3%	56.2%	23.7%

Based On 10-Year Data

		Comparison of FTV With Other Asset Classes (Last 10Y)
	FTV	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	8.1%	13.5%	14.9%	14.9%	6.7%	5.5%	69.9%
Annualized Volatility	26.6%	19.9%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	0.32	0.60	0.71	0.84	0.30	0.23	0.90
Correlation With Other Assets		76.4%	69.8%	1.6%	22.0%	57.3%	15.5%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	12,830,990
Short Interest: % Change Since 11152025	59.5%
Average Daily Volume	3,150,441
Days-to-Cover Short Interest	4.07
Basic Shares Quantity	330,800,000
Short % of Basic Shares	3.9%

Returns Analyses

	Title
0	Would You Still Hold Fortive Stock If It Fell 30%?
1	FTV YTD Stock Return Of -1.7% Outperforms ESE by 10% and Underperforms XYL by -19%
2	Fortive Stock Return Comparison
3	[9/29/2021] Fortive (FTV) Stock Price Forecast: AI Forecasts FTV Stock Price To Be Around $73.3 In A Month (Up 1.4%)
4	Fortive Total Shareholder Return (TSR): -15.4% in 2022 and 0.4% 3-yr returns (below peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/29/2025	2.4%	2.4%	8.3%
7/30/2025	-2.5%	-4.9%	-4.6%
5/1/2025	-4.2%	-2.4%	0.8%
2/7/2025	-0.9%	2.3%	-6.1%
10/30/2024	-3.4%	-4.3%	6.4%
7/24/2024	-8.2%	-7.1%	-5.6%
4/24/2024	-5.8%	-6.7%	-4.5%
1/31/2024	4.7%	9.2%	14.1%
...
SUMMARY STATS
# Positive	10	11	12
# Negative	14	13	12
Median Positive	2.9%	4.1%	6.0%
Median Negative	-3.8%	-4.3%	-3.9%
Max Positive	5.0%	9.7%	14.1%
Max Negative	-8.2%	-9.5%	-20.1%

	Forward Returns
10/29/2025	2.4%	2.4%	8.3%
7/30/2025	-2.5%	-4.9%	-4.6%
5/1/2025	-4.2%	-2.4%	0.8%
2/7/2025	-0.9%	2.3%	-6.1%
10/30/2024	-3.4%	-4.3%	6.4%
7/24/2024	-8.2%	-7.1%	-5.6%
4/24/2024	-5.8%	-6.7%	-4.5%
1/31/2024	4.7%	9.2%	14.1%
10/25/2023	-8.0%	-7.1%	-3.3%
7/26/2023	3.5%	5.6%	4.9%
4/26/2023	-3.5%	-2.2%	-2.3%
2/1/2023	-3.2%	1.9%	-0.4%
10/26/2022	-2.0%	0.0%	6.2%
7/28/2022	5.0%	9.7%	12.6%
4/28/2022	1.6%	8.6%	5.1%
2/3/2022	-7.8%	-7.2%	-15.3%
10/28/2021	1.0%	4.1%	1.8%
7/12/2021	0.2%	-3.0%	5.8%
4/29/2021	-5.4%	-3.2%	-3.0%
2/4/2021	4.3%	6.7%	4.3%
10/27/2020	-2.9%	2.1%	13.0%
7/28/2020	3.6%	-2.2%	-0.0%
4/30/2020	-5.1%	-9.5%	-2.8%
2/6/2020	1.5%	-0.8%	-20.1%
SUMMARY STATS
# Positive	10	11	12
# Negative	14	13	12
Median Positive	2.9%	4.1%	6.0%
Median Negative	-3.8%	-4.3%	-3.9%
Max Positive	5.0%	9.7%	14.1%
Max Negative	-8.2%	-9.5%	-20.1%

SEC Filings

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Report Date	Filing Date	Filing
9302025	10292025	10-Q 9/26/2025
6302025	7302025	10-Q 6/27/2025
3312025	5012025	10-Q 3/28/2025
12312024	2252025	10-K 12/31/2024
9302024	10302024	10-Q 9/27/2024
6302024	7242024	10-Q 6/28/2024
3312024	4242024	10-Q 3/29/2024
12312023	2272024	10-K 12/31/2023
9302023	10252023	10-Q 9/29/2023
6302023	7262023	10-Q 6/30/2023
3312023	4262023	10-Q 3/31/2023
12312022	2282023	10-K 12/31/2022
9302022	10262022	10-Q 9/30/2022
6302022	7282022	10-Q 7/1/2022
3312022	4282022	10-Q 4/1/2022
12312021	3012022	10-K 12/31/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Fortive (FTV)

Market Price (12/23/2025): $55.67 | Market Cap: $18.4 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

Fortive (FTV)

Market Price (12/23/2025): $55.67Market Cap: $18.4 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

FTV Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

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In The Past

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About Fortive (FTV)

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Outbound Investments

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Interactive Breakdown

Better Bets than Fortive (FTV)

INDUSTRY: Industrial Machinery & Supplies & Components

Higher Rev Chg 3Y Avg | Lower P/S (Values for FTV: 9.4% | 2.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for FTV: 9.4% | 14.7x)

Higher Rev Chg LTM (Value for FTV: 27.9%)

Higher Rev Chg 3Y Avg (Value for FTV: 9.4%)

Higher Op Mgn LTM (Value for FTV: 17.3%)

Higher CFO/Rev LTM (Value for FTV: 16.8%)

Higher FCF/Rev LTM (Value for FTV: 15.0%)

Higher Total Yield (Value for FTV: 3.8%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for FTV: 9.4% | 2.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for FTV: 9.4% | 14.7x)

Higher Rev Chg LTM (Value for FTV: 27.9%)

Higher Rev Chg 3Y Avg (Value for FTV: 9.4%)

Higher Op Mgn LTM (Value for FTV: 17.3%)

Higher CFO/Rev LTM (Value for FTV: 16.8%)

Higher FCF/Rev LTM (Value for FTV: 15.0%)

Higher Total Yield (Value for FTV: 3.8%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for FTV: 9.4% | 2.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for FTV: 9.4% | 14.7x)

Higher Rev Chg LTM (Value for FTV: 27.9%)

Higher Rev Chg 3Y Avg (Value for FTV: 9.4%)

Higher Op Mgn LTM (Value for FTV: 17.3%)

Higher CFO/Rev LTM (Value for FTV: 16.8%)

Higher FCF/Rev LTM (Value for FTV: 15.0%)

Higher Total Yield (Value for FTV: 3.8%)

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Market Price (12/23/2025): $55.67 | Market Cap: $18.4 Bil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Market Price (12/23/2025): $55.67
Market Cap: $18.4 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components