Fortive CorpFortive Corp
Fortive Corp

Fortive Corp

FTV
Information Technology·Electronic Equipment, Instruments & Components

Fortive Corp. engages in the design, development, manufacturing, and marketing of professional and engineered products, software, and services for a variety of end markets. It operates through the following segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides solutions to accelerate industrial and facility reliability and performance, as well as compliance and safety across a range of vertical end markets, including manufacturing, process industries, healthcare, utilities and power, communications, and electronics. The Precision Technologies segment supplies technologies such as electrical test and measurement instruments and services, energetic material devices, and a broad portfolio of sensor and control system solutions. The Advanced Healthcare Solutions segment serves healthcare customers with products and services for critical activities, including instrument and device reprocessing, instrument tracking, cell therapy equipment design and manufacturing, biomedical test tools, radiation safety monitoring, and asset management. The company was founded by James A. Lico and Stacey A. Walker on November 10, 2015 and is headquartered in Everett, WA.

Washington; U.S.A
Market cap
No dataNo data
Revenue
$4.2B−33.3% YoY
Net income
$579.2M−30.5% YoY
Free cash flow
$978.1M−30.5% YoY

Market

Listed stock
FTVPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$4.2B−33.3% YoY
Operating income
$720.2M−40.3% YoY
Net income
$579.2M−30.5% YoY
Free cash flow
$978.1M−30.5% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $5.3B, 2022 $5.8B, 2023 $6.1B, 2024 $6.2B, 2025 $4.2B. Operating income: 2021 $812.8M, 2022 $987.4M, 2023 $1.1B, 2024 $1.2B, 2025 $720.2M. Net income: 2021 $608.4M, 2022 $755.2M, 2023 $865.8M, 2024 $832.9M, 2025 $579.2M. Free cash flow: 2021 $911.1M, 2022 $1.2B, 2023 $1.2B, 2024 $1.4B, 2025 $978.1M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-33.3%−3601 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $812.8M, 2022-12-31 $987.4M, 2023-12-31 $1.1B, 2024-12-31 $1.2B, 2025-12-31 $720.2M. Net income: 2021-12-31 $608.4M, 2022-12-31 $755.2M, 2023-12-31 $865.8M, 2024-12-31 $832.9M, 2025-12-31 $579.2M. Free cash flow: 2021-12-31 $911.1M, 2022-12-31 $1.2B, 2023-12-31 $1.2B, 2024-12-31 $1.4B, 2025-12-31 $978.1M

Growth heatmap

2022202320242025CAGR
Revenue
+10.9%
+4.1%
+2.7%
-33.3%
-5.7%
Gross profit
+11.8%
+6.9%
+3.8%
-29.2%
-3.2%
Operating income
+21.5%
+14.8%
+6.4%
-40.3%
-3.0%
Free cash flow
+32.5%
+3.2%
+12.9%
-30.5%
+1.8%

Earnings quality

Operating cash flow
$1.1B−29.1% YoY
Net income
$579.2M−30.5% YoY
Free cash flow
$978.1M−30.5% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 187%, 2024-12-31 183%, 2023-12-31 156%, 2022-12-31 173%, 2021-12-31 158%. Free cash flow: 2025-12-31 169%, 2024-12-31 169%, 2023-12-31 144%, 2022-12-31 160%, 2021-12-31 150%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
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FCF / share
Latest
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Diluted shares
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No data

Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
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EV / EBITDA
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Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
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Free cash flow yield
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