Fortive Corporation
- Open
- 57.18
- Day high
- 57.45
- Day low
- 56.73
- Prev close
- 56.60
- Volume
- 66K
- Mkt cap
- $17.1B
- P/E (TTM)
- 33.0
- EPS (TTM)
- $1.72
- P/B
- 2.8
- P/S
- 4.0
- Yield
- 0.42%
- Per share
- $0.24
- ▼Insiders net selling -$533K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Fortive Corporation (FTV) is a Technology company listed on NYSE. The stock is up 20% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 1 published research article covering FTV.
Fortive Corporation (FTV) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FTV earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 29, 2026 | $0.71 | $0.74 | +4.7% | $1.1B | +2.6% |
| Apr 30, 2026 | $0.64 | $0.70 | +9.4% | $1.1B | +3.0% |
| Feb 4, 2026 | $0.83 | $0.90 | +8.4% | $1.1B | +10.2% |
| Oct 29, 2025 | $0.57 | $0.68 | +19.5% | $1.0B | +1.9% |
| Jul 30, 2025 | $0.58 | $0.58 | -0.9% | $1.5B | +49.9% |
| May 1, 2025 | $0.64 | $0.85 | +32.6% | $1.5B | -1.2% |
| Feb 7, 2025 | $1.12 | $1.17 | +4.5% | $1.6B | -0.5% |
| Jul 24, 2024 | $0.92 | $0.93 | +1.2% | $1.6B | -0.8% |
| Jan 31, 2024 | $0.93 | $0.98 | +5.4% | $948M | -39.4% |
| Jul 26, 2023 | $0.81 | $0.85 | +4.9% | $1.5B | +1.2% |
| Feb 1, 2023 | $0.84 | $0.88 | +4.6% | $1.5B | +1.9% |
| Oct 26, 2022 | $0.76 | $0.79 | +3.9% | $1.5B | +0.9% |
FTV insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 11, 2026 | Underwood Peter Cofficer: SVP - Chief Legal Officer | Sell | 8,662 | $61.59 |
| Aug 4, 2026 | Okerstrom Mark Dofficer: SVP - Chief Financial Officer | Grant | 21 | — |
| Aug 4, 2026 | Okerstrom Mark Dofficer: SVP - Chief Financial Officer | Grant | 20 | — |
| Aug 4, 2026 | Okerstrom Mark Dofficer: SVP - Chief Financial Officer | Grant | 20 | — |
| Aug 4, 2026 | Okerstrom Mark Dofficer: SVP - Chief Financial Officer | Grant | 22 | — |
| Aug 4, 2026 | Okerstrom Mark Dofficer: SVP - Chief Financial Officer | Grant | 22 | — |
| Aug 4, 2026 | Okerstrom Mark Dofficer: SVP - Chief Financial Officer | Grant | 21 | — |
| Aug 4, 2026 | Okerstrom Mark Dofficer: SVP - Chief Financial Officer | Grant | 20 | — |
| Aug 4, 2026 | Okerstrom Mark Dofficer: SVP - Chief Financial Officer | Grant | 22 | — |
| Aug 4, 2026 | Okerstrom Mark Dofficer: SVP - Chief Financial Officer | Grant | 21 | — |
| Jul 7, 2026 | Okerstrom Mark Dofficer: SVP - Chief Financial Officer | Grant | 4 | — |
| Jul 7, 2026 | Underwood Peter Cofficer: SVP - Chief Legal Officer | Grant | 13 | — |
| Jul 7, 2026 | Soroye Olumidedirector, officer: President & CEO | Tax | 3,777 | $62.65 |
| Jul 7, 2026 | Mulhall Christopher M.officer: VP - Chief Accounting Officer | Grant | 6 | — |
| Jul 7, 2026 | Desjourdy Ameeofficer: SVP - Chief People Officer | Grant | 1 | — |
Source: FTV SEC Form 4 filings, latest Aug 11, 2026. For informational purposes only — not investment advice.
See the full FTV insider & 13F page →Fortive Corporation company profile
Overview
Fortive Corporation (NASDAQ:FTV) is a diversified industrial technology company that was spun off from Danaher Corporation in 2016. Founded through this separation, Fortive has established itself as a leading provider of professional and engineered products, software, and services across multiple industrial and healthcare markets. The company operates globally with headquarters in Everett, Washington, and has built its business around three core segments serving customers in manufacturing, healthcare, utilities, aerospace, and other industrial markets. Fortive is currently preparing for its own strategic separation, planning to spin off its Precision Technologies segment in 2025 to create two focused companies.
Business
Fortive operates as a diversified industrial technology company across three primary business segments, each serving distinct markets with specialized products and services. Intelligent Operating Solutions (IOS) represents the company's largest segment, focusing on connected reliability tools and enterprise software solutions. This division includes the well-known Fluke brand, which manufactures professional test and measurement instruments used by technicians and engineers to troubleshoot electrical, mechanical, and thermal systems. The segment also encompasses facility and asset lifecycle software, construction planning solutions, and environmental health and safety software platforms. Key brands include Accruent, Gordian, Intelex, Industrial Scientific, Pruftechnik, and ServiceChannel. These products help organizations maintain equipment reliability, ensure workplace safety, and optimize facility operations. Precision Technologies (PT) provides electrical test and measurement instruments, sensor systems, and control solutions primarily for industrial applications. The flagship Tektronix brand produces oscilloscopes, signal generators, and other electronic test equipment used in semiconductor manufacturing, telecommunications, and research applications. The segment also includes Keithley instruments for precision measurement, and various sensor brands like Gems, Setra, and Qualitrol that monitor power systems, industrial processes, and equipment conditions. This segment is scheduled to be spun off as "Ralliant Corporation" in 2025. Advanced Healthcare Solutions (AHS) serves healthcare facilities with specialized equipment and software systems. The ASP (Advanced Sterilization Products) division provides sterilization systems and services for medical instruments, while Censis offers surgical inventory management software. Other brands include Fluke Biomedical for medical equipment testing, Landauer for radiation safety monitoring, and various instrument tracking and asset management solutions. This segment helps healthcare providers ensure patient safety, regulatory compliance, and operational efficiency. Revenue distribution across segments shows IOS as the largest contributor at approximately 45-50% of total revenue, followed by PT at around 35-40%, and AHS representing roughly 15-20% of the company's business.
Revenue model
Fortive generates revenue through multiple business models across its diversified portfolio, with an increasing emphasis on recurring revenue streams that now represent approximately 42% of total company revenue. The company's primary revenue model combines product sales with subscription-based services and usage-based fees. In the Intelligent Operating Solutions segment, Fortive sells professional test instruments like Fluke multimeters and thermal cameras, while also providing software-as-a-service (SaaS) subscriptions for facility management, safety compliance, and asset lifecycle management platforms. The Precision Technologies segment generates revenue from high-value test and measurement equipment sales, along with calibration services and software licenses. Advanced Healthcare Solutions operates through both equipment sales (sterilization systems) and recurring service contracts, including instrument reprocessing services and software subscriptions for inventory management and compliance tracking. The company's customers span multiple industries and include manufacturing companies needing reliability testing equipment, healthcare facilities requiring sterilization and compliance solutions, utilities and power companies using monitoring and control systems, semiconductor manufacturers purchasing precision test equipment, and construction and facility management companies subscribing to software platforms. Several factors influence Fortive's margins and profitability. Positive margin drivers include the company's strong pricing power due to mission-critical product applications, growing software and recurring revenue mix, operational efficiency improvements through the Fortive Business System, and exposure to secular growth trends like electrification and digitalization. The company has demonstrated ability to pass through inflationary cost increases to customers and benefits from economies of scale in manufacturing and R&D. Margin pressures come from macroeconomic uncertainty affecting customer capital expenditure decisions, particularly in semiconductor and electronics markets, tariff impacts on imported components (estimated at $190-220 million in 2025), competitive pricing pressure in commoditized product categories, and the need for continued R&D investment to maintain technological leadership. Regional economic weakness, especially in China and parts of Europe, also affects demand and pricing dynamics across the portfolio.
Competitive moat
Fortive possesses a moderate to strong competitive moat built on several interconnected advantages, though the strength varies across its business segments. The company's primary moat stems from its mission-critical product positioning and high switching costs. Many of Fortive's products, particularly Fluke test instruments and Tektronix measurement equipment, are essential tools for technicians and engineers where reliability and accuracy are paramount. The cost of equipment failure or measurement errors far exceeds the price of the instruments, creating relatively inelastic demand and pricing power. Additionally, users invest significant time learning these specialized tools, creating switching costs that discourage migration to competitors. Brand strength and customer relationships represent another key moat element. Fluke has built an iconic brand in the electrical testing market over decades, with strong brand loyalty among professional technicians. Similarly, Tektronix maintains leadership in oscilloscopes and high-end test equipment. These brands benefit from word-of-mouth recommendations and professional training programs that embed product usage in industry workflows. The company's software and data advantages are strengthening its moat, particularly in the IOS segment where facility management and compliance software create workflow integration and data lock-in effects. Once customers integrate these platforms into their operations and accumulate historical data, switching becomes increasingly difficult and expensive. However, Fortive faces several competitive challenges. The cyclical nature of many end markets, particularly semiconductors and electronics, creates vulnerability to economic downturns. Technological disruption poses risks, especially as software-based solutions and cloud platforms potentially commoditize traditional hardware-based measurement tools. Competition from specialized software companies and larger technology firms with greater R&D resources could erode market positions in software-intensive segments. The planned separation of Precision Technologies will likely weaken the combined entity's scale advantages and reduce diversification benefits, though it may allow each business to focus more effectively on their specific markets and competitive dynamics.
Risks & safety
Fortive demonstrates a moderate margin of safety with solid financial fundamentals but some cyclical vulnerability and valuation concerns. **Financial Strength:** 1. Strong cash position of $892 million with minimal immediate liquidity concerns 2. Manageable debt-to-equity ratio of 0.38, indicating conservative leverage 3. Positive free cash flow generation of $1.4 billion annually, providing financial flexibility 4. Current ratio near 1.0 suggests adequate short-term liquidity management **Valuation Metrics:** 1. Price-to-earnings ratio of 31-36x appears elevated relative to industrial peers 2. EV/EBITDA of 17-30x indicates premium valuation that may limit downside protection 3. Price-to-book ratio of 2.4-2.6x suggests market expects continued strong returns 4. Graham number analysis indicates potential overvaluation at current levels **Risk Considerations:** 1. Cyclical exposure to semiconductor and electronics markets creates earnings volatility 2. Tariff headwinds of $190-220 million represent meaningful near-term margin pressure 3. Upcoming corporate separation introduces execution risk and potential cost inefficiencies 4. Geographic exposure to China and Europe creates regional economic sensitivity
Recent development
Over the past few years, Fortive has executed several strategic initiatives focused on portfolio optimization, recurring revenue growth, and operational excellence. The company's most significant strategic move is the planned separation of its Precision Technologies segment, which will be spun off as "Ralliant Corporation" by the end of Q2 2025. This separation aims to create two more focused companies, allowing each to pursue distinct growth strategies and capital allocation priorities. The company has prioritized software and recurring revenue expansion, successfully growing this portion of the business to 42% of total revenue with low double-digit growth rates. Key investments include enhancing SaaS platforms across facility management, healthcare compliance, and safety monitoring applications. Fortive has also made strategic acquisitions, including EA Elektro-Automatik in early 2024, which strengthens its position in power testing and energy transition markets. Innovation and R&D investments have accelerated, with particular focus on artificial intelligence applications and electrification technologies. The company has incubated seven new AI-driven growth initiatives and is developing solutions that leverage data analytics across its software platforms. Product development has emphasized connected and intelligent solutions that provide ongoing value through data insights and remote monitoring capabilities. Operationally, Fortive has implemented proactive restructuring and productivity initiatives through its Fortive Business System (FBS), driving margin expansion across all segments. The company has also developed comprehensive tariff mitigation strategies, including pricing actions, supply chain optimization, and manufacturing localization to offset approximately 80% of expected tariff impacts. Leadership transitions are underway with CEO Jim Lico retiring after the separation completion and new CFO Mark Okerstrom joining the company. An investor day is planned for June 2025 to outline the strategic vision for the post-separation entity.
FTV company profile · for informational purposes only — not investment advice.
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