Sunday 11 October 2026
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Fortive Corporation
FTV Technology Scientific & Technical Instruments
In the quarter to June 2026, revenue grew 7.91%, EPS grew 6.12%, free cash flow fell 9.82% and total debt fell 27.1%, each against the same quarter a year earlier. Member of the S&P 500.
57.26
0.84
+1.49%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 29.19 | 33.42 | 39.66 | 40.05 | 23.53 | 48.67 | 39.54 | 47.25 | 49.85 | 45.50 |
Analyst estimates 2026–2028 Powerpack |
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| High | 41.81 | 47.73 | 55.71 | 56.43 | 55.96 | 60.19 | 57.67 | 60.21 | 65.64 | 62.79 | |||||
| People | |||||||||||||||
| People | Employees | 24,000 | 26,000 | 24,000 | 25,000 | 17,000 | 18,000 | 18,000 | 18,000 | 18,000 | 10,000 | ||||
| Revenue/emp, $m | 0.22 | 0.22 | 0.16 | 0.18 | 0.27 | 0.29 | 0.32 | 0.22 | 0.23 | 0.42 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 5,378 | 5,756 | 3,800 | 4,564 | 4,634 | 5,255 | 5,826 | 3,914 | 4,081 | 4,159 | ||||
| Gross margin, % | 49.93 | 50.75 | 57.53 | 54.41 | 56.29 | 57.23 | 57.73 | 63.29 | 64.18 | 63.50 | |||||
| EBT | 1,011 | 1,074 | 566 | 337 | 1,508 | 678 | 874 | 433 | 506 | 602 | |||||
| EBT margin, % | 18.79 | 18.65 | 14.89 | 7.38 | 32.53 | 12.89 | 14.99 | 11.07 | 12.41 | 14.48 | |||||
| Net income | 740 | 884 | 490 | 268 | 1,452 | 614 | 755 | 866 | 833 | 579 | |||||
| Depreciation | 166 | 161 | 175 | 342 | 384 | 396 | 466 | 426 | 431 | 438 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 15.56 | 16.56 | 11.00 | 13.59 | 13.74 | 15.06 | 16.35 | 11.10 | 11.69 | 12.53 | ||||
| Earnings | 2.52 | 3.01 | 8.33 | 1.99 | 4.58 | 1.64 | 2.12 | 2.46 | 2.39 | 1.74 | |||||
| Cash flow | 3.29 | 3.39 | 3.89 | 3.79 | 4.26 | 2.75 | 3.66 | 3.84 | 4.37 | 3.26 | |||||
| Capex | (0.29) | (0.26) | (0.20) | (0.22) | (0.21) | (0.13) | (0.27) | (0.22) | (0.25) | (0.32) | |||||
| Free cash flow | 3.00 | 3.13 | 3.69 | 3.56 | 4.05 | 2.62 | 3.39 | 3.62 | 4.13 | 2.95 | |||||
| Book value | 7.78 | 10.96 | 19.14 | 22.04 | 26.59 | 27.27 | 27.18 | 29.29 | 29.20 | 19.46 | |||||
| Shares, m | 346 | 348 | 346 | 336 | 337 | 349 | 356 | 353 | 349 | 332 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 13.41 | 15.16 | 5.02 | 24.21 | 11.68 | 35.27 | 22.95 | 22.23 | 23.65 | 31.55 | ||||
| P/S | 2.18 | 2.76 | 2.21 | 2.46 | 3.89 | 3.82 | 2.96 | 4.90 | 4.84 | 4.41 | |||||
| P/B | 4.35 | 4.16 | 2.16 | 2.19 | 2.01 | 2.11 | 1.78 | 1.86 | 1.94 | 2.84 | |||||
| EV/Sales | 2.65 | 3.29 | 2.56 | 3.24 | 4.17 | 4.42 | 3.40 | 5.49 | 5.55 | 5.09 | |||||
| EV/FCF | 13.77 | 17.44 | 12.97 | 17.82 | 14.14 | 25.34 | 16.40 | 16.87 | 15.71 | 21.63 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 1,137 | 1,176 | 1,344 | 1,271 | 1,437 | 961 | 1,303 | 1,354 | 1,527 | 1,083 | ||||
| Capex | (101) | (90) | (70) | (74) | (70) | (45) | (96) | (79) | (86) | (105) | |||||
| Free cash flow | 1,036 | 1,087 | 1,275 | 1,197 | 1,366 | 916 | 1,207 | 1,275 | 1,441 | 978 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 1,022 | 1,335 | 979 | 222 | 1,586 | (1,200) | (250) | 1,880 | 354 | (641) | ||||
| Total debt | 3,358 | 4,056 | 3,430 | 6,326 | 4,230 | 3,959 | 3,251 | 4,196 | 3,707 | 3,206 | |||||
| Net debt | 2,555 | 3,094 | 2,252 | 5,121 | 1,286 | 3,140 | 2,542 | 2,307 | 2,894 | 2,831 | |||||
| Shareholders’ equity | 2,691 | 3,808 | 6,613 | 7,400 | 8,973 | 9,517 | 9,689 | 10,325 | 10,196 | 6,461 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 11.33 | 11.18 | 24.60 | 4.42 | 9.22 | 3.53 | 4.67 | 5.28 | 4.91 | 4.03 | ||||
| ROIC | 12.65 | 10.35 | 4.55 | 2.22 | 3.29 | 4.01 | 5.05 | 2.84 | 3.42 | 4.84 | |||||
| ROE | 22.16 | 32.14 | 55.25 | 9.56 | 18.86 | 6.21 | 7.86 | 8.65 | 8.12 | 6.95 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Fortive Corporation vs peers in Scientific & Technical Instruments (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GRMN Garmin Ltd. | $51.8B | 27.4× | 25.0× | +11.44% (above 0%: growing) | +35.10% (above 0%: growing) | +116.30% (above 0%: growing) | 62.41% | 30.44% | Compare |
| TDY Teledyne Technologies Incorporated | $28.0B | 29.6× | 29.7× | +9.83% (above 0%: growing) | +21.22% (above 0%: growing) | +45.03% (above 0%: growing) | 44.40% | 20.04% | Compare |
| MKSI MKS Inc. | $17.6B | 40.5× | 37.4× | +28.26% (above 0%: growing) | +181.52% (above 0%: growing) | +38.97% (above 0%: growing) | 47.68% | 20.11% | Compare |
| FTV Fortive Corporation | $17.0B | 33.3× | 30.8× | +7.91% (above 0%: growing) | +6.12% (above 0%: growing) | −9.82% (below 0%: shrinking) | 63.39% | 19.14% | |
| TRMB Trimble Inc. | $14.0B | — (loss-making) | 24.1× | +11.00% (above 0%: growing) | n/m | +492.59% (above 0%: growing) | 69.43% | 13.58% | Compare |
| CGNX Cognex Corporation | $10.3B | 59.9× | 42.7× | +16.93% (above 0%: growing) | +79.17% (above 0%: growing) | +67.25% (above 0%: growing) | 70.65% | 29.36% | Compare |
| ESE ESCO Technologies Inc. | $7.9B | 21.2× | 46.9× | +14.40% (above 0%: growing) | +24.75% (above 0%: growing) | −22.12% (below 0%: shrinking) | 41.74% | 14.80% | Compare |
| ST Sensata Technologies Holding N.V. | $6.2B | 69.3× | 16.9× | +5.00% (above 0%: growing) | +70.73% (above 0%: growing) | +61.39% (above 0%: growing) | 30.47% | 16.70% | Compare |
| NOVT Novanta Inc. | $5.2B | 89.4× | 62.9× | +10.27% (above 0%: growing) | +158.33% (above 0%: growing) | +391.84% (above 0%: growing) | 45.49% | 6.79% | Compare |
| Median of peers | $12.1B | 40.5× | 33.6× | +11.22% | +70.73% | +64.32% | 46.59% | 18.37% |
FTV metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Fortive Corporation (FTV) key facts
- Fortive Corporation (FTV) is a Scientific & Technical Instruments company in the Technology sector, listed on the New York Stock Exchange.
- As of October 9, 2026, FTV traded at $57.26, a market capitalization of $17.0 billion.
- Fortive Corporation pays an annual dividend of $0.25 per share, a yield of 0.44%, with a payout ratio of 14.8%.
- Return on equity was 6.95% and debt-to-equity 0.58.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.22 (safe zone) for fiscal 2025.