Wednesday 4 November 2026
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Fortive Corporation
FTV Technology Scientific & Technical Instruments
Fortive Corporation’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 1.92% from fiscal 2024.
- Revenue
- +7.83%
- EPS
- +237.8%
- Free cash flow
- +108.9%
- Total debt
- +6.29%
Quarter to September 2026, against a year earlier
68.69
1.88
+2.81%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
31.55 | 22.81 | 21.44 | 22.14 | 34.02 | 11.26 | 23.88 | 4.95 | 14.96 | 13.23 |
Piotroski F-Score |
6 | 7 | 7 | 7 | 6 | 6 | 4 | 6 | 6 | 5 |
P/S ratio |
4.41 | 4.67 | 3.05 | 2.86 | 3.68 | 3.75 | 2.43 | 2.18 | 2.72 | 2.15 |
Altman Z-Score |
3.22 | 2.76 | 2.82 | 2.76 | 2.58 | 2.47 | 1.65 | 2.32 | 2.64 | 2.56 |
Altman Z″-Score (non-manufacturers) |
2.85 | 3.57 | 4.05 | 3.34 | 2.48 | 3.33 | 1.80 | 2.83 | 2.58 | 2.36 |
P/FCF ratio |
18.74 | 13.21 | 14.53 | 13.79 | 21.14 | 12.74 | 13.36 | 11.05 | 14.40 | 11.16 |
Beneish M-Score |
(2.71) | (3.03) | (2.70) | (2.59) | (2.36) | (2.53) | (3.00) | (2.40) | (2.49) | (3.50) |
P/Operating CF |
50.09 | 37.91 | 41.45 | 35.87 | 70.49 | 61.12 | 33.63 | 31.67 | 33.77 | 36.40 |
Dividend Safety Score |
12 | — | — | — | — | — | — | — | — | — |
P/B ratio |
2.84 | 1.87 | 1.79 | 1.72 | 2.03 | 1.94 | 2.16 | 2.13 | 4.11 | 4.29 |
Price to Tangible BV |
0.00 | 42.39 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
5.09 | 5.37 | 3.43 | 3.29 | 4.28 | 4.03 | 3.21 | 2.53 | 3.26 | 2.62 |
EV/EBITDA |
18.28 | 19.12 | 20.82 | 13.21 | 18.62 | 20.23 | 17.74 | 12.07 | 14.38 | 11.50 |
EV/Operating CF |
19.53 | 14.36 | 15.39 | 14.73 | 23.41 | 13.01 | 16.60 | 12.15 | 15.93 | 12.41 |
EV/FCF |
21.63 | 15.22 | 16.33 | 15.90 | 24.57 | 13.68 | 17.64 | 12.82 | 17.25 | 13.62 |
Quick Ratio |
0.47 | 0.66 | 1.59 | 0.61 | 0.47 | 1.31 | 0.60 | 1.08 | 1.24 | 1.19 |
Current Ratio |
0.71 | 1.16 | 2.05 | 0.91 | 0.68 | 1.55 | 1.06 | 1.45 | 1.83 | 1.70 |
Net Debt/EBITDA |
2.44 | 2.52 | 2.31 | 1.75 | 2.60 | 1.39 | 6.52 | 2.75 | 2.37 | 2.08 |
Debt/Assets |
27.31% | 21.79% | 24.81% | 20.46% | 24.04% | 26.35% | 36.28% | 26.58% | 38.63% | 41.00% |
Debt/Equity |
0.50 | 0.36 | 0.41 | 0.34 | 0.42 | 0.47 | 0.85 | 0.52 | 1.07 | 1.25 |
Asset Turnover |
0.29 | 0.24 | 0.24 | 0.36 | 0.32 | 0.28 | 0.30 | 0.32 | 0.62 | 0.70 |
Operating CF/Net income |
1.87 | 1.83 | 1.56 | 1.73 | 1.67 | 0.93 | 1.90 | 0.47 | 1.13 | 1.30 |
Capex/Depreciation |
(0.24) | (0.20) | (0.18) | (0.21) | (0.11) | (0.18) | (0.22) | (0.40) | (0.56) | (0.61) |
Interest Coverage |
5.98 | 4.69 | 4.65 | 10.04 | 7.88 | 3.63 | 3.11 | 8.36 | 12.89 | 22.88 |
| 6.95% | 8.12% | 8.65% | 7.86% | 6.21% | 18.86% | 9.56% | 55.25% | 32.14% | 22.16% | |
| 4.03% | 4.91% | 5.28% | 4.67% | 3.53% | 9.22% | 4.42% | 24.60% | 11.18% | 11.33% | |
ROIC |
4.84% | 3.42% | 2.84% | 5.05% | 4.01% | 3.29% | 2.22% | 4.55% | 10.35% | 12.65% |
Return on Tangible Assets |
(156.08%) | 141.94% | 37.32% | 439.58% | (71.34%) | 76.90% | 105.07% | 185.11% | 53.70% | 55.57% |
Average Days of Receivables |
59.99 | 59.15 | 89.60 | 60.05 | 64.61 | 63.82 | 71.23 | 114.78 | 64.71 | 64.16 |
Research and Development Expense of Revenue |
6.23% | 6.16% | 6.06% | 6.89% | 6.75% | 6.92% | 7.02% | 7.32% | 6.42% | 6.53% |
Selling, General and Administrative Expense of Revenue |
39.95% | 40.47% | 42.57% | 33.59% | 35.01% | 37.73% | 37.67% | 33.23% | 24.48% | 23.67% |
Intangible Assets out of Total Assets |
0.81 | 0.57 | 0.73 | 0.79 | 0.79 | 0.66 | 0.62 | 0.67 | 0.55 | 0.58 |
Share Based Compensation of Revenue |
2.81% | 2.21% | 2.41% | 1.61% | 1.47% | 1.35% | 1.15% | 1.07% | 0.77% | 0.76% |
Graham Net Nets |
(0.20) | (0.22) | (0.16) | (0.22) | (0.23) | (0.15) | (0.40) | (0.22) | (0.24) | (0.26) |
Graham Number |
27.68 | 39.62 | 40.18 | 35.92 | 31.62 | 52.25 | 31.38 | 61.48 | 27.24 | 21.04 |
Earnings Yield |
3.17% | 4.38% | 4.66% | 4.52% | 2.94% | 8.88% | 4.19% | 20.19% | 6.68% | 7.56% |
Free Cash Flow Yield |
5.34% | 7.57% | 6.88% | 7.25% | 4.73% | 7.85% | 7.49% | 9.05% | 6.95% | 8.96% |
Revenue per Share |
12.53 | 11.69 | 11.10 | 16.35 | 15.06 | 13.74 | 13.59 | 11.00 | 16.56 | 15.56 |
Operating CF per Share |
3.26 | 4.37 | 3.84 | 3.66 | 2.75 | 4.26 | 3.79 | 3.89 | 3.39 | 3.29 |
Capex per Share |
(0.32) | (0.25) | (0.22) | (0.27) | (0.13) | (0.21) | (0.22) | (0.20) | (0.26) | (0.29) |
Free Cash Flow per Share |
2.95 | 4.13 | 3.62 | 3.39 | 2.62 | 4.05 | 3.56 | 3.69 | 3.13 | 3.00 |
Cash per Share |
1.13 | 2.33 | 5.36 | 1.99 | 2.35 | 8.73 | 3.59 | 3.41 | 2.77 | 2.32 |
Shareholders Equity per Share |
19.46 | 29.20 | 29.29 | 27.18 | 27.27 | 26.59 | 22.04 | 19.14 | 10.96 | 7.78 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
19.46 | 29.20 | 29.29 | 27.18 | 27.27 | 26.59 | 22.04 | 19.14 | 10.96 | 7.78 |
Free Cash Flow |
978.10 | 1,440.70 | 1,275.00 | 1,207.40 | 915.60 | 1,366.30 | 1,196.90 | 1,274.50 | 1,086.80 | 1,035.80 |
Working Capital |
(640.90) | 353.90 | 1,880.30 | (250.10) | (1,200.00) | 1,586.10 | 221.60 | 979.10 | 1,334.50 | 1,022.20 |
Capital Expenditures |
(105.10) | (86.10) | (78.60) | (95.80) | (45.50) | (70.40) | (74.50) | (69.90) | (89.60) | (101.10) |
Net Current Asset Value |
(3,670.90) | (4,228.20) | (2,914.90) | (3,725.00) | (4,433.60) | (2,631.90) | (6,350.00) | (3,121.50) | (3,755.60) | (3,010.10) |
EV/EBIT |
29.38 | 30.62 | 36.28 | 19.44 | 27.68 | 34.64 | 24.87 | 13.87 | 16.40 | 13.29 |
Capex to Sales |
0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
Price to Operating Income |
25.45 | 26.58 | 32.27 | 16.86 | 23.81 | 32.25 | 18.84 | 11.95 | 13.69 | 10.89 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.62 | 1.85 | 0.97 | 1.10 | 1.00 | 0.91 | 0.82 | 0.30 | 0.26 | 0.30 |
Cash ROIC |
9.74% | 9.79% | 7.77% | 8.85% | 6.40% | 8.46% | 8.02% | 11.36% | 12.31% | 15.12% |
Accounts Receivable Turnover |
6.19 | 5.03 | 4.08 | 6.17 | 6.04 | 5.45 | 4.38 | 3.43 | 5.86 | 5.59 |
Accounts Payable Turnover |
3.52 | 2.83 | 2.33 | 4.17 | 4.33 | 4.36 | 3.60 | 2.42 | 4.38 | 4.07 |
Inventory Turnover |
5.41 | 3.62 | 2.68 | 4.69 | 4.64 | 4.65 | 4.20 | 2.99 | 5.39 | 5.04 |
Average Days of Payables |
104.93 | 106.22 | 154.61 | 92.35 | 90.60 | 86.62 | 78.76 | 159.75 | 80.99 | 90.30 |
Days of Inventory on Hand |
70.16 | 67.37 | 136.39 | 79.56 | 83.26 | 82.07 | 73.01 | 129.90 | 65.24 | 73.82 |
Average Receivables |
672.45 | 811.05 | 959.65 | 944.35 | 870.25 | 850.50 | 1,042.90 | 1,107.80 | 982.95 | 962.35 |
Average Payables |
430.90 | 517.00 | 615.80 | 590.45 | 519.35 | 464.90 | 577.75 | 667.75 | 647.60 | 661.65 |
Average Inventory |
280.80 | 403.35 | 536.80 | 524.70 | 484.10 | 435.85 | 495.35 | 540.60 | 525.65 | 533.75 |
Average Assets |
14,376.90 | 16,963.95 | 16,401.20 | 16,178.05 | 16,258.50 | 16,745.25 | 15,172.30 | 11,703.10 | 9,345.20 | 7,700.20 |
Average Common Equity |
8,328.35 | 10,260.45 | 10,006.95 | 9,602.80 | 9,244.85 | 8,186.45 | 7,006.55 | 5,210.55 | 3,249.60 | 3,936.75 |
Columns are period end dates · fundamentals updated 2 Nov 2026