Stock · FTV · Technology

Fortive Corp

United States · Large Cap · listed since 2016 · Revenue 12 mo. $4.3B

Price as of 11/06/2026

StockScorer score
5.5
of 10 6 of 11 points Medium Match To the score
Price
$65.37
1 Y +18.4%
Market cap
$19B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue −4.1% a year (3 years)EBIT margin 17.7%Payout 155.3% of operating cash flow

Fortive Corporation designs, develops, manufactures, and markets products, software, and services in the United States, China, and internationally.

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Fortive Corporation designs, develops, manufactures, and markets products, software, and services in the United States, China, and internationally. It operates through Intelligent Operating Solutions and Advanced Healthcare Solutions segments. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including maintenance, repair, measurement and condition monitoring, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries. This segment markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, and SERVICECHANNEL brand names. The Advanced Healthcare Solutions segment provides critical workflow solutions comprising instrument sterilization, instrument tracking, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software and solutions under the ASP, CENSIS, FLUKE BIOMEDICAL, LANDAUER, and PROVATION brand names. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

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Summary

Fortive Corp is around the middle of the Technology sector overall

57.2 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 7.8% FCF growth a year, more than achieved over the last 5 and 10 years.

If free cash flow stays at €877.7M (2025), it supports €9.8B. The remaining €7.3B of the market value assume it grows 7.8% a year for 10 years and not at all afterwards.

Required FCF growth per year

7.8%

no growth afterwards

Market value breakdown€17B market value, price as of 11/06/2026

€9.8B without growth
€7.3B priced-in growth
  • 5 yrs achieved 1.4%
  • 10 yrs achieved 2.7%
  • priced in 7.8%

Valuation against its own history

Price to operating cash flow 19.1×, above its usual range.

Middle half of 20 quarters: 13.8× to 16.1×, median 14.5×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

1 sign supports the expectation, 4 speak against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 1.9% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

  • Expectation above the company's own record priced in 7.8%, achieved at most 2.7%
  • Earnings declined earnings −30.5% year on year
  • Revenue declined revenue −17.5% year on year
1 more
  • Volatile earnings 3 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 3 of 4 changes for the better.

  • Revenue, 12 mo.$4.7B → $4.3B−8.9%worse
  • Gross margin61.8% → 63.2%+1.4 ppbetter
  • FCF margin20.5% → 22.1%+1.6 ppbetter
  • Shares outstanding313M → 308M−1.7%better

4 more unchanged: FCF, 12 mo., EBIT margin, Net debt, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability59.3around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity8.98%14.60%Rank 32
Return on capital (Greenblatt)336.88%29.77%Rank 93
EBIT margin17.67%17.40%Rank 52
FCF margin19.02%18.54%Rank 53
Gross margin60.96%48.47%Rank 66
Growth16.6below the middleGrows more slowly than the sector: Revenue growth, 1 year −17.48%, sector 12.70%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year−17.48%12.70%Rank 0
Earnings growth, 3 years per year−4.67%9.54%Rank 20
Earnings growth, 5 years per year−16.60%14.07%Rank 4
Sustainable growth (ROE × retained earnings)2.04%2.87%Rank 41
Valuation60.1above the middleValued lower than the sector: FCF yield 5.15%, sector 3.06%.
MetricStockSector medianPosition in sector
Earnings yield2.77%2.64%Rank 53
FCF yield5.15%3.06%Rank 71
EV/saleslower is better4.245.18Rank 60
EV/EBITlower is better24.0126.24Rank 57
Momentum78.0above the middleShare price doing better than the sector: Distance from 52-week high −4.35%, sector −33.23%.
MetricStockSector medianPosition in sector
Share price, 1 year18.37%−0.59%Rank 76
Share price, 6 months8.66%−4.46%Rank 67
Share price, 3 months11.06%−5.84%Rank 78
Distance from 52-week high−4.35%−33.23%Rank 92
Quality80.2above the middleQuality above the sector: Change in share count −9.47%, sector −0.17%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−2.56%1.65%Rank 77
Change in share countlower is better−9.47%−0.17%Rank 98
Dividend streak in years98Rank 71
Price reaction to results, market-adjusted3.81%−1.57%Rank 76
Balance sheet & risk48.7around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio54.98%53.98%Rank 51
Net debt/EBITDAlower is better2.36−0.20Rank 12
Debt to equitylower is better0.500.33Rank 34
Volatility, 1 yearlower is better27.20%50.37%Rank 98

Ten years in figures

Revenue from $6.2B (2016) to $5.1B (2025), −2.1% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt, $B
20166.220.4%$1.0B347M2.6
20175.820.2%$1.0B353M3.1
20186.518.4%$1.2B351M2.3
20194.611.6%$1.2B340M5.3
20204.614.0%$1.4B359M2.6
20215.315.8%$911.1M352M3.3
20225.817.3%$1.2B361M2.7
20236.118.7%$1.2B356M1.9
20246.218.9%$1.4B353M3.1
20255.117.7%$978.1M319M2.8
5.5 / 10Medium MatchStockScorer score6 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

Fortive Corp mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Fortive Corp's score is built

Fortive Corp is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

6 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Fortive Corp stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Dividend Quality: 4 Factors
  • Earnings Quality: Accrual Check (Sloan)
  • Magic Formula: Value + Quality
  • Levermann Strategy (13 Criteria)
  • Mohanram G-Score: Growth Quality
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • Balanced GARP
  • High-Growth / Rule of 40
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check

Fortive Corp key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Fortive Corp.

MetricStockSector
P/E ratio36.035.1
P/B ratio3.25.5
Return on equity (ROE)9.0%14.6%
Equity ratio55.0%54.0%
Debt-to-equity (D/E)0.500.33
Dividend yield0.4%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
FTVFortive Corpthis page
MKSIMKS Instruments Inclocked
TRMBTrimble IncLow1.8
TDYTeledyne Technologies IncorporatedLow3.6
COHRCoherent Corplocked
KEYSKeysight Technologies Inclocked

Frequently asked questions about Fortive Corp stock

How does Fortive Corp stock (FTV) score in the StockScorer model?
Fortive Corp stock reaches a StockScorer score of 5.5 out of 10, which is a medium match with the rule-based strategies. 3 out of 7 flagship profile rules are met.
What is Fortive Corp's P/E ratio?
Fortive Corp's P/E ratio is 36.0. The Technology sector median is 35.1.
What sector is Fortive Corp in?
Fortive Corp is assigned to the Technology sector. Its rank within the sector is 57.2 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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