Fortive Corp (FTV)
Industrials · Industrial Machinery & Supplies & Components · US stock · S&P 500 component
$57.79
▲ +0.01 (0.02%)
Fair valueOvervalued
$37 −36.7% to fair value
$18fair band $26–$48$55
Day's range
$57.26 – $58.54
52-week range
$48.07 – $64.48
About Fortive Corp
Fortive is an industrial technology company that makes professional test and measurement instruments, including those branded Fluke, and software for managing facilities, assets and workflows. It also serves healthcare customers with products for infection prevention and surgical workflow. Customers include electricians, technicians, industrial plants, building owners and hospitals. The business is organised into groups that bring these instrument, software and healthcare activities together.
Instruments, software subscriptions and related services generated revenue of $4.2 billion over the last twelve months. Revenue has changed at -10.6% a year across the last three years, a decline. The operating margin is 17.6%, the business earns 7% on the capital invested in it, and net debt is 2.6 times EBITDA. The dividend yield is 0.4%. On the site's X-Ray Score it receives 30 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $48.07 – $64.48Volume 1,301,700Daily, split-adjusted
Vitals
Market cap$18.1B
52-week range$48.07 – $64.48
Volume (last day)1,301,700
P/E (TTM)35.1
EBIT / EV yield3.5%
Free-cash-flow yield5.3%
Dividend yield0.4%
Revenue (TTM)$4.2B
Net income (TTM)$544M
Operating margin17.6%
Return on capital7.2%
Debt incl. leases$3.6B
Cash & securities$356M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$37model spread $35 – $38
Overvalued
−36.7% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $58
Undervalued < $26Fair $26 – $48Overvalued > $48
10-year DCF (market-scaled)
$22
Peer multiples
$49
Earnings power floor (not blended)
$12
Fundamentals-adjusted multiple
$40
Growth the price implies
19.6%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Weak
35/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.5%
Free-cash-flow yield5.3%
Fair value vs price0.6×
Growth
Weak
17/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-10.6%
EPS growth (3y)-6.3%
Growth consistency50%
Profitability
Weak
44/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital7.2%
Operating margin17.6%
Gross profitability23.1%
Financial health
Weak
23/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA2.6×
Dividends
Weak
28/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.4%
Dividends vs free cash flow8%
Dividend growth-2.5%
Quarterly results: last 6 quarters
–
Dec '24
+0.9%
Mar '25
-0.4%
Jun '25
+2.3%
Sep '25
+4.6%
Dec '25
+7.7%
Apr '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.1B, diluted EPS $0.44.
Compare with peers
SNA Snap-on Inc67 PNR PENTAIR plc62 GWW W.W. Grainger, Inc.58 OTIS Otis Worldwide Corp57Other Industrial Machinery & Supplies & Components companies by X-Ray Score.
Fundamentals checklist
● 1 Good · ● 4 Average · ● 10 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDABad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 30/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.8B | $3.9B | $4.1B | $4.2B |
| Operating income | $813M | $987M | $574M | $716M | $720M |
| Net income | $608M | $755M | $866M | $833M | $533M |
| Operating cash flow | $961M | $1.3B | $1.4B | $1.5B | $1.1B |
| Operating margin | 15.5% | 16.9% | 14.7% | 17.6% | 17.3% |
| Free cash flow | $911M | $1.2B | $1.3B | $1.4B | $978M |
| Diluted EPS | $1.63 | $2.10 | $2.43 | $2.36 | $1.73 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
9 bullish · 2 neutral · 5 bearish
Weekly
Bullish
7 bullish · 1 neutral · 4 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 57.37 | Bullish |
| EMA 10 | 57.29 | Bullish |
| SMA 20 | 56.59 | Bullish |
| EMA 20 | 57.00 | Bullish |
| SMA 50 | 57.68 | Bullish |
| EMA 50 | 57.56 | Bullish |
| SMA 100 | 59.28 | Bearish |
| EMA 100 | 58.16 | Bearish |
| SMA 200 | 58.27 | Bearish |
| EMA 200 | 57.62 | Bullish |
Oscillators (daily)
| RSI (14) | 54.86 | Neutral |
| MACD (12, 26) | 0.17 | Bullish |
| Momentum (12) | 5.44 | Bullish |
| Stochastic %K (14) | 80.77 | Bearish |
| Williams %R (14) | -19.23 | Bearish |
| CCI (20) | 99.52 | Neutral |
Pivot points (classic, last session)
S3 55.91 | S2 56.58 | S1 57.19 | Pivot 57.86 | R1 58.47 | R2 59.14 | R3 59.75 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.25 USD
Yield on today's price
0.43%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 4 Sep 2026 | 0.0700 |
| 22 Jun 2026 | 0.0600 |
| 13 Mar 2026 | 0.0600 |
| 28 Nov 2025 | 0.0600 |
| 12 Sep 2025 | 0.0600 |
| 8 Sep 2025 | 0.0500 |
| 30 May 2025 | 0.0800 |
| 28 Feb 2025 | 0.0800 |
| 29 Nov 2024 | 0.0800 |
| 13 Sep 2024 | 0.0800 |
| 31 May 2024 | 0.0800 |
| 22 Feb 2024 | 0.0800 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
FTV SEC filings
10 Sep 2026
8-KSEC EDGAR
Director or officer change
29 Jul 2026
10-QSEC EDGAR
Quarterly report
29 Jul 2026
8-KSEC EDGAR
Results of operations
11 Jun 2026
8-KSEC EDGAR
Shareholder vote results
14 May 2026
8-KSEC EDGAR
Entered a material agreement; Other events
12 May 2026
424B5SEC EDGAR
424B5
30 Apr 2026
10-QSEC EDGAR
Quarterly report
30 Apr 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.