Fortive Corporation (FTV) AI Stock Analysis

Established in 2015 and headquartered in Everett, Washington, Fortive Corporation designs, manufactures, and services professional and engineered products, software, and services. The company organizes its operations into three primary segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Intelligent Operating Solutions provides connected reliability tools, facility lifecycle software, and test tools under brands including Accruent, Fluke, and Industrial Scientific. Precision Technologies offers electrical test and measurement instruments, energetic material devices, and sensors under brands such as Keithley and Tektronix. Advanced Healthcare Solutions provides hardware and software products including instrument reprocessing and biomedical solutions.

Fortive's revenue grew from $5.25B in FY2021 to $6.23B in FY2024 before falling 17.5% to $5.14B in FY2025. Gross margin expanded across this period, increasing from 57.3% in FY2021 to 61.0% in FY2025. Net income stood at $579.2M in FY2025, down from $832.9M in FY2024, resulting in a net margin of 11.3% and EPS of $3.01. Free cash flow reached $978.1M in FY2025 alongside operating cash flow of $1.08B. For the latest quarter ended June 30, 2026, revenue increased 7.9% year-over-year, while quarterly earnings grew 4.0%. Over the trailing twelve months, revenue was $4.32B with an operating margin of 19.1% and EPS of $1.90.

As of June 30, 2026, Fortive held $374.2M in cash and short-term investments against total debt of $3.51B, yielding net debt of $3.14B. Shareholders' equity was $6.06B, corresponding to a debt-to-equity ratio of 0.58, and the current ratio stood at 1.24. In FY2025, the company deployed $105.1M toward capital expenditures, paid $92.2M in dividends, and directed $1.61B toward share buybacks. The company reduced its share count by 15.2% over a five-year span.

At a share price of $57.79, Fortive has a market capitalization of $17.45B and an enterprise value of $20.13B. The stock trades at a trailing P/E of 30.4x and a forward P/E of 17.3x, both below the median of its S&P 500 Technology peers, which post a trailing P/E of 31.5x and a forward P/E of 20.9x. Its enterprise value-to-EBITDA ratio is 16.3x compared to the peer median of 19.9x, and its price-to-sales multiple is 4.0x versus the peer median of 6.3x. Fortive achieved a 1-year return of 19.2%, outperforming the S&P 500 return of 16.8%, but its 5-year return of 7.9% lagged the benchmark return of 83.0%.

Fortive provides an annual forward dividend of $0.28 per share, representing a dividend yield of 0.48% and a payout ratio of 8.3%. Dividends are distributed on a quarterly schedule and have been paid for 11 consecutive years. Over the past five years, the annualized dividend growth rate was 9.4%, and the most recent ex-dividend date occurred on September 4, 2026.

Wall Street coverage includes 3 Strong Buy, 1 Buy, 10 Hold, 1 Sell, and 1 Strong Sell recommendations. The mean price target is $62.79, implying an upside of 8.6% from the last closing price of $57.79. Consensus forecasts estimate FY2026 EPS of $3.01 on revenue of $4.37B, and FY2027 EPS of $3.25 on revenue of $4.54B. Fortive beat EPS estimates in each of the past 4 quarters, with the next earnings release scheduled for October 28, 2026.

This page is an AI-written research summary of Fortive Corporation (FTV). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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