Fortive Corporation (FTV) Key Metrics
FTV valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $17.45B
- Enterprise value
- $20.13B
- P/E (TTM)
- 30.4 10-yr median 22.5
- Forward P/E
- 17.3
- PEG ratio
- 1.29
- Price / sales
- 4.0 10-yr median 3.2
- Price / book
- 2.8 10-yr median 2.2
- EV / EBITDA
- 16.3 10-yr median 14.5
- Dividend yield
- 0.48% $0.28 a year
- Beta
- 0.99
FTV key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFTV valuation Price multiples at each fiscal year-end price.
FTV returns How much profit the business earns on the capital it uses.
FTV per-share figures Results divided by the shares outstanding at year-end.
FTV financial health Debt, liquidity and how easily interest is covered.
FTV efficiency & capital use Working capital cycle and where the cash goes.
FTV valuation history
FTV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FTV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FTV cash returned to shareholders
FTV price vs earnings per share
FTV key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $17.63B | $19.94B | $19.73B | $17.47B | $20.25B | $19.16B | $16.38B | $14.96B | $16.09B | $11.75B |
| Enterprise value | $20.46B | $23.00B | $21.65B | $20.18B | $23.58B | $20.65B | $21.68B | $17.22B | $19.68B | $14.72B |
| P/E ratio | 30.4 | 23.9 | 22.8 | 23.1 | 33.3 | 11.9 | 22.2 | 5.1 | 15.4 | 13.5 |
| Price / sales | 3.4 | 3.2 | 3.3 | 3.0 | 3.9 | 4.1 | 3.6 | 2.3 | 2.8 | 1.9 |
| Price / book | 2.7 | 2.0 | 1.9 | 1.8 | 2.1 | 2.1 | 2.2 | 2.3 | 4.2 | 4.4 |
| Price / free cash flow | 18.0 | 14.2 | 15.8 | 14.5 | 22.2 | 14.1 | 14.1 | 12.1 | 15.5 | 11.7 |
| Price / operating cash flow | 16.3 | 13.1 | 14.6 | 13.4 | 21.1 | 13.3 | 12.9 | 11.1 | 13.7 | 10.3 |
| EV / sales | 4.0 | 3.7 | 3.6 | 3.5 | 4.5 | 4.5 | 4.7 | 2.7 | 3.4 | 2.4 |
| EV / EBITDA | 17.0 | 13.8 | 19.1 | 14.0 | 20.0 | 10.1 | 26.4 | 12.0 | 14.9 | 10.3 |
| EV / free cash flow | 20.9 | 16.4 | 17.4 | 16.7 | 25.9 | 15.2 | 18.7 | 14.0 | 18.9 | 14.6 |
| Earnings yield | 3.3% | 4.2% | 4.4% | 4.3% | 3.0% | 8.4% | 4.5% | 19.5% | 6.5% | 7.4% |
| Free cash flow yield | 5.5% | 7.1% | 6.3% | 6.9% | 4.5% | 7.1% | 7.1% | 8.2% | 6.5% | 8.6% |
| Dividend yield | 0.5% | 0.6% | 0.5% | 0.6% | 0.7% | 0.9% | 1.0% | 0.9% | 0.6% | 26.0% |
| Shareholder yield (dividends + buybacks) | 9.7% | 5.0% | 1.9% | 3.1% | 0.7% | 0.9% | 1.0% | 0.9% | 0.6% | 26.0% |
| Share price at fiscal year-end | $55.21 | $56.52 | $55.49 | $48.42 | $57.49 | $53.37 | $48.17 | $42.67 | $45.62 | $33.82 |
| Per share | ||||||||||
| Revenue per share | $16.10 | $17.66 | $17.06 | $16.15 | $14.92 | $12.91 | $13.42 | $18.40 | $16.32 | $17.92 |
| Earnings per share | $1.81 | $2.36 | $2.43 | $2.09 | $1.73 | $4.49 | $2.17 | $8.31 | $2.96 | $2.51 |
| Operating cash flow per share | $3.39 | $4.33 | $3.81 | $3.61 | $2.73 | $4.00 | $3.74 | $3.83 | $3.34 | $3.27 |
| Free cash flow per share | $3.06 | $3.99 | $3.50 | $3.35 | $2.59 | $3.79 | $3.41 | $3.51 | $2.95 | $2.90 |
| Cash per share | $1.18 | $2.31 | $5.31 | $1.97 | $2.33 | $8.20 | $3.54 | $3.36 | $2.73 | $2.31 |
| Book value per share | $20.20 | $28.88 | $29.02 | $26.84 | $27.00 | $24.97 | $21.73 | $18.81 | $10.80 | $7.75 |
| Tangible book value per share | −$9.50 | −$9.37 | −$5.52 | −$7.91 | −$10.02 | −$4.70 | −$14.29 | −$5.74 | −$7.28 | −$5.86 |
| Dividends per share | $0.29 | $0.32 | $0.29 | $0.28 | $0.38 | $0.46 | $0.48 | $0.37 | $0.28 | $8.78 |
| Capex per share | $0.33 | $0.34 | $0.30 | $0.27 | $0.14 | $0.21 | $0.33 | $0.32 | $0.39 | $0.37 |
| Debt per share | $10.04 | $10.99 | $10.71 | $9.48 | $11.76 | $12.34 | $19.12 | $9.78 | $12.91 | $10.86 |
| Shares outstanding | 319.4M | 352.8M | 355.6M | 360.8M | 352.3M | 359.0M | 340.0M | 350.7M | 352.6M | 347.3M |
| Change in shares outstanding | −9.5% | −0.8% | −1.4% | +2.4% | −1.9% | +5.6% | −3.1% | −0.5% | +1.5% | +0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.0% | 8.1% | 8.7% | 7.9% | 6.6% | 19.7% | 10.6% | 56.0% | 32.1% | 22.2% |
| Return on invested capital (ROIC) | 6.9% | 7.9% | 8.0% | 6.9% | 6.5% | 5.4% | 3.9% | 12.4% | 14.7% | 12.7% |
| Return on assets (ROA) | 4.0% | 4.9% | 5.3% | 4.7% | 3.7% | 9.6% | 4.9% | 24.9% | 11.2% | 11.3% |
| Return on tangible assets | 25.7% | 23.7% | 18.7% | 22.5% | 17.8% | 29.9% | 14.2% | 67.8% | 25.3% | 25.2% |
| Free cash flow margin | 19.0% | 22.6% | 20.5% | 20.7% | 17.3% | 29.4% | 25.4% | 19.1% | 18.1% | 16.2% |
| Income quality (OCF / net income) | 1.87 | 1.83 | 1.56 | 1.73 | 1.58 | 0.89 | 1.72 | 0.46 | 1.13 | 1.30 |
| Financial health | ||||||||||
| Total debt | $3.21B | $3.88B | $3.81B | $3.42B | $4.14B | $4.43B | $6.50B | $3.43B | $4.55B | $3.77B |
| Cash & short-term investments | $375.5M | $813.3M | $1.89B | $709.2M | $819.3M | $2.94B | $1.21B | $1.18B | $962.1M | $803.2M |
| Net debt | $2.83B | $3.06B | $1.92B | $2.71B | $3.32B | $1.49B | $5.30B | $2.25B | $3.59B | $2.97B |
| Debt / equity | 0.50 | 0.38 | 0.37 | 0.35 | 0.44 | 0.49 | 0.88 | 0.52 | 1.20 | 1.40 |
| Debt / assets | 0.27 | 0.23 | 0.23 | 0.22 | 0.25 | 0.28 | 0.37 | 0.27 | 0.43 | 0.46 |
| Net debt / EBITDA | 2.36 | 1.84 | 1.69 | 1.89 | 2.83 | 0.73 | 6.45 | 1.57 | 2.72 | 2.09 |
| Current ratio | 0.71 | 1.16 | 2.05 | 0.91 | 0.68 | 1.55 | 1.06 | 1.45 | 1.83 | 1.70 |
| Quick ratio | 0.58 | 0.91 | 1.75 | 0.71 | 0.54 | 1.40 | 0.88 | 1.18 | 1.47 | 1.33 |
| Interest coverage | 7.5 | 7.7 | 9.2 | 10.2 | 8.1 | 4.4 | 3.7 | 12.2 | 13.1 | 25.9 |
| Working capital | −$640.9M | $353.9M | $1.88B | −$250.1M | −$1.20B | $1.59B | $221.6M | $979.1M | $1.33B | $1.02B |
| Invested capital | $9.28B | $13.25B | $12.24B | $12.39B | $12.84B | $10.45B | $12.68B | $8.85B | $7.40B | $5.66B |
| Tangible asset value | −$3.03B | −$3.30B | −$1.96B | −$2.85B | −$3.53B | −$1.68B | −$4.84B | −$2.00B | −$2.57B | −$2.04B |
| Net current asset value | −$3.67B | −$4.23B | −$2.91B | −$3.73B | −$4.43B | −$2.63B | −$6.35B | −$3.12B | −$3.76B | −$3.01B |
| Graham number | $28.71 | $39.17 | $39.87 | $35.55 | $32.39 | $50.25 | $32.59 | $59.29 | $26.83 | $20.93 |
| Graham net-net per share | −$13.28 | −$14.25 | −$10.43 | −$12.49 | −$14.69 | −$9.19 | −$23.07 | −$11.21 | −$13.00 | −$10.69 |
| Capital allocation | ||||||||||
| Dividends paid | $92.2M | $111.2M | $102.0M | $99.5M | $132.2M | $163.4M | $162.8M | $131.5M | $97.2M | $3.05B |
| Share buybacks (net) | $1.61B | $889.6M | $272.9M | $442.9M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 15.9% | 13.4% | 11.8% | 13.2% | 21.7% | 10.1% | 22.0% | 4.5% | 9.3% | 349.5% |
| Dividends + buybacks / free cash flow | 174.0% | 71.2% | 30.1% | 44.9% | 14.5% | 12.0% | 14.0% | 10.7% | 9.3% | 302.6% |
| Capex / revenue | 2.0% | 1.9% | 1.8% | 1.6% | 1.0% | 1.6% | 2.5% | 1.7% | 2.4% | 2.1% |
| Capex / operating cash flow | 9.7% | 7.9% | 8.0% | 7.4% | 5.2% | 5.3% | 8.8% | 8.4% | 11.6% | 11.4% |
| Capex / depreciation | 0.24 | 0.22 | 0.24 | 0.21 | 0.13 | 0.20 | 0.26 | 0.43 | 0.78 | 0.73 |
| Stock-based compensation / revenue | 2.3% | 1.8% | 1.9% | 1.6% | 1.5% | 1.4% | 1.3% | 0.8% | 0.8% | 0.7% |
| R&D / revenue | 6.7% | 6.6% | 6.6% | 6.9% | 6.8% | 6.9% | 7.0% | 6.4% | 6.4% | 6.2% |
| SG&A / revenue | 32.3% | 34.9% | 33.4% | 33.6% | 35.0% | 37.7% | 48.6% | 26.8% | 26.7% | 22.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 57.8 | 55.8 | 57.8 | 59.2 | 60.4 | 67.0 | 83.4 | 66.1 | 66.2 | 56.4 |
| Days of inventory on hand | 76.0 | 78.9 | 79.2 | 77.8 | 78.7 | 99.1 | 107.3 | 67.4 | 72.5 | 61.2 |
| Days payables outstanding | 101.2 | 93.8 | 90.9 | 87.5 | 84.4 | 84.1 | 102.0 | 83.6 | 89.8 | 75.9 |
| Cash conversion cycle (days) | 32.6 | 40.9 | 46.1 | 49.4 | 54.7 | 82.0 | 88.6 | 49.9 | 48.9 | 41.8 |
| Receivables turnover | 6.31 | 6.54 | 6.32 | 6.17 | 6.04 | 5.45 | 4.38 | 5.52 | 5.51 | 6.47 |
| Payables turnover | 3.61 | 3.89 | 4.01 | 4.17 | 4.32 | 4.34 | 3.58 | 4.36 | 4.07 | 4.81 |
| Inventory turnover | 4.80 | 4.62 | 4.61 | 4.69 | 4.64 | 3.68 | 3.40 | 5.42 | 5.04 | 5.96 |
| Asset turnover | 0.36 | 0.37 | 0.37 | 0.36 | 0.32 | 0.28 | 0.30 | 0.55 | 0.62 | 0.81 |
| Average receivables | $814.5M | $953.1M | $959.6M | $944.4M | $870.2M | $850.5M | $1.04B | $1.17B | $1.04B | $962.4M |
| Average payables | $556.9M | $643.0M | $615.8M | $590.5M | $519.4M | $464.9M | $577.8M | $717.0M | $696.9M | $661.6M |
| Average inventory | $418.3M | $540.9M | $536.8M | $524.7M | $484.1M | $547.9M | $607.4M | $577.5M | $562.6M | $533.8M |
| Intangibles / total assets | 80.8% | 79.3% | 72.6% | 78.9% | 79.2% | 66.3% | 70.2% | 66.7% | 60.7% | 57.7% |
Computed from FTV's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FTV valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Fortive traded at 30.4 times earnings, against a 10-year median of 22.5. Based on the latest twelve months, the trailing P/E is 30.4 and the forward P/E is 17.3. Fortive earned a return on equity of 7.0% and a return on invested capital of 6.9% in fiscal 2025. It ended the year with $3.2 billion of debt and $375.5 million in cash and short-term investments, net debt of $2.8 billion. It returned $1.7 billion to shareholders: $92.2 million in dividends and $1.6 billion in share buybacks, 174% of free cash flow. The share count fell 8.0% from 347.3M to 319.4M over 9 years.
See the FTV income statement, the FTV chart for price history, or the FTV stock overview for the latest quote and news.
FTV key metrics FAQ
What is Fortive's P/E ratio?
Fortive's trailing P/E ratio is 30.4 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 17.3. At the end of fiscal 2025 it was 30.4, compared with a 10-year median of 22.5.
What is Fortive's EV/EBITDA?
Fortive's enterprise value was 17.0 times EBITDA at the end of fiscal 2025 (enterprise value $20.5 billion, EBITDA $1.2 billion); the current EV/EBITDA is 16.3.
What is Fortive's return on equity?
Fortive's return on equity (ROE) was 7.0% in fiscal 2025: net income of $579.2 million on average shareholders' equity of $8.3 billion.
What is Fortive's ROIC?
Fortive's return on invested capital was 6.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Fortive have?
Fortive had total debt of $3.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.50 and $2.8 billion of net debt (2.36 times EBITDA).
What is Fortive's dividend yield?
Fortive's forward dividend yield is 0.48%. Fortive paid $92.2 million in dividends in fiscal 2025 ($0.29 per share), a payout ratio of 15.9%.
Does Fortive buy back its shares?
Yes. Fortive spent $1.6 billion on net share repurchases in fiscal 2025 Shares outstanding changed −9.5% over the year, to 319.4M..
What is Fortive's free cash flow yield?
Fortive generated $978.1 million of free cash flow in fiscal 2025, a free cash flow yield of 5.5% on its market value at year-end ($17.6 billion).
What is Fortive's current ratio?
Fortive's current ratio was 0.71 at the end of fiscal 2025: current assets were 0.71 times current liabilities.