Fortive Corporation (FTV) Stock

Fortive Corporation (FTV) is a Technology stock trading at $59.39 (as of 2026-08-20), with a market capitalization of $18.11B and a trailing P/E of 33.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services. It operates through segments including Intelligent Operating Solutions and Precision Technologies, providing connected reliability and EHS/quality and facility lifecycle software, test and measurement instruments, calibration tools, and related offerings for industries such as manufacturing, healthcare, utilities, communications, and electronics.

Understand Fortive Corporation: how it makes money

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services, and it makes money by selling these offerings to industrial and other vertical end markets worldwide.

A large part of Fortive's earnings power comes from combining connected, reliability and lifecycle software and services with engineered measurement and control tools, so customer value is tied to ongoing operations rather than only one-time equipment sales.

Revenue by segment (latest quarter)
Intelligent Ops$0.7B
Adv Health$0.3B

Business quality (Weak): Margins are strong in the latest period, but the provided segment revenue candidates do not reconcile cleanly across all segment options (Precision Technologies is not included in the only segment set that gets close to the reported total).

Valuation: At 37× earnings, FTV trades 39% below the Measuring & Control Equipment average (60×). Note: one-time items can distort reported P/E.

Bull case

  • Strong profitability profile in the latest period: Gross margin is 63.2% and operating margin is 17.9% for the period ended 2026-04-03.
  • Value proposition is broader than hardware: Intelligent Operating Solutions includes connected reliability tools and enterprise software offerings, plus services, which can support more durable customer relationships than instruments alone.

Bear case

  • Segment revenue reporting complexity: The provided segment revenue candidates include multiple versions (GAAP vs other, continuing vs other) and do not reconcile cleanly to the reported total when all candidate segments are used, making it harder to track like-for-like performance.
  • Revenue concentration by vertical execution: Fortive sells into a range of vertical end markets, so weaker demand or delays in project activity in those end markets can pressure segment results.
Valuation — source: SEC EDGAR (first-party)
Price$59.39
Market Cap$18.11B
P/E Ratio33.3
EV / EBITDA19.4
Price / Book2.97
Price / Sales4.82
FCF Yield5.4%
DCF Value (model)$3.40
DCF Upside vs Price-94.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.16B
Net Margin13.9%
Revenue Growth (YoY)-27.5%
EPS Growth (YoY)-12.0%
FCF Growth (YoY)-3.2%
Financial Health — source: SEC EDGAR
Altman Z-Score3.22 (safe)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E33.3
Sector P/E (Technology)33.9
Industry P/E (Measuring & Control Equipment)51.8
vs Sector-1.9%
vs Industry-35.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderDodge & Cox ($2.39B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryMeasuring & Control Equipment
CEOOlumide Soroye
Employees18,000
CountryUS
IPO Date2016-07-05

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FTV earnings history · FTV institutional & insider holders · FTV KPIs & operating metrics · FTV financials · FTV investor presentations & press releases · FTV SEC filings · FTV peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.