FTV

MKT CAP:$19B

Fortive Corporation

Market Cap

$19B

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NYSE

Technology·Hardware,·🇺🇸·NYSE

Stock Price

$60.86+$5.47 (+9.88%)

Apr 22, 2026

Company Details

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, ...

CEO

Olumide O. Soroye

IPO Date

Jul 5, 2016

Website

www.fortive.com

Key Metrics TTM

Revenue

$6.1B

-0.1% YoY

Net Income

$769M

EPS (Diluted)

$2.22

Free Cash Flow

$1.4B

Revenue / Share

$17.99

Gross Margin

59.8%

Operating Margin

18.4%

Net Margin

12.5%

FCF Margin

22.5%

P/S

3.2x

P/E

25.2x

Earnings Reports

Q3 2025

Apr 30, 2026

PENDING

FY 2025

Feb 25, 2026

$5.1B-17.5%EPS $1.74

Q2 2025

Jul 30, 2025

$1.5B-2.2%EPS $0.49

Q1 2025

May 1, 2025

$1.5B-3.3%EPS $0.50

FY 2024

Feb 25, 2025

$6.2B+2.7%EPS $2.36

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 19	$1.9B	$928M	$263M
Q2 20	$1.0B	$583M	$103M
Q1 22	$1.4B	$792M	$212M
Q2 22	$1.5B	$834M	$249M
Q3 22	$1.5B	$845M	$253M
Q4 22	$1.5B	$893M	$292M
Q1 23	$1.5B	$848M	$258M
Q2 23	$1.5B	$905M	$291M
Q3 23	$1.5B	$893M	$291M
Q4 23	$1.6B	$948M	$311M
Q1 24	$1.5B	$904M	$239M
Q2 24	$1.6B	$928M	$302M
Q3 24	$1.5B	$921M	$297M
Q4 24	$1.6B	$977M	$311M
Q1 25	$1.5B	$881M	$261M
Q2 25	$1.5B	$896M	$263M

Valuation

Quarter	P/S	P/E
Q3 19	2.8x	24.5x
Q2 20	3.0x	28.7x
Q1 22	3.2x	28.7x
Q2 22	3.4x	28.7x
Q3 22	3.6x	29.5x
Q4 22	3.3x	25.7x
Q1 23	3.3x	25.4x
Q2 23	3.2x	24.3x
Q3 23	3.2x	23.4x
Q4 23	3.2x	22.4x
Q1 24	3.2x	21.6x
Q2 24	3.2x	21.9x
Q3 24	3.1x	21.8x
Q4 24	3.1x	23.3x
Q1 25	3.1x	24.3x
Q2 25	3.2x	25.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 19	$381M	$350M
Q2 20	$479M	$454M
Q1 22	$215M	$196M
Q2 22	$294M	$276M
Q3 22	$330M	$307M
Q4 22	$464M	$428M
Q1 23	$174M	$150M
Q2 23	$321M	$300M
Q3 23	$411M	$384M
Q4 23	$447M	$413M
Q1 24	$257M	$230M
Q2 24	$309M	$280M
Q3 24	$459M	$431M
Q4 24	$502M	$465M
Q1 25	$242M	$215M
Q2 25	$311M	$275M

Capital Expenditures

Quarter	CapEx
Q3 19	$31M
Q2 20	$26M
Q1 22	$19M
Q2 22	$18M
Q3 22	$23M
Q4 22	$36M
Q1 23	$25M
Q2 23	$21M
Q3 23	$28M
Q4 23	$34M
Q1 24	$26M
Q2 24	$29M
Q3 24	$28M
Q4 24	$37M
Q1 25	$27M
Q2 25	$37M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	+16.1%	+25.0%
Q2 20	-34.9%	-28.8%
Q1 22	-13.6%	-13.7%
Q2 22	-21.5%	-23.5%
Q3 22	-21.7%	-24.7%
Q4 22	+46.9%	+31.9%
Q1 23	+6.1%	+3.3%
Q2 23	+4.3%	+1.7%
Q3 23	+2.6%	+0.0%
Q4 23	+3.5%	+2.8%
Q1 24	+4.4%	+6.9%
Q2 24	+1.7%	+1.3%
Q3 24	+2.7%	+2.8%
Q4 24	+2.3%	+2.9%
Q1 25	-3.3%	-5.6%
Q2 25	-2.2%	+0.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 19	$17M	0.9%
Q2 20	$23M	2.2%
Q1 22	$20M	1.4%
Q2 22	$25M	1.7%
Q3 22	$23M	1.6%
Q4 22	$26M	1.7%
Q1 23	$27M	1.8%
Q2 23	$29M	1.9%
Q3 23	$30M	2.0%
Q4 23	$28M	1.8%
Q1 24	$29M	1.9%
Q2 24	$24M	1.6%
Q3 24	$28M	1.8%
Q4 24	$28M	1.7%
Q1 25	$28M	1.9%
Q2 25	$27M	1.8%

OpEx Breakdown

Quarter	R&D	SG&A
Q3 19	$119M	$546M
Q2 20	$77M	$403M
Q1 22	$99M	$481M
Q2 22	$100M	$485M
Q3 22	$101M	$491M
Q4 22	$101M	$500M
Q1 23	$100M	$490M
Q2 23	$100M	$514M
Q3 23	$98M	$504M
Q4 23	$99M	$537M
Q1 24	$104M	$561M
Q2 24	$101M	$525M
Q3 24	$102M	$522M
Q4 24	$107M	$559M
Q1 25	$105M	$515M
Q2 25	$109M	$523M

Revenue Segments

Quarter	Advanced Healthcare Solutions	Intelligent Operating Solutions	Precision Technologies
Q1 22	$327M	$595M	$462M
Q2 22	$334M	$630M	$499M
Q1 23	$313M	$632M	$516M
Q2 23	$336M	$653M	$537M
Q3 23	$320M	$644M	$531M
Q4 23	$352M	$683M	$549M
Q1 25	$302M	$671M	$501M
Q2 25	$320M	$676M	$524M

Revenue by Geography

Quarter	China	Countries Excluding United States and China	United States
Q3 19	$142M	$629M	$1.1B
Q1 22	$145M	$491M	$740M
Q2 22	$183M	$502M	$779M
Q3 22	$186M	$471M	$799M
Q4 22	$188M	$523M	$819M
Q1 23	$181M	$508M	$772M
Q2 23	$179M	$520M	$828M
Q3 23	$162M	$499M	$834M
Q4 23	$173M	$556M	$855M
Q1 24	$176M	$558M	$790M
Q2 24	$165M	$547M	$840M
Q3 24	$154M	$539M	$842M
Q4 24	$153M	$567M	$900M
Q1 25	$157M	$511M	$806M
Q2 25	$160M	$534M	$825M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$684M	$0	$684M
Q2 22	$683M	$0	$683M
Q3 22	$705M	$0	$705M
Q4 22	$709M	$0	$709M
Q1 23	$673M	$0	$673M
Q2 23	$713M	$0	$713M
Q3 23	$714M	$0	$714M
Q4 23	$1.9B	$0	$1.9B
Q1 24	$705M	$0	$705M
Q2 24	$644M	$0	$644M
Q3 24	$811M	$0	$811M
Q4 24	$813M	$0	$813M
Q1 25	$892M	$0	$892M
Q2 25	$1.8B	$0	$1.8B
Q3 25	$431M	$0	$431M
Q4 25	$376M	$0	$376M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 19	340M	+0.1%	-4.3%
Q2 20	340M	-0.1%	-4.4%
Q1 22	368M	+8.4%	+8.5%
Q2 22	360M	-2.3%	+5.9%
Q3 22	358M	-0.5%	+5.3%
Q4 22	357M	-0.3%	+5.0%
Q1 23	357M	-0.1%	-3.2%
Q2 23	356M	-0.3%	-1.2%
Q3 23	356M	+0.2%	-0.5%
Q4 23	355M	-0.4%	-0.6%
Q1 24	356M	+0.4%	-0.1%
Q2 24	355M	-0.3%	-0.2%
Q3 24	352M	-0.7%	-1.1%
Q4 24	348M	-1.2%	-1.8%
Q1 25	345M	-1.0%	-3.2%
Q2 25	342M	-0.8%	-3.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 19	$77.5K	24K
Q2 20	$41.7K	25K
Q1 22	$81.0K	17K
Q2 22	$86.1K	17K
Q3 22	$85.6K	17K
Q4 22	$90.0K	17K
Q1 23	$85.9K	17K
Q2 23	$89.8K	17K
Q3 23	$87.9K	17K
Q4 23	$93.2K	17K
Q1 24	$89.7K	17K
Q2 24	$91.3K	17K
Q3 24	$90.3K	17K
Q4 24	$95.3K	17K
Q1 25	$86.7K	17K
Q2 25	$89.3K	17K

Revenue / Employee