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Fortive
FTV · NYSEIndustrials
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Inputscomponents, cloud & capit…OperatorFortive at the centreProducts &softwarewhat its brands make & runChannel &deliveryhow it reaches usersCustomers &end marketswho paysCMPElectronics & sensorsCMContract manufacturersCICloud infrastructureC&ICapital & investorsFTVFortiveT&MTest & measurement instrumentsIOSFacility & asset softwareAHSHealthcare workflowDSTDistributors & resellersSUBSubscription deliveryMFGManufacturers & utilitiesGWWW.W. GraingerFACFacility & multi-site ownersHOSPHospitals & health systems
Company details
Market cap
$18.6B
P/E ratio
37×
Div yield
0.4%
Adj. EPS (FY25)
$2.71
Op. margin
17%
Rev. growth
+2%
Revenue (FY25)
$4.16B
Free cash flow
$931M
In plain English
Fortive is a focused industrial-technology company built by serial acquisition out of Danaher: it sells the test instruments, gas detectors and facility/asset software that keep factories, buildings and utilities running (Fluke, Industrial Scientific, Accruent, Gordian, ServiceChannel), and the sterilization, instrument-tracking and clinical-documentation tools that keep hospitals safe (ASP, Censis, Provation, Landauer). After spinning off Ralliant in mid-2025 it is a leaner, higher-margin, software-and-recurring-revenue compounder run on the Fortive Business System.
In simple terms
What Fortive really sells
Fortive is a focused industrial-technology company built by serial acquisition out of Danaher: it sells the test instruments, gas detectors and facility/asset software that keep factories, buildings and utilities running (Fluke, Industrial Scientific, Accruent, Gordian, ServiceChannel), and the sterilization, instrument-tracking and clinical-documentation tools that keep hospitals safe (ASP, Censis, Provation, Landauer). After spinning off Ralliant in mid-2025 it is a leaner, higher-margin, software-and-recurring-revenue compounder run on the Fortive Business System.
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Risk read
Moderate
SteadierMore speculative
Why this rating?