FTV - Fortive Corporation
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$65.33
DETAILS
HIGH:
$70.00
LOW:
$59.00
MEDIAN:
$66.00
CONSENSUS:
$65.33
UPSIDE:
5.29%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 5,142.6 | 6,231.8 | 6,065.3 | 5,825.7 | 5,254.7 | 4,634.4 | 4,563.9 | 6,452.7 | 5,756.1 | 6,224.3 | 6,178.8 | 6,337.2 | 5,961.9 | 5,785.3 |
| Cost of Revenue | 2,007.9 | 2,500.8 | 2,471.2 | 2,462.3 | 2,244.8 | 2,017.7 | 2,066.9 | 3,129.4 | 2,832.7 | 3,183.4 | 3,177.6 | 3,282.2 | 3,087.8 | 3,001.8 |
| Gross Profit | 3,134.7 | 3,731 | 3,594.1 | 3,363.4 | 3,009.9 | 2,616.7 | 2,497 | 3,323.3 | 2,923.4 | 3,040.9 | 3,001.2 | 3,055 | 2,874.1 | 2,783.5 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 342.3 | 414 | 397.8 | 401.5 | 354.8 | 320.7 | 320.3 | 414.3 | 369.3 | 384.8 | 377.7 | 387.6 | 378.3 | 352.7 |
| SG&A Expenses | 1,883.5 | 2,140.3 | 2,062.6 | 1,956.6 | 1,823.6 | 1,645.8 | 1,647.4 | 1,723.6 | 1,392.5 | 1,388 | 1,329.5 | 1,394.1 | 1,324.3 | 1,260.4 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 2,225.8 | 2,554.3 | 2,460.4 | 2,358.1 | 2,178.4 | 1,966.5 | 1,967.7 | 2,137.9 | 1,761.8 | 1,772.8 | 1,707.2 | 1,781.7 | 1,702.6 | 1,613.1 |
| Operating Income | ||||||||||||||
| Operating Income | 908.9 | 1,176.7 | 1,133.7 | 1,005.3 | 831.5 | 650.2 | 529.3 | 1,185.4 | 1,161.6 | 1,268.1 | 1,294 | 1,273.3 | 1,171.5 | 1,170.4 |
| Interest Expense | 120.5 | 152.8 | 123.5 | 98.3 | 103.2 | 148.5 | 142.6 | 97 | 88.7 | 49 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 1,200.4 | 1,666.3 | 1,571.1 | 1,437.4 | 1,176.2 | 2,040.2 | 820.8 | 1,436.2 | 1,320.6 | 1,422.4 | 1,446.6 | 1,457.2 | 1,302.9 | 1,272.8 |
| EBIT | 874.4 | 1,122.4 | 1,114.3 | 971.8 | 780.7 | 1,656.2 | 479.3 | 1,175.4 | 1,162.3 | 1,246 | 1,269.7 | 1,279.2 | 1,143.2 | 1,127.8 |
| Income Before Tax | 753.9 | 969.6 | 990.8 | 873.5 | 677.5 | 1,507.7 | 336.7 | 1,078.4 | 1,073.6 | 1,197 | 1,269.7 | 1,279.2 | 1,143.2 | 1,127.8 |
| Income Tax Expense | 112.7 | 136.7 | 125 | 118.3 | 63.3 | 55.5 | 68.6 | 160.1 | 189.3 | 324.7 | 405.9 | 395.8 | 312.3 | 364.1 |
| Net Income | 579.2 | 832.9 | 865.8 | 755.2 | 608.4 | 1,613.3 | 738.9 | 2,913.8 | 1,044.5 | 872.3 | 863.8 | 883.4 | 830.9 | 763.7 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 1.75 | 2.39 | 2.46 | 2.12 | 1.64 | 4.58 | 2.20 | 8.43 | 3.01 | 2.52 | 2.50 | 2.56 | 2.41 | 2.21 |
| EPS (Diluted) | 1.74 | 2.36 | 2.43 | 2.09 | 1.63 | 4.30 | 2.17 | 8.31 | 2.96 | 2.51 | 2.50 | 2.56 | 2.41 | 2.21 |
| Shares Outstanding | 316.4 | 349.2 | 352.5 | 356.4 | 349 | 337.4 | 335.8 | 345.5 | 347.5 | 345.7 | 345.2 | 345.2 | 345.2 | 345.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||
| Cash & Cash Equivalents | 375.5 | 813.3 | 1,888.8 | 709.2 | 819.3 | 1,824.8 | 1,205.2 | 1,178.4 | 962.1 | 803.2 | 0 | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 1,119.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 683.6 | 945.4 | 960.8 | 958.5 | 930.2 | 810.3 | 890.7 | 1,195.1 | 1,020.5 | 945.4 | 979.3 | 956.3 | 911.5 |
| Inventory | 291.8 | 544.8 | 536.9 | 536.7 | 512.7 | 455.5 | 640.3 | 574.5 | 580.6 | 544.6 | 522.9 | 511.2 | 494.5 |
| Other Current Assets | 254.8 | 118 | 285.1 | 272.6 | 0 | 30.4 | 838.1 | 30 | 203.8 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1,605.7 | 2,592.3 | 3,671.6 | 2,477 | 2,514.9 | 4,446.9 | 3,688.8 | 3,171.2 | 2,936.8 | 2,488.7 | 1,594.1 | 1,683.4 | 1,655 |
| Non-Current Assets | |||||||||||||
| Property, Plant & Equipment | 269.8 | 433.1 | 439.8 | 421.9 | 395.5 | 610.7 | 585 | 576.1 | 610.4 | 547.6 | 514.8 | 480.8 | 454.8 |
| Goodwill | 7,298.3 | 10,156 | 9,121.7 | 9,048.5 | 9,152 | 7,359.2 | 8,399.3 | 6,133.1 | 5,098.5 | 3,979 | 3,949 | 3,995.1 | 3,989.7 |
| Intangible Assets | 2,188.4 | 3,340 | 3,159.8 | 3,487.4 | 3,890.2 | 3,290.6 | 3,845 | 2,476.3 | 1,276 | 747.3 | 759 | 857.5 | 852.1 |
| Long-Term Investments | 0 | 59 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 375.5 | 435.7 | 518.9 | 455.8 | 512.9 | 344.1 | 2,353 | 548.9 | 1,136.7 | 427.2 | 393.7 | 338.8 | 288.5 |
| Total Non-Current Assets | 10,132 | 14,423.8 | 13,240.2 | 13,413.6 | 13,950.6 | 11,604.6 | 13,750.2 | 9,734.4 | 7,563.8 | 5,701.1 | 5,616.5 | 5,672.2 | 5,585.1 |
| Total Assets | 11,737.7 | 17,016.1 | 16,911.8 | 15,890.6 | 16,465.5 | 16,051.5 | 17,439 | 12,905.6 | 10,500.6 | 8,189.8 | 7,210.6 | 7,355.6 | 7,240.1 |
| Current Liabilities | |||||||||||||
| Account Payables | 436.4 | 677.4 | 608.6 | 623 | 557.9 | 480.8 | 449 | 706.5 | 629 | 666.2 | 657.1 | 623.4 | 616.9 |
| Short-Term Debt | 899.5 | 376.2 | 0 | 999.7 | 2,151.7 | 1,399.8 | 1,500 | 455.6 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 553.2 | 544.6 | 509.6 | 457.6 | 376.4 | 323 | 288.1 | 211.4 | 204.6 | 177.3 | 165.3 | 155 |
| Other Current Liabilities | 910.7 | 407.4 | 427.3 | 378.6 | 399.9 | 434.4 | 1,021.1 | 435.5 | 552.1 | 393.2 | 303.4 | 296.4 | 279.5 |
| Total Current Liabilities | 2,246.6 | 2,238.4 | 1,791.3 | 2,727.1 | 3,714.9 | 2,860.8 | 3,467.2 | 2,192.1 | 1,602.3 | 1,466.5 | 1,323.5 | 1,285 | 1,276.9 |
| Non-Current Liabilities | |||||||||||||
| Long-Term Debt | 2,306.5 | 3,331.1 | 3,646.2 | 2,251.6 | 1,807.3 | 2,830.3 | 4,826.2 | 2,974.7 | 4,056.2 | 3,358 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 723.5 | 1,059.3 | 976.9 | 1,054.3 | 1,252.6 | 1,199.2 | 1,575.6 | 1,033.3 | 947.2 | 594.2 | 620.7 | 739.3 | 747.8 |
| Total Non-Current Liabilities | 3,030 | 4,582.1 | 4,795.2 | 3,474.9 | 3,233.6 | 4,218 | 6,571.6 | 4,100.6 | 5,090.1 | 4,032.3 | 704.6 | 838.1 | 838.1 |
| Total Liabilities | 5,276.6 | 6,820.5 | 6,586.5 | 6,202 | 6,948.5 | 7,078.8 | 10,038.8 | 6,292.7 | 6,692.4 | 5,498.8 | 2,028.1 | 2,123.1 | 2,115 |
| Stockholders' Equity | |||||||||||||
| Common Stock | 3.7 | 3.7 | 3.6 | 3.6 | 3.6 | 3.4 | 3.4 | 3.4 | 3.5 | 3.5 | 5,193.9 | 5,129.8 | 4,850.6 |
| Retained Earnings | 5,428.5 | 8,227.6 | 7,505.9 | 6,742.1 | 6,023.6 | 5,547.4 | 4,128.8 | 3,552.7 | 1,350.3 | 403 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 41 | (465.4) | (326.1) | (325.7) | (185) | (141.1) | (56.3) | (86.6) | (7.6) | (145.8) | (14.4) | 99.5 | 272.8 |
| Total Stockholders' Equity | 6,453.4 | 10,188.6 | 10,318.9 | 9,683.4 | 9,512.2 | 8,964.2 | 7,387 | 6,595.5 | 3,790.3 | 2,687.9 | 5,179.5 | 5,229.3 | 5,123.4 |
| Total Liabilities & Equity | 11,737.7 | 17,016.1 | 16,911.8 | 15,890.6 | 16,465.5 | 16,051.5 | 17,439 | 12,905.6 | 10,500.6 | 8,189.8 | 7,210.6 | 7,355.6 | 7,240.1 |
| Debt Metrics | |||||||||||||
| Total Debt | 3,206 | 3,876.9 | 3,810.1 | 3,420.7 | 4,143.5 | 4,431.4 | 6,502.1 | 3,430.3 | 4,056.2 | 3,358 | 0 | 0 | 0 |
| Net Debt | 2,830.5 | 3,063.6 | 1,921.3 | 2,711.5 | 3,324.2 | 2,606.6 | 5,296.9 | 2,251.9 | 3,094.1 | 2,554.8 | 0 | 0 | 0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | 579.2 | 832.9 | 865.8 | 755.2 | 614.2 | 1,452.2 | 725.4 | 918.3 | 1,044.5 | 872.3 | 863.8 | 883.4 | 830.9 | 763.7 |
| Depreciation & Amortization | 437.6 | 543.9 | 456.8 | 465.6 | 395.5 | 384 | 426.2 | 260.8 | 174.1 | 176.4 | 176.9 | 178 | 159.7 | 145 |
| Stock-Based Compensation | 116.8 | 109.2 | 113.3 | 93.8 | 77.4 | 62.6 | 61.4 | 50.8 | 48.6 | 45.3 | 35.2 | 30.8 | 28.8 | 28.6 |
| Change in Working Capital | (399.9) | 103.9 | 21.8 | (20.6) | (111.5) | 203.4 | 112.7 | (29.7) | (69.8) | 38.1 | (78.9) | (111.6) | 10.8 | 6.7 |
| Other Non-Cash Items | 399.4 | 1.9 | 0 | 71.3 | (29.9) | (567.9) | (40.8) | 136.5 | 57.2 | 14.8 | 12 | (33.9) | 0 | 0 |
| Operating Cash Flow | 1,083.2 | 1,526.8 | 1,353.6 | 1,303.2 | 961.1 | 1,436.7 | 1,271.4 | 1,344.4 | 1,176.4 | 1,136.9 | 1,009 | 946.7 | 1,030.2 | 944 |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (105.1) | (120.4) | (107.8) | (95.8) | (50) | (75.7) | (112.5) | (112.3) | (136.1) | (129.6) | (120.1) | (102.6) | (81.1) | (69.6) |
| Acquisitions | (25.7) | (1,721.8) | (95.8) | (3.2) | (2,570.1) | (40.4) | (3,943.9) | (2,815.1) | (1,556.6) | (190.1) | (37.1) | (202.3) | (433.8) | (286.6) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (4.6) | 46.2 | 8.2 | (3.5) | 4.5 | (32.3) | 1.8 | 960.8 | 23 | 8.9 | (16.9) | 13.8 | 3.5 | 7.8 |
| Investing Cash Flow | (135.4) | (1,796) | (195.4) | (102.5) | (2,615.6) | (148.4) | (4,054.6) | (1,966.6) | (1,669.7) | (310.8) | (174.1) | (291.1) | (511.4) | (348.4) |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | (714.8) | 137 | 389.2 | (723.9) | 753.6 | (2,131) | 2,952.7 | (108.7) | 682.1 | 3,351.9 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (1,610.1) | (889.6) | (272.9) | (442.9) | 0 | 0 | 0 | 1,483.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (92.2) | (111.2) | (102) | (99.5) | (132.2) | (163.4) | (162.8) | (131.5) | (97.2) | (3,048.4) | 0 | 0 | 0 | 0 |
| Other Financing Activities | 1,030.5 | 71.1 | 18 | (6.7) | 30.6 | 1,598.3 | 13 | 1,119.3 | 14.8 | (299.7) | (834.9) | (655.6) | (518.8) | (595.6) |
| Financing Cash Flow | (1,386.6) | (792.7) | 32.3 | (1,273) | 652 | (696.1) | 2,802.9 | 879.1 | 599.7 | 3.8 | (834.9) | (655.6) | (518.8) | (595.6) |
| Cash Position | ||||||||||||||
| Net Change in Cash | (437.8) | (1,075.5) | 1,179.6 | (110.1) | (1,005.5) | 619.6 | 26.8 | 216.3 | 158.9 | 803.2 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 813.3 | 1,888.8 | 709.2 | 819.3 | 1,824.8 | 1,205.2 | 1,178.4 | 962.1 | 803.2 | 0 | 0 | 0 | 0 | 0 |
| Cash at End | 375.5 | 813.3 | 1,888.8 | 709.2 | 819.3 | 1,824.8 | 1,205.2 | 1,178.4 | 962.1 | 803.2 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 978.1 | 1,406.4 | 1,245.8 | 1,207.4 | 911.1 | 1,361 | 1,158.9 | 1,232.1 | 1,040.3 | 1,007.3 | 888.9 | 844.1 | 949.1 | 874.4 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 5,142.6 | 6,231.8 | 6,065.3 | 5,825.7 | 5,254.7 | 4,634.4 | 4,563.9 | 6,452.7 | 5,756.1 | 6,224.3 | 6,178.8 | 6,337.2 | 5,961.9 | 5,785.3 |
| Gross Profit | 3,134.7 | 3,731 | 3,594.1 | 3,363.4 | 3,009.9 | 2,616.7 | 2,497 | 3,323.3 | 2,923.4 | 3,040.9 | 3,001.2 | 3,055 | 2,874.1 | 2,783.5 |
| Operating Income | 908.9 | 1,176.7 | 1,133.7 | 1,005.3 | 831.5 | 650.2 | 529.3 | 1,185.4 | 1,161.6 | 1,268.1 | 1,294 | 1,273.3 | 1,171.5 | 1,170.4 |
| Net Income | 579.2 | 832.9 | 865.8 | 755.2 | 608.4 | 1,613.3 | 738.9 | 2,913.8 | 1,044.5 | 872.3 | 863.8 | 883.4 | 830.9 | 763.7 |
| EPS (Diluted) | 1.74 | 2.36 | 2.43 | 2.09 | 1.63 | 4.30 | 2.17 | 8.31 | 2.96 | 2.51 | 2.50 | 2.56 | 2.41 | 2.21 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 375.5 | 813.3 | 1,888.8 | 709.2 | 819.3 | 1,824.8 | 1,205.2 | 1,178.4 | 962.1 | 803.2 | 0 | 0 | 0 | |
| Total Assets | 11,737.7 | 17,016.1 | 16,911.8 | 15,890.6 | 16,465.5 | 16,051.5 | 17,439 | 12,905.6 | 10,500.6 | 8,189.8 | 7,210.6 | 7,355.6 | 7,240.1 | |
| Total Debt | 3,206 | 3,876.9 | 3,810.1 | 3,420.7 | 4,143.5 | 4,431.4 | 6,502.1 | 3,430.3 | 4,056.2 | 3,358 | 0 | 0 | 0 | |
| Stockholders' Equity | 6,453.4 | 10,188.6 | 10,318.9 | 9,683.4 | 9,512.2 | 8,964.2 | 7,387 | 6,595.5 | 3,790.3 | 2,687.9 | 5,179.5 | 5,229.3 | 5,123.4 | |
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 1,083.2 | 1,526.8 | 1,353.6 | 1,303.2 | 961.1 | 1,436.7 | 1,271.4 | 1,344.4 | 1,176.4 | 1,136.9 | 1,009 | 946.7 | 1,030.2 | 944 |
| Capital Expenditure | (105.1) | (120.4) | (107.8) | (95.8) | (50) | (75.7) | (112.5) | (112.3) | (136.1) | (129.6) | (120.1) | (102.6) | (81.1) | (69.6) |
| Free Cash Flow | 978.1 | 1,406.4 | 1,245.8 | 1,207.4 | 911.1 | 1,361 | 1,158.9 | 1,232.1 | 1,040.3 | 1,007.3 | 888.9 | 844.1 | 949.1 | 874.4 |