Fortive (FTV) stock
Industrials · Industrial Machinery & Supplies & Components
Fortive (FTV) is an Industrial Machinery & Supplies & Components company in the Industrials sector, headquartered in Everett, Washington. As of October 23, 2026, FTV closed at $60.25, a market capitalization of $18.20 billion, the 420th largest company in the S&P 500. Over the last twelve months it generated $4.32 billion in revenue (+8% year over year) and $1.05 billion in free cash flow. The stock trades at 31.7x trailing earnings and 18.5x forward earnings.
- 1-year total return: +22.0% (dividends reinvested)
- 5-year return: +1.9% a year
- 52-week range: $48.98 – $64.56
- Gross margin 63.2%, operating margin 19.1%
- Dividend yield: 0.46%
- FI Handbook report card: B- across 10 metrics
- 67th largest of 83 Industrials stocks in the S&P 500
FTV price chart
1Y price change: +21.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| FTV | +7.1% | +9.5% | +22.0% | +5.0% | +1.9% | +7.4% | +7.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2016.
FTV key statistics
- Market cap
- $18.2B
- #420 in S&P 500
- P/E (TTM)
- 31.7x
- Forward P/E
- 18.5x
- EPS (TTM)
- $1.90
- Revenue (TTM)
- $4.3B
- +8%
- Free cash flow
- $1.1B
- Gross margin
- 63.2%
- Operating margin
- 19.1%
- Return on equity
- 7.3%
- Dividend yield
- 0.46%
- 52-week range
- $48.98 – $64.56
- Beta
- 0.99
- Price / sales
- 4.2x
- EV / EBITDA
- 17.4x
- Debt / equity
- 0.59x
- Employees
- 10,000
FTV report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth7.9%C
- Gross margin63.2%A
- Operating margin19.1%C
- FCF margin24.4%B
- Return on equity7.3%D
- Net debt / EBITDA2.6xD
- Forward P/E18.5xB
- PEG ratio1.0xA
- Shareholder yield9.3%A
- Share count change / yr-6.8%A
Fortive financials
Revenue went from $5.4B in fiscal 2016 to $4.2B in fiscal 2025, shrinking 2.8% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.4B | $5.8B | $3.8B | $4.6B | $4.6B | $5.3B | $5.8B | $3.9B | $4.1B | $4.2B |
| Gross profit | $2.7B | $2.9B | $2.2B | $2.5B | $2.6B | $3.0B | $3.4B | $2.5B | $2.6B | $2.6B |
| Operating income | $1.1B | $1.1B | $645.3M | $443.9M | $539.4M | $812.8M | $987.4M | $574.0M | $716.3M | $720.2M |
| Net income | $872.3M | $1.0B | $2.9B | $738.9M | $1.6B | $608.4M | $755.2M | $865.8M | $832.9M | $579.2M |
| EPS (diluted) | $1.58 | $1.87 | $6.19 | $1.48 | $3.38 | $1.23 | $1.58 | $2.43 | $2.36 | $1.73 |
| Free cash flow | $1.0B | $1.1B | $1.3B | $1.2B | $1.4B | $911.1M | $1.2B | $1.3B | $1.4B | $978.1M |
| Buybacks | — | — | — | — | $0 | $0 | $442.9M | $272.9M | $889.6M | $1.6B |
| Dividends paid | $48.4M | $97.2M | $96.6M | $93.8M | $94.4M | $97.7M | $99.5M | $102.0M | $111.2M | $92.2M |
| Diluted shares | 550.7M | 559.1M | 465.4M | 451.2M | 476.4M | 467.5M | 478.8M | 355.6M | 352.8M | 334.6M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into FTV?
A reverse DCF asks what growth the current price requires. With an enterprise value of $21.4B and $1.1B of trailing free cash flow, Fortive needs to grow free cash flow about 11.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -6.4% a year over the last five years.
P/E ratio history
Current 34.8x vs. median 25.2x (10th–90th percentile 14.8x–35.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
FTV dividend
- Dividend yield
- 0.46%
- Annual dividend
- $0.28
- Years of increases
- —
- 5-yr dividend growth
- 5.4%
- per year
- Payout ratio
- 13%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
FTV analyst price targets
14 analysts' average 12-month target is $62.79 (+4% vs. $60.25). Targets range from $51.00 to $72.00. 25% rate it a buy.
FTV earnings
Next report: October 28, 2026. Fortive has beaten EPS estimates 4 quarters in a row. Last quarter's revenue was $1.1B (+8% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 29, 2026 | $0.71 | $0.74 | +4.9% |
| Apr 30, 2026 | $0.64 | $0.70 | +8.9% |
| Feb 4, 2026 | $0.84 | $0.90 | +7.4% |
| Oct 29, 2025 | $0.57 | $0.68 | +19.5% |
| Jul 30, 2025 | $0.59 | $0.58 | -2.1% |
| May 1, 2025 | $0.85 | $0.85 | -0.2% |
| Feb 7, 2025 | $1.12 | $1.17 | +4.4% |
| Oct 30, 2024 | $0.93 | $0.97 | +4.2% |
Stocks like FTV
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|---|---|---|---|---|---|
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FTV news
- What to Expect From Fortive's Q3 2026 Earnings Report · Oct 21, 2026
- Accruent Survey: Nearly 6 in 10 Say Campus Repair Backlogs or Disruptions Could Affect if They Attend or Recommend a College · Oct 20, 2026
- Fortive Schedules Third Quarter 2026 Earnings Conference Call · Sep 30, 2026
- 1 Mid-Cap Stock to Consider Right Now and 2 Facing Challenges · Sep 22, 2026
- 1 Industrials Stock with Exciting Potential and 2 That Underwhelm · Sep 18, 2026
FTV stock FAQ
What is FTV's market cap?
Fortive's market capitalization is $18.20 billion as of October 23, 2026, ranking 420th in the S&P 500.
What is FTV's P/E ratio?
FTV trades at a trailing price-to-earnings ratio of 31.7x and a forward P/E of 18.5x. Its median P/E over the period we track is 25.2x.
Does FTV pay a dividend?
Yes. Fortive pays $0.28 per share a year, a 0.46% yield. Dividends grew 5.4% a year over the last five years.
How much has FTV stock returned?
Including reinvested dividends, FTV returned +22.0% over one year, +1.9% a year over five years, +7.4% a year over ten years through October 23, 2026.
Is FTV stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Fortive must grow free cash flow about 11% a year for the next decade. Its free cash flow fell 6% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the FTV price target?
14 analysts cover FTV with an average 12-month price target of $62.79, +4% from the current price. 25% of them rate it a buy.
When does FTV report earnings?
Fortive is expected to report earnings on October 28, 2026. It has beaten EPS estimates 4 quarters in a row.
How many employees does Fortive have?
Fortive has about 10,000 full-time employees, or $431,580 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology