Stocktoria

Fortive Corp FTV

NYSE · stock · Industrial Instruments For Measurement, Display, and Control · website · IPO 2016-06-13 · LEI

Fortive Corp statistics & valuation

Market cap$18.7B
P / E32.4×
P / S4.5×
P / B2.9×
P / FCF19.2×
Dividend yield0.49%
Net margin13.9%
Return on equity9.0%
FCF margin23.5%
Net debt$2.8B
Net debt / EBITDA2.4×
Enterprise value USD$21.6B
EV / EBITDA18.6×
Earnings yield EBIT/EV3.3%
Return on capital7.6%
Graham number -55.5%$27.42

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($27.42); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
13.00% 22.10% 20.40% 13.90% 2016201720182019202020212022202320242025
Gross margin (%)
43.10% 43.90% 33.90% 54.40% 56.30% 57.20% 57.70% 63.30% 64.20% 63.50% 2016201720182019202020212022202320242025
Operating margin (%)
17.10% 17.20% 10.00% 9.70% 11.60% 15.50% 16.90% 14.70% 17.60% 17.30% 2016201720182019202020212022202320242025
Return on equity (%)
7.80% 8.40% 8.20% 9.00% 2016201720182019202020212022202320242025
Shares outstanding
347.3M 352.6M 350.7M 340.0M 359.0M 359.1M 360.8M 355.6M 352.8M 334.6M 2016201720182019202020212022202320242025
Net debt ($)
$2.55B $3.09B $2.25B $5.12B $2.41B $3.14B $2.54B $1.76B $2.89B $2.83B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.80% 5.10% 4.90% 4.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
16.50% 16.00% 19.80% 26.20% 29.40% 17.90% 20.70% 32.60% 35.30% 23.50% 2016201720182019202020212022202320242025
Debt / equity (×)
1.25× 1.07× 0.52× 0.85× 0.47× 0.42× 0.34× 0.35× 0.36× 0.50× 2016201720182019202020212022202320242025
EPS ($)
$2.51 $2.96 $8.21 $1.97 $4.49 $1.63 $2.10 $2.43 $2.36 $1.73 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Fortive Corp trades at about 35.6× earnings — above its 10-year norm (10-year range 5.8×–32.6×, median 24.2×).

5.8× 35.6×

Shaded band = 10-year range (5.8×–32.6×); dot = today's 35.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin63.5%64.2%63.3%57.7%57.2%56.3%54.4%33.9%43.9%43.1%
Operating margin17.3%17.6%14.7%16.9%15.5%11.6%9.7%10.0%17.2%17.1%
Net margin13.9%20.4%22.1%13.0%——————
FCF margin23.5%35.3%32.6%20.7%17.9%29.4%26.2%19.8%16.0%16.5%
Return on assets4.9%4.9%5.1%4.8%——————
Return on equity9.0%8.2%8.4%7.8%——————
Debt / equity0.50×0.36×0.35×0.34×0.42×0.47×0.85×0.52×1.07×1.25×
Current ratio0.711.162.050.910.681.551.061.451.831.70

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.