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Fortive Corporation designs, develops, manufactures, and markets products, software, and services in the United States, China, and internationally. It operates through Intelligent Operating Solutions and Advanced Healthcare Solutions segments. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including maintenance, repair, measurement and condition monitoring, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries. This segment markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, and SERVICECHANNEL brand names. The Advanced Healthcare Solutions segment provides critical workflow solutions comprising instrument sterilization, instrument tracking, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software and solutions under the ASP, CENSIS, FLUKE BIOMEDICAL, LANDAUER, and PROVATION brand names. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.2B | $1.2B | $579M | $1.1B | 9.0% | 1.9% | -30.5% |
| 2024 | $4.1B | $1.1B | $833M | $1.5B | 8.2% | 4.3% | -3.8% |
| 2023 | $3.9B | $983M | $866M | $1.4B | 8.4% | -32.8% | 14.6% |
| 2022 | $5.8B | $1.4B | $755M | $1.2B | 7.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 5,825.70 | 3,913.90 | 4,080.90 | 4,159.10 |
| Cost Of Revenue | - | 2,462.30 | 1,436.80 | 1,461.80 | 1,518 |
| Gross Profit | - | 3,363.40 | 2,477.10 | 2,619.10 | 2,641.10 |
| Operating Expense | - | 2,358.10 | 1,903.10 | 1,902.80 | 1,920.90 |
| Operating Income | - | 1,005.30 | 574 | 716.30 | 720.20 |
| EBITDA | - | 1,437.40 | 982.80 | 1,090 | 1,160.30 |
| EBIT | - | 971.80 | 556.60 | 659.10 | 722.70 |
| Pretax Income | - | 873.50 | 433.10 | 506.30 | 602.20 |
| Tax Provision | - | 118.30 | 24.70 | 23.80 | 69.50 |
| Net Income | - | 755.20 | 865.80 | 832.90 | 579.20 |
| Net Income Common Stockholders | - | 757 | 865.80 | 832.90 | 579.20 |
| Total Expenses | - | 4,820.40 | 3,339.90 | 3,364.60 | 3,438.90 |
| Interest Expense | - | 98.30 | 123.50 | 152.80 | 120.50 |
| Research And Development | - | 401.50 | 237 | 251.30 | 259.20 |
| Selling General And Administration | - | 1,956.60 | 1,666.10 | 1,651.50 | 1,661.70 |
| Normalized EBITDA | - | 1,455.30 | 982.80 | 1,090 | 1,160.30 |
| Normalized Income | - | 770.68 | 408.40 | 482.50 | 532.70 |
| Market Cap | 18,807.12 | 18,807.12 | 18,807.12 | 18,807.12 | 18,807.12 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Fortive Corporationthis co. | FTV | $20.3B | 32.47↑ premium | 2.91 | 9.0% | 18.73 |
| NetApp, Inc. | NTAP | $22.2B | 18.15 | 20.70 | 114.0% | 13.18 |
| Corpay, Inc. | CPAY | $22.0B | 19.34 | 5.33 | 27.5% | 12.09 |
| First Solar, Inc. | FSLR | $20.8B | 13.62 | 2.18 | 16.0% | 8.67 |
| HP Inc. | HPQ | $18.7B | 7.18 | -52.51 |
| - |
| - |
| - |
| - |
| - |
| -730.9% |
| 6.13 |
| Leidos Holdings, Inc. | LDOS | $18.7B | 12.75 | 3.76 | 29.5% | 9.40 |
| Broadridge Financial Solutions, Inc. | BR | $18.2B | 21.57 | 6.82 | 31.6% | 13.80 |
| CDW Corporation | CDW | $17.8B | 16.37 | 6.70 | 40.9% | 11.60 |
| F5, Inc. | FFIV | $17.6B | 24.75 | 4.77 | 19.3% | 18.16 |
| Peer Median | - | 17.26 | 5.05 | 28.5% | 11.85 | |