FTV
Fortive Corporation

Fortive CorporationFTV

Technology · Scientific & Technical Instruments
65.37USD
-0.08%
Nov 08, 2026
FTV overview ready
Provider of Connected Industrial Reliability and Safety Solutions
Fortive is a diversified enabler of connected industrial reliability and safety workflows rather than a pure-play automation vendor.
Primary theme is lagging
Test & Measurement is lagging (-2.7pp vs SPY over 21 sessions; 2 of 5 members ahead of SPY).
Advancing price action
Longer-term context reads established trend, with a near-term setup of daily reclaim.
Fair valuation
The price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Exposure to industrial capital spending cycles.
Market Nov 6Filing Oct 2Price action Nov 7Research Oct 5

Conviction Level

PriceAction8.9BusinessPerformance7.0BusinessQuality7.5Valuation6.0ThemeMomentum1.0Improving — Revenue is growing at a steady pace (+7.8% year over year). Diluted EPS growth has strengthened to +256% year over year ($0.57), up from -12%. That earnings comparison is against a weak year-ago quarter. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−2.7pp
Theme return
−7.7%
Beating SPY
2 of 5
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads established trend, with a near-term setup of daily reclaim.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$19.5B
Avg Volume (60D)
2.6M
60 sessions
Revenue Growth YoY
+1.9%
FY2025 vs FY2024
Gross Margin
+63.5%
Trailing twelve months
Operating Margin
+19.6%
Trailing twelve months
Free Cash Flow Yield
+5.6%
Distance from 200DMA
+11.0%
P/E
29.8x
EV / EBITDA
17.2x
EV / Sales
5.1x
Market metrics as of Nov 6, 2026
Financial results for the period ended Oct 2, 2026
Filed balance-sheet data as of Oct 2, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+7.8% year over year). Diluted EPS growth has strengthened to +256% year over year ($0.57), up from -12%. That earnings comparison is against a weak year-ago quarter.

Latest reported: Q3 FY2026, ended Oct 2
Revenue growthGrowing
+7.8%
$1.11B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +4.6%
  2. +7.7%
  3. +7.9%
  4. +7.8%
Earnings growthAccelerating
+256%
Diluted EPS $0.57 vs $0.16 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. -3.3%
  2. -12%
  3. +4.1%
  4. +256%
Operating marginExpanding
21.3%
+5.8 pp YoY · gross margin 64.2% (+0.9 pp)
The comparison is against a weak year-ago quarter

Business Quality

7.5 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

All three valuation perspectives agree this company is fair.
Fortive Corporation has a Fair valuation stance because the price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.

Company Research

Thesis
Fortive is a diversified enabler of connected industrial reliability and safety workflows rather than a pure-play automation vendor.
Opportunity
Moderate opportunity
Industrial operators' adoption of connected sensing, asset-performance workflows, predictive maintenance, facilities software, and real-time worker-safety systems to reduce downtime, improve compliance, and raise labor productivity.
Key risk
Exposure to industrial capital spending cycles.

Economic classification

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Business & Markets

Technology · Scientific & Technical Instruments
What they do

Fortive Corporation designs, manufactures, and markets industrial products, software, and services globally, operating through Intelligent Operating Solutions and Advanced Healthcare Solutions segments.

How it earns

Primarily transactional sales of products combined with recurring revenue from software and service contracts.

Products & services
Advanced instrumentation and measurement tools
Asset and facilities lifecycle software
Connected worker safety and compliance solutions
Gas detection and safety monitoring devices
Customers & end markets
Industrial manufacturers and process industries
Healthcare providers
Utilities and power companies
Construction and environmental compliance sectors
Market position

Diversified enabler in connected industrial reliability and safety workflows, not a pure-play automation vendor.

Demand drivers
Medium cyclicality

Demand tied to industrial capital spending and maintenance cycles, which fluctuate with economic conditions.