FTV
Fortive Corporation

Fortive CorporationFTV

Technology · Scientific & Technical Instruments
55.95USD
+1.56%
Sep 23, 2026
FTV overview ready
Fortive is a diversified healthcare-and-industrial workflow technology supplier; within healthcare, it is a direct operating enabler of sterile processing, instrument tracking, biomedical testing, radiation safety, and clinical workflow digitization rather than a pure-play provider.
Narrative is still early
Exposed to the Healthcare Provider Capacity and Workflow Modernization narrative through Sterile Processing and Procedural Workflow Systems — enabling supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
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 economic cycles affecting industrial capital spending.
Market Sep 22Filing Jul 3Price action Sep 22Research Sep 20

Conviction Level

NarrativeHeat6.0ThemeHeat5.0PriceAction5.4Valuation5.3CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$16.9B
Avg Volume (60D)
2.5M
60 sessions
Revenue Growth YoY
+1.9%
FY2025 vs FY2024
Gross Margin
+63.2%
Trailing twelve months
Operating Margin
+18.2%
Trailing twelve months
Free Cash Flow Yield
+5.5%
Distance from 200DMA
-3.7%
Next Earnings
2026-10-28
P/E
31.6x
EV / EBITDA
16.2x
EV / Sales
4.6x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jul 3, 2026
Filed balance-sheet data as of Jul 3, 2026

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 healthcare-and-industrial workflow technology supplier; within healthcare, it is a direct operating enabler of sterile processing, instrument tracking, biomedical testing, radiation safety, and clinical workflow digitization rather than a pure-play provider.
Opportunity
Moderate opportunity
Hospitals, ambulatory surgery centers, and laboratories invest in instrument sterilization, traceability, clinical workflow software, and related compliance systems to increase procedural capacity, reduce turnaround constraints, and protect care quality.
Key risk
Exposure to economic cycles affecting industrial capital spending.

Narrative & Theme

Healthcare Provider Capacity and Workflow Modernization
Part of Sterile Processing and Procedural Workflow Systems, with moderate fit.
Fortive is not a literal constituent of any active theme supplied in the promoted research context.
Narrative HeatNeutral6.0 / 10
Theme HeatNeutral5.0 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Scientific & Technical Instruments
What they do

Fortive Corporation designs, develops, manufactures, and markets scientific and technical instruments, software, and services globally through its Intelligent Operating Solutions and Advanced Healthcare Solutions segments.

How it earns

Primarily transactional sales of products and software, supplemented by recurring revenue from maintenance, repair, and software service contracts.

Products & services
Advanced instrumentation
Software applications
Maintenance and repair services
Connected worker safety solutions
Customers & end markets
Manufacturing and process industries
Healthcare
Utilities and power
Communications
Market position

Fortive is a diversified technology company positioned as a leader in scientific and technical instruments with a broad product and service portfolio.

Demand drivers
Medium cyclicality

Demand is influenced by industrial and healthcare capital spending cycles and broader economic conditions.

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