FTV Stock - Fortive Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $6.23B | $6.07B | $5.83B | $5.25B | $4.63B |
| Gross Profit | $3.73B | $3.59B | $3.36B | $3.01B | $2.62B |
| Gross Margin | 59.9% | 59.3% | 57.7% | 57.3% | 56.5% |
| Operating Income | $1.18B | $1.13B | $1.01B | $831.50M | $650.20M |
| Net Income | $832.90M | $865.80M | $755.20M | $608.40M | $1.61B |
| Net Margin | 13.4% | 14.3% | 13.0% | 11.6% | 34.8% |
| EPS | $2.39 | $2.46 | $2.12 | $1.64 | $4.58 |
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others. It markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The company's Precision Technologies segment provides electrical test and measurement instruments and services; energetic material devices; and sensor and control system solutions for power and energy, medical equipment, food and beverage, aerospace and defense, off-highway vehicles, electronics, semiconductors, and other general industrial markets. This segment markets its products under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands. Its Advanced Healthcare Solutions segment offers hardware and software products and services, including instrument and device reprocessing, instrument tracking, biomedical test tools, radiation safety monitoring, and asset management services; subscription-based surgical inventory management systems to facilitate inventory management and regulatory compliance, as well as technical, analytical, and compliance services to determine radiation exposure services under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, RAYSAFE, and STERRAD brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| January 5th 2026 | Mizuho | Downgrade | Underperform | $51 |
| October 15th 2025 | JP Morgan | Downgrade | Neutral | $53 |
| September 2nd 2025 | Morgan Stanley | Downgrade | Equal Weight | $50 |
| August 14th 2025 | Barclays | Downgrade | Equal Weight | $54 |
| July 31st 2025 | Truist | Downgrade | Hold | $55 |
| July 22nd 2025 | Melius | Downgrade | Hold | $62 |
| July 15th 2025 | TD Cowen | Downgrade | Hold | $50 |
| April 9th 2025 | Exane BNP Paribas | Downgrade | Neutral | $67 |
| December 9th 2024 | Citigroup | Downgrade | Neutral | $86← $92 |
| November 18th 2024 | Argus | Downgrade | Hold | - |
| November 13th 2024 | UBS | Initiation | Neutral | $84 |
| October 10th 2024 | JP Morgan | Upgrade | Overweight | $92← $90 |
| September 6th 2024 | Morgan Stanley | Initiation | Overweight | $89 |
| September 6th 2024 | Wolfe Research | Downgrade | Peer Perform | - |
| September 6th 2024 | Mizuho | Upgrade | Outperform | $90← $80 |
Earnings History & Surprises
FTVEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 4, 2026 | $0.82 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.57 | $0.68 | +19.5% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $0.58 | $0.58 | -0.9% | ✗ MISS |
Q2 2025 | May 1, 2025 | $0.64 | $0.85 | +32.6% | ✓ BEAT |
Q1 2025 | Feb 7, 2025 | $1.12 | $1.17 | +4.5% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.93 | $0.97 | +4.2% | ✓ BEAT |
Q3 2024 | Jul 24, 2024 | $0.92 | $0.93 | +1.2% | ✓ BEAT |
Q2 2024 | Apr 24, 2024 | $0.80 | $0.83 | +4.1% | ✓ BEAT |
Q1 2024 | Jan 31, 2024 | $0.93 | $0.98 | +5.4% | ✓ BEAT |
Q4 2023 | Oct 25, 2023 | $0.86 | $0.85 | -1.2% | ✗ MISS |
Q3 2023 | Jul 26, 2023 | $0.81 | $0.85 | +4.9% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $0.73 | $0.75 | +2.7% | ✓ BEAT |
Q1 2023 | Feb 1, 2023 | $0.84 | $0.88 | +4.8% | ✓ BEAT |
Q4 2022 | Oct 26, 2022 | $0.76 | $0.79 | +3.9% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $0.72 | $0.78 | +8.3% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.68 | $0.70 | +2.9% | ✓ BEAT |
Q1 2022 | Feb 3, 2022 | $0.78 | $0.79 | +1.3% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $0.65 | $0.66 | +1.5% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.61 | $0.66 | +8.2% | ✓ BEAT |
Latest News
Mizuho Downgrades Fortive to Underperform, Lowers Price Target to $51
📉 NegativeWells Fargo Maintains Equal-Weight on Fortive, Raises Price Target to $59
➖ NeutralCitigroup Maintains Neutral on Fortive, Raises Price Target to $59
➖ NeutralShares of companies in the broader machinery sector are trading higher. Stocks across sectors are rising after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term.
📈 PositiveMorgan Stanley Maintains Equal-Weight on Fortive, Raises Price Target to $53
➖ NeutralBaird Maintains Outperform on Fortive, Raises Price Target to $58
📈 PositiveJP Morgan Maintains Neutral on Fortive, Raises Price Target to $55
➖ NeutralCitigroup Maintains Neutral on Fortive, Raises Price Target to $57
➖ NeutralBarclays Maintains Equal-Weight on Fortive, Raises Price Target to $56
📈 PositiveTruist Securities Reiterates Hold on Fortive, Raises Price Target to $58
➖ NeutralFortive shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY25 EPS guidance above estimates.
📈 PositiveFortive Raises FY2025 Adj EPS Guidance from $2.50-$2.60 to $2.63-$2.67 vs $2.52 Est
📈 PositiveFortive Q3 Adj. EPS $0.68 Beats $0.57 Estimate, Sales $1.027B Beat $1.008B Estimate
📈 PositiveMizuho Maintains Outperform on Fortive, Lowers Price Target to $54
➖ NeutralJP Morgan Downgrades Fortive to Neutral, Lowers Price Target to $53
📉 NegativeShares of machine companies are trading higher amid overall market strength. Strength is due to August CPI data and larger-than-expected jobless claims, which could fuel rate cut optimism.
📈 PositiveMorgan Stanley Downgrades Fortive to Equal-Weight, Lowers Price Target to $50
📉 NegativeFortive trades lower on disappointing Q2 revenue outlook
📉 NegativeFortive Non-GAAP EPS of $0.85 in-line, revenue of $1.47B misses by $20M
➖ NeutralFrequently Asked Questions about FTV
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