# Fortive Corporation (FTV)

> Source: Nexqual · https://nexqual.com/FTV · data as of 2026-10-29 17:34 UTC · cite as "Nexqual, Fortive Corporation (FTV), nexqual.com/FTV" · informational, not investment advice.

**Price:** USD 65.33 (+1.90% today) · US market open, as of October 29, 2026 at 17:34 UTC; quotes may be delayed. Prev close 64.11 · day 64.09–65.39 · 52w 49.03–67.03 · market cap $19.4B · NYQ

## Key facts
- Last four reported quarters (through Oct 2, 2026): revenue $4.40B, net income $652M (14.8% margin), free cash flow $1.09B (SEC filings).
- Valuation: P/E 29.8x (avg 26.2x at the last 3 fiscal year-ends), EV/EBITDA 17.2x, net debt $3.14B.
- 4 of 80 tracked superinvestors hold FTV (13F, Q2 2026): 0 new, 2 added, 2 reduced, 0 unchanged.
- Analysts: Hold (mean 2.88 on a 1–5 scale) (16 analysts), mean target USD 65.07 (range 51–72).
- Total return with dividends: 1Y +30.3% vs S&P 500 +12.9%; 5Y +17.0% vs S&P 500 +78.8%.
- Next earnings: 2026-10-28, EPS estimate USD 0.91, revenue estimate $1.16B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.25B | $5.83B | $3.91B | $4.08B | $4.16B | $4.40B |
| Gross profit | $3.01B | $3.36B | $2.48B | $2.62B | $2.64B | — |
| Operating income | $813M | $987M | $574M | $716M | $720M | $863M |
| Net income | $608M | $755M | $866M | $833M | $579M | $652M |
| EPS (diluted) | $1.23 | $1.58 | $2.43 | $2.36 | $1.73 | — |
| Free cash flow | $911M | $1.21B | $1.27B | $1.44B | $978M | $1.09B |
| Gross margin | 57.2% | 57.7% | 63.3% | 64.2% | 63.5% | — |
| Operating margin | 15.5% | 16.9% | 14.7% | 17.6% | 17.3% | 19.6% |
| Net margin | 11.6% | 13.0% | 22.1% | 20.4% | 13.9% | 14.8% |
| Revenue growth | +13.4% | +10.9% | -32.8% | +4.3% | +1.9% | — |
| Cash + short-term investments | $819M | $709M | $1.89B | $813M | $376M | — |
| Total debt | $3.96B | $3.25B | $3.65B | $3.71B | $3.21B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Oct 2, 2026)
P/E 29.8x · P/S 4.4x · EV/EBITDA 17.2x · EV/Sales 5.1x · P/FCF 17.9x · P/B 3.3x · FCF yield 5.58% · Earnings yield 3.35% · Dividend yield (paid, TTM) 0.39% · Buyback yield (TTM) 6.54% · Net debt $3.14B · EV $22.6B
P/E at fiscal year-ends: Dec 2025 31.9x, Dec 2024 23.9x, Dec 2023 22.8x.

## Superinvestors (SEC 13F-HR, Q2 2026)
4 of 80 tracked investors hold FTV. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Viking Global | Viking Global Investors | 3.47% | $1.22B | Reduced -11.3% |
| Dodge & Cox Funds | Dodge & Cox | 1.41% | $2.69B | Added +1.9% |
| Van Den Berg Management I |  | 1.04% | $4.9M | Added +27.1% |
| Wallace Weitz | Weitz Investment Management | 0.09% | $1.3M | Reduced -3.3% |

## Analysts
Consensus Hold (mean 2.88 on a 1–5 scale), 16 analysts; mean target USD 65.07 (low 51, high 72).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-29 | Truist Securities | Target raised | Hold | $63 → $65 |
| 2026-10-14 | RBC Capital | Target lowered | Sector Perform | $63 → $59 |
| 2026-10-09 | JP Morgan | Target lowered | Underweight | $64 → $56 |
| 2026-10-05 | Truist Securities | Target lowered | Hold | $68 → $63 |
| 2026-09-28 | Evercore ISI Group | Initiated | In-Line | $60 |
| 2026-08-19 | Argus Research | Reiterated | Buy | $68 |
| 2026-07-30 | Truist Securities | Target raised | Hold | $67 → $68 |
| 2026-07-02 | Truist Securities | Target raised | Hold | $61 → $67 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +30.3% | +17.0% |
| S&P 500 (SPY) | +12.9% | +78.8% |
| Per year | +30.4% | +3.2% |
| Volatility (annualized) | 27.0% | 25.2% |
| Max drawdown | -14.8% (Jul 2026→Sep 2026) | -32.1% (Nov 2021→Jun 2022) |

## Peers (Scientific & Technical Instruments)
TRMB (Trimble Inc.) USD 65.14 +1.22% · MKSI (MKS Inc.) USD 217.42 -0.38% · TDY (Teledyne Technologies Incorpora) USD 677.15 +1.74% · CGNX (Cognex Corporation) USD 59.36 +1.59% · COHR (Coherent Corp.) USD 240.08 +0.20% · GRMN (Garmin Ltd.) USD 281.28 +3.22%

## More
Full page: https://nexqual.com/FTV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $0.91 | $0.88 | +3.1% | $1.16B | 7 |
| Next quarter (ends 2027-03-31) | $0.75 | $0.76 | -0.8% | $1.10B | 7 |
| Current fiscal year (ends 2026-12-31) | $3.12 | $3.01 | +3.5% | $4.43B | 8 |
| Next fiscal year (ends 2027-12-31) | $3.29 | $3.24 | +1.4% | $4.57B | 15 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Sep 30, 2026 | $0.77 | $0.70 | Beat +10.0% | — |
| — | Quarter ended Jun 30, 2026 | $0.74 | $0.71 | Beat +4.2% | — |
| — | Quarter ended Mar 31, 2026 | $0.70 | $0.64 | Beat +9.4% | — |
| — | Quarter ended Dec 31, 2025 | $0.90 | $0.84 | Beat +7.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-28 | 10-Q | Quarterly report · period ended Oct 2, 2026 | https://www.sec.gov/Archives/edgar/data/1659166/000165916626000040/0001659166-26-000040-index.htm |
| 2026-10-28 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1659166/000165916626000039/0001659166-26-000039-index.htm |
| 2026-09-10 | 8-K | Director or executive officer change, or pay arrangement — “Effective September 9, 2026, the Board of Directors of Fortive Corporation (the "Company") increased the size of the Company's Board from eight to nine members and appointed Susan L. Main to the Board with a term commencing on September 9, 2026 and expiring at the 2027 Annual Meeting of Shareholders and until her successor is duly elected and qualified. In addition, the Board of Directors concurrently appointed Ms. Main to the Audit Committee of the Board. As a non-employee director, Ms. Main will receive the same…” | https://www.sec.gov/Archives/edgar/data/1659166/000110465926106735/0001104659-26-106735-index.htm |
| 2026-07-29 | 10-Q | Quarterly report · period ended Jul 3, 2026 | https://www.sec.gov/Archives/edgar/data/1659166/000165916626000034/0001659166-26-000034-index.htm |
| 2026-07-29 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1659166/000165916626000033/0001659166-26-000033-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.