OverviewSuggest Edit

Fortive Corporation is an industrial technology company that designs, develops, services, manufactures, and markets professional and engineered products, software, and services for a variety of end markets. Its operating companies are organized into two segments: Professional Instrumentation and Industrial Technologies. The Professional Instrumentation segment offers products, software, and services for measuring and monitoring physical parameters in industrial applications, as well as critical sterilization and disinfection solutions, and products used in the design, development, manufacturing, testing and advanced calibration for electronics and industrial markets. Its Industrial Technologies segment provides critical technical equipment, components, software, and services for manufacturing, repair and transportation markets, such as environmental sensors, fueling equipment, field payment, hardware, remote management and workflow software, vehicle tracking and fleet management software, signaling solutions for traffic light control, and tools for professional auto technicians and tire and wheel repair workshops.

TypePublic
Founded2016
HQEverett, US
Websitefortive.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2019)25,000(+5%)
Job Openings324
Revenue (FY, 2019)$7.3 B(+14%)
Share Price (Oct 2020)$66.5
Cybersecurity ratingBMore

Key People/Management at Fortive

Jim Lico

Jim Lico

President & Chief Executive Officer
Chuck McLaughlin

Chuck McLaughlin

Senior Vice President & Chief Financial Officer
Barbara Hulit

Barbara Hulit

Senior Vice President
Pat Murphy

Pat Murphy

Senior Vice President
Wes Pringle

Wes Pringle

Senior Vice President
Jon Schwarz

Jon Schwarz

Vice President, Corporate Development
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Fortive Office Locations

Fortive has an office in Everett
Everett, US (HQ)
6920 Seaway Blvd
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Fortive Financials and Metrics

Fortive Revenue

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Fortive's revenue was reported to be $7.32 b in FY, 2019 which is a 13.4% increase from the previous period.
USD

Revenue (Q2, 2020)

1.6b

Gross profit (Q2, 2020)

814.3m

Gross profit margin (Q2, 2020), %

51.8%

Net income (Q2, 2020)

130.0m

EBIT (Q2, 2020)

191.1m

Market capitalization (23-Oct-2020)

22.4b

Closing stock price (23-Oct-2020)

66.5

Cash (26-Jun-2020)

1.1b

EV

27.3b
Fortive's current market capitalization is $22.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

6.7b6.5b7.3b

Revenue growth, %

7%(3%)13%

Cost of goods sold

3.4b3.1b3.6b

Gross profit

3.3b3.3b3.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.7b1.9b1.8b1.6b1.9b1.9b1.7b1.6b

Cost of goods sold

869.9m917.1m915.8m780.2m960.7m932.3m837.7m756.9m

Gross profit

870.8m938.9m924.3m812.7m904.0m927.7m875.8m814.3m

Gross profit Margin, %

50%51%50%51%48%50%51%52%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

962.1m1.2b1.2b

Accounts Receivable

1.1b1.2b1.4b

Inventories

580.6m574.5m640.3m

Current Assets

2.9b3.2b3.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

1.0b2.4b1.1b3.7b1.1b1.1b1.0b1.1b

Accounts Receivable

1.2b1.2b1.3b1.1b1.3b1.3b1.3b1.1b

Inventories

615.9m642.3m649.2m608.3m693.7m680.7m650.4m664.5m

Current Assets

3.1b4.5b3.4b5.8b3.4b3.5b3.4b3.3b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

1.0b2.9b738.9m

Depreciation and Amortization

174.1m260.8m426.2m

Inventories

14.3m(73.4m)118.8m

Accounts Payable

24.9m76.2m53.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

261.2m556.2m801.5m164.0m339.0m546.1m41.9m171.9m

Depreciation and Amortization

60.0m118.2m184.8m81.9m192.3m309.1m117.6m236.7m

Inventories

(31.9m)(68.4m)(78.9m)(33.3m)45.8m69.4m(16.6m)(28.9m)

Accounts Payable

(22.2m)41.0m30.2m(40.6m)(11.7m)(7.9m)(6.7m)(23.4m)
USDFY, 2017

EV/EBIT

20.8 x

EV/CFO

24 x

Revenue/Employee

256.0k

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.8 x

P/E Ratio

24.4
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Fortive Operating Metrics

Fortive's Backlog was reported to be $1.2b in FY, 2019.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Countries

50 50 50 50 50 50 59 59 59 59 59

Backlog

$1.33 b$1.22 b$1.21 b

Remaining Performance Obligations

$658 m$570.20 m$564.20 m$537.50 m$556.10 m$561.10 m$540.30 m$555.20 m$524.60 m$526.90 m

Facilities

110 90 80
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Fortive Acquisitions / Subsidiaries

Company NameDateDeal Size
Censis TechnologiesNovember 11, 2019
Athena SuperHoldCoSeptember 06, 2018$2 b
AccruentAugust 02, 2018$2 b
TGG Ultimate HoldingsJuly 27, 2018$778 m
LANDAUERSeptember 06, 2017$770 m
TektronixJuly 05, 2016
Diagnostic Monitoring SystemsApril 08, 2009
AFS Forecourt Solutions Proprietary Limited
AKM Asia Pte Ltd
Anderson Instrument Co. Inc.
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Fortive Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Fortive Revenue Breakdown

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Fortive revenue breakdown by business segment: 39.5% from Industrial Technologies and 60.5% from Professional Instrumentation

Fortive revenue breakdown by geographic segment: 34.4% from All Others, 8.1% from China and 57.5% from United States

Fortive Online and Social Media Presence

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Fortive News and Updates

Fortive To Spin-Off 80.1% Of Vontier To Its Shareholders In 4Q20

Fortive will distribute two shares of Vontier common stock for every five shares of Fortive common stock held on the record date (TBA) for the distribution.

Medical Device Tester Market Demand & Competitive Analysis by 2025| Fortive, Astronics, Bender GmbH

The global Medical Device Tester market is valued at XX million USD in 2020 and is expected to reach XX million USD by the end of 2026, growing at a CAGR of XX% between 2020 and 2026. Posted via Industry Today. Follow us on Twitter @IndustryToday

Focus on Biomedical Tester Market Changing the Way of Business in Upcoming Year with Profiling Key Fortive, Datrend Systems, Seaward Electronic

The global Biomedical Tester market is valued at XX million USD in 2020 and is expected to reach XX million USD by the end of 2026, growing at a CAGR of XX% between 2020 and 2026. Posted via Industry Today. Follow us on Twitter @IndustryToday

Fortive (FTV) Announces Intention to Separate Into Two Independent Publicly Traded Companies

Fortive Corporation announced plan to separate the company into two independent, publicly traded companies. The transaction is expected to be completed in the second half of 2020. Spin-Off Research is the market leader in Spin-Off valuation.

Fortive stocks surges after plan to separate into 2 publicly traded companies

Shares of Fortive Corp. jumped 3.2% in premarket trading Wednesday, after the industrial technology company announced a plan to separate into two independent, publicly traded companies. One of the new companies will be an industrial technology company, and retain the Fortive name, that generates "s…

Johnson & Johnson Completes Divestiture of Advanced Sterilization Products (ASP) to Fortive Corporation

NEW BRUNSWICK, N.J., April 1, 2019 /PRNewswire/ -- Johnson & Johnson (NYSE: JNJ) today announced that it has completed the divestiture of its Advanced Sterilization Products (ASP) business, a division of Ethicon, Inc.*, to Fortive Corporation (NYSE: FTV) for an aggregate value of...
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Fortive Blogs

Fortive Announces New Global Industrial Company To Be Named Vontier

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that the name of the new global industrial company which is expected to separate from Fortive later this year wil…

Fortive Schedules Fourth Quarter 2019 Earnings Conference Call

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that it will webcast its earnings conference call for the fourth quarter 2019 on Thursday, February 6, 2020 begin…

Fortive Announces Leadership Appointments for NewCo

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) today announced the appointments of Mark D. Morelli as President & Chief Executive Officer and David H. Naemura as Chief Fina…

Fortive to Present at the Credit Suisse 7th Annual Industrials Conference

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation ("Fortive") (NYSE: FTV) announced that Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the Credit Suisse 7th A…

Fortive to Present at the Baird 2019 Global Industrial Conference

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation ("Fortive") (NYSE: FTV) announced that President and Chief Executive Officer, James A. Lico, will be presenting at the Baird 2019 Global Industrial Confe…

Fortive Reports Third Quarter 2019 Results

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) today announced results for the third quarter 2019. For the third quarter ended September 27, 2019, net earnings from continuin…
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Fortive Frequently Asked Questions

  • When was Fortive founded?

    Fortive was founded in 2016.

  • Who are Fortive key executives?

    Fortive's key executives are Jim Lico, Chuck McLaughlin and Barbara Hulit.

  • How many employees does Fortive have?

    Fortive has 25,000 employees.

  • What is Fortive revenue?

    Latest Fortive annual revenue is $7.3 b.

  • What is Fortive revenue per employee?

    Latest Fortive revenue per employee is $292.8 k.

  • Who are Fortive competitors?

    Competitors of Fortive include Dover, Roper Technologies and ESCO Technologies.

  • Where is Fortive headquarters?

    Fortive headquarters is located at 6920 Seaway Blvd, Everett.

  • Where are Fortive offices?

    Fortive has an office in Everett.

  • How many offices does Fortive have?

    Fortive has 1 office.