Fortive

OverviewSuggest Edit

Fortive Corporation is an industrial technology company that designs, develops, and markets professional and engineered products, software, and services for a variety of end markets. It operates through three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides workflow solutions to accelerate industrial and facility reliability and performance, as well as compliance and safety across a range of vertical end markets, including manufacturing, process industries, healthcare, utilities and power, communications and electronics. The Precision Technologies segment supplies instrumentation and sensing technologies to a set of vertical end markets. The Advanced Healthcare Solutions segment supplies critical workflow solutions to hospitals and other healthcare customers.

TypePublic
Founded2016
HQEverett, WA, US
Websitefortive.com
Employee Ratings3.6
Overall CultureD

Latest Updates

Employees (est.) (Dec 2021)18,000(+6%)
Revenue (FY, 2021)$5.3 B(+14%)
Share Price (May 2022)$60.6(+3%)
Cybersecurity ratingBMore
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Key People/Management at Fortive

Jim Lico

Jim Lico

President & CEO
Chuck McLaughlin

Chuck McLaughlin

SVP & CFO
Pat Murphy

Pat Murphy

President & CEO, Advanced Healthcare Solutions
Tami Newcombe

Tami Newcombe

President & CEO, Precision Technologies
Olumide Soroye

Olumide Soroye

President & CEO, Intelligent Operating Solutions
Peter Underwood

Peter Underwood

SVP & General Counsel
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Fortive Office Locations

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

Fortive Revenue

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View revenue for all periods
Fortive's revenue was reported to be $5.25 b in FY, 2021 which is a 13.4% increase from the previous period.
USD

Revenue (Q1, 2022)

1.4b

Gross profit (Q1, 2022)

792.0m

Gross profit margin (Q1, 2022), %

57.5%

Net income (Q1, 2022)

165.1m

EBIT (Q1, 2022)

212.3m

Market capitalization (26-May-2022)

20.9b

Closing stock price (26-May-2022)

60.6

Cash (1-Oct-2021)

838.4m

EV

22.8b
Fortive's current market capitalization is $20.9 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

7.3b4.6b5.3b

Revenue growth, %

13%(37%)13%

Cost of goods sold

3.6b2.0b2.2b

Gross profit

3.7b2.6b3.0b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.7b1.6b1.9b1.3b1.3b1.3b1.4b

Cost of goods sold

837.7m756.9m918.9m547.3m564.2m555.3m584.5m

Gross profit

875.8m814.3m896.7m711.9m755.5m744.2m792.0m

Gross profit Margin, %

51%52%47%57%57%57%58%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.2b1.2b1.8b

Accounts Receivable

1.2b1.4b810.3m

Inventories

574.5m640.3m455.5m

Current Assets

3.2b3.7b4.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

3.7b1.1b1.1b1.0b1.1b1.5b1.3b1.6b838.4m

Accounts Receivable

1.1b1.3b1.3b1.3b1.1b1.2b829.5m817.9m830.4m

Inventories

608.3m693.7m680.7m650.4m664.5m661.8m466.6m488.0m506.8m

Current Assets

5.8b3.4b3.5b3.4b3.3b3.8b2.8b3.1b2.4b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.9b738.9m1.5b

Depreciation and Amortization

260.8m426.2m384.0m

Inventories

(73.4m)118.8m(7.3m)

Accounts Payable

76.2m53.7m18.1m
Quarterly
USDFY, 2018

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

2 x
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Fortive Operating Metrics

Fortive's Backlog was reported to be $1.2b in FY, 2019.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Countries

505059595959595959595959

Backlog

$1.22 b$1.21 b

Remaining Performance Obligations

$537.5 m$556.1 m$561.1 m$540.3 m$555.2 m$524.6 m$526.9 m$523.1 m$135.2 m$131.8 m$135.8 m$143.2 m

Facilities

908060

Fortive Acquisitions / Subsidiaries

Company NameDateDeal Size
Provation Software, Inc.December 27, 2021$1.4 b
ServiceChannelJuly 24, 2021$1.2 b
TeamSenseJuly 24, 2021
Censis TechnologiesNovember 11, 2019
Athena SuperHoldCoSeptember 06, 2018$2 b
AccruentAugust 02, 2018$2 b
TGG Ultimate HoldingsJuly 27, 2018$778 m
GordianJuly 02, 2018
Orpak SystemsDecember 31, 2017
LANDAUERSeptember 06, 2017$770 m
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Fortive Revenue Breakdown

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Fortive revenue breakdown by business segment: 23.5% from Advanced Healthcare Solutions, 41.3% from Intelligent Operating Solutions and 35.2% from Precision Technologies

Fortive revenue breakdown by geographic segment: 36.6% from All Others, 12.4% from China and 51.1% from United States

Human Capital Metrics

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Fortive Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Fortive Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Fortive Online and Social Media Presence

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Fortive Company Culture

  • Overall Culture

    D

    57/100

  • CEO Rating

    C-

    64/100

  • Compensation

    C-

    60/100

  • Diversity

    B+

    73/100

Learn more on Comparably

Fortive News and Updates

The Good And Bad: Group 1 Automotive And Fortive Corp

See two of the featured stocks from this month’s model portfolios.

Leading Industrial Technology Conglomerate Fortive Acquires Hourly Worker Human Resources Tool, TeamSense

SEATTLE, Sept. 9, 2021 /PRNewswire/ -- After a successful launch as a COVID symptom tracker tool for the hourly workforce on July 1, 2020, TeamSense, the leading app-free, text-based human resources tool for hourly workers in the manufacturing space was acquired on July 7, 2021 by the...

Censis Technologies and Cantel Medical Enter Into Partnership to Develop Differentiated Endoscope Reprocessing Software Solution

Today, Censis Technologies, a wholly owned subsidiary of Fortive Corporation, and Cantel Medical Corp announced a new long-term partnership to combine Cantel’s leading infection prevention endoscope reprocessing workflow portfolio with the surgical asset management and instrument tracking solutions …

Fortive Announces Appointment of Rejji Hayes to Its Board of Directors

Fortive Corporation ("Fortive") (NYSE: FTV) announced today that its Board of Directors has appointed Rejji Hayes as a director of Fortive

Fortive to Present at the UBS Global TMT Virtual Conference

Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, Jim Lico, and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the UBS Global TMT Virtual Conference on Monday, December 7, 2020 at 1:55 p.m. ET

Fortive to Present at the Credit Suisse 8th Annual Virtual Industrials Conference

Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, Jim Lico and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the Credit Suisse 8th Annual Virtual Industrials Conference on Wednesday, December 02, 2020 …
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Fortive Blogs

Fortive Schedules First Quarter 2020 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 first quarter 2020 on Thursday, April 30, 2020 beginnin…

Fortive to Present at the Citi 2020 Global Industrials Conference

Location: The Miami Beach EDITION Hotel, Main Ballroom2901 Collins Avenue Miami, FL, 33140 United States See map: Google Maps Date and Time: 2/20/20 11:00 am - 11:40 am EST Speaker(s): Ch…

Fortive to Present at the Barclays 2020 Select Industrial Conference

Location: Loews Miami Beach Hotel, Americana Salon 31601 Collins Avenue Miami, FL, 33139 United States See map: Google Maps Date and Time: 2/20/20 8:35 am - 9:05 am EST Speaker(s): Chuck …

Fortive to Present at the Citi Global 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 Citi Global Industr…

Fortive Reports Fourth Quarter 2019 Results

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) today announced results for the fourth quarter 2019. For the fourth quarter ended December 31, 2019, net earnings from continui…

Fortive Corporation’s Fourth Quarter 2019 Earnings Results

Date and Time: 2/6/20 2:30 pm - 3:30 pm PST Speaker(s): James A. Lico, President and Chief Executive Officer TOLL FREE Dial in number: 844-443-2871 or 213-660-0916 (outside…
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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 Pat Murphy.

  • How many employees does Fortive have?

    Fortive has 18,000 employees.

  • What is Fortive revenue?

    Latest Fortive annual revenue is $5.3 b.

  • What is Fortive revenue per employee?

    Latest Fortive revenue per employee is $291.9 k.

  • Who are Fortive competitors?

    Competitors of Fortive include Stanley Black & Decker, Dover and Roper 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.