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, WA, US
Websitefortive.com
Employee Ratings3.3
Overall CultureD+

Latest Updates

Employees (est.) (Dec 2019)25,000(+5%)
Revenue (FY, 2020)$4.6 B(-36%)
Share Price (May 2021)$71.3
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
Jon Schwarz

Jon Schwarz

Senior Vice President, Corporate Development
Peter Underwood

Peter Underwood

Senior Vice President & 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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Fortive's revenue was reported to be $4.63 b in FY, 2020
USD

Revenue (Q1, 2021)

1.3b

Gross profit (Q1, 2021)

711.9m

Gross profit margin (Q1, 2021), %

56.5%

Net income (Q1, 2021)

110.2m

EBIT (Q1, 2021)

197.6m

Market capitalization (3-May-2021)

24.1b

Closing stock price (3-May-2021)

71.3

Cash (2-Apr-2021)

1.3b

EV

24.3b
Fortive's current market capitalization is $24.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

6.7b6.5b7.3b4.6b

Revenue growth, %

7%(3%)13%

Cost of goods sold

3.4b3.1b3.6b2.0b

Gross profit

3.3b3.3b3.7b2.6b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.7b1.9b1.8b1.6b1.9b1.9b1.7b1.6b1.7b1.3b

Cost of goods sold

869.9m917.1m915.8m780.2m960.7m932.3m837.7m756.9m774.6m547.3m

Gross profit

870.8m938.9m924.3m812.7m904.0m927.7m875.8m814.3m896.7m711.9m

Gross profit Margin, %

50%51%50%51%48%50%51%52%54%57%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

962.1m1.2b1.2b1.8b

Accounts Receivable

1.1b1.2b1.4b810.3m

Prepaid Expenses

206.7m

Inventories

580.6m574.5m640.3m455.5m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.0b2.4b1.1b3.7b1.1b1.1b1.0b1.1b1.5b1.3b

Accounts Receivable

1.2b1.2b1.3b1.1b1.3b1.3b1.3b1.1b1.2b829.5m

Prepaid Expenses

414.1m205.2m

Inventories

615.9m642.3m649.2m608.3m693.7m680.7m650.4m664.5m661.8m466.6m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.0b2.9b738.9m1.5b

Depreciation and Amortization

174.1m260.8m426.2m384.0m

Inventories

14.3m(73.4m)118.8m(7.3m)

Accounts Payable

24.9m76.2m53.7m18.1m
Quarterly
USDFY, 2017

Revenue/Employee

256.0k

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.8 x
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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

5050505050505959595959

Backlog

$1.33 b$1.22 b$1.21 b

Remaining Performance Obligations

$658 m$570.2 m$564.2 m$537.5 m$556.1 m$561.1 m$540.3 m$555.2 m$524.6 m$526.9 m

Facilities

1109080
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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 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Fortive Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Fortive Online and Social Media Presence

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Fortive Company Culture

  • Overall Culture

    D+

    59/100

  • CEO Rating

    C+

    68/100

  • Compensation

    C-

    59/100

  • Diversity

    A-

    76/100

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Fortive News and Updates

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 …

Fortive to Present at the Wolfe Research 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 Wolfe Research Virtual Industrials Conference on Monday, November 16, 2020 at 10:15 a.m…

Fortive to Present at the Baird 2020 Global Industrial 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 Baird 2020 Global Industrial Conference on Wednesday, November 11, 2020 at 12:15 p.m. ET
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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 Barbara Hulit.

  • How many employees does Fortive have?

    Fortive has 25,000 employees.

  • What is Fortive revenue?

    Latest Fortive annual revenue is $4.6 b.

  • What is Fortive revenue per employee?

    Latest Fortive revenue per employee is $185.4 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.