Latest revenue
$1.07B
as of 2026-04-03
Latest net income
$136.4M
as of 2026-04-03
Net margin
12.8%
as of 2026-04-03
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $18.03B
- Enterprise value
- $21.37B
- P/E (trailing)
- 31.1×
- Forward P/E
- —
- P/B
- 2.96×
- Dividend yield
- 0.5%
- 52-wk high
- $73.77
- 52-wk low
- $46.34
- Beta
- —
- Shares out
- 304.9M
5-year trend
What this company does
Fortive makes industrial test instruments, software, and healthcare workflow tools — think electrical meters, facility management software, sterilization systems, and instrument tracking for hospitals. It earns roughly 80% of revenue selling products and software to manufacturers, utilities, and healthcare providers, with the rest from services, generating $1.07 billion in quarterly sales. The company just slimmed down to two segments after spinning off its Precision Technologies business as Ralliant in June 2025, and is aggressively buying back stock, repurchasing $500 million in shares this quarter.
Generated from FTV's filing dated 2026-02-25
Key risks
- Aggressive buybacks straining balance sheet: $500M repurchased in Q1 2026, funded partly by $592M commercial paper draw; equity fell from $6.45B to $6.09B.
- Leverage rising: total debt now ~$3.49B with $899.8M current portion due, against just $356.1M cash; net debt grew as CP borrowings spiked.
- Post-Ralliant spin-off concentration: business now reduced to two segments (IOS, AHS); Q1 sales growth of 7.7% must justify $7.3B goodwill / $2.1B intangibles.
Generated from FTV's filing dated 2026-02-25
Profitability
Gross margin
63.5%
6.1%Operating margin
17.3%
10.6%Net margin
13.9%
4.2%Return on equity
9.0%
9.8%Return on assets
4.9%
0.8%Leverage
Debt / equity
0.82×
22.2%Long-term debt / equity
0.36×
9.3%Debt / assets
45.0%
12.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q2 2026 2026-04-03 | $1.07B | +7.7% | $136.4M | -20.7% | 12.8% |
Q4 2025 2025-12-31 | $620.1M | -71.2% | $185.7M | -11.1% | 29.9% |
Q3 2025 2025-09-26 | $1.03B | +2.3% | $55.0M | -75.2% | 5.4% |
Q2 2025 2025-06-27 | $1.52B | -2.2% | $166.6M | -14.6% | 11.0% |
Q1 2025 2025-03-28 | $993.1M | -34.9% | $171.9M | -17.1% | 17.3% |
Q4 2024 2024-12-31 | $2.15B | — | $208.8M | — | 9.7% |
Q3 2024 2024-09-27 | $1.00B | -32.8% | $221.6M | +1.7% | 22.1% |
Q2 2024 2024-06-28 | $1.55B | +1.7% | $195.1M | -6.7% | 12.6% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Industrial Instruments For Measurement, Display, and Control · SIC 3823
Your notes
Keep private notes on FTV — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$1.0M
Insider selling
$6.4M
Net activity
−$5.4M
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FTV
Institutional value
$8.20B
Total shares held
151.5M
Distinct holders
546
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 31.6M | $1.75B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 20.2M | $1.12B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 13.2M | $727.2M | — | New |
| 4 | FLOSSBACH VON STORCH SE | 11.9M | $658.0M | — | New |
| 5 | BARROW HANLEY MEWHINNEY & STRAUSS LLC | 9.2M | $507.6M | — | New |
| 6 | Invesco Ltd. | 7.8M | $428.9M | — | New |
| 7 | UBS Group AG | 4.4M | $242.7M | — | New |
| 8 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 4.2M | $232.6M | — | New |
| 9 | DIMENSIONAL FUND ADVISORS LP | 3.1M | $170.5M | — | New |
| 10 | Robeco Institutional Asset Management B.V. | 2.9M | $158.4M | — | New |
| 11 | Legal & General Group Plc | 2.1M | $115.3M | — | New |
| 12 | FRANKLIN RESOURCES INC | 2.0M | $113.2M | — | New |
| 13 | Bank of New York Mellon Corp | 2.0M | $112.2M | — | New |
| 14 | VANGUARD FIDUCIARY TRUST CO | 1.8M | $97.2M | — | New |
| 15 | DEUTSCHE BANK AG\ | 1.7M | $91.3M | — | New |
| 16 | NORDEA INVESTMENT MANAGEMENT AB | 1.6M | $88.1M | — | New |
| 17 | JANE STREET GROUP, LLC | 1.4M | $78.1M | — | New |
| 18 | JPMORGAN CHASE & CO | 1.3M | $70.3M | — | New |
| 19 | Swiss National Bank | 992.8K | $54.9M | — | New |
| 20 | Nuveen, LLC | 984.6K | $54.4M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
You repurchased $500M of stock while drawing $592M in commercial paper—why lever up at these prices with $900M of debt maturing currently?
- 2
Revenue grew 7.7% but SG&A only 2.2%; how much of the 160bps operating margin expansion is sustainable versus timing-related?
- 3
Treasury shares jumped from $1.6B to $3.7B over twelve months—what's your framework if AHS organic growth disappoints again?
Refreshed when FTV files a new report · last from 2026-02-25