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Earnings transcript
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FTV
Fortive Corporation
$56.08
0.18
(0.32%)
| Exchange: | NYSE |
| Market Cap: | 17.812B |
| Shares Outstanding: | 345.2M |
About The Company
| Sector: | Technology | |||||
| Industry: | Hardware, Equipment & Parts | |||||
| CEO: | Olumide O. Soroye | |||||
| Full Time Employees: | 10000 | |||||
| Address: |
| |||||
| Website: | https://www.fortive.com |
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others. It markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The company’s Precision Technologies segment provides electrical test and measurement instruments and services; energetic material devices; and sensor and control system solutions for power and energy, medical equipment, food and beverage, aerospace and defense, off-highway vehicles, electronics, semiconductors, and other general industrial markets. This segment markets its products under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands. Its Advanced Healthcare Solutions segment offers hardware and software products and services, including instrument and device reprocessing, instrument tracking, biomedical test tools, radiation safety monitoring, and asset management services; subscription-based surgical inventory management systems to facilitate inventory management and regulatory compliance, as well as technical, analytical, and compliance services to determine radiation exposure services under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, RAYSAFE, and STERRAD brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.
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Revenue Segmentation
EPS
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Earnings Call
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 6,065,300 | 6,231,800 | 5,142,599.999 |
| Gross Profit | 3,594,100 | 3,731,000 | 3,134,700 |
| EBITDA | 1,571,100 | 1,666,300 | 1,200,400 |
| Operating Income | 1,133,700 | 1,176,700 | 908,900 |
| Net Income | 865,800 | 832,900 | 579,200 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 16,911,800 | 17,016,100 | 11,737,700 |
| Total Liabilities | 6,586,500 | 6,820,500 | 5,276,600 |
| Total Stockholders Equity | 10,318,900 | 10,188,600 | 6,453,400 |
| Total Debt | 3,810,100 | 3,876,900 | 3,206,000 |
| Cash and Cash Equivalents | 1,888,800 | 813,300 | 375,500 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,353,600 | 1,526,800 | 1,083,200 |
| Capital Expenditure | -107,800 | -120,400 | -105,100 |
| Free Cash Flow | 1,245,800 | 1,406,400 | 978,100 |
| Net Income | 865,800 | 832,900 | 579,200 |
| Net Change in Cash | 1,179,600 | -1,075,500 | -437,800 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 4,931,632.448 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 5,066,895.364 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 5,003,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,213,588.242 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,246,874.073 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,231,150.545 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,376,163.650 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,425,447.070 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,402,166.004 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,708,974.861 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,755,847.966 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,733,706.094 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 4.390 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 4.460 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 4.310 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates FTV intrinsic value between $56.57 – $58.66 per share. This depends on revenue growth, margins, and discount rate.
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Common questions about FTV valuation
Is Fortive Corporation (FTV) overvalued or undervalued right now?
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What is FTV’s P/E ratio?
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FTV
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0.32
Trading Metrics:
| Open: | 54.94 | Previous Close: | 55.9 | |
| Day Low: | 54.9 | Day High: | 56.61 | |
| Year Low: | 45.5 | Year High: | 62.42 | |
| Price Avg 50: | 56.39 | Price Avg 200: | 52.42 | |
| Volume: | Average Volume: |
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