Fortive (FTV)
NYSEIndustrialsScientific & Technical InstrumentsSnapshot 2026-07-07
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Track FTV free→Fortive keeps beating earnings with 7.7% revenue growth last quarter. It aims for EPS near $3.00 in 2026. Cash from operations improved to $717 million in 2025-Q3. The company has a strong balance sheet and moderate valuation.
EPS growth may slow as guidance is soft and management is volatile. Cash flow improvements are mixed and debt increased with new notes. Sector headwinds could pressure demand and margins.
The price is about 2% above our fair value near $62, in line with the Street median. Analysts expect about 4% revenue growth, which is modest compared to recent beats. Our view is slightly more optimistic on EPS and cash flow.
Breaks if: Debt rises sharply without offsetting cash flow or buybacks stop
Breaks if: cash from operations falls below $700 million in 2025-Q3
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Fortive aims to enhance its cash flow from operations to support its financial stability.
Stated in 2 of last 2 quarters. Cash from operating activities was $717.3M in 2025-Q3, showing improvement from negative cash flow in 2024-Q4. The recent $600M notes offering supports this priority, indicating progress in enhancing cash flow.
“Fortive Corporation completed an underwritten offering of $600 million aggregate principal amount.”
“Cash from operating activities was $717.3 million.”
Breaks if: EPS falls below $2.90 in FY26
Fortive aims to maintain its EPS guidance range of $2.90 to $3.00 for the fiscal year 2026.
Stated in 2 of last 2 quarters. Fortive has maintained its EPS guidance range of $2.90 to $3.00 for 2026. However, the financials show a net income decline from $242.6M in 2024-Q4 to $40.39M in 2025-Q4, indicating limited progress towards achieving this guidance.
“We are reaffirming our full-year 2026 adjusted EPS guidance range of $2.90 to $3.00.”
“Looking ahead, we are initiating our full year 2026 Adjusted EPS guidance of $2.90 to $3.00.”
Breaks if: YoY revenue growth falls below 4% next year