Fortive Corporation (FTV) Financial Ratios
13 years of historical data (2013–2025) · Technology · Hardware, Equipment & Parts
EV/EBITDA
↓
17.47
+14% vs avg
5yr avg: 15.30
30Y Low9.9·High24.9
P/FCF
↓
19.17
+13% vs avg
5yr avg: 16.95
30Y Low11.7·High22.2
P/B Ratio
↑
3.01
↑+43% vs avg
5yr avg: 2.11
30Y Low1.8·High4.4
ROE
↑
7.0%
-9% vs avg
5yr avg: 7.6%
30Y Low7%·High56%
Debt/EBITDA
↓
2.60
+0% vs avg
5yr avg: 2.59
30Y Low2.3·High7.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FTV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Fortive Corporation trades at 35.0x earnings, 28% above its 5-year average of 27.4x, sitting at the 90th percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a premium of 26%. On a free-cash-flow basis, the stock trades at 19.2x P/FCF, 13% above the 5-year average of 16.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.7B | $17.6B | $19.9B | $19.7B | $17.5B | $20.3B | $19.2B | $16.4B | $15.0B | $16.1B | $11.7B |
| Enterprise Value | $21.6B | $20.5B | $23.0B | $21.7B | $20.2B | $23.6B | $21.8B | $21.7B | $17.2B | $19.2B | $14.3B |
| P/E Ratio → | 35.00 | 31.73 | 23.94 | 22.84 | 23.17 | 35.27 | 12.41 | 22.20 | 5.13 | 15.41 | 13.47 |
| P/S Ratio | 3.65 | 3.43 | 3.20 | 3.25 | 3.00 | 3.85 | 4.13 | 3.59 | 2.32 | 2.79 | 1.89 |
| P/B Ratio | 3.01 | 2.73 | 1.96 | 1.91 | 1.80 | 2.13 | 2.14 | 2.21 | 2.26 | 4.22 | 4.36 |
| P/FCF | 19.17 | 18.03 | 14.17 | 15.84 | 14.47 | 22.23 | 14.08 | 14.13 | 12.15 | 15.46 | 11.66 |
| P/OCF | 17.31 | 16.28 | 13.06 | 14.58 | 13.41 | 21.07 | 13.34 | 12.88 | 11.13 | 13.67 | 10.33 |
P/E links to full P/E history page with 30-year chart
FTV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Fortive Corporation's enterprise value stands at 17.5x EBITDA, 14% above its 5-year average of 15.3x. This is roughly in line with the Technology sector median of 17.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.98 | 3.69 | 3.57 | 3.46 | 4.49 | 4.70 | 4.75 | 2.67 | 3.33 | 2.30 |
| EV / EBITDA | 17.47 | 16.57 | 13.37 | 13.61 | 13.72 | 19.22 | 21.05 | 24.89 | 11.90 | 14.53 | 9.90 |
| EV / EBIT | 23.74 | 23.40 | 20.49 | 19.43 | 20.77 | 30.20 | 13.14 | 45.22 | 14.65 | 16.50 | 11.48 |
| EV / FCF | — | 20.92 | 16.35 | 17.38 | 16.71 | 25.88 | 15.99 | 18.70 | 13.97 | 18.44 | 14.20 |
FTV Profitability
Margins and return-on-capital ratios measuring operating efficiency
Fortive Corporation earns an operating margin of 17.7%. Operating margins have compressed from 18.7% to 17.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.0% is modest. ROIC of 6.0% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.0% | 61.0% | 59.9% | 59.3% | 57.7% | 57.3% | 56.5% | 54.7% | 51.5% | 50.8% | 48.9% |
| Operating Margin | 17.7% | 17.7% | 18.9% | 18.7% | 17.3% | 15.8% | 14.0% | 11.6% | 18.4% | 20.2% | 20.4% |
| Net Profit Margin | 11.3% | 11.3% | 13.4% | 14.3% | 13.0% | 11.6% | 34.8% | 16.2% | 45.2% | 18.1% | 14.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.0% | 7.0% | 8.1% | 8.7% | 7.9% | 6.6% | 19.7% | 10.5% | 55.9% | 32.1% | 22.2% |
| ROA | 4.0% | 4.0% | 4.9% | 5.3% | 4.7% | 3.7% | 9.6% | 4.9% | 24.9% | 11.2% | 11.3% |
| ROIC | 6.0% | 6.0% | 6.9% | 6.9% | 6.0% | 5.1% | 4.0% | 3.7% | 11.3% | 14.3% | 18.2% |
| ROCE | 7.5% | 7.5% | 7.9% | 8.0% | 7.8% | 6.4% | 4.8% | 4.3% | 12.1% | 14.9% | 20.1% |
FTV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Fortive Corporation carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (11% below the sector average of 2.9x). Net debt stands at $2.8B ($3.2B total debt minus $376M cash). Interest coverage of 7.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.50 | 0.50 | 0.38 | 0.37 | 0.35 | 0.44 | 0.49 | 0.88 | 0.52 | 1.07 | 1.25 |
| Debt / EBITDA | 2.60 | 2.60 | 2.25 | 2.40 | 2.33 | 3.38 | 4.28 | 7.47 | 2.37 | 3.07 | 2.32 |
| Net Debt / Equity | — | 0.44 | 0.30 | 0.19 | 0.28 | 0.35 | 0.29 | 0.72 | 0.34 | 0.81 | 0.95 |
| Net Debt / EBITDA | 2.29 | 2.29 | 1.78 | 1.21 | 1.84 | 2.71 | 2.52 | 6.08 | 1.56 | 2.34 | 1.77 |
| Debt / FCF | — | 2.89 | 2.18 | 1.54 | 2.25 | 3.65 | 1.92 | 4.57 | 1.83 | 2.97 | 2.54 |
| Interest Coverage | 7.26 | 7.26 | 7.35 | 9.02 | 9.89 | 7.56 | 11.15 | 3.36 | 12.12 | 13.10 | 25.43 |
FTV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.71x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 2.05x to 0.71x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.71 | 0.71 | 1.16 | 2.05 | 0.91 | 0.68 | 1.55 | 1.06 | 1.45 | 1.83 | 1.70 |
| Quick Ratio | 0.58 | 0.58 | 0.91 | 1.75 | 0.71 | 0.54 | 1.40 | 0.88 | 1.18 | 1.47 | 1.33 |
| Cash Ratio | 0.17 | 0.17 | 0.36 | 1.05 | 0.26 | 0.22 | 1.03 | 0.35 | 0.54 | 0.60 | 0.55 |
| Asset Turnover | — | 0.44 | 0.37 | 0.36 | 0.37 | 0.32 | 0.29 | 0.26 | 0.50 | 0.55 | 0.76 |
| Inventory Turnover | 6.88 | 6.88 | 4.59 | 4.60 | 4.59 | 4.38 | 4.43 | 3.23 | 5.45 | 4.88 | 5.85 |
| Days Sales Outstanding | — | 48.52 | 55.37 | 57.82 | 60.05 | 64.61 | 63.82 | 71.23 | 67.60 | 64.71 | 55.44 |
FTV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Fortive Corporation returns 9.1% to shareholders annually — split between a 0.5% dividend yield and 8.6% buyback yield. The payout ratio of 15.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.5% | 0.5% | 0.6% | 0.5% | 0.6% | 0.5% | 0.5% | 0.6% | 0.6% | 0.6% | 26.0% |
| Payout Ratio | 15.9% | 15.9% | 13.4% | 11.8% | 13.2% | 16.1% | 5.9% | 12.7% | 3.3% | 9.3% | 349.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 3.2% | 4.2% | 4.4% | 4.3% | 2.8% | 8.1% | 4.5% | 19.5% | 6.5% | 7.4% |
| FCF Yield | 5.2% | 5.5% | 7.1% | 6.3% | 6.9% | 4.5% | 7.1% | 7.1% | 8.2% | 6.5% | 8.6% |
| Buyback Yield | 8.6% | 9.1% | 4.5% | 1.4% | 2.5% | 0.0% | 0.0% | 0.0% | 9.9% | 0.0% | 0.0% |
| Total Shareholder Yield | 9.1% | 9.7% | 5.0% | 1.9% | 3.1% | 0.5% | 0.5% | 0.6% | 10.6% | 0.6% | 26.0% |
| Shares Outstanding | — | $319M | $353M | $356M | $361M | $352M | $359M | $340M | $351M | $353M | $347M |
Peer Comparison
Compare FTV with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FTVYou | $19B | 35.0 | 17.5 | 19.2 | 61.0% | 17.7% | 7.0% | 6.0% | 2.6 |
 DHR | $124B | 34.9 | 18.2 | 23.6 | 60.9% | 20.9% | 7.1% | 5.9% | 2.4 |
 AME | $54B | 36.6 | 29.6 | 32.1 | 36.4% | 26.2% | 14.6% | 12.1% | 1.2 |
 ROP | $36B | 24.8 | 14.6 | 14.6 | 69.2% | 28.3% | 7.9% | 6.1% | 3.0 |
 ITW | $74B | 24.4 | 17.7 | 27.2 | 44.1% | 26.3% | 93.7% | 29.0% | 1.9 |
 PNR | $13B | 19.9 | 14.7 | 17.1 | 40.5% | 20.5% | 17.6% | 12.1% | 1.7 |
 GNRC | $16B | 99.2 | 34.4 | 58.4 | 38.3% | 6.9% | 6.2% | 5.9% | 2.8 |
 KEYS | $61B | 72.7 | 50.7 | 47.5 | 62.1% | 17.6% | 15.4% | 11.5% | 2.4 |
 TDY | $29B | 33.4 | 21.2 | 27.2 | 39.2% | 18.8% | 8.9% | 7.0% | 1.8 |
 TRMB | $15B | 35.3 | 20.1 | 110.0 | 68.3% | 16.9% | 7.3% | 6.8% | 1.8 |
 NOVT | $5B | 92.7 | 27.0 | 100.4 | 44.4% | 11.9% | 5.2% | 7.4% | 1.9 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
Full FTV Stock Analysis
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Start ComparisonFTV — Frequently Asked Questions
Quick answers to the most common questions about buying FTV stock.
What is Fortive Corporation's P/E ratio?
Fortive Corporation's current P/E ratio is 35.0x. The historical average is 20.6x. This places it at the 90th percentile of its historical range.
What is Fortive Corporation's EV/EBITDA?
Fortive Corporation's current EV/EBITDA is 17.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.9x.
What is Fortive Corporation's ROE?
Fortive Corporation's return on equity (ROE) is 7.0%. The historical average is 17.6%.
Is FTV stock overvalued?
Based on historical data, Fortive Corporation is trading at a P/E of 35.0x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Fortive Corporation's dividend yield?
Fortive Corporation's current dividend yield is 0.47% with a payout ratio of 15.9%.
What are Fortive Corporation's profit margins?
Fortive Corporation has 61.0% gross margin and 17.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Fortive Corporation have?
Fortive Corporation's Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.