Fortive Corp. is a diversified industrial growth company, which engages in the design, development, manufacturing, and marketing of professional and engineered products, software, and services for a variety of end markets. It operates through the Professional Instrumentation and Industrial Technologies segments. The Professional Instrumentation segment offers software and services used to create actionable intelligence by measuring and monitoring a range of physical parameters in industrial applications. The Industrial Technologies segment comprises of critical technical equipment, components, software, and services for manufacturing, repair, and transportation markets. It also offers panning advanced environmental sensors, fueling equipment; field payment; hardware; remote management and workflow software; vehicle tracking and fleet management software; and signaling solutions for traffic light control. The company was founded on November 10, 2015 and is headquartered in Everett, WA.
Highlights
The debt has contracted by 8% YoY and by 6% from the previous quarter
FTV's equity is up by 5% year-on-year and by 2.1% since the previous quarter
The company's gross profit rose by 6% YoY but it fell by 2.4% QoQ
Fortive's revenue has increased by 4.9% YoY but it has decreased by 3.9% from the previous quarter
The stock's P/E is 97% more than its 5-year quarterly average of 22.8 and 46% more than its last 4 quarters average of 30.7
The company's EPS has shrunk by 81% YoY and by 9% QoQ
Key stats
What are the main financial stats of FTV
Market
Shares outstanding
337.07M
Market cap
$22.42B
Enterprise value
$27.25B
Valuations
Price to earnings (P/E)
44.93
Price to book (P/B)
3.03
Price to sales (P/S)
3.14
EV/EBIT
30.39
EV/EBITDA
19.93
EV/Sales
3.81
Earnings
Revenue
$7.15B
EBIT
$896.8M
EBITDA
$1.37B
Free cash flow
$1.41B
Per share
EPS
$1.48
Free cash flow per share
$4.18
Book value per share
$21.95
Revenue per share
$21.19
TBVPS
$14.04
Balance sheet
Total assets
$16.71B
Total liabilities
$9.3B
Debt
$5.9B
Equity
$7.4B
Working capital
$374M
Liquidity
Debt to equity
0.8
Current ratio
1.13
Quick ratio
0.76
Net debt/EBITDA
3.54
Margins
EBITDA margin
19.1%
Gross margin
51.1%
Net margin
8%
Operating margin
11.9%
Efficiency
Return on assets
3%
Return on equity
6.9%
Return on invested capital
12.3%
Return on capital employed
6.5%
Return on sales
12.5%
Dividend
Dividend yield
0.42%
DPS
$0.28
Payout ratio
18.9%
FTV stock price
How has the Fortive stock price performed over time
Financial performance
How have Fortive's revenue and profit performed over time
Revenue
$7.15B
Gross profit
$3.65B
Operating income
$848M
Net income
$571.8M
Gross margin
51.1%
Net margin
8%
The net margin has plunged by 80% YoY and by 3.6% from the previous quarter
The net income has plunged by 79% YoY and by 7% from the previous quarter
Fortive's operating margin has decreased by 22% YoY and by 2.5% QoQ
FTV's operating income is down by 19% year-on-year and by 6% since the previous quarter
Growth
What is Fortive's growth rate over time
Valuation
What is Fortive stock price valuation
P/E
44.93
P/B
3.03
P/S
3.14
EV/EBIT
30.39
EV/EBITDA
19.93
EV/Sales
3.81
The stock's P/E is 97% more than its 5-year quarterly average of 22.8 and 46% more than its last 4 quarters average of 30.7
The company's EPS has shrunk by 81% YoY and by 9% QoQ
The stock's price to book (P/B) is 41% less than its 5-year quarterly average of 5.1
FTV's equity is up by 5% year-on-year and by 2.1% since the previous quarter
The stock's price to sales (P/S) is 19% less than its 5-year quarterly average of 3.9 but 4.7% more than its last 4 quarters average of 3.0
Fortive's revenue has increased by 4.9% YoY but it has decreased by 3.9% from the previous quarter
Efficiency
How efficient is Fortive business performance
The return on assets has dropped by 83% year-on-year and by 6% since the previous quarter
The company's return on equity has shrunk by 83% YoY and by 9% QoQ
The ROIC has dropped by 76% year-on-year and by 3.1% since the previous quarter
The company's return on sales has shrunk by 71% YoY and by 2.3% QoQ
Dividends
What is FTV's dividend history
DPS
$0.28
Dividend yield
0.42%
Payout ratio
18.9%
Recent dividends
Financial health
How did Fortive financials performed over time
The total assets is 80% more than the total liabilities
The quick ratio has declined by 32% since the previous quarter and by 12% year-on-year
Fortive's current ratio has decreased by 30% from the previous quarter and by 8% YoY
The debt is 20% less than the equity
FTV's debt to equity is down by 12% year-on-year and by 8% since the previous quarter
The debt has contracted by 8% YoY and by 6% from the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.