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Fortive (FTV)

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Earnings summaries and quarterly performance for Fortive.

Research analysts who have asked questions during Fortive earnings calls.

Andrew Kaplowitz

Andrew Kaplowitz

Citigroup

7 questions for FTV

Also covers: ACM, AOS, APG +29 more
Deane Dray

Deane Dray

RBC Capital Markets

7 questions for FTV

Also covers: AME, ATKR, CARR +20 more
JS

Jeffrey Sprague

Vertical Research Partners

7 questions for FTV

Also covers: ALLE, AME, AYI +23 more
JG

Joseph Giordano

TD Cowen

7 questions for FTV

Also covers: ABLZF, AME, APH +21 more
JM

Julian Mitchell

Barclays Investment Bank

7 questions for FTV

Also covers: AIRJ, ALLE, AME +26 more
SD

Scott Davis

Melius Research

7 questions for FTV

Also covers: CARR, DD, DHR +16 more
NC

Nigel Coe

Wolfe Research, LLC

6 questions for FTV

Also covers: AME, CARR, CNM +28 more
Christopher Snyder

Christopher Snyder

Morgan Stanley

5 questions for FTV

Also covers: ALH, ALLE, AME +20 more
Jamie Cook

Jamie Cook

Truist Securities

4 questions for FTV

Also covers: ACM, AGCO, AME +17 more
ST

Steve Tusa

JPMorgan Chase & Co.

4 questions for FTV

Also covers: AIN, ALTR, CARR +15 more
AB

Andrew Buscaglia

BNP Paribas

3 questions for FTV

Also covers: AME, APH, CGNX +11 more
AO

Andrew Obin

Bank of America

3 questions for FTV

Also covers: ALH, ALLE, AME +17 more
CS

C. Stephen Tusa

JPMorgan Chase & Co.

2 questions for FTV

Also covers: ADSK, ANSS, APG +17 more
JO

Joseph O'Dea

Wells Fargo & Company

2 questions for FTV

Also covers: ALLE, ATMU, AYI +15 more
JO

Joseph O'Dea

Wells Fargo

2 questions for FTV

Also covers: DOV, HUBB, JCI +1 more
Bradley Hewitt

Bradley Hewitt

Wolfe Research

1 question for FTV

Also covers: ITT, JBI, SPXC +2 more
RM

Robert Mason

Robert W. Baird & Co.

1 question for FTV

Also covers: AEIS, AME, ATMU +12 more
Scott Graham

Scott Graham

Seaport Research Partners

1 question for FTV

Also covers: AEIS, AME, AOS +8 more

Recent press releases and 8-K filings for FTV.

Fortive reports Q4 2025 results
FTV
Earnings
Guidance Update
Share Buyback
  • Q4 revenue of $1.1 billion (+4.5% reported; +3% core) and Adjusted EPS of $0.90 (+13%); FY 2025 Adjusted EPS of $2.71 (+12%)
  • Q4 Adjusted EBITDA of $358 million (+8%); Q4 Free Cash Flow of $315 million and FY FCF of $930 million with >100% conversion
  • Share repurchases: $265 million in Q4, totaling $1.3 billion in H2 2025
  • 2026 guidance: Adjusted EPS of $2.90–$3.00 (~9% growth at midpoint), core revenue growth of 2%–3%, mid-teens tax rate, net interest expense ~$120 million; ~315 million diluted shares
6 hours ago
Fortive reports Q4 2025 earnings
FTV
Earnings
Share Buyback
Guidance Update
  • Fortive delivered Q4 2025 total revenue of $1.1 billion (+4.5% y/y reported; +3% core), Adjusted EBITDA of $358 million (+8%; 32% margin), and Adjusted EPS of $0.90 (+13%).
  • Full-year 2025 Adjusted EPS was $2.71 (+12%), with free cash flow of $930 million (conversion >100%) and $265 million of share repurchases in Q4 (H2 total of $1.3 billion).
  • Segment results: IOS revenue grew just over 5% reported (4% core) with $288 million Adjusted EBITDA (+8%; 37% margin); AHS revenue was $353 million (+3% reported; 1.6% core) with $92 million Adjusted EBITDA (26% margin).
  • Fortive initiated 2026 guidance for Adjusted EPS of $2.90–$3.00 (≈9% y/y growth at midpoint) and core revenue growth of 2–3%, assuming current FX and tariff levels.
7 hours ago
Fortive announces Q4 2025 earnings results
FTV
Earnings
Guidance Update
Share Buyback
  • In Q4 2025, Fortive delivered $1.1 billion in revenue, up 4.5% year-over-year on a reported basis and 3% on a core basis; IOS segment core growth was 4%, and AHS core growth was 1.6%.
  • Q4 adjusted EBITDA was $358 million, up 8% year-over-year, with margins expanding about 100 bps to nearly 32%, and adjusted EPS was $0.90, up 13%; full-year adjusted EPS came in at $2.71, exceeding guidance.
  • The company generated $315 million of free cash flow in Q4 and $930 million for the full year, with free cash flow conversion north of 100%; Fortive repurchased $265 million of shares in Q4 (totaling $1.3 billion in H2 2025) and had 315 million diluted shares outstanding as of the call.
  • Fortive initiated 2026 adjusted EPS guidance of $2.90–$3.00, implying approximately 9% year-over-year growth at the midpoint, expects 50–100 bps of margin expansion, and assumes 315 million shares outstanding.
7 hours ago
Fortive reports Q4 and full year 2025 results
FTV
Earnings
Guidance Update
Share Buyback
  • Full-year 2025 revenue of $4.16 billion (+1.9% YoY); GAAP diluted EPS of $1.59 and adjusted diluted EPS of $2.71, exceeding the high end of guidance
  • Q4 2025 revenue of $1.12 billion (+4.6% YoY; core +3.3%) and adjusted diluted EPS of $0.90 (+12.5% YoY)
  • Deployed $265 million in share repurchases in Q4, bringing H2 2025 buybacks to ~$1.3 billion (8% of diluted shares)
  • Initiated FY 2026 adjusted EPS guidance of $2.90–$3.00
13 hours ago
Fortive reports Q4 and full year 2025 results
FTV
Earnings
Guidance Update
Share Buyback
  • Fortive delivered Q4 2025 revenue of $1.12 billion (up 4.6% YoY; core +3.3%), GAAP diluted EPS of $0.60 (+7.1%), and adjusted diluted EPS of $0.90 (+12.5%).
  • Q4 adjusted EBITDA grew 7.8% to $358 million, Free Cash Flow was $314 million, and the company repurchased $265 million of shares (H2 total ~$1.3 billion).
  • For FY 2025, revenue reached $4.16 billion (+1.9%; core +1.7%), GAAP EPS was $1.59 (+16.1%), adjusted EPS was $2.71 (+12.0%), and Free Cash Flow was $931 million.
  • Fortive initiated FY 2026 adjusted EPS guidance of $2.90 to $3.00.
13 hours ago
Fortive announces Q4 2025 results
FTV
Earnings
Guidance Update
Share Buyback
  • Fortive delivered Q4 2025 revenue of $1.123 billion, up 4.6% YoY (+3.3% core).
  • Q4 adj. EPS was $0.90, up 12.5% YoY, driven by EBITDA growth and share repurchases.
  • Free cash flow in Q4 was $314 million, representing 109% conversion on adj. net income.
  • Deployed $265 million in Q4 share repurchases (~5 million shares) and $1.3 billion in 2H 2025, supporting disciplined capital allocation.
  • Initiated FY 2026 adj. EPS guidance of $2.90–$3.00, up from $2.71 in FY 2025.
13 hours ago
Fortive unit ASP receives CE mark for ULTRA GI™ Cycle
FTV
Product Launch
  • ULTRA GI™ Cycle for the STERRAD™ 100NX Sterilizer has received CE mark approval, enabling validated sterilization of complex duodenoscopes across Europe.
  • Developed in partnership with FUJIFILM Healthcare Europe, the cycle now supports the new ED-840T and ED-840XT duodenoscope models, advancing hydrogen peroxide gas plasma sterilization technology.
  • Current ASP customers with STERRAD 100NX Sterilizers equipped with ALLClear™ Technology can upgrade their systems to access the ULTRA GI Cycle, enhancing equipment ROI and patient safety.
Jan 15, 2026, 8:00 AM
Fortive presents strategy and results at Baird Global Industrial Conference
FTV
Share Buyback
Guidance Update
  • Simplified structure post-Precision Technologies separation: completed the PT spin-off on June 28, 2025, refocusing on continuing operations with $4.1 B TTM revenue and ~50% recurring revenue (TTM Q3 2025)
  • Attractive margins and cash flow: TTM Q3 2025 adjusted gross margin of 64.2%, adjusted EBITDA margin of 29.4%, and free cash flow of $0.9 B with >100% conversion on adjusted net earnings
  • Strong segment performance: Intelligent Operating Solutions delivered $2.8 B revenue with 35% adjusted EBITDA margin; Advanced Healthcare Solutions posted $1.3 B revenue at 27% margin (TTM Q3 2025)
  • Disciplined capital allocation: deployed $1 B in Q3 to repurchase ~21 M shares (~6% of fully diluted shares) and raised FY 2025 guidance after exceeding Q3 expectations
Nov 11, 2025, 10:05 PM
Fortive presents at Baird 55th Annual Global Industrial Conference
FTV
Revenue Acceleration/Inflection
Share Buyback
Guidance Update
  • Following the spin-off of Raliant at the end of June, Fortive is now a streamlined company with a strong financial profile: $4 billion+ revenues, 65% adjusted gross margins, ~30% EBITDA margins, ~$1 billion annual free cash flow, and 50% recurring revenues.
  • In its first post-spin quarter (Q3), Fortive executed its three-pillar “Accelerator” strategy—faster organic growth, disciplined capital allocation, and building investor trust—delivering 2% core revenue growth, 10% EBITDA growth, and 15% EPS growth, and subsequently raising full-year guidance.
  • As part of disciplined capital allocation, Fortive repurchased $1 billion of shares in Q3—the largest quarterly buyback in company history—retiring 21 million shares (≈6% of diluted shares).
  • Segment highlights include accelerating Fluke’s innovation pipeline and commercial footprint (notably in data-center operations and high-growth geographies), advancing recurring software/service platforms like ServiceChannel, and a stabilizing healthcare business post-OB3A enactment.
  • Fortive reaffirmed its framework to expand adjusted EBITDA margins by 50–100 bps annually, leveraging operational discipline to fund targeted growth investments.
Nov 11, 2025, 10:05 PM
Fortive outlines Fortive Accelerated strategy at Baird Conference
FTV
Revenue Acceleration/Inflection
Share Buyback
New Projects/Investments
  • Following the June spinoff of Ralliant, Fortive now has a simplified portfolio with ~$4 billion revenue, 50% recurring revenues, 65% gross margins, ~30% EBITDA margins, and ~$1 billion in annual free cash flow with >100% net income to FCF conversion.
  • Fortive Accelerated strategy comprises three pillars: faster profitable organic growth via innovation, commercial expansion, and recurring customer value; disciplined capital allocation prioritizing small bolt-on M&A, $1 billion Q3 share repurchase (6% of shares), and a modest dividend; and building investor trust through clear guidance.
  • In Q3, Fortive achieved 2% core revenue growth, 10% adjusted EBITDA growth, 15% adjusted EPS growth, repurchased $1 billion of shares, and raised full-year guidance.
  • Growth initiatives include: expanding Fluke product innovation and sales capacity in data center O&M, EV charging, and solar markets; scaling AI-enabled facilities and asset lifecycle software outside the U.S.; and normalization of healthcare equipment demand post-OB3A Act.
  • Fortive reaffirms its financial framework of 50–100 bps annual EBITDA margin expansion driven by operating leverage and cost discipline while funding targeted growth investments.
Nov 11, 2025, 10:05 PM