FTVFortive
$65.40+28% 1Y
$65.40
$49.9452 weeks$68.35
The business
How FTV's business earns
Fortive earns 7.5% on the capital it employs against an estimated 9.0% cost of capital.
7.5%
Return on invested capital · cost of capital 9.0% · 1.5 points below the estimated cost of capital
- Operating margin
- 20%
Operating margin · Scientific & Technical Instruments median 18% · 12 months to Oct 2, 2026
- Cash conversion
- 1.56×
Cash conversion · 1.90× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- −8.8%
Share count, year on year · fewer shares than a year ago
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2020 | 12% |
| FY2021 | 15% |
| FY2022 | 17% |
| FY2023 | 15% |
| FY2024 | 18% |
| FY2025 | 17% |
Details›
- Gross margin12 months to Oct 2, 2026
- 63%
- Operating margin12 months to Oct 2, 2026
- 20%
- Net margin12 months to Oct 2, 2026
- 15%
- Free cash flow margin
- 25%
- R&D as % of revenue
- 6.1%
- Revenue, trailing twelve months
- $4.40B
- Free cash flow, trailing twelve months
- $1.09B
- Net income, trailing twelve months
- $652M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 7.5%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Scientific & Technical Instruments
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