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Fortive Corp - Stock Quote FTV

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Morningstar's Fortive Corp Stock Analysis

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Fortive Business System Continues to Drive Operating Margin Expansion and Boost Recurring Revenue

Business Strategy and Outlook

| Krzysztof Smalec, CFA |

Fortive, spun off from Danaher in 2016, has followed in its former parent’s footsteps and adopted the philosophy underpinning the proven Danaher Business System, which has its roots in the Toyota Production System. The Fortive Business System essentially involves acquiring moatworthy companies, expanding operating margins through Lean manufacturing principles, and redeploying cash flows into further mergers and acquisitions.

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Fortive Corp's Company Profile

Business Description

Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.3 billion in revenue and $1.2 billion in adjusted operating income in 2021.

6920 Seaway Boulevard
Everett, WA, 98203
T +1 425 446-5000
Sector Technology
Industry Scientific & Technical Instruments
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 18,000