Fortive Corporation Building A Conglomerate For Connected Workflow Solutions

Feb. 02, 2023 3:33 PM ETFortive Corporation (FTV)
Dhrumil Patel profile picture
Dhrumil Patel


  • Fortive Corporation was spun off from Danaher in 2016 and, like Danaher, follows a business and manufacturing playbook it calls the Fortive Business System.
  • It reported 4th quarter and 2022 full year results on 2/1/22 and delivered double-digit revenue and earnings per share growth on both a quarterly and full year basis.
  • Full year 2022 and Q4-2022 free cash flow grew 28% and 62%, respectively.
  • Trailing returns lag the market, but Fortive expects +75 bps operating margin expansion in 2023 along with $3.33 adjusted earnings per share (at the midpoint) in 2023. At current prices, Fortive trades at a 19.8 forward earnings multiple, below its 22.19 5-year average.

Precise mechanics on robotic arm in industry

Drazen_/E+ via Getty Images

Company Overview

Fortive Corporation (NYSE:FTV) was spun off from Danaher Corporation (DHR) in July 2016 and began trading publicly on the New York Stock Exchange. Currently, the company operates and reports financial results in

FTV Financial Highlights

FTV Q4 and FY2022 Financials (FTV Investor Relations)

FTV Q4-2022 Revenue

FTV Q4-2022 Revenue (FTV Investor Relations)

FTV 2023 Outlook

FTV 2023 Outlook (FTV Investor Relations)

Data by YCharts

This article was written by

Dhrumil Patel profile picture
I enjoy following the financial markets, doing my own research of companies or brands that interest me, and summarizing my views on this forum. Happy investing!

Disclosure: I/we have a beneficial long position in the shares of FTV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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