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Fortive Corporation innovates essential technologies to keep our world safe and productive. Our strategic segments - Intelligent Operating Solutions and Advanced Healthcare Solutions - include iconic inventor brands with leading positions in their markets.
17.32% operating margin is respectable but not wide. ROIC at 5.46%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 1.9%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 32% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$4.24B
▲ +1.9% YoY
Net Income (TTM)
$544M
▼ -30.5% YoY
Op. Margin
17.63%
▼ -0.2pp YoY
ROIC
6.01%
▲ +0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$966M
▼ -32.1% YoY
Op. Cash Flow (TTM)
$1.08B
▼ -29.1% YoY
Net Debt
$3.23B
Cash & Equiv.
$356M
5Y CAGR: -2.1%
5Y CAGR: -6.4%
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