FTVFortive Corp
Industrial Instruments For Measurement, Display, And Control
- Revenue
- $4.2B
- 1.9% YoY
- Operating margin
- 17.3%
- 1.3% YoY
- EBITDA
- $1.2B
- 0.9% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.7×
- $3.1B net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear203% of net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowFired157% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired64% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.3B | $5.8B | $3.9B | $4.1B | $4.2B | 1.9% |
| Operating income | $813M | $987M | $574M | $716M | $720M | 0.5% |
| Net income | $608M | $755M | $866M | $833M | $533M | 36% |
| Operating cash flow | $961M | $1.3B | $1.4B | $1.5B | $1.1B | 29% |
| Capex | $50M | $96M | $79M | $86M | $105M | 22% |
| Stock-based comp | $77M | $94M | $95M | $90M | $117M | 30% |
| Buybacks | $0 | $443M | $273M | $890M | $1.6B | 81% |
| Dividends | $98M | $100M | $102M | $111M | $92M | 17% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 106 | 190 |
| FY2024 | — | — | 108 | 159 |
| FY2023 | — | — | 105 | 135 |
| FY2022 | — | — | 91 | 114 |
| FY2021 | — | — | 108 | 121 |