Fortive Corp

Fortive Corp is a U.S.-based industrial technology company that designs, manufactures, and services professional products, software, and connected workflow solutions for industrial and healthcare end markets. After separating its Precision Technologies business into Ralliant in June 2025, Fortive now focuses on Intelligent Operating Solutions and Advanced Healthcare Solutions, supported by a global operating footprint across roughly 50 countries.

27,8 %

63,5 %

13,9 %

+1,9 %

0.71

0.58

— Fortive Corp
%
Intelligent Operating Solutions55% Software-enabled tools and workflow solutions that help customers improve productivity, safety, and uptime.
Advanced Healthcare Solutions25% Products and technologies used in healthcare settings, including equipment and workflow tools for clinical environments.
Service and aftermarket support10% Installation, maintenance, calibration, and support services tied to installed equipment and software.
Legacy Precision Technologies discontinued operations10% Former precision measurement and test businesses separated into Ralliant in June 2025.

Fortive sells mainly to business and institutional customers that need reliable tools, software, and service to run...

  • Industrial and manufacturing customersprimary

    Buy measurement, control, and workflow tools to improve safety, productivity, and equipment uptime.

  • Healthcare providers and clinical operatorsprimary

    Buy advanced healthcare products and services to support clinical workflows and patient care.

  • Government and public-sector entitiessecondary

    Buy products and services through regulated procurement channels where compliance and reliability matter.

  • Aftermarket and installed-base customerssecondary

    Buy service, maintenance, and replacement parts to extend asset life and maintain performance.

Fortive is headquartered in Everett, Washington and operates globally, with R&D, manufacturing, sales, distribution,...

  • •Headquartered in Everett, Washington, United States
  • •Operations span approximately 50 countries worldwide
  • •About 44%-46% of 2024 sales came from outside the U.S.
  • •Exposure to U.S., China, and other critical regional markets
  • •Global footprint supports local sales, service, and manufacturing

Fortive’s current strategy centers on the Fortive Business System, using sourcing, production, logistics, pricing, and...

01
Operational productivity through Fortive Business Systemshort-term

Helps protect margins and service levels in a competitive, inflationary environment.

02
Portfolio simplification after the Ralliant spin-offshort-term

Creates a more focused company centered on operating solutions and healthcare.

03
Organic innovation and market expansionmedium-term

New products and software are needed to defend market positions and enter growth markets.

04
Disciplined capital allocationmedium-term

Acquisitions and investments must support long-term returns and fit the strategy.

Fortive faces cyclical demand, pricing pressure, and execution risk in markets that are highly competitive and...

high

Competitive pricing pressure

The company operates in fragmented, highly competitive markets with low-cost and specialized rivals.

Scope
Industrial instruments, software, and healthcare solutions
Materiality
high
high

Foreign exchange and tariff volatility

A large share of sales and operations are outside the U.S., and management explicitly cites FX and trade policy risk.

Scope
International revenue, sourcing, and manufacturing
Materiality
high
high

Separation and indemnification liabilities

The Ralliant spin-off may create disputes, indemnity claims, and transition-related costs.

Scope
Post-separation obligations with Ralliant
Materiality
high
medium

Macroeconomic and end-market cyclicality

Industrial and healthcare demand can slow when capital spending, elective surgery rates, or broader activity weakens.

Scope
U.S., China, and other critical regions
Materiality
high
medium

Goodwill and intangible asset impairment

A large acquired asset base can be written down if market conditions or performance deteriorate.

Scope
Reporting units and acquired brands/technology
Materiality
high
Revenue recognition
Can affect quarterly comparability and reported growth
Goodwill and acquired intangibles
Potential non-cash charges if business outlook weakens
Discontinued operations and separation accounting
Affects trend analysis and comparability across periods
Indemnification and contingent liabilities
Could affect cash flows and earnings if liabilities are recognized

Fortinet, Inc.

FTNT · Computer Peripheral Equipment, NEC

Ralliant Corp

RAL · Industrial Instruments For Measurement, Display, and Control

Forian Inc.

FORA · Services-Computer Processing & Data Preparation

Forgent Power Solutions, Inc.

FPS · Electrical Industrial Apparatus

Definitive Healthcare Corp.

DH · Services-Prepackaged Software

Fortress Biotech, Inc.

FBIO · Pharmaceutical Preparations

: 11/08/2026