Fortive Isn't Ready For An Upgrade Yet

Fortive Corporation remains a "Hold" as absolute valuation is not compelling, despite relative cheapness versus peers. FTV's revenue grew from $3.92 billion in 2023 to $4.16 billion in 2025, but net profits declined, with adjusted operating cash flow and EBITDA improving. Both Intelligent Operating Solutions and Advanced Healthcare Solutions segments saw organic growth and margin expansion, driven by pricing and innovation.