Fortive's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Fortive (FTV) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Fortive vs Its Competitors
- TTM: Trailing 12-month revenue of 4,395M vs 1,080M combined for its competitors (80.3% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+0.8% annualized vs trailing 12 months), vs accelerating (+2.9%) for its tracked peer group.
- Growth: Fortive generated 7.9% revenue growth year over year in Q3 2026, vs 24.9% for its competitors combined.
- Profitability: Its 15.6% net margin compares with 2.7% for the peer group.
- Scale: Fortive ranks #10 of 71 companies by market capitalization in the IT Infrastructure industry, holding 2.9% of industry market cap.
- Peer revenue share: Fortive accounted for 80.0% of combined revenue among its tracked peer group, down from 82.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.44M compares with $0.33M for the peer group (1.3x).
- Structure: Fortive operates in the following segments: Intelligent Operating Solutions, Advanced Healthcare Solutions.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FTV Sales vs. its Competitors, Q3 2026
Fortive reported revenue growth of 7.92 % year on year in Q3 2026, below its competitors' combined revenue growth of 24.85 %.
With a net margin of 15.58 %, Fortive achieved higher profitability than its competitors (2.66 %).
Fortive generated 79.95 % of the combined sales of its peer group, down from 82.18 % a year earlier.
API endpoints for this dataset
Fortive vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Fortive reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Fortive and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Fortive Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Fortive's competitor groups requires a Commercial License.
For context: the IT Infrastructure industry grew revenue 26.5% year over year, combined, vs 7.9% for Fortive. Fortive's share of combined industry revenue moved from 1.85% to 1.58%, a loss of 0.27 percentage points.
Fortive's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Fortive Corporation | Yes | No | No | No |
| Competitors combined (1) | ||||
| High-Confidence Competitors (6) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 62.50 % (5 of 8) | 12.50 % (1 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
FTV Stock Performance relative to its Competitors
FTV Stock Performance relative to High-Confidence Competitors
FTV Stock Performance relative to Similar-Size Competitors
FTV Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Mirion Technologies Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Fortive's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Fortive Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Fortive Corporation |
19,865.94 | 4,395.30 |
 Mirion Technologies Inc |
4,903.82 | 1,080.20 |
| SUBTOTAL | 24,769.76 | 5,475.50 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Fortive Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Fortive's Competitors Named by the Company
Competitive relationships identified from Fortive reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Mirion Technologies Inc | Company report | 85% |
| Steris Plc | Company report | 85% |
| Steris Plc | Company report | 85% |
| Solventum Corporation | Company report | 85% |
| Franklin Electric Co Inc | Company report | 85% |
| Keysight Technologies inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Fortive's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Fortive's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Fortive Corporation | Intelligent Operating Solutions 69.26 % |
| Mirion Technologies Inc | Nuclear & Safety 69.83 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Fortive's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Fortive Corporation | 19,866 | 439,530 | 65,190 |
| Mirion Technologies Inc | 4,904 | 329,229 | 9,113 |
| PEERS TOTAL | 4,904 | 329,229 | 9,113 |
Fortive's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Fortive Corporation | North America 61.23 % |
| Mirion Technologies Inc | North America 71.60 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Fortive's Position in Industry Market Structure
Market-capitalization share and concentration across all 66 companies in Fortive's industry classification, broader than the peer set above. Market cap in millions of $.Fortive ranks #10 of 66 companies by market capitalization in its industry, holding 2.90 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,082, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Danaher Corporation | 162,925 | 23.50 % |
| 2 | Amphenol Corporation | 96,161 | 13.87 % |
| 3 | Vertiv Holdings Co | 71,818 | 10.36 % |
| 4 | Ametek Inc | 52,561 | 7.58 % |
| 5 | Roper Technologies Inc | 1,234 | 5.2% |
| 6 | Keysight Technologies inc | 1,234 | 5.2% |
| 7 | Teradyne Inc | 1,234 | 5.2% |
| 8 | Veralto Corporation | 1,234 | 5.2% |
| 9 | Hubbell Inc | 1,234 | 5.2% |
| 10 | Fortive Corporation | 20,108 | 2.90 % |
Market cap and industry share for the rest of Fortive's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Fortive's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 5 | Roper Technologies Inc | 47,946 | 6.20 % |
| 6 | Keysight Technologies inc | 47,078 | 46.03 % |
| 7 | Teradyne Inc | 34,411 | 21.25 % |
| 8 | Veralto Corporation | 28,781 | 14.86 % |
| 9 | Hubbell Inc | 1,234 | 12.3% |
| 10 | Fortive Corporation | 20,108 | 29.49 % |
| 11 | Ul Solutions Inc | 1,234 | 12.3% |
| 12 | Mks Inc | 1,234 | 12.3% |
| 13 | Advanced Energy Industries inc | 1,234 | 12.3% |
| 14 | Cognex Corp | 1,234 | 12.3% |
| 15 | Ralliant Corporation | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Fortive's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Fortive's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the IT Infrastructure industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (97 companies). See the full IT Infrastructure industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 63.48 % | 32.83 % (avg) | +30.7 pp |
| Operating Margin | 19.63 % | industry median | -0.5 pp |
| EBITDA Margin | 34.65 % | 5.08 % (avg) | +29.6 pp |
| Capital Intensity (Capex / Revenue) | 2.61 % | 4.57 % (avg) | -2.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Fortive's Valuation vs Competitive Position
Valuation multiples vs the IT Infrastructure industry average (97 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full IT Infrastructure industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 28.6x | 34.0x | -5.4x |
| EV / EBITDA | 14.1x | 20.6x | -6.5x |
| P/B | 2.9x | 4.5x | -1.5x |
| Return on Equity | 10.61 % | industry aggregate | -6.31 % |
| Return on Invested Capital | 5.29 % | 0.30 % (avg) | 4.99 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Fortive's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -3.05 % | 13.44 % | -36.69 % | 13.38 % | 10.85 % | 4.13 % | 2.74 % | -17.49 % |
| Operating Margin | 18.26 % | 13.72 % | 11.64 % | 15.47 % | 16.95 % | 18.69 % | 11.50 % | 14.01 % |
| Return on Invested Capital | 7.57 % | 4.84 % | 2.47 % | 3.79 % | 4.43 % | 4.98 % | 2.86 % | 3.46 % |
| P/E | 5.3x | 23.3x | 17.9x | 45.9x | 31.4x | 21.4x | 24.3x | 30.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Fortive's Strategic Group Map
Fortive is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Fortive's trailing-12-month revenue growth of -22.1% and operating margin of 19.6% compares with an average of -5.7% growth and 7.9% margin across its 8 closest peers by combined growth, margin and ROIC -- Fortive sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Fortive's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Fortive falls in the Dog quadrant: relative market share of 0.12x vs its largest competitor, in an industry growing revenue 9.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Fortive's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,082 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.61 % vs industry average 4.57 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Fortive's dedicated Suppliers and Customers pages, not here.
Fortive's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Fortive falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Fortive's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 6.3 points below the industry aggregate.
- Low relative market share vs the industry leader (0.12x).
Opportunities
- Trades at a lower P/E than the industry average (28.6x vs 34.0x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Fortive's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Fortive Corporation | 0.21 | 0.90 | 0.63 |
| Mirion Technologies Inc | 1.39 | 3.05 | 0.52 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Fortive's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Fortive Corporation | Q3 2026 | +7.9 % | +213.6 % |
| Mirion Technologies Inc | Q3 2026 | +24.9 % | +138.7 % |
| PEERS TOTAL | +10.9 % | +209.6 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Fortive's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Fortive Corporation | Q3 2026 | +5.0 % | +3.1 % |
| Mirion Technologies Inc | Q3 2026 | +24.0 % | +28.0 % |
Fortive's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Fortive Corporation | 5.62% | 6.42% | 10.61% |
| Mirion Technologies Inc | 0.85% | 0.88% | 1.59% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Fortive's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Fortive Corporation | 31.58 | 4.52 |
| Mirion Technologies Inc | 163.36 | 4.54 |
| PEERS AVERAGE | 36.33 | 4.52 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.