# Fortive (FTV) Forecast Calculator

Interactive five-year financial forecast and DCF for Fortive. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/fortive/forecast
- Industry: Industrials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 4563900000 | 1196900000 | 785400000 | 738900000 |
| 2022 | 4634400000 | 1361000000 | 923400000 | 1613300000 |
| 2023 | 5254700000 | 911100000 | 1208300000 | 608400000 |
| 2024 | 5825700000 | 1207400000 | 1453000000 | 755200000 |
| 2025 | 3913900000 | 1275000000 | 1000200000 | 865800000 |

## Frequently asked questions

### What does Fortive Corporation do?

Fortive is a diversified industrial technology conglomerate that provides essential technologies for connected workflow solutions across industrial and healthcare applications. The company operates an asset-light business model, with approximately 50% of its revenue derived from recurring software subscriptions, consumables, and services.

### What are the main revenue drivers for Fortive?

Fortive's revenue is primarily driven by recurring software subscriptions, consumables, and services, which account for about 50% of its total revenue. The company also generates revenue from its Intelligent Operating Solutions and Advanced Healthcare Solutions segments through advanced instrumentation, software, and hardware.

### What is Fortive's capital expenditure strategy?

Fortive maintains a very low capital expenditure as a percentage of revenue, typically ranging from 2.0% to 3.0%. Maintenance capex accounts for roughly 40% of this, with the remaining 60% dedicated to growth initiatives and capitalized software development. The company's primary use of capital is serial, transformational acquisitions, focusing on software and recurring-revenue businesses.

### How does Fortive's business model impact its profitability and balance sheet structure?

Fortive operates a highly profitable, asset-light business model characterized by high barriers to entry and sticky customer relationships. Its balance sheet is dominated by goodwill and intangible assets, representing over 60% of total assets due to a history of serial acquisitions. The company also benefits from a negative working capital dynamic in its software businesses due to upfront cash collection.

### What is the forecast horizon for the Fortive financial model?

The downloadable Excel model for Fortive provides a forecast horizon spanning from Fiscal Year 2026 through Fiscal Year 2030. This comprehensive model is designed to support equity valuation and scenario planning for the company.

### Can I download an Excel financial model for Fortive?

Yes, an Excel financial model for Fortive is available for download, offering a comprehensive equity valuation and scenario planning tool. This model enables analysts to forecast the company's recurring revenue growth, margin expansion, and capital allocation strategy following the mid-2025 spin-off of its Precision Technologies segment.