NYSEIndustrialsHardware, Equipment & PartsSnapshot 2026-08-31
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Create your account →Intact: The reason to own it still holds.
Fortive keeps beating earnings with 7.7% revenue growth last quarter. It aims for EPS near $3.00 in 2026. Cash from operations improved to $717 million in 2025-Q3. The company has a strong balance sheet and moderate valuation.
EPS growth may slow as guidance is soft and management is volatile. Cash flow improvements are mixed and debt increased with new notes. Sector headwinds could pressure demand and margins.
The price is about 2% above our fair value near $62, in line with the Street median. Analysts expect about 4% revenue growth, which is modest compared to recent beats. Our view is slightly more optimistic on EPS and cash flow.
Breaks if: Debt rises sharply without offsetting cash flow or buybacks stop
Breaks if: cash from operations falls below $700 million in 2025-Q3
EPS falls below $2.90 in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on profitable growth. The current thesis state is intact, supported by recent strong financial performance and management's commitment to their strategic priorities.
The market appears to have priced in a neutral valuation, suggesting that expectations are modest. FTV is seen as cheap compared to its peers, indicating that there may be an expectations gap that could be addressed by continued strong performance.
Fundamentals are likely to remain stable, given management's strong execution of their growth strategy. However, there is a moderate risk of missing guidance, which could impact investor confidence.
The thesis hinges on the performance of sector bellwethers and FTV's ability to maintain or raise guidance. Any reversal in guidance could significantly impact credibility and market perception.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no new threats impacting the thesis.
as of 2026-08-31
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Fortive aims to maintain its EPS guidance range of $2.90 to $3.00 for the fiscal year 2026.
Breaks if: YoY revenue growth falls below 4% next year
Overall, FTV's prospects look solid for the next 1 to 3 years, but vigilance is needed regarding sector performance and guidance. Not investment advice.
