Based in Washington, Fortive Corporation is a diversified industrial growth company. It provides industrial technology and professional instrumentation solutions on a global basis.

Fortive was spun out of Danaher Corp. in July 2016. It made debut as an independently-traded company under the ticker FTV on Jul 5. As part of the separation from Danaher, each Danaher shareholder received a share of Fortive common stock for every two shares of Danaher stock.

On Oct 9, 2020, Fortive completed separation of the Industrial Technologies segment by distributing 80.1% of the outstanding shares of Vontier Corporation — the entity incorporated to hold such businesses — to Fortive stockholders on a pro-rata basis.

The company operates through three segments: Intelligent Operating Solutions, Precision Technologies and Advanced Healthcare Solutions.
Segment contribution in 2021 was as follows - Intelligent Operating Solutions accounted for 41%, Precision Technologies contributed 35% and Advanced Healthcare Solutions added the remaining 24% to total sales.

Segment wise, sales for 2021 were as follows: Intelligent Operating Solutions segment generated revenues of $2.2 billion, which increased 15.2% on a year-over-year basis. Precision Technologies generated revenues of $1.9 billion, up 12% from the prior year. Advanced Healthcare Solutions generated revenues of $1.2 billion, which increased 12.5% from a year ago.

For 2021, revenues were up 13.1% year over year to $5.3 billion.

Fortive has manufacturing, R&D and other facilities in more than 40 countries across North America, Asia Pacific, Europe, as well as Latin America.

The United States was the single largest geography in 2021, with a revenue share of 51%.  China accounted for 12.4% revenues. The remaining countries accounted for less than 5% of total sales.

Fortive have a large number of competitors. Presently, EMR, ROP, ST, CGNX, AME, NATi, ITRI, among others, put forth stiff competition to the company.