Mission Statement, Vision, & Core Values of Fortive Corporation (FTV)

What drives a company that generated $6.23 billion in revenue in 2024 and strives to deliver essential technologies to solve the world's most critical challenges?

Have you ever wondered what principles guide such a large organization, impacting industries from healthcare to workplace safety?

Let's delve into the core of their identity by exploring the mission statement, vision, and core values that shape every decision and innovation within the company. Discover how these elements contribute to their strategic goals and commitment to progress.

Fortive Corporation (FTV) An Overview of

Fortive Corporation, a diversified industrial technology company, has evolved into a significant player in various sectors since its spin-off from Danaher Corporation in 2016. The company operates through three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Fortive provides essential technology and services for a variety of industries, including healthcare, automation, and transportation.

As of April 2025, Fortive continues to deliver innovative solutions to its customers globally. Check out more about the company's history, ownership, and mission: Fortive Corporation (FTV): History, Ownership, Mission, How It Works & Makes Money

Fortive's financial performance in its latest reporting period demonstrates robust growth and strategic execution. In the fiscal year 2024, Fortive reported record-breaking revenue, driven significantly by its key product lines and expansion into emerging markets. Here are some key highlights:

• Total revenue reached $6.28 billion, marking a 10.6% increase compared to the previous year.
• Gross profit was $3.48 billion, representing 55.4% of revenue.
• Net earnings were reported at $1.14 billion, or $3.28 per diluted share.
• Cash flow from operations totaled $1.42 billion, and free cash flow was $1.27 billion.

The Intelligent Operating Solutions segment saw revenue increase to $2.29 billion, while the Precision Technologies segment achieved $2.11 billion in revenue. The Advanced Healthcare Solutions segment reported revenue of $1.88 billion. These figures reflect strong demand and effective market penetration across all segments.

Fortive Corporation stands as a leader in the industrial technology sector, driven by its commitment to innovation and strategic growth. Its diverse portfolio and strong financial results highlight its position as a key player in the industry. To truly understand the factors driving Fortive's success, delve deeper into its mission, vision, and core values.

Fortive Corporation (FTV) Mission Statement

Fortive Corporation's mission is to provide essential technology for those who create, implement, and accelerate progress. The company focuses on empowering individuals and organizations by providing the tools necessary to drive innovation, improve efficiency, and positively impact the world.

This mission guides Fortive's strategic decisions, ensuring alignment with its core values and goals. It influences the products and services offered, emphasizing innovative solutions that drive growth and advancement. The mission also shapes the company's market positioning and competitive advantage, ensuring it remains focused on long-term success and avoids short-term distractions.

The mission statement encompasses three core components:

• Essential Technology: Fortive delivers critical technologies that customers rely on to achieve their objectives.
• Empowering People: The company equips individuals and organizations with tools to drive innovation and efficiency.
• Accelerating Progress: Fortive is dedicated to helping customers make a positive impact on the world.

Essential Technology

Fortive provides essential technologies across various sectors, including workplace safety, engineering, and healthcare. These technologies are designed to make the world stronger, safer, and smarter. The company's focus on essential technology ensures that its products and services are critical to its customers' operations and success.

In 2024, Fortive allocated $462 million to research and development, representing 6.3% of its total annual revenue, demonstrating its commitment to maintaining technological leadership through strategic investments and innovation.

Empowering People

Fortive empowers individuals and organizations by providing them with the tools and solutions they need to drive innovation and efficiency. This empowerment is achieved through the development of hardware and software-enabled solutions, applied intelligence, and advanced analytics.

The company's culture fosters a collaborative and forward-thinking environment where employees are empowered to excel. Fortive invests in its people, providing opportunities for personal learning and growth. The company also promotes inclusion and diversity, recognizing the power of people working together to solve complex problems.

Accelerating Progress

Fortive is dedicated to helping its customers make a positive impact on the world through its technologies and solutions. This commitment is reflected in the company's focus on sustainability and corporate social responsibility.

The company's products ensure the efficacy of EV chargers and solar panels, optimize power grids, sterilize medical equipment, enable greener construction, and detect noxious gasses. By providing these solutions, Fortive contributes to a safer, more sustainable world.

Fortive Business System (FBS) is implemented across 100% of its operating companies, driving continuous improvement. This system focuses on quality, delivery, cost, and innovation, ensuring that Fortive consistently delivers high-quality products and services.

Explore more about Fortive Corporation in this insightful piece: Exploring Fortive Corporation (FTV) Investor Profile: Who’s Buying and Why?

Fortive Corporation (FTV) Vision Statement

Fortive Corporation operates with a clearly defined mission, vision, and set of core values. These elements guide the company's strategic decisions and daily operations. Understanding these foundational statements provides insight into Fortive's goals, aspirations, and the principles that shape its corporate culture.

Mission Statement

Fortive's mission is to accelerate progress for a safer, smarter, and more sustainable world. This statement reflects the company's commitment to developing and delivering essential technology in various sectors. Fortive focuses on creating solutions that enhance safety, improve efficiency, and promote sustainability across industries.

This mission is pursued through several key strategies:

• Innovation: Continuously developing new technologies and improving existing products to meet evolving customer needs.
• Customer Focus: Understanding and addressing the specific challenges faced by customers to provide tailored solutions.
• Operational Excellence: Streamlining processes and maximizing efficiency to deliver high-quality products and services.
• Sustainability: Integrating sustainable practices into business operations and product development to minimize environmental impact.

Vision Statement

Fortive aims to be essential partners for its customers. The vision underlines the company's aspiration to achieve market leadership and to be recognized as a crucial ally by its clientele. Fortive seeks to embed its solutions deeply within its customers' workflows, ensuring long-term partnerships and mutual success.

Key components of Fortive's vision include:

• Customer-Centric Approach: Prioritizing customer needs and working collaboratively to achieve shared goals.
• Technological Leadership: Remaining at the forefront of technological innovation to provide cutting-edge solutions.
• Market Expansion: Growing its presence in key markets and industries to serve a broader customer base.
• Strategic Partnerships: Building strong relationships with other organizations to enhance its capabilities and reach.

Core Values

Fortive's core values are the guiding principles that define the company's culture and behavior. These values influence how Fortive employees interact with each other, customers, and stakeholders.

The primary core values include:

• Integrity: Upholding the highest ethical standards in all interactions and decisions.
• Respect: Valuing diversity and treating everyone with dignity and fairness.
• Teamwork: Collaborating effectively to achieve common goals.
• Customer Focus: Prioritizing customer satisfaction and building long-term relationships.
• Continuous Improvement: Striving for excellence and constantly seeking ways to improve performance.

These values are embedded into Fortive’s daily operations and long-term strategies, helping to maintain a cohesive and effective corporate environment. To delve deeper into Fortive Corporation's financial standing, consider exploring: Breaking Down Fortive Corporation (FTV) Financial Health: Key Insights for Investors

Fortive Corporation (FTV) Core Values

Company's core values reflect its commitment to integrity, innovation, and customer success. These values guide the company's actions and decisions, shaping its culture and driving its performance. Understanding these values provides insight into how Company operates and its dedication to various stakeholders.

Customer Obsession

Company is deeply committed to understanding and meeting the needs of its customers. This dedication is evident in its continuous efforts to innovate and improve its products and services. By prioritizing customer satisfaction, Company aims to build long-term relationships and ensure sustained success. This core value emphasizes that customer insights drive innovation and service improvements within Company.

Bias for Action

Company fosters a culture that values decisiveness and swift action. This means encouraging employees to take initiative and implement solutions quickly. By minimizing delays and bureaucracy, Company can respond effectively to market changes and customer needs. The 'Bias for Action' core value translates to a proactive approach in addressing challenges and opportunities.

Innovation Mindset

Innovation is at the heart of Company's operations. The company continually seeks new and better ways to serve its customers and improve its products. This involves fostering a culture of creativity and experimentation, where employees are encouraged to think outside the box and challenge the status quo. Company's innovation mindset is geared towards developing cutting-edge solutions that address evolving customer needs.

Continuous Improvement

Company is dedicated to constantly enhancing its processes, products, and services. This commitment involves regularly evaluating performance and identifying areas for improvement. By embracing a culture of continuous improvement, Company ensures it remains competitive and delivers increasing value to its customers. This value drives Company to refine its operations and offerings persistently.

Teamwork

Company emphasizes the importance of collaboration and mutual support among its employees. By working together effectively, teams can achieve more than individuals working alone. This collaborative spirit fosters a positive work environment and drives better outcomes for the company and its customers. The core value of teamwork promotes synergy and collective problem-solving within Company.

Integrity

Company upholds the highest standards of ethical conduct in all its activities. This commitment to integrity ensures that the company operates transparently and honestly, building trust with customers, employees, and stakeholders. By prioritizing ethical behavior, Company creates a culture of accountability and responsibility. Integrity is fundamental to Company’s reputation and long-term sustainability. You might be also interested in Breaking Down Fortive Corporation (FTV) Financial Health: Key Insights for Investors