Financials

Fortive Corporation financials

FTV Industrial Conglomerates

Fortive Corporation, founded in 2016 as a spinoff from Danaher Corporation and headquartered in Everett, Washington, United States, is a diversified industrial technology and solutions company. Under CEO James A. Loree, it pursues growth through strategic acquisitions and lean operational practices. Its portfolio, featuring Fluke-branded measurement tools, advanced process control systems, and software-enabled services, generates recurring revenues with annual sales approaching $7 billion. With a focus on digital transformation and operational excellence, Fortive is well positioned to expand its market share in a competitive industrial landscape.

Snapshot

Fortive Corporation reported $8.32B in revenue in fiscal 2025, up 1.9% year over year, with an operating margin of 8.7%.

Revenue (FY2025): $8.32B
YoY growth: +1.9%
Operating margin: 8.7%
Direction: Expanding

Financial statements

In thousands, USD · annual

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	8,318,200	8,161,800	7,827,800	5,825,700
Cost of Sales	3,036,000	2,923,600	2,873,600	2,462,300
Gross Profit	2,641,100	2,619,100	2,477,100	3,363,400
Selling, General & Administrative Expenses	1,661,700	1,651,500	1,666,100	1,956,600
Research & Development Expenses	259,200	251,300	237,000	401,500
Other Operating Expenses	—	—	—	17,900
Operating Profit	720,200	716,300	574,000	987,400
Interest Expense	(120,500)	(152,800)	(123,500)	(98,300)
Non-Operating Income	2,500	(57,200)	(17,400)	(15,600)
Total Non-Operating Income	(118,000)	(210,000)	(140,900)	(113,900)
Income Before Provision for Income Taxes	602,200	506,300	433,100	873,500
Provision for Income Taxes	69,500	23,800	24,700	118,300
Consolidated Net Income	532,700	482,500	408,400	755,200
Net Income Attributable to Discontinued Operations	46,500	350,400	457,400	—
Net Income Attributable to Common Shareholders	579,200	832,900	865,800	755,200
Basic EPS	1.74	2.39	2.46	0.89
Diluted EPS	1.73	2.36	2.43	0.88
Basic Weighted Average Shares Outstanding	332,000	349,200	352,500	356,400
Diluted Weighted Average Shares Outstanding	334,600	352,800	355,600	360,800
Shares Outstanding	313,400	341,200	350,700	352,900

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	375,500	813,300	1,888,800	709,200
Total Cash and Cash Equivalents	375,500	813,300	1,888,800	709,200
Accounts Receivable	683,600	661,300	960,800	958,500
Total Trade Receivables	683,600	661,300	960,800	958,500
Inventories	291,800	269,800	536,900	536,700
Other Current Assets	254,800	847,900	285,100	272,600
Total Current Assets	1,605,700	2,592,300	3,671,600	2,477,000
Net Property, Plant & Equipment	269,800	232,900	439,800	421,900
Net Intangible Assets	2,188,400	2,530,500	3,159,800	3,487,400
Goodwill	7,298,300	7,216,000	9,121,700	9,048,500
Other Long-Term Assets	375,500	4,444,400	518,900	455,800
Total Assets	11,737,700	17,016,100	16,911,800	15,890,600
Accounts Payable	436,400	425,400	608,600	623,000
Accrued Expenses	910,700	868,300	1,182,700	1,104,400
Current Portion of Long-Term Debt	899,500	376,200	—	999,700
Other Current Liabilities	—	568,500	—	—
Total Current Liabilities	2,246,600	2,238,400	1,791,300	2,727,100
Long-Term Debt	—	—	—	2,251,600
Other Long-Term Liabilities	3,030,000	4,582,100	1,149,000	1,223,300
Total Long-Term Liabilities	3,030,000	4,582,100	1,149,000	3,474,900
Total Liabilities	5,276,600	6,820,500	3,646,200	6,202,000
Common Stock	3,700	3,700	3,600	3,600
Treasury Stock	(3,229,800)	(1,612,300)	(715,800)	(442,900)
Additional Paid-in Capital	4,210,000	4,035,000	3,851,300	3,706,300
Accumulated Other Comprehensive Income	41,000	(465,400)	(326,100)	(325,700)
Retained Earnings	5,428,500	8,227,600	7,505,900	6,742,100
Total Common Shareholders' Equity	6,453,400	10,188,600	10,318,900	9,683,400
Minority Interests and Other	7,700	7,000	6,400	5,200
Total Shareholders' Equity	6,461,100	10,195,600	10,325,300	9,688,600
Total Liabilities and Shareholders' Equity	11,737,700	17,016,100	16,911,800	15,890,600

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	1,111,900	1,315,400	1,274,200	755,200
Depreciation & Amortization	437,600	430,900	426,200	465,600
Share-Based Compensation Expense	116,800	90,100	94,500	93,800
Other Adjustments	(49,900)	14,600	(66,300)	(35,600)
Changes in Trade Receivables	8,700	(15,500)	(700)	(52,100)
Changes in Inventories	(20,000)	(7,900)	7,700	(40,300)
Changes in Accounts Payable	12,400	51,100	2,200	81,300
Changes in Accrued Expenses	13,000	(26,800)	26,700	41,900
Changes in Other Operating Activities	31,900	507,800	454,900	(6,600)
Cash from Operating Activities	1,083,200	1,526,800	1,353,600	1,303,200
Capital Expenditure	(105,100)	(86,100)	(78,600)	(95,800)
Payments for Business Acquisitions	(25,700)	(3,600)	(95,800)	(12,800)
Proceeds from Business Divestments	—	—	—	9,600
Other Investing Activities	(4,600)	(1,706,300)	(21,000)	(3,500)
Cash from Investing Activities	(135,400)	(1,796,000)	(195,400)	(102,500)
Net Issuance / (Repayments) of Short-Term Debt	900	(596,500)	839,900	38,500
Issuance of Long-Term Debt	—	1,733,500	549,300	1,394,100
Repayments of Long-Term Debt	(715,700)	(1,000,000)	(1,000,000)	(1,000,000)
Net Issuance / (Repayments) of Long-Term Debt	(715,700)	733,500	(450,700)	394,100
Repurchases of Common Shares	(1,610,100)	(889,600)	(272,900)	(442,900)
Net Issuance / (Repurchases) of Common Shares	(1,610,100)	(889,600)	(272,900)	(442,900)
Common Share Dividends Paid	(92,200)	(111,200)	(102,000)	(99,500)
Other Financing Activities	1,030,500	71,100	18,000	(1,163,200)
Cash from Financing Activities	(1,386,600)	(792,700)	32,300	(1,273,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1,000	(13,600)	(10,900)	(37,800)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	(437,800)	(1,075,500)	1,179,600	(110,100)

Quarterly trend

last 8 quarters

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2026	$2.14B	+7.7%	9.0%	$192M
Q4 2025	—	—	—	$226M
Q3 2025	$1.03B	+2.3%	15.5%	$160M
Q2 2025	$1.52B	+-2.2%	14.6%	$222M
Q1 2025	$1.99B	—	8.3%	$165M
Q4 2024	$1.62B	—	19.0%	$307M
Q3 2024	$1.00B	—	17.1%	$172M
Q2 2024	$1.55B	—	19.4%	$302M

Revenue by quarter$M

$1.55B

Q2 '24

$1.00B

Q3 '24

$1.62B

Q4 '24

$1.99B

Q1 '25

$1.52B

Q2 '25

$1.03B

Q3 '25

—

Q4 '25

$2.14B

Q1 '26

31.8%

Gross margin

8.7%

Operating margin

6.4%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-08

Snapshot

Financial statements

Quarterly trend

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