Fortive Corp FTV

Technology SIC 3823 - Industrial Instruments For Measurement, Display, and Control NAICS Manufacturing › Computer and Electronic Product Manufacturing › Navigational, Measuring, Electromedical, and Control Instruments Manufacturing › Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables derived NYSE

Fortive Corporation innovates essential technologies to keep our world safe and productive. Our strategic segments - Intelligent Operating Solutions and Advanced Healthcare Solutions - include iconic inventor brands with leading positions in their markets. Our businesses design, develop, manufacture, and market products, software, and services, building upon leading brand names, innovative technologies, and strong market positions. We are headquartered in Everett, Washington and have a workforce of more than 10,000 research and development, manufacturing, sales, distribution, service, and administrative professionals in approximately 50 countries around the world.

On June 28, 2025, we separated our Precision Technologies segment business into an independent publicly-traded company (the "Separation") named Ralliant Corporation ("Ralliant"). The Separation was effected to qualify as a tax-free spin-off for Fortive shareholders for U.S. federal income tax purposes.

Last close 60.25 2026-10-23
Market cap $18.37B 2026-04-03 share count
52-week range 48.98 - 64.56

Valuation FY2025 figures against the last close

P/S4.4x
P/E34.8x
P/FCF18.8x
EV/EBITDA18.3x
Dividend yield0.5%
Diluted EPS1.73

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.16B$4.08B$3.91B$5.83B$5.25B$4.63B$4.56B$3.80B$5.76B$5.38B
Cost of revenue $1.52B$1.46B$1.44B$2.46B$2.25B$2.03B$2.08B$1.61B$2.83B$2.69B
Gross profit $2.64B$2.62B$2.48B$3.36B$3.01B$2.61B$2.48B$2.19B$2.92B$2.69B
R&D $259.2M$251.3M$237.0M$401.5M$354.8M$320.7M$320.3M$278.1M$369.3M$351.0M
SG&A $1.66B$1.65B$1.67B$1.96B$1.84B$1.75B$1.72B$1.26B$1.41B$1.27B
Total operating expenses -$1.92B-$1.90B-$1.90B-$2.36B——————
Operating income $720.2M$716.3M$574.0M$987.4M$812.8M$539.4M$443.9M$645.3M$1.14B$1.06B
Interest expense $120.5M$152.8M$123.5M$98.3M$103.2M$148.5M$142.6M$77.2M$88.7M$46.4M
Pre-tax income $602.2M$506.3M$433.1M$873.5M$677.5M$1.51B$336.7M$565.8M$1.07B$1.01B
Income tax $69.5M$23.8M$24.7M$118.3M$63.3M$55.5M$68.6M$75.6M$189.3M$270.3M
Net income $532.7M$832.9M$865.8M$755.2M$608.4M$1.61B$738.9M$2.91B$1.04B$872.3M
EPS, basic 1.742.392.462.121.644.581.998.333.012.52
EPS, diluted 1.732.362.432.101.634.491.978.212.962.51
Shares, diluted (wtd. avg.) 334.6M352.8M355.6M360.8M352.3M359.0M340.0M350.7M352.6M347.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $375.5M$813.3M$1.89B$709.2M$819.3M$1.82B$1.21B$1.18B$962.1M$803.2M
Receivables $683.6M$661.3M$960.8M$958.5M$930.2M$810.3M$890.7M$1.20B$1.02B$945.4M
Inventory $291.8M$269.8M$536.9M$536.7M$512.7M$455.5M$416.2M$574.5M$506.7M$544.6M
Total current assets $1.61B$2.59B$3.67B$2.48B$2.51B$4.45B$3.69B$3.17B$2.94B$2.49B
Property, plant and equipment $269.8M$232.9M$439.8M$421.9M$395.5M$422.0M$416.0M$395.6M$610.4M$547.6M
Goodwill $7.30B$7.22B$7.27B$9.05B$9.15B$7.36B$7.24B$4.99B$4.56B$3.45B
Other intangibles $2.19B$2.53B$3.16B$3.49B$3.89B$3.29B$3.57B$2.48B$1.26B$747.3M
Total assets $11.74B$17.02B$16.91B$15.89B$16.47B$16.05B$17.44B$12.91B$10.50B$8.19B
Short-term debt $899.5M$376.2M$0$999.7M$2.15B$1.40B$1.50B$455.6M$0—
Total current liabilities $2.25B$2.24B$1.79B$2.73B$3.71B$2.86B$3.47B$2.19B$1.60B$1.47B
Long-term debt $2.31B$3.33B$3.65B$2.25B$1.81B$2.83B$4.83B$2.97B$4.06B$3.36B
Retained earnings $5.43B$8.23B$7.51B$6.74B$6.02B$5.55B$4.13B$3.55B$1.35B$403.0M
Total equity $6.45B$10.19B$10.32B$9.68B$9.51B$8.96B$7.39B$6.60B$3.79B$2.69B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.08B$1.53B$1.35B$1.30B$961.1M$1.44B$1.27B$1.34B$1.18B$1.14B
Depreciation and amortisation $437.6M$430.9M$426.2M$465.6M$395.5M$384.0M$341.5M$174.2M$158.3M$160.9M
Stock-based compensation $116.8M$90.1M$94.5M$93.8M$77.4M$62.6M$52.5M$40.6M$44.2M$40.7M
Capital expenditure $105.1M$86.1M$78.6M$95.8M$50.0M$75.7M$74.5M$69.9M$111.1M$110.1M
Investing cash flow -$135.4M-$1.80B-$195.4M-$102.5M-$2.62B-$148.4M-$4.05B-$1.97B-$1.67B-$310.8M
Financing cash flow -$1.39B-$792.7M$32.3M-$1.27B$652.0M-$696.1M$2.80B$879.1M$599.7M$3.8M
Dividends paid $92.2M$111.2M$102.0M$99.5M$97.7M$94.4M$93.8M$96.6M$97.2M$3.00B
Buybacks $1.61B$889.6M$272.9M$442.9M$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-189078.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 5.4B Gross profit, FY2016: 2.7B Net income, FY2016: 872.3M Revenue, FY2017: 5.8B Gross profit, FY2017: 2.9B Net income, FY2017: 1B Revenue, FY2018: 3.8B Gross profit, FY2018: 2.2B Net income, FY2018: 2.9B Revenue, FY2019: 4.6B Gross profit, FY2019: 2.5B Net income, FY2019: 738.9M Revenue, FY2020: 4.6B Gross profit, FY2020: 2.6B Net income, FY2020: 1.6B Revenue, FY2021: 5.3B Gross profit, FY2021: 3B Net income, FY2021: 608.4M Revenue, FY2022: 5.8B Gross profit, FY2022: 3.4B Net income, FY2022: 755.2M Revenue, FY2023: 3.9B Gross profit, FY2023: 2.5B Net income, FY2023: 865.8M Revenue, FY2024: 4.1B Gross profit, FY2024: 2.6B Net income, FY2024: 832.9M Revenue, FY2025: 4.2B Gross profit, FY2025: 2.6B Net income, FY2025: 532.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.38B $5.76B $3.80B $4.56B $4.63B $5.25B $5.83B $3.91B $4.08B $4.16B
Gross profit $2.69B $2.92B $2.19B $2.48B $2.61B $3.01B $3.36B $2.48B $2.62B $2.64B
Net income $872.3M $1.04B $2.91B $738.9M $1.61B $608.4M $755.2M $865.8M $832.9M $532.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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