Revenue
$4.16B
Fiscal year ended 2025-12-31Operating income
$720.20M
Fiscal year ended 2025-12-31Free cash flow
$978.10M
Fiscal year ended 2025-12-31Fortive Corp (FTV) reported revenue of $4.16B and net income of $579.20M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Fortive Corp’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Industrial Instruments For Measurement, Display, and Control.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Operating income | $720.20M | $716.30M | $574.00M | $987.40M | $812.80M | $539.40M | $443.90M | $645.30M | $1.14B | $1.06B |
| Net income | $579.20M | $832.90M | $865.80M | $755.20M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Research & development | $259.20M | $251.30M | $237.00M | $401.50M | $354.80M | $320.70M | $320.30M | $278.10M | $369.30M | $351.00M |
| Weighted-average diluted shares | shares 334.60M | shares 352.80M | shares 355.60M | shares 360.80M | shares 352.30M | shares 359.00M | shares 340.00M | shares 350.70M | shares 352.60M | shares 347.30M |
| Pretax income | $602.20M | $506.30M | $433.10M | $873.50M | $677.50M | $1.51B | $336.70M | $565.80M | $1.07B | $1.01B |
| Income tax expense | $69.50M | $23.80M | $24.70M | $118.30M | $63.30M | $55.50M | $68.60M | $75.60M | $189.30M | $270.30M |
| Diluted EPS | $1.73 | $2.36 | $2.43 | $2.10 | $1.63 | $4.49 | $1.97 | $8.21 | $2.96 | $2.51 |
| Selling, general & administrative | $1.66B | $1.65B | $1.67B | $1.96B | $1.84B | $1.75B | $1.72B | $1.26B | $1.41B | $1.27B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $375.50M | $813.30M | $1.89B | $709.20M | $819.30M | $1.82B | $1.21B | $1.18B | $962.10M | $803.20M |
| Total assets | $11.74B | $17.02B | $16.91B | $15.89B | $16.47B | $16.05B | $17.44B | $12.91B | $10.50B | $8.19B |
| Current assets | $1.61B | $2.59B | $3.67B | $2.48B | $2.51B | $4.45B | $3.69B | $3.17B | $2.94B | $2.49B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $2.25B | $2.24B | $1.79B | $2.73B | $3.71B | $2.86B | $3.47B | $2.19B | $1.60B | $1.47B |
| Total equity incl. NCI | $6.46B | $10.20B | $10.33B | $9.69B | $9.52B | $8.97B | $7.40B | $6.61B | $3.81B | $2.69B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $291.80M | $269.80M | $536.90M | $536.70M | $512.70M | $455.50M | $416.20M | $574.50M | $506.70M | $544.60M |
| Accounts receivable | $683.60M | $661.30M | $960.80M | $958.50M | $930.20M | $810.30M | $890.70M | $1.20B | $1.02B | $945.40M |
| Goodwill | $7.30B | $7.22B | $7.27B | $9.05B | $9.15B | $7.36B | $7.24B | $4.99B | $4.56B | $3.45B |
| Long-term debt | $2.31B | $3.33B | $3.65B | $2.25B | $1.81B | $2.83B | $4.83B | $2.97B | $4.06B | $3.36B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.08B | $1.53B | $1.35B | $1.30B | $961.10M | $1.44B | $1.27B | $1.34B | $1.18B | $1.14B |
| Capital expenditures | $105.10M | $86.10M | $78.60M | $95.80M | $50.00M | $75.70M | $74.50M | $69.90M | $111.10M | $110.10M |
| Investing cash flow | -$135.40M | -$1.80B | -$195.40M | -$102.50M | -$2.62B | -$148.40M | -$4.05B | -$1.97B | -$1.67B | -$310.80M |
| Financing cash flow | -$1.39B | -$792.70M | $32.30M | -$1.27B | $652.00M | -$696.10M | $2.80B | $879.10M | $599.70M | $3.80M |
| Net change in cash | -$437.80M | -$1.08B | $1.18B | -$110.10M | -$1.01B | $619.60M | $26.80M | $216.30M | $158.90M | $803.20M |
| Stock-based compensation | $116.80M | $90.10M | $94.50M | $93.80M | $77.40M | $62.60M | $52.50M | $40.60M | $44.20M | $40.70M |
| Common dividends paid | $92.20M | $111.20M | $102.00M | $99.50M | $97.70M | $94.40M | $93.80M | $96.60M | $97.20M | $48.40M |
| Common share repurchases | $1.61B | $889.60M | $272.90M | $442.90M | $0 | $0 | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $437.60M | $430.90M | $426.20M | $465.60M | $395.50M | $384.00M | $341.50M | $174.20M | $158.30M | $160.90M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $978.10M | $1.44B | $1.28B | $1.21B | $911.10M | $1.36B | $1.20B | $1.27B | $1.07B | $1.03B |
| Gross margin | 63.5% | 64.2% | 63.3% | 57.7% | 57.2% | 56.3% | 54.4% | 57.5% | 50.8% | 49.9% |
| Operating margin | 17.3% | 17.6% | 14.7% | 16.9% | 15.5% | 11.6% | 9.7% | 17.0% | 19.9% | 19.7% |
| FCF margin | 23.5% | 35.3% | 32.6% | 20.7% | 17.3% | 29.4% | 26.2% | 33.5% | 18.5% | 19.1% |
| SBC / revenue | 2.8% | 2.2% | 2.4% | 1.6% | 1.5% | 1.4% | 1.2% | 1.1% | 0.8% | 0.8% |
| Current ratio | 0.71x | 1.16x | 2.05x | 0.91x | 0.68x | 1.55x | 1.06x | 1.45x | 1.83x | 1.70x |
| Revenue YoY growth | 1.9% | 4.3% | -32.8% | 10.9% | 13.4% | 1.5% | 20.1% | -34.0% | 7.0% | Unavailable |
| Net margin | 13.9% | 20.4% | 22.1% | 13.0% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | 6.2% | 6.2% | 6.1% | 6.9% | 6.8% | 6.9% | 7.0% | 7.3% | 6.4% | 6.5% |
| CapEx / revenue | 2.5% | 2.1% | 2.0% | 1.6% | 1.0% | 1.6% | 1.6% | 1.8% | 1.9% | 2.0% |
| Long-term debt / equity | 0.36x | 0.33x | 0.35x | 0.23x | 0.19x | 0.32x | 0.65x | 0.45x | 1.07x | 1.25x |
| Effective tax rate | 11.5% | 4.7% | 5.7% | 13.5% | 9.3% | 3.7% | 20.4% | 13.4% | 17.6% | 26.7% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FTV in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-02-25View SEC filing
10-Q · Filed 2025-10-29View SEC filing
10-Q · Filed 2025-07-30View SEC filing
10-Q · Filed 2025-05-01View SEC filing
10-K · Filed 2025-02-25View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.