Fortive

Industrials Industrial Machinery & Supplies & Components Everett, Washington Last filing Feb 25, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.2B
                    3y CAGR -10.6%
                    
                    P6
                    
                    +1.9%
                    
                    Net income
                    FY2025
                
$579.2M
                    Net margin +13.9%
                    
                    P59
                    
                    -30.5%
                    
                    Total assets
                    FY2025
                
$11.7B
                    ROA +4.9%
                    
                    P20
                    
                    -31.0%
                    
                    Operating cash flow
                    FY2025
                
$1.1B
                    FCF margin +23.5%
                    
                    P96
                    
                    -29.1%

12 yrs · FY2014–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 5 years

Total assets $11.7B

Total liabilities ~$5.3B

Shareholders equity $6.5B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	3.2%	4.8%	11.2%	4.5%	5.0%
Accounts Receivable	5.8%	3.9%	5.7%	6.0%	5.6%
Inventory	2.5%	1.6%	3.2%	3.4%	3.1%
Prepaid Expenses	2.0%	1.4%	1.7%	1.7%	1.5%
Other Current Assets	0.2%	3.6%	—	—	—
Total Current Assets	13.7%	15.2%	21.7%	15.6%	15.3%
Property,Plant and Equipment	2.3%	1.4%	2.6%	2.7%	2.4%
Goodwill	62.2%	42.4%	53.9%	56.9%	55.6%
Intangible Assets	18.6%	14.9%	18.7%	21.9%	23.6%
Other Noncurrent Assets	3.2%	26.1%	3.1%	2.9%	3.1%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	3.7%	2.5%	3.6%	3.9%	3.4%
Accrued Liabilities	7.8%	5.1%	7.0%	7.0%	6.1%
Current Portion of Long Term Debt	7.7%	2.2%	0.0%	6.3%	13.1%
Other Current Liabilities	0.0%	3.3%	—	—	—
Total Current Liabilities	19.1%	13.2%	10.6%	17.2%	22.6%
Long Term Debt	19.7%	19.6%	21.6%	14.2%	11.0%
Other Noncurrent Liabilities	6.2%	7.4%	6.8%	7.7%	8.7%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	35.9%	23.7%	22.8%	23.3%	22.3%
Retained Earnings	46.2%	48.4%	44.4%	42.4%	36.6%
Treasury Stock	27.5%	9.5%	4.2%	2.8%	0.0%
Accumulated Other Comprehensive Income	0.3%	-2.7%	-1.9%	-2.0%	-1.1%
Total Stockholders Equity	55.0%	59.9%	61.0%	60.9%	57.8%
Noncontrolling Interest	0.1%	0.0%	0.0%	0.0%	0.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $4.2B

Operating income $720.2M

Net income $579.2M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	35.4%	24.0%	23.1%	36.7%	31.9%
Expenses Cost of Revenue	12.9%	8.6%	8.5%	15.5%	13.7%
Other Income Expense Gross Profit	22.5%	15.4%	14.6%	21.2%	18.3%
Expenses Research and Development	2.2%	1.5%	1.4%	2.5%	2.2%
Expenses Selling,General and Administrative	14.2%	9.7%	9.9%	12.3%	11.2%
Other Income Expense Operating Income	6.1%	4.2%	3.4%	6.2%	4.9%
Other Income Expense Interest Expense	1.0%	0.9%	0.7%	0.6%	0.6%
Other Income Expense Other Income/expense	0.0%	-0.3%	-0.1%	-0.1%	-0.2%
Other Income Expense Income Before Tax	5.1%	3.0%	2.6%	5.5%	4.1%
Income Tax Income Tax Expense	0.6%	0.1%	0.1%	0.7%	0.4%
net Income Other Items Below Tax	0.4%	2.1%	2.7%	—	-0.2%
net Income net Income	4.9%	4.9%	5.1%	4.8%	3.7%
net Income Comprehensive Income	6.4%	4.1%	5.1%	—	—
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	2.9%	2.1%	2.1%	2.3%	2.1%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $1.1B

Investing cash flow $-135.4M

Financing cash flow $-1.4B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	4.9%	4.9%	5.1%	4.8%	3.7%
Operating Activities Depreciation and Amortization	3.7%	2.5%	2.5%	2.9%	2.4%
Operating Activities Stock Based Compensation	1.0%	0.5%	0.6%	0.6%	0.5%
Operating Activities Deferred Income Taxes	-0.4%	-0.1%	-0.5%	-0.4%	-0.2%
Operating Activities Changes In Operating Assets and Liabilities	-0.0%	0.1%	-0.2%	0.2%	-0.4%
Operating Activities Other Non Cash Items	0.4%	3.2%	3.2%	0.2%	-0.1%
Operating Activities net Cash From Operating Activities	9.2%	9.0%	8.0%	8.2%	5.8%
Investing Activities Capital Expenditures	-0.9%	-0.5%	-0.5%	-0.6%	-0.3%
Investing Activities Business Acquisitions	-0.2%	-0.0%	-0.6%	-0.1%	-15.6%
Investing Activities Other Investing Activities	-0.0%	-10.0%	-0.1%	-0.0%	0.0%
Investing Activities net Cash From Investing Activities	-1.2%	-10.6%	-1.2%	-0.6%	-15.9%
Financing Activities Proceeds From Debt	0.0%	10.2%	3.2%	8.8%	6.1%
Financing Activities Repayment of Debt	-6.1%	-5.9%	-5.9%	-13.6%	-3.7%
Financing Activities Repurchase of Common Stock	-13.7%	-5.2%	-1.6%	-2.8%	0.0%
Financing Activities Dividends Paid	-0.8%	-0.7%	-0.6%	-0.6%	-0.8%
Financing Activities Other Financing Activities	8.8%	-3.1%	5.1%	0.2%	2.4%
Financing Activities net Cash From Financing Activities	-11.8%	-4.7%	0.2%	-8.0%	4.0%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.1%	-0.1%	-0.2%	-0.0%
Cash Reconciliation net Change In Cash	-3.7%	-6.3%	7.0%	-0.7%	-6.1%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+63.5%	+64.2%	+63.3%	+57.7%	+57.2%
Operating margin	+17.3%	+17.6%	+14.7%	+16.9%	+15.5%
Net margin	+13.9%	+20.4%	+22.1%	+13.0%	+11.6%
FCF margin	+23.5%	+35.3%	+32.6%	+20.7%	+17.3%
Growth
Revenue CAGR (3y)	-10.6%	-8.1%	-5.5%	+8.5%	+11.4%
Returns
ROE	+9.0%	+8.2%	+8.4%	+7.8%	+6.4%
ROA	+4.9%	+4.9%	+5.1%	+4.8%	+3.7%
ROIC	+6.9%	+5.2%	+4.5%	+7.0%	+5.8%
Liquidity
Current ratio	0.71x	1.16x	2.05x	0.91x	0.68x
Quick ratio	0.47x	0.66x	1.59x	0.61x	0.47x
Leverage
D/E	0.82x	0.67x	0.64x	0.64x	0.73x
Interest coverage	5.98x	4.69x	4.65x	10.04x	7.88x
Efficiency
Asset turnover	0.35x	0.24x	0.23x	0.37x	0.32x
Cash conversion cycle	+25d	+20d	+71d	+47d	+57d

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