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%
                    
                    P22
                    
                    -31.0%
                    
                    Operating cash flow
                    FY2025
                
$1.1B
                    FCF margin +23.5%
                    
                    P94
                    
                    -29.1%

12 yrs · FY2014–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 10 years

Total assets $11.7B

Total liabilities $2.2B

Shareholders equity $6.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	-8.1%	+0.2%	+13.0%	-2.1%	+0.4%	+22.8%	+14.5%	+21.1%	+19.8%	—
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Accounts Receivable	-3.5%	+0.0%	+0.2%	+0.2%	-0.3%	-3.8%	+13.6%	+12.4%	+21.0%	—
Inventory	-6.7%	+0.0%	-0.2%	-0.2%	-1.2%	-4.4%	+5.5%	+2.7%	+6.6%	—
Prepaid Expenses	+2.0%	+5.0%	+5.5%	+5.7%	+5.3%	+1.4%	+32.6%	-0.6%	+28.1%	—
Other Current Assets	-1.4%	+1.9%	+2.8%	+1.1%	-4.6%	-5.3%	+22.2%	+13.4%	+11.6%	—
Total Current Assets	-4.8%	+0.5%	+5.7%	-0.1%	+0.2%	+15.6%	+14.0%	+12.9%	+18.0%	—
Property,Plant and Equipment	-7.6%	-2.9%	-3.1%	-4.3%	-6.3%	-6.3%	-8.8%	+2.6%	+11.5%	—
Operating Lease Assets	—	—	—	—	—	—	—	—	—	—
Goodwill	+7.0%	+12.4%	+12.6%	+14.7%	+18.1%	+16.6%	+22.1%	+24.2%	+14.6%	—
Intangible Assets	+12.7%	+20.6%	+22.9%	+29.3%	+39.1%	+44.9%	+72.6%	+82.0%	+70.7%	—
Other Noncurrent Assets	-1.4%	+1.9%	+2.8%	+1.1%	-4.6%	-5.3%	+22.2%	+13.4%	+11.6%	—
Total Assets	+4.1%	+9.6%	+10.9%	+11.7%	+15.0%	+18.3%	+28.7%	+25.5%	+28.2%	—
Liabilities
Accounts Payable	-4.6%	+0.2%	-1.3%	-1.1%	-3.5%	-7.8%	+4.7%	+3.0%	+9.2%	—
Accrued Liabilities	+1.4%	+5.0%	+5.7%	+5.5%	+3.7%	+3.0%	+12.7%	+11.7%	+9.3%	—
Deferred Revenue	+8.9%	+13.2%	+15.0%	+16.4%	+17.5%	+16.5%	+26.1%	+18.7%	—	—
Current Portion of Long Term Debt	—	—	—	—	—	—	—	—	—	—
Other Current Liabilities	+0.8%	+8.0%	+7.9%	+10.4%	+13.8%	+16.3%	+32.9%	+29.2%	+53.3%	—
Total Current Liabilities	+4.9%	+5.4%	+2.9%	+10.9%	+20.4%	+18.2%	+33.2%	+22.3%	+9.3%	—
Long Term Debt	-4.1%	-0.1%	+1.2%	-6.4%	-11.7%	-4.2%	+12.9%	-5.9%	+20.8%	—
Deferred Revenue Noncurrent	-12.5%	-3.8%	-7.7%	-11.7%	-15.8%	-19.2%	+7.4%	+7.5%	—	—
Deferred Tax Liabilities	—	+9.9%	+9.6%	+11.8%	+13.2%	+11.4%	+24.1%	+19.5%	+55.3%	—
Other Noncurrent Liabilities	+0.8%	+8.0%	+7.9%	+10.4%	+13.8%	+16.3%	+32.9%	+29.2%	+53.3%	—
Total Liabilities	+4.9%	+5.4%	+2.9%	+10.9%	+20.4%	+18.2%	+33.2%	+22.3%	+9.3%	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	+0.6%	+0.7%	+0.4%	+0.5%	+0.6%	-0.7%	-1.0%	-1.4%	+0.0%	—
Additional Paid In Capital	+6.3%	+6.6%	+6.8%	+7.3%	+8.6%	+10.0%	+10.9%	+13.5%	+0.7%	—
Retained Earnings	+33.5%	+45.8%	+51.9%	+59.9%	+71.8%	+92.6%	+117.2%	+196.9%	+235.1%	—
Treasury Stock	—	—	—	—	—	—	—	—	—	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Noncontrolling Interest	+10.6%	+10.7%	+10.9%	+9.0%	+9.1%	+28.7%	+62.1%	+136.9%	+477.4%	—
Total Stockholders Equity	+10.2%	+18.1%	+21.2%	+23.8%	+28.8%	+35.1%	+40.1%	+56.6%	+41.0%	—
Total Liabilitiesand Equity	+4.1%	+9.6%	+10.9%	+11.7%	+15.0%	+18.3%	+28.7%	+25.5%	+28.2%	—

Income Statement

Revenue, expense, and profitability

19 accounts · 10 years

Revenue $4.2B

Operating income $720.2M

Net income $579.2M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	-2.8%	-3.4%	-4.4%	+1.3%	-0.5%	-3.7%	-5.3%	-15.9%	+7.0%	—
Expenses Cost of Revenue	-6.2%	-7.4%	-8.6%	-1.5%	-3.5%	-6.9%	-8.2%	-22.6%	+5.3%	—
Expenses Research and Development	-3.3%	-4.1%	-5.5%	+2.3%	+0.2%	-2.2%	-3.0%	-11.0%	+5.2%	—
Expenses Selling,General and Administrative	+3.0%	+3.3%	+3.9%	+7.4%	+7.6%	+8.3%	+10.5%	-0.4%	+10.7%	—
Expenses Depreciation and Amortization	+11.8%	+13.1%	+14.9%	+19.4%	+19.7%	+24.3%	+28.5%	+4.1%	-1.6%	—
Expenses Share Based Compensation	+12.4%	+10.4%	+12.8%	+14.9%	+13.7%	+11.4%	+8.9%	-0.1%	+8.6%	—
Expenses Operating Expenses	—	—	—	—	—	—	—	—	—	—
Other Income Expense Gross Profit	-0.2%	-0.3%	-1.1%	+3.8%	+2.3%	-0.7%	-2.6%	-9.8%	+8.8%	—
Other Income Expense Operating Income	-4.2%	-4.8%	-8.4%	-1.2%	-5.2%	-15.6%	-25.2%	-22.0%	+7.7%	—
Other Income Expense Interest Expense	—	—	—	—	+17.3%	+33.8%	+45.4%	+29.0%	+91.2%	—
Other Income Expense Other Income/expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	-5.6%	-8.3%	-11.4%	-2.4%	-7.7%	+10.5%	-30.7%	-25.2%	+6.2%	—
Income Tax Income Tax Expense	-14.0%	-26.2%	-29.0%	-12.9%	-25.2%	-32.7%	-36.7%	-47.1%	-30.0%	—
net Income net Income	-4.4%	-0.6%	-0.1%	-2.4%	-7.0%	+16.6%	-5.4%	+82.8%	+19.7%	—
net Income Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Basic Eps	-4.0%	-0.7%	-0.3%	-2.8%	-8.2%	+16.1%	-7.6%	+81.8%	+19.4%	—
Earnings Per Share Diluted Eps	-4.1%	-0.8%	-0.5%	-2.9%	-8.3%	+15.6%	-7.8%	+80.9%	+17.9%	—
Earnings Per Share Weighted Average Shares Basic	-0.4%	+0.1%	+0.3%	+0.5%	+0.2%	-0.6%	-1.0%	-0.0%	+0.5%	—
Earnings Per Share Weighted Average Shares Diluted	-0.4%	+0.2%	+0.3%	+0.6%	+0.3%	+0.8%	-0.7%	+0.5%	+1.5%	—

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $1.1B

Investing cash flow $-135.4M

Financing cash flow $-1.4B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	-4.4%	-0.6%	-0.1%	-2.4%	-7.0%	+16.6%	-5.4%	+82.8%	+19.7%	—
Operating Activities Depreciation and Amortization	+11.8%	+13.1%	+14.9%	+19.4%	+19.7%	+24.3%	+28.5%	+4.1%	-1.6%	—
Operating Activities Stock Based Compensation	+12.4%	+10.4%	+12.8%	+14.9%	+13.7%	+11.4%	+8.9%	-0.1%	+8.6%	—
Operating Activities Deferred Income Taxes	+14.0%	+6.2%	+27.5%	+26.3%	+21.8%	+58.9%	-17.8%	+30.1%	+298.7%	—
Operating Activities Changes In Operating Assets and Liabilities	-4.5%	-8.8%	+1.3%	+18.7%	+28.1%	—	+78.8%	+49.9%	+267.4%	—
Operating Activities net Cash From Operating Activities	-0.5%	+3.8%	+2.5%	+2.3%	-3.3%	+6.0%	+3.8%	+8.7%	+3.5%	—
Investing Activities Capital Expenditures	-0.5%	-3.0%	-4.7%	-2.3%	-14.6%	-8.9%	-12.2%	-20.3%	+0.9%	—
Investing Activities Business Acquisitions	-19.9%	-39.1%	-9.3%	-36.2%	+68.3%	-32.1%	+174.7%	+282.3%	+718.8%	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—	—	—	—	—	—
Financing Activities Dividends Paid	+7.4%	+11.0%	+11.2%	+12.8%	+15.1%	+18.2%	+24.7%	+41.3%	+100.8%	—
Financing Activities Proceeds From Stock Issuance	+2.2%	+6.4%	-2.0%	-18.3%	-2.4%	-5.8%	-12.3%	-18.5%	-56.1%	—
Financing Activities Other Financing Activities	+72.6%	+98.1%	+79.5%	—	+152.2%	+188.2%	+326.0%	+1084.6%	+4366.7%	—
Financing Activities net Cash From Financing Activities	—	—	+35.8%	—	+179.8%	—	+803.5%	+1421.0%	+15681.6%	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	—	+5.6%	—	—	-6.3%	-67.8%	-48.1%	-80.2%	—
Cash Reconciliation Cash At Beginning of Period	-8.1%	+0.2%	+13.0%	-2.1%	+0.4%	+22.8%	+14.5%	+21.1%	+19.8%	—
Cash Reconciliation Cash At End of Period	-8.1%	+0.2%	+13.0%	-2.1%	+0.4%	+22.8%	+14.5%	+21.1%	+19.8%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
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%
Net margin	+13.9%	+20.4%	+22.1%	+13.0%	+11.6%	+34.8%	+16.2%	+76.7%	+18.1%	+16.2%
FCF margin	+23.5%	+35.3%	+32.6%	+20.7%	+17.3%	+29.4%	+26.2%	+33.5%	+18.5%	+19.1%
Growth
Revenue CAGR (3y)	-10.6%	-8.1%	-5.5%	+8.5%	+11.4%	-7.0%	-5.3%	-15.0%	-3.2%	—
Returns
ROE	+9.0%	+8.2%	+8.4%	+7.8%	+6.4%	+18.0%	+10.0%	+44.2%	+27.6%	+32.5%
ROA	+4.9%	+4.9%	+5.1%	+4.8%	+3.7%	+10.1%	+4.2%	+22.6%	+9.9%	+10.7%
ROIC	+6.9%	+5.2%	+4.5%	+7.0%	+5.8%	+4.6%	+2.8%	+6.3%	+13.7%	+14.8%
Liquidity
Current ratio	0.71x	1.16x	2.05x	0.91x	0.68x	1.55x	1.06x	1.45x	1.83x	1.70x
Quick ratio	0.47x	0.79x	1.59x	0.61x	0.47x	0.92x	0.75x	1.08x	1.31x	1.19x
Leverage
D/E	0.35x	0.22x	0.17x	0.28x	0.39x	0.32x	0.47x	0.33x	0.42x	0.55x
Interest coverage	-5.98x	-4.69x	-4.65x	-10.04x	7.88x	3.63x	3.11x	8.36x	12.89x	22.88x
Efficiency
Asset turnover	0.35x	0.24x	0.23x	0.37x	0.32x	0.29x	0.26x	0.29x	0.55x	0.66x
Cash conversion cycle	+25d	+51d	+71d	+47d	+57d	+59d	+89d	+85d	+54d	+48d

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