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

Each cell as a share of that year’s revenue.

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	9.0%	19.9%	48.3%	12.2%	15.6%	39.4%	26.4%	31.0%	16.7%	14.9%
Short Term Investments	0.0%	0.0%	0.0%	0.0%	0.0%	24.1%	0.0%	0.0%	0.0%	0.0%
Accounts Receivable	16.4%	23.2%	24.5%	16.5%	17.7%	17.5%	30.3%	31.4%	19.9%	17.6%
Inventory	7.0%	13.3%	13.7%	9.2%	9.8%	9.8%	14.0%	15.1%	10.1%	10.1%
Prepaid Expenses	5.6%	7.1%	7.3%	4.7%	4.8%	4.5%	10.0%	5.1%	4.4%	3.6%
Other Current Assets	9.0%	12.1%	13.3%	7.8%	6.4%	7.4%	17.1%	14.4%	8.3%	7.9%
Total Current Assets	38.6%	63.5%	93.8%	42.5%	47.9%	96.0%	80.8%	83.4%	51.0%	46.3%
Property,Plant and Equipment	6.5%	10.6%	11.2%	7.2%	7.5%	9.1%	9.1%	15.2%	10.6%	10.2%
Operating Lease Assets	2.3%	4.0%	4.0%	2.8%	3.3%	4.1%	4.5%	—	—	—
Goodwill	175.5%	248.9%	233.1%	155.3%	174.2%	158.8%	158.7%	161.4%	79.2%	74.0%
Intangible Assets	52.6%	81.8%	80.7%	59.9%	74.0%	71.0%	84.2%	65.2%	22.2%	13.9%
Other Noncurrent Assets	9.0%	12.1%	13.3%	7.8%	6.4%	7.4%	17.1%	14.4%	8.3%	7.9%
Total Assets	282.2%	417.0%	432.1%	272.8%	313.3%	346.4%	382.1%	339.6%	182.4%	152.3%
Liabilities
Accounts Payable	10.5%	16.6%	15.5%	10.7%	10.6%	10.4%	16.8%	18.6%	12.6%	12.4%
Accrued Liabilities	21.9%	29.0%	30.2%	19.0%	18.3%	19.4%	25.1%	26.3%	15.2%	14.9%
Deferred Revenue	10.6%	13.6%	13.9%	8.7%	8.7%	8.1%	9.0%	7.6%	—	3.8%
Current Portion of Long Term Debt	21.6%	9.2%	0.0%	17.2%	40.9%	30.2%	32.9%	12.0%	—	—
Other Current Liabilities	17.4%	30.7%	29.4%	21.0%	24.5%	26.6%	34.7%	29.6%	18.0%	12.5%
Total Current Liabilities	54.0%	54.9%	45.8%	46.8%	70.7%	61.7%	76.0%	57.7%	27.8%	27.3%
Long Term Debt	55.5%	81.6%	93.2%	38.6%	34.4%	61.1%	105.8%	78.3%	70.5%	62.4%
Deferred Revenue Noncurrent	0.6%	1.4%	1.2%	0.7%	0.6%	0.7%	2.2%	2.4%	—	1.5%
Deferred Tax Liabilities	0.0%	28.3%	26.4%	18.3%	19.3%	18.1%	22.8%	20.5%	14.7%	10.1%
Other Noncurrent Liabilities	17.4%	30.7%	29.4%	21.0%	24.5%	26.6%	34.7%	29.6%	18.0%	12.5%
Total Liabilities	54.0%	54.9%	45.8%	46.8%	70.7%	61.7%	76.0%	57.7%	27.8%	27.3%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
Additional Paid In Capital	101.2%	98.9%	98.4%	63.6%	69.8%	76.7%	72.5%	82.3%	42.5%	45.1%
Retained Earnings	130.5%	201.6%	191.8%	115.7%	114.6%	119.7%	90.5%	93.5%	23.5%	7.5%
Treasury Stock	77.7%	39.5%	0.0%	7.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Accumulated Other Comprehensive Income	1.0%	-11.4%	-8.3%	-5.6%	-3.5%	-3.0%	-1.2%	-2.3%	-0.1%	-2.7%
Noncontrolling Interest	0.2%	0.2%	0.2%	0.1%	0.1%	0.2%	0.3%	0.5%	0.3%	0.1%
Total Stockholders Equity	155.2%	249.7%	263.6%	166.2%	181.0%	193.4%	161.9%	173.5%	65.8%	50.0%
Total Liabilitiesand Equity	282.2%	417.0%	432.1%	272.8%	313.3%	346.4%	382.1%	339.6%	182.4%	152.3%

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	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	36.5%	35.8%	36.7%	42.3%	42.8%	43.7%	45.6%	42.5%	49.2%	50.1%
Expenses Research and Development	6.2%	6.2%	6.1%	6.9%	6.8%	6.9%	7.0%	7.3%	6.4%	6.5%
Expenses Selling,General and Administrative	40.0%	40.5%	42.6%	33.6%	35.0%	37.7%	37.7%	33.2%	24.5%	23.7%
Expenses Depreciation and Amortization	10.5%	10.6%	10.9%	8.0%	7.5%	8.3%	7.5%	4.6%	2.8%	3.0%
Expenses Share Based Compensation	2.8%	2.2%	2.4%	1.6%	1.5%	1.4%	1.2%	1.1%	0.8%	0.8%
Expenses Operating Expenses	-46.2%	-46.6%	-48.6%	-40.5%	—	—	—	—	—	—
Other Income Expense Gross Profit	63.5%	64.2%	63.3%	57.7%	57.2%	56.3%	54.4%	57.5%	50.8%	49.9%
Other Income Expense Operating Income	17.3%	17.6%	14.7%	16.9%	15.5%	11.6%	9.7%	17.0%	19.9%	19.7%
Other Income Expense Interest Expense	-2.9%	-3.7%	-3.2%	-1.7%	2.0%	3.2%	3.1%	2.0%	1.5%	0.9%
Other Income Expense Other Income/expense	0.1%	-1.4%	-0.4%	-0.3%	-0.3%	-0.1%	-0.1%	-0.1%	0.1%	-0.1%
Other Income Expense Income Before Tax	14.5%	12.4%	11.1%	15.0%	12.9%	32.5%	7.4%	14.9%	18.7%	18.8%
Income Tax Income Tax Expense	1.7%	0.6%	0.6%	2.0%	1.2%	1.2%	1.5%	2.0%	3.3%	5.0%
net Income net Income	13.9%	20.4%	22.1%	13.0%	11.6%	34.8%	16.2%	76.7%	18.1%	16.2%
net Income Comprehensive Income	18.1%	17.0%	22.1%	-2.4%	-0.8%	1.1%	0.7%	-3.3%	2.4%	-2.4%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	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%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	8.0%	8.6%	9.0%	6.1%	6.6%	7.3%	7.4%	9.1%	6.0%	6.4%
Earnings Per Share Weighted Average Shares Diluted	8.0%	8.6%	9.1%	6.2%	6.7%	7.7%	7.4%	9.2%	6.1%	6.5%

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	13.9%	20.4%	22.1%	13.0%	11.6%	34.8%	16.2%	76.7%	18.1%	16.2%
Operating Activities Depreciation and Amortization	10.5%	10.6%	10.9%	8.0%	7.5%	8.3%	7.5%	4.6%	2.8%	3.0%
Operating Activities Stock Based Compensation	2.8%	2.2%	2.4%	1.6%	1.5%	1.4%	1.2%	1.1%	0.8%	0.8%
Operating Activities Deferred Income Taxes	1.2%	0.6%	2.1%	1.1%	0.8%	2.1%	0.2%	0.7%	1.1%	0.3%
Operating Activities Changes In Operating Assets and Liabilities	1.3%	0.9%	2.2%	3.8%	5.2%	-3.1%	10.0%	4.7%	5.1%	1.5%
Operating Activities net Cash From Operating Activities	26.0%	37.4%	34.6%	22.4%	18.3%	31.0%	27.9%	35.4%	20.4%	21.1%
Investing Activities Capital Expenditures	2.5%	2.1%	2.0%	1.6%	1.0%	1.6%	1.6%	1.8%	1.9%	2.0%
Investing Activities Business Acquisitions	0.6%	0.1%	2.4%	0.2%	48.9%	0.9%	86.3%	73.1%	27.0%	3.5%
Investing Activities Other Investing Activities	-0.3%	-0.0%	-0.0%	0.1%	0.0%	0.0%	0.0%	-0.1%	-0.0%	0.0%
Investing Activities net Cash From Investing Activities	-3.3%	-44.0%	-5.0%	-1.8%	-49.8%	-3.2%	-88.8%	-51.7%	-29.0%	-5.8%
Financing Activities Repurchase of Common Stock	38.7%	21.8%	7.0%	7.6%	0.0%	0.0%	—	—	—	—
Financing Activities Dividends Paid	2.2%	2.7%	2.6%	1.7%	1.9%	2.0%	2.1%	2.5%	1.7%	0.9%
Financing Activities Proceeds From Stock Issuance	1.7%	2.4%	1.3%	0.3%	1.0%	1.0%	0.9%	1.0%	0.5%	1.1%
Financing Activities Other Financing Activities	1.0%	1.7%	0.5%	-0.1%	0.6%	0.4%	0.5%	1.1%	0.2%	0.0%
Financing Activities net Cash From Financing Activities	-33.3%	-19.4%	0.8%	-21.9%	12.4%	-15.0%	61.4%	23.1%	10.4%	0.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.3%	-0.3%	-0.6%	-0.1%	0.6%	0.2%	-1.1%	0.9%	-0.5%
Cash Reconciliation net Change In Cash	-10.5%	-26.4%	30.1%	-1.9%	-19.1%	13.4%	0.6%	5.7%	2.8%	14.9%
Cash Reconciliation Cash At Beginning of Period	9.0%	19.9%	48.3%	12.2%	15.6%	39.4%	26.4%	31.0%	16.7%	14.9%
Cash Reconciliation Cash At End of Period	9.0%	19.9%	48.3%	12.2%	15.6%	39.4%	26.4%	31.0%	16.7%	14.9%

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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