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 revenue.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 10 years

Total assets $11.7B

Total liabilities ~$5.3B

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%
Accounts Receivable	16.4%	16.2%	24.5%	16.5%	17.7%	17.5%	19.5%	31.4%	17.7%	17.6%
Inventory	7.0%	6.6%	13.7%	9.2%	9.8%	9.8%	9.1%	15.1%	8.8%	10.1%
Prepaid Expenses	5.6%	5.7%	7.3%	4.7%	4.8%	4.5%	7.4%	5.1%	4.2%	3.6%
Other Current Assets	0.5%	15.1%	—	—	—	24.8%	18.4%	0.8%	3.5%	—
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%	5.7%	11.2%	7.2%	7.5%	9.1%	9.1%	15.2%	10.6%	10.2%
Goodwill	175.5%	176.8%	233.1%	155.3%	174.2%	158.8%	158.7%	161.4%	79.2%	74.0%
Intangible Assets	52.6%	62.0%	80.7%	59.9%	74.0%	71.0%	78.2%	65.2%	21.8%	13.9%
Other Noncurrent Assets	9.0%	108.9%	13.3%	7.8%	9.8%	7.4%	51.6%	14.4%	19.7%	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%	10.4%	15.5%	10.7%	10.6%	10.4%	9.8%	18.6%	10.9%	12.4%
Accrued Liabilities	21.9%	21.3%	30.2%	19.0%	19.1%	19.4%	17.5%	26.3%	14.2%	14.9%
Current Portion of Long Term Debt	21.6%	9.2%	0.0%	17.2%	40.9%	30.2%	32.9%	12.0%	0.0%	—
Other Current Liabilities	0.0%	13.9%	—	—	—	0.7%	14.9%	0.8%	2.7%	—
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%	105.7%	78.3%	70.5%	62.4%
Other Noncurrent Liabilities	17.4%	30.7%	29.4%	21.0%	27.1%	26.6%	35.3%	29.6%	18.0%	12.5%
Equity
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%	18.3%	7.6%	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%
Total Stockholders Equity	155.2%	249.7%	263.6%	166.2%	181.0%	193.4%	161.9%	173.5%	65.8%	50.0%
Noncontrolling Interest	0.2%	0.2%	0.2%	0.1%	0.1%	0.2%	0.3%	0.5%	0.3%	0.1%
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

16 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%
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%
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%
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%	-0.6%	24.1%	0.8%	-0.1%	0.3%	-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 Other Items Below Tax	1.1%	8.6%	11.7%	—	-0.8%	2.0%	8.8%	62.9%	2.8%	2.5%
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%	—	—	—	—	—	—	—
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 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%	11.7%	31.3%	5.9%	12.9%	15.4%	13.8%
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	-0.0%	0.3%	-0.8%	0.4%	-1.3%	6.5%	2.0%	0.1%	0.3%	1.0%
Operating Activities Other Non Cash Items	1.1%	13.2%	13.7%	0.5%	-0.3%	-14.4%	11.6%	17.4%	2.4%	3.0%
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	-0.1%	-41.8%	-0.5%	-0.1%	0.0%	-0.8%	-0.9%	23.2%	-0.4%	-0.4%
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 Proceeds From Debt	0.0%	42.5%	14.0%	23.9%	19.0%	16.0%	63.8%	45.8%	2.2%	55.4%
Financing Activities Repayment of Debt	-17.2%	-24.5%	-25.5%	-37.0%	-11.6%	-37.3%	-10.0%	-48.7%	0.0%	0.0%
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%	-2.5%	-3.5%	-3.6%	-3.5%	-1.7%	-56.7%
Financing Activities Other Financing Activities	24.8%	-12.9%	21.9%	0.5%	7.5%	9.8%	11.1%	29.5%	9.9%	1.4%
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%

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	0.66x	1.59x	0.61x	0.47x	0.92x	0.60x	1.08x	1.24x	1.19x
Leverage
D/E	0.82x	0.67x	0.64x	0.64x	0.73x	0.79x	1.36x	0.96x	1.77x	2.05x
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	+20d	+71d	+47d	+57d	+59d	+65d	+85d	+49d	+48d

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