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

Balance Sheet

Assets, liabilities, and equity

33 accounts · 5 years

Total assets $11.7B

Total liabilities $2.2B

Shareholders equity $6.5B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$375.5M -53.8%	$813.3M -56.9%	$1.9B 166.3%	$709.2M -13.4%	$819.3M
Short Term Investments	$0	$0	$0	$0	$0
Accounts Receivable	$683.6M -27.7%	$945.4M -1.6%	$960.8M 0.2%	$958.5M 3.0%	$930.2M
Inventory	$291.8M -46.4%	$544.8M 1.5%	$536.9M 0.0%	$536.7M 4.7%	$512.7M
Prepaid Expenses	$234.0M -19.0%	$288.8M 1.3%	$285.1M 4.6%	$272.6M 7.9%	$252.7M
Other Current Assets	$375.5M -24.1%	$494.7M -4.7%	$518.9M 13.8%	$455.8M 35.1%	$337.3M
Total Current Assets	$1.6B -38.1%	$2.6B -29.4%	$3.7B 48.2%	$2.5B -1.5%	$2.5B
Property,Plant and Equipment	$269.8M -37.7%	$433.1M -1.5%	$439.8M 4.2%	$421.9M 6.7%	$395.5M
Operating Lease Assets	$96.1M -41.4%	$164.0M 5.8%	$155.0M -4.3%	$162.0M -7.7%	$175.6M
Goodwill	$7.3B -28.1%	$10.2B 11.3%	$9.1B 0.8%	$9.0B -1.1%	$9.2B
Intangible Assets	$2.2B -34.5%	$3.3B 5.7%	$3.2B -9.4%	$3.5B -10.4%	$3.9B
Other Noncurrent Assets	$375.5M -24.1%	$494.7M -4.7%	$518.9M 13.8%	$455.8M 35.1%	$337.3M
Total Assets	$11.7B -31.0%	$17.0B 0.6%	$16.9B 6.4%	$15.9B -3.5%	$16.5B
Liabilities
Accounts Payable	$436.4M -35.6%	$677.4M 11.3%	$608.6M -2.3%	$623.0M 11.7%	$557.9M
Accrued Liabilities	$910.7M -23.1%	$1.2B 0.2%	$1.2B 7.1%	$1.1B 15.0%	$960.7M
Deferred Revenue	$440.3M -20.4%	$553.2M 1.6%	$544.6M 6.9%	$509.6M 11.4%	$457.6M
Current Portion of Long Term Debt	$899.5M 139.1%	$376.2M	$0 -100.0%	$999.7M -53.5%	$2.2B
Other Current Liabilities	$723.5M -42.2%	$1.3B 8.9%	$1.1B -6.1%	$1.2B -4.9%	$1.3B
Total Current Liabilities	$2.2B 0.4%	$2.2B 25.0%	$1.8B -34.3%	$2.7B -26.6%	$3.7B
Long Term Debt	$2.3B -30.8%	$3.3B -8.6%	$3.6B 61.9%	$2.3B 24.6%	$1.8B
Deferred Revenue Noncurrent	$24.1M -59.1%	$58.9M 28.6%	$45.8M 20.5%	$38.0M 12.4%	$33.8M
Deferred Tax Liabilities	$0 -100.0%	$1.2B 11.9%	$1.0B -2.9%	$1.1B 5.1%	$1.0B
Other Noncurrent Liabilities	$723.5M -42.2%	$1.3B 8.9%	$1.1B -6.1%	$1.2B -4.9%	$1.3B
Total Liabilities	$2.2B 0.4%	$2.2B 25.0%	$1.8B -34.3%	$2.7B -26.6%	$3.7B
Equity
Preferred Stock	$0	$0	$0	$0	$0
Common Stock	$3.7M 0.0%	$3.7M 2.8%	$3.6M 0.0%	$3.6M 0.0%	$3.6M
Additional Paid In Capital	$4.2B 4.3%	$4.0B 4.8%	$3.9B 3.9%	$3.7B 1.0%	$3.7B
Retained Earnings	$5.4B -34.0%	$8.2B 9.6%	$7.5B 11.3%	$6.7B 11.9%	$6.0B
Treasury Stock	$3.2B 100.3%	$1.6B 2364076146.3%	$68 -100.0%	$442.9M	$0
Accumulated Other Comprehensive Income	$41.0M 108.8%	$-465.4M -42.7%	$-326.1M -0.1%	$-325.7M -76.1%	$-185.0M
Noncontrolling Interest	$7.7M 10.0%	$7.0M 9.4%	$6.4M 23.1%	$5.2M 8.3%	$4.8M
Total Stockholders Equity	$6.5B -36.7%	$10.2B -1.3%	$10.3B 6.6%	$9.7B 1.8%	$9.5B
Total Liabilitiesand Equity	$11.7B -31.0%	$17.0B 0.6%	$16.9B 6.4%	$15.9B -3.5%	$16.5B

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $4.2B

Operating income $720.2M

Net income $579.2M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$4.2B 1.9%	$4.1B 4.3%	$3.9B -32.8%	$5.8B 10.9%	$5.3B
Expenses Cost of Revenue	$1.5B 3.8%	$1.5B 1.7%	$1.4B -41.6%	$2.5B 9.6%	$2.2B
Expenses Research and Development	$259.2M 3.1%	$251.3M 6.0%	$237.0M -41.0%	$401.5M 13.2%	$354.8M
Expenses Selling,General and Administrative	$1.7B 0.6%	$1.7B -0.9%	$1.7B -14.8%	$2.0B 6.4%	$1.8B
Expenses Depreciation and Amortization	$437.6M 1.6%	$430.9M 1.1%	$426.2M -8.5%	$465.6M 17.7%	$395.5M
Expenses Share Based Compensation	$116.8M 29.6%	$90.1M -4.7%	$94.5M 0.7%	$93.8M 21.2%	$77.4M
Expenses Operating Expenses	$-1.9B -1.0%	$-1.9B 0.0%	$-1.9B 19.3%	$-2.4B	—
Other Income Expense Gross Profit	$2.6B 0.8%	$2.6B 5.7%	$2.5B -26.4%	$3.4B 11.8%	$3.0B
Other Income Expense Operating Income	$720.2M 0.5%	$716.3M 24.8%	$574.0M -41.9%	$987.4M 21.5%	$812.8M
Other Income Expense Interest Expense	$-120.5M 21.1%	$-152.8M -23.7%	$-123.5M -25.6%	$-98.3M -195.3%	$103.2M
Other Income Expense Other Income/expense	$2.5M 104.4%	$-57.2M -228.7%	$-17.4M -11.5%	$-15.6M -10.6%	$-14.1M
Other Income Expense Income Before Tax	$602.2M 18.9%	$506.3M 16.9%	$433.1M -50.4%	$873.5M 28.9%	$677.5M
Income Tax Income Tax Expense	$69.5M 192.0%	$23.8M -3.6%	$24.7M -79.1%	$118.3M 86.9%	$63.3M
net Income net Income	$579.2M -30.5%	$832.9M -3.8%	$865.8M 14.6%	$755.2M 24.1%	$608.4M
net Income Comprehensive Income	$753.3M 8.6%	$693.6M -19.9%	$865.4M 715.1%	$-140.7M -220.5%	$-43.9M
Earnings Per Share Basic Eps	$2 -27.2%	$2 -2.8%	$2 16.0%	$2 29.3%	$2
Earnings Per Share Diluted Eps	$2 -26.7%	$2 -2.9%	$2 15.7%	$2 28.8%	$2
Earnings Per Share Weighted Average Shares Basic	$332.0M -4.9%	$349.2M -0.9%	$352.5M -1.1%	$356.4M 2.1%	$349.0M
Earnings Per Share Weighted Average Shares Diluted	$334.6M -5.2%	$352.8M -0.8%	$355.6M -1.4%	$360.8M 2.4%	$352.3M

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	$579.2M -30.5%	$832.9M -3.8%	$865.8M 14.6%	$755.2M 24.1%	$608.4M
Operating Activities Depreciation and Amortization	$437.6M 1.6%	$430.9M 1.1%	$426.2M -8.5%	$465.6M 17.7%	$395.5M
Operating Activities Stock Based Compensation	$116.8M 29.6%	$90.1M -4.7%	$94.5M 0.7%	$93.8M 21.2%	$77.4M
Operating Activities Deferred Income Taxes	$49.9M 101.2%	$24.8M -70.3%	$83.6M 34.6%	$62.1M 51.5%	$41.0M
Operating Activities Changes In Operating Assets and Liabilities	$52.3M 36.9%	$38.2M -56.2%	$87.2M -60.8%	$222.2M -18.9%	$273.9M
Operating Activities net Cash From Operating Activities	$1.1B -29.1%	$1.5B 12.8%	$1.4B 3.9%	$1.3B 35.6%	$961.1M
Investing Activities Capital Expenditures	$105.1M 22.1%	$86.1M 9.5%	$78.6M -18.0%	$95.8M 91.6%	$50.0M
Investing Activities Business Acquisitions	$25.7M 613.9%	$3.6M -96.2%	$95.8M 648.4%	$12.8M -99.5%	$2.6B
Investing Activities Other Investing Activities	$-11.2M -1144.4%	$-900.0K 35.7%	$-1.4M -140.0%	$3.5M	$0
Investing Activities net Cash From Investing Activities	$-135.4M 92.5%	$-1.8B -819.1%	$-195.4M -90.6%	$-102.5M 96.1%	$-2.6B
Financing Activities Repurchase of Common Stock	$1.6B 81.0%	$889.6M 226.0%	$272.9M -38.4%	$442.9M	$0
Financing Activities Dividends Paid	$92.2M -17.1%	$111.2M 9.0%	$102.0M 2.5%	$99.5M 1.8%	$97.7M
Financing Activities Proceeds From Stock Issuance	$72.3M -25.4%	$96.9M 88.2%	$51.5M 192.6%	$17.6M -66.4%	$52.4M
Financing Activities Other Financing Activities	$40.8M -42.6%	$71.1M 295.0%	$18.0M 368.7%	$-6.7M -121.9%	$30.6M
Financing Activities net Cash From Financing Activities	$-1.4B -74.9%	$-792.7M -2554.2%	$32.3M 102.5%	$-1.3B -295.2%	$652.0M
Cash Reconciliation Effect of Exchange Rate On Cash	$1.0M 107.4%	$-13.6M -24.8%	$-10.9M 71.2%	$-37.8M -1160.0%	$-3.0M
Cash Reconciliation net Change In Cash	$-437.8M 59.3%	$-1.1B -191.2%	$1.2B 1171.4%	$-110.1M 89.1%	$-1.0B
Cash Reconciliation Cash At Beginning of Period	$375.5M -53.8%	$813.3M -56.9%	$1.9B 166.3%	$709.2M -13.4%	$819.3M
Cash Reconciliation Cash At End of Period	$375.5M -53.8%	$813.3M -56.9%	$1.9B 166.3%	$709.2M -13.4%	$819.3M

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	0.79x	1.59x	0.61x	0.47x
Leverage
D/E	0.35x	0.22x	0.17x	0.28x	0.39x
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	+51d	+71d	+47d	+57d

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