Fortive Corp Financials
This page shows Fortive Corp (FTV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Fortive Corp has an operating margin of 19.4%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 97/100, reflecting efficient cost management and pricing power. This is up from 18.7% the prior year.
Fortive Corp's revenue grew a modest 2.7% year-over-year to $6.2B. This slow but positive growth earns a score of 36/100.
Fortive Corp carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
Fortive Corp's current ratio of 1.16 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.
Fortive Corp converts 22.6% of revenue into free cash flow ($1.4B). This strong cash generation earns a score of 100/100.
Fortive Corp's ROE of 8.2% shows moderate profitability relative to equity, earning a score of 33/100. This is down from 8.4% the prior year.
Fortive Corp scores 2.87, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($17.8B) relative to total liabilities ($6.8B). This signals moderate financial risk that warrants monitoring.
Fortive Corp passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Fortive Corp generates $1.83 in operating cash flow ($1.5B OCF vs $832.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Fortive Corp earns $7.9 in operating income for every $1 of interest expense ($1.2B vs $152.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Fortive Corp generated $6.2B in revenue in fiscal year 2024. This represents an increase of 2.7% from the prior year.
Fortive Corp's EBITDA was $1.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.1% from the prior year.
Fortive Corp generated $1.4B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 12.9% from the prior year.
Fortive Corp reported $832.9M in net income in fiscal year 2024. This represents a decrease of 3.8% from the prior year.
Fortive Corp earned $2.36 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 2.9% from the prior year.
Fortive Corp held $813.3M in cash against $3.3B in long-term debt as of fiscal year 2024.
Fortive Corp had 341M shares outstanding in fiscal year 2024. This represents a decrease of 2.7% from the prior year.
Fortive Corp's gross margin was 59.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Fortive Corp's operating margin was 19.4% in fiscal year 2024, reflecting core business profitability. This is up 0.7 percentage points from the prior year.
Fortive Corp's net profit margin was 13.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.
Fortive Corp's ROE was 8.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the prior year.
Fortive Corp invested $414.0M in research and development in fiscal year 2024. This represents an increase of 4.1% from the prior year.
Fortive Corp spent $889.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 226.0% from the prior year.
Fortive Corp invested $120.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 11.7% from the prior year.
FTV Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B-32.4% | $1.5B+3.0% | $1.5B-31.5% | $2.2B+38.6% | $1.6B+1.8% | $1.5B-3.7% | $1.6B+6.0% | $1.5B |
| Cost of Revenue | $377.9M-39.4% | $623.1M+5.0% | $593.3M-33.7% | $894.2M+43.3% | $624.1M+0.6% | $620.3M-2.5% | $636.2M+5.8% | $601.5M |
| Gross Profit | $649.2M-27.5% | $895.7M+1.7% | $880.9M-29.9% | $1.3B+35.4% | $928.3M+2.7% | $904.2M-4.6% | $947.5M+6.1% | $893.0M |
| R&D Expenses | $62.0M-43.2% | $109.2M+3.9% | $105.1M-28.4% | $146.8M+45.2% | $101.1M-2.9% | $104.1M+4.9% | $99.2M+0.8% | $98.4M |
| SG&A Expenses | $427.6M-24.2% | $564.3M+4.1% | $542.2M-20.2% | $679.6M+29.3% | $525.4M-6.3% | $561.0M+4.4% | $537.4M+6.7% | $503.5M |
| Operating Income | $159.6M-28.2% | $222.2M-4.9% | $233.6M-45.8% | $430.6M+42.7% | $301.8M-0.1% | $302.2M-2.8% | $310.9M+6.8% | $291.1M |
| Interest Expense | -$25.4M+20.9% | -$32.1M-0.3% | -$32.0M+3.0% | -$33.0M+14.7% | -$38.7M+12.0% | -$44.0M+79.9% | -$218.5M-833.2% | $29.8M |
| Income Tax | $18.0M-29.1% | $25.4M-13.9% | $29.5M-62.6% | $78.9M+134.8% | $33.6M+26.3% | $26.6M+116.3% | $12.3M-68.5% | $39.1M |
| Net Income | $55.0M-67.0% | $166.6M-3.1% | $171.9M-17.7% | $208.8M+7.0% | $195.1M-5.9% | $207.4M-21.8% | $265.2M+21.7% | $218.0M |
| EPS (Diluted) | $0.16-67.3% | $0.49-2.0% | $0.50-16.7% | $0.60+9.1% | $0.55-5.2% | $0.58-21.6% | $0.74+21.3% | $0.61 |
FTV Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.9B-34.8% | $18.2B+6.5% | $17.1B+0.7% | $17.0B-1.6% | $17.3B-1.3% | $17.5B+3.6% | $16.9B+8.0% | $15.7B |
| Current Assets | $1.7B-53.0% | $3.7B+36.2% | $2.7B+4.3% | $2.6B+2.9% | $2.5B-3.6% | $2.6B-28.8% | $3.7B+48.7% | $2.5B |
| Cash & Equivalents | $430.8M-76.5% | $1.8B+105.4% | $892.1M+9.7% | $813.3M+26.3% | $644.1M-8.6% | $704.6M-62.7% | $1.9B+164.5% | $714.1M |
| Inventory | $310.6M-49.1% | $610.4M+7.5% | $568.0M+110.5% | $269.8M-52.8% | $572.0M-1.5% | $580.8M+8.2% | $536.9M-2.8% | $552.5M |
| Accounts Receivable | $633.6M-30.5% | $912.2M-1.8% | $929.3M+40.5% | $661.3M-29.2% | $934.5M-2.9% | $962.6M+0.2% | $960.8M+3.8% | $925.4M |
| Goodwill | $7.3B-30.1% | $10.4B+1.6% | $10.2B+42.0% | $7.2B-29.4% | $10.2B-0.2% | $10.2B+12.2% | $9.1B+0.7% | $9.1B |
| Total Liabilities | $5.4B-31.5% | $7.9B+13.9% | $6.9B+1.1% | $6.8B+0.6% | $6.8B-3.7% | $7.0B+6.8% | $6.6B+18.0% | $5.6B |
| Current Liabilities | $2.5B-34.1% | $3.7B+37.4% | $2.7B+21.8% | $2.2B+9.4% | $2.0B+17.7% | $1.7B-2.9% | $1.8B-26.0% | $2.4B |
| Long-Term Debt | $2.1B-27.2% | $2.9B-0.8% | $2.9B-12.1% | $3.3B-1.9% | $3.4B-13.8% | $3.9B+8.1% | $3.6B+84.0% | $2.0B |
| Total Equity | $6.5B-37.4% | $10.4B+1.4% | $10.2B+0.5% | $10.2B-3.0% | $10.5B+0.2% | $10.5B+1.5% | $10.3B+2.4% | $10.1B |
| Retained Earnings | $5.3B-38.2% | $8.5B+1.7% | $8.4B+1.8% | $8.2B+4.8% | $7.9B+2.2% | $7.7B+2.4% | $7.5B+3.3% | $7.3B |
FTV Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $164.4M-47.2% | $311.2M+28.8% | $241.7M-51.9% | $502.2M+62.6% | $308.9M+20.3% | $256.7M-42.5% | $446.8M+8.6% | $411.4M |
| Capital Expenditures | $28.6M-22.1% | $36.7M+37.5% | $26.7M-53.1% | $56.9M+94.9% | $29.2M+10.6% | $26.4M-22.6% | $34.1M+22.2% | $27.9M |
| Free Cash Flow | $135.8M-50.5% | $274.5M+27.7% | $215.0M-51.7% | $445.3M+59.2% | $279.7M+21.5% | $230.3M-44.2% | $412.7M+7.6% | $383.5M |
| Investing Cash Flow | -$28.4M-15.4% | -$24.6M+6.1% | -$26.2M-789.5% | $3.8M+108.5% | -$44.8M+97.4% | -$1.7B-2340.2% | -$71.2M+14.5% | -$83.3M |
| Financing Cash Flow | -$1.5B-335.6% | $650.3M+561.2% | -$141.0M+71.6% | -$496.0M-54.0% | -$322.0M-204.9% | $306.9M-61.6% | $798.6M+345.8% | -$324.9M |
| Dividends Paid | $19.2M-28.9% | $27.0M-0.7% | $27.2M-0.4% | $27.3M-2.5% | $28.0M-0.4% | $28.1M0.0% | $28.1M+14.2% | $24.6M |
| Share Buybacks | $1.0B+605.1% | $141.9M-30.0% | $202.6M-56.6% | $466.6M+205.2% | $152.9M | $0-100.0% | $65.0M-17.5% | $78.8M |
FTV Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.2%+4.2pp | 59.0%-0.8pp | 59.8%+1.3pp | 58.4%-1.4pp | 59.8%+0.5pp | 59.3%-0.5pp | 59.8%+0.1pp | 59.8% |
| Operating Margin | 15.5%+0.9pp | 14.6%-1.2pp | 15.8%-4.2pp | 20.0%+0.6pp | 19.4%-0.4pp | 19.8%+0.2pp | 19.6%+0.2pp | 19.5% |
| Net Margin | 5.3%-5.6pp | 11.0%-0.7pp | 11.7%+1.9pp | 9.7%-2.9pp | 12.6%-1.0pp | 13.6%-3.1pp | 16.8%+2.2pp | 14.6% |
| Return on Equity | 0.9%-0.8pp | 1.6%-0.1pp | 1.7%-0.4pp | 2.1%+0.2pp | 1.9%-0.1pp | 2.0%-0.6pp | 2.6%+0.4pp | 2.2% |
| Return on Assets | 0.5%-0.5pp | 0.9%-0.1pp | 1.0%-0.2pp | 1.2%+0.1pp | 1.1%-0.1pp | 1.2%-0.4pp | 1.6%+0.2pp | 1.4% |
| Current Ratio | 0.70-0.3 | 0.980.0 | 0.99-0.2 | 1.16-0.1 | 1.23-0.3 | 1.50-0.5 | 2.05+1.0 | 1.02 |
| Debt-to-Equity | 0.33+0.0 | 0.280.0 | 0.29-0.0 | 0.330.0 | 0.32-0.1 | 0.38+0.0 | 0.35+0.2 | 0.20 |
| FCF Margin | 13.2%-4.8pp | 18.1%+3.5pp | 14.6%-6.1pp | 20.7%+2.7pp | 18.0%+2.9pp | 15.1%-10.9pp | 26.1%+0.4pp | 25.7% |
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Frequently Asked Questions
What is Fortive Corp's annual revenue?
Fortive Corp (FTV) reported $6.2B in total revenue for fiscal year 2024. This represents a 2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fortive Corp's revenue growing?
Fortive Corp (FTV) revenue grew by 2.7% year-over-year, from $6.1B to $6.2B in fiscal year 2024.
Is Fortive Corp profitable?
Yes, Fortive Corp (FTV) reported a net income of $832.9M in fiscal year 2024, with a net profit margin of 13.4%.
What is Fortive Corp's earnings per share (EPS)?
Fortive Corp (FTV) reported diluted earnings per share of $2.36 for fiscal year 2024. This represents a -2.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Fortive Corp's EBITDA?
Fortive Corp (FTV) had EBITDA of $1.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Fortive Corp have?
As of fiscal year 2024, Fortive Corp (FTV) had $813.3M in cash and equivalents against $3.3B in long-term debt.
What is Fortive Corp's gross margin?
Fortive Corp (FTV) had a gross margin of 59.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fortive Corp's operating margin?
Fortive Corp (FTV) had an operating margin of 19.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Fortive Corp's net profit margin?
Fortive Corp (FTV) had a net profit margin of 13.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Fortive Corp's return on equity (ROE)?
Fortive Corp (FTV) has a return on equity of 8.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Fortive Corp's free cash flow?
Fortive Corp (FTV) generated $1.4B in free cash flow during fiscal year 2024. This represents a 12.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fortive Corp's operating cash flow?
Fortive Corp (FTV) generated $1.5B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Fortive Corp's total assets?
Fortive Corp (FTV) had $17.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Fortive Corp's capital expenditures?
Fortive Corp (FTV) invested $120.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Fortive Corp spend on research and development?
Fortive Corp (FTV) invested $414.0M in research and development during fiscal year 2024.
Does Fortive Corp buy back shares?
Yes, Fortive Corp (FTV) spent $889.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Fortive Corp have outstanding?
Fortive Corp (FTV) had 341M shares outstanding as of fiscal year 2024.
What is Fortive Corp's current ratio?
Fortive Corp (FTV) had a current ratio of 1.16 as of fiscal year 2024, which is considered adequate.
What is Fortive Corp's debt-to-equity ratio?
Fortive Corp (FTV) had a debt-to-equity ratio of 0.33 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fortive Corp's return on assets (ROA)?
Fortive Corp (FTV) had a return on assets of 4.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Fortive Corp's Altman Z-Score?
Fortive Corp (FTV) has an Altman Z-Score of 2.87, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Fortive Corp's Piotroski F-Score?
Fortive Corp (FTV) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fortive Corp's earnings high quality?
Fortive Corp (FTV) has an earnings quality ratio of 1.83x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Fortive Corp cover its interest payments?
Fortive Corp (FTV) has an interest coverage ratio of 7.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Fortive Corp?
Fortive Corp (FTV) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.