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FTV financial statements

The full income statement, balance sheet, and cash-flow statement for Fortive Corporation Common Stock (FTV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Financial overview#

Revenue

5Y CAGR −2.1%10Y CAGR −3.9%YoY +7.8%
$4.4B TTM$1.1B Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Gross profit

5Y CAGR +0.2%10Y CAGR −1.3%YoY +9.5%
$2.8B TTM$710.6M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Operating income

5Y CAGR +6.0%10Y CAGR −5.5%YoY +47.8%
$863M TTM$235.9M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Net income

5Y CAGR −18.5%10Y CAGR −3.9%YoY +213.6%
$651.9M TTM$172.5M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

EPS (diluted)

5Y CAGR −17.4%10Y CAGR −3.6%YoY +256.2%
$2.10 TTM$0.57 Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Operating cash flow

5Y CAGR −5.5%10Y CAGR +0.7%YoY +90.5%
$1.2B TTM$313.2M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Capital expenditure

5Y CAGR +6.8%10Y CAGR −1.3%YoY +3.1%
$114.6M TTM$29.5M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Free cash flow

5Y CAGR −6.4%10Y CAGR +1.0%YoY +108.9%
$1.1B TTM$283.7M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Shares (diluted)

5Y −6.8%10Y −3.1%YoY −8.8%
310.8M TTM303.9M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Dividend per share

5Y CAGR +1.4%5Y CAGR +1.4%YoY +16.7%
$0.26 TTM$0.07 Q3 '26
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Shares outstanding (point-in-time)

2024-09 346.9M2024-12 340.3M2025-03 339.9M2025-06 338.3M2025-09 317.6M2025-12 307.9M2026-04 304.9M2026-07 302.0M2026-10 297.6M-14.2% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeFiguresAs-reported fiscal years.
Line itemTrendFY2025FY2024FY2023FY2022FY2021
Income Statementas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
Revenue4.16B+1.9%4.08B+4.3%3.91B-32.8%5.83B+10.9%5.25B+13.4%
2.64B+0.8%2.62B+5.7%2.48B-26.4%3.36B+11.8%3.01B+15.3%
Cost of revenue1.52B+3.8%1.46B+1.7%1.44B-41.6%2.46B+9.6%2.25B+10.9%
-1.92B-1.0%-1.90B+0.0%-1.90B+19.3%-2.36B—
Research & development259M+3.1%251M+6.0%237M-41.0%402M+13.2%355M+10.6%
Selling, general & administrative1.66B+0.6%1.65B-0.9%1.67B-14.8%1.96B+6.4%1.84B+5.2%
Amortization of intangibles368M-0.3%369M+0.5%367M-3.9%382M+19.0%321M+3.5%
Provision for credit losses———14.0M+100.0%7.00M+0.0%
Operating income720M+0.5%716M+24.8%574M-41.9%987M+21.5%813M+50.7%
Interest expense121M-21.1%153M+23.7%124M+25.6%98.3M-4.7%103M-30.5%
Other non-operating income2.50M+104.4%-57.2M-228.7%-17.4M-11.5%-15.6M-10.6%-14.1M-487.5%
Equity-method income0.00+100.0%-39.4M-127.7%-17.3M+0.0%-17.3M—
Gain (loss) on equity securities——0.000.00-100.0%57.0M-94.9%
Pre-tax income602M+18.9%506M+16.9%433M-50.4%874M+28.9%678M-55.1%
Income tax69.5M+192.0%23.8M-3.6%24.7M-79.1%118M+86.9%63.3M+14.1%
579M-30.5%833M-3.8%866M+14.6%755M+24.1%608M-62.3%
Income from continuing operations533M+10.4%483M+18.1%408M-45.9%755M+23.0%614M-57.7%
Discontinued operations——0.000.00+100.0%-5.80M-103.6%
Net income to common579M-30.5%833M-3.8%866M+14.6%755M+31.6%574M-62.8%
$1.73-26.7%$2.36-2.9%$2.43+15.7%$2.10+28.8%$1.63-63.7%
EPS (basic)$1.74-27.2%$2.39-2.8%$2.46+16.0%$2.12+29.3%$1.64-64.2%
Weighted-avg shares (basic)332M-4.9%349M-0.9%353M-1.1%356M+2.1%349M+3.4%
Weighted-avg shares (diluted)335M-5.2%353M-0.8%356M-1.4%361M+2.4%352M-1.9%
Dividends per share$0.30-8.4%$0.33+12.7%$0.29+3.6%$0.28+0.0%$0.28+0.0%
Balance Sheetas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
1.61B-38.1%2.59B-29.4%3.67B+48.2%2.48B-1.5%2.51B-43.4%
Cash & equivalents376M-53.8%813M-56.9%1.89B+166.3%709M-13.4%819M-55.1%
Accounts receivable684M+3.4%661M-31.2%961M+0.2%959M+3.0%930M+14.8%
Inventory292M+8.2%270M-49.7%537M+0.0%537M+4.7%513M+12.6%
Prepaid expenses234M+0.2%234M-18.1%285M+4.6%273M+7.9%253M+22.3%
11.7B-31.0%17.0B+0.6%16.9B+6.4%15.9B-3.5%16.5B+2.6%
Property, plant & equipment270M+15.8%233M-47.0%440M+4.2%422M+6.7%396M-6.3%
Operating lease right-of-use96.1M+4.7%91.8M-40.8%155M-4.3%162M-7.7%176M-6.9%
Goodwill7.30B+1.1%7.22B-20.9%9.12B+0.8%9.05B-1.1%9.15B+24.4%
Intangible assets2.19B-13.5%2.53B-19.9%3.16B-9.4%3.49B-10.4%3.89B+18.2%
Other non-current assets376M+7.8%348M-32.9%519M+13.8%456M-11.1%513M+49.1%
2.25B+0.4%2.24B+25.0%1.79B-34.3%2.73B-26.6%3.71B+29.9%
Accounts payable436M+2.6%425M-30.1%609M-2.3%623M+11.7%558M+16.0%
Accrued liabilities911M+4.9%868M-26.6%1.18B+7.1%1.10B+9.9%1.01B+11.7%
Deferred revenue440M+7.4%410M-24.7%545M+6.9%510M+11.4%458M+21.6%
Short-term & current debt900M+139.1%376M0.00-100.0%1000M-53.5%2.15B+53.7%
Current lease liability27.0M+8.9%24.8M-34.0%37.6M-2.1%38.4M-13.9%44.6M-5.1%
5.28B-22.6%6.82B+3.6%6.59B+6.2%6.20B-10.7%6.95B-1.8%
Long-term debt2.31B-30.8%3.33B-8.6%3.65B+61.9%2.25B+24.6%1.81B-36.1%
Deferred revenue (non-current)24.1M+4.3%23.1M-49.6%45.8M+20.5%38.0M+12.4%33.8M-1.2%
Non-current lease liability73.6M+0.7%73.1M-42.1%126M-3.6%131M-6.4%140M-9.3%
Operating lease liability (total)101M+2.8%97.9M-40.3%164M-3.0%169M-8.4%185M-8.3%
Other non-current liabilities724M-14.6%847M-26.3%1.15B-6.1%1.22B-14.2%1.43B+15.6%
6.45B-36.7%10.2B-1.3%10.3B+6.6%9.68B+1.8%9.51B+6.1%
Preferred stock———0.000.00
Common stock3.70M+0.0%3.70M+2.8%3.60M+0.0%3.60M+0.0%3.60M+5.9%
Additional paid-in capital4.21B+4.3%4.04B+4.8%3.85B+3.9%3.71B+1.0%3.67B+3.2%
Retained earnings5.43B-34.0%8.23B+9.6%7.51B+11.3%6.74B+11.9%6.02B+8.6%
Treasury stock3.23B+100.3%1.61B+125.2%716M+61.6%443M0.00
Accumulated other comprehensive income41.0M+108.8%-465M-42.7%-326M-0.1%-326M-76.1%-185M-31.1%
Non-controlling interest7.70M+10.0%7.00M+9.4%6.40M+23.1%5.20M+8.3%4.80M-43.5%
Total equity incl. non-controlling6.46B-36.6%10.2B-1.3%10.3B+6.6%9.69B+1.8%9.52B+6.1%
Total liabilities & equity11.7B-31.0%17.0B+0.6%16.9B+6.4%15.9B-3.5%16.5B+2.6%
Common shares issued367M+0.0%367M+0.8%364M+0.6%362M+0.3%360M+6.3%
Common shares outstanding313M-8.1%341M-2.7%351M-0.6%353M-1.7%359M+6.3%
Shares outstanding (cover)308M-9.5%340M-3.2%351M-0.5%353M-1.6%359M+6.2%
Cash Flowas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
1.08B-29.1%1.53B+12.8%1.35B+3.9%1.30B+35.6%961M-33.1%
Depreciation & amortization438M+1.6%431M+1.1%426M-8.5%466M+17.7%396M+3.0%
Intangible amortization368M-0.3%369M+0.5%367M-3.9%382M+19.0%321M+3.5%
Share-based compensation117M+29.6%90.1M-4.7%94.5M+0.7%93.8M+21.2%77.4M+23.6%
Change in receivables-8.70M-156.1%15.5M+2114.3%700K-98.7%52.1M-38.0%84.1M+202.1%
Change in inventory20.0M+153.2%7.90M+202.6%-7.70M-119.1%40.3M-24.8%53.6M+634.2%
Change in payables12.4M-75.7%51.1M+2222.7%2.20M-97.3%81.3M+10.8%73.4M+305.5%
-135M+92.5%-1.80B-819.1%-195M-90.6%-103M+96.1%-2.62B-1662.5%
Capital expenditure105M+22.1%86.1M+9.5%78.6M-18.0%95.8M+91.6%50.0M-33.9%
Free cash flow978M-32.1%1.44B+13.0%1.27B+5.6%1.21B+32.5%911M-33.1%
Acquisitions25.7M+613.9%3.60M-96.2%95.8M+648.4%12.8M-99.5%2.57B+6261.6%
Other investing activities-11.2M-1144.4%-900K+35.7%-1.40M-140.0%3.50M0.00
-1.39B-74.9%-793M-2554.2%32.3M+102.5%-1.27B-295.2%652M+193.7%
Long-term debt issued0.000.000.000.000.00
Long-term debt repaid0.000.000.000.00—
Common stock issued0.000.000.000.000.00
Common stock repurchased1.61B+81.0%890M+226.0%273M-38.4%443M0.00
Dividends paid92.2M-17.1%111M+9.0%102M+2.5%99.5M+1.8%97.7M+3.5%
Other financing activities40.8M-42.6%71.1M+295.0%18.0M+368.7%-6.70M-121.9%30.6M+47.8%
FX effect on cash1.00M+107.4%-13.6M-24.8%-10.9M+71.2%-37.8M-1160.0%-3.00M-110.9%
Net change in cash-438M+59.3%-1.08B-191.2%1.18B+1171.4%-110M+89.1%-1.01B-262.3%
Interest paid———0.000.00-100.0%
Income taxes paid100M-12.3%114M-6.6%122M-17.6%148M+43.7%103M+8.4%
Valuation Ratiosas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
Market cap17.3B-10.3%19.3B-1.1%19.5B+13.8%17.1B-17.0%20.6B+14.5%
P/E29.9×+29.0%23.2×-1.7%23.6×-4.7%24.7×-27.2%33.9×+203.6%
P/S4.2×-12.0%4.7×+45.7%3.2×+7.4%3.0×-23.1%3.9×+1.0%
P/B2.7×+41.7%1.9×-2.2%1.9×+6.1%1.8×-16.0%2.2×+7.9%
P/FCF17.7×+32.2%13.4×-13.4%15.5×-6.9%16.6×-26.7%22.7×+71.0%
Earnings yield3.3%-22.5%4.3%+1.7%4.2%+4.9%4.0%+37.3%2.9%-67.1%
FCF yield5.7%-24.3%7.5%+15.5%6.5%+7.4%6.0%+36.5%4.4%-41.5%
Dividend yield0.54%-6.2%0.58%+10.6%0.52%-9.6%0.58%+18.7%0.49%-7.2%
Source filing10-K10-K10-K10-K10-K

About this data

Source: FTV’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FTV filings on SEC EDGAR → Not investment advice.