FTVNYSEIndustrial Instruments For Measurement, Display, and ControlFiscal year ends December 31
Fortive Corp
Financials through Q1 FY2026, quarter ended Apr 3, 2026Last filing: 10-Q on Jul 29, 2026
$57.48−0.31 (-0.54%)
Close on Oct 19, 2026
- Market cap
- $17.98B
- P/E (TTM)
- 34.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2013 to 2025
Gross margin
63.5%+7.2 pts over 5 years
Operating margin
17.3%+5.7 pts over 5 years
Net margin
13.9%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.9% | -10.6% | -2.1% | -3.9% | |
| Gross profit | +0.8% | -7.7% | +0.2% | -1.3% | |
| Operating income | +0.5% | -10.0% | +6.0% | -5.5% | |
| Net income | -30.5% | -8.5% | – | – | |
| EPS, diluted | -26.7% | -6.3% | -17.4% | -3.6% | |
| Free cash flow | -32.1% | -6.8% | -6.4% | +1.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 7.0% | |
| Return on assets | – | – | 4.0% | |
| Current ratio | 1.70 | 1.55 | 0.71 | |
| Debt to equity | 1.25 | 0.47 | 0.50 | |
| Net debt to EBITDA | 2.09× | 2.60× | 2.44× | |
| Interest coverage | 22.9× | 3.6× | -6.0× | |
| Inventory turnover | 5.0× | 4.6× | 5.4× | |
| Capex to revenue | 2.0% | 1.6% | 2.5% | |
| Diluted shares | 347M | 359M | 335M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Fortive generated $6.23B from operations and spent $4.13B on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
Generated
$6.23B
Used
$4.13B
Capital expenditure$415.60M10%Dividends$502.60M12%Share buybacks$3.22B78%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.9%
×Asset turnover0.29×
×Equity multiplier1.73×
=Return on equity, FY20257.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.9% | 0.29× | 1.73× | 7.0% |
| FY2024 | 20.4% | 0.24× | 1.65× | 8.1% |
| FY2023 | 22.1% | 0.24× | 1.64× | 8.7% |
| FY2022 | 13.0% | 0.36× | 1.69× | 7.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$579.20M
- Cash generatingOperating cash flow above zero$1.08B
- Return on assets improvedROA up on the prior year4.9% → 3.4%
- Earnings backed by cashOperating cash flow above net income$1.08B vs $579.20M
- Less leverageLong-term debt to assets fell19.6% → 19.7%
- Better liquidityCurrent ratio rose1.16 → 0.71
- No dilutionShare count did not rise353M → 335M
- Gross margin improvedGross margin up on the prior year64.18% → 63.50%
- More efficientAsset turnover rose0.24 → 0.24