FTV · XBRL financial data
Fortive financial statements, every fiscal year
The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (FTV's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 4,634 | 5,255 | 5,826 | 6,065 | 6,232 | 4,159 |
| Cost of goods and services sold | 2,026 | 2,248 | 2,462 | 2,471 | 2,501 | 1,518 |
| Gross profit | 2,609 | 3,007 | 3,363 | 3,594 | 3,731 | 2,641 |
| Research and development | 321 | 355 | 402 | 398 | 414 | 259 |
| Selling, general and administrative | 1,748 | 1,840 | 1,957 | 2,063 | 2,174 | 1,662 |
| Total operating expenses | — | — | (2,358) | (1,903) | (2,588) | (1,921) |
| Operating income (loss) | 539 | 813 | 987 | 1,134 | 1,207 | 720 |
| Interest expense | 149 | 103 | 98 | 124 | (153) | (121) |
| Other income (expense) | (2) | (14) | (16) | (19) | (59) | 3 |
| Income tax expense (benefit) | 56 | 63 | 118 | 125 | 137 | 70 |
| Net income (loss) | — | — | 755 | 866 | 833 | 579 |
| Earnings per share, basic USD per share | 4.58 | 1.64 | 2.12 | 2.46 | 2.39 | 1.74 |
| Earnings per share, diluted USD per share | 4.49 | 1.63 | 2.10 | 2.43 | 2.36 | 1.73 |
| Weighted average shares, basic millions of shares | 337 | 349 | 356 | 353 | 349 | 332 |
| Weighted average shares, diluted millions of shares | 359 | 352 | 361 | 356 | 353 | 335 |
Balance sheet
CSVFiscal years (FTV's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,825 | 819 | 709 | 1,889 | 813 | 376 |
| Accounts receivable | 810 | 930 | 959 | 961 | 945 | 684 |
| Inventory | 456 | 513 | 537 | 537 | 545 | 292 |
| Prepaid and other current assets | 207 | 253 | 273 | 285 | 289 | 234 |
| Total current assets | 4,447 | 2,515 | 2,477 | 3,672 | 2,592 | 1,606 |
| Property and equipment, net | 422 | 396 | 422 | 440 | 433 | 270 |
| Right-of-use asset | 189 | 176 | 162 | 155 | 164 | 96 |
| Goodwill | 7,359 | 9,152 | 9,049 | 9,122 | 10,156 | 7,298 |
| Total assets | 16,052 | 16,466 | 15,891 | 16,912 | 17,016 | 11,738 |
| Accrued liabilities | 900 | 961 | 1,104 | 1,183 | 1,185 | 911 |
| Commercial paper | 0 | — | — | — | — | — |
| Current portion of long-term debt | 1,400 | 2,152 | 1,000 | 0 | 376 | 900 |
| Total current liabilities | 2,861 | 3,715 | 2,727 | 1,791 | 2,238 | 2,247 |
| Long-term debt | 2,830 | 1,807 | 2,252 | 3,646 | 3,331 | 2,307 |
| Lease liability, non-current | 154 | 140 | 131 | 126 | 133 | 74 |
| Retained earnings | 5,547 | 6,024 | 6,742 | 7,506 | 8,228 | 5,429 |
| Total stockholders' equity | 8,964 | 9,512 | 9,683 | 10,319 | 10,189 | 6,453 |
| Total liabilities and equity | 16,052 | 16,466 | 15,891 | 16,912 | 17,016 | 11,738 |
| Common shares outstanding (cover page) millions of shares | 338 | 359 | 353 | 351 | 340 | 308 |
Cash flows
CSVFiscal years (FTV's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | — | — | 755 | 866 | 833 | 579 |
| Stock-based compensation | 63 | 77 | 94 | 113 | 109 | 117 |
| Depreciation and amortization | 384 | 396 | 466 | 457 | 544 | 438 |
| Net cash from operating activities | 1,437 | 961 | 1,303 | 1,354 | 1,527 | 1,083 |
| Purchases of property and equipment | 76 | 50 | 96 | 108 | 120 | 105 |
| Net cash from investing activities | (148) | (2,616) | (103) | (195) | (1,796) | (135) |
| Share repurchases | 0 | 0 | 443 | 273 | 890 | 1,610 |
| Dividends paid | 94 | 98 | 100 | 102 | 111 | 92 |
| Net cash from financing activities | (696) | 652 | (1,273) | 32 | (793) | (1,387) |
| Net change in cash | 620 | (1,006) | (110) | 1,180 | (1,076) | (438) |
Compare with peers
SIC 3823 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 3823 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Fortive | 377 | 1,108 | 313* | 297.6M | 10-QOct 2, 2026 |
| Trimble | 215 | 967 | 150* | 229.2M | 10-QOct 2, 2026 |
| Keysight Technologies | 2,605 | 1,846 | 437* | 170.2M | 10-QJul 31, 2026 |
| Waters | 539 | 1,645 | 201* | 98.2M | 10-QJul 4, 2026 |
| Mettler Toledo International | 51 | 1,027 | 310* | 20.0M | 10-QJun 30, 2026 |
| Veralto | 1,785 | 1,509 | 323* | 243.1M | 10-QOct 2, 2026 |
| Teradyne | 461 | 1,306 | 314* | 156.1M | 10-QSep 27, 2026 |
| Agilent Technologies | 1,758 | 1,878 | 519* | 281.9M | 10-QJul 31, 2026 |
| Rockwell Automation | 479 | 2,313 | 724* | 111.0M | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.
