FORTIVE CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 3,206 | 33.2 |
| Stockholders' equity | 6,453 | 66.8 |
| Total capitalization | 9,659 | 100.0 |
304,861,021 shares outstanding at 24 April 2026 (cover page of the 10-Q filed 30 April 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 3,206 |
| Long-term debt, noncurrent | 2,306 |
| Current maturities | 900 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 2,000,000,000 |
| Common shares issued | 369,600,000 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 4/24/26 | 304,861,021 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | 0.29 | 11.9 |
| 2022 | 0.28 | 13.3 |
| 2021 | 0.28 | 17.2 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3823, Industrial Instruments For Measurement, Display, and Control. Large accelerated filer. Principal executive office: 6920 Seaway Blvd., Everett, WA 98203. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 4,159 | 4,081 | 3,914 |
| Cost of revenues | 1,518 | 1,462 | 1,437 |
| Gross profit | 2,641 | 2,619 | 2,477 |
| Research and development | 259 | 251 | 237 |
| Selling, general and administrative | 1,662 | 1,652 | 1,666 |
| Depreciation and amortization | 438 | 431 | 426 |
| Operating income | 720 | 716 | 574 |
| Interest expense | (120) | (153) | (124) |
| Income before income taxes | 602 | 506 | 433 |
| Income taxes | 70 | 24 | 25 |
| Net income | 579 | 833 | 866 |
| Earned per share, diluted ($) | 1.73 | 2.36 | 2.43 |
| Dividends per share ($) | – | – | 0.29 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 376 | 813 |
| Receivables, net | 684 | 661 |
| Inventories | 292 | 270 |
| Total current assets | 1,606 | 2,592 |
| Property, plant and equipment, net | 270 | 233 |
| Goodwill | 7,298 | 7,216 |
| Total assets | 11,738 | 17,016 |
| Total current liabilities | 2,247 | 2,238 |
| Long-term debt | 2,306 | 3,331 |
| Stockholders' equity | 6,453 | 10,189 |
| Total liabilities and equity | 11,738 | 17,016 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 4,159 | 720 | 579 | 13.9 | 1.73 | – | 1,083 | 105 | 978 | 11,738 | 5,277d | 3,206 | 6,453 | 9.0 | 0.50 |
| 12/31/24 | 4,081 | 716 | 833 | 20.4 | 2.36 | – | 1,527 | 86 | 1,441 | 17,016 | 6,820d | 3,707 | 10,189 | 8.2 | 0.36 |
| 12/31/23 | 3,914 | 574 | 866 | 22.1 | 2.43 | 0.29 | 1,354 | 79 | 1,275 | 16,912 | 6,586d | 3,646 | 10,319 | 8.4 | 0.35 |
| 12/31/22 | 5,826 | 987 | 755 | 13.0 | 2.10 | 0.28 | 1,303 | 96 | 1,207 | 15,891 | 6,202d | 3,251 | 9,683 | 7.8 | 0.34 |
| 12/31/21 | 5,255 | 813 | 574 | 10.9 | 1.63 | 0.28 | 961 | 50 | 911 | 16,466 | 6,948d | 3,959 | 9,512 | 6.0 | 0.42 |
| 12/31/20 | 4,634 | 539 | 1,544 | 33.3 | 4.49 | 0.28 | 1,437 | 76 | 1,361 | 16,052 | 7,079d | 4,230 | 8,964 | 17.2 | 0.47 |
| 12/31/19 | 4,564 | 444 | 670 | 14.7 | 1.97 | 0.28 | 1,271 | 74 | 1,197 | 17,439 | 10,039d | 6,326 | 7,387 | 9.1 | 0.86 |
| 12/31/18 | 6,453 | 645 | 2,879 | 44.6 | 8.21 | 0.28 | 1,344 | 70 | 1,274 | 12,906 | 6,293d | 3,430 | 6,596 | 43.6 | 0.52 |
| 12/31/17 | 5,756 | 1,143 | 1,044 | 18.1 | 2.96 | 0.28 | 1,176 | 111 | 1,065 | 10,501 | 6,692d | 4,056 | 3,790 | 27.6 | 1.07 |
| 12/31/16 | 5,378 | 1,062 | 872 | 16.2 | 2.51 | – | 1,137 | 110 | 1,027 | 8,190 | 5,499d | 3,358 | 2,688 | 32.5 | 1.25 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Fortive Corp
CIK 1659166 · EIN 00-0000000
PRINCIPAL OFFICE:
6920 Seaway Blvd., Everett, WA 98203
Tel.: (425) 446-5000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
3823 · Industrial Instruments For Measurement, Display, and Control
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 25 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/25/26) · 10-K FY2024 (filed 2/25/25) · 10-K FY2023 (filed 2/27/24) · 10-K FY2022 (filed 2/28/23) · 10-K FY2021 (filed 3/1/22) · 10-K FY2020 (filed 2/26/21) · 10-K FY2019 (filed 2/27/20) · 10-K FY2018 (filed 2/28/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.