Fortive Corp
Business
Fortive Corporation designs, manufactures, and markets professional instruments, software, and services for industrial safety, productivity, and healthcare delivery. Intelligent Operating Solutions provides maintenance, repair, measurement, condition monitoring, and facility-management tools under brands including FLUKE, SERVICECHANNEL, GORDIAN, and ACCRUENT. Advanced Healthcare Solutions supplies sterilization equipment, biomedical test instruments, radiation detection, and clinical software under brands including ASP, FLUKE BIOMEDICAL, LANDAUER, and PROVATION. Fortive distributes globally through subsidiaries and distributors.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total sales | 4,159 | 4,081 | 3,914 | 5,826 | 5,255 | |
| Total cost of sales | −1,518 | −1,462 | −1,437 | −2,462 | −2,248 | |
| Gross profit | 2,641 | 2,619 | 2,477 | 3,363 | 3,007 | |
| Selling, general, and administrative | −1,662 | −1,652 | −1,666 | −1,957 | −1,840 | |
| Research and development | −259 | −251 | −237 | −402 | −355 | |
| Operating profit | 720 | 716 | 574 | 987 | 813 | |
| Interest expense, net | −121 | −153 | −124 | −98 | — | |
| Other non-operating income (expenses), net | 3 | −57 | −17 | −16 | −14 | |
| Earnings from continuing operations before income taxes | 602 | 506 | 433 | 874 | 678 | |
| Income taxes | −70 | −24 | −25 | −118 | −63 | |
| Net earnings from continuing operations | 533 | 483 | 408 | — | — | |
| Net earnings from discontinued operations | 47 | 350 | 457 | — | — | |
| Net earnings | 579 | 833 | 866 | 755 | — | |
| Basic (in dollars per share) | 1.6 | 1.38 | 1.16 | 2.12 | 1.66 | |
| Diluted (in dollars per share) | 1.59 | 1.37 | 1.15 | 2.1 | 1.65 | |
| Basic (in dollars per share) | 0.14 | 1.01 | 1.3 | 0 | −0.02 | |
| Diluted (in dollars per share) | 0.14 | 0.99 | 1.28 | 0 | −0.02 | |
| Basic (in dollars per share) | 1.74 | 2.39 | 2.46 | 2.12 | 1.64 | |
| Diluted (in dollars per share) | 1.73 | 2.36 | 2.43 | 2.1 | 1.63 | |
| Basic (in shares) | 332 | 349 | 353 | 356 | 349 | |
| Diluted (in shares) | 335 | 353 | 356 | 361 | 352 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and equivalents | 376 | 813 | 1,889 | 709 | 819 | |
| Accounts receivable less allowance for doubtful accounts of $18.8 and $19.4, respectively | 684 | 661 | 961 | 959 | 930 | |
| Finished goods | 170 | 152 | 214 | — | — | |
| Work in process | 12 | 15 | 109 | — | — | |
| Raw materials | 110 | 103 | 214 | — | — | |
| Inventories | 292 | 270 | 537 | 537 | 513 | |
| Prepaid expenses and other current assets | 234 | 234 | 285 | 273 | 253 | |
| Current assets, discontinued operations | 21 | 614 | — | — | 0 | |
| Total current assets | 1,606 | 2,592 | 3,672 | 2,477 | 2,515 | |
| Property, plant and equipment, net | 270 | 233 | 440 | 422 | 396 | |
| Other assets | 376 | 348 | 519 | 456 | 513 | |
| Goodwill | 7,298 | 7,216 | 7,265 | 9,049 | 9,152 | |
| Other intangible assets, net | 2,188 | 2,531 | 3,160 | 3,487 | 3,890 | |
| Other assets, discontinued operations | 0 | 4,096 | — | — | — | |
| Total assets | 11,738 | 17,016 | 16,912 | 15,891 | 16,466 | |
| Long-Term Debt, Current Maturities | 900 | 376 | 0 | 1,000 | 2,152 | |
| Trade accounts payable | 436 | 425 | 609 | 623 | 558 | |
| Accrued expenses and other current liabilities | 911 | 868 | 1,183 | 1,104 | 1,005 | |
| Current liabilities, discontinued operations | 0 | 569 | — | — | 0 | |
| Total current liabilities | 2,247 | 2,238 | 1,791 | 2,727 | 3,715 | |
| Other long-term liabilities | 724 | 847 | 1,149 | 1,223 | 1,426 | |
| Long-term debt | 2,307 | 3,331 | 3,646 | 2,252 | 1,807 | |
| Long-term liabilities, discontinued operations | 0 | 404 | — | — | — | |
| Commitments and Contingencies (Note 12) | — | — | — | — | — | |
| Common stock: $0.01 par value, 2,000 shares authorized; 369.6 and 366.6 issued; 313.4 and 341.2 outstanding; respectively | 4 | 4 | 4 | 4 | 4 | |
| Additional paid-in capital | 4,210 | 4,035 | 3,851 | 3,706 | 3,670 | |
| Treasury shares, at cost | −3,230 | −1,612 | −716 | — | — | |
| Retained earnings | 5,429 | 8,228 | 7,506 | 6,742 | 6,024 | |
| Accumulated other comprehensive income (loss) | 41 | −465 | −326 | −326 | −185 | |
| Total Fortive stockholders equity | 6,453 | 10,189 | 10,319 | 9,683 | 9,512 | |
| Noncontrolling interests | 8 | 7 | 6 | 5 | 5 | |
| Total stockholders equity | 6,461 | 10,196 | 10,325 | 9,689 | 9,517 | |
| Total liabilities and equity | 11,738 | 17,016 | 16,912 | 15,891 | 16,466 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Amortization | 368 | 369 | 367 | 382 | 321 | |
| Depreciation | 70 | 62 | 59 | 84 | 75 | |
| Stock-based compensation | 117 | 90 | 95 | 94 | 77 | |
| Loss from equity investments | 0 | 39 | 17 | 17 | — | |
| Change in deferred income taxes | −50 | −25 | −84 | −62 | −41 | |
| Change in accounts receivable, net | 9 | −16 | −700,000 | −52 | −84 | |
| Change in inventories | −20 | −8 | 8 | −40 | −54 | |
| Change in trade accounts payable | 12 | 51 | 2 | 81 | 73 | |
| Change in prepaid expenses and other assets | −16 | 10 | −65 | −7 | −35 | |
| Change in accrued expenses and other liabilities | 13 | −27 | 27 | 42 | 28 | |
| Total operating cash provided by continuing operations | 1,036 | 1,029 | 833 | 1,303 | 993 | |
| Total operating cash provided by discontinued operations | 48 | 498 | 520 | 0 | −32 | |
| Net cash provided by operating activities | 1,083 | 1,527 | 1,354 | 1,303 | 961 | |
| Purchases of property, plant and equipment | −105 | −86 | −79 | −96 | −50 | |
| Cash paid for acquisitions, net of cash received | −26 | −4 | −96 | −13 | −2,570 | |
| All other investing activities | 11 | 900,000 | 1 | −4 | 0 | |
| Total investing cash used in continuing operations | −120 | −89 | −173 | −103 | −2,616 | |
| Total investing cash used in discontinued operations | −16 | −1,707 | −22 | 0 | 0 | |
| Net cash used in investing activities | −135 | −1,796 | −195 | −103 | −2,616 | |
| Net proceeds from (repayments of) commercial paper borrowings | 900,000 | −597 | 840 | 39 | 365 | |
| Repurchase of common shares | −1,610 | −890 | −273 | −443 | 0 | |
| Payment of dividends | −92 | −111 | −102 | −100 | −98 | |
| Proceeds from borrowings (maturities greater than 90 days), net of issuance costs | 0 | 1,734 | 549 | 1,394 | 1,000 | |
| Repayment of borrowings (maturities greater than 90 days) | −716 | −1,000 | −1,000 | −1,000 | −611 | |
| Proceeds from Ralliant Dividend | 1,150 | 0 | 0 | 0 | 0 | |
| All other financing activities | 41 | 71 | 18 | −7 | 31 | |
| Total financing cash (used in) provided by continuing operations | −1,226 | −793 | 32 | −1,273 | 652 | |
| Total financing cash used in discontinued operations | −160 | 0 | 0 | 0 | 0 | |
| Net cash provided by (used in) financing activities | −1,387 | −793 | 32 | −1,273 | 652 | |
| Effect of exchange rate changes on cash and equivalents | 1 | −14 | −11 | −38 | −3 | |
| Net change in cash and equivalents | −438 | −1,076 | 1,180 | −110 | −1,006 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Fortive Corp's CIK number?
Fortive Corp's SEC CIK number is 0001659166 (1659166). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Fortive Corp's SEC filings?
All of Fortive Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Fortive Corp last report earnings?
Fortive Corp (FTV) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001659166-26-000012). This is Fortive Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Fortive Corp's most recent earnings 8-K?
Fortive Corp's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001659166-26-000012. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Fortive Corp's latest earnings 8-K →
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