Fortive Corporation (FTV) financial statements: income statement, balance sheet and cash flow
Fortive Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Fortive Corporation reported revenue of $4.2B (-33.3% year on year) and net income of $579.2M (-30.5% year on year).
Income statement
Fortive Corporation income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total sales
$4.2B
$6.2B
$6.1B
$5.8B
Total cost of sales
($1.5B)
($2.5B)
($2.5B)
($2.5B)
Gross profit
$2.6B
$3.7B
$3.6B
$3.4B
Selling, general, and administrative
($1.7B)
($2.2B)
($2.1B)
($2.0B)
Research and development
($259.2M)
($414.0M)
($397.8M)
($401.5M)
Operating profit
$720.2M
$1.2B
$1.1B
$987.4M
Interest expense, net
($120.5M)
($152.8M)
($123.5M)
($98.3M)
Other non-operating income (expenses), net
$2.5M
($58.6M)
($19.4M)
($15.6M)
Earnings from continuing operations before income taxes
$602.2M
$969.6M
$990.8M
$873.5M
Income taxes
($69.5M)
($136.7M)
($125.0M)
($118.3M)
Net earnings from continuing operations
$532.7M
—
$865.8M
$755.2M
Net earnings from discontinued operations
$46.5M
—
—
—
Net earnings
$579.2M
$832.9M
$865.8M
$755.2M
Basic (in dollars per share)
$1.60
—
$2.46
$2.12
Diluted (in dollars per share)
$1.59
—
$2.43
$2.10
Basic (in dollars per share)
$0.14
—
$0.00
$0.00
Diluted (in dollars per share)
$0.14
—
$0.00
$0.00
Basic (in dollars per share)
$1.74
$2.39
$2.46
$2.12
Diluted (in dollars per share)
$1.73
$2.36
$2.43
$2.10
Basic (in shares)
332.0M
349.2M
352.5M
356.4M
Diluted (in shares)
334.6M
352.8M
355.6M
360.8M
Fortive Corporation income statement, quarters
Line item
Jul 3, 2026 · Q3
Apr 3, 2026 · Q2
Sep 26, 2025 · Q3
Jun 27, 2025 · Q2
Total sales
$1.1B
$1.1B
$1.0B
$1.5B
Total cost of sales
($401.5M)
($393.9M)
($377.9M)
($623.1M)
Gross profit
$695.3M
$675.5M
$649.2M
$895.7M
Selling, general and administrative
($417.9M)
($417.3M)
($427.6M)
($564.3M)
Research and development
($67.5M)
($66.5M)
($62.0M)
($109.2M)
Operating profit
$209.9M
$191.7M
$159.6M
$222.2M
Interest expense, net
($35.4M)
($31.6M)
($25.4M)
($32.1M)
Other non-operating income, net
$5.0M
$3.5M
$800.0K
$1.9M
Earnings from continuing operations before income taxes
$179.5M
$163.6M
$135.0M
$192.0M
Income taxes
($22.2M)
($27.2M)
($18.0M)
($25.4M)
Net earnings from continuing operations
$157.3M
$136.4M
$117.0M
—
Net earnings from discontinued operations
$0
$0
($62.0M)
—
Net earnings
$157.3M
$136.4M
$55.0M
$166.6M
Basic (in dollars per share)
$0.00
$0.00
-$0.19
—
Diluted (in dollars per share)
$0.00
$0.00
-$0.19
—
Basic (in dollars per share)
$0.52
$0.44
$0.35
$0.49
Diluted (in dollars per share)
$0.51
$0.44
$0.35
$0.49
Basic (in shares)
304.2M
309.6M
330.8M
339.6M
Diluted (in shares)
307.6M
312.8M
333.4M
341.7M
Balance sheet
Fortive Corporation balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and equivalents
$375.5M
$813.3M
$1.9B
$709.2M
Accounts receivable less allowance for doubtful accounts of $18.8 and $19.4, respectively
$683.6M
$945.4M
$960.8M
$958.5M
Finished goods
$169.9M
$220.1M
—
—
Work in process
$12.3M
$105.4M
—
—
Raw materials
$109.6M
$219.3M
—
—
Inventories
$291.8M
$544.8M
$536.9M
$536.7M
Prepaid expenses and other current assets
$234.0M
$288.8M
$285.1M
$272.6M
Current assets, discontinued operations
$20.8M
—
—
—
Total current assets
$1.6B
$2.6B
$3.7B
$2.5B
Property, plant and equipment, net
$269.8M
$433.1M
$439.8M
$421.9M
Other assets
$375.5M
$494.7M
$518.9M
$455.8M
Goodwill
$7.3B
$10.2B
$9.1B
$9.0B
Other intangible assets, net
$2.2B
$3.3B
$3.2B
$3.5B
Other assets, discontinued operations
$0
—
—
—
Total assets
$11.7B
$17.0B
$16.9B
$15.9B
Long-Term Debt, Current Maturities
$899.5M
$376.2M
$0
$999.7M
Trade accounts payable
$436.4M
$677.4M
$608.6M
$623.0M
Accrued expenses and other current liabilities
$910.7M
$1.2B
$1.2B
$1.1B
Current liabilities, discontinued operations
$0
—
—
—
Total current liabilities
$2.2B
$2.2B
$1.8B
$2.7B
Other long-term liabilities
$723.5M
$1.3B
$1.1B
$1.2B
Long-term debt
$2.3B
$3.3B
$3.6B
$2.3B
Long-term liabilities, discontinued operations
$0
—
—
—
Common stock: $0.01 par value, 2,000 shares authorized; 369.6 and 366.6 issued; 313.4 and 341.2 outstanding; respectively
3.7M
3.7M
3.6M
3.6M
Additional paid-in capital
$4.2B
$4.0B
$3.9B
$3.7B
Treasury shares, at cost
-3.2B
-1.6B
-715.8M
-442.9M
Retained earnings
$5.4B
$8.2B
$7.5B
$6.7B
Accumulated other comprehensive income (loss)
$41.0M
($465.4M)
($326.1M)
($325.7M)
Total Fortive stockholders’ equity
$6.5B
$10.2B
$10.3B
$9.7B
Noncontrolling interests
$7.7M
$7.0M
$6.4M
$5.2M
Total stockholders’ equity
$6.5B
$10.2B
$10.3B
$9.7B
Total liabilities and equity
$11.7B
$17.0B
$16.9B
$15.9B
Fortive Corporation balance sheet, quarters
Line item
Jul 3, 2026
Apr 3, 2026
Sep 26, 2025
Jun 27, 2025
Cash and equivalents
$374.2M
$356.1M
$430.8M
$1.8B
Accounts receivable less allowance for doubtful accounts of $18.8 and $18.8, respectively
$657.8M
$647.0M
$633.6M
$912.2M
Finished goods
$180.0M
$175.0M
$190.8M
$257.3M
Work in process
$13.3M
$13.9M
$12.2M
$117.0M
Raw materials
$117.5M
$116.6M
$107.6M
$236.1M
Inventories
$310.8M
$305.5M
$310.6M
$610.4M
Prepaid expenses and other current assets
$249.4M
$233.8M
$303.4M
$328.1M
Current assets, discontinued operations
$4.9M
$4.8M
$53.2M
—
Total current assets
$1.6B
$1.5B
$1.7B
$3.7B
Property, plant and equipment, net of accumulated depreciation of $454.7 and $430.2, respectively
$280.3M
$276.3M
$258.7M
$447.9M
Other assets
$375.8M
$378.6M
$348.6M
$509.3M
Goodwill
$7.3B
$7.3B
$7.3B
$10.4B
Other intangible assets, net
$2.0B
$2.1B
$2.3B
$3.2B
Total assets
$11.6B
$11.6B
$11.9B
$18.2B
Current portion of long-term debt
$0
$899.8M
$1.2B
$1.9B
Trade accounts payable
$427.9M
$415.9M
$427.6M
$700.5M
Accrued expenses and other current liabilities
$858.7M
$869.6M
$852.7M
$1.1B
Total current liabilities
$1.3B
$2.2B
$2.5B
$3.7B
Other long-term liabilities
$749.7M
$718.1M
$788.6M
$1.2B
Long-term debt
$3.5B
$2.6B
$2.1B
$2.9B
Common stock: $0.01 par value, 2,000 shares authorized; 371.7 and 366.6 issued; 302.6 and 313.4 outstanding, respectively
3.7M
3.7M
3.7M
3.7M
Additional paid-in capital
$4.3B
$4.2B
$4.2B
$4.1B
Treasury shares, at cost
-3.9B
-3.7B
-3.0B
-2.0B
Retained earnings
$5.7B
$5.5B
$5.3B
$8.5B
Accumulated other comprehensive income
$44.8M
$41.5M
$34.2M
($287.3M)
Total Fortive stockholders’ equity
$6.1B
$6.1B
$6.5B
$10.4B
Noncontrolling interests
$8.8M
$8.3M
$7.6M
$7.1M
Total stockholders’ equity
$6.1B
$6.1B
$6.5B
$10.4B
Total liabilities and equity
$11.6B
$11.6B
$11.9B
$18.2B
Cash flow statement
Fortive Corporation cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net earnings
$579.2M
$832.9M
—
—
Less: net earnings from discontinued operations
($46.5M)
—
—
—
Net earnings from continuing operations
$532.7M
—
$865.8M
$755.2M
Amortization
$367.5M
$453.3M
$370.4M
$382.1M
Depreciation
$70.1M
$90.6M
$86.4M
$83.5M
Stock-based compensation
$116.8M
$109.2M
$113.3M
$93.8M
Loss from equity investments
$0
$39.4M
—
—
Change in deferred income taxes
($49.9M)
($65.0M)
($104.1M)
($62.1M)
Change in accounts receivable, net
$8.7M
($4.5M)
$9.8M
($52.1M)
Change in inventories
($20.0M)
$8.8M
($1.7M)
($40.3M)
Change in trade accounts payable
$12.4M
$74.3M
($16.8M)
$81.3M
Change in prepaid expenses and other assets
($15.6M)
$8.5M
($69.0M)
$10.7M
Change in accrued expenses and other liabilities
$13.0M
$16.8M
$99.5M
$41.9M
Total operating cash provided by continuing operations
$1.0B
—
$1.4B
$1.3B
Total operating cash provided by discontinued operations
$47.5M
—
$0
$0
Net cash provided by operating activities
$1.1B
$1.5B
$1.4B
$1.3B
Purchases of property, plant and equipment
($105.1M)
($120.4M)
($107.8M)
($95.8M)
Cash paid for acquisitions, net of cash received
($25.7M)
($1.7B)
($95.8M)
($12.8M)
All other investing activities
$11.2M
($1.0M)
$800.0K
($3.5M)
Total investing cash used in continuing operations
($119.6M)
—
—
($102.5M)
Total investing cash used in discontinued operations
($15.8M)
—
—
$0
Net cash used in investing activities
($135.4M)
($1.8B)
($195.4M)
($102.5M)
Net proceeds from (repayments of) commercial paper borrowings
$900.0K
($596.5M)
$839.9M
$38.5M
Repurchase of common shares
-1.6B
-889.6M
-272.9M
-442.9M
Payment of dividends
($92.2M)
($111.2M)
($102.0M)
($99.5M)
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs
$0
$1.7B
$549.3M
$1.4B
Repayment of borrowings (maturities greater than 90 days)
($715.7M)
($1.0B)
($1.0B)
($1.0B)
Proceeds from Ralliant Dividend
$1.1B
—
—
$0
All other financing activities
$40.8M
$71.1M
$18.0M
($6.7M)
Total financing cash (used in) provided by continuing operations
($1.2B)
—
—
($1.3B)
Total financing cash used in discontinued operations
($160.3M)
—
—
$0
Net cash provided by (used in) financing activities
($1.4B)
($792.7M)
$32.3M
($1.3B)
Effect of exchange rate changes on cash and equivalents
$1.0M
($13.6M)
($10.9M)
($37.8M)
Net change in cash and equivalents
($437.8M)
($1.1B)
$1.2B
($110.1M)
Beginning balance of cash and equivalents
$813.3M
$1.9B
$709.2M
$819.3M
Ending balance of cash and equivalents
$375.5M
$813.3M
$1.9B
$709.2M
Fortive Corporation cash flow statement, quarters
Line item
Jul 3, 2026 · YTD
Apr 3, 2026 · Q2
Sep 26, 2025 · YTD
Jun 27, 2025 · YTD
Net earnings
$293.7M
$136.4M
$393.5M
$338.5M
Less: net earnings from discontinued operations
$0
$0
($52.3M)
—
Net earnings from continuing operations
$293.7M
$136.4M
$341.2M
—
Amortization
$184.7M
$93.2M
$274.3M
$225.0M
Depreciation
$42.4M
$20.4M
$52.0M
$47.7M
Stock-based compensation
$45.2M
$21.3M
$96.9M
$54.9M
Change in accounts receivable, net
$26.0M
$34.8M
$56.2M
$75.5M
Change in inventories
($20.0M)
($14.8M)
($40.2M)
($57.7M)
Change in trade accounts payable
($7.4M)
($19.8M)
($4.1M)
$13.8M
Change in prepaid expenses and other assets
($2.5M)
($4.4M)
($28.0M)
($40.3M)
Change in accrued expenses and other liabilities
($43.0M)
($46.7M)
($56.8M)
($104.5M)
Total operating cash provided by continuing operations
$519.1M
$220.4M
$691.5M
—
Total operating cash provided by discontinued operations
$1.9M
$14.4M
$25.8M
—
Net cash provided by operating activities
$521.0M
$234.8M
$717.3M
$552.9M
Purchases of property, plant and equipment
($54.7M)
($26.6M)
($74.7M)
($63.4M)
Cash paid for acquisitions, net of cash received
($58.1M)
—
$0
$0
All other investing activities
$4.7M
($100.0K)
$10.8M
$10.9M
Total investing cash used in continuing operations
($108.1M)
($26.7M)
($63.5M)
—
Total investing cash used in discontinued operations
$0
$0
($15.7M)
—
Net cash used in investing activities
($108.1M)
($26.7M)
($79.2M)
($50.8M)
Net proceeds from commercial paper borrowings
$433.6M
$591.7M
$105.8M
($253.2M)
Repurchase of common shares
-700.3M
-500.2M
-1.3B
-344.5M
Payment of dividends
($18.4M)
($18.4M)
($73.4M)
($54.2M)
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs
$1.1B
—
$0
$1.1B
Repayment of borrowings (maturities greater than 90 days)
($1.2B)
($292.9M)
($715.7M)
$0
Proceeds from Ralliant Dividend
$0
—
$1.1B
—
All other financing activities
($10.7M)
($8.7M)
$15.6M
$14.4M
Total financing cash (used in) provided by continuing operations
($400.2M)
($228.5M)
($862.8M)
—
Total financing cash used in discontinued operations
$0
$0
($160.3M)
—
Net cash (used in) provided by financing activities
($400.2M)
($228.5M)
($1.0B)
$509.3M
Effect of exchange rate changes on cash and equivalents
$4.1M
$1.0M
$2.5M
$8.0M
Net change in cash, cash equivalents, and restricted cash
$16.8M
($19.4M)
($382.5M)
$1.0B
Beginning balance of cash, cash equivalents, and restricted cash
$375.5M
$375.5M
$813.3M
$813.3M
Ending balance of cash, cash equivalents, and restricted cash