FTV
Fortive Corp
NYSE: FTV · TECHNOLOGY · SCIENTIFIC & TECHNICAL INSTRUMENTS
$61.75
-0.03% today
Updated 2026-04-29
Market cap
$19.01B
P/E ratio
38.84
P/S ratio
4.57x
EPS (TTM)
$1.59
Dividend yield
0.45%
52W range
$46 – $62
Volume
3.1M
Fortive Corp (FTV) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.79B | $5.96B | $6.34B | $6.18B | $6.22B | $5.76B | $6.45B | $4.56B | $4.63B | $5.25B | $5.83B | $6.07B | $6.23B | $5.14B |
| Revenue growth (YoY) | — | +3.1% | +6.3% | -2.5% | +0.7% | -7.5% | +12.1% | -29.3% | +1.5% | +13.4% | +10.9% | +4.1% | +2.7% | -17.5% |
| Cost of revenue | $3.00B | $3.09B | $3.28B | $3.18B | $3.18B | $2.83B | $3.13B | $2.07B | $2.02B | $2.24B | $2.46B | $2.47B | $2.50B | $2.01B |
| Gross profit | $2.78B | $2.87B | $3.06B | $3.00B | $3.04B | $2.92B | $3.32B | $2.50B | $2.62B | $3.01B | $3.36B | $3.59B | $3.73B | $3.13B |
| Gross margin | 48.1% | 48.2% | 48.2% | 48.6% | 48.9% | 50.8% | 51.5% | 54.7% | 56.5% | 57.3% | 57.7% | 59.3% | 59.9% | 61.0% |
| R&D | $352.70M | $378.30M | $387.60M | $377.70M | $384.80M | $369.30M | $414.30M | $320.30M | $320.70M | $354.80M | $401.50M | $397.80M | $414.00M | $342.30M |
| SG&A | — | $1.70B | $1.78B | $1.35B | $1.40B | $1.54B | $1.73B | $2.22B | $1.75B | $1.84B | $1.96B | $2.02B | $2.17B | $1.66B |
| Operating income | $1.17B | $1.17B | $1.27B | $1.29B | $1.27B | $1.16B | $1.19B | $529.30M | $650.20M | $831.50M | $1.01B | $1.13B | $1.18B | $908.90M |
| Operating margin | 20.2% | 19.6% | 20.1% | 20.9% | 20.4% | 20.2% | 18.4% | 11.6% | 14.0% | 15.8% | 17.3% | 18.7% | 18.9% | 17.7% |
| EBITDA | $1.27B | $1.30B | $1.46B | $1.45B | $1.42B | $1.32B | $1.44B | $820.80M | $2.04B | $1.18B | $1.44B | $1.13B | $1.67B | $1.20B |
| EBITDA margin | 22.0% | 21.9% | 23.0% | 23.4% | 22.9% | 22.9% | 22.3% | 18.0% | 44.0% | 22.4% | 24.7% | 18.7% | 26.7% | 23.3% |
| EBIT | $1.13B | $1.14B | $1.28B | $1.27B | $1.25B | $1.16B | $1.18B | $479.30M | $1.66B | $780.70M | $971.80M | $1.13B | $1.12B | $874.40M |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $49.00M | $88.70M | $97.00M | $142.60M | $148.50M | $103.20M | $98.30M | $123.50M | $152.80M | $120.50M |
| Income tax | $364.10M | $312.30M | $395.80M | $405.90M | $324.70M | $189.30M | $160.10M | $68.60M | $55.50M | $63.30M | $118.30M | $125.00M | $136.70M | $112.70M |
| Effective tax rate | 32.3% | 27.3% | 30.9% | 32.0% | 27.1% | 15.3% | 5.2% | 8.5% | 3.3% | 9.4% | 13.5% | 12.6% | 14.1% | 16.3% |
| Net income | $763.70M | $830.90M | $883.40M | $863.80M | $872.30M | $1.04B | $2.91B | $738.90M | $1.61B | $608.40M | $755.20M | $865.80M | $832.90M | $579.20M |
| Net income growth (YoY) | — | +8.8% | +6.3% | -2.2% | +1.0% | +19.7% | +179.0% | -74.6% | +118.3% | -62.3% | +24.1% | +14.6% | -3.8% | -30.5% |
| Profit margin | 13.2% | 13.9% | 13.9% | 14.0% | 14.0% | 18.1% | 45.2% | 16.2% | 34.8% | 11.6% | 13.0% | 14.3% | 13.4% | 11.3% |