Fortive (FTV) Financials

$70.17 -0.90 (-1.27%)

Closing price 03:59 PM Eastern

Extended Trading

$70.18 +0.01 (+0.02%)

As of 06:01 PM Eastern

Annual Income Statements for Fortive

This table shows Fortive's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	833	866	755	574	1,544	670	2,879	1,045	872	864
Consolidated Net Income / (Loss)	833	866	755	608	1,613	739	2,914	1,045	872	864
Net Income / (Loss) Continuing Operations	833	866	755	614	1,452	268	490	884	740	864
Total Pre-Tax Income	970	991	874	678	1,508	337	566	1,074	1,011	1,270
Total Operating Income	1,207	1,134	987	813	539	444	645	1,143	1,062	1,270
Total Gross Profit	3,731	3,594	3,363	3,007	2,609	2,483	2,186	2,921	2,686	3,000
Total Revenue	6,232	6,065	5,826	5,255	4,634	4,564	3,800	5,756	5,378	6,179
Operating Revenue	6,232	6,065	5,826	5,255	4,634	4,564	3,800	5,756	5,378	6,179
Total Cost of Revenue	2,501	2,471	2,462	2,248	2,026	2,081	1,614	2,835	2,693	3,179
Operating Cost of Revenue	2,501	2,471	2,462	2,248	2,026	2,081	1,614	2,835	2,693	3,179
Total Operating Expenses	2,524	2,460	2,376	2,194	2,069	2,039	1,541	1,778	1,624	1,730
Selling, General & Admin Expense	2,174	2,063	1,957	1,840	1,748	1,719	1,263	1,409	1,273	1,353
Research & Development Expense	414	398	402	355	321	320	278	369	351	378
Restructuring Charge	0.00	-	-	-	0.00	-	-	-	-	-
Other Special Charges / (Income)	-63	0.00	0.00	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-237	-143	-114	-135	968	-107	-80	-69	-51	0.00
Interest Expense	153	124	98	208	149	143	77	89	46	-
Other Income / (Expense), net	-84	-19	-16	16	-2.40	-5.40	-2.30	4.00	-4.80	0.00
Income Tax Expense	137	125	118	63	56	69	76	189	270	406
Basic Earnings per Share	$2.39	$2.46	$2.12	$1.64	$4.58	$1.99	$8.33	$3.01	$2.52	$2.50
Weighted Average Basic Shares Outstanding	349.20M	352.50M	356.40M	349M	337.40M	335.80M	345.50M	347.50M	345.70M	345.20M
Diluted Earnings per Share	$2.36	$2.43	$2.10	$1.63	$4.49	$1.97	$8.21	$2.96	$2.51	$2.50
Weighted Average Diluted Shares Outstanding	352.80M	355.60M	360.80M	352.30M	359M	340M	350.70M	352.60M	347.30M	345.20M
Weighted Average Basic & Diluted Shares Outstanding	340.29M	351.38M	353.20M	359.07M	338.07M	336.42M	334.63M	347M	346.20M	345.20M

This table shows Fortive's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	172	209	222	195	207	265	218	209	174	227	190
Consolidated Net Income / (Loss)	172	209	222	195	207	265	218	209	174	227	190
Net Income / (Loss) Continuing Operations	172	209	222	195	207	265	218	209	174	227	190
Total Pre-Tax Income	201	275	232	229	234	278	257	250	206	257	218
Total Operating Income	234	307	296	302	302	311	291	291	240	291	252
Total Gross Profit	881	977	921	928	904	948	893	905	848	893	845
Total Revenue	1,474	1,620	1,535	1,552	1,525	1,584	1,495	1,526	1,461	1,530	1,456
Operating Revenue	1,474	1,620	1,535	1,552	1,525	1,584	1,495	1,526	1,461	1,530	1,456
Total Cost of Revenue	593	643	613	624	620	636	602	621	613	637	611
Operating Cost of Revenue	593	643	613	624	620	636	602	621	613	637	611
Total Operating Expenses	647	670	626	627	602	637	602	614	608	602	594
Selling, General & Admin Expense	542	563	524	525	561	537	504	514	508	500	491
Research & Development Expense	105	107	102	101	104	99	98	100	100	101	101
Other Special Charges / (Income)	0.00	-	0.00	0.00	-63	-	0.00	0.00	0.00	-	-
Total Other Income / (Expense), net	-32	-32	-63	-73	-68	-33	-34	-41	-35	-34	-34
Interest Expense	32	33	37	39	44	29	30	33	32	32	26
Other Income / (Expense), net	-0.20	0.70	-26	-34	-24	-4.90	-4.20	-7.80	-2.50	-1.80	-8.00
Income Tax Expense	30	66	11	34	27	12	39	41	32	30	28
Basic Earnings per Share	$0.50	$0.61	$0.63	$0.56	$0.59	$0.76	$0.62	$0.59	$0.49	$0.64	$0.53
Weighted Average Basic Shares Outstanding	341.10M	349.20M	349.20M	351.30M	351.70M	352.50M	352.10M	353M	353.60M	356.40M	355.20M
Diluted Earnings per Share	$0.50	$0.60	$0.63	$0.55	$0.58	$0.74	$0.61	$0.59	$0.49	$0.64	$0.53
Weighted Average Diluted Shares Outstanding	344.60M	352.80M	352.30M	354.80M	356M	355.60M	356.10M	355.50M	356.50M	360.80M	357.90M
Weighted Average Basic & Diluted Shares Outstanding	339.88M	340.29M	346.95M	350.34M	352.03M	351.38M	351.43M	352.02M	353.55M	353.20M	353.81M

This table details how cash moves in and out of Fortive's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-1,076	1,180	-110	-1,006	620	27	216	159	803	0.00
Net Cash From Operating Activities	1,527	1,354	1,303	961	1,437	1,271	1,344	1,176	1,137	1,009
Net Cash From Continuing Operating Activities	1,527	1,354	1,303	993	978	702	684	1,020	982	1,009
Net Income / (Loss) Continuing Operations	833	866	755	614	1,452	268	490	884	740	864
Consolidated Net Income / (Loss)	833	866	755	614	-	268	490	884	-	864
Depreciation Expense	91	86	84	75	74	81	70	93	76	88
Amortization Expense	453	370	382	321	310	261	105	65	85	89
Non-Cash Adjustments To Reconcile Net Income	111	131	120	95	-1,062	12	41	23	46	47
Changes in Operating Assets and Liabilities, net	39	-100	-38	-112	203	81	-22	-46	36	-79
Net Cash From Investing Activities	-1,796	-195	-103	-2,616	-148	-4,055	-1,967	-1,670	-311	-174
Net Cash From Continuing Investing Activities	-1,796	-195	-103	-2,616	-111	-4,014	-2,846	-1,645	-291	-174
Purchase of Property, Plant & Equipment	-120	-108	-96	-50	-76	-75	-70	-111	-110	-120
Acquisitions	-1,722	-96	-13	-2,570	-40	-3,940	-2,779	-1,557	-190	-37
Sale of Property, Plant & Equipment	61	7.40	0.00	4.50	5.30	0.00	0.00	-	-	-
Divestitures	-14	0.00	9.60	0.00	-	-	-	22	9.00	2.30
Other Investing Activities, net	-1.00	0.80	-3.50	0.00	0.00	-	2.20	1.50	0.00	-19
Net Cash From Financing Activities	-793	32	-1,273	652	-696	2,803	879	600	3.80	-835
Net Cash From Continuing Financing Activities	-793	32	-1,273	652	-676	2,813	873	598	2.40	-835
Repayment of Debt	-1,597	-982	-2,163	-581	-1,710	40	-2,116	0.00	0.30	0.00
Repurchase of Common Equity	-890	-273	-443	0.00	0.00	-	-	-	-	-
Payment of Dividends	-111	-102	-100	-132	-163	-163	-132	-97	-3,048	0.00
Issuance of Debt	1,805	1,389	1,433	1,365	-400	2,936	1,783	696	3,352	0.00
Effect of Exchange Rate Changes	-14	-11	-	-	27	7.10	-	-	-27	0.00

This table details how cash moves in and out of Fortive's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	79	2.00	167	-61	-1,184	1,175	1.30	40	-36	3.90	22
Net Cash From Operating Activities	242	502	459	309	257	447	411	321	174	464	330
Net Cash From Continuing Operating Activities	242	502	459	309	257	447	411	321	174	464	330
Net Income / (Loss) Continuing Operations	172	209	222	195	207	265	218	209	174	227	190
Consolidated Net Income / (Loss)	172	209	222	195	207	265	218	209	174	227	190
Depreciation Expense	23	22	23	23	23	23	22	22	20	22	20
Amortization Expense	112	113	113	113	114	93	93	92	92	95	95
Non-Cash Adjustments To Reconcile Net Income	28	28	67	50	-34	33	42	29	27	43	23
Changes in Operating Assets and Liabilities, net	-93	130	34	-73	-53	33	36	-31	-139	77	2.00
Net Cash From Investing Activities	-26	3.80	-18	-45	-1,737	-71	-83	-16	-25	-34	-30
Net Cash From Continuing Investing Activities	-26	3.80	-18	-45	-1,737	-71	-83	-16	-25	-34	-30
Purchase of Property, Plant & Equipment	-27	-37	-28	-29	-26	-34	-28	-21	-25	-36	-23
Acquisitions	0.00	-	-	-	-1,722	-38	-58	-	0.00	2.40	-14
Sale of Property, Plant & Equipment	1.70	40	10	-	11	0.20	2.30	4.90	0.00	-	-
Other Investing Activities, net	-1.20	0.60	-	-	-	0.80	-	-	-	-	-
Net Cash From Financing Activities	-141	-496	-282	-322	307	799	-325	-254	-187	-435	-256
Net Cash From Continuing Financing Activities	-141	-496	-282	-322	307	799	-325	-254	-187	-435	-256
Repayment of Debt	8.10	-644	16	6.50	-975	-750	-238	8.70	-3.10	-998	2.60
Repurchase of Common Equity	-203	-467	-270	-	-	-65	-79	-	-	-67	-133
Payment of Dividends	-27	-27	-28	-28	-28	-28	-25	-25	-25	-25	-25
Issuance of Debt	81	642	0.30	-148	1,310	1,642	16	-109	-159	654	-100
Effect of Exchange Rate Changes	4.30	-8.00	7.40	-2.60	-10	0.50	-1.90	-	-	-	-22

This table presents Fortive's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	17,016	16,912	15,891	16,466	16,052	17,439	12,906	10,501	8,190	7,211
Total Current Assets	2,592	3,672	2,477	2,515	4,447	3,689	3,171	2,937	2,489	1,594
Cash & Equivalents	813	1,889	709	819	1,825	1,205	1,178	962	803	0.00
Accounts Receivable	945	961	959	930	810	891	1,195	1,021	945	979
Inventories, net	545	537	537	513	456	416	575	507	545	523
Prepaid Expenses	289	285	273	253	207	339	193	244	196	92
Plant, Property, & Equipment, net	433	440	422	396	422	416	576	610	548	515
Total Noncurrent Assets	13,991	12,800	12,992	13,555	11,183	13,334	9,158	6,953	5,154	5,102
Goodwill	10,156	9,122	9,049	9,152	7,359	7,242	6,133	4,560	3,979	3,949
Intangible Assets	3,340	3,160	3,487	3,890	3,291	3,571	2,476	1,256	747	759
Other Noncurrent Operating Assets	495	519	456	513	533	514	549	470	427	394
Total Liabilities & Shareholders' Equity	17,016	16,912	15,891	16,466	16,052	17,439	12,906	10,501	8,190	7,211
Total Liabilities	6,821	6,587	6,202	6,949	7,079	10,039	6,293	6,692	5,499	2,028
Total Current Liabilities	2,238	1,791	2,727	3,715	2,861	3,467	2,192	1,602	1,467	1,324
Short-Term Debt	376	0.00	1,000	2,152	1,400	1,500	456	0.00	-	-
Accounts Payable	677	609	623	558	481	449	707	629	666	657
Accrued Expenses	1,185	1,183	1,104	1,005	900	798	999	815	800	666
Total Noncurrent Liabilities	4,582	4,795	3,475	3,234	4,218	6,572	4,101	5,090	4,032	705
Long-Term Debt	3,331	3,646	2,252	1,807	2,830	4,826	2,975	4,056	3,358	0.00
Other Noncurrent Operating Liabilities	1,251	1,149	1,223	1,426	1,388	1,473	1,126	970	674	705
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Total Equity & Noncontrolling Interests	10,196	10,325	9,689	9,517	8,973	7,400	6,613	3,808	2,691	5,183
Total Preferred & Common Equity	10,189	10,319	9,683	9,512	8,964	7,387	6,596	3,790	2,688	5,180
Total Common Equity	10,189	10,319	9,683	9,512	8,964	7,387	6,596	3,790	2,688	5,180
Common Stock	4,039	3,855	3,710	3,674	3,558	3,315	3,129	2,448	2,431	0.00
Retained Earnings	8,228	7,506	6,742	6,024	5,547	4,129	3,553	1,350	403	0.00
Treasury Stock	-1,612	-716	-443	0.00	-	-	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-465	-326	-326	-185	-141	-56	-87	-7.60	-146	-14
Noncontrolling Interest	7.00	6.40	5.20	4.80	8.50	13	17	18	3.10	3.00

This table presents Fortive's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	17,137	17,016	17,454	17,285	17,520	16,912	15,664	15,731	15,805	15,891	15,893
Total Current Assets	2,704	2,592	2,635	2,520	2,614	3,672	2,469	2,475	2,455	2,477	2,448
Cash & Equivalents	892	813	811	644	705	1,889	714	713	673	709	705
Accounts Receivable	929	945	912	935	963	961	925	935	941	959	901
Inventories, net	568	545	564	572	581	537	553	561	570	537	561
Prepaid Expenses	315	289	348	369	366	285	277	265	272	273	281
Plant, Property, & Equipment, net	434	433	425	418	423	440	431	426	426	422	405
Total Noncurrent Assets	13,999	13,991	14,393	14,348	14,484	12,800	12,764	12,830	12,924	12,992	13,040
Goodwill	10,245	10,156	10,322	10,217	10,235	9,122	9,059	9,052	9,057	9,049	8,978
Intangible Assets	3,259	3,340	3,510	3,591	3,713	3,160	3,226	3,304	3,397	3,487	3,568
Other Noncurrent Operating Assets	496	495	561	540	536	519	479	474	470	456	494
Total Liabilities & Shareholders' Equity	17,137	17,016	17,454	17,285	17,520	16,912	15,664	15,731	15,805	15,891	15,893
Total Liabilities	6,894	6,821	6,892	6,779	7,037	6,587	5,581	5,759	5,929	6,202	6,497
Total Current Liabilities	2,726	2,238	2,101	2,046	1,739	1,791	2,420	2,585	2,630	2,727	2,592
Short-Term Debt	934	376	408	384	-	0.00	750	1,000	1,000	1,000	1,000
Accounts Payable	669	677	624	636	667	609	575	586	593	623	573
Accrued Expenses	1,123	1,185	1,069	1,026	1,072	1,183	1,095	1,000	1,037	1,104	1,020
Total Noncurrent Liabilities	4,168	4,582	4,791	4,733	5,298	4,795	3,161	3,174	3,299	3,475	3,905
Long-Term Debt	2,929	3,331	3,452	3,396	3,942	3,646	1,982	1,978	2,095	2,252	2,559
Other Noncurrent Operating Liabilities	1,239	1,251	1,340	1,337	1,357	1,149	1,179	1,196	1,204	1,223	1,346
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	10,243	10,196	10,562	10,506	10,483	10,325	10,084	9,972	9,876	9,689	9,396
Total Preferred & Common Equity	10,236	10,189	10,555	10,499	10,477	10,319	10,078	9,966	9,870	9,683	9,391
Total Common Equity	10,236	10,189	10,555	10,499	10,477	10,319	10,078	9,966	9,870	9,683	9,391
Common Stock	4,075	4,039	3,986	3,941	3,910	3,855	3,826	3,782	3,734	3,710	3,681
Retained Earnings	8,372	8,228	8,046	7,852	7,685	7,506	7,269	7,075	6,891	6,742	6,540
Treasury Stock	-1,816	-1,612	-1,143	-870	-716	-716	-651	-572	-443	-443	-376
Accumulated Other Comprehensive Income / (Loss)	-395	-465	-334	-424	-403	-326	-366	-320	-312	-326	-454
Noncontrolling Interest	6.90	7.00	6.60	6.50	6.40	6.40	5.80	6.00	5.80	5.20	4.90

This table displays calculated financial ratios and metrics derived from Fortive's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.75%	4.11%	10.87%	13.38%	1.54%	20.09%	-33.98%	7.03%	-12.96%	-2.50%
EBITDA Growth	6.06%	9.30%	17.43%	32.91%	18.08%	-4.55%	-37.39%	7.19%	-15.82%	-0.73%
EBIT Growth	0.73%	14.66%	17.28%	54.30%	22.46%	-31.80%	-43.94%	8.52%	-16.76%	-0.74%
NOPAT Growth	4.62%	16.05%	15.85%	41.83%	46.99%	-36.78%	-40.62%	21.06%	-9.97%	0.44%
Net Income Growth	-3.80%	14.65%	24.13%	-62.29%	118.34%	-74.64%	178.97%	19.74%	0.98%	-2.22%
EPS Growth	-2.88%	15.71%	28.83%	-63.70%	127.92%	-74.64%	178.97%	17.93%	0.40%	-2.34%
Operating Cash Flow Growth	12.80%	3.87%	35.59%	-33.10%	13.00%	-5.43%	14.28%	3.47%	12.68%	6.58%
Free Cash Flow Firm Growth	-97.40%	-11.02%	177.18%	-287.67%	162.81%	31.48%	-2,999.37%	-109.27%	116.54%	0.00%
Invested Capital Growth	8.33%	-1.21%	-3.37%	23.34%	-3.43%	19.85%	41.77%	19.21%	1.22%	0.00%
Revenue Q/Q Growth	0.59%	0.90%	2.74%	0.96%	81.33%	3.19%	-32.16%	2.23%	0.00%	0.00%
EBITDA Q/Q Growth	1.27%	1.03%	7.54%	2.70%	123.60%	0.03%	-33.61%	0.76%	0.00%	0.00%
EBIT Q/Q Growth	0.16%	1.54%	9.98%	2.37%	520.81%	-6.50%	-36.58%	-0.68%	0.00%	0.00%
NOPAT Q/Q Growth	-6.37%	4.27%	8.21%	-3.60%	719.21%	-18.98%	-40.16%	9.50%	0.00%	0.00%
Net Income Q/Q Growth	-6.34%	4.59%	8.98%	-63.33%	173.21%	-72.21%	155.96%	12.06%	0.00%	0.00%
EPS Q/Q Growth	-5.60%	3.40%	7.69%	-63.62%	191.56%	-72.21%	155.96%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	3.77%	-1.27%	17.03%	-1.04%	-11.72%	2.47%	-1.36%	14.16%	-5.83%	0.00%
Free Cash Flow Firm Q/Q Growth	107.37%	3.71%	833.45%	-220.70%	210.32%	28.73%	18.95%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-3.82%	-0.16%	-0.15%	12.15%	-13.73%	-12.30%	-8.66%	0.23%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.87%	59.26%	57.73%	57.23%	56.29%	54.41%	57.53%	50.75%	49.93%	48.55%
EBITDA Margin	26.74%	25.90%	24.67%	23.30%	19.87%	17.09%	21.50%	22.68%	22.64%	23.41%
Operating Margin	19.36%	18.69%	16.95%	15.47%	11.64%	9.73%	16.98%	19.86%	19.74%	20.55%
EBIT Margin	18.01%	18.37%	16.68%	15.77%	11.59%	9.61%	16.92%	19.93%	19.65%	20.55%
Profit (Net Income) Margin	13.37%	14.27%	12.96%	11.58%	34.81%	16.19%	76.67%	18.15%	16.22%	13.98%
Tax Burden Percent	85.90%	87.38%	86.46%	89.80%	107.00%	219.45%	514.99%	97.29%	86.32%	68.03%
Interest Burden Percent	86.39%	88.92%	89.88%	81.76%	280.76%	76.78%	87.99%	93.60%	95.61%	100.00%
Effective Tax Rate	14.10%	12.62%	13.54%	9.34%	3.68%	20.37%	13.36%	17.63%	26.75%	31.97%
Return on Invested Capital (ROIC)	8.24%	8.15%	6.86%	6.43%	4.97%	3.63%	7.40%	16.37%	14.92%	33.34%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.52%	2.34%	3.39%	0.63%	53.43%	17.70%	107.64%	20.50%	22.32%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.12%	0.50%	1.00%	0.15%	14.73%	6.92%	48.53%	15.77%	7.24%	0.00%
Return on Equity (ROE)	8.12%	8.65%	7.86%	6.58%	19.71%	10.55%	55.92%	32.14%	22.16%	0.00%
Cash Return on Invested Capital (CROIC)	0.24%	9.37%	10.28%	-14.47%	8.46%	-14.43%	-27.16%	-1.15%	13.70%	-166.66%
Operating Return on Assets (OROA)	6.62%	6.79%	6.01%	5.10%	3.21%	2.89%	5.49%	12.27%	13.73%	17.61%
Return on Assets (ROA)	4.91%	5.28%	4.67%	3.74%	9.63%	4.87%	24.90%	11.18%	11.33%	11.98%
Return on Common Equity (ROCE)	8.11%	8.65%	7.86%	6.58%	19.68%	10.52%	55.73%	32.04%	22.14%	0.00%
Return on Equity Simple (ROE_SIMPLE)	8.17%	8.39%	7.80%	6.40%	18.00%	10.00%	44.18%	27.56%	32.45%	16.68%
Net Operating Profit after Tax (NOPAT)	1,036	991	854	737	520	353	559	941	778	864
NOPAT Margin	16.63%	16.33%	14.65%	14.02%	11.21%	7.74%	14.71%	16.36%	14.46%	13.98%
Net Nonoperating Expense Percent (NNEP)	8.75%	5.81%	3.47%	5.80%	-48.46%	-14.07%	-100.25%	-4.12%	-7.41%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	7.46%	7.09%	6.60%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	40.13%	40.74%	42.27%	42.77%	43.71%	45.59%	42.47%	49.25%	50.07%	51.45%
SG&A Expenses to Revenue	34.88%	34.01%	33.59%	35.01%	37.73%	37.67%	33.23%	24.48%	23.67%	21.89%
R&D to Revenue	6.64%	6.56%	6.89%	6.75%	6.92%	7.02%	7.32%	6.42%	6.53%	6.11%
Operating Expenses to Revenue	40.51%	40.57%	40.78%	41.76%	44.65%	44.68%	40.55%	30.90%	30.19%	28.00%
Earnings before Interest and Taxes (EBIT)	1,122	1,114	972	829	537	439	643	1,147	1,057	1,270
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,666	1,571	1,437	1,224	921	780	817	1,305	1,218	1,447
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.55	2.50	2.33	2.85	2.63	3.41	3.35	6.46	6.69	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.18	4.25	3.87	5.15	5.08	5.52	5.81	4.26	3.34	0.00
Price to Earnings (P/E)	31.24	29.76	29.85	47.16	15.24	37.59	7.68	23.46	20.62	0.00
Dividend Yield	0.43%	0.40%	0.44%	0.37%	0.35%	0.37%	0.42%	0.40%	0.27%	0.00%
Earnings Yield	3.20%	3.36%	3.35%	2.12%	6.56%	2.66%	13.03%	4.26%	4.85%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.21	2.28	2.05	2.39	2.42	2.85	2.75	4.42	3.92	0.00
Enterprise Value to Revenue (EV/Rev)	4.64	4.54	4.31	5.75	5.36	6.64	6.41	4.80	3.82	0.00
Enterprise Value to EBITDA (EV/EBITDA)	17.36	17.52	17.46	24.68	26.96	38.86	29.82	21.15	16.87	0.00
Enterprise Value to EBIT (EV/EBIT)	25.77	24.71	25.82	36.46	46.24	69.13	37.89	24.07	19.44	0.00
Enterprise Value to NOPAT (EV/NOPAT)	27.90	27.79	29.39	41.00	47.79	85.76	43.58	29.33	26.42	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.94	20.34	19.25	31.43	17.28	23.84	18.12	23.47	18.07	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	977.55	24.18	19.61	0.00	28.10	0.00	0.00	0.00	28.76	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.35	0.34	0.42	0.47	0.85	0.52	1.07	1.25	0.00
Long-Term Debt to Equity	0.33	0.35	0.23	0.19	0.32	0.65	0.45	1.07	1.25	0.00
Financial Leverage	0.23	0.21	0.30	0.24	0.28	0.39	0.45	0.77	0.32	0.00
Leverage Ratio	1.65	1.64	1.68	1.76	2.05	2.17	2.25	2.88	1.96	1.39
Compound Leverage Factor	1.43	1.46	1.51	1.44	5.74	1.66	1.98	2.69	1.87	1.39
Debt to Total Capital	26.67%	26.10%	25.13%	29.38%	32.04%	46.09%	34.16%	51.58%	55.51%	0.00%
Short-Term Debt to Total Capital	2.71%	0.00%	7.73%	15.97%	10.60%	10.93%	4.54%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	23.96%	26.10%	17.40%	13.41%	21.44%	35.16%	29.62%	51.58%	55.51%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.05%	0.05%	0.04%	0.04%	0.06%	0.10%	0.17%	0.23%	0.05%	0.06%
Common Equity to Total Capital	73.28%	73.86%	74.83%	70.59%	67.90%	53.82%	65.67%	48.20%	44.44%	99.94%
Debt to EBITDA	2.22	2.32	2.26	3.23	4.59	8.11	4.20	3.11	2.76	0.00
Net Debt to EBITDA	1.74	1.12	1.77	2.56	1.40	6.57	2.76	2.37	2.10	0.00
Long-Term Debt to EBITDA	2.00	2.32	1.57	1.48	3.07	6.19	3.64	3.11	2.76	0.00
Debt to NOPAT	3.58	3.68	3.81	5.37	8.14	17.90	6.14	4.31	4.32	0.00
Net Debt to NOPAT	2.79	1.77	2.98	4.26	2.48	14.49	4.03	3.29	3.29	0.00
Long-Term Debt to NOPAT	3.21	3.68	2.64	2.45	5.45	13.65	5.32	4.31	4.32	0.00
Altman Z-Score	3.57	3.68	3.32	3.25	3.00	2.20	3.04	3.44	3.26	0.00
Noncontrolling Interest Sharing Ratio	0.07%	0.06%	0.05%	0.07%	0.13%	0.22%	0.34%	0.32%	0.08%	0.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.16	2.05	0.91	0.68	1.55	1.06	1.45	1.83	1.70	1.20
Quick Ratio	0.79	1.59	0.61	0.47	1.31	0.60	1.08	1.24	1.19	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	30	1,139	1,280	-1,658	884	-1,407	-2,053	-66	714	-4,319
Operating Cash Flow to CapEx	2,579.05%	1,348.21%	1,360.33%	2,112.31%	2,040.77%	1,706.58%	1,923.32%	1,058.87%	1,032.61%	840.13%
Free Cash Flow to Firm to Interest Expense	0.19	9.22	13.02	-7.97	5.95	-9.86	-26.59	-0.75	15.40	0.00
Operating Cash Flow to Interest Expense	9.99	10.96	13.26	4.62	9.67	8.92	17.41	13.26	24.50	0.00
Operating Cash Flow Less CapEx to Interest Expense	9.60	10.15	12.28	4.40	9.20	8.39	16.51	12.01	22.13	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.37	0.36	0.32	0.28	0.30	0.32	0.62	0.70	0.86
Accounts Receivable Turnover	6.54	6.32	6.17	6.04	5.45	4.38	3.43	5.86	5.59	6.31
Inventory Turnover	4.62	4.60	4.69	4.64	4.65	4.20	2.99	5.39	5.04	6.08
Fixed Asset Turnover	14.28	14.08	14.25	12.86	11.06	9.20	6.41	9.94	10.12	12.00
Accounts Payable Turnover	3.89	4.01	4.17	4.33	4.36	3.60	2.42	4.38	4.07	4.84
Days Sales Outstanding (DSO)	55.82	57.75	59.17	60.45	66.98	83.41	106.40	62.33	65.31	57.85
Days Inventory Outstanding (DIO)	78.94	79.29	77.78	78.62	78.53	86.90	122.24	67.68	72.35	60.04
Days Payable Outstanding (DPO)	93.85	90.95	87.53	84.34	83.76	101.35	150.99	83.39	89.69	75.45
Cash Conversion Cycle (CCC)	40.91	46.08	49.42	54.72	61.75	68.95	77.65	46.63	47.97	42.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,090	12,083	12,231	12,657	10,262	10,626	8,866	6,254	5,246	5,183
Invested Capital Turnover	0.50	0.50	0.47	0.46	0.44	0.47	0.50	1.00	1.03	2.38
Increase / (Decrease) in Invested Capital	1,007	-148	-426	2,395	-364	1,760	2,612	1,008	63	5,183
Enterprise Value (EV)	28,922	27,533	25,090	30,209	24,829	30,313	24,366	27,613	20,546	0.00
Market Capitalization	26,021	25,769	22,543	27,064	23,535	25,179	22,096	24,501	17,988	0.00
Book Value per Share	$29.37	$29.36	$27.37	$26.53	$26.58	$22.00	$19.75	$10.91	$7.77	$15.00
Tangible Book Value per Share	($9.53)	($5.58)	($8.06)	($9.84)	($5.00)	($10.20)	($6.03)	($5.83)	($5.90)	$1.37
Total Capital	13,903	13,972	12,940	13,476	13,203	13,726	10,043	7,864	6,049	5,183
Total Debt	3,707	3,646	3,251	3,959	4,230	6,326	3,430	4,056	3,358	0.00
Total Long-Term Debt	3,331	3,646	2,252	1,807	2,830	4,826	2,975	4,056	3,358	0.00
Net Debt	2,894	1,757	2,542	3,140	1,286	5,121	2,252	3,094	2,555	0.00
Capital Expenditures (CapEx)	59	100	96	46	70	75	70	111	110	120
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-83	-8.50	40	132	42	516	256	372	219	271
Debt-free Net Working Capital (DFNWC)	730	1,880	750	952	2,986	1,722	1,435	1,335	1,022	271
Net Working Capital (NWC)	354	1,880	-250	-1,200	1,586	222	979	1,335	1,022	271
Net Nonoperating Expense (NNE)	204	125	98	128	-1,094	-385	-2,355	-103	-95	0.00
Net Nonoperating Obligations (NNO)	2,894	1,757	2,542	3,140	1,289	3,226	2,253	2,445	2,555	0.00
Total Depreciation and Amortization (D&A)	544	457	466	396	384	342	174	158	161	177
Debt-free, Cash-free Net Working Capital to Revenue	-1.34%	-0.14%	0.69%	2.52%	0.90%	11.31%	6.74%	6.47%	4.07%	4.38%
Debt-free Net Working Capital to Revenue	11.72%	31.00%	12.87%	18.11%	64.43%	37.72%	37.75%	23.18%	19.01%	4.38%
Net Working Capital to Revenue	5.68%	31.00%	-4.29%	-22.84%	34.22%	4.86%	25.76%	23.18%	19.01%	4.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.39	$2.46	$2.12	$1.64	$4.58	$1.67	$7.01	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	349.20M	352.50M	356.40M	349M	337.40M	399.26M	410.79M	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$2.36	$2.43	$2.10	$1.63	$4.49	$1.66	$6.91	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	352.80M	355.60M	360.80M	352.30M	359M	404.25M	416.98M	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	340.29M	351.38M	353.20M	359.07M	338.07M	399.99M	397.87M	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	982	991	854	737	520	353	559	941	778	864
Normalized NOPAT Margin	15.76%	16.33%	14.65%	14.02%	11.21%	7.74%	14.71%	16.36%	14.46%	13.98%
Pre Tax Income Margin	15.56%	16.34%	14.99%	12.89%	32.53%	7.38%	14.89%	18.65%	18.79%	20.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.35	9.02	9.89	3.98	3.62	3.08	8.33	12.93	22.78	0.00
NOPAT to Interest Expense	6.78	8.02	8.68	3.54	3.50	2.48	7.24	10.61	16.76	0.00
EBIT Less CapEx to Interest Expense	6.96	8.21	8.91	3.76	3.14	2.55	7.42	11.68	20.41	0.00
NOPAT Less CapEx to Interest Expense	6.40	7.21	7.71	3.32	3.02	1.96	6.34	9.36	14.39	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.35%	11.78%	13.18%	21.73%	10.13%	22.03%	4.51%	9.31%	349.47%	0.00%
Augmented Payout Ratio	120.16%	43.30%	71.82%	21.73%	10.13%	22.03%	4.51%	9.31%	349.47%	0.00%

This table displays calculated financial ratios and metrics derived from Fortive's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.30%	2.31%	2.68%	1.70%	4.37%	3.52%	2.64%	4.31%	6.12%	11.28%	11.91%
EBITDA Growth	-11.21%	4.96%	0.82%	1.74%	18.28%	3.94%	11.93%	14.94%	7.12%	33.06%	19.83%
EBIT Growth	-16.04%	0.59%	-6.17%	-5.68%	16.86%	5.85%	17.63%	23.69%	13.50%	43.90%	21.52%
NOPAT Growth	-25.56%	-21.44%	14.25%	5.89%	32.08%	15.53%	12.23%	25.96%	10.39%	33.49%	25.10%
Net Income Growth	-17.12%	-21.27%	1.65%	-6.65%	19.47%	16.73%	14.80%	20.81%	5.15%	37.70%	24.69%
EPS Growth	-13.79%	-18.92%	3.28%	-6.78%	18.37%	15.63%	15.09%	22.92%	8.89%	36.17%	26.19%
Operating Cash Flow Growth	-5.84%	12.40%	11.57%	-3.77%	47.19%	-3.75%	24.74%	9.04%	-18.81%	69.05%	25.78%
Free Cash Flow Firm Growth	161.08%	-273.77%	-410.82%	-352.39%	-319.35%	-34.84%	153.08%	122.35%	124.49%	131.02%	-194.68%
Invested Capital Growth	-3.69%	8.33%	12.47%	11.48%	11.57%	-1.21%	-1.21%	-1.70%	-2.57%	-3.37%	8.54%
Revenue Q/Q Growth	-9.02%	5.58%	-1.15%	1.83%	-3.74%	5.97%	-2.09%	4.50%	-4.52%	5.08%	-0.50%
EBITDA Q/Q Growth	-16.79%	9.28%	0.27%	-2.63%	-1.64%	4.98%	1.18%	13.20%	-13.56%	13.04%	3.91%
EBIT Q/Q Growth	-24.17%	14.34%	0.67%	-3.81%	-9.15%	6.66%	1.20%	19.17%	-17.71%	18.53%	6.41%
NOPAT Q/Q Growth	-14.58%	-17.23%	9.54%	-3.88%	-9.85%	20.37%	1.52%	19.90%	-21.15%	16.93%	13.94%
Net Income Q/Q Growth	-17.67%	-5.78%	13.58%	-5.93%	-21.79%	21.65%	4.31%	20.39%	-23.59%	19.64%	9.77%
EPS Q/Q Growth	-16.67%	-4.76%	14.55%	-5.17%	-21.62%	21.31%	3.39%	20.41%	-23.44%	20.75%	10.42%
Operating Cash Flow Q/Q Growth	-51.87%	9.41%	48.59%	20.34%	-42.55%	8.60%	28.16%	84.06%	-62.43%	40.75%	12.02%
Free Cash Flow Firm Q/Q Growth	191.21%	36.94%	-6.90%	0.66%	-359.49%	12.79%	-13.20%	-13.66%	-22.92%	191.89%	63.44%
Invested Capital Q/Q Growth	0.95%	-3.82%	-0.23%	-0.57%	13.55%	-0.16%	-1.11%	-0.49%	0.54%	-0.15%	-1.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.75%	60.31%	60.04%	59.80%	59.31%	59.83%	59.75%	59.32%	58.07%	58.34%	58.06%
EBITDA Margin	24.98%	27.32%	26.39%	26.02%	27.21%	26.63%	26.88%	26.01%	24.01%	26.52%	24.65%
Operating Margin	15.85%	18.95%	19.26%	19.44%	19.82%	19.63%	19.48%	19.08%	16.46%	19.01%	17.30%
EBIT Margin	15.83%	19.00%	17.54%	17.22%	18.24%	19.32%	19.20%	18.57%	16.29%	18.90%	16.75%
Profit (Net Income) Margin	11.66%	12.89%	14.44%	12.57%	13.60%	16.75%	14.59%	13.69%	11.88%	14.85%	13.04%
Tax Burden Percent	85.35%	76.01%	95.44%	85.31%	88.63%	95.57%	84.79%	83.47%	84.35%	88.40%	87.31%
Interest Burden Percent	86.29%	89.25%	86.26%	85.53%	84.17%	90.69%	89.61%	88.32%	86.51%	88.90%	89.18%
Effective Tax Rate	14.65%	23.99%	4.57%	14.69%	11.37%	4.43%	15.21%	16.53%	15.65%	11.60%	12.69%
Return on Invested Capital (ROIC)	6.21%	7.13%	8.86%	7.89%	8.28%	9.36%	8.15%	7.71%	6.59%	7.87%	7.28%
ROIC Less NNEP Spread (ROIC-NNEP)	5.32%	6.07%	6.47%	5.58%	6.14%	7.88%	6.97%	6.41%	5.52%	6.81%	6.03%
Return on Net Nonoperating Assets (RNNOA)	1.59%	1.38%	1.59%	1.47%	1.71%	1.69%	1.74%	1.74%	1.55%	2.02%	1.55%
Return on Equity (ROE)	7.80%	8.51%	10.44%	9.36%	9.98%	11.05%	9.90%	9.45%	8.14%	9.89%	8.83%
Cash Return on Invested Capital (CROIC)	10.95%	0.24%	-3.12%	-2.58%	-2.82%	9.37%	9.02%	9.19%	9.60%	10.28%	-1.48%
Operating Return on Assets (OROA)	5.65%	6.98%	6.56%	6.42%	6.71%	7.15%	7.31%	6.98%	6.00%	6.80%	6.15%
Return on Assets (ROA)	4.16%	4.73%	5.40%	4.69%	5.00%	6.19%	5.56%	5.14%	4.38%	5.35%	4.79%
Return on Common Equity (ROCE)	7.80%	8.50%	10.44%	9.36%	9.98%	11.05%	9.89%	9.44%	8.14%	9.88%	8.83%
Return on Equity Simple (ROE_SIMPLE)	7.79%	0.00%	8.43%	8.44%	8.59%	0.00%	8.21%	8.02%	7.74%	0.00%	7.38%
Net Operating Profit after Tax (NOPAT)	199	233	282	257	268	297	247	243	203	257	220
NOPAT Margin	13.52%	14.41%	18.38%	16.58%	17.57%	18.76%	16.52%	15.93%	13.88%	16.81%	15.11%
Net Nonoperating Expense Percent (NNEP)	0.89%	1.06%	2.38%	2.31%	2.14%	1.48%	1.18%	1.30%	1.07%	1.05%	1.25%
Return On Investment Capital (ROIC_SIMPLE)	1.41%	1.68%	-	-	-	2.13%	-	-	-	1.99%	-
Cost of Revenue to Revenue	40.25%	39.69%	39.96%	40.20%	40.69%	40.17%	40.25%	40.68%	41.93%	41.66%	41.94%
SG&A Expenses to Revenue	36.78%	34.75%	34.15%	33.84%	36.80%	33.93%	33.69%	33.67%	34.76%	32.67%	33.74%
R&D to Revenue	7.13%	6.61%	6.63%	6.51%	6.83%	6.26%	6.58%	6.56%	6.85%	6.61%	6.94%
Operating Expenses to Revenue	43.91%	41.36%	40.78%	40.36%	39.49%	40.20%	40.27%	40.23%	41.61%	39.32%	40.76%
Earnings before Interest and Taxes (EBIT)	233	308	269	267	278	306	287	284	238	289	244
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	368	443	405	404	415	422	402	397	351	406	359
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.41	2.55	2.63	2.48	2.88	2.50	2.58	2.64	2.43	2.33	2.19
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.00	4.18	4.48	4.24	4.93	4.25	4.32	4.41	4.05	3.87	3.63
Price to Earnings (P/E)	30.99	31.24	31.20	29.45	33.57	29.76	31.40	32.92	31.36	29.85	29.71
Dividend Yield	0.44%	0.43%	0.40%	0.42%	0.35%	0.40%	0.38%	0.38%	0.41%	0.44%	0.60%
Earnings Yield	3.23%	3.20%	3.21%	3.40%	2.98%	3.36%	3.18%	3.04%	3.19%	3.35%	3.37%
Enterprise Value to Invested Capital (EV/IC)	2.10	2.21	2.26	2.14	2.44	2.28	2.32	2.34	2.15	2.05	1.91
Enterprise Value to Revenue (EV/Rev)	4.48	4.64	4.97	4.75	5.46	4.54	4.66	4.79	4.46	4.31	4.13
Enterprise Value to EBITDA (EV/EBITDA)	17.10	17.36	18.72	17.80	20.45	17.52	18.02	18.91	18.06	17.46	17.54
Enterprise Value to EBIT (EV/EBIT)	25.69	25.77	27.49	25.68	28.97	24.71	25.53	27.12	26.38	25.82	26.53
Enterprise Value to NOPAT (EV/NOPAT)	28.60	27.90	27.83	27.29	31.69	27.79	29.49	30.97	30.22	29.39	29.72
Enterprise Value to Operating Cash Flow (EV/OCF)	18.32	18.94	20.93	20.53	23.29	20.34	20.44	22.18	20.89	19.25	21.05
Enterprise Value to Free Cash Flow (EV/FCFF)	18.78	977.55	0.00	0.00	0.00	24.18	25.52	25.20	22.04	19.61	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.36	0.37	0.36	0.38	0.35	0.27	0.30	0.31	0.34	0.38
Long-Term Debt to Equity	0.29	0.33	0.33	0.32	0.38	0.35	0.20	0.20	0.21	0.23	0.27
Financial Leverage	0.30	0.23	0.25	0.26	0.28	0.21	0.25	0.27	0.28	0.30	0.26
Leverage Ratio	1.67	1.65	1.60	1.61	1.64	1.64	1.62	1.64	1.65	1.68	1.65
Compound Leverage Factor	1.44	1.48	1.38	1.38	1.38	1.49	1.45	1.45	1.43	1.50	1.47
Debt to Total Capital	27.38%	26.67%	26.77%	26.46%	27.33%	26.10%	21.32%	23.00%	23.86%	25.13%	27.47%
Short-Term Debt to Total Capital	6.62%	2.71%	2.83%	2.69%	0.00%	0.00%	5.85%	7.72%	7.71%	7.73%	7.72%
Long-Term Debt to Total Capital	20.76%	23.96%	23.94%	23.77%	27.33%	26.10%	15.47%	15.28%	16.15%	17.40%	19.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.05%	0.05%	0.05%	0.05%	0.04%	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%
Common Equity to Total Capital	72.57%	73.28%	73.19%	73.49%	72.63%	73.86%	78.64%	76.96%	76.10%	74.83%	72.49%
Debt to EBITDA	2.38	2.22	2.35	2.30	2.41	2.32	1.76	1.97	2.12	2.26	2.66
Net Debt to EBITDA	1.83	1.74	1.85	1.91	1.98	1.12	1.30	1.50	1.66	1.77	2.14
Long-Term Debt to EBITDA	1.81	2.00	2.10	2.07	2.41	2.32	1.27	1.31	1.43	1.57	1.91
Debt to NOPAT	3.99	3.58	3.49	3.53	3.73	3.68	2.88	3.23	3.55	3.81	4.51
Net Debt to NOPAT	3.07	2.79	2.75	2.93	3.07	1.77	2.12	2.45	2.77	2.98	3.62
Long-Term Debt to NOPAT	3.02	3.21	3.12	3.17	3.73	3.68	2.09	2.14	2.40	2.64	3.24
Altman Z-Score	3.24	3.42	3.50	3.38	3.65	3.52	3.89	3.80	3.44	3.18	2.87
Noncontrolling Interest Sharing Ratio	0.06%	0.07%	0.06%	0.06%	0.06%	0.06%	0.05%	0.06%	0.06%	0.05%	0.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.99	1.16	1.25	1.23	1.50	2.05	1.02	0.96	0.93	0.91	0.94
Quick Ratio	0.67	0.79	0.82	0.77	0.96	1.59	0.68	0.64	0.61	0.61	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	705	-773	-1,227	-1,147	-1,155	445	395	455	527	683	-743
Operating Cash Flow to CapEx	966.80%	0.00%	2,607.95%	1,057.88%	1,645.51%	1,317.99%	1,607.03%	1,993.79%	703.23%	1,285.87%	1,459.29%
Free Cash Flow to Firm to Interest Expense	22.05	-23.37	-33.15	-29.65	-26.25	15.62	13.24	13.74	16.40	21.28	-28.16
Operating Cash Flow to Interest Expense	7.55	15.17	12.41	7.98	5.83	15.68	13.81	9.70	5.43	14.46	12.49
Operating Cash Flow Less CapEx to Interest Expense	6.77	15.27	11.93	7.23	5.48	14.49	12.95	9.21	4.66	13.34	11.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.37	0.37	0.37	0.37	0.37	0.38	0.38	0.37	0.36	0.37
Accounts Receivable Turnover	6.53	6.54	6.74	6.58	6.44	6.32	6.58	6.37	6.32	6.17	6.55
Inventory Turnover	4.31	4.62	4.47	4.38	4.31	4.60	4.44	4.48	4.43	4.69	4.51
Fixed Asset Turnover	14.43	14.28	14.48	14.59	14.45	14.08	14.38	14.33	14.10	14.25	14.17
Accounts Payable Turnover	3.70	3.89	4.16	4.06	3.93	4.01	4.31	4.25	4.26	4.17	4.51
Days Sales Outstanding (DSO)	55.86	55.82	54.13	55.44	56.67	57.75	55.45	57.32	57.74	59.17	55.72
Days Inventory Outstanding (DIO)	84.75	78.94	81.70	83.32	84.73	79.29	82.16	81.55	82.34	77.78	80.97
Days Payable Outstanding (DPO)	98.60	93.85	87.71	89.83	92.77	90.95	84.70	85.85	85.68	87.53	80.98
Cash Conversion Cycle (CCC)	42.01	40.91	48.12	48.93	48.63	46.08	52.91	53.03	54.40	49.42	55.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,214	13,090	13,610	13,642	13,720	12,083	12,102	12,237	12,297	12,231	12,249
Invested Capital Turnover	0.46	0.50	0.48	0.48	0.47	0.50	0.49	0.48	0.47	0.47	0.48
Increase / (Decrease) in Invested Capital	-506	1,007	1,509	1,405	1,423	-148	-148	-212	-324	-426	963
Enterprise Value (EV)	27,693	28,922	30,802	29,228	33,441	27,533	28,017	28,598	26,380	25,090	23,444
Market Capitalization	24,715	26,021	27,747	26,085	30,197	25,769	25,994	26,327	23,953	22,543	20,586
Book Value per Share	$30.08	$29.37	$30.13	$29.83	$29.79	$29.36	$28.63	$28.19	$27.94	$27.37	$26.40
Tangible Book Value per Share	($9.60)	($9.53)	($9.35)	($9.40)	($9.87)	($5.58)	($6.27)	($6.76)	($7.32)	($8.06)	($8.87)
Total Capital	14,106	13,903	14,421	14,286	14,425	13,972	12,816	12,950	12,970	12,940	12,955
Total Debt	3,863	3,707	3,860	3,780	3,942	3,646	2,732	2,978	3,094	3,251	3,559
Total Long-Term Debt	2,929	3,331	3,452	3,396	3,942	3,646	1,982	1,978	2,095	2,252	2,559
Net Debt	2,971	2,894	3,049	3,136	3,237	1,757	2,018	2,265	2,422	2,542	2,854
Capital Expenditures (CapEx)	25	-3.20	18	29	16	34	26	16	25	36	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	20	-83	131	214	171	-8.50	85	177	152	40	150
Debt-free Net Working Capital (DFNWC)	912	730	943	858	875	1,880	799	890	825	750	856
Net Working Capital (NWC)	-22	354	534	474	875	1,880	49	-110	-175	-250	-144
Net Nonoperating Expense (NNE)	27	25	60	62	60	32	29	34	29	30	30
Net Nonoperating Obligations (NNO)	2,971	2,894	3,049	3,136	3,237	1,757	2,018	2,265	2,422	2,542	2,854
Total Depreciation and Amortization (D&A)	135	135	136	137	137	116	115	114	113	117	115
Debt-free, Cash-free Net Working Capital to Revenue	0.33%	-1.34%	2.12%	3.47%	2.78%	-0.14%	1.42%	2.96%	2.58%	0.69%	2.65%
Debt-free Net Working Capital to Revenue	14.76%	11.72%	15.21%	13.93%	14.28%	31.00%	13.29%	14.89%	13.96%	12.87%	15.09%
Net Working Capital to Revenue	-0.35%	5.68%	8.63%	7.70%	14.28%	31.00%	0.82%	-1.85%	-2.96%	-4.29%	-2.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.50	$0.61	$0.63	$0.56	$0.59	$0.76	$0.62	$0.59	$0.49	$0.64	$0.53
Adjusted Weighted Average Basic Shares Outstanding	341.10M	349.20M	349.20M	351.30M	351.70M	352.50M	352.10M	353M	353.60M	356.40M	355.20M
Adjusted Diluted Earnings per Share	$0.50	$0.60	$0.63	$0.55	$0.58	$0.74	$0.61	$0.59	$0.49	$0.64	$0.53
Adjusted Weighted Average Diluted Shares Outstanding	344.60M	352.80M	352.30M	354.80M	356M	355.60M	356.10M	355.50M	356.50M	360.80M	357.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.64	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	339.88M	340.29M	346.95M	350.34M	352.03M	351.38M	351.43M	352.02M	353.55M	353.20M	353.81M
Normalized Net Operating Profit after Tax (NOPAT)	199	233	282	257	212	297	247	243	203	257	221
Normalized NOPAT Margin	13.52%	14.41%	18.38%	16.58%	13.90%	18.76%	16.52%	15.93%	13.88%	16.81%	15.17%
Pre Tax Income Margin	13.66%	16.95%	15.13%	14.73%	15.35%	17.52%	17.20%	16.40%	14.09%	16.80%	14.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.29	9.30	7.28	6.91	6.32	10.74	9.63	8.57	7.41	9.01	9.24
NOPAT to Interest Expense	6.23	7.05	7.62	6.65	6.09	10.43	8.28	7.35	6.32	8.01	8.33
EBIT Less CapEx to Interest Expense	6.51	9.40	6.80	6.16	5.96	9.55	8.77	8.08	6.64	7.88	8.38
NOPAT Less CapEx to Interest Expense	5.45	7.15	7.15	5.90	5.73	9.24	7.42	6.86	5.54	6.89	7.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.83%	13.35%	12.59%	12.28%	11.72%	11.78%	11.91%	12.35%	12.98%	13.18%	14.42%
Augmented Payout Ratio	150.80%	120.16%	67.47%	45.78%	11.72%	43.30%	45.10%	53.51%	12.98%	71.82%	68.69%

Frequently Asked Questions About Fortive's Financials

When does Fortive's financial year end?

According to the most recent income statement we have on file, Fortive's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Fortive's net income changed over the last 9 years?

Fortive's net income appears to be on a downward trend, with a most recent value of $832.90 million in 2024, falling from $863.80 million in 2015. The previous period was $865.80 million in 2023. Check out Fortive's forecast to explore projected trends and price targets.

What is Fortive's operating income?

Fortive's total operating income in 2024 was $1.21 billion, based on the following breakdown:

Total Gross Profit: $3.73 billion
Total Operating Expenses: $2.52 billion

How has Fortive revenue changed over the last 9 years?

Over the last 9 years, Fortive's total revenue changed from $6.18 billion in 2015 to $6.23 billion in 2024, a change of 0.9%.

How much debt does Fortive have?

Fortive's total liabilities were at $6.82 billion at the end of 2024, a 3.6% increase from 2023, and a 236.3% increase since 2015.

How much cash does Fortive have?

In the past 9 years, Fortive's cash and equivalents has ranged from $0.00 in 2015 to $1.89 billion in 2023, and is currently $813.30 million as of their latest financial filing in 2024.

How has Fortive's book value per share changed over the last 9 years?

Over the last 9 years, Fortive's book value per share changed from 15.00 in 2015 to 29.37 in 2024, a change of 95.7%.

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This page (NYSE:FTV) was last updated on 5/30/2025 by MarketBeat.com Staff

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Fortive (FTV) Financials

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Fortive (FTV) Financials

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