InsiderClue
Stocks · Technology · Industrial Instruments For Measurement, Display, and Control

Fortive

FTV Clue Score39
United States Fiscal year ends December CIK 0001659166
$57.26 +1.49% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $57.26 −18.75% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue5.38Operating income1.06Net income0.87EPS, diluted2.51Fiscal year 2017Revenue5.76 +7.0%Operating income1.14Net income1.04 +19.7%EPS, diluted2.96 +17.9%Fiscal year 2018Revenue3.80 −34.0%Operating income0.65Net income2.91 +179.0%EPS, diluted8.21 +177.4%Fiscal year 2019Revenue4.56 +20.1%Operating income0.44Net income0.74 −74.6%EPS, diluted1.97 −76.0%Fiscal year 2020Revenue4.63 +1.5%Operating income0.54Net income1.61 +118.3%EPS, diluted4.49 +127.9%Fiscal year 2021Revenue5.25 +13.4%Operating income0.81EPS, diluted1.63 −63.7%Fiscal year 2022Revenue5.83 +10.9%Operating income0.99Net income0.76EPS, diluted2.10 +28.8%Fiscal year 2023Revenue3.91 −32.8%Operating income0.57Net income0.87 +14.6%EPS, diluted2.43 +15.7%Fiscal year 2024Revenue4.08 +4.3%Operating income0.72Net income0.83 −3.8%EPS, diluted2.36 −2.9%Fiscal year 2025Revenue4.16 +1.9%Operating income0.72Net income0.58 −30.5%EPS, diluted1.73 −26.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 5.38 5.76 3.80 4.56 4.63 5.25 5.83 3.91 4.08 4.16
Growth +7.0% −34.0% +20.1% +1.5% +13.4% +10.9% −32.8% +4.3% +1.9%
Operating income 1.06 1.14 0.65 0.44 0.54 0.81 0.99 0.57 0.72 0.72
Net income 0.87 1.04 2.91 0.74 1.61 n/a 0.76 0.87 0.83 0.58
Growth +19.7% +179.0% −74.6% +118.3% +14.6% −3.8% −30.5%
EPS, diluted 2.51 2.96 8.21 1.97 4.49 1.63 2.10 2.43 2.36 1.73
Growth +17.9% +177.4% −76.0% +127.9% −63.7% +28.8% +15.7% −2.9% −26.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin49.9%Operating margin19.7%Net margin16.2%Free cash flow margin19.1%Fiscal year 2017Gross margin50.8%Operating margin19.9%Net margin18.1%Free cash flow margin18.5%Fiscal year 2018Gross margin57.5%Operating margin17.0%Net margin76.7%Free cash flow margin33.5%Fiscal year 2019Gross margin54.4%Operating margin9.7%Net margin16.2%Free cash flow margin26.2%Fiscal year 2020Gross margin56.3%Operating margin11.6%Net margin34.8%Free cash flow margin29.4%Fiscal year 2021Gross margin57.2%Operating margin15.5%Free cash flow margin17.3%Fiscal year 2022Gross margin57.7%Operating margin16.9%Net margin13.0%Free cash flow margin20.7%Fiscal year 2023Gross margin63.3%Operating margin14.7%Net margin22.1%Free cash flow margin32.6%Fiscal year 2024Gross margin64.2%Operating margin17.6%Net margin20.4%Free cash flow margin35.3%Fiscal year 2025Gross margin63.5%Operating margin17.3%Net margin13.9%Free cash flow margin23.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 49.9% 50.8% 57.5% 54.4% 56.3% 57.2% 57.7% 63.3% 64.2% 63.5%
Operating margin 19.7% 19.9% 17.0% 9.7% 11.6% 15.5% 16.9% 14.7% 17.6% 17.3%
Net margin 16.2% 18.1% 76.7% 16.2% 34.8% n/a 13.0% 22.1% 20.4% 13.9%
Free cash flow margin 19.1% 18.5% 33.5% 26.2% 29.4% 17.3% 20.7% 32.6% 35.3% 23.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.14Capital expenditure−0.11Free cash flow1.03Dividends paid−0.05Fiscal year 2017Operating cash flow1.18Capital expenditure−0.11Free cash flow1.07 +3.7%Dividends paid−0.10Fiscal year 2018Operating cash flow1.34Capital expenditure−0.07Free cash flow1.27 +19.6%Dividends paid−0.10Fiscal year 2019Operating cash flow1.27Capital expenditure−0.07Free cash flow1.20 −6.1%Dividends paid−0.09Fiscal year 2020Operating cash flow1.44Capital expenditure−0.08Free cash flow1.36 +13.7%Buybacks0.00Dividends paid−0.09Fiscal year 2021Operating cash flow0.96Capital expenditure−0.05Free cash flow0.91 −33.1%Buybacks0.00Dividends paid−0.10Fiscal year 2022Operating cash flow1.30Capital expenditure−0.10Free cash flow1.21 +32.5%Buybacks−0.44Dividends paid−0.10Fiscal year 2023Operating cash flow1.35Capital expenditure−0.08Free cash flow1.28 +5.6%Buybacks−0.27Dividends paid−0.10Fiscal year 2024Operating cash flow1.53Capital expenditure−0.09Free cash flow1.44 +13.0%Buybacks−0.89Dividends paid−0.11Fiscal year 2025Operating cash flow1.08Capital expenditure−0.11Free cash flow0.98 −32.1%Buybacks−1.61Dividends paid−0.09
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.14 1.18 1.34 1.27 1.44 0.96 1.30 1.35 1.53 1.08
Capital expenditure −0.11 −0.11 −0.07 −0.07 −0.08 −0.05 −0.10 −0.08 −0.09 −0.11
Free cash flow 1.03 1.07 1.27 1.20 1.36 0.91 1.21 1.28 1.44 0.98
Growth +3.7% +19.6% −6.1% +13.7% −33.1% +32.5% +5.6% +13.0% −32.1%
Buybacks n/a n/a n/a n/a 0.00 0.00 −0.44 −0.27 −0.89 −1.61
Dividends paid −0.05 −0.10 −0.10 −0.09 −0.09 −0.10 −0.10 −0.10 −0.11 −0.09

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.80Total debt3.36Net cash (debt)−2.55Shareholders’ equity2.69Debt to equity1.25Fiscal year 2017Cash0.96Total debt4.06Net cash (debt)−3.09Shareholders’ equity3.79Debt to equity1.07Fiscal year 2018Cash1.18Total debt3.43Net cash (debt)−2.25Shareholders’ equity6.60Debt to equity0.52Fiscal year 2019Cash1.21Total debt6.33Net cash (debt)−5.12Shareholders’ equity7.39Debt to equity0.86Fiscal year 2020Cash1.82Total debt4.23Net cash (debt)−2.41Shareholders’ equity8.96Debt to equity0.47Fiscal year 2021Cash0.82Total debt3.96Net cash (debt)−3.14Shareholders’ equity9.51Debt to equity0.42Fiscal year 2022Cash0.71Total debt3.25Net cash (debt)−2.54Shareholders’ equity9.68Debt to equity0.34Fiscal year 2023Cash1.89Total debt3.65Net cash (debt)−1.76Shareholders’ equity10.32Debt to equity0.35Fiscal year 2024Cash0.81Total debt3.71Net cash (debt)−2.89Shareholders’ equity10.19Debt to equity0.36Fiscal year 2025Cash0.38Total debt3.21Net cash (debt)−2.83Shareholders’ equity6.45Debt to equity0.50
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.80 0.96 1.18 1.21 1.82 0.82 0.71 1.89 0.81 0.38
Total debt 3.36 4.06 3.43 6.33 4.23 3.96 3.25 3.65 3.71 3.21
Net cash (debt) −2.55 −3.09 −2.25 −5.12 −2.41 −3.14 −2.54 −1.76 −2.89 −2.83
Shareholders’ equity 2.69 3.79 6.60 7.39 8.96 9.51 9.68 10.32 10.19 6.45
Debt to equity 1.25 1.07 0.52 0.86 0.47 0.42 0.34 0.35 0.36 0.50

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
5.38 5.76 3.80 4.56 4.63 5.25 5.83 3.91 4.08 4.16
Growth +7.0% −34.0% +20.1% +1.5% +13.4% +10.9% −32.8% +4.3% +1.9%
2.69 2.83 1.61 2.08 2.03 2.25 2.46 1.44 1.46 1.52
2.69 2.92 2.19 2.48 2.61 3.01 3.36 2.48 2.62 2.64
Growth +8.8% −25.2% +13.6% +5.0% +15.3% +11.8% −26.4% +5.7% +0.8%
0.35 0.37 0.28 0.32 0.32 0.35 0.40 0.24 0.25 0.26
1.27 1.41 1.26 1.72 1.75 1.84 1.96 1.67 1.65 1.66
1.06 1.14 0.65 0.44 0.54 0.81 0.99 0.57 0.72 0.72
Growth +7.7% −43.5% −31.2% +21.5% +50.7% +21.5% −41.9% +24.8% +0.5%
1.01 1.07 0.57 0.34 1.51 0.68 0.87 0.43 0.51 0.60
0.27 0.19 0.08 0.07 0.06 0.06 0.12 0.02 0.02 0.07
0.87 1.04 2.91 0.74 1.61 n/a 0.76 0.87 0.83 0.58
Growth +19.7% +179.0% −74.6% +118.3% +14.6% −3.8% −30.5%
Per share
2.52 3.01 8.33 1.99 4.58 1.64 2.12 2.46 2.39 1.74
2.51 2.96 8.21 1.97 4.49 1.63 2.10 2.43 2.36 1.73
Growth +17.9% +177.4% −76.0% +127.9% −63.7% +28.8% +15.7% −2.9% −26.7%
345.7 347.5 345.5 335.8 337.4 349.0 356.4 352.5 349.2 332.0
347.3 352.6 350.7 340.0 359.0 352.3 360.8 355.6 352.8 334.6
Growth +1.5% −0.5% −3.1% +5.6% −1.9% +2.4% −1.4% −0.8% −5.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 2.1% a year over five years, and earnings per share fell 17.4% a year.
  • The diluted share count fell 6.8% in five years, so buybacks did some of the work per share.
  • Operating margin is up 5.7 points on five years ago, at 17.3%.
  • Profitable in every one of the 9 years on file.