Fortive Corp

FTV 10-K · FY 2025

FTV FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 4,159.1 4,080.9 +1.9%
Show Product Lines breakouts
Product 3,341.3 3,290.9 +1.5%
Product · Advanced Healthcare Solutions 1,021.9 1,012.2 +1.0%
Product · Intelligent Operating Solutions 2,319.4 2,278.7 +1.8%
Service 817.8 790 +3.5%
Service · Advanced Healthcare Solutions 280.9 275.5 +2.0%
Service · Intelligent Operating Solutions 536.9 514.5 +4.4%
Show Business Segments breakouts
Advanced Healthcare Solutions · Asia Pacific 280.4 276.8 +1.3%
Advanced Healthcare Solutions · EMEA 172 168.1 +2.3%
Advanced Healthcare Solutions · Government 36.6 38.6 -5.2%
Advanced Healthcare Solutions · Health Care 1,235.6 1,217.2 +1.5%
Advanced Healthcare Solutions · Industrial & Manufacturing 17 18.3 -7.1%
Advanced Healthcare Solutions · Latin America 96.3 100.5 -4.2%
Advanced Healthcare Solutions · North America 754.1 742.3 +1.6%
Advanced Healthcare Solutions · Operating Segments 1,302.8 1,287.7 +1.2%
Advanced Healthcare Solutions · Other 13.6 13.6 0.0%
Intelligent Operating Solutions · Asia Pacific 449.7 456.5 -1.5%
Intelligent Operating Solutions · EMEA 553.8 553 +0.1%
Intelligent Operating Solutions · Energy & Infrastructure 687.6 659.5 +4.3%
Intelligent Operating Solutions · Government 314 318.3 -1.4%
Intelligent Operating Solutions · Health Care 44.9 47.5 -5.5%
Intelligent Operating Solutions · Industrial & Manufacturing 1,181.7 1,154.3 +2.4%
Intelligent Operating Solutions · Latin America 115.8 109.2 +6.0%
Intelligent Operating Solutions · North America 1,737 1,674.5 +3.7%
Intelligent Operating Solutions · Operating Segments 2,856.3 2,793.2 +2.3%
Intelligent Operating Solutions · Other 312.4 322.4 -3.1%
Intelligent Operating Solutions · Retail 315.7 291.2 +8.4%
Show Geography breakouts
Asia Pacific 730.1 733.3 -0.4%
EMEA 725.8 721.1 +0.7%
Latin America 212.1 209.7 +1.1%
North America 2,491.1 2,416.8 +3.1%
Show End Market [Axis] breakouts
Energy & Infrastructure 687.6 659.5 +4.3%
Government 350.6 356.9 -1.8%
Health Care 1,280.5 1,264.7 +1.2%
Industrial & Manufacturing 1,198.7 1,172.6 +2.2%
Other 326 336 -3.0%
Retail 315.7 291.2 +8.4%
Cost of Revenue -1,518 -1,461.8 -3.8%
Show Product Lines breakouts
Product -1,113.7 -1,070.4 -4.0%
Service -404.3 -391.4 -3.3%
Show Business Segments breakouts
Advanced Healthcare Solutions · Operating Segments -545.4 -538.9 -1.2%
Intelligent Operating Solutions · Operating Segments -972.6 -922.9 -5.4%
Gross Profit 2,641.1 2,619.1 +0.8%
Show Business Segments breakouts
Advanced Healthcare Solutions · Operating Segments 757.4 748.8 +1.1%
Intelligent Operating Solutions · Operating Segments 1,883.7 1,870.3 +0.7%
Selling, General & Administrative -1,661.7 -1,651.5 -0.6%
Research & Development -259.2 -251.3 -3.1%
Operating Income 720.2 716.3 +0.5%
Show Business Segments breakouts
Advanced Healthcare Solutions · Operating Segments 138.6 138.5 +0.1%
Corporate And Other · Corporate Non Segment -156.7 -130.2 -20.4%
Intelligent Operating Solutions · Operating Segments 738.3 708 +4.3%
Interest Expense -120.5 -152.8 +21.1%
Other Non-Operating Income (Expense) 2.5 -57.2 +104.4%
Show Business Segments breakouts
Corporate And Other · Corporate Non Segment 2.5 -57.2 +104.4%
Income Before Taxes 602.2 506.3 +18.9%
Show Business Segments breakouts
Advanced Healthcare Solutions · Operating Segments 138.6 138.5 +0.1%
Corporate And Other · Corporate Non Segment -274.7 -340.2 +19.3%
Intelligent Operating Solutions · Operating Segments 738.3 708 +4.3%
Income Tax Expense (Benefit) -69.5 -23.8 -192.0%
Income Loss From Continuing Operations 532.7 482.5 +10.4%
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity 46.5 350.4 -86.7%
Net Income 579.2 832.9 -30.5%
Show Equity Components breakouts
Retained Earnings 579.2 832.9 -30.5%
Income Loss From Continuing Operations Per Basic Share 1.6 1.38 +15.9%
Income Loss From Continuing Operations Per Diluted Share 1.59 1.37 +16.1%
Income Loss From Discontinued Operations Net Of Tax Per Basic Share 0.14 1.01 -86.1%
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share 0.14 0.99 -85.9%
EPS (Basic) 1.74 2.39 -27.2%
EPS (Diluted) 1.73 2.36 -26.7%
Wtd Avg Shares (Basic) 332 349.2 -4.9%
Wtd Avg Shares (Diluted) 334.6 352.8 -5.2%
Operating Expenses -1,920.9 -1,902.8 -1.0%
Show Business Segments breakouts
Advanced Healthcare Solutions · Operating Segments -618.8 -610.3 -1.4%
Corporate And Other · Corporate Non Segment -156.7 -130.2 -20.4%
Intelligent Operating Solutions · Operating Segments -1,145.4 -1,162.3 +1.5%
Comprehensive Income 753.3 693.6 +8.6%
Other Comprehensive Income 174.1 -139.3 +225.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 174.1 -139.3 +225.0%
Interest Expense -120.5 -152.8 +21.1%
Show Business Segments breakouts
Corporate And Other · Corporate Non Segment -120.5 -152.8 +21.1%
Foreign Currency Transaction Gain Loss Before Tax 5.1 11.5 -55.7%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 375.5 813.3 -53.8%
Accounts Receivable 683.6 661.3 +3.4%
Inventory Finished Goods Net Of Reserves 169.9 151.9 +11.8%
Inventory Work In Process Net Of Reserves 12.3 15.3 -19.6%
Inventory Raw Materials Net Of Reserves 109.6 102.6 +6.8%
Inventory 291.8 269.8 +8.2%
Prepaid Expenses & Other Current Assets 234 233.6 +0.2%
Assets Of Disposal Group Including Discontinued Operation Current 20.8 614.3 -96.6%
Total Current Assets 1,605.7 2,592.3 -38.1%
Property, Plant & Equipment 269.8 232.9 +15.8%
Show Geography breakouts
Non Us 45.1 47.1 -4.2%
US 224.7 185.8 +20.9%
Other Non-Current Assets 375.5 348.4 +7.8%
Goodwill 7,298.3 7,216 +1.1%
Show Business Segments breakouts
Advanced Healthcare Solutions 3,115.6 3,094.3 +0.7%
Intelligent Operating Solutions 4,182.7 4,121.7 +1.5%
Intangible Assets Net Excluding Goodwill 2,188.4 2,530.5 -13.5%
Total Assets 11,737.7 17,016.1 -31.0%
Show Business Segments breakouts
Advanced Healthcare Solutions · Operating Segments 4,861.6 5,008.6 -2.9%
Intelligent Operating Solutions · Operating Segments 6,346 6,324.1 +0.3%
Show Consolidation Items breakouts
Corporate Non Segment 509.3 973.1 -47.7%
Operating Segments 11,207.6 11,332.7 -1.1%
Show Disposal Group Classification breakouts
Segment Discontinued Operations 20.8 4,710.3 -99.6%
Non-Current Assets
Operating Lease Right-of-Use Assets 96.1 91.8 +4.7%
Current Liabilities
Current Portion of Long-Term Debt 899.5 376.2 +139.1%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 899.5 376.2 +139.1%
Accounts Payable Trade Current 436.4 425.4 +2.6%
Accrued Liabilities 910.7 868.3 +4.9%
Total Current Liabilities 2,246.6 2,238.4 +0.4%
Deferred Revenue (Current) 440.3 410.1 +7.4%
Non-Current Liabilities
Other Non-Current Liabilities 723.5 847.2 -14.6%
Long-Term Debt 2,306.5 3,331.1 -30.8%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 2,306.5 3,331.1 -30.8%
Long-Term Debt 3,206 3,707.3 -13.5%
Show Debt Instrument breakouts
U.S. dollar-denominated commercial paper · Commercial Paper 649
Operating Lease Liabilities 73.6 73.1 +0.7%
Accrued Income Taxes Noncurrent 545.1 667.3 -18.3%
Contract With Customer Liability Noncurrent 24.1 23.1 +4.3%
Other Liabilities
Minority Interest 7.7 7 +10.0%
Stockholders' Equity
Common Stock 3.7 3.7 0.0%
Additional Paid-In Capital 4,210 4,035 +4.3%
Treasury Stock Common Value -3,229.8 -1,612.3 -100.3%
Retained Earnings 5,428.5 8,227.6 -34.0%
Accumulated Other Comprehensive Income 41 -465.4 +108.8%
Total Stockholders' Equity 6,453.4 10,188.6 -36.7%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 6,461.1 10,195.6 -36.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -17.8 -34 +47.6%
Accumulated Other Comprehensive Income 41 -465.4 +108.8%
Accumulated Translation Adjustment 58.8 -431.4 +113.6%
Additional Paid In Capital 4,210 4,035 +4.3%
Common Stock 3.7 3.7 0.0%
Noncontrolling Interest 7.7 7 +10.0%
Retained Earnings 5,428.5 8,227.6 -34.0%
Treasury Stock Common -3,229.8 -1,612.3 -100.3%
Total Liabilities & Equity 11,737.7 17,016.1 -31.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Adjustment For Amortization 367.5 369.3 -0.5%
Depreciation 70.1 61.6 +13.8%
Stock-Based Compensation 116.8 90.1 +29.6%
Increase Decrease In Deferred Income Taxes -49.9 -24.8 -101.2%
Change in Accounts Receivable 8.7 -15.5 +156.1%
Change in Inventory -20 -7.9 -153.2%
Change in Accounts Payable 12.4 51.1 -75.7%
Change in Prepaid & Other Assets -15.6 9.5 -264.2%
Increase Decrease In Accrued Liabilities 13 -26.8 +148.5%
Net Cash Provided By Used In Operating Activities Continuing Operations 1,035.7 1,028.5 +0.7%
Cash Provided By Used In Operating Activities Discontinued Operations 47.5 498.3 -90.5%
Net Cash from Operations 1,083.2 1,526.8 -29.1%
Depreciation & Amortization -437.6 -430.9 -1.6%
Show Business Segments breakouts
Advanced Healthcare Solutions · Operating Segments -199.8 -201.2 +0.7%
Corporate And Other · Corporate Non Segment -1.4 -0.9 -55.6%
Intelligent Operating Solutions · Operating Segments -236.4 -228.8 -3.3%
Investing Activities
Capital Expenditures -105.1 -86.1 -22.1%
Payments To Acquire Businesses Net Of Cash Acquired -25.7 -3.6 -613.9%
Other Investing Activities 11.2 0.9 +1144.4%
Net Cash Provided By Used In Investing Activities Continuing Operations -119.6 -88.8 -34.7%
Cash Provided By Used In Investing Activities Discontinued Operations -15.8 -1,707.2 +99.1%
Net Cash from Investing -135.4 -1,796 +92.5%
Financing Activities
Proceeds From Repayments Of Commercial Paper 0.9 -596.5 +100.2%
Share Repurchases -1,610.1 -889.6 -81.0%
Payments Of Dividends Common Stock -92.2 -111.2 +17.1%
Repayments Of Debt Maturing In More Than Three Months -715.7 -1,000 +28.4%
Proceeds From Separation Of Business 1,150
Proceeds From Payments For Other Financing Activities 40.8 71.1 -42.6%
Net Cash Provided By Used In Financing Activities Continuing Operations -1,226.3 -792.7 -54.7%
Cash Provided By Used In Financing Activities Discontinued Operations -160.3
Net Cash from Financing -1,386.6 -792.7 -74.9%
Supplemental
Income Taxes Paid 100
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1 -13.6 +107.4%
Net Change in Cash -437.8 -1,075.5 +59.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 375.5 813.3 -53.8%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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