10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 2.1% per year over the past 5 years.
Net income has grown slower than revenue (-3.3% vs -2.1% per year).
Operating margin has expanded, at 17.3% in the latest year.
Free cash flow has declined 6.4% per year over the past 5 years.
Financial health
Total debt ($3.2B) exceeds cash ($376M); net debt is $2.8B.
Total debt has grown slower than revenue (-5.4% vs -2.1% per year).
Operating income covered interest expense -6.0× in the latest year, down from 3.6× 5 years ago.
Total debt is 2.8× EBITDA.
Shareholder returns
Dividends have been paid for 9 consecutive years, consuming 17.3% of earnings and 9.4% of free cash flow.
The dividend has declined 0.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$4.2B
$533M
63.5%
17.3%
8.3%
4.5%
$978M
$3.2B
$376M
2024
$4.1B
$833M
64.2%
17.6%
8.2%
4.9%
$1.4B
$3.7B
$813M
2023
$3.9B
$866M
63.3%
14.7%
8.4%
5.1%
$1.3B
$3.6B
$1.9B
2022
$5.8B
$755M
57.7%
16.9%
7.8%
4.8%
$1.2B
$3.3B
$709M
2021
$5.3B
$608M
57.2%
15.5%
6.4%
3.7%
$911M
$4.0B
$819M
2020
$4.6B
—
56.3%
11.6%
0.0%
0.0%
$1.4B
$4.2B
$1.8B
2019
$4.6B
—
54.4%
9.7%
0.0%
0.0%
$1.2B
$6.3B
$1.2B
2018
$3.8B
—
57.5%
17.0%
0.0%
0.0%
$1.3B
$3.4B
$1.2B
2017
$5.8B
—
50.8%
19.9%
0.0%
0.0%
$1.1B
$4.1B
$962M
2016
$5.4B
—
49.9%
19.7%
0.0%
0.0%
$1.0B
$3.4B
$803M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Oct '26
$1.1B
$173M
64.2%
21.3%
2.9%
1.5%
$284M
$3.5B
$377M
Jul '26
$1.1B
$157M
63.4%
19.1%
2.6%
1.4%
$258M
$3.5B
$374M
Apr '26
$1.1B
$136M
63.2%
17.9%
2.2%
1.2%
$208M
$3.5B
$356M
Dec '25
$1.1B
$186M
63.2%
20.1%
2.9%
1.6%
$336M
$3.2B
$376M
Sep '25
$1.0B
$55M
63.2%
15.5%
0.8%
0.5%
$136M
$3.3B
$431M
Jun '25
$1.0B
$167M
63.5%
16.7%
1.6%
0.9%
$286M
$4.8B
$1.8B
Mar '25
$993M
$172M
64.2%
16.6%
1.7%
1.0%
$221M
$3.9B
$892M
Dec '24
$1.1B
$209M
64.8%
19.8%
2.0%
1.2%
$480M
$3.7B
$813M
Sep '24
$1.0B
$222M
63.9%
17.1%
2.1%
1.3%
$451M
$3.9B
$811M
Jun '24
$1.0B
$195M
64.1%
17.9%
1.9%
1.1%
$280M
$3.8B
$644M
Mar '24
$1.5B
$207M
59.3%
19.8%
2.0%
1.2%
$230M
$3.9B
$705M
Dec '23
$1.6B
$265M
59.8%
19.6%
2.6%
1.6%
$413M
$3.6B
$1.9B
Sep '23
$1.5B
$218M
59.8%
19.5%
2.2%
1.4%
$384M
$2.7B
$714M
Jun '23
$1.5B
$209M
59.3%
19.1%
2.1%
1.3%
$300M
$3.0B
$713M
Mar '23
$1.5B
$174M
58.1%
16.5%
1.8%
1.1%
$150M
$3.1B
$673M
Dec '22
$1.5B
—
58.3%
19.0%
0.0%
0.0%
$428M
$3.3B
$709M
Sep '22
$1.5B
—
58.1%
17.3%
0.0%
0.0%
$307M
$3.6B
$705M
Jul '22
$1.5B
—
57.0%
15.9%
0.0%
0.0%
$276M
$3.7B
$683M
Apr '22
$1.4B
—
57.5%
15.4%
0.0%
0.0%
$196M
$3.7B
$684M
Dec '21
$1.4B
—
57.8%
14.7%
0.0%
0.0%
$253M
$4.0B
$819M
Valuation over time
How the market has priced FTV against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 26.9× (Mar '23) to 37.3× (Nov '26).
The price-to-sales ratio has risen from 3.5× (Mar '23) to 4.8× (Nov '26).
The dividend yield has fallen from 0.5% (Mar '23) to 0.5% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FTV growing its revenue and profit?
Over the past 5 years, Fortive's revenue has declined 2.1% per year, and net income declined 3.3% per year. These are computed facts, not advice.
How much debt does FTV have?
As of FY2025, Fortive reported $3.2B of total debt against $376M of cash; operating income covered interest expense -6.0×.
What is FTV's profit margin?
In FY2025, gross margin was 63.5%, operating margin 17.3%, and net margin 12.8%.
What is FTV's P/E ratio?
Fortive's P/E (TTM) is 30.51 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FTV stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 37.3× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.