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
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
FCF
Total debt
Cash
2025
$4.2B
$533M
63.5%
17.3%
$978M
$3.2B
$376M
2024
$4.1B
$833M
64.2%
17.6%
$1.4B
$3.7B
$813M
2023
$3.9B
$866M
63.3%
14.7%
$1.3B
$3.6B
$1.9B
2022
$5.8B
$755M
57.7%
16.9%
$1.2B
$3.3B
$709M
2021
$5.3B
$608M
57.2%
15.5%
$911M
$4.0B
$819M
2020
$4.6B
—
56.3%
11.6%
$1.4B
$4.2B
$1.8B
2019
$4.6B
—
54.4%
9.7%
$1.2B
$6.3B
$1.2B
2018
$3.8B
—
57.5%
17.0%
$1.3B
$3.4B
$1.2B
2017
$5.8B
—
50.8%
19.9%
$1.1B
$4.1B
$962M
2016
$5.4B
—
49.9%
19.7%
$1.0B
$3.4B
$803M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Apr '26
$1.1B
$136M
63.2%
17.9%
$208M
$3.5B
$356M
Dec '25
$1.1B
$186M
63.2%
20.1%
$336M
$3.2B
$376M
Sep '25
$1.0B
$55M
63.2%
15.5%
$153M
$3.3B
$431M
Jun '25
$1.0B
$167M
63.5%
16.7%
$275M
$4.8B
$1.8B
Mar '25
$993M
$172M
64.2%
16.6%
$221M
$3.9B
$892M
Dec '24
$1.1B
$209M
64.8%
19.8%
$480M
$3.7B
$813M
Sep '24
$1.0B
$222M
63.9%
17.1%
$451M
$3.9B
$811M
Jun '24
$1.0B
$195M
64.1%
17.9%
$280M
$3.8B
$644M
Mar '24
$1.5B
$207M
59.3%
19.8%
$230M
$3.9B
$705M
Dec '23
$1.6B
$265M
59.8%
19.6%
$413M
$3.6B
$1.9B
Sep '23
$1.5B
$218M
59.8%
19.5%
$384M
$2.7B
$714M
Jun '23
$1.5B
$209M
59.3%
19.1%
$300M
$3.0B
$713M
Mar '23
$1.5B
$174M
58.1%
16.5%
$150M
$3.1B
$673M
Dec '22
$1.5B
—
58.3%
19.0%
$428M
$3.3B
$709M
Sep '22
$1.5B
—
58.1%
17.3%
$307M
$3.6B
$705M
Jul '22
$1.5B
—
57.0%
15.9%
$276M
$3.7B
$683M
Apr '22
$1.4B
—
57.5%
15.4%
$196M
$3.7B
$684M
Dec '21
$1.4B
—
57.8%
14.7%
$253M
$4.0B
$819M
Oct '21
$1.3B
—
57.3%
15.5%
$251M
$2.8B
$838M
Jul '21
$1.3B
—
57.2%
16.0%
$271M
$2.6B
$1.6B
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 27.5× (Mar '23) to 35.5× (Jun '26).
The price-to-sales ratio has risen from 3.6× (Mar '23) to 4.5× (Jun '26).
The dividend yield has risen from 0.5% (Mar '23) to 0.5% (Jun '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?
As of Jun '26, Fortive traded at a price-to-earnings ratio of about 35.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.