Fortive (FTV) Financials

$66.07 +1.09 (+1.68%)

As of 04/14/2025 03:58 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	864	872	1,045	2,879	670	1,544	574	755	866	833
Consolidated Net Income / (Loss)	864	872	1,045	2,914	739	1,613	608	755	866	833
Net Income / (Loss) Continuing Operations	864	740	884	490	268	1,452	614	755	866	833
Total Pre-Tax Income	1,270	1,011	1,074	566	337	1,508	678	874	991	970
Total Operating Income	1,270	1,062	1,143	645	444	539	813	987	1,134	1,207
Total Gross Profit	3,000	2,686	2,921	2,186	2,483	2,609	3,007	3,363	3,594	3,731
Total Revenue	6,179	5,378	5,756	3,800	4,564	4,634	5,255	5,826	6,065	6,232
Operating Revenue	6,179	5,378	5,756	3,800	4,564	4,634	5,255	5,826	6,065	6,232
Total Cost of Revenue	3,179	2,693	2,835	1,614	2,081	2,026	2,248	2,462	2,471	2,501
Operating Cost of Revenue	3,179	2,693	2,835	1,614	2,081	2,026	2,248	2,462	2,471	2,501
Total Operating Expenses	1,730	1,624	1,778	1,541	2,039	2,069	2,194	2,376	2,460	2,524
Selling, General & Admin Expense	1,353	1,273	1,409	1,263	1,719	1,748	1,840	1,957	2,063	2,174
Research & Development Expense	378	351	369	278	320	321	355	402	398	414
Restructuring Charge	-	-	-	-	-	0.00	-	-	-	0.00
Other Special Charges / (Income)	-	-	-	-	-	-	-	0.00	0.00	-63
Total Other Income / (Expense), net	0.00	-51	-69	-80	-107	968	-135	-114	-143	-237
Interest Expense	-	46	89	77	143	149	208	98	124	153
Other Income / (Expense), net	0.00	-4.80	4.00	-2.30	-5.40	-2.40	16	-16	-19	-84
Income Tax Expense	406	270	189	76	69	56	63	118	125	137
Basic Earnings per Share	$2.50	$2.52	$3.01	$8.33	$1.99	$4.58	$1.64	$2.12	$2.46	$2.39
Weighted Average Basic Shares Outstanding	345.20M	345.70M	347.50M	345.50M	335.80M	337.40M	349M	356.40M	352.50M	349.20M
Diluted Earnings per Share	$2.50	$2.51	$2.96	$8.21	$1.97	$4.49	$1.63	$2.10	$2.43	$2.36
Weighted Average Diluted Shares Outstanding	345.20M	347.30M	352.60M	350.70M	340M	359M	352.30M	360.80M	355.60M	352.80M
Weighted Average Basic & Diluted Shares Outstanding	345.20M	346.20M	347M	334.63M	336.42M	338.07M	359.07M	353.20M	351.38M	340.29M

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

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

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

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

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

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

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

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

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

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

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.

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 4/15/2025 by MarketBeat.com Staff

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Fortive (FTV) Financials

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