Fortive Corporation (FTV) Income Statement
FTV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFTV revenue and net income
Where FTV's revenue goes
2025Each bar shows an amount and its share of revenue. FTV kept 11.3% of revenue as net income.
FTV profit margins
FTV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −17.5% | −4.1% | +2.1% | −1.8% |
| Gross profit | −16.0% | −2.3% | +3.7% | +0.4% |
| Operating income | −22.8% | −3.3% | +6.9% | −3.5% |
| Net income | −30.5% | −8.5% | −18.5% | −3.9% |
| EPS (diluted) | −22.8% | −1.5% | −0.3% | +1.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FTV quarterly EPS vs estimates
Fortive beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.70).
FTV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.14B | $6.23B | $6.07B | $5.83B | $5.25B | $4.63B | $4.56B | $6.45B | $5.76B | $6.22B |
| Cost of revenue | $2.01B | $2.50B | $2.47B | $2.46B | $2.24B | $2.02B | $2.07B | $3.13B | $2.83B | $3.18B |
| Gross profit | $3.13B | $3.73B | $3.59B | $3.36B | $3.01B | $2.62B | $2.50B | $3.32B | $2.92B | $3.04B |
| Research & development | $342.3M | $414.0M | $397.8M | $401.5M | $354.8M | $320.7M | $320.3M | $414.3M | $369.3M | $384.8M |
| Sales, general & admin | $1.66B | $2.17B | $2.02B | $1.96B | $1.84B | $1.75B | $2.22B | $1.73B | $1.54B | $1.40B |
| Total operating expenses | $2.23B | $2.55B | $2.46B | $2.36B | $2.18B | $1.97B | $1.97B | $2.14B | $1.76B | $1.77B |
| Operating income | $908.9M | $1.18B | $1.13B | $1.01B | $831.5M | $650.2M | $529.3M | $1.19B | $1.16B | $1.27B |
| Interest income | $120.5M | $192.2M | $123.5M | $98.3M | $103.2M | $970.7M | $164.2M | $97.0M | $88.7M | $46.4M |
| Interest expense | $120.5M | $152.8M | $123.5M | $98.3M | $103.2M | $148.5M | $142.6M | $97.0M | $88.7M | $49.0M |
| Income before taxes | $753.9M | $969.6M | $990.8M | $873.5M | $677.5M | $1.51B | $336.7M | $1.08B | $1.07B | $1.20B |
| Income taxes | $112.7M | $136.7M | $125.0M | $118.3M | $63.3M | $55.5M | $68.6M | $160.1M | $189.3M | $324.7M |
| Net income | $579.2M | $832.9M | $865.8M | $755.2M | $608.4M | $1.61B | $738.9M | $2.91B | $1.04B | $872.3M |
| EBITDA | $1.20B | $1.67B | $1.13B | $1.44B | $1.18B | $2.04B | $820.8M | $1.44B | $1.32B | $1.42B |
| EPS (diluted) | $3.01 | $3.90 | $3.43 | $3.15 | $2.74 | $3.06 | $3.49 | $3.46 | $2.90 | $2.47 |
| Gross margin | 61.0% | 59.9% | 59.3% | 57.7% | 57.3% | 56.5% | 54.7% | 51.5% | 50.8% | 48.9% |
| Operating margin | 17.7% | 18.9% | 18.7% | 17.3% | 15.8% | 14.0% | 11.6% | 18.4% | 20.2% | 20.4% |
| Net margin | 11.3% | 13.4% | 14.3% | 13.0% | 11.6% | 34.8% | 16.2% | 45.2% | 18.1% | 14.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | $1.07B | $1.12B | $1.03B | $1.52B | $1.47B | $1.62B | $1.53B | $1.55B | $1.52B | $1.58B | $1.49B |
| Cost of revenue | $401.5M | $393.9M | $413.6M | $377.9M | $623.1M | $593.3M | $643.1M | $613.3M | $624.1M | $620.3M | $636.2M | $601.5M |
| Gross profit | $695.3M | $675.5M | $708.9M | $649.2M | $895.7M | $880.9M | $977.2M | $921.3M | $928.3M | $904.2M | $947.5M | $893.0M |
| Research & development | $67.5M | $66.5M | $66.0M | $62.0M | $109.2M | $105.1M | $107.1M | $101.7M | $101.1M | $104.1M | $99.2M | $98.4M |
| Sales, general & admin | $417.9M | $417.3M | $417.4M | $427.6M | $564.3M | $542.2M | $563.0M | $524.1M | $525.4M | $561.0M | $537.4M | $503.5M |
| Total operating expenses | $485.4M | $483.8M | $483.4M | $489.6M | $632.5M | $620.3M | $666.2M | $623.9M | $626.5M | $665.1M | $636.6M | $601.9M |
| Operating income | $209.9M | $191.7M | $225.5M | $159.6M | $263.2M | $260.6M | $311.0M | $297.4M | $301.8M | $239.1M | $310.9M | $291.1M |
| Interest income | — | — | $31.0M | $25.4M | $32.1M | $32.0M | $33.1M | $63.1M | — | — | — | $29.8M |
| Interest expense | $35.4M | $31.6M | $31.0M | $25.4M | $32.1M | $32.0M | $33.1M | $37.0M | $38.7M | $44.0M | $28.5M | $29.8M |
| Income before taxes | $179.5M | $163.6M | $193.9M | $135.0M | $192.0M | $201.4M | $274.7M | $232.2M | $228.7M | $234.0M | $277.5M | $257.1M |
| Income taxes | $22.2M | $27.2M | $2.4M | $18.0M | $25.4M | $29.5M | $65.9M | $10.6M | $33.6M | $26.6M | $12.3M | $39.1M |
| Net income | $157.3M | $136.4M | $185.7M | $55.0M | $166.6M | $171.9M | $208.8M | $221.6M | $195.1M | $207.4M | $265.2M | $218.0M |
| EBITDA | $209.9M | $308.8M | $339.3M | $214.0M | $361.6M | $368.3M | $442.6M | $405.0M | $403.9M | $414.8M | $421.7M | $401.7M |
| EPS (diluted) | $0.74 | $0.70 | $0.90 | $0.68 | $0.58 | $0.85 | $1.17 | $0.97 | $0.93 | $0.83 | $0.98 | $0.85 |
| Gross margin | 63.4% | 63.2% | 63.2% | 63.2% | 59.0% | 59.8% | 60.3% | 60.0% | 59.8% | 59.3% | 59.8% | 59.8% |
| Operating margin | 19.1% | 17.9% | 20.1% | 15.5% | 17.3% | 17.7% | 19.2% | 19.4% | 19.4% | 15.7% | 19.6% | 19.5% |
| Net margin | 14.3% | 12.8% | 16.5% | 5.4% | 11.0% | 11.7% | 12.9% | 14.4% | 12.6% | 13.6% | 16.7% | 14.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FTV's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FTV financial results
In fiscal year 2025 (ended December 31, 2025), Fortive reported revenue of $5.1 billion, down 17.5% from the year before. It had net income of $579.2 million (down 30.5%), a net profit margin of 11.3%. Diluted earnings per share came to $3.01. Over five years revenue grew at an average rate of 2.1% a year.
See the FTV stock overview for the latest quote and news, or the FTV chart for price history and technical indicators.
FTV income statement FAQ
What is Fortive's annual revenue?
Fortive reported total revenue of $5.1 billion for fiscal year 2025, which ended on December 31, 2025. That was down 17.5% from $6.2 billion the previous year.
Is Fortive profitable?
Yes. Fortive reported net income of $579.2 million in fiscal 2025, a net profit margin of 11.3%; its operating margin was 17.7%.
What is Fortive's gross margin?
Fortive's gross margin was 61.0% in fiscal 2025: for every $100 of revenue, Fortive kept $61 after the direct cost of its products and services.
How much does Fortive spend on research and development?
Fortive spent $342.3 million on research and development in fiscal 2025, 6.7% of revenue.
How fast is Fortive growing?
Revenue grew 2.1% a year on average over the last five fiscal years, from $4.6 billion to $5.1 billion.
What are Fortive's earnings per share?
Fortive earned $3.01 per diluted share in fiscal 2025, compared with $3.90 a year earlier.
When will Fortive report its next earnings?
Fortive is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Fortive's fiscal year end?
Fortive's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.