Company file · FTV
Fortive
Fortive's revenue rose 1.9% in FY2025, to $4.2B, and net income fell 30.5% to $579M
Revenue rose 1.9% to $4.2B in FY2025, from $4.1B in FY2024. Net income fell 30.5% to $579M. Intelligent Operating Solutions was the largest segment, at 69% of revenue.
Key facts
Fortive (NYSE: FTV) reported revenue of $4.2B for fiscal 2025, the year ended Dec 31, 2025, up 1.9% from fiscal 2024. Net income was $579M, down 30.5%. In its latest 10-Q, for the quarter ended Oct 2, 2026, revenue was $1.1B, up 7.8% from the same quarter a year earlier, and net income was $172M. The largest piece by segment was Intelligent Operating Solutions, at 69% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 25, 2026) and 10-Q for the quarter ended Oct 2, 2026 (filed Oct 28, 2026).
Source: 10-K FY2025, filed Feb 25, 2026
Source: 10-Q filed Apr 30, 2026 · 10-Q filed Jul 29, 2026 · 10-Q filed Oct 28, 2026
How it makes money
By segment, FY2025
- LineAmountSharevs FY2024
- Intelligent Operating Solutions$2.9B69%+2.3%
- Advanced Healthcare Solutions$1.3B31%+1.2%
Source: 10-K FY2025, XBRL breakdown
By segment in FY2025: Intelligent Operating Solutions (69%) and Advanced Healthcare Solutions (31%), as shares of total revenue. Total revenue was $4.2B.
Source: 10-K FY2025
By product or service, FY2025
Share is of the FY2025 total; the last column is the change from FY2024.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q3 FY2026 (Jul to Sep 2026) compared with Q3 FY2025 (Jul to Sep 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q3 FY2026Q3 FY2025
Company
Source: Fortive 10-Q for the quarter ended Oct 2, 2026, filed Oct 28, 2026
By segment
Source: Fortive 10-Q for the quarter ended Oct 2, 2026, filed Oct 28, 2026
The bull case and the bear case
The bull case
- Revenue rose 1.9% in FY2025 to $4.2B, from $4.1B a year earlier. 10-K, FY2025
- Diluted shares fell 5.2% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025
- Total debt fell 13.5% in FY2025 to $3.2B. 10-K, FY2025
- Revenue in the quarter ended Oct 2, 2026 was $1.1B, up 7.8% on a year earlier. 10-Q, quarter ended Oct 2, 2026
The bear case
- Net income fell 30.5% in FY2025 to $579M, from $833M. 10-K, FY2025
- Operating cash flow fell 29.1% in FY2025 to $1.1B. 10-K, FY2025
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include economic cycles; costs and supply; trade and tariffs. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Fortive is in the industrial machinery & supplies & components industry, part of the industrials sector. The SEC files it under Industrial Instruments For Measurement, Display, And Control.
Fortive reports 2 segments: Intelligent Operating Solutions and Advanced Healthcare Solutions.
Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the industrial machinery & supplies & components industry. They are not a summary of Fortive’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Economic cyclesDemand for equipment and services rises and falls with business investment.
- Costs and supplyMaterial, labor and supplier problems can raise costs or delay delivery.
- Trade and tariffsTariffs and trade policy affect costs and sales.
- Contracts and backlogLarge projects and government contracts can be delayed, cut or repriced.
- Regulation and liabilitySafety, environmental and product-liability rules can raise costs.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $3.9B | $4.1B | $4.2B |
| Net income | $866M | $833M | $579M |
| Operating cash flow | $1.4B | $1.5B | $1.1B |
| Cash & equivalents (year end) | $1.9B | $813M | $376M |
| Total debt (year end) | $3.6B | $3.7B | $3.2B |
| Diluted shares | 356M | 353M | 335M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: The current part of long-term debt plus long-term debt, at carrying value.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Segment reporting
- Net debt and net cash
- Debt-to-equity ratio
- The cash flow statement
- Risk factors (Item 1A)
- Research and development (R&D)
- Spin-offs
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Oct 28, 2026 | Oct 2, 2026 |
| 10-Q | Jul 29, 2026 | Jul 3, 2026 |
| 10-Q | Apr 30, 2026 | Apr 3, 2026 |
| DEF 14A | Apr 29, 2026 | Apr 27, 2026 |
| 10-K | Feb 25, 2026 | Dec 31, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Fortive
How does Fortive make money?
Fortive's revenue was $4.2B in fiscal 2025. By segment in FY2025: Intelligent Operating Solutions (69%) and Advanced Healthcare Solutions (31%), as shares of total revenue. Total revenue was $4.2B. Source: 10-K for fiscal 2025, filed Feb 25, 2026.
What was Fortive's revenue in fiscal 2025?
$4.2B of revenue for the fiscal year ended Dec 31, 2025, up 1.9% from $4.1B in fiscal 2024. Fiscal 2023 was $3.9B. Source: 10-K for fiscal 2025, filed Feb 25, 2026.
Is Fortive profitable?
Fortive reported net income of $579M for fiscal 2025, down 30.5% from $833M in fiscal 2024. That is a profit under US accounting rules (GAAP). In the quarter ended Oct 2, 2026, net income was $172M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 25, 2026.
What did Fortive report in its latest quarterly filing?
Revenue was $1.1B in the quarter ended Oct 2, 2026, up 7.8% from $1.0B a year earlier. Net income was $172M, up 213.6% from $55M. Source: 10-Q for the quarter ended Oct 2, 2026, filed Oct 28, 2026.
How much cash and debt does Fortive have?
Fortive had $377M in cash and cash equivalents and $3.5B of total debt on Oct 2, 2026. Total debt here is the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Oct 28, 2026.
What are the main risks Fortive faces?
Fortive's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 25, 2026. Risks that are common among companies in the industrial machinery & supplies & components industry include Economic cycles; costs and supply; trade and tariffs; contracts and backlog; regulation and liability. The first: Demand for equipment and services rises and falls with business investment. Source: 10-K, Item 1A Risk Factors.
Where do these Fortive numbers come from?
From Fortive's own SEC filings: the 10-K for fiscal 2025 (filed Feb 25, 2026) and the 10-Q for the quarter ended Oct 2, 2026 (filed Oct 28, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Fortive
- Viking Global Investors: 19,934,762 shares, reported value $1.22B at Jun 30, 2026 (−11.3% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Two Sigma Investments: 3,209,327 shares, reported value $196.1M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Renaissance Technologies: 1,327,400 shares, reported value $81.1M at Jun 30, 2026 (+17.6% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
- Millennium Management: 326,986 shares, reported value $20.0M at Jun 30, 2026 (+33.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Citadel Advisors: 131,485 shares, reported value $8.0M at Jun 30, 2026 (−57.8% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in FTV
- The editor holds no position in Fortive (FTV). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell FTV from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold FTV, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| FortiveFTV | FY2025 | $4.2B | +1.9% | $579M |
| Parker HannifinPH | FY2026 | $21.5B | +8.3% | $3.6B |
| Illinois Tool WorksITW | FY2025 | $16.0B | +0.9% | $3.1B |
| W. W. GraingerGWW | FY2025 | $17.9B | +4.5% | $1.7B |
| Ingersoll RandIR | FY2025 | $7.7B | +5.7% | $581M |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.