Fortive Corporation
IndustrialsNYSE:FTV · New York Stock Exchange
+$0.56 today
Vol 0.93M · Avg 3.20M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$4.7B of revenue converted into $543.7M of net income for the selected period. Gross margin is 62.1% and net margin is 11.4%, showing how much revenue survives after costs and taxes. EPS is $1.68, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.1B -17.5% | $6.2B +2.7% | $6.1B +4.1% | $5.8B +10.9% | $5.3B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $2.0B -19.7% | $2.5B +1.2% | $2.5B +0.4% | $2.5B +9.7% | $2.2B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $3.1B -16.0% | $3.7B +3.8% | $3.6B +6.9% | $3.4B +11.7% | $3.0B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 61.0% +1.1pp | 59.9% +0.6pp | 59.3% +1.5pp | 57.7% +0.5pp | 57.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $342.3M -17.3% | $414.0M +4.1% | $397.8M -0.9% | $401.5M +13.2% | $354.8M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.9B -12.0% | $2.1B +3.8% | $2.1B +5.4% | $2.0B +7.3% | $1.8B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $2.2B -12.9% | $2.6B +3.8% | $2.5B +4.3% | $2.4B +8.2% | $2.2B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $326.0M -40.1% | $543.9M +19.1% | $456.8M -1.9% | $465.6M +17.7% | $395.5M | $374.2M | $1.2B | $631.8M |
| EBITDA | $1.2B -28.0% | $1.7B +6.1% | $1.6B +9.3% | $1.4B +22.2% | $1.2B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 23.3% -3.4pp | 26.7% +0.8pp | 25.9% +1.2pp | 24.7% +2.3pp | 22.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $908.9M -22.8% | $1.2B +3.8% | $1.1B +12.8% | $1.0B +20.9% | $831.5M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 17.7% -1.2pp | 18.9% +0.2pp | 18.7% +1.4pp | 17.3% +1.4pp | 15.8% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $120.5M -21.1% | $152.8M +23.7% | $123.5M +25.6% | $98.3M -4.7% | $103.2M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$155.0M +25.2% | -$207.1M -44.9% | -$142.9M -8.4% | -$131.8M +14.4% | -$154.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $753.9M -22.2% | $969.6M -2.1% | $990.8M +13.4% | $873.5M +28.9% | $677.5M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 14.7% -0.9pp | 15.6% -0.8pp | 16.3% +1.3pp | 15.0% +2.1pp | 12.9% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $112.7M -17.6% | $136.7M +9.4% | $125.0M +5.7% | $118.3M +86.9% | $63.3M | $1.3B | -$1.6B | $745.2M |
| Net Income | $579.2M -30.5% | $832.9M -3.8% | $865.8M +14.6% | $755.2M +24.1% | $608.4M | $4.9B | $4.8B | $4.7B |
| Net Margin | 11.3% -2.1pp | 13.4% -0.9pp | 14.3% +1.3pp | 13.0% +1.4pp | 11.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 -26.8% | $2 -2.8% | $2 +16.0% | $2 +29.3% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 -26.3% | $2 -2.9% | $2 +16.3% | $2 +28.2% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $316.4M -9.4% | $349.2M -0.9% | $352.5M -1.1% | $356.4M +2.1% | $349.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $319.4M -9.5% | $352.8M -0.8% | $355.6M -1.4% | $360.8M +2.4% | $352.3M | $1.2B | $924.4M | $678.0M |
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How much revenue does FTV generate?
Fortive Corporation (FTV) reported $5.14B of revenue in fiscal 2025.
Is FTV profitable?
Fortive Corporation (FTV) reported $579.20M of net income, with a net margin of 11.3%.
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