Fortive Corporation (FTV) Income Statement Analysis

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Complete financial analysis of Fortive Corporation (FTV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Fortive Corporation, a leading company in the Hardware, Equipment & Parts industry within the Technology sector.

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Fortive Corporation (FTV)

Industry: Hardware, Equipment & Parts

Sector: Technology

Website: https://www.fortive.com

About Fortive Corporation

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others. It markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The company's Precision Technologies segment provides electrical test and measurement instruments and services; energetic material devices; and sensor and control system solutions for power and energy, medical equipment, food and beverage, aerospace and defense, off-highway vehicles, electronics, semiconductors, and other general industrial markets. This segment markets its products under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands. Its Advanced Healthcare Solutions segment offers hardware and software products and services, including instrument and device reprocessing, instrument tracking, biomedical test tools, radiation safety monitoring, and asset management services; subscription-based surgical inventory management systems to facilitate inventory management and regulatory compliance, as well as technical, analytical, and compliance services to determine radiation exposure services under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, RAYSAFE, and STERRAD brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	6.07B	5.83B	5.25B	4.63B	7.32B	6.45B	6.66B	6.22B	6.18B	6.34B	5.96B	5.79B
Cost of Revenue	2.47B	2.46B	2.25B	2.03B	3.64B	3.13B	3.36B	3.19B	3.18B	3.29B	3.10B	3.02B
Gross Profit	3.59B	3.36B	3.01B	2.61B	3.68B	3.32B	3.30B	3.03B	3.00B	3.05B	2.86B	2.76B
Gross Profit Ratio	59.26%	57.73%	57.23%	56.29%	50.28%	51.47%	49.56%	48.73%	48.48%	48.12%	48.04%	47.76%
Research & Development	397.80M	401.50M	354.80M	320.70M	456.70M	414.30M	406.00M	384.80M	377.70M	387.60M	378.30M	352.70M
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	2.06B	1.96B	1.84B	1.75B	2.22B	1.73B	1.54B	1.40B	1.35B	1.42B	1.34B	1.28B
Other Expenses	0.00	-15.60M	-14.10M	-2.40M	-6.20M	-3.00M	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	2.46B	2.36B	2.19B	2.07B	2.68B	2.14B	1.94B	1.79B	1.73B	1.80B	1.72B	1.64B
Cost & Expenses	4.93B	4.82B	4.44B	4.10B	6.32B	5.27B	5.30B	4.98B	4.91B	5.09B	4.82B	4.66B
Interest Income	0.00	98.30M	103.20M	148.50M	142.60M	0.00	0.00	2.60M	0.00	0.00	0.00	0.00
Interest Expense	123.50M	98.30M	103.20M	148.50M	142.60M	97.00M	86.00M	49.00M	0.00	0.00	0.00	0.00
Depreciation & Amortization	456.80M	465.60M	395.50M	384.00M	341.50M	260.80M	158.30M	176.40M	176.90M	178.00M	159.70M	145.00M
EBITDA	1.57B	1.47B	1.21B	947.80M	936.10M	1.44B	1.30B	1.42B	1.45B	1.39B	1.30B	1.27B
EBITDA Ratio	25.90%	24.98%	23.34%	19.87%	18.98%	22.26%	22.97%	22.85%	23.41%	21.92%	21.85%	22.00%
Operating Income	1.13B	987.40M	812.80M	539.40M	1.00B	1.18B	1.35B	1.25B	1.27B	1.25B	1.14B	1.13B
Operating Income Ratio	18.69%	16.95%	15.47%	11.64%	13.72%	18.26%	20.36%	20.02%	20.55%	19.65%	19.18%	19.49%
Total Other Income/Expenses	-142.90M	-113.90M	-135.30M	968.30M	-107.20M	-100.00M	141.20M	135.30M	0.00	33.90M	0.00	-42.60M
Income Before Tax	990.80M	873.50M	677.50M	1.51B	874.50M	1.08B	1.28B	1.20B	1.27B	1.28B	1.14B	1.13B
Income Before Tax Ratio	16.34%	14.99%	12.89%	32.53%	11.95%	16.71%	19.29%	19.23%	20.55%	20.19%	19.18%	19.49%
Income Tax Expense	125.00M	118.30M	63.30M	55.50M	149.10M	160.10M	239.70M	324.70M	405.90M	395.80M	312.30M	364.10M
Net Income	865.80M	755.20M	608.40M	1.61B	738.90M	2.91B	1.04B	872.30M	863.80M	883.40M	830.90M	763.70M
Net Income Ratio	14.27%	12.96%	11.58%	34.81%	10.09%	45.16%	15.69%	14.01%	13.98%	13.94%	13.94%	13.20%
EPS	2.46	2.12	1.64	4.58	2.20	8.43	3.01	2.52	2.50	2.56	2.41	2.21
EPS Diluted	2.43	2.09	1.63	4.30	2.17	8.31	2.96	2.51	2.50	2.56	2.41	2.21
Weighted Avg Shares Out	352.50M	356.40M	349.00M	337.40M	335.80M	345.50M	347.50M	345.70M	345.20M	345.20M	345.20M	345.20M
Weighted Avg Shares Out (Dil)	355.60M	360.80M	352.30M	359.00M	340.00M	350.70M	352.60M	347.30M	345.20M	345.20M	345.20M	345.20M

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