Fortive Corporation (FTV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.07B | 1.12B | 1.03B | 1.52B | 1.47B | 1.62B | 1.53B | 1.55B | 1.52B | 1.58B | 1.49B | 1.53B | 1.46B | 1.53B | 1.46B | 1.46B | 1.38B | 1.37B | 1.3B | 1.32B |
| Revenue Growth % | -27.46% | -30.72% | -33.07% | -2.16% | -3.3% | 2.31% | 2.68% | 1.7% | 4.37% | 3.52% | 2.64% | 4.31% | 6.12% | 11.28% | 11.91% | 10.88% | 9.32% | 3.77% | 12.17% | 26.7% |
| Cost of Goods Sold | 393.9M | 413.6M | 377.9M | 623.1M | 593.3M | 643.1M | 613.3M | 624.1M | 620.3M | 636.2M | 601.5M | 621M | 612.5M | 637.4M | 610.6M | 629.8M | 584.5M | 580.8M | 555.3M | 564.2M |
| COGS % of Revenue | 36.83% | 36.85% | 36.79% | 41.03% | 40.25% | 39.69% | 39.96% | 40.2% | 40.69% | 40.17% | 40.25% | 40.68% | 41.93% | 41.66% | 41.94% | 43.04% | 42.46% | 42.25% | 42.68% | 42.75% |
| Gross Profit | 675.5M | 708.9M | 649.2M | 895.7M | 880.9M | 977.2M | 921.3M | 928.3M | 904.2M | 947.5M | 893M | 905.4M | 848.2M | 892.5M | 845.4M | 833.5M | 792M | 794M | 745.7M | 755.5M |
| Gross Margin % | 63.17% | 63.15% | 63.21% | 58.97% | 59.75% | 60.31% | 60.04% | 59.8% | 59.31% | 59.83% | 59.75% | 59.32% | 58.07% | 58.34% | 58.06% | 56.96% | 57.54% | 57.75% | 57.32% | 57.25% |
| Gross Profit Growth % | -23.32% | -27.46% | -29.53% | -3.51% | -2.58% | 3.13% | 3.17% | 2.53% | 6.6% | 6.16% | 5.63% | 8.63% | 7.1% | 12.41% | 13.37% | 10.32% | 11.25% | 4.19% | 14.44% | 29.63% |
| Operating Expenses | 483.8M | 483.4M | 489.6M | 632.5M | 620.3M | 666.2M | 623.9M | 626.5M | 665.1M | 636.6M | 601.9M | 614.1M | 590.2M | 601M | 592.4M | 585M | 579.7M | 592.4M | 543.4M | 544.2M |
| OpEx % of Revenue | 45.24% | 43.06% | 47.67% | 41.64% | 42.08% | 41.12% | 40.66% | 40.36% | 43.63% | 40.2% | 40.27% | 40.23% | 40.41% | 39.28% | 40.69% | 39.98% | 42.11% | 43.09% | 41.77% | 41.24% |
| Selling, General & Admin | 417.3M | 417.4M | 427.6M | 523.3M | 515.2M | 559.1M | 522.2M | 525.4M | 561M | 537.4M | 503.5M | 514M | 490.1M | 499.8M | 491.3M | 484.9M | 480.6M | 499.4M | 455.6M | 456.4M |
| SG&A % of Revenue | 39.02% | 37.18% | 41.63% | 34.45% | 34.95% | 34.51% | 34.03% | 33.84% | 36.8% | 33.93% | 33.69% | 33.67% | 33.55% | 32.67% | 33.74% | 33.14% | 34.91% | 36.33% | 35.02% | 34.58% |
| Research & Development | 66.5M | 66M | 62M | 109.2M | 105.1M | 107.1M | 101.7M | 101.1M | 104.1M | 99.2M | 98.4M | 100.1M | 100.1M | 101.2M | 101.1M | 100.1M | 99.1M | 93M | 87.8M | 87.8M |
| R&D % of Revenue | 6.22% | 5.88% | 6.04% | 7.19% | 7.13% | 6.61% | 6.63% | 6.51% | 6.83% | 6.26% | 6.58% | 6.56% | 6.85% | 6.61% | 6.94% | 6.84% | 7.2% | 6.76% | 6.75% | 6.65% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 191.7M | 225.5M | 159.6M | 263.2M | 260.6M | 311M | 297.4M | 301.8M | 239.1M | 310.9M | 291.1M | 291.3M | 258M | 291.5M | 253M | 248.5M | 212.3M | 201.6M | 202.3M | 211.3M |
| Operating Margin % | 17.93% | 20.09% | 15.54% | 17.33% | 17.68% | 19.19% | 19.38% | 19.44% | 15.68% | 19.63% | 19.48% | 19.08% | 17.66% | 19.05% | 17.38% | 16.98% | 15.42% | 14.66% | 15.55% | 16.01% |
| Operating Income Growth % | -26.44% | -27.49% | -46.33% | -12.79% | 8.99% | 0.03% | 2.16% | 3.6% | -7.33% | 6.66% | 15.06% | 17.22% | 21.53% | 44.59% | 25.06% | 17.61% | 7.44% | -2.09% | 47.02% | 105.95% |
| EBITDA | 305.3M | 224.9M | 213.2M | 400.7M | 395.5M | 445.8M | 433.2M | 438.3M | 375.9M | 426.6M | 405.9M | 404.8M | 370.8M | 408.1M | 368M | 364.7M | 330.1M | 305.6M | 301.1M | 307M |
| EBITDA Margin % | 28.55% | 20.04% | 20.76% | 26.38% | 26.83% | 27.51% | 28.23% | 28.23% | 24.66% | 26.94% | 27.16% | 26.52% | 25.39% | 26.67% | 25.27% | 24.92% | 23.98% | 22.23% | 23.14% | 23.26% |
| EBITDA Growth % | -22.81% | -49.55% | -50.78% | -8.58% | 5.21% | 4.5% | 6.73% | 8.28% | 1.38% | 4.53% | 10.3% | 11% | 12.33% | 33.54% | 22.22% | 18.79% | 12.05% | 28.78% | 29.39% | 51.91% |
| D&A (Non-Cash Add-back) | 113.6M | 0 | 53.6M | 137.5M | 134.9M | 134.8M | 135.8M | 136.5M | 136.8M | 115.7M | 114.8M | 113.5M | 112.8M | 116.6M | 115M | 116.2M | 117.8M | 104M | 98.8M | 95.7M |
| EBIT | 191.7M | 224.9M | 160.4M | 224.1M | 233.4M | 307.8M | 269.2M | 267.4M | 278M | 306M | 286.9M | 283.5M | 237.9M | 289.1M | 243.9M | 229.2M | 209.6M | 200.9M | 200.7M | 232.7M |
| Net Interest Income | -31.6M | -31M | -25.4M | -32.1M | -32M | -33.1M | -37M | -38.7M | -44M | -28.5M | -29.8M | -33.1M | -32.1M | -32.1M | -26.4M | -21M | -18.8M | -25.2M | -25.1M | -25.2M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 31.6M | 31M | 25.4M | 32.1M | 32M | 33.1M | 37M | 38.7M | 44M | 28.5M | 29.8M | 33.1M | 32.1M | 32.1M | 26.4M | 21M | 18.8M | 25.2M | 25.1M | 25.2M |
| Other Income/Expense | -28.1M | -31.6M | -24.6M | -71.2M | -59.2M | -36.3M | -65.2M | -73.1M | -5.1M | -33.4M | -34M | -40.9M | -52.2M | -34.5M | -35.5M | -40.3M | -21.5M | -25.9M | -26.7M | -3.8M |
| Pretax Income | 163.6M | 193.9M | 135M | 192M | 201.4M | 274.7M | 232.2M | 228.7M | 234M | 277.5M | 257.1M | 250.4M | 205.8M | 257M | 217.5M | 208.2M | 190.8M | 175.7M | 175.6M | 207.5M |
| Pretax Margin % | 15.3% | 17.27% | 13.14% | 12.64% | 13.66% | 16.95% | 15.13% | 14.73% | 15.35% | 17.52% | 17.2% | 16.4% | 14.09% | 16.8% | 14.94% | 14.23% | 13.86% | 12.78% | 13.5% | 15.72% |
| Income Tax | 27.2M | 2.4M | 18M | 25.4M | 29.5M | 65.9M | 10.6M | 33.6M | 26.6M | 12.3M | 39.1M | 41.4M | 32.2M | 29.8M | 27.6M | 35.2M | 25.7M | 7.8M | 23M | 25.5M |
| Effective Tax Rate % | 16.63% | 1.24% | 13.33% | 13.23% | 14.65% | 23.99% | 4.57% | 14.69% | 11.37% | 4.43% | 15.21% | 16.53% | 15.65% | 11.6% | 12.69% | 16.91% | 13.47% | 4.44% | 13.1% | 12.29% |
| Net Income | 136.4M | 185.7M | 55M | 166.6M | 171.9M | 208.8M | 221.6M | 195.1M | 207.4M | 265.2M | 218M | 209M | 173.6M | 227.2M | 189.9M | 173M | 165.1M | 165M | 152.3M | 180.9M |
| Net Margin % | 12.75% | 16.54% | 5.35% | 10.97% | 11.66% | 12.89% | 14.44% | 12.57% | 13.6% | 16.75% | 14.59% | 13.69% | 11.88% | 14.85% | 13.04% | 11.82% | 11.99% | 12% | 11.71% | 13.71% |
| Net Income Growth % | -20.65% | -11.06% | -75.18% | -14.61% | -17.12% | -21.27% | 1.65% | -6.65% | 19.47% | 16.73% | 14.8% | 20.81% | 5.15% | 37.7% | 24.69% | -4.37% | 49.82% | -86.43% | -32.55% | 39.15% |
| Net Income (Continuing) | 136.4M | 191.5M | 117M | 166.6M | 171.9M | 208.8M | 221.6M | 195.1M | 207.4M | 265.2M | 218M | 209M | 173.6M | 227.2M | 189.9M | 173M | 165.1M | 167.9M | 152.6M | 182M |
| Discontinued Operations | 0 | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -300K | -1000K |
| Minority Interest | 8.3M | 7.7M | 7.6M | 7.1M | 6.9M | 7M | 6.6M | 6.5M | 6.4M | 6.4M | 5.8M | 6M | 5.8M | 5.2M | 4.9M | 5.1M | 5.3M | 4.8M | 4.8M | 4.7M |
| EPS (Diluted) | 0.44 | 0.58 | 0.17 | 0.49 | 0.50 | 0.60 | 0.63 | 0.55 | 0.58 | 0.75 | 0.61 | 0.59 | 0.49 | 0.64 | 0.53 | 0.48 | 0.45 | 0.45 | 0.42 | 0.48 |
| EPS Growth % | -12% | -3.33% | -73.02% | -10.91% | -13.79% | -20% | 3.28% | -6.78% | 18.37% | 17.19% | 15.09% | 22.92% | 8.89% | 42.22% | 26.19% | 0% | 66.67% | -86.65% | -31.15% | 45.45% |
| EPS (Basic) | 0.44 | 0.59 | 0.17 | 0.49 | 0.50 | 0.61 | 0.63 | 0.56 | 0.59 | 0.75 | 0.62 | 0.59 | 0.49 | 0.64 | 0.53 | 0.48 | 0.46 | 0.46 | 0.42 | 0.48 |
| Diluted Shares Outstanding | 312.8M | 319.4M | 333.4M | 341.7M | 344.6M | 348M | 352.3M | 354.8M | 356M | 354.5M | 356.1M | 355.5M | 356.5M | 356.7M | 357.9M | 359.8M | 368.4M | 362.9M | 362.2M | 342.4M |
| Basic Shares Outstanding | 309.6M | 316.4M | 330.8M | 339.6M | 341.1M | 344.5M | 349.2M | 351.3M | 351.7M | 351.3M | 352.1M | 353M | 354.29M | 353.8M | 355.2M | 357.4M | 359.3M | 359.3M | 358.9M | 339.4M |
| Dividend Payout Ratio | 13.49% | 10.12% | 34.91% | 16.21% | 15.82% | 13.07% | 12.55% | 14.35% | 13.55% | 10.6% | 11.28% | 11.77% | 14.23% | 10.87% | 13.06% | 14.39% | 15.2% | 15.21% | 16.55% | 13.1% |