FTV FY 2024 Earnings Report — Fortive Corporation Revenue & Financial Results | Market Cap Arena

Fortive CorporationFTV

FY 2024 Earnings

Reported February 25, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$6.2B	—	$6.1B	—	2.7%
Op. Income	$1.2B	—	$1.1B	—	3.8%
Gross Margin	59.9%	—	59.3%	—	0.6pp
Net Margin	13.4%	—	14.3%	—	-0.9pp
EPS (Diluted)	$2.36	—	$2.43	—	-2.9%
Free Cash Flow	$1.4B	—	$1.2B	—	12.9%

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$2.5B
GROSS PROFIT	$3.7B
R&D Expenses	$414M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.6B
Cost & Expenses	$5.1B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$153M
Other Income/Expenses	-$207M
INCOME BEFORE TAX	$970M
Income Tax Expense	$137M
Net Income from Continuing Ops	$833M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$833M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$833M
D&A	$544M
EBIT	$1.1B
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$2.5B
GROSS PROFIT	$3.7B
R&D Expenses	$414M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.6B
Cost & Expenses	$5.1B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$153M
Other Income/Expenses	-$207M
INCOME BEFORE TAX	$970M
Income Tax Expense	$137M
Net Income from Continuing Ops	$833M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$833M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$833M
D&A	$544M
EBIT	$1.1B
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$833M
Depreciation & Amortization	$544M
Stock-Based Compensation	$109M
Deferred Income Tax	-$65M
Other Non-Cash Items	$2M
Change in Working Capital	$104M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$120M
Acquisitions (Net)	-$1.7B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$46M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$137M
Common Stock Repurchased	-$890M
Common Dividends Paid	-$111M
Other Financing Activities	$71M
NET CASH FROM FINANCING	-$793M
FREE CASH FLOW	$1.4B
Net Change in Cash	-$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$813M
Short-Term Investments	$0
Net Receivables	$945M
Inventory	$545M
Other Current Assets	$118M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$433M
Goodwill	$10.2B
Intangible Assets	$3.3B
Long-Term Investments	$59M
Tax Assets	$0
Other Non-Current Assets	$436M
TOTAL NON-CURRENT ASSETS	$14.4B
TOTAL ASSETS	$17.0B
Account Payables	$677M
Short-Term Debt	$376M
Deferred Revenue	$553M
Other Current Liabilities	$407M
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$3.3B
Deferred Revenue NC	$59M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$4.6B
TOTAL LIABILITIES	$6.8B
Common Stock	$4M
Additional Paid-In Capital	$4.0B
Retained Earnings	$8.2B
Treasury Stock	-$1.6B
Accum. Other Comp. Income	-$465M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.2B
Minority Interest	$7M
TOTAL EQUITY	$10.2B
TOTAL LIABILITIES & EQUITY	$17.0B
Total Debt	$3.9B
Net Debt	$3.1B