Fortive (FTV) FY2024 results: revenue $4.1 billion, up 4.3% on the year
Fortive Corp. (FTV) reported revenue of $4.1 billion for fiscal 2024, the year ended 31 December 2024, up 4.3% on the year before. Net income was $833 million, down 3.8%, and diluted earnings per share $2.36. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$4.1 billion
+4.3% on the year
FY2017FY2024
Operating margin
17.6%
14.7% a year earlier
FY2017FY2024
Net income
$833 million
-3.8% on the year
FY2017FY2024
Diluted EPS
$2.36
-2.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,527
1,354
1,303
+12.8%
Capital expenditure
86.1
78.6
95.8
+9.5%
Free cash flow
1,441
1,275
1,207
+13.0%
Free cash flow margin
35.3%
32.6%
20.7%
Cash from investing
-1,796
-195
-102
Cash from financing
-793
32.3
-1,273
Depreciation and amortisation
431
426
466
+1.1%
Share-based compensation
90.1
94.5
93.8
-4.7%
Buybacks
890
273
443
+226.0%
Dividends paid
111
102
99.5
+9.0%
Dividend per share
n/a
$0.29
$0.28
Diluted shares, weighted
353m
356m
361m
-0.8%
Shares outstanding at period end
341m
351m
353m
-2.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,189
10,319
9,683
-1.3%
Non-controlling interest
7.0
6.4
5.2
+9.4%
Debt
3,707
3,646
3,251
+1.7%
Operating lease liabilities
73.1
126
131
-42.1%
Other liabilities
3,040
2,814
2,820
+8.0%
Total liabilities and equity
17,016
16,912
15,891
+0.6%
Fixed assets
233
440
422
-47.0%
Goodwill
7,216
7,265
9,048
-0.7%
Intangible assets
2,530
3,160
3,487
-19.9%
Cash and equivalents
813
1,889
709
-56.9%
Receivables
661
961
958
-31.2%
Inventory
270
537
537
-49.7%
Other assets
5,292
2,660
728
+98.9%
Total assets
17,016
16,912
15,891
+0.6%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.