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Fortive (FTV) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Fortive (FTV) Q3 2026 earnings results →

Q3 2026 Revenue up 8% year over year to $1.1B · 16¢ of every $1 of revenue kept as net profit · operating margin 21.3%

Fortive made $1.1B in Q3 2026 (+8% Y/Y): Products and software $885M, Services $223M. Operating margin 21.3%, net earnings $172M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$1.1B
Year over year+8%
Operating margin21.3%
Net earnings$172M
Operating cash flow$313M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.1B in Q3 2026, up 8% year over year and up 1% from the previous quarter. Products and software was the largest line at 80% of revenue. Products and software added $0.07B year over year (up 9%), 87% of the total change.

Gross margin was 64.2%, up 1.0 points from Q3 2025. Operating profit was $0.24B, a 21.3% margin (up 5.8 points year over year). Of the extra revenue versus Q3 2025, 95% reached operating profit, above the 16% margin then. Operating expenses fell 3% while revenue rose 8%. The fastest-growing cost line was Research & development (+10%). Net earnings were $0.17B, up 214% year over year. The effective tax rate was 14.7%.

Operating cash flow was $0.31B (up 91% year over year), 182% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.03B left free cash flow of $0.28B.

Quarterly history

Fortive revenue by quarterFortive revenue by quarter$1.5BQ1 2025$1.5BQ2 2025$1.0BQ3 2025$1.1BQ4 2025$1.1BQ1 2026$1.1BQ2 2026$1.1BQ3 2026
Fortive net earnings by quarterFortive net earnings by quarter$172MQ1 2025$167MQ2 2025$55.0MQ3 2025$186MQ4 2025$136MQ1 2026$157MQ2 2026$172MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$1.1B+8%21.3%$172M$313M
Q2 202610-QJul 29, 2026$1.1B+8%19.1%$157M$286M
Q1 202610-QApr 30, 2026$1.1B+8%17.9%$136M$235M
Q4 202510-KFeb 25, 2026$1.1B+5%20.1%$186M$366M
Q3 202510-QOct 29, 2025$1.0B+2%15.5%$55.0M$164M
Q2 202510-QJul 30, 2025$1.5B-2%14.6%$167M$311M
Q1 202510-QMay 1, 2025$1.5B-3%15.8%$172M$242M

Charts

Fortive: revenue growth, year over year and quarter over quarterFortive: revenue growth, year over year and quarter over quarterY/YQ/Q-3%Q1 2025-2%+3%Q2 2025+2%-32%Q3 2025+5%+9%Q4 2025+8%-5%Q1 2026+8%+3%Q2 2026+8%+1%Q3 2026
Latest (Q3 2026): Y/Y +8%, Q/Q +1%.
Fortive: where the cash came from (+) and went (−), TTM to Q3 2026Fortive: where the cash came from (+) and went (−), TTM to Q3 2026Buybacks−$1.3BOperating cash flow$1.2BNet borrowing (+) / repaid (−)$246MCapital spending−$115MAcquisitions−$83.8MDividends−$76.1MCash drawn (+) / kept (−)$53.5MOther financing$31.5MExchange rates$8.7MOther investing$7.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Fortive: profit against cash, quarter by quarterFortive: profit against cash, quarter by quarterNet incomeOperating cash flow$209M$502MQ4 2024$172M$242MQ1 2025$167M$311MQ2 2025$55.0M$164MQ3 2025$186M$366MQ4 2025$136M$235MQ1 2026$157M$286MQ2 2026$172M$313MQ3 2026
Latest (Q3 2026): Net income $172M, Operating cash flow $313M.
Fortive: diluted shares by fiscal yearFortive: diluted shares by fiscal year359MFY2020352MFY2021361MFY2022356MFY2023353MFY2024335MFY2025
-6.8% since FY2020: buybacks shrank the count.
Fortive: long-term debt falling due (FY2025)Fortive: long-term debt falling due (FY2025)$1.2B2026$822M2029$550MLater
Cash $376M, short-term investments —, long-term debt $3.2B at 2025-12-31.
Fortive in its industry: growth against margin (17 companies, SIC 3823)Fortive in its industry: growth against margin (17 companies, SIC 3823)revenue growth, year over year →↑ operating marginmedian +8%median 18%DHRAMEROPKEYSMKSISTRALCGNXMLABHURCSYPRSENSINISFCUVCLIRQURTFTV (+8%, 21%)
Industrial Instruments For Measurement, Display, and Control; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Fortive

Fortive Corporation innovates essential technologies to keep our world safe and productive. Our strategic segments - Intelligent Operating Solutions and Advanced Healthcare Solutions - include iconic inventor brands with leading positions in their markets. Our businesses design, develop, manufacture, and market products, software, and services, building upon leading brand names, innovative technologies, and strong market positions. We are headquartered in Everett, Washington and have a workforce of more than 10,000 research and development, manufacturing, sales, distribution, service, and administrative professionals in approximately 50 countries around the world.

In its own words, from its 10-K, filed Feb 25, 2026.

Fortive against its Industrial Instruments For Measurement, Display, and Control peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +13%. Operating margin: 21.3% against the peers' median 23.1%.

CompanyQuarterRevenueY/YOp. margin
FTV FortiveQ3 2026$1.1B+8%21.3%
DHR DanaherQ3 2026$6.6B+8%19.0%
AME AmetekQ3 2026$2.2B+17%26.3%
ROP Roper TechnologiesQ3 2026$2.2B+8%28.7%
KEYS Keysight TechnologiesQ3 FY26$1.8B+36%25.0%
MKSI MKSQ3 2026$1.4B+43%23.1%
ST Sensata Technologies HoldingQ3 2026$1.0B+8%17.5%
RAL RalliantQ3 2026$620M+17%18.9%
CGNX CognexQ3 2026$313M+13%32.2%

Source: Fortive 10-Q on SEC EDGAR · CIK 1659166 · Industrial Instruments For Measurement, Display, and Control

Guidance and outlook

Fortive Revenue: guidance against what was reportedFortive Revenue: guidance against what was reportedguided rangereported (above / within / below)Q1 2024Q2 2024Q3 2024Q4 2024FY2024$6.2BQ1 2025$1.5BFY2025$4.2B
Met or beat 0 of 3 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Fortive: what its forward-looking statements are about (10-Q filed 2026-07-29)Fortive: what its forward-looking statements are about (10-Q filed 2026-07-29)Financing3Other2Demand2Costs2The economy1Supply chain1
11 statements; tone -0.18 (−1 all cautious, +1 all confident); 6 hedged.
Fortive: outlook statements against the filing beforeFortive: outlook statements against the filing beforeConfident2Cautious4

13F: who owns FTV and who is buying

Largest holders of FTV (13F)Largest holders of FTV (13F)Dodge & COX$2.7BVanguard Group$2.0BBlackRock$1.6BPrice T Rowe Associates$1.5BVanguard Capital Management LLC$1.2BViking Global Investors LP$1.2BState Street$833MVanguard Portfolio Management LLC$782MFlossbach von Storch SE$645MGeode Capital Management, LLC$557M
Funds' net buying of FTV by quarter (13F)Funds' net buying of FTV by quarter (13F)−$50.4M2024-09$466M2024-12$221M2025-03−$481M2025-06−$400M2025-09$389M2025-12−$146M2026-03$89.0M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on FTV

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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