What is Fortive's contract assets?

Fortive (FTV) reported contract assets of $149M in Q1 2026.

How has Fortive's contract assets changed year-over-year?

Fortive's contract assets increased by 12.0% year-over-year, from $133M to $149M.

What is the long-term trend for Fortive's contract assets?

Over 5 years (2020 to 2025), Fortive's contract assets has grown at a 21.9% compound annual growth rate (CAGR), from $56M to $151M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Fortive FTV Contract Assets

Contract Assets at other companies

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$50.96M+180%

SPX TechnologiesSPXC

$78.9M+110%

ESO

Energy Services of AmericaESOA

$26.77M+17.8%

Other financials

Income statement

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Revenue$1.1B+7.7%

Gross profit$675.5M+6.0%

Operating income$191.7M+16.0%

Net income$136.4M-20.7%

EPS (diluted)$0.44-12.0%

Balance sheet

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Cash & equivalents$356.1M-60.1%

Total debt$3.6B-11.1%

Total equity$6.1B-40.6%

Total assets$11.6B-32.4%

Cash flow

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Operating cash flow$234.8M-2.9%

CapEx$26.6M+26.1%

Free cash flow$208.2M-5.6%

Valuation

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Market cap$19B+9.0%

Enterprise value$22.22B+8.0%

P/E34.9×+12.3×

P/S4.5×+0.2×

Profitability

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Gross margin57.3%-0.7pp

Operating margin17.6%-0.3pp

Net margin12.8%-6.7pp

FCF margin22.8%-12.2pp

Returns & leverage

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Return on equity6.7%-1.0pp

Debt / equity0.6×+0.2×

Current ratio0.7×-0.3×

Where this comes from

Reported directly by Fortive in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Fortive’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortive's contract assets?: Fortive (FTV) reported contract assets of $149M in Q1 2026.
How has Fortive's contract assets changed year-over-year?: Fortive's contract assets increased by 12.0% year-over-year, from $133M to $149M.
What is the long-term trend for Fortive's contract assets?: Over 5 years (2020 to 2025), Fortive's contract assets has grown at a 21.9% compound annual growth rate (CAGR), from $56M to $151M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.