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Fortive FTV Interest coverage

Interest coverage at other companies

Dover logo
DoverDOV
12.4×+2.2×
Honeywell International logo
Honeywell InternationalHON
4.5×-1.9×
Ametek logo
AmetekAME
23.7×+4.9×
Teledyne Technologies logo
Teledyne TechnologiesTDY
21.7×+5.5×
Keysight Technologies logo
Keysight TechnologiesKEYS
10.1×-0.2×
STERIS logo
STERISSTE
18.1×+8.1×

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$18.5B-31.7%
Enterprise value$21.72B-27.8%
P/E34×+0.1×
P/S4.4×-2.3×

Profitability

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Gross margin57.3%-0.7pp
Operating margin17.6%-0.3pp
Net margin12.8%-6.7pp

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

Calculated from Fortive’s reported figures.

Based on trailing twelve months.

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 interest coverage?
Fortive (FTV) reported interest coverage of 6.2× in Q1 2026.
How has Fortive's interest coverage changed year-over-year?
Fortive's interest coverage increased by 19.6% year-over-year, from 5.2× to 6.2×.
What is the long-term trend for Fortive's interest coverage?
Over 2 years (2021 to 2025), Fortive's interest coverage has grown at a -5.7% compound annual growth rate (CAGR), from 25.1× to 22.3×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.