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Fortive FTV Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

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ZscalerZS
19.2×+12.3×
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0.1×-0.3×
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Morgan StanleyMS
-0.2×
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0.6×-1.3×
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American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$1.1B+7.9%
Gross profit$695.3M+7.7%
Operating income$209.9M+23.6%
Net income$157.3M-5.6%
EPS (diluted)$0.51+4.1%

Balance sheet

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Cash & equivalents$392.3M-78.6%
Total debt$3.6B-27.7%
Total equity$6.1B-41.6%
Total assets$11.6B-36.3%

Cash flow

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Operating cash flow$286.2M-8.0%
CapEx$28.1M-23.4%
Free cash flow$258.1M-6.0%

Valuation

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Market cap$17.88B+11.9%
Enterprise value$21.09B+10.3%
P/E33.5×+12.7×
P/S4.1×+0.7×

Profitability

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Gross margin63.2%+0.4pp
Operating margin18.2%0.0pp
Net margin12.4%-4.3pp
FCF margin22.1%-7.9pp

Returns & leverage

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Return on equity6.5%-0.9pp
Debt / equity0.6×+0.1×
Current ratio1.2×+0.3×

Where this comes from

Calculated from Fortive’s reported figures.

The source filing: Fortive’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 7:35 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001659166-26-000034

FAQ

What is Fortive's net debt?
Fortive (FTV) reported net debt of $3.21B in Q2 2026.
How has Fortive's net debt changed year-over-year?
Fortive's net debt increased by 1.9% year-over-year, from $3.14B to $3.21B.
What is the long-term trend for Fortive's net debt?
Over 5 years (2020 to 2025), Fortive's net debt has grown at a 2.4% compound annual growth rate (CAGR), from $2.61B to $2.93B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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