Fortive Corp
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
For the fiscal year ended December 31, 2025
| OR | |
|---|---|
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| For the transition period from to | |
Commission File Number 1-37654
FORTIVE CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 47-5654583 |
|---|---|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. employeridentification number) |
| 6920 Seaway Blvd | |||
|---|---|---|---|
| Everett, | WA | 98203 | |
| (Address of principal executive offices) | (Zip code) | ||
Registrant’s telephone number, including area code: (425)446 - 5000
Securities Registered Pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbols | Name of each exchange on which registered |
|---|---|---|
| Common stock, par value $0.01 per share | FTV | New York Stock Exchange |
| 3.700% Notes due 2029 | FTV29 | New York Stock Exchange |
Securities registered pursuant to Section 12(g) of the Act:
NONE
(Title of Class)
Indicate by check mark if the registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act.
Yes x Noo
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yeso No x
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes x Noo
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x Noo
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | x | Accelerated filer | ¨ |
|---|---|---|---|
| Non-accelerated filer | ¨ | Smaller reporting company | ☐ |
| Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ý
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ Noý
As of February 20, 2026 there were 307,859,190 shares of Registrant’s common stock outstanding. The aggregate market value of common stock held by non-affiliates of the Registrant as of June 27, 2025 was $18.2 billion, based upon the closing price of the Registrant’s common stock on the New York Stock Exchange.
DOCUMENTS INCORPORATED BY REFERENCE
Part III incorporates certain information by reference from the Registrant’s proxy statement for its 2026 annual meeting of stockholders (the “2026 Proxy Statement”) to be filed pursuant to Regulation 14A within 120 days after Registrant’s fiscal year-end. With the exception of the sections of the 2026 Proxy Statement specifically incorporated herein by reference, the 2026 Proxy Statement is not deemed to be filed as part of this Form 10-K.
TABLE OF CONTENTS
| Page | |||
|---|---|---|---|
| Information Relating to Forward-looking Statements and Risk Factor Summary | 2 | ||
| Part I. | |||
| Item 1. | Business | 4 | |
| Item 1A. | Risk Factors | 11 | |
| Item 1B. | Unresolved Staff Comments | 23 | |
| Item 1C. | Cybersecurity | 23 | |
| Item 2. | Properties | 25 | |
| Item 3. | Legal Proceedings | 26 | |
| Item 4. | Mine Safety Disclosures | 26 | |
| Information about our Executive Officers | 26 | ||
| Part II. | |||
| Item 5. | Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 27 | |
| Item 6. | [Reserved] | 28 | |
| Item 7. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 28 | |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk | 42 | |
| Item 8. | Financial Statements and Supplementary Data | 43 | |
| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 86 | |
| Item 9A. | Controls and Procedures | 86 | |
| Item 9B. | Other Information | 86 | |
| Item 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 86 | |
| Part III. | |||
| Item 10. | Directors, Executive Officers and Corporate Governance | 86 | |
| Item 11. | Executive Compensation | 87 | |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 87 | |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence | 87 | |
| Item 14. | Principal Accountant Fees and Services | 87 | |
| Part IV. | |||
| Item 15. | Exhibits and Financial Schedules | 88 | |
| Signatures | |||
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