Fortive reported solid execution in Q4 2025, exceeding guidance with strong adjusted EPS growth and continued share repurchases. The company is initiating FY2026 guidance with confidence in its accelerated strategy, focusing on profitable organic growth and disciplined capital allocation.
Q4 reported revenue growth of 4.6% and core revenue growth of 3.3%.
positiveFull Year 2025 GAAP diluted net EPS of $1.59 and adjusted diluted net EPS of $2.71, exceeding the high end of guidance range.
positiveExecuted an incremental $265 million of share repurchases in Q4, bringing total second half repurchases to ~$1.3 billion.
positiveInitiating FY 2026 Adjusted EPS guidance of $2.90 to $3.00.
positiveAdjusted EBITDA margin improved by 90 bps year-over-year in Q4 to 31.9%.
positiveFull Year 2025 Adjusted EBITDA margin improved by 110 bps year-over-year to 29.6%.
positiveGAAP Net Income from continuing operations decreased by 0.9% year-over-year in Q4.
attentionGAAP Net Income margin decreased by 90 bps year-over-year in Q4.
attentionAdvanced Healthcare Solutions segment operating margin decreased by 160 bps year-over-year in Q4.
attentionAdvanced Healthcare Solutions segment Adjusted EBITDA margin decreased by 150 bps year-over-year in Q4.
attentionFull Year 2025 Free Cash Flow decreased by 1.3% year-over-year.
attentionTotal current assets decreased significantly from $2.59B in FY2024 to $1.61B in FY2025, primarily due to a large decrease in 'Current assets, discontinued operations'.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total | CC |
|---|---|---|---|---|---|
Intelligent Operating Solutions | N/A | — | — | — | +4.1% |
Advanced Healthcare Solutions | N/A | — | — | — | +1.6% |
| Total Revenue | $0.00M | — | — | 100.0% | — |
Segment performance shows business unit health and growth drivers. Constant currency (CC) removes FX impact for like-for-like comparison.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Q4 represented another quarter of solid execution by our new Fortive team.
With the first two quarters of performance now behind us, and our 2026 strategic and financial plans firmly in place, our strong conviction in the road ahead continues to build.
In Q4, our team delivered results ahead of our expectations with ~3% core revenue growth, ~8% Adjusted EBITDA growth, and ~13% Adjusted EPS growth.
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