Fortive (FTV) Tax Rate (2015 - 2026)
Fortive (FTV) posted Tax Rate of 12.37% for Q3 2026, down 25.61% on a QoQ basis from 16.63% in Q2 2026, and down 769.0% year-over-year from 1.85% in Q3 2025.
Analysis
Fortive (FTV) Tax Rate (2015 - 2026) Analysis & Trends
Fortive has reported Tax Rate for 12 years, with the latest figure at 12.37% in Q3 2026.
- On a quarterly basis, Tax Rate fell 769.0% year-over-year to 12.37% in Q3 2026; TTM through Jul 2026 was 10.39%, a 440.0% increase from a year earlier, with the FY2025 full-year figure at 11.54%, up 684.0% from the prior year.
- Tax Rate was 12.37% for Q3 2026 at Fortive, down from 16.63% in the prior quarter.
- The five-year high for Tax Rate was 31.41% in Q4 2023, with the low at 7.21% in Q4 2024.
- Average Tax Rate over 5 years is 12.75%, with a median of 14.08% recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Tax Rate soared 1981 bps in 2023, then sank 3862 bps in 2024.
- Over 5 years, Tax Rate stood at 11.6% in 2022, then surged by 171 bps to 31.41% in 2023, then sank by 123 bps to 7.21% in 2024, then surged by 117 bps to 1.24% in 2025, then surged by 899 bps to 12.37% in 2026.
- The last three Tax Rate figures came in at 12.37% (Q3 2026), 16.63% (Q2 2026), and 1.24% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 85.28 Bn | 81.95 Bn | 2.68 Bn | 16.34% |
| 2 | Illinois Tool Works | 75.67 Bn | 74.83 Bn | 1.90 Bn | 24.54% |
| 3 | Ametek | 54.19 Bn | 53.69 Bn | 735.04 Mn | 17.36% |
| 4 | Rockwell Automation | 47.43 Bn | 46.95 Bn | 1.14 Bn | 13.19% |
| 5 | Mettler Toledo International | 26.01 Bn | 25.96 Bn | 650.22 Mn | 19.52% |
| 6 | Dover | 25.81 Bn | 24.05 Bn | 880.61 Mn | 19.38% |
| 7 | Nordson | 17.47 Bn | 17.36 Bn | 453.73 Mn | 17.80% |
| 8 | Fortive | 17.01 Bn | 16.64 Bn | 695.30 Mn | 12.37% |
| 9 | RBC Bearings | 15.36 Bn | 15.24 Bn | 247.80 Mn | 22.04% |
| 10 | Regal Rexnord | 10.69 Bn | 10.25 Bn | 611.60 Mn | 18.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 12.37% |
| Apr 3, 2026 | 16.63% |
| Dec 31, 2025 | 1.24% |
| Sep 26, 2025 | 13.33% |
| Jun 27, 2025 | 20.06% |
| Mar 28, 2025 | 15.78% |
| Dec 31, 2024 | -7.21% |
| Sep 27, 2024 | -2.20% |
| Jun 28, 2024 | 14.69% |
| Mar 29, 2024 | 11.37% |
| Dec 31, 2023 | 31.41% |
| Sep 29, 2023 | 15.21% |
| Jun 30, 2023 | 16.53% |
| Mar 31, 2023 | 15.65% |
| Dec 31, 2022 | 11.60% |
| Sep 30, 2022 | 12.69% |
| Jul 1, 2022 | 16.91% |
| Apr 1, 2022 | 13.47% |
| Dec 31, 2021 | 4.44% |
| Oct 1, 2021 | 13.10% |