Fortive reported $843M of remaining performance obligations at 2 Oct 2026, up 4% from a year earlier and up 2% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.02.
Net new backlog added in the latest quarter: $18.4M.
Over the last twelve months it turned about 531% of its opening backlog into revenue (12-month conversion).
The company reports 75% of the backlog due within the first 24 months.
Customer prepayments (contract liabilities) cover 56.0% of the backlog.
Twelve-month book-to-bill: 1.01, i.e. 1.01 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -3 points — revenue is catching up with orders.
By backlog size it ranks 253rd among US filers the cockpit tracks.
Fortive backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
2 Oct 2026
$843M
$4.40B
0.2 yrs
$473M
3 Jul 2026
$825M
$4.32B
0.2 yrs
$477M
3 Apr 2026
$840M
$4.24B
0.2 yrs
$472M
31 Dec 2025
$841M
$4.16B
0.2 yrs
$464M
26 Sep 2025
$811M
$4.11B
0.2 yrs
$436M
27 Jun 2025
$813M
$4.09B
0.2 yrs
$628M
28 Mar 2025
$783M
$4.09B
0.2 yrs
$619M
31 Dec 2024
$762M
$4.08B
0.2 yrs
$433M
27 Sep 2024
$728M
n/a
n/a
$560M
28 Jun 2024
$705M
n/a
n/a
$564M
29 Mar 2024
$712M
n/a
n/a
$586M
31 Dec 2023
$723M
$3.91B
0.2 yrs
$590M
Questions
What is Fortive's backlog?
Fortive reported $843M of remaining performance obligations at 2 Oct 2026, up 4% from a year earlier and up 2% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.02.
How fast does Fortive's backlog turn into revenue?
Over the last twelve months Fortive recognised revenue equal to about 531% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.