Fortive Corp (FTV)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,731,000 | 3,594,100 | 3,363,400 | 3,007,100 | 2,608,500 |
| Revenue | US$ in thousands | 6,256,100 | 5,923,600 | 5,709,200 | 5,059,600 | 4,504,200 |
| Gross profit margin | 59.64% | 60.67% | 58.91% | 59.43% | 57.91% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,731,000K ÷ $6,256,100K
= 59.64%
Based on the data provided, Fortive Corp's gross profit margin has shown a generally positive trend over the past five years. The gross profit margin increased from 57.91% as of December 31, 2020, to 59.64% as of December 31, 2024.
The highest gross profit margin was recorded on December 31, 2023, at 60.67%, indicating that the company was able to effectively manage its direct costs of goods sold relative to its total revenue during that period.
Overall, the fluctuations in Fortive Corp's gross profit margin suggest that the company has been able to maintain healthy margins despite potential challenges in the market. The upward trend in the gross profit margin indicates improvements in operational efficiency and pricing strategies, which can positively impact the company's profitability and financial performance.
Peer comparison
Dec 31, 2024