Fortive Corp (FTV)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,594,100 | 3,363,400 | 3,007,100 | 2,608,500 | 2,483,200 |
| Revenue | US$ in thousands | 5,923,600 | 5,709,200 | 5,059,600 | 4,504,200 | 7,208,600 |
| Gross profit margin | 60.67% | 58.91% | 59.43% | 57.91% | 34.45% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,594,100K ÷ $5,923,600K
= 60.67%
The gross profit margin of Fortive Corp has been showing a positive trend over the past five years, steadily increasing from 50.28% in 2019 to 59.26% in 2023. This indicates that the company has been effectively managing its production costs and generating higher revenues from its core business activities. The consistent improvement in gross profit margin suggests that Fortive Corp has been successful in enhancing its operational efficiency and maintaining a strong pricing strategy in the competitive market environment. Overall, the rising trend in the gross profit margin reflects positively on the company's profitability and operational performance over the years.
Peer comparison
Dec 31, 2023