Fortive Corp (FTV)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,731,000 | 3,701,300 | 3,673,000 | 3,650,100 | 3,594,100 | 3,539,100 | 3,491,500 | 3,419,600 | 3,363,400 | 3,264,900 | 3,165,200 | 3,087,200 | 3,007,100 | 2,975,200 | 2,881,100 | 2,708,400 | 2,608,500 | 2,553,500 | 2,520,600 | 2,543,600 |
| Revenue (ttm) | US$ in thousands | 6,212,100 | 6,142,000 | 6,072,100 | 6,038,600 | 5,923,600 | 5,866,200 | 5,831,100 | 5,780,100 | 5,709,200 | 5,604,400 | 5,475,800 | 5,353,200 | 5,254,700 | 5,204,800 | 5,762,200 | 5,970,500 | 6,381,200 | 7,058,700 | 7,054,500 | 7,346,800 |
| Gross profit margin | 60.06% | 60.26% | 60.49% | 60.45% | 60.67% | 60.33% | 59.88% | 59.16% | 58.91% | 58.26% | 57.80% | 57.67% | 57.23% | 57.16% | 50.00% | 45.36% | 40.88% | 36.18% | 35.73% | 34.62% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,731,000K ÷ $6,212,100K
= 60.06%
Fortive Corp's gross profit margin has shown a consistent upward trend over the past few years, indicating improved efficiency in generating profits from its revenue. The margin has increased from 34.62% in March 2020 to 60.06% in December 2024. This suggests that the company has been able to effectively control its cost of goods sold relative to its sales, leading to higher profitability.
The gradual increase in gross profit margin reflects Fortive's ability to enhance its pricing strategy, optimize its production processes, and manage its supply chain effectively. This positive trend may be attributed to cost-saving initiatives, operational improvements, or successful product mix strategies implemented by the company.
Overall, the rising gross profit margin for Fortive Corp showcases the company's strong financial performance and operational efficiency, which could potentially lead to increased shareholder value and sustainable growth in the future.
Peer comparison
Dec 31, 2024