Fortive Corp (FTV)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	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	2,483,200	2,674,400	2,881,600	3,106,600
Revenue (ttm)	US$ in thousands	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	7,244,500	6,258,000	6,243,900	6,279,600
Gross profit margin		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%	34.28%	42.74%	46.15%	49.47%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,594,100K ÷ $5,923,600K
= 60.67%

Fortive Corp's gross profit margin has shown a consistent upward trend over the past eight quarters, indicating the company's ability to efficiently manage its production costs and generate profits from its core operations. The gradual increase in the gross profit margin from 57.47% in Q1 2022 to 59.26% in Q4 2023 reflects Fortive's improved cost control measures and pricing strategies. This suggests that the company has been able to increase its profitability by effectively managing its production and operating expenses while maintaining a healthy level of revenue generation. Overall, the sustained growth in Fortive's gross profit margin underscores its operational efficiency and financial strength in the market.