Fortive Corp (FTV)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	865,800	755,200	608,400	1,613,300	738,900
Revenue	US$ in thousands	5,923,600	5,709,200	5,059,600	4,504,200	7,208,600
Net profit margin		14.62%	13.23%	12.02%	35.82%	10.25%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $865,800K ÷ $5,923,600K
= 14.62%

Fortive Corp's net profit margin has shown fluctuations over the past five years. In 2019, the company had a net profit margin of 9.15%, which experienced a significant increase to 33.32% in 2020. However, there was a notable decline in 2021 to 10.92%, followed by a slight improvement in 2022 to 12.96%. The most recent data for 2023 reflects a further increase in net profit margin to 14.27%. This indicates that, despite some fluctuations, Fortive Corp has generally been able to maintain a positive net profit margin, with the most recent year showing a relatively stronger performance in terms of profitability.