Fortive Corp (FTV)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 832,900 | 865,800 | 755,200 | 608,400 | 1,613,300 |
| Revenue | US$ in thousands | 6,256,100 | 5,923,600 | 5,709,200 | 5,059,600 | 4,504,200 |
| Net profit margin | 13.31% | 14.62% | 13.23% | 12.02% | 35.82% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $832,900K ÷ $6,256,100K
= 13.31%
The net profit margin for Fortive Corp has shown fluctuations over the past five years. As of December 31, 2020, the net profit margin stood at a robust 35.82%, indicating that the company was efficient in generating profit relative to its revenue. However, there was a significant decrease to 12.02% by December 31, 2021, possibly due to changes in cost structures or revenue growth.
Subsequently, there was a slight improvement in the net profit margin to 13.23% by December 31, 2022, followed by a further increase to 14.62% by December 31, 2023. This suggests that Fortive Corp may have implemented strategies to enhance profitability during these periods.
However, by the end of December 31, 2024, the net profit margin declined to 13.31%. While still above the level recorded in 2021, this decrease could indicate challenges in maintaining or further improving profitability efficiency.
In conclusion, Fortive Corp's net profit margin has displayed a mix of fluctuations and slight improvements over the five-year period, highlighting the company's ability to adapt to changing market conditions and operational challenges.
Peer comparison
Dec 31, 2024