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.
Peer comparison
Dec 31, 2023