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