Fortive Corp (FTV)

Net 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
Net income (ttm)	US$ in thousands	865,800	827,800	799,700	763,700	755,200	693,000	655,400	663,300	608,400	1,659,000	1,732,500	1,681,600	1,613,300	590,500	571,800	616,400	738,900	2,658,400	2,696,600	2,817,000
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
Net profit margin		14.62%	14.11%	13.71%	13.21%	13.23%	12.37%	11.97%	12.39%	11.58%	31.87%	30.07%	28.17%	25.28%	8.37%	8.11%	8.39%	10.20%	42.48%	43.19%	44.86%

December 31, 2023 calculation

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

Fortive Corp's net profit margin has shown a consistent upward trend over the past eight quarters, reflecting the company's ability to generate profit from its operations. Despite some fluctuations, the net profit margin has generally improved from 11.88% in Q2 2022 to 14.27% in Q4 2023. This indicates that Fortive has been effectively managing its expenses relative to its revenue, resulting in a higher percentage of revenue translating into net profit. The company's performance in this metric suggests efficient cost control and strong operational performance, contributing to its overall financial health and profitability.