Fortive Corp (FTV)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,133,700 | 987,400 | 812,800 | 539,400 | 443,900 |
| Revenue | US$ in thousands | 5,923,600 | 5,709,200 | 5,059,600 | 4,504,200 | 7,208,600 |
| Operating profit margin | 19.14% | 17.29% | 16.06% | 11.98% | 6.16% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,133,700K ÷ $5,923,600K
= 19.14%
The operating profit margin for Fortive Corp has shown a generally increasing trend over the past five years, indicating improving operational efficiency and profitability. Starting at 13.72% in 2019, the margin dipped slightly in 2020 to 11.64% before rebounding significantly to 15.47% in 2021. The trend continued with further growth to 17.26% in 2022 and reaching 18.69% by the end of 2023. This progressive increase in operating profit margin suggests that Fortive Corp has been effectively managing its operating expenses relative to its revenue, resulting in a higher proportion of revenue translating into operating profits over the years.
Peer comparison
Dec 31, 2023