Fortive Corp (FTV)

Operating 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
Operating income (ttm)	US$ in thousands	1,133,700	1,113,700	1,074,500	1,015,500	987,400	898,100	848,500	827,500	812,800	795,100	730,300	621,600	539,400	495,400	454,300	447,300	443,900	598,500	783,700	1,012,500
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
Operating profit margin		19.14%	18.99%	18.43%	17.57%	17.29%	16.02%	15.50%	15.46%	15.47%	15.28%	12.67%	10.41%	8.45%	7.02%	6.44%	6.09%	6.13%	9.56%	12.55%	16.12%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,133,700K ÷ $5,923,600K
= 19.14%

The operating profit margin of Fortive Corp has shown a consistent improvement over the past eight quarters, indicating effective cost management and operational efficiency. The trend shows a gradual increase from 15.40% in Q1 2022 to 18.69% in Q4 2023. This steady growth in operating profit margin reflects the company's ability to generate more profit from its operations for every dollar of sales. It suggests that Fortive Corp is becoming more efficient in controlling its operating expenses and increasing profitability over time. This positive trend could be a result of strategic initiatives, improved productivity, or effective management of resources within the company.