Fortive Corp (FTV)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 969,600 | 990,800 | 873,500 | 671,700 | 1,668,800 |
| Revenue | US$ in thousands | 6,256,100 | 5,923,600 | 5,709,200 | 5,059,600 | 4,504,200 |
| Pretax margin | 15.50% | 16.73% | 15.30% | 13.28% | 37.05% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $969,600K ÷ $6,256,100K
= 15.50%
The pretax margin for Fortive Corp has exhibited fluctuations over the five-year period from December 31, 2020, to December 31, 2024. Starting at a strong 37.05% in 2020, the pretax margin decreased significantly to 13.28% in 2021, indicating a substantial decline in profitability before accounting for taxes. However, there was a noticeable recovery in the following years, with the pretax margin improving to 15.30% in 2022, 16.73% in 2023, and then slightly receding to 15.50% by the end of 2024.
These fluctuations suggest that Fortive Corp experienced challenges or made strategic shifts impacting its operational efficiency and profitability during this period. It is essential for stakeholders to further investigate the factors driving these changes in pretax margin to assess the company's financial performance and prospects accurately.
Peer comparison
Dec 31, 2024