Fortive Corp (FTV)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	990,800	873,500	671,700	1,668,800	807,500
Revenue	US$ in thousands	5,923,600	5,709,200	5,059,600	4,504,200	7,208,600
Pretax margin		16.73%	15.30%	13.28%	37.05%	11.20%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $990,800K ÷ $5,923,600K
= 16.73%

Fortive Corp's pretax margin has shown fluctuating trends over the past five years. In 2023, the pretax margin improved to 16.34% from 14.99% in 2022. This increase indicates a stronger ability to generate profits before accounting for taxes. However, in 2021, the pretax margin was lower at 12.89%, suggesting reduced profitability compared to the previous year. Notably, in 2020, the pretax margin was significantly higher at 32.53%, reflecting a peak in profitability. The pretax margin in 2019 stood at 11.95%, indicating a moderate level of profitability. Overall, the fluctuating pretax margin of Fortive Corp highlights variations in the company's financial performance over the years, impacted by factors such as revenue generation, cost management, and tax efficiency.