Fortive Corp (FTV)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	990,800	970,300	930,700	888,500	873,500	789,300	747,100	745,300	671,700	1,727,000	1,790,800	1,726,600	1,668,800	616,900	612,700	674,100	807,500	2,686,400	2,740,500	2,881,100
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
Pretax margin		16.73%	16.54%	15.96%	15.37%	15.30%	14.08%	13.64%	13.92%	12.78%	33.18%	31.08%	28.92%	26.15%	8.74%	8.69%	9.18%	11.15%	42.93%	43.89%	45.88%

December 31, 2023 calculation

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

Fortive Corp's pretax margin has shown a positive trend over the past eight quarters, ranging from 13.60% in Q2 2022 to 16.34% in Q4 2023. This indicates that the company has been effectively managing its operating expenses relative to its revenue generation. The pretax margin reached its highest point in Q4 2023 at 16.34%, demonstrating improved profitability. This upward trend suggests that Fortive Corp has been successful in controlling costs and increasing efficiencies in its operations. Overall, the consistent increase in pretax margin reflects positively on the company's financial performance and management effectiveness.