Fortive Corp (FTV)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	969,600	972,400	997,300	1,019,000	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
Revenue (ttm)	US$ in thousands	6,212,100	6,142,000	6,072,100	6,038,600	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
Pretax margin		15.61%	15.83%	16.42%	16.87%	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%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $969,600K ÷ $6,212,100K
= 15.61%

The pretax margin of Fortive Corp has shown fluctuations over the analyzed period. It recorded a notable increase from March 31, 2021 to December 31, 2021, reaching a peak of 33.18% in September 30, 2021, indicating efficient cost management or revenue growth strategies during that time frame. However, the pretax margin declined in the subsequent quarters, with a significant drop to 12.78% by December 31, 2021.

From the start of 2022 through the third quarter of 2024, the pretax margin has generally stabilized within a range of 13.64% to 16.87%, with minor fluctuations. The company seems to have adjusted its operational efficiency during this period to maintain profitability despite the variability in the pretax margin.

It is important for stakeholders to further investigate the factors driving these fluctuations in the pretax margin to understand the underlying performance and sustainability of Fortive Corp's profitability.