Fortive Corp (FTV)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 60.67% | 60.33% | 59.88% | 59.16% | 58.91% | 58.26% | 57.80% | 57.67% | 57.23% | 57.16% | 50.00% | 45.36% | 40.88% | 36.18% | 35.73% | 34.62% | 34.28% | 42.74% | 46.15% | 49.47% |
| 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% |
| 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% |
| Net profit margin | 14.62% | 14.11% | 13.71% | 13.21% | 13.23% | 12.37% | 11.97% | 12.39% | 11.58% | 31.87% | 30.07% | 28.17% | 25.28% | 8.37% | 8.11% | 8.39% | 10.20% | 42.48% | 43.19% | 44.86% |
Fortive Corp has shown consistent improvement in its profitability ratios throughout the quarters of 2022 and 2023. The gross profit margin has been steadily increasing over this period, indicating efficient cost management and pricing strategies. The operating profit margin has also shown a positive trend, reflecting effective management of operating expenses.
Furthermore, the pretax margin and net profit margin have both exhibited an upward trajectory, demonstrating strong overall financial performance and effective tax management. The company's ability to maintain and improve these profitability ratios suggests a healthy and well-managed business that is delivering value to its shareholders.
Return on investment
| 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 return on assets (Operating ROA) | 6.70% | 7.11% | 6.83% | 6.43% | 6.21% | 5.65% | 5.28% | 5.09% | 4.94% | 5.31% | 5.04% | 4.35% | 3.36% | 2.88% | 2.72% | 2.64% | 2.55% | 3.59% | 4.76% | 6.47% |
| Return on assets (ROA) | 5.12% | 5.28% | 5.08% | 4.83% | 4.75% | 4.36% | 4.08% | 4.08% | 3.69% | 11.08% | 11.95% | 11.78% | 10.05% | 3.43% | 3.42% | 3.64% | 4.24% | 15.96% | 16.37% | 17.99% |
| Return on total capital | 8.12% | 9.23% | 9.00% | 8.49% | 8.27% | 7.52% | 7.00% | 6.73% | 7.18% | 7.39% | 6.86% | 5.95% | 4.57% | 4.00% | 3.76% | 3.42% | 3.63% | 4.92% | 6.42% | 8.74% |
| Return on equity (ROE) | 8.39% | 8.21% | 8.02% | 7.74% | 7.80% | 7.38% | 6.94% | 6.94% | 6.40% | 17.80% | 18.82% | 18.67% | 18.00% | 7.69% | 7.73% | 8.51% | 10.00% | 37.17% | 38.46% | 41.12% |
Fortive Corp's profitability ratios show a positive trend in Q4 2023 compared to previous quarters. Operating return on assets (Operating ROA) increased from 6.33% in Q4 2022 to 6.70% in Q4 2023, indicating improved efficiency in generating profits from its assets. Return on assets (ROA) also exhibited growth, reaching 5.12% in Q4 2023, up from 4.75% in Q4 2022, reflecting the company's ability to generate earnings from its total assets.
Return on total capital increased from 7.77% in Q4 2022 to 8.12% in Q4 2023, suggesting that Fortive Corp is effectively utilizing its total capital to generate returns for its stakeholders. Return on equity (ROE) showed a slight increase from 7.80% in Q4 2022 to 8.39% in Q4 2023, demonstrating the company's capacity to deliver returns to its shareholders.
Overall, Fortive Corp's profitability ratios indicate a positive performance in Q4 2023, reflecting improved profitability and efficiency in utilizing assets and capital to generate returns.