Fortive Corp (FTV)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 865,800 | 755,200 | 608,400 | 1,613,300 | 738,900 |
| Total stockholders’ equity | US$ in thousands | 10,318,900 | 9,683,400 | 9,512,200 | 8,964,200 | 7,387,000 |
| ROE | 8.39% | 7.80% | 6.40% | 18.00% | 10.00% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $865,800K ÷ $10,318,900K
= 8.39%
Fortive Corp's return on equity (ROE) has fluctuated over the past five years. It started at 9.07% in 2019, decreased to 6.03% in 2021, and then rebounded to 8.39% in 2023. The ROE peaked at 17.23% in 2020. This indicates that Fortive Corp's ability to generate profit from its shareholders' equity has varied over the years, with a significant drop in 2021. The recent increase in ROE in 2023 suggests an improvement in the company's profitability relative to the previous year. Further analysis would be required to understand the factors driving these changes and to assess the overall financial performance of Fortive Corp.
Peer comparison
Dec 31, 2023