Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,634 | $5,255 | $5,826 | $6,065 | $6,232 |
| Gross Profit | $2,609 | $3,007 | $3,363 | $3,594 | $3,731 |
| Operating Income | $539 | $813 | $987 | $1,134 | $1,207 |
| Net Income | $1,613 | $608 | $755 | $866 | $833 |
Over the five-year period, Fortive Corporation’s fundamental revenue and profit metrics show an overall upward trajectory, despite one notable anomaly. Revenue increased steadily from US$4.63 billion in 2020 to US$6.23 billion in 2024—a compounded growth that reflects a consistent expansion in market scope or product/service uptake. Gross profit followed a similar trend, rising from US$2.61 billion in 2020 to US$3.73 billion in 2024, indicating maintained or improved cost efficiencies. Operating income grew from US$539 million to US$1.21 billion over the period, demonstrating an enhancement in operational performance and suggesting that the company has been successful in leveraging its revenue into more efficient operations. A significant year-over-year swing appears in net income: the 2020 figure of US$1.61 billion–which notably exceeds subsequent years–drops sharply to US$608 million in 2021, a decline well over 60% that stands out from the more gradual increases observed from 2021 onward (US$608 million in 2021, US$755 million in 2022, US$866 million in 2023, and US$833 million in 2024). This substantial dip may reflect non-recurring items or extraordinary gains influencing the 2020 results, as subsequent net income margins range from about 11.6% to 14.3%. Overall, Fortive’s financial performance suggests sustainable growth in revenue and operating efficiency. Despite the net income irregularity, the progressive expansion in core metrics underscores a resilient business model, consistent with industry trends in diversified technology and industrial instrumentation sectors.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.