Fortive Corporation stock research
FY2026 Q1
Fortive (FTV) Gross Margin & Quarterly History
Explore Fortive Corporation (FTV) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Apr 3, 2026 · FY2026 Q1
Revenue was stable versus the prior quarter, while gross profit decreased and cost of revenue also decreased. Gross margin was unchanged compared to the prior quarter but weakened from the same quarter one year earlier.
- The most observable driver of gross margin was the reduction in cost of revenue, which declined in absolute terms while revenue held steady, helping to maintain the margin rate sequentially. However, compared to the same quarter last year, gross profit grew less than revenue, putting pressure on margin.
- Compared to the prior quarter, revenue was similar and cost of revenue decreased, leading to a lower gross profit but a stable gross margin. Versus the year-ago quarter, revenue was higher, gross profit was higher, but cost of revenue increased at a faster pace, resulting in a weaker gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
63.2%
Gross profit
$675.5M
Revenue
$1.1B
Cost of revenue
$393.9M
Quarter-over-quarter change
-293.7 pts
Year-over-year change
-1.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 28, 2025 | $993.1M | $637.5M | $355.6M | 64.2% |
| Jun 27, 2025 | $2.0B | $1.1B | $623.1M | 57.0% |
| Sep 26, 2025 | $43.6M | $155.6M | $377.9M | 356.9% |
| Apr 3, 2026 | $1.1B | $675.5M | $393.9M | 63.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 26, 2025
-293.7 pts
Year-over-year change
Mar 28, 2025
-1.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver of gross margin was the reduction in cost of revenue, which declined in absolute terms while revenue held steady, helping to maintain the margin rate sequentially. However, compared to the same quarter last year, gross profit grew less than revenue, putting pressure on margin.
Compared to the prior quarter, revenue was similar and cost of revenue decreased, leading to a lower gross profit but a stable gross margin. Versus the year-ago quarter, revenue was higher, gross profit was higher, but cost of revenue increased at a faster pace, resulting in a weaker gross margin.
Monitor the trajectory of cost of revenue as a percentage of revenue, given its slower decline relative to revenue growth on a year-over-year basis.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Fortive Corporation (FTV) | 63.2% |