Fortive Corporation stock research
FY2025 Q1
Fortive (FTV) Gross Margin — Quarter Ended Mar 28, 2025
Revenue and gross profit both decreased from the preceding quarter but increased compared to the same quarter one year earlier. The gross margin weakened slightly from the prior quarter but improved relative to the year-ago period, as cost of revenue declined more than revenue on a sequential basis.
Gross margin takeaway
Quarter ended Mar 28, 2025 · FY2025 Q1
Revenue and gross profit both decreased from the preceding quarter but increased compared to the same quarter one year earlier. The gross margin weakened slightly from the prior quarter but improved relative to the year-ago period, as cost of revenue declined more than revenue on a sequential basis.
- The gross margin improved year over year, driven by a lower cost of revenue relative to revenue in the current quarter compared to the year-ago period.
- Compared to the preceding quarter, revenue and gross profit were lower, and gross margin weakened slightly. Compared to the same quarter one year earlier, revenue and gross profit were higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
64.2%
Gross profit
$637.5M
Revenue
$993.1M
Cost of revenue
$355.6M
Quarter-over-quarter change
+196.6 pts
Year-over-year change
+0.3 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 29, 2024 | $984.2M | $628.5M | $620.3M | 63.9% |
| Jun 28, 2024 | $2.1B | $1.2B | $624.1M | 57.5% |
| Sep 27, 2024 | -$68.8M | $91.1M | $362.2M | -132.4% |
| Mar 28, 2025 | $993.1M | $637.5M | $355.6M | 64.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 27, 2024
+196.6 pts
Year-over-year change
Mar 29, 2024
+0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved year over year, driven by a lower cost of revenue relative to revenue in the current quarter compared to the year-ago period.
Compared to the preceding quarter, revenue and gross profit were lower, and gross margin weakened slightly. Compared to the same quarter one year earlier, revenue and gross profit were higher, and gross margin improved.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters to assess margin sustainability.