Fortive Corporation stock research
FY2025 Q2
Fortive (FTV) Gross Margin — Quarter Ended Jun 27, 2025
Revenue increased compared to the prior quarter, while gross profit rose and cost of revenue also increased; gross margin declined. Year-over-year, revenue, gross profit, and gross margin were slightly lower, with cost of revenue nearly unchanged.
Gross margin takeaway
Quarter ended Jun 27, 2025 · FY2025 Q2
Revenue increased compared to the prior quarter, while gross profit rose and cost of revenue also increased; gross margin declined. Year-over-year, revenue, gross profit, and gross margin were slightly lower, with cost of revenue nearly unchanged.
- The decline in gross margin from the prior quarter was the most notable observable shift, driven by a larger relative increase in cost of revenue compared to the revenue increase.
- Gross margin weakened sequentially but remained near the year-ago level, indicating a return to a more typical margin after a notably high prior quarter.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
57.0%
Gross profit
$1.1B
Revenue
$2.0B
Cost of revenue
$623.1M
Quarter-over-quarter change
-7.2 pts
Year-over-year change
-0.6 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 |
|---|---|---|---|---|
| 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% |
| Jun 27, 2025 | $2.0B | $1.1B | $623.1M | 57.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 28, 2025
-7.2 pts
Year-over-year change
Jun 28, 2024
-0.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The decline in gross margin from the prior quarter was the most notable observable shift, driven by a larger relative increase in cost of revenue compared to the revenue increase.
Gross margin weakened sequentially but remained near the year-ago level, indicating a return to a more typical margin after a notably high prior quarter.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters.