Fortive Corporation stock research
FY2025 Q3
Fortive (FTV) Gross Margin — Quarter Ended Sep 26, 2025
Revenue and cost of revenue both increased compared to the prior quarter, while gross profit declined, resulting in a lower gross margin. Compared to the same quarter last year, revenue turned positive from negative, gross profit rose, and gross margin improved from a negative to a positive figure.
Gross margin takeaway
Quarter ended Sep 26, 2025 · FY2025 Q3
Revenue and cost of revenue both increased compared to the prior quarter, while gross profit declined, resulting in a lower gross margin. Compared to the same quarter last year, revenue turned positive from negative, gross profit rose, and gross margin improved from a negative to a positive figure.
- The gross margin for the current quarter is positive, a significant improvement from the negative margin in the same quarter last year. The relationship between revenue and cost of revenue shifted favorably compared to the year-ago period.
- Compared to the immediately preceding quarter, gross margin weakened as revenue grew but gross profit declined. Compared to the same quarter one year earlier, gross margin improved substantially, driven by a shift from negative to positive revenue and higher gross profit.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
356.9%
Gross profit
$155.6M
Revenue
$43.6M
Cost of revenue
$377.9M
Quarter-over-quarter change
+299.9 pts
Year-over-year change
+489.3 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 |
|---|---|---|---|---|
| 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% |
| Sep 26, 2025 | $43.6M | $155.6M | $377.9M | 356.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 27, 2025
+299.9 pts
Year-over-year change
Sep 27, 2024
+489.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin for the current quarter is positive, a significant improvement from the negative margin in the same quarter last year. The relationship between revenue and cost of revenue shifted favorably compared to the year-ago period.
Compared to the immediately preceding quarter, gross margin weakened as revenue grew but gross profit declined. Compared to the same quarter one year earlier, gross margin improved substantially, driven by a shift from negative to positive revenue and higher gross profit.
Monitor the relationship between revenue and cost of revenue in future quarters to assess whether the current positive gross margin can be sustained.