• Fortive average pre-tax profit margin for 2023 was 15.77%, a 11.53% decline from 2022.
• Fortive average pre-tax profit margin for 2022 was 14.14%, a 49.82% increase from 2021.
• Fortive average pre-tax profit margin for 2021 was 28.18%, a 91.96% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.