Discontinued — last reported Q4 '24
Precision Technologies — Remaining performance obligations
Fortive Precision Technologies — Remaining performance obligations decreased by 5.9% to $57.8M in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 5.9%, from $61.4M to $57.8M. Over 2 years (FY 2021 to FY 2023), Precision Technologies — Remaining performance obligations shows an upward trend with a 33.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increasing backlog suggests strong future demand and revenue visibility for the segment.
Detailed definition
Represents the total transaction price allocated to performance obligations that are unsatisfied or partially unsatisfie...
Peer comparison
Standard metric for companies with long-term contracts or project-based revenue models.
ftv_segment_precision_technologies_remaining_performance_obligationsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q4 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $25.1M | $25.9M | $52.9M | $52.1M | $47.2M | $50.4M | $55.9M | $55.9M | $54.7M | $57.5M | $61.4M | $57.8M |
| QoQ Change | — | +3.2% | +104.2% | -1.5% | -9.4% | +6.8% | +10.9% | +0.0% | -2.1% | +5.1% | +6.8% | -5.9% |
| YoY Change | — | — | — | — | +88.0% | +94.6% | +5.7% | +7.3% | +15.9% | +14.1% | +9.8% | -5.9% |
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Frequently Asked Questions
- What is Fortive's precision technologies — remaining performance obligations?
- Fortive (FTV) reported precision technologies — remaining performance obligations of $57.8M in Q4 2024.
- How has Fortive's precision technologies — remaining performance obligations changed year-over-year?
- Fortive's precision technologies — remaining performance obligations decreased by 5.9% year-over-year, from $61.4M to $57.8M.
- What is the long-term trend for Fortive's precision technologies — remaining performance obligations?
- Over 2 years (2021 to 2023), Fortive's precision technologies — remaining performance obligations has grown at a 33.2% compound annual growth rate (CAGR), from $129.3M to $229.5M.
- What does precision technologies — remaining performance obligations mean?
- The value of contracted work that has not yet been completed or delivered.