Carrier Global Corp (CARR)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 20,493,000 | 19,023,000 | 18,924,000 | 18,598,000 | 18,115,000 | 18,489,000 | 18,460,000 | 17,885,000 | 18,567,000 | 18,456,000 | 18,242,000 | 18,279,000 | 17,042,000 | 17,695,000 | 17,344,000 | 15,972,000 | 15,121,000 |
| Revenue (ttm) | US$ in thousands | 24,003,000 | 23,595,000 | 23,342,000 | 22,645,000 | 21,752,000 | 21,786,000 | 21,506,000 | 20,725,000 | 21,238,000 | 21,272,000 | 21,162,000 | 21,391,000 | 20,288,000 | 20,074,000 | 19,645,000 | 18,092,000 | 17,250,000 |
| Gross profit margin | 85.38% | 80.62% | 81.07% | 82.13% | 83.28% | 84.87% | 85.84% | 86.30% | 87.42% | 86.76% | 86.20% | 85.45% | 84.00% | 88.15% | 88.29% | 88.28% | 87.66% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $20,493,000K ÷ $24,003,000K
= 85.38%
Carrier Global Corp's gross profit margin has shown some fluctuations over the analyzed period, ranging from a high of 88.29% in June 30, 2021, to a low of 80.62% as of September 30, 2024. Overall, the trend demonstrates some volatility with periods of increases and decreases. It is notable that the gross profit margin has generally been above 80%, signifying the company's ability to generate a strong profit from its sales after deducting the cost of goods sold.
However, there was a dip in the gross profit margin in December 31, 2021, and a further decline in the subsequent quarters, reaching a low of 80.62% by September 30, 2024. This downward trend might indicate challenges in managing production costs or pricing pressures during this period.
It's worth noting that there was a slight recovery in the gross profit margin by December 31, 2024, standing at 85.38%. This could suggest that the company took steps to address the issues that led to the decline in profitability in the previous quarters.
Analyzing the gross profit margin can provide insights into a company's operational efficiency and pricing strategy, indicating how well it is controlling costs and generating profits from its core business activities.
Peer comparison
Dec 31, 2024