Carrier Global Corp (CARR)
Net profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,349,000 | 1,199,000 | 2,154,000 | 2,528,000 | 3,534,000 | 3,588,000 | 2,745,000 | 2,659,000 | 1,664,000 | 2,585,000 | 2,857,000 | 2,631,000 | 2,343,000 |
| Revenue (ttm) | US$ in thousands | 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 |
| Net profit margin | 6.20% | 5.50% | 10.02% | 12.20% | 16.64% | 16.87% | 12.97% | 12.43% | 8.20% | 12.88% | 14.54% | 14.54% | 13.58% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,349,000K ÷ $21,752,000K
= 6.20%
Carrier Global Corp's net profit margin has shown fluctuations over the past eight quarters. In Q4 2023, the company reported a net profit margin of 6.10%, which was lower compared to the previous quarter. This decrease follows a downward trend from the high of 17.55% in Q3 2022.
The net profit margin peaked in Q4 2022 at 17.31% but has since experienced a decline. The highest net profit margins were observed in the second half of 2022, with percentages above 13%. However, in the recent quarters of 2023, the net profit margin has been below 10%.
These fluctuations in net profit margin indicate potential changes in the company's profitability. It is important for stakeholders to closely monitor these trends and assess the factors influencing Carrier Global Corp's financial performance to make informed decisions.
Peer comparison
Dec 31, 2023