Carrier Global Corp (CARR)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,604,000 | 3,473,000 | 3,383,000 | 1,245,000 | 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 | 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 |
| Net profit margin | 23.35% | 14.72% | 14.49% | 5.50% | 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, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $5,604,000K ÷ $24,003,000K
= 23.35%
Carrier Global Corp's net profit margin has shown fluctuations over the periods analyzed. It started at a healthy level of 13.58% on December 31, 2020, which increased to 14.54% by March 31, 2021, and remained stable in the subsequent quarter. However, the margin then dipped to 12.88% by September 30, 2021.
A significant decline was observed by the end of December 31, 2021, where the net profit margin dropped to 8.20%. The company managed to recover slightly in the following quarters but experienced fluctuations; reaching 16.87% by September 30, 2022, and remained at similar levels by the end of December 31, 2022.
However, there was a notable decline in profitability by March 31, 2023, where the margin reduced to 12.20% and further dropped to 5.50% by September 30, 2023. There was a slight improvement by the end of December 31, 2023, but the margin remained low at 6.20%.
The net profit margin then exhibited a significant recovery by June 30, 2024, reaching 14.49% and further improving to 14.72% by September 30, 2024. The most notable increase was seen by the end of December 31, 2024, where the net profit margin surged to 23.35%.
Overall, Carrier Global Corp has experienced fluctuations in its net profit margin, with periods of decline followed by periods of recovery. It is essential for the company to consistently monitor and manage its profitability to ensure sustainable growth and financial health.
Peer comparison
Dec 31, 2024