Carrier Global Corp (CARR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,296,000 | 4,515,000 | 2,645,000 | 3,083,000 |
| Revenue | US$ in thousands | 21,458,000 | 21,970,000 | 20,292,000 | 18,281,000 |
| Operating profit margin | 10.70% | 20.55% | 13.03% | 16.86% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,296,000K ÷ $21,458,000K
= 10.70%
Carrier Global Corp's operating profit margin has been relatively stable over the past five years, ranging from 10.71% to 12.38%. Although there was a slight decrease in 2020 compared to 2019, the margin rebounded in 2021 before decreasing again in 2022 and 2023. This suggests that the company has been able to effectively manage its operating expenses to generate operating profits consistently. However, fluctuations in the operating profit margin indicate potential changes in the company's cost structure or pricing strategy that may warrant further investigation to ensure sustainable profitability.
Peer comparison
Dec 31, 2023