Carrier Global Corp (CARR)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,646,000 | 2,160,000 | 4,515,000 | 2,645,000 | 3,083,000 |
| Revenue | US$ in thousands | 22,890,000 | 21,458,000 | 21,970,000 | 20,292,000 | 18,281,000 |
| Operating profit margin | 11.56% | 10.07% | 20.55% | 13.03% | 16.86% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,646,000K ÷ $22,890,000K
= 11.56%
The operating profit margin for Carrier Global Corp has shown some fluctuations over the years based on the provided data. In December 31, 2020, the operating profit margin was 16.86%, indicating that the company was generating $0.1686 in operating profit for every dollar of sales.
Subsequently, the operating profit margin decreased to 13.03% by December 31, 2021, which could suggest a decrease in the efficiency of the company's operations or an increase in operating expenses relative to sales.
A significant improvement was seen by December 31, 2022, with an operating profit margin of 20.55%, which indicates that Carrier Global Corp was able to generate more operating profit per dollar of sales, potentially due to cost-cutting measures or increased revenue.
However, there was a notable decline in performance by December 31, 2023, where the operating profit margin dropped to 10.07%, signaling a potential decrease in profitability compared to the previous year.
By December 31, 2024, there was a slight recovery in the operating profit margin to 11.56%. Overall, the fluctuations in the operating profit margin suggest varying levels of efficiency and profitability in Carrier Global Corp's operations over the specified period.
Peer comparison
Dec 31, 2024