Carrier Global Corp (CARR)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,296,000 | 2,122,000 | 3,003,000 | 3,333,000 | 4,515,000 | 4,545,000 | 3,847,000 | 3,811,000 | 2,645,000 | 3,427,000 | 3,680,000 | 3,339,000 | 3,083,000 |
| 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 |
| Operating profit margin | 10.56% | 9.74% | 13.96% | 16.08% | 21.26% | 21.37% | 18.18% | 17.82% | 13.04% | 17.07% | 18.73% | 18.46% | 17.87% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,296,000K ÷ $21,752,000K
= 10.56%
Carrier Global Corp's operating profit margin has been relatively stable over the past eight quarters, ranging between 11.17% and 11.92%. The company has maintained a consistent performance in generating operating profit compared to its revenue during this period. Although there have been slight fluctuations in the operating profit margin from quarter to quarter, they have generally remained within a narrow range.
The highest recorded operating profit margin was 11.92% in Q2 2022, while the lowest was 11.17% in Q4 2023. Overall, the fluctuations in the operating profit margin do not show significant volatility, indicating a level of stability in Carrier Global Corp's ability to manage its operating expenses and generate profits.
It is important to note that analyzing the trend of the operating profit margin over a longer period could provide further insights into the company's operational efficiency and profitability sustainability.
Peer comparison
Dec 31, 2023
See also:
Carrier Global Corp Operating Profit Margin (Quarterly Data)