Carrier Global Corp (CARR)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,646,000 | 2,411,000 | 2,158,000 | 1,923,000 | 2,093,000 | 1,987,000 | 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 | 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 |
| Operating profit margin | 11.02% | 10.22% | 9.25% | 8.49% | 9.62% | 9.12% | 13.96% | 16.08% | 21.26% | 21.37% | 18.18% | 17.82% | 13.04% | 17.07% | 18.73% | 18.46% | 17.87% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,646,000K ÷ $24,003,000K
= 11.02%
The operating profit margin for Carrier Global Corp has exhibited fluctuations over the periods analyzed. From December 2020 to March 2021, there was a slight increase in the margin, indicating improved operational efficiency. However, by September 2021, the margin decreased to 17.07%, potentially signaling some challenges in managing operating expenses relative to revenue.
In the subsequent quarters of December 2021 and March 2022, there was a notable decline in the operating profit margin to 13.04% and then a recovery to 17.82%, respectively. The margin further improved in June and September 2022, reaching 18.18% and 21.37%, demonstrating a strengthening operational performance during that period.
By December 2022, the operating profit margin slightly decreased to 21.26%, followed by a notable drop to 16.08% in March 2023. The margin continued to decline in the following quarters, hitting a low of 9.12% in September 2023 and 9.62% in December 2023, reflecting potential challenges in cost management or revenue generation.
Although there was a slight improvement in the operating profit margin in March 2024 to 8.49%, the margin increased more significantly in the subsequent periods, reaching 11.02% by December 2024. This upward trend suggests potential operational improvements or efficiencies implemented by Carrier Global Corp during that time frame.
Overall, the analysis of the operating profit margin shows variability in Carrier Global Corp's profitability over the quarters examined, with some periods demonstrating strong operational performance while others indicating potential challenges that may require further scrutiny and strategic adjustments.
Peer comparison
Dec 31, 2024
See also:
Carrier Global Corp Operating Profit Margin (Quarterly Data)