Carrier Global Corp (CARR)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 6,666,000 | 1,993,000 | 4,242,000 | 2,363,000 | 2,831,000 |
| Revenue | US$ in thousands | 22,890,000 | 21,458,000 | 21,970,000 | 20,292,000 | 18,281,000 |
| Pretax margin | 29.12% | 9.29% | 19.31% | 11.64% | 15.49% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $6,666,000K ÷ $22,890,000K
= 29.12%
The pretax margin for Carrier Global Corp has shown varying trends over the past five years. In December 2020, the pretax margin was 15.49%, reflecting a moderate level of profitability before accounting for taxes. However, in December 2021, there was a slight decline to 11.64%, indicating a decrease in the company's ability to generate profits relative to its revenue.
In December 2022, the pretax margin saw a significant improvement, reaching 19.31%, suggesting that the company had effectively managed its expenses and generated higher profits compared to the previous year. However, the following year, in December 2023, there was a notable drop in the pretax margin to 9.29%, signaling potential challenges in controlling costs or generating sufficient revenue to maintain profitability.
Notably, in December 2024, the pretax margin experienced a substantial surge to 29.12%, indicating a significant improvement in profitability and efficiency in managing expenses. This sharp increase may suggest successful strategic initiatives or improved operational performance that contributed to the company's bottom line.
Overall, the pretax margin for Carrier Global Corp has displayed fluctuations, highlighting the importance of closely monitoring profitability metrics to assess the company's financial health and operational effectiveness over time.
Peer comparison
Dec 31, 2024