Carrier Global Corp (CARR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,993,000 | 1,822,000 | 2,702,000 | 3,057,000 | 4,242,000 | 4,270,000 | 3,577,000 | 3,555,000 | 2,363,000 | 3,500,000 | 3,745,000 | 3,391,000 | 3,192,000 |
| 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 |
| Pretax margin | 9.16% | 8.36% | 12.56% | 14.75% | 19.97% | 20.07% | 16.90% | 16.62% | 11.65% | 17.44% | 19.06% | 18.74% | 18.50% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,993,000K ÷ $21,752,000K
= 9.16%
The pretax margin of Carrier Global Corp has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin stood at 9.43%, slightly higher than the previous quarter at 8.61%, but lower compared to Q4 2022 at 21.02%. The trend indicates a decline in profitability from the previous year.
In Q3 and Q2 2023, the pretax margin was 8.61% and 12.73%, respectively, showing variability in profitability levels during these periods. Q1 2023 saw a significant decrease in pretax margin to 14.80%, compared to an average of over 17% in the first two quarters of 2022.
Overall, the pretax margin of Carrier Global Corp has shown a downward trend in recent quarters, with Q4 2023 recording the lowest margin in the data provided. This suggests potential challenges in maintaining profitability, which may warrant further analysis and strategic actions to improve financial performance.
Peer comparison
Dec 31, 2023