Carrier Global Corp (CARR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 7,700,000 | 4,966,000 | 4,917,000 | 1,813,000 | 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 | 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 |
| Pretax margin | 32.08% | 21.05% | 21.07% | 8.01% | 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, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $7,700,000K ÷ $24,003,000K
= 32.08%
The pretax margin of Carrier Global Corp has exhibited some fluctuations over the quarters. It started at a strong level of 18.50% in December 2020, slightly increased to 18.74% by March 2021, and further improved to 19.06% by June 2021. However, there was a slight dip to 17.44% in September 2021.
Notably, there was a significant drop in pretax margin to 11.65% by December 2021, followed by a recovery to 16.62% in March 2022 and a slight increase to 16.90% in June 2022. The pretax margin then experienced a notable uptick to 20.07% by September 2022 and remained strong at 19.97% by December 2022.
However, the trend reversed in the subsequent quarters with a decline to 14.75% in March 2023, dropping further to 12.56% by June 2023, and significantly decreasing to 8.36% in September 2023. The downward trend continued with pretax margins at 9.16% in December 2023 and 8.01% in March 2024.
Subsequently, there was a substantial improvement in pretax margin performance, surging to 21.07% in June 2024 and maintaining a robust level at 21.05% in September 2024. The most notable increase was recorded in December 2024, reaching an impressive 32.08%.
Overall, while the pretax margin of Carrier Global Corp has shown variance, there have been periods of recovery and growth, with the most significant expansion observed in the last quarter of 2024. This suggests the company has managed to enhance profitability levels, possibly through strategic cost management or revenue growth initiatives.
Peer comparison
Dec 31, 2024