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Carrier Global CARR Gross margin

Gross margin at other companies

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19.4%-0.1pp
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26.2%-4.8pp
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36.7%-1.5pp
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23.5%+3.2pp
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Lennox InternationalLII
33.3%+0.1pp

Other financials

Income statement

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Revenue$6.4B+3.9%
Gross profit$1.5B-28.0%
Operating income$825.0M-8.6%
Net income$501.0M-15.2%
EPS (diluted)$0.60-11.8%

Balance sheet

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Cash & equivalents$1.3B-25.2%
Total debt$12.6B+5.0%
Total equity$13.5B-10.3%
Total assets$37.4B-2.9%

Cash flow

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Operating cash flow$927.0M+42.8%
CapEx$117.0M+44.4%
Free cash flow$810.0M+42.6%

Valuation

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Market cap$50.95B-10.0%
Enterprise value$62.19B-6.9%
P/E41.8×+27.6×
P/S2.3×-0.2×

Profitability

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Operating margin7.8%-5.9pp
Net margin5.5%-12.3pp
FCF margin8.7%

Returns & leverage

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Return on equity8.6%-18.9pp
Debt / equity0.9×+0.1×
Current ratio-0.1×

Where this comes from

Calculated from Carrier Global’s reported figures.

Based on trailing twelve months.

The source filing: Carrier Global’s 10-K, filed February 11, 2025. Open the filing →

Filed
Feb 11, 2025
Fiscal year
FY2024
Accession
0001783180-25-000008

FAQ

What is Carrier Global's gross margin?
Carrier Global (CARR) reported gross margin of 26.6% in Q4 2024.
How has Carrier Global's gross margin changed year-over-year?
Carrier Global's gross margin decreased by 31.8% year-over-year, from 39% to 26.6%.
What is the long-term trend for Carrier Global's gross margin?
Over 2 years (2022 to 2024), Carrier Global's gross margin has grown at a -14.5% compound annual growth rate (CAGR), from 36.4% to 26.6%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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