Gross Profit
Carrier Global Gross Profit remained flat by 0.0% to $1.50B in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 15.9%, from $1.29B to $1.50B. Over 2 years (FY 2022 to FY 2024), Gross Profit shows an upward trend with a 18.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved manufacturing efficiency, favorable product mix, or higher pricing power, while a decrease may indicate rising raw material costs, supply chain inefficiencies, or competitive pricing pressure.
Detailed definition
Gross profit represents the residual earnings a company retains after deducting the direct costs associated with produci...
Peer comparison
Peers in the medical device and diagnostics sector typically maintain high gross margins due to intellectual property and specialized manufacturing, though these vary based on the specific product mix of nutritionals versus high-tech devices.
gross_profitHistorical Data
| FY'22 | FY'23 | FY'24 | |
|---|---|---|---|
| Value | $4.30B | $5.16B | $5.98B |
| YoY Change | — | +20.1% | +15.9% |
Gross Profit at Other Companies
Frequently Asked Questions
- What is Carrier Global's gross profit?
- Carrier Global (CARR) reported gross profit of $1.50B in Q4 2024.
- How has Carrier Global's gross profit changed year-over-year?
- Carrier Global's gross profit increased by 15.9% year-over-year, from $1.29B to $1.50B.
- What is the long-term trend for Carrier Global's gross profit?
- Over 2 years (2022 to 2024), Carrier Global's gross profit has grown at a 18.0% compound annual growth rate (CAGR), from $4.30B to $5.98B.
- What does gross profit mean?
- The total revenue earned from sales minus the direct costs required to manufacture and deliver those products.