Carrier Global (BSP:C1RR34) Gross Profit : R$33,004 Mil (TTM As of Mar. 2024)

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What is Carrier Global Gross Profit?

Carrier Global's gross profit for the three months ended in Mar. 2024 was R$8,491 Mil. Carrier Global's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was R$33,004 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Carrier Global's gross profit for the three months ended in Mar. 2024 was R$8,491 Mil. Carrier Global's Revenue for the three months ended in Mar. 2024 was R$30,785 Mil. Therefore, Carrier Global's Gross Margin % for the quarter that ended in Mar. 2024 was 27.58%.

Carrier Global had a gross margin of 27.58% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 7 years, the highest Gross Margin % of Carrier Global was 29.44%. The lowest was 26.76%. And the median was 29.11%.

Carrier Global Gross Profit Historical Data

The historical data trend for Carrier Global's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Carrier Global Gross Profit Chart

Carrier Global Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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22,242.29

26,284.27

33,816.30

28,660.87

31,275.42

Carrier Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															7,177.45	8,518.24	8,968.68	7,026.31	8,490.56

Competitive Comparison of Carrier Global's Gross Profit

For the Building Products & Equipment subindustry, Carrier Global's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Carrier Global's Gross Profit Distribution in the Construction Industry

For the Construction industry and Industrials sector, Carrier Global's Gross Profit distribution charts can be found below:

* The bar in red indicates where Carrier Global's Gross Profit falls into.

Carrier Global Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Carrier Global's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	108275.78	-	77000.357
	=	31,275

Carrier Global's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	30785.124	-	22294.565
	=	8,491

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$33,004 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Carrier Global's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	8,491	/	30785.124
	=	27.58 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Carrier Global (BSP:C1RR34) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Carrier Global had a gross margin of 27.58% for the quarter that ended in Mar. 2024 => Competition eroding margins

Carrier Global Gross Profit Related Terms

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Carrier Global (BSP:C1RR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Carrier Global Corp (BSP:C1RR34) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

CARR:USA CARR:Mexico 4PN:Germany CARG:Austria

Address

13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418

Website

https://www.corporate.carrier.com

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also announced the pending acquisition of Germany-based Viessmann for approximately $13 billion.

Carrier Global (BSP:C1RR34) Headlines

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