Carrier Global Corp - Understand $carr stock

$CARR Market Cap: $69.07 Billion

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Financial Snapshot

Revenue

$23.70B

TTM

Gross Margin

29.0%

TTM

Net Earnings

$3.439B

TTM

Current Assets

$11.57B

Q2 2024

Current Liabilities

$10.68B

Q2 2024

Current Ratio

108.41%

Q2 2024

Total Assets

$40.42B

Q2 2024

Total Liabilities

$26.35B

Q2 2024

Book Value

$14.08B

Q2 2024

Cash

$2.919B

Q2 2024

P/E

20.08

Sep 13, 2024 EST

Free Cash Flow

$2.072B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$22.10B	$20.42B	$20.61B	$17.46B	$18.61B	$18.91B	$17.81B
YoY Change	8.21%	-0.93%	18.09%	-6.19%	-1.62%	6.17%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$22.10B	$20.42B	$20.61B	$17.46B	$18.61B	$18.91B	$17.81B
Cost Of Revenue	$15.70B	$14.95B	$14.61B	$12.33B	$13.15B	$13.31B	$12.58B
Gross Profit	$6.401B	$5.473B	$6.008B	$5.129B	$5.455B	$5.605B	$5.233B
Gross Profit Margin	28.97%	26.8%	29.15%	29.38%	29.32%	29.63%	29.38%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017
Selling, General & Admin	$3.297B	$2.512B	$3.120B	$2.820B	$2.761B	$2.689B	$2.521B
YoY Change	31.25%	-19.49%	10.64%	2.14%	2.68%	6.66%
% of Gross Profit	51.51%	45.9%	51.93%	54.98%	50.61%	47.98%	48.18%
Research & Development	$617.0M	$539.0M	$503.0M	$419.0M	$401.0M	$400.0M	$364.0M
YoY Change	14.47%	7.16%	20.05%	4.49%	0.25%	9.89%
% of Gross Profit	9.64%	9.85%	8.37%	8.17%	7.35%	7.14%	6.96%
Depreciation & Amortization	$542.0M	$380.0M	$338.0M	$336.0M	$335.0M	$357.0M	$372.0M
YoY Change	42.63%	12.43%	0.6%	0.3%	-6.16%	-4.03%
% of Gross Profit	8.47%	6.94%	5.63%	6.55%	6.14%	6.37%	7.11%
Operating Expenses	$3.914B	$3.051B	$3.623B	$3.239B	$3.162B	$3.089B	$2.689B
YoY Change	28.29%	-15.79%	11.86%	2.44%	2.36%	14.88%
Operating Profit	$2.296B	$4.515B	$2.645B	$3.083B	$2.491B	$3.637B	$2.544B
YoY Change	-49.15%	70.7%	-14.21%	23.77%	-31.51%	42.96%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	-$211.0M	-$219.0M	-$306.0M	-$288.0M	$27.00M	$37.00M	$482.0M
YoY Change	-3.65%	-28.43%	6.25%	-1166.67%	-27.03%	-92.32%
% of Operating Profit	-9.19%	-4.85%	-11.57%	-9.34%	1.08%	1.02%	18.95%
Other Income/Expense, Net	-$1.000M	-$4.000M	$61.00M	$60.00M	$154.0M	$168.0M	$139.0M
YoY Change	-75.0%	-106.56%	1.67%	-61.04%	-8.33%	20.86%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017
Pretax Income	$2.084B	$4.292B	$2.400B	$2.855B	$2.672B	$3.842B	$3.054B
YoY Change	-51.44%	78.83%	-15.94%	6.85%	-30.45%	25.8%
Income Tax	$644.0M	$708.0M	$699.0M	$849.0M	$517.0M	$1.073B	$1.787B
% Of Pretax Income	30.9%	16.5%	29.13%	29.74%	19.35%	27.93%	58.51%
Net Earnings	$1.440B	$3.584B	$1.701B	$2.006B	$2.155B	$2.769B	$1.227B
YoY Change	-59.82%	110.7%	-15.2%	-6.91%	-22.17%	125.67%
Net Earnings / Revenue	6.52%	17.55%	8.25%	11.49%	11.58%	14.64%	6.89%
Basic Earnings Per Share	$1.61	$4.19	$1.92	$2.29	$2.44	$3.16
Diluted Earnings Per Share	$1.58	$4.10	$1.87	$2.25	$2.44	$3.16	$1.417M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$10.02B	$3.520B	$2.987B	$3.115B	$952.0M	$1.129B
YoY Change	184.52%	17.84%	-4.11%	227.21%	-15.68%
Cash & Equivalents	$10.02B	$3.520B	$2.987B	$3.115B	$952.0M	$1.129B
Short-Term Investments
Other Short-Term Assets	$3.761B	$349.0M	$3.544B	$343.0M	$327.0M	$378.0M
YoY Change	977.65%	-90.15%	933.24%	4.89%	-13.49%
Inventory	$2.217B	$2.640B	$1.970B	$1.629B	$1.332B	$1.363B
Prepaid Expenses
Receivables	$2.787B	$3.370B	$2.906B	$3.295B	$3.348B	$3.239B
Other Receivables	$0.00	$0.00	$0.00	$142.0M	$0.00	$0.00
Total Short-Term Assets	$18.78B	$9.879B	$11.41B	$8.524B	$5.959B	$6.109B
YoY Change	90.1%	-13.4%	33.82%	43.04%	-2.46%
Property, Plant & Equipment	$2.784B	$2.883B	$2.466B	$2.598B	$2.495B	$1.653B
YoY Change	-3.43%	16.91%	-5.08%	4.13%	50.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.140B	$1.148B	$1.593B	$1.513B	$1.739B	$1.770B
YoY Change	-0.7%	-27.93%	5.29%	-13.0%	-1.75%
Other Assets	$336.0M	$239.0M	$215.0M	$735.0M	$746.0M	$744.0M
YoY Change	40.59%	11.16%	-70.75%	-1.47%	0.27%
Total Long-Term Assets	$14.04B	$16.21B	$14.77B	$16.57B	$16.45B	$15.63B
YoY Change	-13.36%	9.77%	-10.89%	0.74%	5.24%
Total Assets	$32.82B	$26.09B	$26.17B	$25.09B	$22.41B	$21.74B
YoY Change
Accounts Payable	$2.742B	$2.833B	$2.334B	$1.936B	$1.701B	$1.944B
YoY Change	-3.21%	21.38%	20.56%	13.82%	-12.5%
Accrued Expenses	$2.811B	$2.610B	$2.561B	$2.085B	$2.325B	$2.074B
YoY Change	7.7%	1.91%	22.83%	-10.32%	12.1%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$51.00M	$140.0M	$183.0M	$191.0M
YoY Change	-63.57%	-23.5%	-4.19%
Total Short-Term Liabilities	$6.891B	$6.032B	$6.627B	$5.110B	$4.469B	$4.466B
YoY Change	14.24%	-8.98%	29.69%	14.34%	0.07%
Long-Term Debt	$14.24B	$8.702B	$9.513B	$10.04B	$0.00	$0.00
YoY Change	63.66%	-8.53%	-5.21%
Other Long-Term Liabilities	$2.149B	$2.708B	$2.584B	$2.890B	$2.403B	$1.722B
YoY Change	-20.64%	4.8%	-10.59%	20.27%	39.55%
Total Long-Term Liabilities	$16.39B	$11.41B	$12.10B	$12.93B	$2.403B	$1.722B
YoY Change	43.65%	-5.68%	-6.41%	437.91%	39.55%
Total Liabilities	$24.15B	$18.33B	$19.41B	$18.84B	$8.304B	$7.820B
YoY Change	31.74%	-5.55%	2.99%	126.89%	6.19%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	837.3M shares	843.4M shares	867.7M shares	866.5M shares	866.2M shares	866.2M shares
Diluted Shares Outstanding	853.0M shares	861.2M shares	890.3M shares	880.2M shares	866.2M shares	866.2M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $69.07 Billion

About Carrier Global Corp

Carrier Global Corp. engages in the provision of building and cold chain solutions. The company is headquartered in Palm Beach Gardens, Florida and currently employs 53,000 full-time employees. The company went IPO on 2020-03-17. The company operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services and solutions to meet the heating, cooling and ventilation needs of residential and commercial customers. The Refrigeration segment includes transport refrigeration and monitoring products, services and digital solutions for trucks, trailers, shipping containers, intermodal and rail, as well as commercial refrigeration products. Its Commercial refrigeration solutions include refrigerated cabinets, freezers, systems and controls. Its Fire & Security segment provides a range of residential, commercial and industrial technologies designed to help protect people and property. Its products include fire, flame, gas, smoke and carbon monoxide detection, portable fire extinguishers, and others.

Industry: Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip Peers: Advanced Drainage Systems Inc Builders FirstSource Inc Carlisle Companies Inc Fortune Brands Innovations Inc Lennox International Inc Masco Corp Owens Corning A O Smith Corp Trex Co Inc