Carrier (CARR) stock price, revenue, and financials
Carrier market cap is $32.7 b, and annual revenue was $17.46 b in FY 2020
$37.96
$32.7 B
CARR Mkt cap, 06-May-2022$5.3 B
Carrier Revenue Q3, 2021Carrier Gross profit (Q3, 2021)1.6 B
Carrier Gross profit margin (Q3, 2021), %30%
Carrier Net income (Q3, 2021)480 M
Carrier EBIT (Q3, 2021)828 M
Carrier Cash, 30-Sept-20212.7 B
Carrier EV40.3 B
Carrier Revenue
Carrier revenue was $17.46 b in FY, 2020 which is a 6.2% year over year decrease from the previous period.
Carrier Revenue Breakdown
Carrier revenue breakdown by business segment: 17.8% from Service and 82.2% from Product
Carrier revenue breakdown by geographic segment: 52.2% from United States, 28.3% from Europe, 15.2% from Asia Pacific and 4.4% from Other
Carrier Income Statement
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Revenue | 18.9b | 18.6b | 17.5b |
Revenue growth, % | 6% | (2%) | (6%) |
Cost of goods sold | 13.3b | 13.2b | 12.3b |
Gross profit | 5.6b | 5.4b | 5.1b |
Gross profit Margin, % | 29% | 29% | 29% |
R&D expense | 400.0m | 401.0m | 419.0m |
General and administrative expense | 2.7b | 2.8b | 2.8b |
Operating expense total | 3.1b | 3.2b | 3.2b |
EBIT | 3.6b | 2.5b | 3.1b |
EBIT margin, % | 19% | 13% | 18% |
Interest expense | 84.0m | 75.0m | 298.0m |
Interest income | 121.0m | 102.0m | 10.0m |
Pre tax profit | 3.8b | 2.7b | 2.9b |
Income tax expense | 1.1b | 517.0m | 849.0m |
Net Income | 2.8b | 2.2b | 2.0b |
EPS | 3.2 | 2.4 | 2.3 |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 4.3b | 5.0b | 4.8b | 3.9b | 4.0b | 5.0b | 4.7b | 5.4b | 5.3b |
Cost of goods sold | 3.1b | 3.5b | 3.4b | 2.8b | 2.8b | 3.4b | 3.3b | 3.8b | 3.7b |
Gross profit | 1.2b | 1.5b | 1.4b | 1.1b | 1.1b | 1.6b | 1.4b | 1.6b | 1.6b |
Gross profit Margin, % | 28% | 30% | 30% | 29% | 29% | 31% | 30% | 30% | 30% |
R&D expense | 97.0m | 103.0m | 102.0m | 98.0m | 94.0m | 100.0m | 121.0m | 125.0m | 123.0m |
General and administrative expense | 684.0m | 680.0m | 702.0m | 692.0m | 637.0m | 681.0m | 743.0m | 813.0m | 748.0m |
Operating expense total | 781.0m | 783.0m | 804.0m | 790.0m | 731.0m | 781.0m | 864.0m | 938.0m | 871.0m |
EBIT | 500.0m | 805.0m | 629.0m | 315.0m | 442.0m | 1.1b | 571.0m | 783.0m | 828.0m |
EBIT margin, % | 12% | 16% | 13% | 8% | 11% | 22% | 12% | 14% | 16% |
Interest expense | 26.0m | 9.0m | 20.0m | 38.0m | 85.0m | 90.0m | 96.0m | 75.0m | 76.0m |
Interest income | 30.0m | 25.0m | 23.0m | 1.0m | 4.0m | 2.0m | 3.0m | 4.0m | 2.0m |
Pre tax profit | 543.0m | 859.0m | 679.0m | 295.0m | 375.0m | 1.0b | 496.0m | 731.0m | 768.0m |
Income tax expense | 140.0m | 65.0m | 175.0m | 193.0m | 106.0m | 261.0m | 104.0m | 234.0m | 288.0m |
Net Income | 403.0m | 794.0m | 504.0m | 102.0m | 269.0m | 748.0m | 392.0m | 497.0m | 480.0m |
EPS | 0.5 | 0.9 | 0.6 | 0.1 | 0.3 | 0.8 | 0.4 | 0.6 | 0.5 |
Carrier Balance Sheet
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Cash | 1.1b | 952.0m | 3.1b |
Accounts Receivable | 2.7b | 2.7b | 2.8b |
Inventories | 1.4b | 1.3b | 1.6b |
Current Assets | 6.1b | 6.0b | 8.5b |
PP&E | 1.7b | 1.7b | 1.8b |
Goodwill | 9.8b | 9.9b | 10.1b |
Total Assets | 21.7b | 22.4b | 25.1b |
Accounts Payable | 1.9b | 1.7b | 1.9b |
Short-term debt | 237.0m | 191.0m | |
Current Liabilities | 4.5b | 4.5b | 5.1b |
Long-term debt | 764.0m | 10.7b | |
Total Debt | 1.0b | 10.9b | |
Total Liabilities | 7.5b | 8.0b | 18.5b |
Common Stock | 9.0m | ||
Additional Paid-in Capital | 5.3b | ||
Retained Earnings | 1.6b | ||
Total Equity | 14.3b | 14.4b | 6.6b |
Debt to Equity Ratio | 0.1 x | 1.7 x | |
Debt to Assets Ratio | 0 x | 0.4 x | |
Financial Leverage | 1.5 x | 1.6 x | 3.8 x |
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|
Cash | 768.0m | 2.7b | 3.8b | 2.6b | 2.6b | 2.7b |
Accounts Receivable | 2.7b | 2.7b | 2.9b | 2.8b | 3.1b | 2.7b |
Inventories | 1.6b | 1.6b | 1.6b | 1.9b | 1.9b | 1.9b |
Current Assets | 6.0b | 8.1b | 9.3b | 8.3b | 8.8b | 11.3b |
PP&E | 1.6b | 1.7b | 1.7b | 1.8b | 1.8b | 1.8b |
Goodwill | 9.6b | 9.7b | 9.9b | 10.1b | 10.3b | 9.2b |
Total Assets | 22.0b | 24.2b | 25.7b | 24.9b | 25.7b | 25.8b |
Accounts Payable | 1.8b | 1.8b | 2.0b | 2.2b | 2.4b | 2.2b |
Short-term debt | 218.0m | 301.0m | 223.0m | 153.0m | 125.0m | 130.0m |
Current Liabilities | 4.5b | 4.8b | 5.2b | 5.1b | 5.6b | 6.1b |
Long-term debt | 11.7b | 12.4b | 12.4b | 10.2b | 10.2b | 10.1b |
Total Debt | 12.0b | 12.7b | 12.7b | 10.4b | 10.4b | 10.2b |
Total Liabilities | 19.0b | 19.8b | 20.3b | 18.1b | 18.6b | 18.6b |
Common Stock | 9.0m | 9.0m | 9.0m | 9.0m | 9.0m | |
Additional Paid-in Capital | 5.3b | 5.3b | 5.4b | 5.4b | 5.4b | |
Retained Earnings | 191.0m | 932.0m | 2.0b | 2.3b | 2.8b | |
Total Equity | 3.0b | 4.4b | 5.4b | 6.8b | 7.1b | 7.2b |
Debt to Equity Ratio | 4 x | 2.9 x | 2.3 x | 1.5 x | 1.5 x | 1.4 x |
Debt to Assets Ratio | 0.5 x | 0.5 x | 0.5 x | 0.4 x | 0.4 x | 0.4 x |
Financial Leverage | 7.3 x | 5.5 x | 4.7 x | 3.6 x | 3.6 x | 3.6 x |
Carrier Cash Flow
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Net Income | 2.8b | 2.2b | 2.0b |
Depreciation and Amortization | 357.0m | 335.0m | 336.0m |
Accounts Receivable | (211.0m) | (129.0m) | 49.0m |
Inventories | (151.0m) | (2.0m) | (240.0m) |
Accounts Payable | 88.0m | (296.0m) | 237.0m |
Cash From Operating Activities | 2.1b | 2.1b | 1.7b |
Purchases of PP&E | (263.0m) | (243.0m) | (312.0m) |
Cash From Investing Activities | 415.0m | (259.0m) | 1.1b |
Long-term Borrowings | (138.0m) | (1.9b) | |
Dividends Paid | (46.0m) | (28.0m) | (186.0m) |
Cash From Financing Activities | (2.6b) | (2.0b) | (681.0m) |
Net Change in Cash | (196.0m) | (177.0m) | 2.2b |
Quarterly
Carrier Ratios
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 347.8k |
Financial Leverage | 1.5 x |
Carrier Operating Metrics
| FY, 2018 | FY, 2019 | FY, 2020 | |
|---|---|---|---|
Manufacturing Space, sq. ft. | 35 m | 35 m | |
Patents and Patent Applications | 7 k | 8 k | |
Production Sites | 1.2 k | 1.2 k | |
Remaining Performance Obligations | $5.3 b | $4.7 b | $5.4 b |
Remaining Performance Obligations (Fire & Security) | $1.2 b | $1.3 b | |
Remaining Performance Obligations (HVAC) | $2.7 b | $3 b | |
Remaining Performance Obligations (Refrigeration) | $836 m | $1.1 b | |
Twelve-Month Remaining Performance Obligations | $3.01 b | $3.83 b |
Carrier Human Capital
Gender
| FY, 2019 | FY, 2015 | |
|---|---|---|
| Male (Executive Leadership), percent | 34.5% | 80% |
| Female (Executive Leadership), percent | 15.5% | 20% |
| Male, percent | 37% | |
| Female, percent | 13% |
- Source: www.corporate.carrier.com
