CARR - Carrier Global Corporation
NYSE
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Building Products & Equipment
Palm Beach Gardens,
United States
Type: Equity
CARR price evolution
CARR
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $2919 | $1313 | $10015 | $3902 |
| Short term investments | ||||
| Net receivables | $3187 | $3156 | $2481 | $3030 |
| Inventory | $3045 | $3189 | $2217 | $2562 |
| Total current assets | $11573 | $11715 | $18780 | $10511 |
| Long term investments | $1221 | $1155 | $1140 | $1166 |
| Property, plant & equipment | $3752 | $3812 | $2784 | $2787 |
| Goodwill & intangible assets | $22293 | $22717 | $9017 | $10925 |
| Total noncurrent assets | $28851 | $29095 | $14042 | $16033 |
| Total investments | $1221 | $1155 | $1140 | $1166 |
| Total assets | $40424 | $40810 | $32822 | $26544 |
| Current liabilities | ||||
| Accounts payable | $3181 | $3074 | $2742 | $2887 |
| Deferred revenue | $493 | |||
| Short long term debt | $2052 | $1248 | $51 | $134 |
| Total current liabilities | $10675 | $8637 | $6891 | $6349 |
| Long term debt | $11771 | $16152 | $14633 | $9116 |
| Total noncurrent liabilities | $15670 | $20267 | $16926 | $11693 |
| Total debt | $13823 | $17400 | $14684 | $9250 |
| Total liabilities | $26345 | $28904 | $23817 | $18042 |
| Shareholders' equity | ||||
| Retained earnings | $8854 | $6860 | $6591 | $6486 |
| Other shareholder equity | -$1686 | -$1872 | -$1486 | -$1856 |
| Total shareholder equity | $13768 | $11561 | $8677 | $8184 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $10015 | $3520 | $2987 | $3115 |
| Short term investments | ||||
| Net receivables | $2481 | $3370 | $2403 | $2781 |
| Inventory | $2217 | $2640 | $1970 | $1629 |
| Total current assets | $18780 | $9879 | $11407 | $8524 |
| Long term investments | $1140 | $1148 | $1593 | $1513 |
| Property, plant & equipment | $2784 | $2883 | $2466 | $2598 |
| Goodwill & intangible assets | $9017 | $11319 | $9858 | $11176 |
| Total noncurrent assets | $14042 | $16207 | $14765 | $16569 |
| Total investments | $1140 | $1148 | $1593 | $1513 |
| Total assets | $32822 | $26086 | $26172 | $25093 |
| Current liabilities | ||||
| Accounts payable | $2742 | $2833 | $2334 | $1936 |
| Deferred revenue | ||||
| Short long term debt | $51 | $140 | $183 | $191 |
| Total current liabilities | $6891 | $6032 | $6627 | $5110 |
| Long term debt | $14633 | $8702 | $10040 | $10678 |
| Total noncurrent liabilities | $16926 | $11978 | $12451 | $13405 |
| Total debt | $14684 | $9371 | $10223 | $10869 |
| Total liabilities | $23817 | $18328 | $19078 | $18515 |
| Shareholders' equity | ||||
| Retained earnings | $6591 | $5866 | $2865 | $1643 |
| Other shareholder equity | -$1486 | -$1688 | -$989 | -$745 |
| Total shareholder equity | $8677 | $7758 | $6767 | $6252 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $6689 | $6182 | $5102 | $5731 |
| Cost of revenue | $4811 | $4477 | $3668 | $3915 |
| Gross Profit | $1878 | $1705 | $1434 | $1816 |
| Operating activities | ||||
| Research & development | $187 | $224 | $170 | $157 |
| Selling, general & administrative | $975 | $985 | $961 | $831 |
| Total operating expenses | $1162 | $1209 | $1131 | $988 |
| Operating income | $716 | $496 | $303 | $828 |
| Income from continuing operations | ||||
| EBIT | $3658 | $480 | $587 | $621 |
| Income tax expense | $1155 | $46 | $120 | $213 |
| Interest expense | $166 | $165 | $47 | $51 |
| Net income | ||||
| Net income | $2337 | $269 | $420 | $357 |
| Income (for common shares) | $2337 | $269 | $420 | $357 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $22098 | $20421 | $20613 | $17456 |
| Cost of revenue | $15715 | $14957 | $14633 | $12347 |
| Gross Profit | $6383 | $5464 | $5980 | $5109 |
| Operating activities | ||||
| Research & development | $617 | $539 | $503 | $419 |
| Selling, general & administrative | $3297 | $2512 | $3120 | $2820 |
| Total operating expenses | $3914 | $3051 | $3623 | $3239 |
| Operating income | $2469 | $2413 | $2357 | $1870 |
| Income from continuing operations | ||||
| EBIT | $2204 | $4461 | $2669 | $3119 |
| Income tax expense | $644 | $708 | $699 | $849 |
| Interest expense | $211 | $219 | $306 | $288 |
| Net income | ||||
| Net income | $1349 | $3534 | $1664 | $1982 |
| Income (for common shares) | $1349 | $3534 | $1664 | $1982 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | $2337 | $269 | $420 | $357 |
| Operating activities | ||||
| Depreciation | $311 | $314 | $135 | $134 |
| Business acquisitions & disposals | $4870 | -$10772 | -$15 | $5 |
| Stock-based compensation | $26 | $22 | $18 | $23 |
| Total cash flows from operations | $660 | $40 | $1062 | $1041 |
| Investing activities | ||||
| Capital expenditures | -$111 | -$104 | -$233 | -$92 |
| Investments | $24 | -$209 | $16 | -$52 |
| Total cash flows from investing | $4808 | -$11081 | -$229 | -$135 |
| Financing activities | ||||
| Dividends paid | -$171 | -$159 | -$155 | -$156 |
| Sale and purchase of stock | ||||
| Net borrowings | -$3549 | $2562 | $5519 | -$11 |
| Total cash flows from financing | -$3785 | $2379 | $5300 | -$182 |
| Effect of exchange rate | -$14 | -$68 | $133 | -$32 |
| Change in cash and equivalents | $1605 | -$8700 | $6109 | $692 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $1349 | $3534 | $1664 | $1982 |
| Operating activities | ||||
| Depreciation | $542 | $380 | $338 | $336 |
| Business acquisitions & disposals | -$164 | $2292 | -$366 | $1377 |
| Stock-based compensation | $81 | $77 | $92 | $77 |
| Total cash flows from operations | $2607 | $1743 | $2237 | $1692 |
| Investing activities | ||||
| Capital expenditures | -$469 | -$353 | -$344 | -$312 |
| Investments | -$50 | -$194 | $11 | $40 |
| Total cash flows from investing | -$660 | $1745 | -$692 | $1106 |
| Financing activities | ||||
| Dividends paid | -$620 | -$509 | -$417 | -$138 |
| Sale and purchase of stock | -$62 | -$1380 | -$527 | |
| Net borrowings | $5483 | -$983 | -$551 | $9850 |
| Total cash flows from financing | $4612 | -$2931 | -$1562 | -$681 |
| Effect of exchange rate | $88 | -$56 | -$16 | $45 |
| Change in cash and equivalents | $6490 | $501 | -$93 | $2162 |
News
Fundamentals
| Market cap | $62.72B |
|---|---|
| Enterprise value | $73.62B |
| Shares outstanding | 902.66M |
| Revenue | $23.70B |
|---|---|
| EBITDA | $6.24B |
| EBIT | $5.35B |
| Net Income | $3.38B |
| Revenue Q/Q | 11.63% |
| Revenue Y/Y | 8.63% |
| P/E ratio | 18.54 |
|---|---|
| EV/Sales | 3.11 |
| EV/EBITDA | 11.80 |
| EV/EBIT | 13.77 |
| P/S ratio | 2.65 |
| P/B ratio | 4.06 |
| Book/Share | 17.12 |
| Cash/Share | 3.23 |
| EPS | $3.75 |
|---|---|
| ROA | 9.62% |
| ROE | 32.07% |
| Debt/Equity | 2.74 |
|---|---|
| Net debt/EBITDA | 3.75 |
| Current ratio | 1.08 |
| Quick ratio | 0.80 |