Carrier Historical Income Statement
CARR Stock | USD 57.68 0.14 0.24% |
Historical analysis of Carrier GlobalCorp income statement accounts such as Interest Income of 61.9 M, Depreciation And Amortization of 312.7 M or Interest Expense of 237 M can show how well Carrier GlobalCorp performed in making a profits. Evaluating Carrier GlobalCorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Carrier GlobalCorp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Carrier GlobalCorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Carrier GlobalCorp is a good buy for the upcoming year.
Carrier |
About Carrier Income Statement Analysis
Carrier GlobalCorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Carrier GlobalCorp shareholders. The income statement also shows Carrier investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Carrier GlobalCorp Income Statement Chart
Carrier GlobalCorp Income Statement is one of the three primary financial statements used for reporting Carrier's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Carrier GlobalCorp revenue and expense. Carrier GlobalCorp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Carrier GlobalCorp's Tax Provision is relatively stable compared to the past year. As of 03/28/2024, Interest Expense is likely to grow to about 237 M, while Interest Income is likely to drop slightly above 61.9 M. Add Fundamental
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Total Revenue
Total revenue comprises all receipts Carrier GlobalCorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Carrier GlobalCorp minus its cost of goods sold. It is profit before Carrier GlobalCorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Carrier GlobalCorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Carrier GlobalCorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carrier GlobalCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.At this time, Carrier GlobalCorp's Tax Provision is relatively stable compared to the past year. As of 03/28/2024, Interest Expense is likely to grow to about 237 M, while Interest Income is likely to drop slightly above 61.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 50M | 380M | 542M | 312.7M | Interest Income | 13M | 83M | 109M | 61.9M |
Carrier GlobalCorp income statement Correlations
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Carrier GlobalCorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carrier GlobalCorp income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Tax Provision | 517M | 849M | 699M | 708M | 623M | 715.0M | |
Net Interest Income | 27M | (288M) | (306M) | (219M) | (218M) | (228.9M) | |
Interest Income | 102M | 10M | 13M | 83M | 109M | 61.9M | |
Depreciation And Amortization | 699M | 336M | 50M | 380M | 542M | 312.7M | |
Interest Expense | 75M | 298M | 319M | 302M | 211M | 237.0M | |
Selling General Administrative | 2.8B | 2.8B | 3.1B | 2.5B | 3.0B | 3.0B | |
Total Revenue | 18.6B | 17.5B | 20.6B | 20.4B | 22.1B | 21.4B | |
Gross Profit | 5.4B | 5.1B | 6.0B | 5.5B | 6.4B | 6.1B | |
Other Operating Expenses | 16.4B | 15.6B | 18.3B | 18.0B | 19.6B | 18.8B | |
Operating Income | 2.5B | 2.1B | 2.6B | 2.4B | 2.3B | 2.1B | |
Net Income From Continuing Ops | 2.2B | 2.0B | 1.7B | 3.6B | 1.3B | 2.3B | |
Ebit | 2.5B | 2.1B | 2.6B | 2.4B | 2.3B | 2.1B | |
Research Development | 401M | 419M | 503M | 539M | 617M | 509.6M | |
Ebitda | 3.2B | 2.4B | 2.7B | 2.8B | 2.3B | 2.3B | |
Cost Of Revenue | 13.2B | 12.3B | 14.6B | 15.0B | 15.7B | 15.2B | |
Total Operating Expenses | 3.2B | 3.2B | 3.6B | 3.1B | 3.9B | 3.6B | |
Reconciled Depreciation | 335M | 336M | 338M | 380M | 530M | 416.1M | |
Income Before Tax | 2.7B | 2.9B | 2.4B | 4.3B | 2.1B | 2.4B | |
Total Other Income Expense Net | 181M | 753M | (245M) | 1.9B | (212M) | (201.4M) | |
Net Income Applicable To Common Shares | 2.1B | 2.0B | 1.7B | 3.5B | 4.1B | 2.4B | |
Net Income | 2.1B | 2.0B | 1.7B | 3.5B | 1.4B | 2.3B | |
Income Tax Expense | 517M | 849M | 699M | 708M | (644M) | (611.8M) | |
Minority Interest | 333M | 24M | (37M) | 50M | (80M) | (76M) |
Pair Trading with Carrier GlobalCorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carrier GlobalCorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carrier GlobalCorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Carrier Stock
0.62 | OC | Owens Corning Financial Report 24th of April 2024 | PairCorr |
The ability to find closely correlated positions to Carrier GlobalCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrier GlobalCorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carrier GlobalCorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carrier GlobalCorp to buy it.
The correlation of Carrier GlobalCorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carrier GlobalCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrier GlobalCorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carrier GlobalCorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carrier GlobalCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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When running Carrier GlobalCorp's price analysis, check to measure Carrier GlobalCorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carrier GlobalCorp is operating at the current time. Most of Carrier GlobalCorp's value examination focuses on studying past and present price action to predict the probability of Carrier GlobalCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrier GlobalCorp's price. Additionally, you may evaluate how the addition of Carrier GlobalCorp to your portfolios can decrease your overall portfolio volatility.
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Is Carrier GlobalCorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carrier GlobalCorp. If investors know Carrier will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carrier GlobalCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.582 | Dividend Share 0.745 | Earnings Share 1.58 | Revenue Per Share 26.392 | Quarterly Revenue Growth (0) |
The market value of Carrier GlobalCorp is measured differently than its book value, which is the value of Carrier that is recorded on the company's balance sheet. Investors also form their own opinion of Carrier GlobalCorp's value that differs from its market value or its book value, called intrinsic value, which is Carrier GlobalCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carrier GlobalCorp's market value can be influenced by many factors that don't directly affect Carrier GlobalCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carrier GlobalCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carrier GlobalCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carrier GlobalCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.