Carrier Global Corp. Stock
Pros and Cons of Carrier Global Corp. in the next few years
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Upon first impression, the financials of Carrier Global Corp. seem to have positive aspects to them. The company has demonstrated a generally upward trend in terms of net income, total revenue, and gross profit over the past three years. However, it's necessary to delve into a more detailed analysis to gain a comprehensive understanding of their financial situation and identify any potential areas of concern.
Growing Net Income and Gross Profit: Carrier Global Corp. has displayed a consistent growth in net income, from $1982 million in 2020 to $3534 million in 2022. This increase in net income is accompanied by an increase in gross profit, which has risen from $5109 million in 2020 to $5464 million in 2022. This suggests that the company is operating efficiently and effectively managing its costs.
Improvement in Total Assets: The total assets of the company have increased steadily over the past three years, from $25093 million in 2020 to $26086 million in 2022. The increase in assets suggests that the company is investing in its growth and expanding its resources, which can be particularly beneficial for shareholders.