• Carrier Global average net profit margin for 2023 was 8.41%, a 45.1% increase from 2022.
• Carrier Global average net profit margin for 2022 was 15.32%, a 38.52% decline from 2021.
• Carrier Global average net profit margin for 2021 was 11.06%, a 17.41% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.