Revenue
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.75B | $22.49B | $18.95B | $17.29B | $20.61B | $17.46B | $18.61B | $18.91B |
| Gross profit | $5.62B | $5.98B | $5.16B | $4.30B | $5.98B | $5.11B | $5.42B | $5.57B |
| Gross margin | 25.86% | 26.60% | 27.24% | 24.86% | 29.01% | 29.27% | 29.12% | 29.44% |
| Research & development | $625.0M | $686.0M | $493.0M | $416.0M | $503.0M | $419.0M | $401.0M | $400.0M |
| Operating expenses | $3.45B | $3.33B | $3.00B | $313.0M | $3.33B | $2.03B | $2.93B | $1.93B |
| Operating income | $2.17B | $2.65B | $2.16B | $3.98B | $2.65B | $3.08B | $2.49B | $3.64B |
| Operating margin | 9.99% | 11.77% | 11.40% | 23.04% | 12.83% | 17.66% | 13.39% | 19.23% |
| EBITDA | $3.45B | $3.88B | $2.65B | $4.31B | $2.98B | $3.42B | $2.83B | $3.99B |
| EBITDA margin | 15.85% | 17.25% | 13.99% | 24.94% | 14.47% | 19.59% | 15.19% | 21.12% |
| Net income | $1.48B | $5.60B | $1.35B | $3.53B | $1.70B | $2.01B | $2.15B | $2.77B |
| Net profit margin | 6.82% | 24.92% | 7.12% | 20.44% | 8.25% | 11.49% | 11.58% | 14.64% |
| Basic EPSper basic share | $1.74 | $6.24 | $1.61 | $4.19 | $1.92 | $2.29 | $2.44 | $3.16 |
| Diluted EPSper diluted share | $1.72 | $6.15 | $1.58 | $4.10 | $1.87 | $2.25 | $2.44 | $3.16 |
Reported shareholders
Reported holdings Number of shares
| Holder | Shares held |
|---|---|
Capital Research Global Investors | 106.07M |
BlackRock, Inc. | 67.18M |
VANGUARD CAPITAL MANAGEMENT LLC | 51.28M |
Viessmann Maximilian | 37.98M |
VANGUARD PORTFOLIO MANAGEMENT LLC | 36.57M |
JPMORGAN CHASE & CO | 34.49M |
STATE STREET CORP | 34.39M |
Dodge & Cox | 27.48M |
Capital World Investors | 19.33M |
GEODE CAPITAL MANAGEMENT, LLC | 17.7M |
Fisher Asset Management, LLC | 13.05M |
MORGAN STANLEY | 10.96M |
AMERIPRISE FINANCIAL INC | 8.29M |
Bank of New York Mellon Corp | 8.05M |
NORTHERN TRUST CORP | 8.03M |
BANK OF AMERICA CORP /DE/ | 7.81M |
NORGES BANK | 7.63M |
GOLDMAN SACHS GROUP INC | 6.77M |
DIMENSIONAL FUND ADVISORS LP | 6.48M |
PineStone Asset Management Inc. | 6.33M |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| May 20, 2026Form 4 | Viessmann MaximilianDirector | SellCommon Stock · indirect | 12.09M | $62.01 | $750.00M | 37.98M |
| Nov 25, 2025Form 4 | Gitlin David L.Chairman and CEO | BuyCommon Stock | 19.3K | $52.62 | $1.02M | 534.5K |
| Jun 5, 2025Form 4 | Viessmann MaximilianDirector | SellCommon Stock · indirect | 4.27M | $70.30 | $300.00M | 54.34M |
| Feb 14, 2025Form 4 | Crockett KyleVP, Controller & CAO | SellCommon Stock | 18.9K | $65.18 | $1.23M | 4.6K |
| Nov 7, 2024Form 4 | Crockett KyleVP, Controller & CAO | SellCommon Stock | 11.6K | $76.34 | $889.1K | 2.0K |