1. MARKETS
  2. SECTOR : GENERAL & INDUSTRIAL MANUFACTURING
  3. INDUSTRY : INDUSTRIAL MACHINERY
  4. CARRIER GLOBAL CORP
Carrier Global Corp
XNYS: CARR
4.9M
XNYS Volume

XNYS 05 Oct, 2026 5:30 PM (EDT)

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Carrier Global quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for Carrier Global share price target, revenues, EPS, net income and more

Carrier Global quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Carrier Global Jun-2026 Quarterly Revenue is $6,351 Million which is growth of 3.9% YoY.

  • NEGATIVE

    Quarterly Net Profit Carrier Global Jun-2026 Quarterly Net Profit is $501 Million which is growth of -15.2% YoY.

Carrier Global Corp, Earnings Report - Quarterly Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
6,3515,3414,8375,5796,1135,2185,1485,9846,6896,1825,1025,7315,992
Cost Of Rev.
4,6234,0973,8764,1304,3443,7733,8044,3074,8114,4773,6683,9154,237
Gross Profit
1,7281,2449611,4491,7691,4451,3441,6771,8781,7051,4341,8161,755
⌄
9581,0049079549748829659711,1621,2091,131988935
Operating Profit
77024054495795563379706716496303828820
-105-90-94-97-91-82-818-166-165-47-51-67
Profit Before Tax
72117054338125486937703,524335559594422
Tax
180-96-32-11621117231721,15546120213189
⌄
501238534285914122,5514472,337269420357199
Diluted NI Avail to Com Stockholders Ann.
501238534285914122,5514472,337269420357199
Basic EPS
0.60.30.10.50.70.52.90.52.60.30.50.40.2
Diluted EPS After ExtraOrdinary
0.60.300.50.70.5-0.10.62.60.30.50.40.2
Number Of Shares End
828.1835839.2848.8854.9866.9890.1901.2902.4899.2839.4838.7836
Net Income Continuing Discontinued Operations
501238534285914122,5514472,337269420357199
Normalized Income
721482285576796569492705793565452765670
Interest Income
212121192430371391915643527
Interest
1261111151161151121181311851801118694
Net Interest Income
-105-90-94-97-91-82-818-166-165-47-51-67
EBIT
826260995309036307747623,690500606645489
EBITDA
1,1405754288551,2209331,0921,0514,001814741779626
Reconciled Cost Of Rev.
4,6234,0973,8764,1304,3443,7733,8044,3074,8114,4773,6683,9154,237
Reconciled Depr.
314315329325317303318289311314135134137
Profit From Continuing Operations
54026637434650437-30-1,4162,369289439381233
Normalized EBITDA
1,1615964498741,2449631,1291,1904,020829805814653
*All financials are in USD Million and price data in USD

Carrier Global competitor comparison and performance snapshot within industry

Carrier Global annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • NEGATIVE

    Annual Revenue Carrier Global Dec-2025 Annual Revenue is $21,747 Million which is growth of -3.3% YoY.

  • NEGATIVE

    Annual Net Profit Carrier Global Dec-2025 Annual Net Profit is $1,484 Million which is growth of -73.5% YoY.

Carrier Global Corp, Earnings Report - Annual Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17
2.1%
4.5%
 21,74722,48622,09820,42120,61317,45618,60818,91417,814
Cost Of Rev. Ann.
2.5%
5.5%
16,72616,12316,50515,71514,95714,63312,34713,18913,34512,629
Gross Profit Ann.
1%
1.9%
5,3825,6245,9816,3835,4645,9805,1095,4195,5695,185
Operating Exp. Ann.
6.8%
2.8%
3,8233,7173,8833,9143,0513,6233,2393,1623,0892,948
Operating Profit Ann.
-7.5%
0.4%
1,5591,9072,0982,4692,4132,3571,8702,2572,4802,237
-
-
-386-364-371-211-219-306-2882737-115
Other Exp. Ann.
-50.5%
-27.5%
 255547-1742,0983491,2733881,325932
PBT Ann.
-25.2%
-8.8%
1,3291,7982,2742,0844,2922,4002,8552,6723,8423,054
Tax Ann.
-30.3%
-22.3%
512401,0626447086998495171,0731,787
⌄
-25.1%
-5.6%
1,2201,4845,6041,3493,5341,6641,9821,7762,7341,227
Diluted NI Avail to Com Stockholders Ann.
-25.1%
-5.6%
1,2201,4845,6041,3493,5341,6641,9821,7762,7341,227
EPS Ann.
-26%
-5.9%
 1.76.21.64.21.92.32.13.21.4
Diluted EPS Ann.
-25.4%
-5.9%
 1.76.21.64.11.92.323.11.4
Number Of Shares End
0.2%
-0.7%
 839.2890.1839.4835.3865867.1866.2--
Total Exp. Ann.
3.3%
4.9%
 19,84020,38819,62918,00818,25615,58616,35116,43415,577
Net Income Continuing Discontinued Operations Ann.
-25.1%
-5.6%
1,2201,4845,6041,3493,5341,6641,9822,1162,7341,227
Normalized Income Ann.
3.4%
8.8%
2,0642,2302,3392,3292,0202,0131,4622,2842,157.9999.6
Interest Income Ann.
4.2%
56.5%
8294209151831310102121104
Interest Ann.
14.9%
9%
4684585803623023192987584219
EBITDA Ann.
-11.1%
-0.2%
2,9983,4363,8772,8374,8913,0443,4792,9804,2833,645
Reconciled Cost Of Rev. Ann.
2.5%
5.5%
16,72616,12316,50515,71514,95714,63312,34713,18913,34512,629
Reconciled Depr. Ann.
49.7%
30.5%
1,2831,2741,232542380338336335357372
Profit From Continuing Operations Ann.
-24.2%
-4.9%
1,2771,5581,2121,4403,5841,7012,0062,1552,7691,267
Normalized EBITDA Ann.
-10.9%
7.6%
3,0803,5173,8083,3894,9743,0592,4383,1903,4843,266
*All financials are in USD Million and price data in USD
Total Rev. Ann.
1Y CHG
-3.3%
2Y CAGR
-0.8%
3Y CAGR
2.1%
5Y CAGR
4.5%
7Y CAGR
2%
Total Revenue Annual is falling faster than historical averages.
Net Profit Ann.
1Y CHG
-73.5%
2Y CAGR
4.9%
3Y CAGR
-25.1%
5Y CAGR
-5.6%
7Y CAGR
-8.4%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
-4.3%
2Y CAGR
-2.5%
3Y CAGR
6.8%
5Y CAGR
2.8%
7Y CAGR
2.7%
Operating Expenses Annual Cr is falling faster than historical averages.

Carrier Global balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • NEGATIVE

    Total Shareholders Fund Carrier Global Dec-2025 Total Shareholders Fund is $13,804 Million which is growth of -2.0% YoY.

  • NEGATIVE

    Total Assets Carrier Global Dec-2025 Total Assets is $37,190 Million which is growth of -0.6% YoY.

Carrier Global Corp, Balance Sheet, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17
12.5%
8.2%
37,19037,40332,82226,08626,17225,09322,40621,737-
⌄
8.6%
4.5%
23,06223,00823,81718,01019,07818,5157,9717,468-
⌄
21.2%
17.2%
13,80414,0818,6777,7586,7676,25214,10213,917-
Total Capitalization Ann.
15.2%
9.1%
25,16925,10722,91916,46016,28016,28814,10213,917-
Tangible Assets Ann.
-
-
-8,023-6,952-340-3,561-3,091-4,9243,1352,854-
Working Capital Ann.
-
-
-------1,643
Invested Capital Ann.
-
-
-------13,917-
Tangible Book Value Ann.
-
-
-8,023-6,952-340-3,561-3,091-4,9243,1352,854-
Borrowings Ann.
-
-
--------
Net Debt Ann.
-
-
---------
Share Issued Ann.
2.7%
1.8%
951948.4883.1876.8873.4867.8866.2866.2-
Number Of Shares End
0.2%
-0.7%
839.2890.1839.4835.3865867.1866.2--
*All financials are in USD Million and price data in USD
Total Assets Ann.
1Y CHG
-0.6%
2Y CAGR
6.4%
3Y CAGR
12.5%
5Y CAGR
8.2%
7Y CAGR
8%
Total Assets Annual is falling faster than historical averages.
Total Current Liabilities Ann.
1Y CHG
-9.9%
2Y CAGR
1.6%
3Y CAGR
5.7%
5Y CAGR
6.8%
7Y CAGR
6.9%
Total Current Liabilities Annual Cr is falling faster than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
-2%
2Y CAGR
26.1%
3Y CAGR
21.2%
5Y CAGR
17.2%
7Y CAGR
-0.1%
Total ShareHolders Funds Annual is falling faster than historical averages.

Carrier Global ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • POSITIVE

    Book Value Per Share Carrier Global Book Value Per Share is $17 which is growth of 1.4% YoY.

  • NEUTRAL

    ROE Carrier Global ROE is 0% which is growth of 0% YoY.

Carrier Global Corp, Ratios, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17
RoA Ann. %
-
-
-------12.58%-
ROE Ann. %
-
-
-------19.64%-
ROIC %
-
-
---------
OPM Ann. %
-9.5%
-3.9%
8.77%9.33%11.17%11.82%11.43%10.71%12.13%13.11%12.56%
Inventory Turnover Ratio Ann.
-
-
-------9.8-
Asset Turnover Ann. %
-
-
-------0.9-
Working Capital Turnover Ann.
-
-
-------11.5-
Quick Ratio Ann.
-
-
-------1-
Current Ratio Ann.
-
-
-------1.4-
Interest Coverage Ratio Ann.
-
-
-------46.715
LT Debt To Equity Ann.
-
-
---------
*All financials are in USD Million and price data in USD

Carrier Global cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • POSITIVE

    Cash From Operating Activity Carrier Global Dec-2025 Cash From Operating Activity is $2,089 Million which is growth of 33.0% YoY.

  • POSITIVE

    Net Cash Flow Carrier Global Dec-2025 Net Cash Flow is $-2,926 Million which is growth of 79.2% YoY.

Carrier Global Corp, Cash Flow, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17
6.2%
4.3%
2,0891,5712,6071,7432,2371,6922,0022,0552,098
-
-
-343-11,025-6601,745-6921,106-213415271
-
-
-4,672-4,6114,612-2,931-1,562-681-1,967-2,627-2,193
Cash Plus Cash Eqv. End Of Year Ann.
-23.8%
-13%
1,5553,96910,0153,5202,9873,1159521,1291,324
Net Increase In Cash Plus Cash Eqv.s Ann.
-
-
-2,466-6,0986,559557-172,117-178-157176
Cash Plus Cash Eqv. Begin Of Year Ann.
9.5%
32.9%
3,9729,8533,5273,0263,1199571,1341,3301,090
Income Tax Paid Supplemental Data Ann.
-4.3%
-2.3%
7292,126942833-819759276917
Interest Paid Supplemental Data Ann.
12.4%
16.6%
422610320297-1968316216
Capex Ann.
-
-
-392-519-469-353-344-312-243-263-326
Issuance Of Capital Stock Ann.
-
-
---------
Issuance Of Debt Ann.
-51.9%
-66.7%
483,4125,60943214011,784-117-
Repayment Of Debt Ann.
-
-
-1,212-5,345-111-1,275-704-1,911--
Repurchase Of Capital Stock Ann.
-
-
-2,892-1,944-62-1,380-527----
Free Cash Flow Ann.
6.9%
4.2%
1,6971,0522,1381,3901,8931,3801,7591,7921,772
*All financials are in USD Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
33%
2Y CAGR
-10.5%
3Y CAGR
6.2%
5Y CAGR
4.3%
7Y CAGR
0.2%
Cash from Operating Activity Annual growth is higher than historical averages.