CARRIER GLOBAL Corp (CARR) Financial Statements
Industry: Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
In fiscal 2025, CARRIER GLOBAL reported revenue of $21.75B, down 3.3% from $22.49B the year before. Net income was $1.48B (a 6.8% net margin), or $1.72 per diluted share. Gross margin was 8.8% and operating margin was 10.0%. Operating activities generated $2.51B of cash, leaving $2.12B of free cash flow. At fiscal year end, CARRIER GLOBAL held $37.19B in total assets against $23.06B in total liabilities, including $1.55B of cash and equivalents.
Open the full interactive CARRIER GLOBAL financials → Quarterly statements, key ratios, valuation history and price charts.
CARRIER GLOBAL Key Stats
| Share Price | $55.03 |
|---|---|
| Market Cap | $46.03B |
| P/E Ratio | 32.0 |
| Revenue YoY Growth | -3.3% |
| 52-Week Range | $49.79 – $75.73 |
| Shares Outstanding | 828.1 million (basic, 2026 Q2) |
CARRIER GLOBAL Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $17.46B | $20.61B | $20.42B | $22.10B | $22.49B | $21.75B |
| Cost of Goods Sold | $15.59B | $18.26B | $18.01B | $19.63B | $16.50B | $19.84B |
| Gross Profit | $1.87B | $2.36B | $2.41B | $2.47B | $5.98B | $1.91B |
| Operating Income | $3.08B | $2.65B | $4.51B | $2.30B | $2.65B | $2.17B |
| Pre-Tax Income | $2.85B | $2.40B | $4.29B | $2.08B | $2.27B | $1.80B |
| Income Tax | $849.0M | $699.0M | $708.0M | $644.0M | $1.06B | $240.0M |
| Net Income | $1.98B | $1.66B | $3.53B | $1.35B | $5.60B | $1.48B |
| Diluted EPS | $2.25 | $1.87 | $4.10 | $1.58 | $6.15 | $1.72 |
CARRIER GLOBAL Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $5.58B | $4.84B | $5.34B | $6.35B |
| Net Income | $428.0M | $53.0M | $238.0M | $501.0M |
| Diluted EPS | $0.50 | $0.06 | $0.28 | $0.60 |
CARRIER GLOBAL Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.12B | $2.99B | $3.52B | $10.02B | $3.97B | $1.55B |
| Current Assets | $8.52B | $11.41B | $9.88B | $18.78B | $9.89B | $8.53B |
| Total Assets | $25.09B | $26.17B | $26.09B | $32.82B | $37.40B | $37.19B |
| Current Liabilities | $5.11B | $6.63B | $6.03B | $6.89B | $7.89B | $7.11B |
| Total Long-Term Debt | $10.23B | $9.70B | $8.84B | $14.29B | $12.28B | $11.47B |
| Total Liabilities | $18.52B | $19.08B | $18.01B | $23.82B | $23.01B | $23.06B |
| Shareholders' Equity | $6.58B | $7.09B | $8.08B | $9.01B | $14.39B | $14.13B |
CARRIER GLOBAL Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.69B | $2.24B | $1.74B | $2.61B | $563.0M | $2.51B |
| Cash From Investing | $1.11B | -$692.0M | $1.75B | -$660.0M | -$2.02B | -$307.0M |
| Cash From Financing | -$681.0M | -$1.56B | -$2.93B | $4.61B | -$4.64B | -$4.67B |
| Free Cash Flow | $1.38B | $1.89B | $1.39B | $2.14B | $44.0M | $2.12B |
Figures from CARRIER GLOBAL's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full CARRIER GLOBAL financials page for every line item.
CARRIER GLOBAL Company Profile
| Ticker | CARR |
|---|---|
| Exchange | NYSE |
| Industry | Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip |
| Headquarters | Palm Beach Gardens, Florida |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001783180 |
Frequently Asked Questions
What was CARRIER GLOBAL's revenue in fiscal 2025?
CARRIER GLOBAL (CARR) reported revenue of $21.75B for fiscal 2025.
What is CARRIER GLOBAL's annual revenue history?
CARRIER GLOBAL's annual revenue by fiscal year: 2020: $17.46B; 2021: $20.61B; 2022: $20.42B; 2023: $22.10B; 2024: $22.49B; 2025: $21.75B.
What was CARRIER GLOBAL's net income in fiscal 2025?
CARRIER GLOBAL reported net income of $1.48B for fiscal 2025.
What was CARRIER GLOBAL's earnings per share (EPS) in fiscal 2025?
CARRIER GLOBAL's diluted EPS was $1.72 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did CARRIER GLOBAL generate in fiscal 2025?
CARRIER GLOBAL generated $2.12B of free cash flow in fiscal 2025.
What was CARRIER GLOBAL's revenue last quarter?
In its most recent reported quarter (2026 Q2), CARRIER GLOBAL reported revenue of $6.35B.
How much debt does CARRIER GLOBAL have?
CARRIER GLOBAL reported $11.47B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of CARRIER GLOBAL are outstanding?
CARRIER GLOBAL reported a weighted average of 828.1 million basic shares outstanding in 2026 Q2.
What is CARRIER GLOBAL's market cap?
Based on its latest closing price, CARRIER GLOBAL (CARR) has a market capitalization of about $46.03B.
When does CARRIER GLOBAL's fiscal year end?
CARRIER GLOBAL's fiscal year end, as registered with the SEC, is December 31.
Where is CARRIER GLOBAL headquartered?
CARRIER GLOBAL lists its business address in Palm Beach Gardens, Florida in its SEC filings.