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Carrier Global Corporation(CARR)Earnings, Financials & Key Ratios
CARR•NYSE
40.9× P/E·Price updated Jun 17, 2026
AboutCarrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.Show more
- Revenue$21.75B-3.3%
- EBITDA$3.1B-20.2%
- Net Income$1.49B-73.4%
- EPS (Diluted)1.70-72.4%
- Gross Margin25.91%-3.3%
- EBITDA Margin14.23%-17.5%
- Operating Margin9.89%-16.0%
- Net Margin6.87%-72.5%
- ROE10.47%-78.1%
CARR Key Insights
Carrier Global Corporation (CARR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 24.7%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Share count reduced 7.1% through buybacks
- ✓Healthy 5Y average net margin of 13.5%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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CARR Price & Volume
Carrier Global Corporation (CARR) stock price & volume — 10-year historical chart
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CARR Growth Metrics
Carrier Global Corporation (CARR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years4.49%
3 Years7.95%
TTM-1.86%
Profit CAGR
10 Years-
5 Years-5.51%
3 Years-24.96%
TTM-77.05%
EPS CAGR
10 Years-
5 Years-5.45%
3 Years-25.43%
TTM-75.67%
Return on Capital
10 Years14.22%
5 Years11.94%
3 Years8.73%
Last Year7.22%
CARR Recent Earnings
Carrier Global Corporation (CARR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.57+12.2%
$0.51
Rev
$5.3B+6.5%
$5.0B
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$0.34-9.3%
$0.37
Rev
$4.8B-4.2%
$5.1B
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$0.67+5.7%
$0.63
Rev
$5.6B-1.3%
$5.7B
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$0.92+1.5%
$0.91
Rev
$6.1B+0.1%
$6.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.57vs $0.51+12.2% | $5.3Bvs $5.0B+6.5% |
| Q1 2026 | Feb 5, 2026 | $0.34vs $0.37-9.3% | $4.8Bvs $5.1B-4.2% |
| Q4 2025 | Oct 28, 2025 | $0.67vs $0.63+5.7% | $5.6Bvs $5.7B-1.3% |
| Q3 2025 | Jul 29, 2025 | $0.92vs $0.91+1.5% | $6.1Bvs $6.1B+0.1% |
Based on last 12 quarters of dataView full earnings history →
CARR Peer Comparison
Carrier Global Corporation (CARR) competitors in Building systems and controls — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TT | 104.58B | 472.51 | 36.40 | 7.48% | 13.42% | 34.69% | 0.54 | |
 LII | 17.96B | 516.11 | 23.23 | -2.73% | 14.89% | 72.05% | 1.77 | |
 JCI | 87.62B | 143.62 | 54.61 | 2.81% | 14.45% | 24.88% | 0.86 | |
 ALLE | 11.19B | 130.18 | 17.50 | 7.82% | 15.24% | 32.08% | 1.10 | |
 AAON | 10.92B | 133.36 | 103.38 | 20.11% | 7.3% | 13.4% | 0.48 | |
 DKNG | 13.05B | 26.32 | -3249.38 | 26.99% | 0.93% | 7.88% | 3.06 | |
 WMS | 10.66B | 139.16 | 25.58 | 5.03% | 13.98% | 22.18% | 0.91 | |
 GNRC | 15.74B | 268.20 | 99.70 | -2.02% | 4.37% | 7.18% | 0.51 |
Compare CARR vs Peers
Carrier Global Corporation (CARR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CARR Income Statement
Carrier Global Corporation (CARR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 17.81B | 18.91B | 18.61B | 17.46B | 20.61B | 17.29B | 18.95B | 22.49B | 21.75B | 21.87B |
Revenue Growth % | - | 6.17% | -1.62% | -6.19% | 18.09% | -16.13% | 9.62% | 18.65% | -3.29% | -1.86% |
Cost of Goods Sold | 12.58B | 13.31B | 13.15B | 12.33B | 14.61B | 12.98B | 13.78B | 16.46B | 16.11B | 16.44B |
COGS % of Revenue | 70.62% | 70.37% | 70.68% | 70.62% | 70.85% | 75.11% | 72.69% | 73.21% | 74.09% | - |
Gross Profit | 5.23B▲ 0% | 5.61B▲ 7.1% | 5.46B▼ 2.7% | 5.13B▼ 6.0% | 6.01B▲ 17.1% | 4.3B▼ 28.4% | 5.17B▲ 20.3% | 6.02B▲ 16.4% | 5.63B▼ 6.5% | 5.43B▲ 0% |
Gross Margin % | 29.38% | 29.63% | 29.32% | 29.38% | 29.15% | 24.89% | 27.31% | 26.79% | 25.91% | 24.83% |
Gross Profit Growth % | - | 7.11% | -2.68% | -5.98% | 17.14% | -28.38% | 20.26% | 16.39% | -6.46% | - |
Operating Expenses | 2.2B | 1.97B | 2.96B | 2.05B | 3.36B | 319M | 3.02B | 3.38B | 3.48B | 3.65B |
OpEx % of Revenue | 12.37% | 10.41% | 15.93% | 11.72% | 16.31% | 1.85% | 15.91% | 15.02% | 16.02% | - |
Selling, General & Admin | 2.38B | 2.48B | 2.52B | 2.59B | 2.98B | 1.94B | 2.47B | 3.2B | 3.08B | 3.22B |
SG&A % of Revenue | 13.37% | 13.1% | 13.53% | 14.84% | 14.45% | 11.21% | 13.01% | 14.22% | 14.16% | - |
Research & Development | 364M | 400M | 401M | 419M | 503M | 416M | 493M | 686M | 625M | 615M |
R&D % of Revenue | 2.04% | 2.11% | 2.15% | 2.4% | 2.44% | 2.41% | 2.6% | 3.05% | 2.87% | - |
Other Operating Expenses | -543M | -909M | 46M | -963M | -119M | -2.04B | 56M | -506M | -220M | -4M |
Operating Income | 3.03B▲ 0% | 3.64B▲ 20.0% | 2.49B▼ 31.5% | 3.08B▲ 23.8% | 2.65B▼ 14.2% | 3.98B▲ 50.6% | 2.16B▼ 45.8% | 2.65B▲ 22.5% | 2.15B▼ 18.7% | 1.78B▲ 0% |
Operating Margin % | 17.01% | 19.23% | 13.39% | 17.66% | 12.83% | 23.04% | 11.4% | 11.77% | 9.89% | 8.14% |
Operating Income Growth % | - | 20.03% | -31.51% | 23.77% | -14.21% | 50.62% | -45.78% | 22.5% | -18.75% | - |
EBITDA | 3.4B | 3.99B | 2.83B | 3.42B | 2.98B | 4.31B | 2.65B | 3.88B | 3.1B | 3.07B |
EBITDA Margin % | 19.1% | 21.12% | 15.19% | 19.59% | 14.47% | 24.94% | 13.99% | 17.25% | 14.23% | 14.02% |
EBITDA Growth % | - | 17.4% | -29.24% | 20.98% | -12.75% | 44.55% | -38.52% | 46.28% | -20.19% | -25.53% |
D&A (Non-Cash Add-back) | 372M | 357M | 335M | 336M | 338M | 328M | 491M | 1.23B | 945M | 1.29B |
EBIT | 2.64B | 2.87B | 2.64B | 2.08B | 2.57B | 1.96B | 2.21B | 2.33B | 1.84B | 1.86B |
Net Interest Income | -115M | 37M | 27M | -288M | -306M | -219M | -160M | -371M | -176M | -184M |
Interest Income | 104M | 121M | 102M | 10M | 13M | 83M | 146M | 209M | 169M | 139M |
Interest Expense | 219M | 84M | 75M | 298M | 319M | 302M | 306M | 580M | 345M | 323M |
Other Income/Expense | 24M | 205M | 181M | -228M | -245M | -161M | -161M | -372M | -352M | -360M |
Pretax Income | 3.05B▲ 0% | 3.84B▲ 25.8% | 2.67B▼ 30.5% | 2.85B▲ 6.8% | 2.4B▼ 15.9% | 3.82B▲ 59.3% | 2B▼ 47.7% | 2.27B▲ 13.8% | 1.8B▼ 20.9% | 1.42B▲ 0% |
Pretax Margin % | 17.14% | 20.31% | 14.36% | 16.36% | 11.64% | 22.11% | 10.55% | 10.11% | 8.27% | 6.49% |
Income Tax | 1.79B | 1.07B | 517M | 849M | 699M | 616M | 521M | 1.06B | 306M | 99M |
Effective Tax Rate % | 58.51% | 27.93% | 19.35% | 29.74% | 29.13% | 16.11% | 26.06% | 46.7% | 17.02% | 6.97% |
Net Income | 1.23B▲ 0% | 2.73B▲ 122.8% | 2.12B▼ 22.6% | 1.98B▼ 6.3% | 1.66B▼ 16.0% | 3.53B▲ 112.4% | 1.35B▼ 61.8% | 5.6B▲ 315.4% | 1.49B▼ 73.4% | 1.32B▲ 0% |
Net Margin % | 6.89% | 14.45% | 11.37% | 11.35% | 8.07% | 20.44% | 7.12% | 24.92% | 6.87% | 6.03% |
Net Income Growth % | - | 122.82% | -22.6% | -6.33% | -16.04% | 112.38% | -61.83% | 315.42% | -73.36% | -77.05% |
Net Income (Continuing) | 1.27B | 2.77B | 2.15B | 2.01B | 1.7B | 3.21B | 1.48B | 1.21B | 1.49B | 1.32B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 377M | -38M | 4.5B | 4M | -1000K |
Minority Interest | 371M | 352M | 333M | 326M | 327M | 318M | 328M | 314M | 324M | 349M |
EPS (Diluted) | 0.00▲ 0% | 3.16▲ 0% | 2.44▼ 22.8% | 2.25▼ 7.8% | 1.87▼ 16.9% | 4.10▲ 119.3% | 1.63▼ 60.2% | 6.15▲ 277.3% | 1.70▼ 72.4% | 1.57▲ 0% |
EPS Growth % | - | - | -22.78% | -7.79% | -16.89% | 119.25% | -60.24% | 277.3% | -72.36% | -75.67% |
EPS (Basic) | 0.00 | 3.16 | 2.44 | 2.29 | 1.92 | 4.19 | 1.61 | 6.24 | 1.74 | - |
Diluted Shares Outstanding | 872.8M | 872.8M | 866.22M | 880.2M | 890.3M | 861.2M | 853M | 911.7M | 846.7M | 842.8M |
Basic Shares Outstanding | 866.2M | 866.2M | 866.22M | 866.5M | 867.7M | 843.4M | 837.3M | 898.2M | 839.2M | 835M |
Dividend Payout Ratio | - | - | - | 6.96% | 25.06% | 14.4% | 45.96% | 11.96% | 51.71% | - |
CARR Balance Sheet
Carrier Global Corporation (CARR) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 6B | 6.11B | 5.96B | 8.52B | 11.41B | 9.88B | 19.58B | 9.89B | 8.53B | 9.02B |
Cash & Short-Term Investments | 1.32B | 1.13B | 952M | 3.12B | 2.99B | 3.52B | 9.85B | 3.97B | 1.55B | 1.37B |
Cash Only | 1.32B | 1.13B | 952M | 3.12B | 2.99B | 3.52B | 9.85B | 3.97B | 1.55B | 1.37B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 2.66B | 3.24B | 3.35B | 3.44B | 2.91B | 3.37B | 2.08B | 2.65B | 2.64B | 3.13B |
Days Sales Outstanding | 54.46 | 62.51 | 65.67 | 71.87 | 51.46 | 71.15 | 40.06 | 43.03 | 44.29 | 51.2 |
Inventory | 1.53B | 1.36B | 1.33B | 1.63B | 1.97B | 2.64B | 1.82B | 2.3B | 2.48B | 2.58B |
Days Inventory Outstanding | 44.36 | 37.38 | 36.96 | 48.23 | 49.23 | 74.21 | 48.3 | 50.97 | 56.25 | 60.81 |
Other Current Assets | 489M | 378M | 327M | 343M | 3.54B | 349M | 5.82B | 972M | 1.86B | 1.93B |
Total Non-Current Assets | 15.98B | 15.63B | 16.45B | 16.57B | 14.77B | 16.21B | 13.25B | 27.51B | 28.66B | 28.17B |
Property, Plant & Equipment | 1.68B | 1.65B | 2.5B | 2.6B | 2.47B | 2.88B | 2.58B | 3.55B | 3.71B | 3.67B |
Fixed Asset Turnover | 10.58x | 11.44x | 7.46x | 6.72x | 8.36x | 6.00x | 7.34x | 6.33x | 5.86x | 5.87x |
Goodwill | 10.06B | 9.85B | 9.88B | 10.14B | 9.35B | 9.98B | 7.52B | 14.6B | 15.5B | 15.31B |
Intangible Assets | 1.3B | 1.21B | 1.08B | 1.04B | 509M | 1.34B | 945M | 6.43B | 6.33B | 5.99B |
Long-Term Investments | 1.69B | 1.77B | 1.74B | 1.51B | 1.59B | 1.15B | 1.14B | 1.19B | 1.32B | 5.39B |
Other Non-Current Assets | 1.25B | 744M | 746M | 833M | 285M | 245M | 342M | 601M | 1.8B | 727M |
Total Assets | 21.98B▲ 0% | 21.74B▼ 1.1% | 22.41B▲ 3.1% | 25.09B▲ 12.0% | 26.17B▲ 4.3% | 26.09B▼ 0.3% | 32.82B▲ 25.8% | 37.4B▲ 14.0% | 37.19B▼ 0.6% | 37.19B▲ 0% |
Asset Turnover | 0.81x | 0.87x | 0.83x | 0.70x | 0.79x | 0.66x | 0.58x | 0.60x | 0.58x | 0.58x |
Asset Growth % | - | -1.13% | 3.08% | 11.99% | 4.3% | -0.33% | 25.82% | 13.96% | -0.57% | -8.6% |
Total Current Liabilities | 4.25B | 4.47B | 4.47B | 5.11B | 6.63B | 6.03B | 6.98B | 7.89B | 7.11B | 8.59B |
Accounts Payable | 1.81B | 1.94B | 1.7B | 1.94B | 2.33B | 2.83B | 2.48B | 2.46B | 2.7B | 2.98B |
Days Payables Outstanding | 52.45 | 53.31 | 47.2 | 57.32 | 58.33 | 79.63 | 65.79 | 54.5 | 61.21 | 65.8 |
Short-Term Debt | 23M | 150M | 237M | 191M | 183M | 140M | 51M | 1.25B | 468M | 1.74B |
Deferred Revenue (Current) | 0 | 472M | 469M | 512M | 415M | 449M | 425M | 553M | 0 | 0 |
Other Current Liabilities | 1.05B | 0 | 0 | -161M | 1.13B | 0 | 1.02B | -553M | 3.94B | 3.87B |
Current Ratio | 1.41x | 1.37x | 1.33x | 1.67x | 1.72x | 1.64x | 2.80x | 1.25x | 1.20x | 1.05x |
Quick Ratio | 1.05x | 1.06x | 1.04x | 1.35x | 1.42x | 1.20x | 2.54x | 0.96x | 0.85x | 0.75x |
Cash Conversion Cycle | 46.37 | 46.57 | 55.43 | 62.78 | 42.36 | 65.73 | 22.57 | 39.51 | 39.33 | 46.21 |
Total Non-Current Liabilities | 2.95B | 3B | 3.5B | 13.4B | 12.45B | 11.98B | 16.84B | 15.12B | 15.95B | 14.8B |
Long-Term Debt | 135M | 137M | 75M | 10.04B | 9.51B | 8.7B | 14.24B | 11.03B | 11.78B | 10.42B |
Capital Lease Obligations | 0 | 0 | 687M | 642M | 527M | 529M | 333M | 432M | 418M | 1.7B |
Deferred Tax Liabilities | 0 | 1.28B | 1.1B | 479M | 354M | 568M | 523M | 2.02B | 1.83B | 7.55B |
Other Non-Current Liabilities | 2.82B | 1.72B | 1.64B | 2.25B | 2.06B | 2.18B | 1.74B | 1.64B | 1.91B | 2.27B |
Total Liabilities | 7.2B | 7.47B | 7.97B | 18.52B | 19.08B | 18.01B | 23.82B | 23.01B | 23.06B | 23.39B |
Total Debt | 158M | 287M | 682M | 11.03B | 10.22B | 9.37B | 14.63B | 12.71B | 12.67B | 12.57B |
Net Debt | -1.17B | -842M | -270M | 7.92B | 7.24B | 5.85B | 4.77B | 8.74B | 11.11B | 11.2B |
Debt / Equity | 0.01x | 0.02x | 0.05x | 1.68x | 1.44x | 1.16x | 1.62x | 0.88x | 0.90x | 0.91x |
Debt / EBITDA | 0.05x | 0.07x | 0.24x | 3.23x | 3.43x | 2.17x | 5.52x | 3.28x | 4.09x | 4.10x |
Net Debt / EBITDA | -0.34x | -0.21x | -0.10x | 2.32x | 2.43x | 1.36x | 1.80x | 2.25x | 3.59x | 3.65x |
Interest Coverage | 12.07x | 34.12x | 35.24x | 6.96x | 8.05x | 6.48x | 7.21x | 4.02x | 5.33x | 5.76x |
Total Equity | 14.78B▲ 0% | 14.27B▼ 3.5% | 14.44B▲ 1.2% | 6.58B▼ 54.4% | 7.09B▲ 7.8% | 8.08B▲ 13.8% | 9.01B▲ 11.5% | 14.39B▲ 59.9% | 14.13B▼ 1.9% | 13.8B▲ 0% |
Equity Growth % | - | -3.48% | 1.16% | -54.43% | 7.84% | 13.84% | 11.5% | 59.86% | -1.85% | 0.64% |
Book Value per Share | 16.94 | 16.35 | 16.66 | 7.47 | 7.97 | 9.38 | 10.56 | 15.79 | 16.69 | 16.38 |
Total Shareholders' Equity | 14.41B | 13.92B | 14.1B | 6.25B | 6.77B | 7.76B | 8.68B | 14.08B | 13.8B | 13.45B |
Common Stock | 15.03B | 15.13B | 15.36B | 9M | 9M | 9M | 9M | 9M | 10M | 10M |
Retained Earnings | 0 | 0 | 0 | 1.64B | 2.87B | 5.87B | 6.59B | 11.48B | 12.19B | 12.43B |
Treasury Stock | 0 | 0 | 0 | 0 | -529M | -1.91B | -1.97B | -3.92B | -6.79B | -7.1B |
Accumulated OCI | -617M | -1.22B | -1.25B | -745M | -989M | -1.69B | -1.49B | -2.11B | -269M | -560M |
Minority Interest | 371M | 352M | 333M | 326M | 327M | 318M | 328M | 314M | 324M | 349M |
CARR Cash Flow Statement
Carrier Global Corporation (CARR) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 2.1B | 2.06B | 2.06B | 1.69B | 2.24B | 1.74B | 2.61B | 563M | 2.09B | 2.08B |
Operating CF Margin % | 11.78% | 10.87% | 11.09% | 9.69% | 10.85% | 10.08% | 13.76% | 2.5% | 9.61% | - |
Operating CF Growth % | - | -2.05% | 0.39% | -17.98% | 32.21% | -22.08% | 49.57% | -78.4% | 271.05% | 808.88% |
Net Income | 1.27B | 2.77B | 2.15B | 2.01B | 1.7B | 3.21B | 1.48B | 1.21B | 1.49B | 1.32B |
Depreciation & Amortization | 372M | 357M | 335M | 336M | 338M | 328M | 491M | 1.23B | 1.27B | 1.29B |
Stock-Based Compensation | 34M | 44M | 52M | 77M | 92M | 65M | 71M | 86M | 74M | 72M |
Deferred Taxes | 872M | 133M | -122M | 97M | -74M | -106M | -243M | -352M | -401M | -511M |
Other Non-Cash Items | -675M | -924M | 3M | -910M | -137M | -1.51B | 307M | -1.95B | -208M | 81M |
Working Capital Changes | 228M | -324M | -360M | 86M | 317M | -241M | 503M | 339M | -143M | -257M |
Change in Receivables | 159M | -278M | -106M | 40M | -144M | -51M | -161M | -40M | -98M | -245M |
Change in Inventory | -102M | -151M | -2M | -240M | -408M | -173M | 123M | 292M | -81M | 82M |
Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -219M | 132M |
Cash from Investing | 271M | 415M | -259M | 1.11B | -692M | 1.75B | -660M | -2.02B | -343M | -350M |
Capital Expenditures | -326M | -263M | -243M | -312M | -344M | -317M | -439M | -519M | -392M | -423M |
CapEx % of Revenue | 1.83% | 1.39% | 1.31% | 1.79% | 1.67% | 1.83% | 2.32% | 2.31% | 1.8% | 1.93% |
Acquisitions | 472M | -310M | 0 | 0 | -366M | 2.29B | -30M | -10.26B | 0 | -103M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 125M | -44M | -22M | 1M | 7M | -36M | -141M | 9.01B | 81M | 150M |
Cash from Financing | -2.19B | -2.63B | -1.98B | -681M | -1.56B | -2.93B | 4.61B | -4.64B | -4.67B | -2.07B |
Debt Issued (Net) | -8M | 120M | -6M | 9.85B | -551M | -992M | 5.49B | -1.88B | -889M | 733M |
Equity Issued (Net) | -286M | 0 | 0 | 0 | -527M | -1.38B | -62M | -1.94B | -2.89B | -1.91B |
Dividends Paid | 0 | 0 | 0 | -138M | -417M | -509M | -620M | -670M | -772M | -775M |
Share Repurchases | -286M | 0 | 0 | 0 | -527M | -1.38B | -62M | -1.94B | -2.89B | -1.91B |
Other Financing | -1.9B | -2.75B | -1.98B | -10.39B | -67M | -50M | -199M | -139M | -119M | -114M |
Net Change in Cash | 0▲ 0% | 1.13B▲ 0% | -177M▼ 115.7% | 2.16B▲ 1322.0% | -89M▼ 104.1% | 501M▲ 662.9% | 6.33B▲ 1162.7% | -5.88B▼ 193.0% | -2.42B▲ 58.9% | -328M▲ 0% |
Free Cash Flow | 1.77B▲ 0% | 1.79B▲ 1.1% | 1.82B▲ 1.6% | 1.38B▼ 24.2% | 1.89B▲ 37.2% | 1.43B▼ 24.7% | 2.17B▲ 52.0% | 44M▼ 98.0% | 1.7B▲ 3756.8% | 1.66B▲ 0% |
FCF Margin % | 9.95% | 9.47% | 9.78% | 7.91% | 9.18% | 8.25% | 11.44% | 0.2% | 7.8% | 7.59% |
FCF Growth % | - | 1.13% | 1.56% | -24.18% | 37.17% | -24.67% | 52.03% | -97.97% | 3756.82% | 215.4% |
FCF per Share | 2.03 | 2.05 | 2.10 | 1.57 | 2.13 | 1.66 | 2.54 | 0.05 | 2.00 | 1.97 |
FCF Conversion (FCF/Net Income) | 1.71x | 0.75x | 0.97x | 0.85x | 1.34x | 0.49x | 1.93x | 0.10x | 1.40x | 1.26x |
Interest Paid | 216M | 16M | 83M | 196M | 317M | 297M | 320M | 610M | 0 | 0 |
Taxes Paid | 917M | 276M | 759M | 819M | 675M | 833M | 942M | 2.13B | 0 | 0 |
CARR Key Ratios
Carrier Global Corporation (CARR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 18.82% | 14.74% | 18.86% | 24.34% | 46.59% | 15.8% | 47.9% | 10.47% | 9.13% |
Return on Invested Capital (ROIC) | 20.17% | 13.54% | 16.14% | 13.76% | 21.15% | 11.69% | 10.75% | 6.67% | 5.28% |
Gross Margin | 29.63% | 29.32% | 29.38% | 29.15% | 24.89% | 27.31% | 26.79% | 25.91% | 24.83% |
Net Margin | 14.45% | 11.37% | 11.35% | 8.07% | 20.44% | 7.12% | 24.92% | 6.87% | 6.03% |
Debt / Equity | 0.02x | 0.05x | 1.68x | 1.44x | 1.16x | 1.62x | 0.88x | 0.90x | 0.91x |
Interest Coverage | 34.12x | 35.24x | 6.96x | 8.05x | 6.48x | 7.21x | 4.02x | 5.33x | 5.76x |
FCF Conversion | 0.75x | 0.97x | 0.85x | 1.34x | 0.49x | 1.93x | 0.10x | 1.40x | 1.26x |
Revenue Growth | 6.17% | -1.62% | -6.19% | 18.09% | -16.13% | 9.62% | 18.65% | -3.29% | -1.86% |
Related:CARR Dividend History·CARR Revenue History·CARR Price History·CARR P/E History·CARR Financial Ratios·CARR Institutional Holders
CARR SEC Filings & Documents
Carrier Global Corporation (CARR) SEC filings — annual & quarterly reports (10-K, 10-Q)
CARR Frequently Asked Questions
Carrier Global Corporation (CARR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Carrier Global Corporation (CARR) reported $21.87B in revenue for fiscal year 2025. This represents a 23% increase from $17.81B in 2017.
Carrier Global Corporation (CARR) saw revenue decline by 3.3% over the past year.
Yes, Carrier Global Corporation (CARR) is profitable, generating $1.32B in net income for fiscal year 2025 (6.9% net margin).
Dividend & Returns
Yes, Carrier Global Corporation (CARR) pays a dividend with a yield of 1.31%. This makes it attractive for income-focused investors.
Carrier Global Corporation (CARR) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.
Carrier Global Corporation (CARR) generated $1.66B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.