Carrier Global Corporation (CARR) Earnings History
Annual and quarterly earnings data from 2017 to 2025
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CARR EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
CARR Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 25.9% | 9.9% | 6.9% |
| 2024 | 26.8% | 11.8% | 24.9% |
| 2023 | 27.3% | 11.4% | 7.1% |
| 2022 | 24.9% | 23.0% | 20.4% |
| 2021 | 29.1% | 12.8% | 8.1% |
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Carrier Global Corporation (CARR) Earnings Overview
As of May 6, 2026, Carrier Global Corporation (CARR) reported trailing twelve-month net income of $1.32B, reflecting -72.4% year-over-year growth. The company earned $1.56 per diluted share over the past four quarters, with a net profit margin of 6.9%.
Looking at the long-term picture, CARR's 5-year EPS compound annual growth rate (CAGR) stands at -5.5%, signaling declining earnings. The company achieved its highest annual net income of $5.60B in fiscal 2024.
Carrier Global Corporation maintains positive profitability with a gross margin of 25.9%, operating margin of 9.9%, and net margin of 6.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including TT ($2.90B net income, 13.7% margin), LII ($783M net income, 15.1% margin), JCI ($2.36B net income, 13.9% margin), CARR has room to improve margins relative to the peer group. Compare CARR vs TT →
CARR Earnings vs Peers
Earnings metrics vs comparable public companies
CARR Historical Earnings Data (2017–2025)
9 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.49B | -73.4% | $2.15B | $1.70 | 6.9% | 9.9% |
| 2024 | $5.60B | +315.4% | $2.65B | $6.15 | 24.9% | 11.8% |
| 2023 | $1.35B | -61.8% | $2.16B | $1.63 | 7.1% | 11.4% |
| 2022 | $3.53B | +112.4% | $3.98B | $4.10 | 20.4% | 23.0% |
| 2021 | $1.66B | -16.0% | $2.65B | $1.87 | 8.1% | 12.8% |
| 2020 | $1.98B | -6.3% | $3.08B | $2.25 | 11.4% | 17.7% |
| 2019 | $2.12B | -22.6% | $2.49B | $2.44 | 11.4% | 13.4% |
| 2018 | $2.73B | +122.8% | $3.64B | $3.16 | 14.5% | 19.2% |
| 2017 | $1.23B | - | $3.03B | $0.00 | 6.9% | 17.0% |
Full CARR Stock Analysis
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Start ComparisonCARR — Frequently Asked Questions
Quick answers to the most common questions about buying CARR stock.
Is CARR growing earnings?
CARR EPS fell to $1.56, with earnings declining -72.4%. This contrasts with the 5-year CAGR of -5.5%. TTM net income dropped to $1.3B.
What are CARR's profit margins?
Carrier Global Corporation net margin is +6.9%, with operating margin at +9.9%. Margins sit within typical range for the sector.
How consistent are CARR's earnings?
CARR earnings data spans 2017-2025. The declining earnings trend is -72.4% YoY. Historical data enables comparison across business cycles.