Carrier Global Corporation (CARR) quarterly income statement — complete revenue, gross profit & net income history
Carrier Global Corporation (CARR) annual income statement — 9-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 6.35B | 5.34B | 4.84B | 5.58B | 6.11B | 5.22B | 5.15B | 5.98B | 5.93B | 5.42B | 5.1B | 4.93B | 5.99B | 5.27B | 5.11B | 5.45B | 5.21B | 4.65B | 5.13B | 5.34B |
| Revenue Growth % | 3.89% | 2.36% | -6.04% | -6.77% | 3.02% | -3.73% | 0.9% | 21.26% | -0.97% | 2.79% | -0.06% | -9.47% | 14.99% | 13.3% | -0.55% | 2.06% | -4.21% | -0.96% | 11.73% | 6.78% |
| Cost of Goods Sold | 4.62B | 4.1B | 3.88B | 4.13B | 4.34B | 3.77B | 3.8B | 4.31B | 4.36B | 4.04B | 3.67B | 3.45B | 4.24B | 3.9B | 3.86B | 3.97B | 3.76B | 3.36B | 3.77B | 3.74B |
| COGS % of Revenue | 72.79% | 76.71% | 80.13% | 74.03% | 71.06% | 72.31% | 73.89% | 71.98% | 73.46% | 74.45% | 71.89% | 69.89% | 70.71% | 73.87% | 75.57% | 72.9% | 72.23% | 72.22% | 73.39% | 70.02% |
| Gross Profit | 1.73B | 1.24B | 961M | 1.45B | 1.77B | 1.45B | 1.34B | 1.68B | 1.57B | 1.39B | 1.43B | 1.49B | 1.75B | 1.38B | 1.25B | 1.48B | 1.45B | 1.29B | 1.37B | 1.6B |
| Gross Margin % | 27.21% | 23.29% | 19.87% | 25.97% | 28.94% | 27.69% | 26.11% | 28.02% | 26.54% | 25.55% | 28.11% | 30.11% | 29.29% | 26.13% | 24.43% | 27.1% | 27.77% | 27.78% | 26.61% | 29.98% |
| Gross Profit Growth % | -2.32% | -13.91% | -28.5% | -13.6% | 12.32% | 4.33% | -6.28% | 12.85% | -10.26% | 0.51% | 15% | 0.61% | 21.29% | 6.57% | -8.71% | -7.75% | -10.62% | -7.25% | 6.3% | 2.56% |
| Operating Expenses | 958M | 1B | 907M | 954M | 974M | 882M | 965M | 914M | 851M | 1B | 827M | 976M | 1.27B | 823M | 814M | -49M | 628M | -444M | 903M | 773M |
| OpEx % of Revenue | 15.08% | 18.8% | 18.75% | 17.1% | 15.93% | 16.9% | 18.75% | 15.27% | 14.34% | 18.45% | 16.21% | 19.78% | 21.13% | 15.61% | 15.95% | -0.9% | 12.05% | -9.54% | 17.59% | 14.47% |
| Selling, General & Admin | 810M | 861M | 747M | 803M | 813M | 729M | 803M | 799M | 789M | 807M | 961M | 664M | 784M | 721M | 673M | 624M | 614M | 601M | 816M | 748M |
| SG&A % of Revenue | 12.75% | 16.12% | 15.44% | 14.39% | 13.3% | 13.97% | 15.6% | 13.35% | 13.3% | 14.89% | 18.84% | 13.45% | 13.08% | 13.67% | 13.18% | 11.45% | 11.78% | 12.91% | 15.9% | 14% |
| Research & Development | 148M | 143M | 160M | 151M | 161M | 153M | 162M | 172M | 160M | 192M | 170M | 126M | 151M | 139M | 149M | 143M | 122M | 125M | 134M | 123M |
| R&D % of Revenue | 2.33% | 2.68% | 3.31% | 2.71% | 2.63% | 2.93% | 3.15% | 2.87% | 2.7% | 3.54% | 3.33% | 2.55% | 2.52% | 2.64% | 2.92% | 2.62% | 2.34% | 2.69% | 2.61% | 2.3% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | 770M | 240M | 54M | 495M | 795M | 563M | 379M | 763M | 724M | 385M | 607M | 510M | 489M | 555M | 433M | 1.53B | 819M | 1.74B | 463M | 828M |
| Operating Margin % | 12.12% | 4.49% | 1.12% | 8.87% | 13.01% | 10.79% | 7.36% | 12.75% | 12.2% | 7.1% | 11.9% | 10.33% | 8.16% | 10.53% | 8.48% | 27.99% | 15.72% | 37.32% | 9.02% | 15.5% |
| Operating Income Growth % | -3.14% | -57.37% | -85.75% | -35.12% | 9.81% | 46.23% | -37.56% | 49.61% | 48.06% | -30.63% | 40.18% | -66.58% | -40.29% | -68.05% | -6.48% | 84.3% | 4.6% | 204.2% | -62.81% | -23.4% |
| EBITDA | 826M | 555M | 383M | 820M | 1.11B | 866M | 697M | 1.07B | 1.02B | 693M | 742M | 605M | 626M | 691M | 556M | 1.63B | 895M | 1.82B | 550M | 911M |
| EBITDA Margin % | 13.01% | 10.39% | 7.92% | 14.7% | 18.19% | 16.6% | 13.54% | 17.96% | 17.16% | 12.79% | 14.54% | 12.26% | 10.45% | 13.1% | 10.89% | 29.87% | 17.18% | 39.02% | 10.71% | 17.06% |
| EBITDA Growth % | -25.72% | -35.91% | -45.05% | -23.72% | 9.23% | 24.96% | -6.06% | 77.69% | 62.62% | 0.29% | 33.45% | -62.84% | -30.06% | -61.95% | 1.09% | 78.7% | 3.11% | 177.68% | -58.96% | -21.67% |
| D&A (Non-Cash Add-back) | 0 | 315M | 329M | 325M | 317M | 303M | 318M | 312M | 294M | 308M | 135M | 95M | 137M | 136M | 123M | 102M | 76M | 79M | 87M | 83M |
| EBIT | 826M | 281M | 120M | 549M | 927M | 660M | 811M | 901M | 742M | 400M | 670M | 544M | 516M | 580M | 453M | 1.54B | 825M | 1.77B | 477M | 844M |
| Net Interest Income | -105M | -90M | 94M | -97M | -91M | -82M | -81M | 8M | -157M | -141M | -34M | -39M | -67M | -46M | -54M | -56M | -61M | -48M | -68M | -74M |
| Interest Income | 0 | 21M | 96M | 19M | 24M | 30M | 37M | 139M | 18M | 15M | 63M | 34M | 27M | 25M | 22M | 15M | 7M | 39M | 4M | 2M |
| Interest Expense | 105M | 111M | 2M | 116M | 115M | 112M | 118M | 131M | 175M | 156M | 97M | 73M | 94M | 71M | 76M | 71M | 68M | 87M | 72M | 76M |
| Other Income/Expense | -49M | -70M | -49M | -62M | 17M | -15M | 314M | 7M | -157M | -141M | -48M | -39M | -67M | -46M | -56M | -56M | -62M | -49M | -58M | -60M |
| Pretax Income | 721M | 170M | 5M | 433M | 812M | 548M | 693M | 770M | 567M | 244M | 559M | 471M | 422M | 509M | 377M | 1.47B | 757M | 1.69B | 405M | 768M |
| Pretax Margin % | 11.35% | 3.18% | 0.1% | 7.76% | 13.28% | 10.5% | 13.46% | 12.87% | 9.56% | 4.5% | 10.96% | 9.54% | 7.04% | 9.65% | 7.38% | 26.97% | 14.53% | 36.27% | 7.89% | 14.38% |
| Income Tax | 180M | -96M | -32M | -1M | 162M | 111M | 723M | 172M | 120M | 47M | 120M | 177M | 189M | 122M | 99M | 138M | 170M | 301M | 73M | 288M |
| Effective Tax Rate % | 24.97% | -56.47% | -640% | -0.23% | 19.95% | 20.26% | 104.33% | 22.34% | 21.16% | 19.26% | 21.47% | 37.58% | 44.79% | 23.97% | 26.26% | 9.39% | 22.46% | 17.83% | 18.02% | 37.5% |
| Net Income | 501M | 238M | 53M | 428M | 591M | 412M | 2.55B | 447M | 2.34B | 269M | 420M | 357M | 199M | 373M | 270M | 1.31B | 573M | 1.38B | 324M | 469M |
| Net Margin % | 7.89% | 4.46% | 1.1% | 7.67% | 9.67% | 7.9% | 49.55% | 7.47% | 39.38% | 4.96% | 8.23% | 7.23% | 3.32% | 7.07% | 5.29% | 24.07% | 11% | 29.63% | 6.31% | 8.78% |
| Net Income Growth % | -15.23% | -42.23% | -97.92% | -4.25% | -74.71% | 53.16% | 507.38% | 25.21% | 1074.37% | -27.88% | 55.56% | -72.79% | -65.27% | -72.95% | -16.67% | 179.74% | 17.66% | 259.11% | -63.35% | -36.71% |
| Net Income (Continuing) | 541M | 266M | 37M | 434M | 650M | 437M | -30M | 598M | 447M | 197M | 439M | 294M | 233M | 387M | 278M | 1.33B | 587M | 1.39B | 332M | 480M |
| Discontinued Operations | 0 | -1000K | 1000K | 1000K | -1000K | 0 | 1000K | -1000K | 1000K | 1000K | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 325M | 349M | 324M | 330M | 308M | 339M | 314M | 349M | 311M | 345M | 328M | 318M | 319M | 334M | 318M | 311M | 296M | 329M | 327M | 322M |
| EPS (Diluted) | 0.60 | 0.28 | 0.06 | 0.50 | 0.70 | 0.47 | 2.82 | 0.49 | 2.55 | 0.29 | 0.49 | 0.42 | 0.23 | 0.44 | 0.31 | 1.53 | 0.67 | 1.58 | 0.37 | 0.53 |
| EPS Growth % | -14.29% | -40.43% | -97.87% | 2.04% | -72.55% | 62.07% | 475.51% | 16.67% | 1008.7% | -34.09% | 58.06% | -72.55% | -65.67% | -72.15% | -16.22% | 188.68% | 21.82% | 267.44% | -63% | -36.9% |
| EPS (Basic) | 0.60 | 0.29 | 0.06 | 0.50 | 0.71 | 0.48 | 2.87 | 0.50 | 2.59 | 0.30 | 0.50 | 0.43 | 0.24 | 0.45 | 0.32 | 1.56 | 0.68 | 1.62 | 0.37 | 0.54 |
| Diluted Shares Outstanding | 839.6M | 842.8M | 846.7M | 858.6M | 866.3M | 878.3M | 903.4M | 915M | 915.3M | 913M | 854.2M | 854.7M | 850.9M | 852.2M | 852.2M | 856.5M | 862.7M | 874.1M | 888.5M | 892M |
| Basic Shares Outstanding | 831.5M | 835M | 839.2M | 848.8M | 854.9M | 866.9M | 890.1M | 901.2M | 902.4M | 899.2M | 839.6M | 838.7M | 836M | 835M | 835.6M | 839.6M | 845.7M | 853.3M | 865.2M | 867.6M |
| Dividend Payout Ratio | 39.72% | 84.45% | 356.6% | 45.09% | 32.49% | 48.06% | 6.12% | 41.16% | 7.32% | 59.11% | 36.9% | 43.7% | 77.89% | 41.29% | 46.3% | 9.68% | 22.34% | 9.35% | 32.1% | 22.17% |