Carrier Global Corporation (CARR) Revenue History
Annual and quarterly revenue from 2017 to present
CARR Revenue Over Time (2017–2025)
CARR Revenue Growth History
4 of 8 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +6.2%
- FY2019 revenue growth
- -1.6%
- FY2020 revenue growth
- -6.2%
- FY2021 revenue growth
- +18.1%
- FY2022 revenue growth
- -16.1%
- FY2023 revenue growth
- +9.6%
- FY2024 revenue growth
- +18.7%
- FY2025 revenue growth
- -3.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $5.34B | +2.4% |
| Q4 2025 | $4.84B | -6.0% |
| Q3 2025 | $5.58B | -6.8% |
| Q2 2025 | $6.11B | +3.0% |
| Q1 2025 | $5.22B | -3.7% |
| Q4 2024 | $5.15B | +0.9% |
| Q3 2024 | $5.98B | +21.3% |
| Q2 2024 | $5.93B | -1.0% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
CARR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CARR Revenue Analysis (2017–2025)
Current Revenue & Growth
As of June 22, 2026, Carrier Global Corporation (CARR) generated trailing twelve-month (TTM) revenue of $21.87 billion, reflecting modest growth of +2.4% year-over-year. The most recent quarter (Q1 2026) recorded $5.34 billion in revenue, up 10.4% sequentially.
Historical Growth Trajectory
CARR's 5-year compound annual growth rate (CAGR) stands at +4.5%, indicating moderate growth over time. The 3-year CAGR of +7.9% exceeds the 5-year average, indicating an acceleration in the most recent period. Carrier Global Corporation's highest annual revenue of $22.49 billion was recorded in 2024.
Revenue by Segment
CARR's revenue is primarily driven by Product (88%), and Service (12%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including TT (+6.4% YoY), LII (-2.0% YoY), and JCI (+5.1% YoY) — CARR has underperformed the peer group in revenue growth. Compare CARR vs TT →
CARR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CARRCurrent | $21.9B | +2.4% | +4.5% | 9.9% | |
 TT | $21.3B | +6.4% | +11.4% | 18.6% | |
 LII | $5.2B | -2.0% | +7.4% | 19.5% | |
 JCI | $23.6B | +5.1% | +1.1% | 12.0% | |
 ALLE | $4.1B | +8.9% | +8.4% | 21.1% | |
 AAON | $1.4B | +28.3% | +22.9% | 10.6% |
CARR Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $21.75B | -3.3% | $5.63B | 25.9% | $2.15B | 9.9% |
| 2024 | $22.49B | +18.7% | $6.02B | 26.8% | $2.65B | 11.8% |
| 2023 | $18.95B | +9.6% | $5.17B | 27.3% | $2.16B | 11.4% |
| 2022 | $17.29B | -16.1% | $4.30B | 24.9% | $3.98B | 23.0% |
| 2021 | $20.61B | +18.1% | $6.01B | 29.1% | $2.65B | 12.8% |
| 2020 | $17.46B | -6.2% | $5.13B | 29.4% | $3.08B | 17.7% |
| 2019 | $18.61B | -1.6% | $5.46B | 29.3% | $2.49B | 13.4% |
| 2018 | $18.91B | +6.2% | $5.61B | 29.6% | $3.64B | 19.2% |
| 2017 | $17.81B | - | $5.23B | 29.4% | $3.03B | 17.0% |
Full Stock Analysis
Deep dive into CARR consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
CARR — Frequently Asked Questions
Quick answers to the most common questions about buying CARR stock.
Is CARR's revenue growth accelerating or slowing?
CARR revenue growth is slowing. TTM revenue is $21.9B, up +2.4% year-over-year — below the 5-year CAGR of +4.5%. The deceleration suggests maturing end-markets or increased competition.
What is CARR's revenue history from 2017 to 2026?
Carrier Global Corporation (CARR) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $21.9B, growing at +2.4% YoY. The 5-year CAGR is +4.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CARR's long-term revenue growth rate (CAGR)?
Carrier Global Corporation's 5-year revenue CAGR of +4.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +2.4% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CARR.
Why does CARR's quarterly revenue fluctuate?
CARR quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Carrier Global Corporation's revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is CARR's revenue distributed by segment?
CARR reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CARR's revenue compare to industry peers?
Carrier Global Corporation (CARR) with TTM revenue of $21.9B and +2.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.