CARR · Carrier Global Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.34B | - | $5.58B | $6.11B | $5.22B | - | $5.98B | $6.69B | $6.18B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $143.00M | - | $151.00M | $161.00M | $153.00M | - | $172.00M | $187.00M | $224.00M | - |
| SG&A | $861.00M | - | $803.00M | $813.00M | $729.00M | - | $799.00M | $975.00M | $985.00M | - |
| Total Operating Expenses | $5.10B | - | $5.08B | $5.32B | $4.66B | - | $5.28B | $5.97B | $5.69B | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $259.00M | - | $539.00M | $903.00M | $629.00M | - | $763.00M | $3.69B | $500.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($96.00M) | - | ($1.00M) | $162.00M | $111.00M | - | $172.00M | $1.16B | $46.00M | - |
| Net Income | $238.00M | - | $428.00M | $591.00M | $269.00M | - | $447.00M | $2.34B | $269.00M | - |
| EPS - Basic | $0.29 | - | $0.50 | $0.69 | $0.47 | - | $0.50 | $2.59 | $0.30 | - |
| EPS - Diluted | $0.28 | - | $0.50 | $0.68 | $0.47 | - | $0.49 | $2.55 | $0.29 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.37B | $1.55B | $1.42B | $1.80B | $1.70B | $3.97B | $2.23B | $2.92B | $1.31B | $10.02B |
| Accounts Receivable | $3.13B | $2.64B | $3.13B | $3.37B | $2.98B | $2.65B | $2.73B | $3.19B | $3.16B | $2.48B |
| Inventory | $2.58B | $2.48B | $3.00B | $2.89B | $2.65B | $2.30B | $2.65B | $3.04B | $3.19B | $2.22B |
| Accounts Payable | $2.98B | $2.70B | $2.96B | $3.21B | $3.02B | $2.46B | $2.83B | $3.18B | $3.07B | $2.74B |
| Current Assets | $9.02B | $8.53B | $8.84B | $9.13B | $8.44B | $9.89B | $11.19B | $11.57B | $11.71B | $18.78B |
| Total Assets | $37.19B | $37.19B | $38.08B | $38.49B | $36.45B | $37.40B | $40.20B | $40.42B | $40.81B | $32.82B |
| Current Liabilities | $8.59B | $7.11B | $7.75B | $7.83B | $7.01B | $7.89B | $10.38B | $10.68B | $8.64B | $6.89B |
| Long-term Debt | $10.42B | $11.37B | $11.34B | $11.34B | $11.03B | - | $10.34B | $11.27B | $15.65B | - |
| Total Liabilities | $23.39B | $23.06B | $23.24B | $23.48B | $22.25B | $23.01B | $25.16B | $26.34B | $28.90B | $23.82B |
| Stockholders' Equity | $13.80B | $14.13B | $14.84B | $15.01B | $14.20B | $14.39B | $15.04B | $14.08B | $11.91B | $9.01B |
| Retained Earnings | $12.43B | $12.19B | $12.53B | $12.29B | $11.89B | $11.48B | $9.30B | $8.85B | $6.86B | $6.59B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $79.00M | - | - | - | $483.00M | - | - | - | $40.00M | - |
| Investing Cash Flow | ($65.00M) | - | - | - | ($23.00M) | - | - | - | ($11.08B) | - |
| Financing Cash Flow | ($141.00M) | - | - | - | ($2.75B) | - | - | - | $2.38B | - |
| CapEx | $94.00M | - | - | - | $63.00M | - | - | - | $104.00M | - |
| Free Cash Flow | ($15.00M) | - | - | - | $420.00M | - | - | - | ($64.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 4.8% | - | 9.7% | 14.8% | 12.1% | - | 12.8% | 55.2% | 8.1% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 4.5% | - | 7.7% | 9.7% | 5.2% | - | 7.5% | 34.9% | 4.4% | - |
| Free cash flow margin | -0.3% | - | - | - | 8.0% | - | - | - | -1.0% | - |
| FCF / Net income | -0.06 | - | - | - | 1.56 | - | - | - | -0.24 | - |
| R&D / Revenue | 2.7% | - | 2.7% | 2.6% | 2.9% | - | 2.9% | 2.8% | 3.6% | - |
| SG&A / Revenue | 16.1% | - | 14.4% | 13.3% | 14.0% | - | 13.4% | 14.6% | 15.9% | - |
| Effective tax rate | -67.6% | - | -0.2% | 21.5% | 29.2% | - | 27.8% | 33.1% | 14.6% | - |
| Return on assets | 0.6% | - | 1.1% | 1.5% | 0.7% | - | 1.1% | 5.8% | 0.7% | - |
| Return on equity | 1.7% | - | 2.9% | 3.9% | 1.9% | - | 3.0% | 16.6% | 2.3% | - |
| Return on invested capital | 1.1% | - | 2.1% | 2.7% | 1.8% | - | 2.2% | 9.7% | 1.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.05 | 1.20 | 1.14 | 1.17 | 1.20 | 1.25 | 1.08 | 1.08 | 1.36 | 2.73 |
| Quick ratio | 0.75 | 0.85 | 0.75 | 0.80 | 0.83 | 0.96 | 0.82 | 0.80 | 0.99 | 2.40 |
| Cash ratio | 0.16 | 0.22 | 0.18 | 0.23 | 0.24 | 0.50 | 0.21 | 0.27 | 0.15 | 1.45 |
| Leverage | ||||||||||
| Debt / Equity | 0.76 | 0.80 | 0.76 | 0.76 | 0.78 | - | 0.69 | 0.80 | 1.31 | - |
| Debt / Assets | 0.28 | 0.31 | 0.30 | 0.29 | 0.30 | - | 0.26 | 0.28 | 0.38 | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.69 | 2.63 | 2.57 | 2.56 | 2.57 | 2.60 | 2.67 | 2.87 | 3.43 | 3.64 |
| Liabilities / Assets | 0.63 | 0.62 | 0.61 | 0.61 | 0.61 | 0.62 | 0.63 | 0.65 | 0.71 | 0.73 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.15 | 0.16 | 0.14 | - | 0.15 | 0.17 | 0.15 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 214d | - | 205d | 201d | 208d | - | 166d | 174d | 186d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 201.1x | - | 119.4x | 107.6x | 134.9x | - | 164.3x | 24.7x | 200.4x | - |
| P / B | 3.4x | - | 3.5x | 4.2x | 3.9x | - | 4.9x | 4.1x | 4.5x | - |
| P / S | 8.9x | - | 9.2x | 10.4x | 10.7x | - | 12.3x | 8.6x | 8.6x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.4% | - | -6.8% | -8.6% | -15.6% | - | 4.4% | 11.6% | 17.2% | - |
| Revenue CAGR (3y) | 0.4% | - | 0.8% | 5.5% | 3.9% | - | 3.9% | 7.1% | 9.6% | - |
| Revenue CAGR (5y) | 2.6% | - | 2.2% | 9.0% | 6.1% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -58.8% | - | -29.4% | -75.5% | 25.8% | - | 18.3% | 654.8% | -9.9% | - |
| Net income growth (YoY) | -11.5% | - | -4.3% | -74.7% | 0.0% | - | 25.2% | 1074.4% | -27.9% | - |
| EPS growth (YoY) | -40.4% | - | 2.0% | -73.3% | 62.1% | - | 16.7% | 1008.7% | -34.1% | - |
| EPS CAGR (3y) | -14.0% | - | -31.1% | 0.5% | -33.2% | - | -2.6% | 66.7% | -12.3% | - |
| EPS CAGR (5y) | -8.2% | - | -2.6% | -5.7% | 33.7% | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -2.8% | -1.9% | -1.3% | 6.6% | 19.3% | 59.9% | 76.9% | 69.9% | 40.6% | 11.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$21.75B totalClimate Solutions Americas$10.47B · 48.1%
Climate Solutions Europe$5.04B · 23.2%
Climate Solutions Asia Pacific Middle East And Africa$3.34B · 15.4%
Climate Solutions Transportation$2.89B · 13.3%
Product / service
$21.75B totalProduct$19.17B · 88.2%
Service$2.57B · 11.8%
Geographic
$21.75B totalUS$11.14B · 51.2%
Europe$6.09B · 28.0%
Asia Pacific$3.84B · 17.7%
Other Geographical Region$678.00M · 3.1%
Peer comparison
Same SIC group: Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Comparing CARRIER GLOBAL Corp against the 5 most active filers in the same SIC group.
Dividends
$0.93/share trailing 12 months · +12.0% YoY
| Ex-date | Per share |
|---|---|
| May 4, 2026 | $0.2400 |
| Jan 20, 2026 | $0.2400 |
| Oct 29, 2025 | $0.2250 |
| Jul 21, 2025 | $0.2250 |
| May 2, 2025 | $0.2250 |
| Dec 20, 2024 | $0.2250 |
| Oct 25, 2024 | $0.1900 |
| Jun 21, 2024 | $0.1900 |
| May 2, 2024 | $0.1900 |
| Dec 20, 2023 | $0.1900 |
| Oct 26, 2023 | $0.1850 |
| Jun 22, 2023 | $0.1850 |
| May 4, 2023 | $0.1850 |
| Dec 21, 2022 | $0.1850 |
| Oct 27, 2022 | $0.1500 |
| Jun 22, 2022 | $0.1500 |
| Apr 28, 2022 | $0.1500 |
| Dec 22, 2021 | $0.1500 |
| Oct 28, 2021 | $0.1200 |
| Jun 23, 2021 | $0.1200 |
| Apr 30, 2021 | $0.1200 |
| Dec 22, 2020 | $0.1200 |
| Oct 29, 2020 | $0.0800 |
| Jun 25, 2020 | $0.0800 |