CARR · CARRIER GLOBAL Corp

$58.84 +0.10 (+0.17%) At close · Aug 27

Market Cap

$48.85B

830.58M

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$21.75B -3.3%

FY2025

Net Income

$1.48B -73.5%

FY2025

Gross Margin

26.6% -0.6pp

FY2024

Operating Margin

9.99% -1.8pp

FY2025

Diluted EPS

$1.72 -72%

FY2025

Operating Cash Flow

$2.51B +346.4%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Revenue	+7.9%	+4.5%	—	$23B	$21.87B	$21.75B^G	$22.49B	$18.95B^G	$17.29B^G	$20.61B	$17.46B	$18.61B	$18.91B
Cost of Revenue	—	—	—	—	—	—	$16.51B	$13.79B	$12.99B	—	—	—	—
Gross Profit	—	—	—	—	—	—	$5.98B	$5.16B	$4.3B	—	—	—	—
Gross Margin	—	—	—	—	—	—	26.6%	27.24%	24.86%	—	—	—	—
Research & Development	+14.5%	+8.3%	—	—	$615M	$625M	$686M	$493M	$416M	$503M	$419M	$401M	$400M
Selling, General & Administrative	+16.1%	+1.9%	—	—	$3.22B	$3.09B	$3.2B	$2.61B	$1.98B	$3.12B	$2.82B	$2.76B	$2.69B
Amortization of Intangibles	+104.1%	+54.0%	—	—	$893M	$884M	$843M	$221M	$104M	$98M	$102M	$116M	$136M
Depreciation & Amortization	+57.2%	+30.5%	—	—	—	$1.27B	$1.23B	$491M	$328M	$338M	$336M	$335M	$357M
Restructuring Charges	+107.2%	+29.4%	—	—	$278M	$178M	$108M	$75M	$20M	$89M	$49M	$126M	$80M
Total Costs & Expenses	+8.8%	+4.9%	—	—	$20.29B	$19.84B	$20.39B	$16.89B	$15.38B	$18.26B	$15.59B	$16.35B	$16.43B
Operating Income	-18.3%	-6.8%	—	—	$1.8B	$2.17B	$2.65B	$2.16B	$3.98B	$2.65B	$3.08B	$2.49B	$3.64B
Operating Margin	—	—	—	—	—	9.99%	11.77%	11.4%	23.04%	12.83%	17.66%	13.39%	19.23%
EBITDA	-7.2%	+0.2%	—	—	—	$3.45B	$3.88B	$2.65B	$4.31B	$2.98B	$3.42B	$2.83B	$3.99B
Equity in Earnings of Unconsolidated Entities	-4.4%	+2.0%	—	—	$216M	$229M	$231M	$211M	$262M	$249M	$207M	$236M	$220M
Pretax Income	-22.2%	-8.8%	—	—	$1.42B	$1.8B	$2.27B	$2B	$3.82B	$2.4B	$2.86B	$2.67B	$3.84B
Income Tax	-27.0%	-22.3%	—	—	$33M	$240M	$1.06B	$521M	$616M	$699M	$849M	$517M	$1.07B
Net Income	-25.1%	-5.8%	—	—	$1.27B	$1.48B	$5.6B	$1.35B	$3.53B	$1.7B	$2.01B	$2.16B	$2.77B
Net Margin	—	—	—	—	—	6.82%	24.92%	7.12%	20.44%	8.25%	11.49%	11.58%	14.64%
Net Income Attributable to Noncontrolling Interests	+27.2%	+33.8%	—	—	$105M	$103M	$104M	$91M	$50M	$37M	$24M	$39M	$35M
Net Income Available to Common Stockholders	-12.0%	-13.2%	—	—	$3.47B	—	—	$1.35B	$3.53B	$1.66B	$1.98B	$2.12B	$2.73B
Comprehensive Income	+5.4%	+5.9%	—	—	$2.22B	$3.32B	$4.98B	$1.55B	$2.84B	$1.42B	$2.49B	$2.09B	$2.14B
EPS (Basic) USD/shares	-25.4%	-5.3%	—	—	$1.56	$1.74	$6.24	$1.61	$4.19	$1.92	$2.29	$2.44	$3.16
EPS (Diluted) USD/shares	-25.1%	-5.2%	—	$2.90*	$1.53	$1.72	$6.15	$1.58^G	$4.10^G	$1.87	$2.25	$2.44	$3.16
Shares Outstanding (Basic Avg) shares	+0.4%	-0.3%	—	—	—	852.4M	898.2M	837.3M	843.4M	867.7M	866.5M	866.2M	866.2M
Shares Outstanding (Diluted Avg) shares	0.0%	-0.4%	—	—	—	862.4M	911.7M	853M	861.2M	890.3M	880.2M	866.2M	866.2M

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2018–FY2025: $6.81B in buybacks, $3.13B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

2.73×

Peer median 2.74×

EV/EBIT

33.10×

Peer median 25.74×

P/E (TTM)

38.44×

Peer median 30.38×

Peer medians compare against the 13 similar-size Building Products & Equipment companies (of 34 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Climate Solutions Americas	$10,470,000,000	$10,527,000,000	$9,615,000,000	—	—	—	—	—
Climate Solutions Europe	$5,044,000,000	$4,984,000,000	$1,937,000,000	—	—	—	—	—
Climate Solutions Asia Pacific, Middle East and Africa	$3,339,000,000	$3,500,000,000	$3,581,000,000	—	—	—	—	—
Climate Solutions Transportation	$2,894,000,000	$3,475,000,000	$3,818,000,000	—	—	—	—	—
Fire and Security Segment	—	—	—	—	$5,515,000,000	$4,985,000,000	$5,500,000,000	$5,531,000,000
HVAC Segment	—	—	—	$13,408,000,000	$11,390,000,000	$9,478,000,000	$9,712,000,000	$9,713,000,000
Refrigeration Segment	—	—	—	$3,883,000,000	$4,127,000,000	$3,333,000,000	$3,792,000,000	$4,095,000,000

By Geography (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
United States	$11,136,000,000	$11,294,000,000	$10,457,000,000	$9,997,000,000	$10,492,000,000	$9,105,000,000	$9,594,000,000	$9,415,000,000
Europe	$6,092,000,000	$6,687,000,000	$3,910,000,000	$3,591,000,000	$5,776,000,000	$4,935,000,000	$5,327,000,000	$5,711,000,000
Asia Pacific	$3,841,000,000	$3,817,000,000	$3,949,000,000	$3,090,000,000	$3,464,000,000	$2,655,000,000	$2,813,000,000	$2,853,000,000
Other Geographical Region	$678,000,000	$688,000,000	$635,000,000	$610,000,000	$881,000,000	$761,000,000	$874,000,000	$935,000,000

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Product	$19,173,000,000	$19,990,000,000	$16,665,000,000	$15,315,000,000	$17,214,000,000	$14,347,000,000	$15,360,000,000	$15,674,000,000
Service	$2,574,000,000	$2,496,000,000	$2,286,000,000	$1,973,000,000	$3,399,000,000	$3,109,000,000	$3,248,000,000	$3,240,000,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Climate Solutions Americas	$2,150,000,000	$2,323,000,000	$1,831,000,000	—	—	—	—	—
Climate Solutions Transportation	$452,000,000	$485,000,000	$494,000,000	—	—	—	—	—
Climate Solutions Asia Pacific, Middle East and Africa	$448,000,000	$466,000,000	$361,000,000	—	—	—	—	—
Climate Solutions Europe	$444,000,000	$469,000,000	$177,000,000	—	—	—	—	—
Fire and Security Segment	—	—	$209,000,000	$1,630,000,000	$662,000,000	$584,000,000	$708,000,000	$726,000,000
HVAC Segment	—	$2,308,000,000	$2,275,000,000	$2,610,000,000	$1,738,000,000	$2,462,000,000	$1,563,000,000	$1,720,000,000
Refrigeration Segment	—	$715,000,000	$428,000,000	$482,000,000	$476,000,000	$357,000,000	$532,000,000	$1,353,000,000

Operating Margin by Segment (%)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Climate Solutions Americas	20.5%	22.1%	19%	—	—	—	—	—
Climate Solutions Europe	8.8%	9.4%	9.1%	—	—	—	—	—
Climate Solutions Asia Pacific, Middle East and Africa	13.4%	13.3%	10.1%	—	—	—	—	—
Climate Solutions Transportation	15.6%	14%	12.9%	—	—	—	—	—
Fire and Security Segment	—	—	—	—	12%	11.7%	12.9%	13.1%
HVAC Segment	—	—	—	19.5%	15.3%	26%	16.1%	17.7%
Refrigeration Segment	—	—	—	12.4%	11.5%	10.7%	14%	33%

Key facts CIK 1783180 CUSIP 14448C104 13F (30d) 1084 filings 1080 filers Visit website Investor relations