Carrier Global CARR · USD
Industrials · Building Products · US listing · 🇺🇸 United States
S&P 500
53.33
+1.81%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$21.75bn
FY2017FY2025
Net income
$1.48bn
FY2017FY2025
Free cash flow
$1.70bn
FY2017FY2025
Shareholders' equity
$13.80bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.75bn | $22.49bn | $22.10bn | $17.29bn | $20.61bn | $17.46bn | $18.61bn | $18.91bn | $17.81bn |
| Gross profit | $5.62bn | $5.98bn | $6.38bn | $4.30bn | $5.98bn | $5.11bn | $5.42bn | $5.57bn | $5.18bn |
| Research and development | $625.0m | $686.0m | $617.0m | $416.0m | $503.0m | $419.0m | $401.0m | $400.0m | $364.0m |
| Operating income | $1.91bn | $2.47bn | $2.30bn | $2.12bn | $2.65bn | $3.08bn | $2.49bn | $3.64bn | $3.15bn |
| Net income | $1.48bn | $5.60bn | $1.44bn | $3.53bn | $1.66bn | $1.98bn | $2.12bn | $2.73bn | $1.23bn |
| Diluted earnings per share | 1.75 | 6.20 | 1.69 | 4.15 | 1.87 | 2.29 | 2.44 | 3.16 | 1.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $37.19bn | $37.40bn | $32.82bn | $26.09bn | $26.17bn | $25.09bn | $22.41bn | $21.74bn | $21.98bn |
| Cash and short-term investments | $1.55bn | $3.97bn | $9.85bn | $3.52bn | $2.99bn | $3.12bn | $952.0m | $1.13bn | $1.32bn |
| Total liabilities | $23.06bn | $23.01bn | $23.82bn | $18.01bn | $19.08bn | $18.52bn | $7.97bn | $7.47bn | $7.20bn |
| Debt | $11.83bn | $12.28bn | $14.29bn | $8.84bn | $9.70bn | $10.23bn | — | — | $23.0m |
| Shareholders' equity | $13.80bn | $14.08bn | $8.68bn | $7.76bn | $6.77bn | $6.25bn | $14.10bn | $13.92bn | $14.41bn |
| Shares outstanding | 847m | 903m | 854m | 852m | 889m | 866m | 866m | 866m | 873m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $2.09bn | $563.0m | $2.61bn | $1.74bn | $2.24bn | $1.69bn | $2.06bn | $2.06bn | $2.10bn |
| Capital spending | −$392.0m | −$519.0m | −$439.0m | −$353.0m | −$344.0m | −$312.0m | −$243.0m | −$263.0m | −$326.0m |
| Free cash flow | $1.70bn | $44.0m | $2.17bn | $1.39bn | $1.89bn | $1.38bn | $1.82bn | $1.79bn | $1.77bn |
| Dividends paid | −$772.0m | −$670.0m | −$620.0m | −$509.0m | −$417.0m | −$138.0m | −$138.0m | −$138.0m | −$138.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.22bn | $5.23bn | $4.72bn | $5.46bn | $6.00bn | $5.11bn | $5.03bn | $5.85bn |
| Gross profit | $1.73bn | $1.24bn | $961.0m | $1.45bn | $1.77bn | $1.45bn | $1.34bn | $1.68bn |
| Operating income | $770.0m | $240.0m | $54.0m | $495.0m | $886.0m | $563.0m | $460.0m | $763.0m |
| Net income | $501.0m | $238.0m | $53.0m | $428.0m | $591.0m | $412.0m | $2.55bn | $447.0m |
| Diluted earnings per share | 0.60 | 0.28 | 0.06 | 0.51 | 0.70 | 0.49 | 2.82 | 0.49 |
| Cash from operations | $927.0m | $79.0m | $1.01bn | $341.0m | $649.0m | $483.0m | $132.0m | −$269.0m |
| Capital spending | −$117.0m | −$94.0m | −$131.0m | −$117.0m | −$81.0m | −$63.0m | −$217.0m | −$92.0m |
| Free cash flow | $810.0m | −$15.0m | $882.0m | $224.0m | $568.0m | $420.0m | −$85.0m | −$361.0m |
| Total assets | $37.37bn | $37.19bn | $37.19bn | $38.08bn | $38.49bn | $36.45bn | $37.40bn | $40.20bn |
| Cash and short-term investments | $1.34bn | $1.37bn | $1.55bn | $1.42bn | $1.80bn | $1.70bn | $3.97bn | $2.23bn |
| Debt | $11.95bn | $12.16bn | $11.83bn | $11.92bn | $11.44bn | $11.18bn | $12.41bn | $12.43bn |
| Shareholders' equity | $13.15bn | $13.45bn | $13.80bn | $14.51bn | $14.71bn | $13.86bn | $14.08bn | $14.69bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.8% | 4.4% | — |
| Operating income | -3.5% | -9.2% | — |
| Net income | -25.1% | -5.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.2% | 26.7% | 27.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.1 | 11.0 | 34.1 | 9.9 | 29.0 | 16.5 | 1.1 | 2.7 |
| Price to sales | 2.1 | 2.8 | 2.3 | 2.1 | 2.4 | 1.9 | 0.2 | 0.2 |
Market value over time
31 Mar 2020 to 16 Sept 2026, in USD
$14.94bn$45.56bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
| Return | -21% | 18% | 37% | -18% | 32% | 222% | 218% | 0% |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 29 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.72 | 0.915 | 0.795 | 0.745 | 0.635 | 0.51 | 0.28 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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