Carrier Global Corporation (CARR) Financial Statements
Historical financial data — 26 statements covering FY2020–FY2025
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier bran...
Carrier Global Corporation's revenue decreased 3.3% year over year, from $22.49B to $21.75B.
Net income decreased 73.5% over the same period, from $5.60B to $1.48B.
Over the 5-year period from FY2020 to FY2025, revenue grew by 25% in total.
Total debt increased by 7.3% to $11.83B.
The debt-to-equity ratio stands at 0.84, indicating a moderate leverage profile.
Operating cash flow grew 346.4% to $2.51B.
Carrier Global Corporation maintains a moderate net profit margin of 6.8%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $4.47B-33.2% | $447.0M | $3.94B | $487.0M | $-269.0M | $40.20B | $10.34B | $15.04B |
| Q4 FY2024 | $5.15B+15.2% | $2.55B | $-9.72B | $774.0M | $132.0M | $37.40B | $11.03B | $14.39B |
| Q1 FY2025 | $5.22B+1.4% | $412.0M | $4.76B | $629.0M | $483.0M | $36.45B | $11.08B | $14.20B |
| Q2 FY2025 | $6.11B+17.2% | $591.0M | $5.58B | $903.0M | $649.0M | $38.49B | $11.34B | $15.01B |
| Q3 FY2025 | $5.58B-8.7% | $428.0M | $5.04B | $539.0M | $341.0M | $38.08B | $11.92B | $14.84B |
| Q4 FY2025 | $4.84B-13.3% | $53.0M | $4.26B | $101.0M | $1.04B | $37.19B | $11.83B | $14.13B |
| Q1 FY2026 | $5.34B+10.4% | $238.0M | $945.0M | $259.0M | $79.0M | $37.19B | $12.57B | $13.80B |
| Q2 FY2026 | $6.35B+18.9% | $501.0M | $1.34B | $824.0M | $927.0M | $37.37B | $12.39B | $13.47B |
Balance Sheet Summary (Q2 FY2026)
Carrier Global Corporation (CARR) Financial Statements & Revenue History
Carrier Global Corporation (CARR) is a US-listed stock operating in the Industrials sector, specifically the Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip industry trading at $54.95 with a market capitalization of $45. This page provides 26 historical financial statements for Carrier Global Corporation, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Carrier Global Corporation reported revenue of $21.7 billion, a 3.3% decline from the prior year. The net profit margin of 6.8% indicates moderate profitability. The debt-to-equity ratio of 0.84 reflects moderate leverage.
CARR Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Carrier Global Corporation's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether CARR is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track CARR's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Carrier Global Corporation converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of CARR's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use CARR Financial Data
Investors use Carrier Global Corporation's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare CARR's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how CARR's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View CARR's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Carrier Global Corporation's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.CARR trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.