Carrier Global (CARR) financials
Carrier Global revenue and earnings by year
Carrier Global's revenue was $21.7 billion in the fiscal year to December 31, 2025, down 3.3% from the year before. Net income was $1.48 billion, 6.8% of revenue. Since the fiscal year to December 31, 2017, revenue has grown 2.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 9 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.7 | 22.5 | 19.0 | 17.3 | 20.6 | 17.5 | 18.6 | 18.9 | 17.8 |
| Revenue growth | -3.3% | 18.7% | 9.6% | -16.1% | 18.1% | -6.2% | -1.6% | 6.2% | — |
| Gross profit | 5.6 | 6.0 | 5.2 | 4.3 | 6.0 | 5.1 | 5.4 | 5.6 | 5.2 |
| Gross margin | 25.9% | 26.6% | 27.2% | 24.9% | 29.0% | 29.3% | 29.1% | 29.4% | 29.1% |
| Operating income | 1.9 | 2.1 | 2.1 | 1.9 | 2.4 | 1.9 | 2.3 | 2.5 | 2.2 |
| Operating margin | 8.8% | 9.3% | 10.9% | 11.0% | 11.4% | 10.7% | 12.1% | 13.1% | 12.6% |
| Net income | 1.5 | 5.6 | 1.3 | 3.5 | 1.7 | 2.0 | 2.1 | 2.7 | 1.2 |
| Net margin | 6.8% | 24.9% | 7.1% | 20.4% | 8.1% | 11.4% | 11.4% | 14.5% | 6.9% |
| Diluted EPS | $1.72 | $6.15 | $1.58 | $4.10 | $1.87 | $2.25 | $2.44 | — | — |
| Free cash flow | 2.1 | 0.0 | 2.2 | 1.4 | 1.9 | 1.4 | 1.8 | 1.8 | 1.8 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CARR in Markets.
See also: CARR valuation and P/E history · CARR returns
No forecast, no recommendation. This page describes Carrier Global from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.