Carrier GlobalCARREarnings & Financial Report
Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an independent company manufacturing and distributing HVAC systems, and has since expanded to include manufacturing commercial refrigeration and food service equipment, and fire and security technologies.
CARR Q4 2025 Key Financial Metrics
Revenue
$4.8B
Gross Profit
N/A
Operating Profit
$101.0M
Net Profit
$53.0M
Gross Margin
N/A
Operating Margin
2.1%
Net Margin
1.1%
YoY Growth
-6.0%
EPS
$0.07
Financial Flow
Carrier Global Q4 2025 Financial Summary
Carrier Global reported revenue of $4.8B for Q4 2025, with a net profit of $53.0M (1.1% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $4.8B |
|---|---|
| Net Profit | $53.0M |
| Gross Margin | N/A |
| Operating Margin | 2.1% |
| Report Period | Q4 2025 |
Carrier Global Annual Revenue by Year
Carrier Global annual revenue history includes year-by-year totals (for example, 2025 revenue was $21.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $21.7B |
| 2024 | $24.0B |
| 2023 | $21.3B |
| 2022 | $20.4B |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.18B | $6.69B | $5.98B | $5.15B | $5.22B | $6.11B | $5.58B | $4.84B |
| YoY Growth | 17.2% | 11.6% | 4.4% | 19.3% | -15.6% | -8.6% | -6.8% | -6.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $40.81B | $40.42B | $40.20B | $37.40B | $36.45B | $38.49B | $38.08B | $37.19B |
| Liabilities | $28.90B | $26.34B | $25.16B | $23.01B | $22.25B | $23.48B | $23.24B | $23.06B |
| Equity | $11.91B | $14.08B | $15.04B | $14.39B | $14.20B | $15.01B | $14.84B | $14.13B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $40.0M | $660.0M | $-269.0M | $132.0M | $483.0M | $649.0M | $341.0M | $1.04B |
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