CARRIER GLOBAL Corp

Listed Company

CARRCIK 0001783180NYSELarge AcceleratedAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig EquipDelawareFY ends Dec 31

Period

FY 2025

Revenue

$21.75B

Net Income

$1.48B

Total Assets

$37.19B

Equity

$14.13B

Shares Out

830.58M

Op. Cash Flow

$2.51B

CARR$68.69−10.71% · past yearDBEQ Basic

Daily closing prices

Business

Carrier Global Corporation is a global leader in intelligent climate and energy solutions providing heating, cooling, ventilation and cold chain products and services under brands including Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold. The company offers new equipment, aftermarket parts, and building services including installation, repair, maintenance and monitoring to residential, commercial and transportation customers. Operations span four reportable segments organized by geography and transportation, serving markets across the Americas, Europe, Asia Pacific, Middle East & Africa and globally via the transportation segment.

Summary from 10-K filed 2026-02-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Net sales	21,747	22,486	18,951	17,288	20,613
Research and development	−625	−686	−493	−416	−503
Selling, general and administrative	−3,092	−3,197	−2,607	−1,977	−3,120
Total Costs and expenses	−19,840	−20,388	−16,889	−15,384	−18,256
Equity method investment net earnings	229	231	211	262	249
Other income (expense), net	36	317	−113	1,818	39
Operating profit	2,172	2,646	2,160	3,984	2,645
Non-service pension benefit (expense)	−10	−1	−1	−4	61
Interest (expense) income, net	−364	−371	−160	−157	−306
Earnings before income taxes	1,798	2,274	1,999	3,823	2,400
Income tax (expense) benefit	−240	−1,062	−521	−616	−699
Earnings from continuing operations	1,558	1,212	1,478	3,207	—
Discontinued operations, net of tax	29	4,496	−38	377	—
Net earnings (loss)	1,587	5,708	1,440	3,584	1,701
Less: Non-controlling interest in subsidiaries'	103	104	91	50	37
Net earnings (loss) attributable to common shareowners	1,484	5,604	1,349	3,534	—
Continuing operations	1,455	1,108	1,387	3,157	—
Discontinued operations	29	4,496	−38	377	—
Continuing operations, Basic (in dollars per share)	1.71	1.23	1.66	3.74	—
Discontinued operations, Basic (in dollars per share)	0.03	5.01	−0.05	0.45	—
Net earnings (loss), Basic (in dollars per share)	1.74	6.24	1.61	4.19	1.92
Continuing operations, Diluted (in dollars per share)	1.69	1.22	1.63	3.67	—
Discontinued operations, Diluted (in dollars per share)	0.03	4.93	−0.05	0.43	—
Net earnings (loss), Diluted (in dollars per share)	1.72	6.15	1.58	4.1	1.87
Basic (in shares)	852	898	837	843	868
Diluted (in shares)	862	912	853	861	890

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,555	3,969	9,852	3,298	2,987
Accounts receivable, net	2,639	2,651	2,080	2,833	2,403
Inventories, net	2,483	2,299	1,823	2,640	1,970
Assets held for sale	592	0	5,093	0	3,168
Other assets, current	1,264	972	728	349	376
Total current assets	8,533	9,891	19,576	9,879	11,407
Future income tax benefits	1,074	1,131	718	612	563
Fixed assets, net	3,165	2,999	2,160	2,241	1,826
Operating lease right-of-use assets	546	554	421	642	640
Intangible assets, net	6,326	6,432	945	1,342	509
Goodwill	15,501	14,601	7,520	7,626	9,349
Pension and post-retirement assets	56	43	32	26	43
Equity method investments	1,321	1,194	1,140	1,148	1,593
Other assets	668	558	310	219	242
Total assets	37,190	37,403	32,822	26,086	26,172
Accounts payable	2,702	2,458	2,483	2,833	2,334
Accrued liabilities	3,774	4,098	2,997	2,610	2,561
Liabilities held for sale	170	0	1,450	0	1,134
Short-term borrowings and current portion of long-term debt	468	1,336	—	—	—
Total current liabilities	7,114	7,892	6,981	6,032	6,627
Long-term debt	11,365	11,026	—	—	—
Future pension and post-retirement obligations	192	214	149	349	380
Future income tax obligations	1,833	2,015	523	568	354
Operating lease liabilities	418	432	333	529	527
Other long-term liabilities	2,140	1,429	1,589	1,830	1,677
Total Liabilities	23,062	23,008	23,817	18,010	19,078
Commitments and contingent liabilities (Note 23)	—	—	—	—	—
Common stock, par value $0.01; 4,000,000,000 shares authorized; 950,633,287 and 948,068,772 shares issued; 836,141,122 and 878,337,677 outstanding as of December 31, 2025 and 2024, respectively	10	9	9	9	9
Treasury stock - 114,891,176 and 70,093,639 common shares, respectively	−6,795	−3,915	−1,972	−1,910	−529
Additional paid-in capital	8,665	8,610	5,535	5,481	5,411
Retained earnings	12,193	11,483	6,591	5,866	2,865
Accumulated other comprehensive income (loss)	−269	−2,106	−1,486	−1,688	−989
Non-controlling interest	324	314	328	318	327
Total Equity	14,128	14,395	9,005	8,076	7,094
Total Liabilities and Equity	37,190	37,403	32,822	26,086	26,172

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	1,274	1,232	491	328	338
Deferred income tax provision	−401	−352	−243	−106	−74
Stock-based compensation cost	74	86	71	65	—
(Gain) loss on extinguishment of debt	0	−82	0	−36	0
(Gain) loss on sale of investments / deconsolidation	−32	−322	−19	—	—
Accounts receivable, net	−98	−40	−161	−51	−97
Inventories, net	−81	292	123	−173	−408
Accounts payable and accrued liabilities	−219	87	541	−17	829
Distributions from equity method investments	201	46	129	148	159
Other operating activities, net	42	−357	53	217	−4
Net cash flows provided by (used in) continuing operating activities	2,089	1,571	2,252	1,505	—
Net cash flows provided by (used in) discontinued operating activities	424	−1,008	355	238	—
Net cash flows provided by (used in) operating activities	2,513	563	2,607	1,743	2,237
Capital expenditures	−392	−519	−439	−317	−344
Investment in businesses, net of cash acquired	−107	−10,890	−84	−506	−366
Dispositions of businesses	27	634	54	2,902	0
Settlement of derivative contracts, net	105	−264	−50	−194	4
Other investing activities, net	24	14	15	20	7
Net cash flows provided by (used in) continuing investing activities	−343	−11,025	−504	1,801	—
Net cash flows provided by (used in) discontinued investing activities	36	9,000	−156	−56	—
Net cash flows provided by (used in) investing activities	−307	−2,025	−660	1,745	−692
(Decrease) increase in short-term borrowings, net	275	50	−5	−149	13
Issuance of long-term debt	48	3,412	5,609	432	140
Repayment of long-term debt	−1,212	−5,345	−111	−1,275	−704
Repurchases of common stock	−2,892	−1,944	−62	−1,380	−527
Dividends paid on common stock	−772	−670	−620	−509	−417
Dividends paid to non-controlling interest	−101	−84	−58	−46	−42
Other financing activities, net	−18	−30	−121	−1	−25
Net cash flows provided by (used in) continuing financing activities	−4,672	−4,611	4,632	−2,928	—
Net cash flows provided by (used in) discontinued financing activities	0	−25	−20	−3	—
Net cash flows provided by (used in) financing activities	−4,672	−4,636	4,612	−2,931	−1,562
Effect of foreign exchange rate changes on cash and cash equivalents	76	−103	88	−56	−16
Net increase (decrease) in cash and cash equivalents and restricted cash, including cash classified in current assets held for sale	−2,390	−6,201	6,647	501	−33
Less: Change in cash balances classified as assets held for sale	25	−320	97	−33	60
Net increase (decrease) in cash and cash equivalents and restricted cash	−2,415	−5,881	6,550	534	−93

Filings

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Frequently asked questions

What is CARRIER GLOBAL Corp's CIK number?

CARRIER GLOBAL Corp's SEC CIK number is 0001783180 (1783180). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CARRIER GLOBAL Corp's SEC filings?

All of CARRIER GLOBAL Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CARRIER GLOBAL Corp last report earnings?

CARRIER GLOBAL Corp (CARR) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001783180-26-000023). This is CARRIER GLOBAL Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is CARRIER GLOBAL Corp's most recent earnings 8-K?

CARRIER GLOBAL Corp's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001783180-26-000023. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View CARRIER GLOBAL Corp's latest earnings 8-K →
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