CARRIER GLOBAL Corp Earnings Per Share Disclosure
| (In millions, except per share amounts) | 2025 | 2024 | 2023 | |||||||||||||||||
| Net earnings (loss) attributable to common shareowners | $ | 1,484 | $ | 5,604 | $ | 1,349 | ||||||||||||||
| Basic weighted-average number of shares outstanding | 852.4 | 898.2 | 837.3 | |||||||||||||||||
| Stock awards and equity units (share equivalent) | 10.0 | 13.5 | 15.7 | |||||||||||||||||
| Diluted weighted-average number of shares outstanding | 862.4 | 911.7 | 853.0 | |||||||||||||||||
| Antidilutive shares excluded from computation of diluted earnings per share | 1.9 | 0.1 | 2.0 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 5, 2026 | Showing above |
| 2024 | Feb 11, 2025 | |
| 2023 | Feb 6, 2024 | |
| 2022 | Feb 7, 2023 | |
| 2021 | Feb 8, 2022 | |
| 2020 | Feb 9, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.