Carrier Global revenue and financials
$56.10Change from previous close: +0.66%Absolute change: +$0.37
In the fiscal year ended December 2025, Carrier Global reported revenue of $21.75B (−3.29% year over year). Net income was $1.48B, a net margin of 6.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −3.29%
- 2025 vs 2024
- Net income growth
- −73.52%
- 2025 vs 2024
- Net margin
- 6.8%
- 2024: 24.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 927 | 79.0 | 1,040 | 341 | 649 | 483 | 132 | -269 | 660 | 40.0 | 1,062 | 120 |
| Depreciation and amortization | 314 | 315 | 329 | 325 | 317 | 303 | 318 | 312 | 294 | 308 | 123 | 136 |
| Capital expenditure | -117 | -94.0 | -131 | -117 | -81.0 | -63.0 | -217 | -92.0 | -108 | -102 | -222 | -70.0 |
| Investing cash flow | -170 | -65.0 | -110 | -119 | -55.0 | -23.0 | 3,089 | 1,159 | 4,808 | -11,081 | -229 | -100 |
| Financing cash flow | -760 | -141 | -787 | -591 | -547 | -2,747 | -1,686 | -1,544 | -3,785 | 2,379 | 5,300 | -213 |
| Dividends paid | -199 | -201 | -189 | -193 | -192 | -198 | -156 | -184 | -171 | -159 | -155 | -154 |
| Share repurchases | -439 | -306 | -479 | -785 | -340 | -1,288 | -1,513 | -431 | — | — | — | -62.0 |
| Debt issued | 7.0 | 393 | -96.0 | 404 | 6.0 | 9.0 | 839 | 61.0 | -6.0 | 2,568 | 5,595 | 15.0 |
| Debt repaid | -41.0 | -16.0 | -3.0 | 56.0 | -11.0 | -1,254 | -815 | -988 | -3,537 | -5.0 | -74.0 | -2.0 |
| Effect of exchange rates | 3.0 | -13.0 | 13.0 | -5.0 | 51.0 | 17.0 | -85.0 | 64.0 | -14.0 | -68.0 | 133 | 20.0 |
| Net change in cash | -27.0 | -183 | 132 | -377 | 98.0 | -2,270 | 1,745 | -534 | 1,576 | -8,671 | 6,167 | -180 |
| Free cash flow | 810 | -15.0 | 909 | 224 | 568 | 420 | -85.0 | -361 | 552 | -62.0 | 840 | 50.0 |
| Levered free cash flow | 971 | 68.0 | -21.8 | -159 | 959 | 230 | 1,466 | -8.0 | 3,577 | 370 | -2,445 | -13.9 |