Carrier Global Financial Statements
NYSE: CARRIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Carrier Global revenue and earnings
In fiscal 2025, Carrier Global generated $21.75 billion in revenue, down 3.3% from fiscal 2024, its first annual decline since 2022. Net income was $1.48 billion (-73.5% year over year), for a net margin of 6.8% versus a median of 11.5% in the prior 5 years. Operating margin was 10.0%.
Diluted earnings per share came in at $1.72, down from $6.15. Over the last 5 fiscal years, CARR's revenue has grown at a 4.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Carrier Global income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.75B | 22.49B | 18.95B | 17.29B | 20.61B | 17.46B | 18.61B | 18.91B |
| Revenue growth (YoY) | -3.29% | +18.65% | +9.62% | -16.13% | +18.09% | -6.19% | -1.62% | — |
| Cost of Revenue | — | 16.50B | 13.79B | 12.99B | — | — | — | — |
| Gross Profit | — | 5.98B | 5.16B | 4.30B | — | — | — | — |
| Operating Expenses | — | 3.33B | 3.00B | 313.00M | — | — | — | — |
| Research & Development | 625.00M | 686.00M | 493.00M | 416.00M | 503.00M | 419.00M | 401.00M | 400.00M |
| Selling, General & Admin | 3.09B | 3.20B | 2.61B | 1.98B | 3.12B | 2.82B | 2.76B | 2.69B |
| Operating Income | 2.17B | 2.65B | 2.16B | 3.98B | 2.65B | 3.08B | 2.49B | 3.64B |
| Interest Expense | 458.00M | 580.00M | 306.00M | 238.00M | 319.00M | 298.00M | — | — |
| Pretax Income | 1.80B | 2.27B | 2.00B | 3.82B | 2.40B | 2.85B | 2.67B | 3.84B |
| Income Tax | 240.00M | 1.06B | 521.00M | 616.00M | 699.00M | 849.00M | 517.00M | 1.07B |
| Net Income | 1.48B | 5.60B | 1.35B | 3.53B | 1.70B | 2.01B | 2.15B | 2.77B |
| Net Income growth (YoY) | -73.52% | +315.42% | -61.83% | +107.76% | -15.20% | -6.91% | -22.17% | — |
| EPS (Basic) | 1.74 | 6.24 | 1.61 | 4.19 | 1.92 | 2.29 | 2.44 | 3.16 |
| EPS (Diluted) | 1.72 | 6.15 | 1.58 | 4.10 | 1.87 | 2.25 | 2.44 | 3.16 |
| Shares Outstanding (Basic) | 852.40M | 898.20M | 837.30M | 843.40M | 867.70M | 866.50M | 866.20M | 866.20M |
| Shares Outstanding (Diluted) | 862.40M | 911.70M | 853.00M | 861.20M | 890.30M | 880.20M | 866.20M | 866.20M |
| EBITDA | 3.45B | 3.88B | 2.65B | 4.31B | 2.98B | 3.42B | 2.83B | 3.99B |
| Gross Margin | — | 26.60% | 27.24% | 24.86% | — | — | — | — |
| Operating Margin | 9.99% | 11.77% | 11.40% | 23.04% | 12.83% | 17.66% | 13.39% | 19.23% |
| Net Margin | 6.82% | 24.92% | 7.12% | 20.44% | 8.25% | 11.49% | 11.58% | 14.64% |
This table shows 8 annual periods of Carrier Global's income statement, from FY 2025 back to FY 2018, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow CARR's reporting calendar. What is a income statement?