CARRIER GLOBAL Corp
About CARRIER GLOBAL Corp
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier's fire and security (Honeywell) and commercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.
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Financial summary
- Revenue FY2025
- $21.7B
- Net income
- $1.5B
- Total assets
- $37.2B
- Market cap
- $55.8B
- Operating margin
- 10.0%
- Net margin
- 7.3%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $21.7B
- Operating expenses
- $19.6B
- Operating income
- $2.2B
- Income tax
- $240.0M
- Net income
- $1.6B
- EPS (basic)
- $1.74
- EPS (diluted)
- $1.72
Balance sheet
- Total assets
- $37.2B
- Current assets
- $8.5B
- Total liabilities
- $23.1B
- Current liabilities
- $7.1B
- Shareholders’ equity
- $14.1B
Cash flow
- Operating cash flow
- $2.5B
- Investing cash flow
- -$307.0M
- Financing cash flow
- -$4.7B
- Net cash flow
- -$2.5B
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $55.8B
- P/E ratio
- 39.2
- EPS (diluted)
- $1.72
- Dividend yield
- 1.43%
- Shares outstanding
- 828.2M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Mar 18, 2020
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $1.5B in FY2025.
- Revenue grew 6% from FY2021 to FY2025.
- Trading 17% below its 52-week high.
- Pays a dividend yielding about 1.43% annually.
- Valued at a price-to-earnings (P/E) ratio of 39.2.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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