Carrier Global Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Carrier Global Corp reported revenue of $21.7B (-3.3% year on year) and net income of $1.6B (-72.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total Net sales | $21.7B | $22.5B | $22.1B | $20.4B |
| Cost of goods sold | ($16.1B) | ($16.5B) | ($15.7B) | ($15.0B) |
| Research and development | ($625.0M) | ($686.0M) | ($617.0M) | ($539.0M) |
| Selling, general and administrative | ($3.1B) | ($3.2B) | ($3.3B) | ($2.5B) |
| Total Costs and expenses | ($19.8B) | ($20.4B) | ($19.6B) | ($18.0B) |
| Equity method investment net earnings | $229.0M | $231.0M | $211.0M | $262.0M |
| Other income (expense), net | $36.0M | $317.0M | ($384.0M) | $1.8B |
| Operating profit | $2.2B | $2.6B | $2.3B | $4.5B |
| Non-service pension benefit (expense) | ($10.0M) | ($1.0M) | ($1.0M) | ($4.0M) |
| Interest (expense) income, net | ($364.0M) | ($371.0M) | ($211.0M) | ($219.0M) |
| Earnings before income taxes | $1.8B | $2.3B | $2.1B | $4.3B |
| Income tax (expense) benefit | ($240.0M) | ($1.1B) | ($644.0M) | ($708.0M) |
| Earnings from continuing operations | $1.6B | $1.2B | — | — |
| Discontinued operations, net of tax | $29.0M | $4.5B | — | — |
| Net earnings (loss) | $1.6B | $5.7B | $1.4B | $3.6B |
| Less: Non-controlling interest in subsidiaries' | $103.0M | $104.0M | $91.0M | $50.0M |
| Continuing operations | $1.5B | $1.1B | — | — |
| Discontinued operations | $29.0M | $4.5B | — | — |
| Net earnings (loss) attributable to common shareowners | $1.5B | $5.6B | — | — |
| Continuing operations, Basic (in dollars per share) | $1.71 | $1.23 | — | — |
| Discontinued operations, Basic (in dollars per share) | $0.03 | $5.01 | — | — |
| Net earnings (loss), Basic (in dollars per share) | $1.74 | $6.24 | $1.61 | $4.19 |
| Continuing operations, Diluted (in dollars per share) | $1.69 | $1.22 | — | — |
| Discontinued operations, Diluted (in dollars per share) | $0.03 | $4.93 | — | — |
| Net earnings (loss), Diluted (in dollars per share) | $1.72 | $6.15 | $1.58 | $4.10 |
| Basic (in shares) | 852.4M | 898.2M | 837.3M | 843.4M |
| Diluted (in shares) | 862.4M | 911.7M | 853.0M | 861.2M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total Net sales | $6.4B | $5.3B | $5.6B | $6.1B |
| Cost of goods sold | ($4.6B) | ($4.1B) | ($4.1B) | ($4.3B) |
| Research and development | ($148.0M) | ($143.0M) | ($151.0M) | ($161.0M) |
| Selling, general and administrative | ($810.0M) | ($861.0M) | ($803.0M) | ($813.0M) |
| Total Costs and expenses | ($5.6B) | ($5.1B) | ($5.1B) | ($5.3B) |
| Equity method investment net earnings | $58.0M | $31.0M | $60.0M | $78.0M |
| Other income (expense), net | ($3.0M) | ($12.0M) | ($16.0M) | $30.0M |
| Operating profit | $825.0M | $259.0M | $539.0M | $903.0M |
| Non-service pension benefit (expense) | $1.0M | $1.0M | ($9.0M) | $0 |
| Interest (expense) income, net | ($105.0M) | ($90.0M) | ($97.0M) | ($91.0M) |
| Earnings before income taxes | $721.0M | $170.0M | $433.0M | $812.0M |
| Income tax (expense) benefit | ($180.0M) | $96.0M | $1.0M | ($162.0M) |
| Earnings from continuing operations | $541.0M | $266.0M | $434.0M | $650.0M |
| Discontinued operations, net of tax | $0 | ($1.0M) | $21.0M | ($17.0M) |
| Net earnings (loss) | $541.0M | $265.0M | $455.0M | $633.0M |
| Less: Non-controlling interest in subsidiaries' | $40.0M | $27.0M | $27.0M | $42.0M |
| Continuing operations | $501.0M | $239.0M | $407.0M | $608.0M |
| Discontinued operations | $0 | ($1.0M) | $21.0M | ($17.0M) |
| Net earnings (loss) attributable to common shareowners | $501.0M | $238.0M | $428.0M | $591.0M |
| Continuing operations, Basic (in dollars per share) | $0.61 | $0.29 | $0.48 | $0.71 |
| Discontinued operations, Basic (in dollars per share) | $0.00 | $0.00 | $0.02 | -$0.02 |
| Net earnings (loss), Basic (in dollars per share) | $0.61 | $0.29 | $0.50 | $0.69 |
| Continuing operations, Diluted (in dollars per share) | $0.60 | $0.28 | $0.47 | $0.70 |
| Discontinued operations, Diluted (in dollars per share) | $0.00 | $0.00 | $0.03 | -$0.02 |
| Net earnings (loss), Diluted (in dollars per share) | $0.60 | $0.28 | $0.50 | $0.68 |
| Basic (in shares) | 828.1M | 835.0M | 848.8M | 854.9M |
| Diluted (in shares) | 836.5M | 842.8M | 858.6M | 866.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.6B | $4.0B | $10.0B | $3.5B |
| Accounts receivable, net | $2.6B | $2.7B | $2.5B | $2.8B |
| Inventories, net | $2.5B | $2.3B | $2.2B | $2.6B |
| Assets held for sale | $592.0M | $0 | $3.3B | $0 |
| Other assets, current | $1.3B | $972.0M | $447.0M | $349.0M |
| Total current assets | $8.5B | $9.9B | $18.8B | $9.9B |
| Future income tax benefits | $1.1B | $1.1B | $739.0M | $612.0M |
| Fixed assets, net | $3.2B | $3.0B | $2.3B | $2.2B |
| Operating lease right-of-use assets | $546.0M | $554.0M | $491.0M | $642.0M |
| Intangible assets, net | $6.3B | $6.4B | $1.0B | $1.3B |
| Goodwill | $15.5B | $14.6B | $8.0B | $10.0B |
| Pension and post-retirement assets | $56.0M | $43.0M | $32.0M | $26.0M |
| Equity method investments | $1.3B | $1.2B | $1.1B | $1.1B |
| Other assets | $668.0M | $558.0M | $330.0M | $219.0M |
| Total assets | $37.2B | $37.4B | $32.8B | $26.1B |
| Accounts payable | $2.7B | $2.5B | $2.7B | $2.8B |
| Accrued liabilities | $3.8B | $4.2B | $2.8B | $2.6B |
| Liabilities held for sale | $170.0M | $0 | $862.0M | $0 |
| Short-term borrowings and current portion of long-term debt | $468.0M | — | — | — |
| Total current liabilities | $7.1B | $7.9B | $6.9B | $6.0B |
| Long-term debt | $11.4B | $11.0B | $14.2B | $8.7B |
| Future pension and post-retirement obligations | $192.0M | $214.0M | $155.0M | $349.0M |
| Future income tax obligations | $1.8B | $2.0B | $535.0M | $568.0M |
| Operating lease liabilities | $418.0M | $432.0M | $391.0M | $529.0M |
| Other long-term liabilities | $2.1B | $1.4B | $1.6B | $1.8B |
| Total Liabilities | $23.1B | $23.0B | $23.8B | $18.0B |
| 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 | 10.0M | 9.0M | 9.0M | 9.0M |
| Treasury stock - 114,891,176 and 70,093,639 common shares, respectively | -6.8B | -3.9B | -2.0B | -1.9B |
| Additional paid-in capital | $8.7B | $8.6B | $5.5B | $5.5B |
| Retained earnings | $12.2B | $11.5B | $6.6B | $5.9B |
| Accumulated other comprehensive income (loss) | ($269.0M) | ($2.1B) | ($1.5B) | ($1.7B) |
| Non-controlling interest | $324.0M | $314.0M | $328.0M | $318.0M |
| Total Equity | $14.1B | $14.4B | $9.0B | $8.1B |
| Total Liabilities and Equity | $37.2B | $37.4B | $32.8B | $26.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.3B | $1.4B | $1.4B | $1.8B |
| Accounts receivable, net | $3.2B | $3.1B | $3.1B | $3.4B |
| Inventories, net | $2.8B | $2.6B | $3.0B | $2.9B |
| Assets held for sale | $815.0M | $621.0M | — | — |
| Other current assets | $1.3B | $1.3B | $1.3B | $1.1B |
| Total current assets | $9.4B | $9.0B | $8.8B | $9.1B |
| Future income tax benefits | $1.1B | $1.1B | $1.2B | $1.2B |
| Fixed assets, net | $3.2B | $3.1B | $3.2B | $3.2B |
| Operating lease right-of-use assets | $568.0M | $551.0M | $558.0M | $575.0M |
| Intangible assets, net | $5.8B | $6.0B | $6.6B | $6.8B |
| Goodwill | $15.3B | $15.3B | $15.7B | $15.7B |
| Pension and post-retirement assets | $61.0M | $58.0M | $50.0M | $50.0M |
| Equity method investments | $1.3B | $1.3B | $1.4B | $1.4B |
| Other assets | $677.0M | $669.0M | $596.0M | $540.0M |
| Total Assets | $37.4B | $37.2B | $38.1B | $38.5B |
| Accounts payable | $3.2B | $3.0B | $3.0B | $3.2B |
| Accrued liabilities | $4.0B | $3.7B | $4.2B | $4.5B |
| Liabilities held for sale | $414.0M | $170.0M | — | — |
| Short-term borrowings and current portion of long-term debt | $1.6B | $1.7B | $580.0M | — |
| Total current liabilities | $9.2B | $8.6B | $7.7B | $7.8B |
| Long-term debt | $10.3B | $10.4B | $11.3B | $11.3B |
| Future pension and post-retirement obligations | $185.0M | $188.0M | $220.0M | $221.0M |
| Future income tax obligations | $1.6B | $1.7B | $1.9B | $2.1B |
| Operating lease liabilities | $442.0M | $415.0M | $424.0M | $444.0M |
| Other long-term liabilities | $2.1B | $2.1B | $1.6B | $1.6B |
| Total Liabilities | $23.9B | $23.4B | $23.2B | $23.5B |
| Common stock | $10.0M | $10.0M | $9.0M | $9.0M |
| Treasury stock | ($7.5B) | ($7.1B) | ($6.3B) | ($5.5B) |
| Additional paid-in capital | $8.7B | $8.7B | $8.6B | $8.3B |
| Retained earnings | $12.5B | $12.4B | $12.5B | $12.3B |
| Accumulated other comprehensive income (loss) | ($537.0M) | ($560.0M) | ($365.0M) | ($413.0M) |
| Non-controlling interest | $325.0M | $349.0M | $330.0M | $308.0M |
| Total Equity | $13.5B | $13.8B | $14.8B | $15.0B |
| Total Liabilities and Equity | $37.4B | $37.2B | $38.1B | $38.5B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net earnings (loss) | $1.6B | $5.7B | $1.4B | $3.6B |
| Discontinued operations, net of tax | ($29.0M) | ($4.5B) | — | — |
| Depreciation and amortization | $1.3B | $1.2B | $542.0M | $380.0M |
| Deferred income tax provision | ($401.0M) | ($352.0M) | ($233.0M) | ($124.0M) |
| Stock-based compensation cost | $74.0M | $86.0M | $81.0M | $77.0M |
| Equity method investment net earnings | ($229.0M) | ($231.0M) | ($211.0M) | ($262.0M) |
| (Gain) loss on extinguishment of debt | $0 | ($82.0M) | $0 | ($36.0M) |
| (Gain) loss on sale of investments / deconsolidation | ($32.0M) | ($322.0M) | $278.0M | — |
| Accounts receivable, net | ($98.0M) | ($40.0M) | ($148.0M) | ($145.0M) |
| Inventories, net | ($81.0M) | $292.0M | $237.0M | ($334.0M) |
| Accounts payable and accrued liabilities | ($219.0M) | $87.0M | $477.0M | $61.0M |
| Distributions from equity method investments | $201.0M | $46.0M | $129.0M | $148.0M |
| Other operating activities, net | $42.0M | ($357.0M) | ($2.0M) | $143.0M |
| Net cash flows provided by (used in) continuing operating activities | $2.1B | $1.6B | — | — |
| Net cash flows provided by (used in) discontinued operating activities | $424.0M | ($1.0B) | — | — |
| Net cash flows provided by (used in) operating activities | $2.5B | $563.0M | $2.6B | $1.7B |
| Capital expenditures | ($392.0M) | ($519.0M) | ($469.0M) | ($353.0M) |
| Investment in businesses, net of cash acquired | ($107.0M) | ($10.9B) | ($84.0M) | ($506.0M) |
| Dispositions of businesses | $27.0M | $634.0M | $54.0M | $2.9B |
| Settlement of derivative contracts, net | $105.0M | ($264.0M) | ($50.0M) | ($194.0M) |
| Other investing activities, net | $24.0M | $14.0M | $23.0M | $0 |
| Net cash flows provided by (used in) continuing investing activities | ($343.0M) | ($11.0B) | — | — |
| Net cash flows provided by (used in) discontinued investing activities | $36.0M | $9.0B | — | — |
| Net cash flows provided by (used in) investing activities | ($307.0M) | ($2.0B) | ($660.0M) | $1.7B |
| (Decrease) increase in short-term borrowings, net | $275.0M | $50.0M | ($15.0M) | ($140.0M) |
| Issuance of long-term debt | $48.0M | $3.4B | $5.6B | $432.0M |
| Repayment of long-term debt | ($1.2B) | ($5.3B) | ($111.0M) | ($1.3B) |
| Repurchases of common stock | ($2.9B) | ($1.9B) | ($62.0M) | ($1.4B) |
| Dividends paid on common stock | ($772.0M) | ($670.0M) | ($620.0M) | ($509.0M) |
| Dividends paid to non-controlling interest | ($101.0M) | ($84.0M) | ($58.0M) | ($46.0M) |
| Other financing activities, net | ($18.0M) | ($30.0M) | ($131.0M) | ($13.0M) |
| Net cash flows provided by (used in) continuing financing activities | ($4.7B) | ($4.6B) | — | — |
| Net cash flows provided by (used in) discontinued financing activities | $0 | ($25.0M) | — | — |
| Net cash flows provided by (used in) financing activities | ($4.7B) | ($4.6B) | $4.6B | ($2.9B) |
| Effect of foreign exchange rate changes on cash and cash equivalents | $76.0M | ($103.0M) | $88.0M | ($56.0M) |
| Net increase (decrease) in cash and cash equivalents and restricted cash, including cash classified in current assets held for sale | ($2.4B) | ($6.2B) | $6.6B | $501.0M |
| Less: Change in cash balances classified as assets held for sale | $25.0M | ($320.0M) | $157.0M | $0 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | ($2.4B) | ($5.9B) | $6.5B | $501.0M |
| Cash, cash equivalents and restricted cash, beginning of period | $4.0B | $9.9B | $3.5B | $3.0B |
| Cash, cash equivalents and restricted cash, end of period | $1.6B | $4.0B | $10.0B | $3.5B |
| Less: restricted cash | $2.0M | $3.0M | $2.0M | $7.0M |
| Cash and cash equivalents, end of period | $1.6B | $4.0B | $10.0B | $3.5B |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net earnings (loss) | $806.0M | $265.0M | $1.5B | $1.1B |
| Discontinued operations, net of tax | $0 | $1.0M | ($4.0M) | $17.0M |
| Depreciation and amortization | $629.0M | $315.0M | $945.0M | $620.0M |
| Deferred income tax provision | ($242.0M) | ($179.0M) | ($316.0M) | ($158.0M) |
| Stock-based compensation costs | $33.0M | $21.0M | $55.0M | $44.0M |
| Equity method investment net earnings | ($89.0M) | ($31.0M) | ($182.0M) | ($122.0M) |
| (Gain) loss on sale of investments and impairments, net | $37.0M | ($3.0M) | ($17.0M) | ($17.0M) |
| Accounts receivable, net | ($651.0M) | ($509.0M) | ($490.0M) | ($702.0M) |
| Inventories, net | ($335.0M) | ($138.0M) | ($528.0M) | ($412.0M) |
| Accounts payable and accrued liabilities | $631.0M | $351.0M | $170.0M | $378.0M |
| Distributions from equity method investments | $51.0M | $12.0M | $105.0M | $81.0M |
| Other operating activities, net | $83.0M | ($39.0M) | ($187.0M) | ($47.0M) |
| Net cash flows provided by (used in) continuing operating activities | $953.0M | $66.0M | $1.1B | $752.0M |
| Net cash flows provided by (used in) discontinued operating activities | $53.0M | $13.0M | $397.0M | $380.0M |
| Net cash flows provided by (used in) operating activities | $1.0B | $79.0M | $1.5B | $1.1B |
| Capital expenditures | ($211.0M) | ($94.0M) | ($261.0M) | ($144.0M) |
| Investment in businesses, net of cash acquired | ($54.0M) | ($23.0M) | ($92.0M) | ($61.0M) |
| Dispositions of businesses | $15.0M | $8.0M | $8.0M | $8.0M |
| Settlement of derivative contracts, net | $6.0M | $35.0M | $120.0M | $87.0M |
| Other investing activities, net | $9.0M | $9.0M | ($7.0M) | ($3.0M) |
| Net cash flows provided by (used in) continuing investing activities | ($235.0M) | ($65.0M) | ($232.0M) | ($113.0M) |
| Net cash flows provided by (used in) discontinued investing activities | $0 | $0 | $35.0M | $35.0M |
| Net cash flows provided by (used in) investing activities | ($235.0M) | ($65.0M) | ($197.0M) | ($78.0M) |
| Increase (decrease) in short-term borrowings, net | $361.0M | $371.0M | $387.0M | ($57.0M) |
| Issuance of long-term debt | $39.0M | $22.0M | $32.0M | $15.0M |
| Repayment of long-term debt | ($57.0M) | ($16.0M) | ($1.2B) | ($1.2B) |
| Repurchases of common stock | ($745.0M) | ($306.0M) | ($2.4B) | ($1.6B) |
| Dividends paid on common stock | ($400.0M) | ($201.0M) | ($583.0M) | ($390.0M) |
| Dividends paid to non-controlling interest | ($65.0M) | ($1.0M) | ($81.0M) | ($9.0M) |
| Other financing activities, net | ($34.0M) | ($10.0M) | ($18.0M) | ($17.0M) |
| Net cash flows provided by (used in) continuing financing activities | ($901.0M) | ($141.0M) | ($3.9B) | ($3.3B) |
| Net cash flows provided by (used in) discontinued financing activities | $0 | $0 | $0 | $0 |
| Net cash flows provided by (used in) financing activities | ($901.0M) | ($141.0M) | ($3.9B) | ($3.3B) |
| Effect of foreign exchange rate changes on cash and cash equivalents | ($10.0M) | ($13.0M) | $63.0M | $68.0M |
| Net increase (decrease) in cash and cash equivalents and restricted cash, including cash classified in current assets held for sale | ($140.0M) | ($140.0M) | ($2.5B) | ($2.2B) |
| Less: Change in cash balances classified as assets held for sale | $70.0M | $43.0M | $0 | $0 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | ($210.0M) | ($183.0M) | ($2.5B) | ($2.2B) |
| Cash, cash equivalents and restricted cash, beginning of period | $1.6B | $1.6B | $4.0B | $4.0B |
| Cash, cash equivalents and restricted cash, end of period | $1.3B | $1.4B | $1.4B | $1.8B |
| Less: restricted cash | $3.0M | $3.0M | $3.0M | $3.0M |
| Cash and cash equivalents, end of period | $1.3B | $1.4B | $1.4B | $1.8B |
Carrier Global Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.