Carrier Global Corporation logo CARR - Carrier Global Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 14
HOLD 11
SELL 1
STRONG
SELL 0
| PRICE TARGET: $67.50 DETAILS
HIGH: $79.00
LOW: $55.00
MEDIAN: $68.50
CONSENSUS: $67.50
UPSIDE: 6.91%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue
Revenue 21,747 22,486 18,951 17,288 20,613 17,456 18,608 18,914 17,814
Cost of Revenue 16,123 16,505 13,789 12,991 14,633 12,347 13,189 13,345 12,629
Gross Profit 5,624 5,981 5,162 4,297 5,980 5,109 5,419 5,569 5,185
Operating Expenses
R&D Expenses 625 686 493 416 503 419 401 400 364
SG&A Expenses 3,092 3,197 2,607 1,977 3,120 2,820 2,761 2,689 2,584
Other Expenses 0 0 0 0 (288) (1,213) (234) (1,157) (793)
Operating Expenses 3,717 3,883 3,100 2,393 3,335 2,026 2,928 1,932 2,155
Operating Income
Operating Income 1,907 2,098 2,062 1,904 2,645 3,083 2,491 3,637 3,030
Interest Expense 345 580 306 302 319 298 75 84 219
Interest Income 169 209 146 83 13 10 102 121 104
Profitability
EBITDA 3,530 4,086 2,796 2,232 2,695 3,489 2,592 4,283 3,645
EBIT 2,256 2,854 2,305 1,904 2,357 3,153 2,257 3,926 3,273
Income Before Tax 1,798 2,274 1,999 3,823 2,400 2,855 2,672 3,842 3,054
Income Tax Expense 240 1,062 521 616 699 849 517 1,073 1,787
Net Income 1,484 5,604 1,349 3,534 1,664 1,982 2,116 2,734 1,227
Per Share Data
EPS (Basic) 1.74 6.24 1.61 4.19 1.92 2.29 2.44 3.16 –
EPS (Diluted) 1.70 6.15 1.63 4.10 1.87 2.25 2.44 3.16 –
Shares Outstanding 839.2 898.2 837.3 843.4 867.7 866.5 866.2 866.2 866.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017
Current Assets
Cash & Cash Equivalents 1,555 3,969 9,852 3,520 2,987 3,115 952 1,129 1,324
Short-Term Investments 0 0 0 0 0 0 0 0 0
Net Receivables 2,639 2,651 2,080 3,370 2,906 3,437 3,348 3,239 2,658
Inventory 2,483 2,299 1,823 2,640 1,970 1,629 1,332 1,363 1,529
Other Current Assets 1,856 972 5,821 349 3,544 343 327 378 489
Total Current Assets 8,533 9,891 19,576 9,879 11,407 8,524 5,959 6,109 6,000
Non-Current Assets
Property, Plant & Equipment 3,711 3,553 2,581 2,883 2,466 2,598 2,495 1,653 1,684
Goodwill 15,501 14,601 7,520 9,977 9,349 10,139 9,884 9,849 10,065
Intangible Assets 6,326 6,432 945 1,342 509 1,037 1,083 1,214 1,296
Long-Term Investments 1,321 1,194 1,140 1,148 1,593 1,513 1,739 1,770 1,690
Other Non-Current Assets 1,798 601 342 245 285 833 746 744 1,250
Total Non-Current Assets 28,657 27,512 13,246 16,207 14,765 16,569 16,447 15,628 15,985
Total Assets 37,190 37,403 32,822 26,086 26,172 25,093 22,406 21,737 21,985
Current Liabilities
Account Payables 2,702 2,458 2,483 2,833 2,334 1,936 1,701 1,944 1,808
Short-Term Debt 468 1,252 51 140 183 191 237 150 23
Deferred Revenue 0 553 425 449 415 512 469 472 0
Other Current Liabilities 3,944 (553) 1,025 0 1,134 (161) 0 0 1,046
Total Current Liabilities 7,114 7,892 6,981 6,032 6,627 5,110 4,469 4,466 4,250
Non-Current Liabilities
Long-Term Debt 11,783 11,026 14,242 8,702 9,513 10,036 75 137 135
Deferred Tax Liabilities 1,833 2,015 523 568 354 479 1,099 1,280 0
Other Non-Current Liabilities 1,914 1,643 1,738 2,179 2,057 2,248 1,639 1,722 2,816
Total Non-Current Liabilities 15,948 15,116 16,836 11,978 12,451 13,405 3,502 3,002 2,951
Total Liabilities 23,062 23,008 23,817 18,010 19,078 18,515 7,971 7,468 7,201
Stockholders' Equity
Common Stock 10 9 9 9 9 9 15,355 15,132 15,030
Retained Earnings 12,193 11,483 6,591 5,866 2,865 1,643 0 0 0
Accumulated Other Comprehensive Income (269) (2,106) (1,486) (1,688) (989) (745) (1,253) (1,215) (617)
Total Stockholders' Equity 13,804 14,081 8,677 7,758 6,767 6,252 14,102 13,917 14,413
Total Liabilities & Equity 37,190 37,403 32,822 26,086 26,172 25,093 22,406 21,737 21,985
Debt Metrics
Total Debt 12,669 12,710 14,626 9,371 10,223 11,030 682 287 158
Net Debt 11,114 8,741 4,774 5,851 7,236 7,915 (270) (842) (1,166)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017
Operating Activities
Net Income 1,493 1,212 1,478 3,207 1,701 2,006 2,155 2,769 1,267
Depreciation & Amortization 1,274 1,232 491 328 338 336 335 357 372
Stock-Based Compensation 74 86 71 65 92 77 52 44 34
Change in Working Capital (143) 339 503 (241) 317 86 (360) (324) 228
Other Non-Cash Items (208) (1,954) 307 (1,510) (137) (910) 3 (924) (675)
Operating Cash Flow 2,089 563 2,607 1,743 2,237 1,692 2,063 2,055 2,098
Investing Activities
Capital Expenditure (392) (519) (439) (317) (344) (312) (243) (263) (326)
Acquisitions 0 (10,256) (30) 2,292 (366) 0 0 (310) 472
Purchases of Investments 0 (264) (50) (194) 0 0 0 0 0
Sales/Maturities of Investments (32) 0 0 0 11 1,417 6 1,032 0
Other Investing Activities 81 9,014 (141) (36) 7 1 (22) (44) 125
Investing Cash Flow (343) (2,025) (660) 1,745 (692) 1,106 (259) 415 271
Financing Activities
Net Debt Issuance (889) (1,883) 5,493 (992) (551) 9,850 (6) 120 (8)
Stock Repurchased (2,892) (1,944) (62) (1,380) (527) 0 0 0 (286)
Dividends Paid (772) (670) (620) (509) (417) (138) 0 0 0
Other Financing Activities (119) (139) (199) (50) (67) (10,393) (1,976) (2,747) (1,895)
Financing Cash Flow (4,672) (4,636) 4,612 (2,931) (1,562) (681) (1,982) (2,627) (2,193)
Cash Position
Net Change in Cash (2,415) (5,881) 6,326 501 (89) 2,163 (177) 1,129 0
Cash at Beginning 3,972 9,853 3,527 3,026 3,115 952 1,129 0 0
Cash at End 1,557 3,972 9,853 3,527 3,026 3,115 952 1,129 0
Free Cash Flow 1,697 44 2,168 1,426 1,893 1,380 1,820 1,792 1,772
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017
Income Statement
Revenue 21,747 22,486 18,951 17,288 20,613 17,456 18,608 18,914 17,814
Gross Profit 5,624 5,981 5,162 4,297 5,980 5,109 5,419 5,569 5,185
Operating Income 1,907 2,098 2,062 1,904 2,645 3,083 2,491 3,637 3,030
Net Income 1,484 5,604 1,349 3,534 1,664 1,982 2,116 2,734 1,227
EPS (Diluted) 1.70 6.15 1.63 4.10 1.87 2.25 2.44 3.16 –
Balance Sheet
Cash & Equivalents 1,555 3,969 9,852 3,520 2,987 3,115 952 1,129 1,324
Total Assets 37,190 37,403 32,822 26,086 26,172 25,093 22,406 21,737 21,985
Total Debt 12,669 12,710 14,626 9,371 10,223 11,030 682 287 158
Stockholders' Equity 13,804 14,081 8,677 7,758 6,767 6,252 14,102 13,917 14,413
Cash Flow
Operating Cash Flow 2,089 563 2,607 1,743 2,237 1,692 2,063 2,055 2,098
Capital Expenditure (392) (519) (439) (317) (344) (312) (243) (263) (326)
Free Cash Flow 1,697 44 2,168 1,426 1,893 1,380 1,820 1,792 1,772