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 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Revenue
Revenue 5,341 4,837 5,579 6,113 5,218 5,148 5,984 5,934 5,420 5,102 4,935 5,992 5,273 5,105 5,451 5,211 4,654 5,133 5,341 5,440 4,699 4,594 5,002 3,972 3,888 4,501 4,822 4,962 4,323
Cost of Revenue 4,097 3,876 4,130 4,344 3,773 3,804 4,307 4,359 4,035 3,668 3,449 4,237 3,895 3,858 3,974 3,764 3,361 3,767 3,740 3,821 3,305 3,309 3,441 2,831 2,766 3,228 3,376 3,488 3,097
Gross Profit 1,244 961 1,449 1,769 1,445 1,344 1,677 1,575 1,385 1,434 1,486 1,755 1,378 1,247 1,477 1,447 1,293 1,366 1,601 1,619 1,394 1,285 1,561 1,141 1,122 1,273 1,446 1,474 1,226
Operating Expenses
R&D Expenses 143 160 151 161 153 162 172 160 192 170 126 151 139 149 143 122 125 134 123 125 121 127 100 94 98 99 102 103 97
SG&A Expenses 861 747 803 813 729 803 799 789 807 961 664 784 721 673 624 614 601 816 748 813 743 810 681 637 692 695 702 680 684
Other Expenses 0 0 0 0 0 0 (57) (98) 1 (304) 186 331 (37) (8) (816) (108) (1,170) (47) (98) (102) (41) (897) (301) (32) 17 (78) 13 (114) (55)
Operating Expenses 1,004 907 954 974 882 965 914 851 1,000 827 976 1,266 823 814 (49) 628 (444) 903 773 836 823 40 480 699 807 716 817 669 726
Operating Income
Operating Income 240 54 495 795 563 379 763 724 385 607 510 489 555 433 1,526 819 1,737 463 828 783 571 1,245 1,081 442 315 557 629 805 500
Interest Expense 90 2 116 115 112 118 131 175 156 97 73 94 71 76 71 68 87 68 76 75 96 85 90 85 38 20 20 9 26
Interest Income 0 96 19 24 30 37 139 18 15 63 34 27 25 22 15 7 39 0 2 4 3 3 2 4 1 24 23 25 30
Profitability
EBITDA 596 449 874 1,244 963 1,129 1,213 1,036 708 805 639 653 716 576 1,643 901 1,854 564 927 891 675 1,356 1,181 538 414 695 783 950 654
EBIT 281 120 549 927 660 811 901 742 400 670 544 516 580 453 1,541 825 1,775 477 844 806 592 1,261 1,099 460 333 611 699 868 569
Income Before Tax 170 5 433 812 548 693 770 567 244 559 471 422 509 377 1,470 757 1,688 405 768 731 496 1,176 1,009 375 295 591 679 859 543
Income Tax Expense (96) (32) (1) 162 111 723 172 120 47 120 177 189 122 99 138 170 301 73 288 234 104 289 261 106 193 137 175 65 140
Net Income 238 53 428 591 412 2,551 447 2,337 269 420 357 199 373 270 1,312 573 1,379 324 469 487 384 884 741 261 96 440 492 784 400
Per Share Data
EPS (Basic) 0.29 0.06 0.50 0.71 0.48 2.87 0.50 2.59 0.30 0.50 0.43 0.24 0.45 0.32 1.56 0.68 1.62 0.37 0.54 0.56 0.44 1.02 0.86 0.30 0.11 0.51 0.57 0.91 0.46
EPS (Diluted) 0.28 0.06 0.50 0.70 0.47 2.82 0.49 2.55 0.29 0.49 0.42 0.23 0.44 0.31 1.53 0.67 1.58 0.37 0.53 0.55 0.43 1.00 0.84 0.30 0.11 0.50 0.57 0.91 0.46
Shares Outstanding 835 839.2 848.8 854.9 866.9 890.1 901.2 902.4 899.2 839.6 838.7 836 835 835.6 839.6 845.7 853.3 865.2 867.6 868.7 869.3 866.4 866.4 866.2 866.2 866.2 866.2 866.2 866.2
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q1
Current Assets
Cash & Cash Equivalents 1,374 1,555 1,423 1,797 1,698 3,969 2,225 2,919 1,313 9,852 3,902 3,209 3,347 3,520 2,985 3,017 3,604 2,987 2,671 2,630 2,599 3,115 3,848 2,704 768 952 (1,129)
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,258
Net Receivables 3,130 2,639 3,129 3,373 2,979 2,651 2,726 3,520 3,476 2,080 3,635 3,790 3,600 3,370 3,669 3,535 3,254 2,906 3,171 3,823 3,525 3,437 3,625 3,426 3,325 3,348 0
Inventory 2,581 2,483 3,004 2,888 2,648 2,299 2,646 3,045 3,189 1,823 2,562 2,699 2,803 2,640 2,664 2,350 2,358 1,970 1,926 1,885 1,854 1,629 1,581 1,639 1,556 1,332 0
Other Current Assets 1,933 1,856 1,283 1,073 1,119 972 3,597 2,089 3,737 5,821 412 443 408 349 422 374 386 3,544 3,532 416 350 343 280 284 319 327 0
Total Current Assets 9,018 8,533 8,839 9,131 8,444 9,891 11,194 11,573 11,715 19,576 10,511 10,141 10,158 9,879 9,740 9,276 9,602 11,407 11,300 8,754 8,328 8,524 9,334 8,053 5,968 5,959 1,129
Non-Current Assets
Property, Plant & Equipment 3,673 3,711 3,772 3,757 3,603 3,553 3,583 3,752 3,812 2,581 2,787 2,862 2,902 2,883 2,680 2,400 2,421 2,466 2,390 2,623 2,547 2,598 2,499 2,494 2,503 2,495 0
Goodwill 15,313 15,501 15,680 15,672 14,959 14,601 15,294 15,245 15,366 7,520 9,825 9,927 9,987 9,977 9,621 9,067 9,288 9,349 9,237 10,279 10,077 10,139 9,906 9,735 9,648 9,884 0
Intangible Assets 5,987 6,326 6,560 6,770 6,480 6,432 7,118 7,048 7,351 945 1,100 1,181 1,287 1,342 1,309 458 488 509 481 1,071 1,002 1,037 1,024 1,024 1,014 1,083 0
Long-Term Investments 1,331 1,321 1,381 1,353 1,253 1,194 1,287 1,261 1,155 1,140 1,166 1,139 1,103 1,148 1,151 1,671 1,638 1,593 1,619 1,572 1,530 1,513 1,696 1,697 1,664 1,739 0
Other Non-Current Assets 727 1,798 1,845 590 559 601 583 646 588 342 443 344 335 245 230 224 239 285 305 978 923 833 830 754 750 746 (1,129)
Total Non-Current Assets 28,168 28,657 29,238 29,362 28,003 27,512 29,007 28,851 29,095 13,246 16,033 16,143 16,253 16,207 15,610 14,386 14,591 14,765 14,488 16,984 16,540 16,569 16,394 16,123 16,033 16,447 (1,129)
Total Assets 37,186 37,190 38,077 38,493 36,447 37,403 40,201 40,424 40,810 32,822 26,544 26,284 26,411 26,086 25,350 23,662 24,193 26,172 25,788 25,738 24,868 25,093 25,728 24,176 22,001 22,406 0
Current Liabilities
Account Payables 2,979 2,702 2,959 3,214 3,015 2,458 2,829 3,181 3,074 2,483 2,887 2,956 2,926 2,833 2,817 2,403 2,519 2,334 2,158 2,362 2,175 1,936 2,019 1,765 1,776 1,701 0
Short-Term Debt 1,736 468 580 107 104 1,252 2,095 2,052 1,248 51 134 134 142 140 219 269 256 183 130 125 153 191 223 301 218 237 0
Deferred Revenue 0 0 0 0 0 0 0 493 501 425 496 483 516 449 440 444 426 415 418 576 545 512 495 477 485 469 0
Other Current Liabilities 3,870 3,944 0 0 0 0 1,221 687 820 1,025 0 0 0 0 0 0 0 1,134 1,102 0 0 (161) 0 0 0 0 0
Total Current Liabilities 8,585 7,114 7,747 7,829 7,011 7,892 10,378 10,675 8,637 6,981 6,349 6,234 5,958 6,032 6,013 5,546 5,531 6,627 6,068 5,604 5,138 5,110 5,182 4,789 4,451 4,469 0
Non-Current Liabilities
Long-Term Debt 10,422 11,783 11,336 11,336 11,080 11,026 10,337 11,270 15,647 14,242 8,651 8,655 8,708 8,702 8,670 8,298 8,305 9,513 9,558 9,600 9,577 10,036 11,751 11,728 11,029 75 0
Deferred Tax Liabilities 1,688 1,833 1,943 2,087 2,028 2,015 2,241 2,184 2,272 523 553 560 581 568 522 335 366 354 331 556 477 479 471 445 1,161 1,099 0
Other Non-Current Liabilities 2,275 1,914 1,788 1,783 1,693 1,643 1,758 1,715 1,843 1,738 2,024 2,062 2,190 2,179 2,168 2,001 2,070 2,057 2,094 2,223 2,237 2,248 2,211 2,160 1,626 1,639 0
Total Non-Current Liabilities 14,800 15,948 15,491 15,650 15,238 15,116 14,781 15,670 20,267 16,836 11,693 11,762 11,985 11,978 11,874 11,124 11,232 12,451 12,498 13,014 12,912 13,405 15,109 15,021 14,524 3,502 0
Total Liabilities 23,385 23,062 23,238 23,479 22,249 23,008 25,159 26,345 28,904 23,817 18,042 17,996 17,943 18,010 17,887 16,670 16,763 19,078 18,566 18,618 18,050 18,515 20,291 19,810 18,975 7,971 0
Stockholders' Equity
Common Stock 10 10 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 4,433 15,355 0
Retained Earnings 12,431 12,193 12,530 12,294 11,895 11,483 9,301 8,854 6,860 6,591 6,486 6,129 6,239 5,866 5,876 4,564 4,244 2,865 2,774 2,305 2,027 1,643 932 191 0 0 0
Accumulated Other Comprehensive Income (560) (269) (365) (413) (1,473) (2,106) (802) (1,686) (1,872) (1,486) (1,856) (1,691) (1,636) (1,688) (2,405) (1,775) (1,297) (989) (991) (794) (859) (745) (1,172) (1,479) (1,736) (1,253) 13,917
Total Stockholders' Equity 13,452 13,804 14,509 14,706 13,859 14,081 14,693 13,768 11,561 8,677 8,184 7,969 8,134 7,758 7,152 6,696 7,101 6,767 6,900 6,756 6,489 6,252 5,096 4,028 2,697 14,102 14,269
Total Liabilities & Equity 37,186 37,190 38,077 38,493 36,447 37,403 40,201 40,424 40,810 32,822 26,544 26,284 26,411 26,086 25,350 23,662 24,193 26,172 25,788 25,738 24,868 25,093 25,728 24,176 22,001 22,406 14,269
Debt Metrics
Total Debt 12,573 12,669 12,340 11,887 11,621 12,710 12,877 13,823 17,400 14,626 9,250 9,274 9,356 9,371 9,403 9,057 9,052 10,223 10,203 10,360 10,351 11,030 12,650 12,717 11,955 682 0
Net Debt 11,199 11,114 10,917 10,090 9,923 8,741 10,652 10,901 16,087 4,774 5,348 6,065 6,009 5,851 6,418 6,040 5,448 7,236 7,532 7,730 7,752 7,915 8,802 10,013 11,187 (270) 1,129
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Operating Activities
Net Income 265 62 434 650 437 (30) 598 447 197 439 422 233 387 278 1,332 587 1,387 332 480 497 392 887 748 269 102 454 504 794 403
Depreciation & Amortization 315 329 325 317 303 318 312 294 308 135 95 137 136 123 102 76 79 87 83 85 83 95 82 78 81 84 84 82 85
Stock-Based Compensation 21 19 11 21 23 21 25 21 19 18 15 18 22 19 17 20 21 32 20 21 19 21 21 22 13 12 18 14 8
Change in Working Capital (296) 705 (112) (554) (182) 656 (94) 187 (410) 509 724 (121) (332) 579 143 (437) (621) 498 (25) 52 (208) (65) 368 88 (305) 262 80 (141) (621)
Other Non-Cash Items (47) (17) (159) 304 (29) (777) (1,045) (162) 30 43 (175) 203 (69) 141 (714) (149) (1,116) 107 (15) (129) (100) (715) (268) 52 21 214 (16) (123) (73)
Operating Cash Flow 79 1,013 341 649 483 132 (269) 660 40 1,062 1,041 384 120 1,123 790 32 (202) 913 579 561 184 199 937 509 47 1,013 618 554 (183)
Investing Activities
Capital Expenditure (94) (131) (117) (81) (63) (217) (92) (108) (102) (233) (73) (74) (70) (140) (91) (66) (56) (138) (74) (79) (53) (161) (57) (46) (48) (104) (50) (48) (41)
Acquisitions (23) 0 (31) (49) (4) 617 (94) (7) (10,772) (15) 139 (137) (17) (180) (434) (20) 2,926 (155) (45) (160) (6) 0 0 0 0 0 0 0 1
Purchases of Investments 0 0 0 0 0 (77) (2) 24 (209) 16 (52) 4 (18) 8 (79) (91) (32) 0 (12) 0 0 0 0 72 (95) 0 0 0 0
Sales/Maturities of Investments 8 (15) 33 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11 0 0 8 1,050 0 0 0 0 0 0 0
Other Investing Activities 44 35 (4) 75 44 2,766 1,347 4,899 2 3 (149) 11 5 12 4 2 (18) 16 6 (13) 2 (13) 390 (1) 15 41 (20) 11 (3)
Investing Cash Flow (65) (111) (119) (55) (23) 3,089 1,159 4,808 (11,081) (229) (135) (196) (100) (300) (600) (175) 2,820 (266) (125) (252) (49) 876 333 25 (128) (63) (70) (37) (43)
Financing Activities
Net Debt Issuance 377 (99) 460 (5) (1,245) 24 (927) (3,543) 2,563 5,519 (3) (38) 13 (94) 239 14 (1,142) 36 (43) (53) (491) (1,766) (65) 798 10,883 (57) (34) 28 57
Stock Repurchased (306) (479) (785) (340) (1,288) (1,513) (431) 0 0 0 0 0 (62) (119) (247) (280) (734) (252) (145) (94) (36) 0 0 0 0 0 0 0 0
Dividends Paid (201) (189) (193) (192) (198) (156) (184) (171) (159) (155) (156) (155) (154) (125) (127) (128) (129) (104) (104) (105) (104) (68) (70) 0 0 0 0 0 0
Other Financing Activities (11) (20) (73) (10) (16) (41) (2) (71) (25) (64) (23) (100) (10) (9) (15) (20) (15) (17) (35) (3) (12) (20) (7) 593 (10,959) (815) (569) (463) (114)
Financing Cash Flow (141) (787) (591) (547) (2,747) (1,686) (1,544) (3,785) 2,379 5,300 (182) (293) (213) (347) (150) (414) (2,020) (337) (327) (255) (643) (1,854) (142) 1,391 (76) (872) (603) (435) (57)
Cash Position
Net Change in Cash (183) 131 (374) 98 (2,270) 1,733 (683) 1,605 (8,536) 5,945 692 (138) (173) 536 (34) (597) 596 322 40 65 (516) (733) 1,144 1,936 (184) 952 0 0 0
Cash at Beginning 1,557 1,426 1,800 1,702 3,972 2,239 2,922 1,317 9,853 3,908 3,216 3,354 3,527 2,991 3,025 3,622 3,026 2,704 2,664 2,599 3,115 3,848 2,704 768 952 0 0 0 0
Cash at End 1,374 1,557 1,426 1,800 1,702 3,972 2,239 2,922 1,317 9,853 3,908 3,216 3,354 3,527 2,991 3,025 3,622 3,026 2,704 2,664 2,599 3,115 3,848 2,704 768 952 0 0 0
Free Cash Flow (15) 882 224 568 420 (85) (361) 552 (62) 829 968 310 50 983 699 (34) (258) 775 505 482 131 38 880 463 (1) 909 568 506 (224)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Income Statement
Revenue 5,341 4,837 5,579 6,113 5,218 5,148 5,984 5,934 5,420 5,102 4,935 5,992 5,273 5,105 5,451 5,211 4,654 5,133 5,341 5,440 4,699 4,594 5,002 3,972 3,888 4,501 4,822 4,962 4,323
Gross Profit 1,244 961 1,449 1,769 1,445 1,344 1,677 1,575 1,385 1,434 1,486 1,755 1,378 1,247 1,477 1,447 1,293 1,366 1,601 1,619 1,394 1,285 1,561 1,141 1,122 1,273 1,446 1,474 1,226
Operating Income 240 54 495 795 563 379 763 724 385 607 510 489 555 433 1,526 819 1,737 463 828 783 571 1,245 1,081 442 315 557 629 805 500
Net Income 238 53 428 591 412 2,551 447 2,337 269 420 357 199 373 270 1,312 573 1,379 324 469 487 384 884 741 261 96 440 492 784 400
EPS (Diluted) 0.28 0.06 0.50 0.70 0.47 2.82 0.49 2.55 0.29 0.49 0.42 0.23 0.44 0.31 1.53 0.67 1.58 0.37 0.53 0.55 0.43 1.00 0.84 0.30 0.11 0.50 0.57 0.91 0.46
Balance Sheet
Cash & Equivalents 1,374 1,555 1,423 1,797 1,698 3,969 2,225 2,919 1,313 9,852 3,902 3,209 3,347 3,520 2,985 3,017 3,604 2,987 2,671 2,630 2,599 3,115 3,848 2,704 768 952 (1,129)
Total Assets 37,186 37,190 38,077 38,493 36,447 37,403 40,201 40,424 40,810 32,822 26,544 26,284 26,411 26,086 25,350 23,662 24,193 26,172 25,788 25,738 24,868 25,093 25,728 24,176 22,001 22,406 0
Total Debt 12,573 12,669 12,340 11,887 11,621 12,710 12,877 13,823 17,400 14,626 9,250 9,274 9,356 9,371 9,403 9,057 9,052 10,223 10,203 10,360 10,351 11,030 12,650 12,717 11,955 682 0
Stockholders' Equity 13,452 13,804 14,509 14,706 13,859 14,081 14,693 13,768 11,561 8,677 8,184 7,969 8,134 7,758 7,152 6,696 7,101 6,767 6,900 6,756 6,489 6,252 5,096 4,028 2,697 14,102 14,269
Cash Flow
Operating Cash Flow 79 1,013 341 649 483 132 (269) 660 40 1,062 1,041 384 120 1,123 790 32 (202) 913 579 561 184 199 937 509 47 1,013 618 554 (183)
Capital Expenditure (94) (131) (117) (81) (63) (217) (92) (108) (102) (233) (73) (74) (70) (140) (91) (66) (56) (138) (74) (79) (53) (161) (57) (46) (48) (104) (50) (48) (41)
Free Cash Flow (15) 882 224 568 420 (85) (361) 552 (62) 829 968 310 50 983 699 (34) (258) 775 505 482 131 38 880 463 (1) 909 568 506 (224)