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Carrier Global

CARR

Carrier Global Corporation is a global provider of intelligent climate and energy solutions, specializing in heating, cooling, and cold chain technology.

Market cap
$63.12B+1.4%
Revenue$21.9B-1.9%
Net income$1.3B-77.2%
Free cash flow$1.7B-3.7%
EPS (diluted)$1.53-55.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (in a month)
Revenue estimate$6.0B
EPS estimate$0.82

Financials

Q1 2026

Income statement

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Revenue$5.3B+2.4%
Operating income$259.0M-58.8%
Net income$238.0M-42.2%
EPS (diluted)$0.28-40.4%

Balance sheet

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Cash & equivalents$1.4B-19.3%
Total debt$12.8B+9.6%
Total equity$13.8B-2.8%
Total assets$37.2B+2.0%

Cash flow

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Operating cash flow$79.0M-83.6%
CapEx$94.0M+49.2%
Free cash flow-$15.0M-104%

Valuation & ratios

Valuation

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Market cap$63.12B+1.4%
Enterprise value$74.6B+5.9%
P/E48.2×+37.7×
P/S2.9×+0.2×

Profitability

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Operating margin8.2%-4.7pp
Net margin6%-19.8pp
FCF margin7.7%

Returns & leverage

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Return on equity9.4%-34.7pp
Debt / equity0.9×+0.1×
Current ratio1.1×-0.2×

Segments

By segment

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Climate Solutions Americas$2.5B-2.8%
Climate Solutions Europe$1.3B+10.6%
Climate Solutions Asia Pacific, Middle East & Africa$834.0M+1.0%
Climate Solutions Transportation$713.0M

By geography

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Europe$1.5B+10.6%
Asia Pacific$986.0M+4.8%
Other$149.0M+8.0%

By product

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Service$674.0M+19.1%

Competitors

Profile

Carrier Global Corporation is a global provider of intelligent climate and energy solutions, specializing in heating, cooling, and cold chain technology. The company focuses on digitally enabled lifecycle solutions, including energy management and building services such as system integration, maintenance, and monitoring. Its value proposition centers on addressing secular trends like electrification, urbanization, and food security through a portfolio of industry-leading brands.

Competitive position

A global leader in climate solutions with a significant focus on high-growth segments like heat pumps and digital energy management.

GeographiesUnited States, Europe, Asia-Pacific, Global
Customer segmentsResidential, Commercial, Industrial, Infrastructure
Business modelManufacturing, Aftermarket services, Digital solutions, Energy management as a service
SuppliersRaw material suppliers (steel, copper, aluminum), Electronic component manufacturers, Software developers
CustomersMechanical contractors, Wholesale distributors, Direct commercial clients, Retail consumers
Listed2020
Employees53.0K
CEODavid L. Gitlin
IndustryConstruction
FilingsSEC EDGAR

Questions, answered.

What is Carrier Global's market cap?
Carrier Global (CARR) has a market capitalization of $63.1B and trades on NYSE.
What is Carrier Global's revenue and profitability?
Carrier Global generated $21.9B in trailing twelve-month revenue with net income of $1.3B, representing a net margin of 6.0%. Gross margin stands at 26.6%, with free cash flow of $1.7B. These figures are based on the Q1 2026 filing.
Who are Carrier Global's competitors?
Carrier Global's key competitors include Trane Technologies plc, Lennox International Inc., Johnson Controls International plc, and others. These companies compete in similar markets and product categories.
Who does Carrier Global partner with?
Carrier Global's notable partners include RTX Corporation, Otis Worldwide Corporation.
What subsidiaries does Carrier Global have?
Carrier Global's subsidiaries include Viessmann Climate Solutions, Automated Logic Corporation, Carrier Transicold.
Where is Carrier Global headquartered?
Carrier Global is headquartered in United States of America and employs approximately 53,000 people. It has been publicly traded since 2020.