Total Cost of Revenue
Carrier Global Total Cost of Revenue remained flat by 0.0% to $4.13B in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 19.7%, from $3.45B to $4.13B. Over 2 years (FY 2022 to FY 2024), Total Cost of Revenue shows an upward trend with a 12.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue may indicate rising component costs or manufacturing inefficiencies, whereas a decrease suggests better economies of scale.
Detailed definition
The direct costs attributable to the production of the goods sold and the delivery of services. This typically encompass...
Peer comparison
In the consumer electronics industry, this is often compared against revenue to determine the efficiency of the supply chain.
is_total_cost_of_revenueHistorical Data
| FY'22 | FY'23 | FY'24 | |
|---|---|---|---|
| Value | $12.99B | $13.79B | $16.51B |
| YoY Change | — | +6.1% | +19.7% |
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Service | $515.00M | $511.00M | $420.00M | $415.00M | $477.00M | $474.00M | $525.00M | $506.00M |
| Total | $4.13B | $4.13B | $4.13B | — | — | — | — | — |
Business Segments — Climate Solutions Americas
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 |
|---|---|---|---|---|
| Climate Solutions Americas | $1.70B | $2.06B | $1.84B | $1.77B |
| Climate Solutions Europe | $788.00M | $883.00M | $888.00M | $904.00M |
| Climate Solutions Asia Pacific, Middle East & Africa | $609.00M | $654.00M | $630.00M | $640.00M |
| Total | — | — | — | — |
CSA, CSAME, CSE are derived from annual filings.
Business Segments — HVAC
| Segment | FY'22 | FY'23 |
|---|---|---|
| HVAC | $10.15B | $10.99B |
| Refrigeration | $2.93B | $2.89B |
| Total | $12.99B | $13.79B |
All segment values are derived from annual filings.
HVAC, Refrigeration were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Total Cost of Revenue at Other Companies
Frequently Asked Questions
- What is Carrier Global's total cost of revenue?
- Carrier Global (CARR) reported total cost of revenue of $4.13B in Q4 2024.
- How has Carrier Global's total cost of revenue changed year-over-year?
- Carrier Global's total cost of revenue increased by 19.7% year-over-year, from $3.45B to $4.13B.
- What is the long-term trend for Carrier Global's total cost of revenue?
- Over 2 years (2022 to 2024), Carrier Global's total cost of revenue has grown at a 12.7% compound annual growth rate (CAGR), from $12.99B to $16.51B.
- What does total cost of revenue mean?
- The direct cost of making the products or providing the services that a company sells.