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Carrier Global CARR Q1 2025 earnings

Reported May 1, 2025 · Before market open

Revenue$5.2BBeat by $31.7M
EPS$0.65Beat by $0.07
Revenue estimate$5.2B
EPS estimate$0.58

Next report

Oct 27, 2026 (In 3 weeks)
Revenue estimate$6.0B
EPS estimate$0.77

Financials

Q1 2025

Income statement

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Revenue$5.2B-3.7%
Operating income$629.0M+63.4%
Net income$412.0M+42.6%
EPS (diluted)$0.47+62.1%

Balance sheet

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Cash & equivalents$1.7B+29.2%
Total debt$11.7B-37.1%
Total equity$14.2B+19.3%
Total assets$36.4B-10.7%

Cash flow

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Operating cash flow$483.0M+1,108%
CapEx$63.0M-39.4%
Free cash flow$420.0M+756%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$54.78B+4.8%
Enterprise value$64.8B-6.9%
P/E9.5×-29.5×
P/S2.5×0.0×

Profitability

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Operating margin13%+3.4pp
Net margin25.9%+19.7pp

Returns & leverage

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Return on equity44.3%+31.1pp
Debt / equity0.8×-0.7×
Current ratio1.2×-0.2×

Segments

By segment

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Climate Solutions Americas$2.6B—
Climate Solutions Europe$1.2B—
Climate Solutions Asia Pacific, Middle East & Africa$826.0M—

By geography

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Europe$1.4B-28.9%
Asia Pacific$941.0M-9.5%
Other$138.0M-32.4%

By product

See full
Service$566.0M-11.6%

FAQ

When did Carrier Global report Q1 2025 earnings?
Carrier Global (CARR) reported Q1 2025 earnings on May 1, 2025 before market open.
What were Carrier Global's Q1 2025 revenue and EPS?
Carrier Global reported revenue of $5.2B and eps of $0.65 for Q1 2025.
Did Carrier Global beat estimates in Q1 2025?
Revenue beat the consensus estimate of $5.2B by $31.7M. EPS beat the consensus estimate of $0.58 by $0.07.
How did Carrier Global's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 15.6% from $6.2B a year earlier and eps grew 4.8% from $0.62.
Where can I find Carrier Global's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001783180-25-000028) and the 10-Q periodic report (0001783180-25-000030) directly on SEC EDGAR. The filing index links above go to sec.gov.