Skip to content

Carrier Global CARR Q3 2025 earnings

Reported October 28, 2025 · Before market open

Revenue estimate$5.7B
EPS estimate$0.63

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$5.6B-6.8%
Operating income$539.0M-29.4%
Net income$428.0M-4.3%
EPS (diluted)$0.50+2.0%

Balance sheet

See full
Cash & equivalents$1.4B-36.3%
Total debt$12.0B-20.0%
Total equity$14.8B-1.3%
Total assets$38.1B-5.3%

Cash flow

See full
Operating cash flow$341.0M
CapEx$117.0M+27.2%
Free cash flow$224.0M

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$50.81B-30.1%
Enterprise value$61.35B-28.1%
P/E12.8×-8.2×
P/S2.3×-1.1×

Profitability

See full
Operating margin12.9%+1.8pp
Net margin18.1%+2.0pp

Returns & leverage

See full
Return on equity26.7%-2.8pp
Debt / equity0.8×-0.2×
Current ratio1.1×+0.1×

Segments

By segment

See full
Climate Solutions Americas$2.7B
Climate Solutions Europe$1.3B
Climate Solutions Asia Pacific, Middle East & Africa$833.0M

By geography

See full
Europe$1.6B-9.5%
Asia Pacific$961.0M+4.1%
Other$198.0M+7.6%

By product

See full
Service$673.0M-0.6%

Versus estimates

Ask the moment Carrier Global reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Carrier Global report Q3 2025 earnings?
Carrier Global (CARR) reported Q3 2025 earnings on October 28, 2025 before market open.
What were Carrier Global's Q3 2025 revenue and EPS?
Carrier Global reported revenue of $5.6B and diluted EPS of $0.67 for Q3 2025.
Did Carrier Global beat estimates in Q3 2025?
Revenue missed the consensus estimate of $5.7B by $73.3M. EPS beat the consensus estimate of $0.63 by $0.04.
How did Carrier Global's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 6.8% from $6.0B a year earlier and diluted EPS declined 19.3% from $0.83.
Where can I find Carrier Global's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001783180-25-000066) directly on SEC EDGAR. The filing index links above go to sec.gov.