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Carrier Global CARR Q3 2025 earnings

Reported October 28, 2025 · Before market open

Revenue$5.6BMiss by $73.3M
EPS$0.67Beat by $0.04
Revenue estimate$5.7B
EPS estimate$0.63

Next report

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

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

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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

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Operating cash flow$341.0M—
CapEx$117.0M+34.5%
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×-7.7×
P/S2.3×-1.1×

Profitability

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Operating margin12.9%+1.8pp
Net margin18.1%+1.7pp

Returns & leverage

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Return on equity26.7%-3.5pp
Debt / equity0.8×-0.2×
Current ratio1.1×+0.1×

Segments

By segment

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

By geography

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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%

FAQ

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 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 eps declined 19.3% from $0.83.
Where can I find Carrier Global's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001783180-25-000063) and the 10-Q periodic report (0001783180-25-000066) directly on SEC EDGAR. The filing index links above go to sec.gov.