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Carrier Global CARR Q4 2025 Annual earnings

Reported February 5, 2026 · Before market open

Revenue$4.8BMiss by $214.7MDiluted EPS$0.34Miss by $0.03
Revenue estimate$5.1B
EPS estimate$0.37

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$4.8B-6.0%
Operating income$101.0M-87.0%
Net income$53.0M-97.9%
EPS (diluted)$0.07+240%

Balance sheet

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Cash & equivalents$1.6B-60.8%
Total debt$12.1B-13.9%
Total equity$14.1B-1.9%
Total assets$37.2B-0.6%

Cash flow

See full
Operating cash flow$1.0B+688%
CapEx$131.0M-39.6%
Free cash flow$909.0M—

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$44.5B-27.3%
Enterprise value$55.09B-22.8%
P/E30×+19.1×
P/S2×-0.7×

Profitability

See full
Operating margin10%-1.8pp
Net margin6.8%-18.1pp
FCF margin9.8%—

Returns & leverage

See full
Return on equity10.4%-37.5pp
Debt / equity0.9×-0.1×
Current ratio1.2×-0.1×

Segments

By segment

See full
CSA$2.6B—
CSE$1.3B—
CSAME$834.8M—

By geography

See full
Europe$1.6B+5.0%
Asia Pacific$958.0M+2.9%
Other$159.0M-4.2%

By product

See full
Service$699.0M+13.1%

Versus estimates

Revenue

Q1 2026$5.3BBeat by $326.2M
Q4 2025$4.8BMiss by $214.7M
Q3 2025$5.6BMiss by $73.3MQ2 2025$6.1BBeat by $4.3MQ1 2025$5.2BBeat by $31.7MQ4 2024$5.1BMiss by $157.8M

Diluted EPS

Q1 2026$0.57Beat by $0.06
Q4 2025$0.34Miss by $0.03
Q3 2025$0.67Beat by $0.04Q2 2025$0.92Beat by $0.01Q1 2025$0.65Beat by $0.07Q4 2024$0.54Beat by $0.04

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Questions, answered.

When did Carrier Global report Q4 2025 earnings?
Carrier Global (CARR) reported Q4 2025 earnings on February 5, 2026 before market open.
What were Carrier Global's Q4 2025 revenue and EPS?
Carrier Global reported revenue of $4.8B and diluted EPS of $0.34 for Q4 2025.
Did Carrier Global beat estimates in Q4 2025?
Revenue missed the consensus estimate of $5.1B by $214.7M. EPS missed the consensus estimate of $0.37 by $0.03.
How did Carrier Global's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 6.0% from $5.1B a year earlier and diluted EPS declined 37.0% from $0.54.
Where can I find Carrier Global's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001783180-26-000005) and the 10-K periodic report (0001783180-26-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.