What is Carrier Global's acquisitions?

Carrier Global (CARR) reported acquisitions of $23M in Q1 2026.

How has Carrier Global's acquisitions changed year-over-year?

Carrier Global's acquisitions increased by 91.7% year-over-year, from $12M to $23M.

What is the long-term trend for Carrier Global's acquisitions?

Over 4 years (2021 to 2025), Carrier Global's acquisitions has grown at a -26.5% compound annual growth rate (CAGR), from $366M to $107M.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Carrier Global CARR Acquisitions

Acquisitions at other companies

SPX TechnologiesSPXC

$439.6M+44.6%

EMCOR GroupEME

$43.67M-94.9%

Comfort Systems USAFIX

$6.1M-91.1%

Lennox InternationalLII

$136.25M+30,378%

Trane TechnologiesTT

$668.2M+152%

AmerescoAMRC

$0-100%

Other financials

Income statement

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Revenue$5.3B+2.4%

Gross profit$1.5B+15.9%

Operating income$259.0M-58.8%

Net income$238.0M-42.2%

EPS (diluted)$0.28-40.4%

Balance sheet

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Cash & equivalents$1.4B-19.3%

Total debt$12.8B+9.6%

Total equity$13.8B-2.8%

Total assets$37.2B+2.0%

Cash flow

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Operating cash flow$79.0M-83.6%

CapEx$94.0M+49.2%

Free cash flow-$15.0M-104%

Valuation

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Market cap$63.12B+4.5%

Enterprise value$74.6B+5.9%

P/E48.2×+37.7×

P/S2.9×+0.2×

Profitability

See full

Gross margin26.6%-0.6pp

Operating margin8.2%-4.7pp

Net margin6%-19.8pp

FCF margin7.7%—

Returns & leverage

See full

Return on equity9.4%-34.7pp

Debt / equity0.9×+0.1×

Current ratio1.1×-0.2×

Where this comes from

Reported directly by Carrier Global in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Carrier Global’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carrier Global's acquisitions?: Carrier Global (CARR) reported acquisitions of $23M in Q1 2026.
How has Carrier Global's acquisitions changed year-over-year?: Carrier Global's acquisitions increased by 91.7% year-over-year, from $12M to $23M.
What is the long-term trend for Carrier Global's acquisitions?: Over 4 years (2021 to 2025), Carrier Global's acquisitions has grown at a -26.5% compound annual growth rate (CAGR), from $366M to $107M.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.