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Carrier Global CARR CSA — Goodwill

Other segment segments

CSE
$7.81B
Climate Solutions Europe
$7.59B-4.7%
Climate Solutions Americas
$5.07B+0.2%
Climate Solutions Asia Pacific, Middle East & Africa
$1.41B-2.0%
CSAME
$1.41B
Climate Solutions Transportation
$1.2B

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Other financials

Income statement

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Revenue$6.4B+3.9%
Gross profit$1.5B-28.0%
Operating income$825.0M-8.6%
Net income$501.0M-15.2%
EPS (diluted)$0.60-11.8%

Balance sheet

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Cash & equivalents$1.3B-25.2%
Total debt$12.6B+5.0%
Total equity$13.5B-10.3%
Total assets$37.4B-2.9%

Cash flow

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Operating cash flow$927.0M+42.8%
CapEx$117.0M+44.4%
Free cash flow$810.0M+42.6%

Valuation

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Market cap$52.77B-6.1%
Enterprise value$64.01B-3.6%
P/E43.3×+29.2×
P/S2.4×-0.1×

Profitability

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Gross margin26.6%-12.4pp
Operating margin7.8%-5.9pp
Net margin5.5%-12.3pp
FCF margin8.7%

Returns & leverage

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Return on equity8.6%-18.9pp
Debt / equity0.9×+0.1×
Current ratio-0.1×

Where this comes from

Reported directly by Carrier Global in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Carrier Global’s 10-K, filed February 5, 2026.

Filed
Feb 5, 2026, 3:26 PM EST
Fiscal year
FY2025
Accession
0001783180-26-000008
(In millions)Climate Solutions AmericasClimate Solutions EuropeClimate Solutions Asia Pacific, Middle East & AfricaClimate Solutions TransportationTotal
Balance at December 31, 2023$4,543$703$1,237$1,037$7,520
Goodwill resulting from business combinations (1)5266,861235337,655
Foreign currency translation(10)(529)(92)57(574)
Balance at December 31, 2024$5,059$7,035$1,380$1,127$14,601
Goodwill resulting from business combinations (1)12364465
Reclassified to held for sale (2)(175)(175)
Foreign currency translation494524371,010
Balance as of December 31, 2025$5,075$7,808$1,410$1,208$15,501

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Carrier Global's CSA — goodwill?
Carrier Global (CARR) reported CSA — goodwill of $5.08B in Q4 2025.
What does CSA — goodwill mean?
Represents the total carrying value of goodwill allocated to the Climate Solutions Americas segment. This asset arises when the purchase price of an acquired business exceeds the fair value of its identifiable net assets, reflecting the segment's premium for brand reputation and customer relationships.

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