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Carrier Global CARR CSE — Goodwill

Other segment segments

Climate Solutions Europe
$7.59B-4.7%
CSA
$5.08B
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 CSE — goodwill?
Carrier Global (CARR) reported CSE — goodwill of $7.81B in Q4 2025.
What does CSE — goodwill mean?
Represents the intangible asset value recorded when the acquisition cost of a business exceeds the fair value of its identifiable net assets. This reflects the premium paid for brand reputation, customer relationships, and synergies within the Climate Solutions Europe segment.

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