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Carrier Global CARR CSE — Total Net Sales

Other segment segments

CSA
$10.47B—
CSAME
$3.34B—
Climate Solutions Americas
$2.5B-2.8%
Climate Solutions Europe
$1.29B+10.6%
Climate Solutions Asia Pacific, Middle East & Africa
$834M+1.0%
Climate Solutions Transportation
$713M—

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NWLHome and Commercial Solutions — Net Sales
$780M-3.9%

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

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Gross margin26.6%-0.6pp
Operating margin8.2%-4.7pp
Net margin6%-19.8pp
FCF margin7.7%—

Returns & leverage

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Carrier Global’s 10-K, filed February 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carrier Global's CSE — total net sales?
Carrier Global (CARR) reported CSE — total net sales of $1.26B in Q4 2025.
How has Carrier Global's CSE — total net sales changed year-over-year?
Carrier Global's CSE — total net sales increased by 1.2% year-over-year, from $1.25B to $1.26B.
What is the long-term trend for Carrier Global's CSE — total net sales?
Over 2 years (2023 to 2025), Carrier Global's CSE — total net sales has grown at a 61.4% compound annual growth rate (CAGR), from $1.94B to $5.04B.
What does CSE — total net sales mean?
Measures the total revenue generated by the Climate Solutions Europe segment after deducting returns, allowances, and discounts. It serves as the primary indicator of market demand and commercial success for the segment's HVAC and climate control products.