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Carrier Global CARR CSE — Total Net Sales

Other segment segments

CSA
$10.47B
Climate Solutions Americas
$3.37B+3.7%
CSAME
$3.34B
Climate Solutions Europe
$1.32B+5.7%
Climate Solutions Asia Pacific, Middle East & Africa
$917M+4.0%
Climate Solutions Transportation
$738M+1.7%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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)202520242023
Climate Solutions Americas sales10,47010,5279,615
Product4,5724,6521,722
Service472332215
Climate Solutions Europe sales5,0444,9841,937
Product2,6062,8493,053
Service733651528
Climate Solutions Asia Pacific, Middle East & Africa sales3,3393,5003,581
Product2,6683,0613,352

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

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.

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