What is Carrier Global's change in AP?

Carrier Global (CARR) reported change in AP of $351M in Q1 2026.

How has Carrier Global's change in AP changed year-over-year?

Carrier Global's change in AP decreased by 27.0% year-over-year, from $481M to $351M.

What is the long-term trend for Carrier Global's change in AP?

Over 2 years (2021 to 2024), Carrier Global's change in AP has grown at a -67.6% compound annual growth rate (CAGR), from $829M to $87M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Carrier Global CARR Change in AP

Change in AP at other companies

SPX TechnologiesSPXC

-$29.7M-175%

EMCOR GroupEME

$47.34M+1,333%

AaonAAON

$50.38M+133%

Johnson Controls InternationalJCI

$238M+32.2%

Comfort Systems USAFIX

$4.88M+102%

Lennox InternationalLII

$31M-63.6%

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

See full

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$60.92B-6.5%

Enterprise value$72.4B-3.8%

P/E46.5×+30.2×

P/S2.8×-0.1×

Profitability

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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:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

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 change in AP?: Carrier Global (CARR) reported change in AP of $351M in Q1 2026.
How has Carrier Global's change in AP changed year-over-year?: Carrier Global's change in AP decreased by 27.0% year-over-year, from $481M to $351M.
What is the long-term trend for Carrier Global's change in AP?: Over 2 years (2021 to 2024), Carrier Global's change in AP has grown at a -67.6% compound annual growth rate (CAGR), from $829M to $87M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.