What is Carrier Global's contract assets?

Carrier Global (CARR) reported contract assets of $527M in Q1 2026.

How has Carrier Global's contract assets changed year-over-year?

Carrier Global's contract assets increased by 16.6% year-over-year, from $452M to $527M.

What is the long-term trend for Carrier Global's contract assets?

Over 5 years (2020 to 2025), Carrier Global's contract assets has grown at a -5.3% compound annual growth rate (CAGR), from $656M to $499M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Carrier Global CARR Contract Assets

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$78.9M+110%

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$377.33M+14.6%

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$298.37M+58.2%

Comfort Systems USAFIX

$128.01M-43.8%

AmerescoAMRC

$781.99M+39.9%

APi GroupAPG

$538M+10.9%

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$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:ContractWithCustomerAssetNetCurrent.

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 contract assets?: Carrier Global (CARR) reported contract assets of $527M in Q1 2026.
How has Carrier Global's contract assets changed year-over-year?: Carrier Global's contract assets increased by 16.6% year-over-year, from $452M to $527M.
What is the long-term trend for Carrier Global's contract assets?: Over 5 years (2020 to 2025), Carrier Global's contract assets has grown at a -5.3% compound annual growth rate (CAGR), from $656M to $499M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.