What is Carrier Global's deferred taxes?

Carrier Global (CARR) reported deferred taxes of -$179M in Q1 2026.

How has Carrier Global's deferred taxes changed year-over-year?

Carrier Global's deferred taxes decreased by 159.4% year-over-year, from -$69M to -$179M.

What is the long-term trend for Carrier Global's deferred taxes?

Over 4 years (2021 to 2025), Carrier Global's deferred taxes has grown at a 52.6% compound annual growth rate (CAGR), from -$74M to -$401M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Carrier Global CARR Deferred Taxes

Deferred Taxes at other companies

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$2.6M+620%

EMCOR GroupEME

-$6.95M-350%

AaonAAON

$4.59M-23.3%

Johnson Controls InternationalJCI

$21M+139%

Comfort Systems USAFIX

$956K-53.0%

Lennox InternationalLII

$3.3M+400%

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-2.1%

Enterprise value$72.4B0.0%

P/E46.5×+31.0×

P/S2.8×0.0×

Profitability

See full

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:DeferredIncomeTaxExpenseBenefit.

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 deferred taxes?: Carrier Global (CARR) reported deferred taxes of -$179M in Q1 2026.
How has Carrier Global's deferred taxes changed year-over-year?: Carrier Global's deferred taxes decreased by 159.4% year-over-year, from -$69M to -$179M.
What is the long-term trend for Carrier Global's deferred taxes?: Over 4 years (2021 to 2025), Carrier Global's deferred taxes has grown at a 52.6% compound annual growth rate (CAGR), from -$74M to -$401M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.