What is Carrier Global's deferred revenue?

Carrier Global (CARR) reported deferred revenue of $722M in Q1 2026.

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

Carrier Global's deferred revenue increased by 33.2% year-over-year, from $542M to $722M.

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

Over 5 years (2020 to 2025), Carrier Global's deferred revenue has grown at a 6.2% compound annual growth rate (CAGR), from $512M to $691M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Carrier Global CARR Deferred Revenue

Deferred Revenue at other companies

SPX TechnologiesSPXC

$115.1M+43.9%

EMCOR GroupEME

$2.42B+17.2%

AaonAAON

$55.23M+236%

Johnson Controls InternationalJCI

$2.85B+19.5%

Comfort Systems USAFIX

$2.35B+85.1%

AmerescoAMRC

$85.4M-6.4%

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$61.51B+4.5%

Enterprise value$72.99B+5.9%

P/E47×+36.7×

P/S2.8×+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:ContractWithCustomerLiabilityCurrent.

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 revenue?: Carrier Global (CARR) reported deferred revenue of $722M in Q1 2026.
How has Carrier Global's deferred revenue changed year-over-year?: Carrier Global's deferred revenue increased by 33.2% year-over-year, from $542M to $722M.
What is the long-term trend for Carrier Global's deferred revenue?: Over 5 years (2020 to 2025), Carrier Global's deferred revenue has grown at a 6.2% compound annual growth rate (CAGR), from $512M to $691M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.