Goodwill
Carrier Global Goodwill decreased by 1.2% to $15.31B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.4%, from $14.96B to $15.31B. Over 5 years (FY 2020 to FY 2025), Goodwill shows an upward trend with a 8.9% CAGR.
Analysis
How to read this metric
High goodwill indicates a history of aggressive M&A; significant write-downs signal that acquired assets are underperforming expectations.
Detailed definition
Goodwill represents the premium paid over the fair market value of net identifiable assets during an acquisition. It ref...
Peer comparison
Common in industries with high M&A activity; peers are compared based on the ratio of goodwill to total equity.
goodwillHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.28B | $9.24B | $9.35B | $9.29B | $9.07B | $9.62B | $9.98B | $9.99B | $9.93B | $9.83B | $7.99B | $15.37B | $15.25B | $15.29B | $14.60B | $14.96B | $15.67B | $15.68B | $15.50B | $15.31B |
| QoQ Change | — | -10.1% | +1.2% | -0.7% | -2.4% | +6.1% | +3.7% | +0.1% | -0.6% | -1.0% | -18.7% | +92.3% | -0.8% | +0.3% | -4.5% | +2.5% | +4.8% | +0.1% | -1.1% | -1.2% |
| YoY Change | — | — | — | — | -11.8% | +4.2% | +6.7% | +7.5% | +9.5% | +2.1% | -19.9% | +53.9% | +53.6% | +55.7% | +82.8% | -2.6% | +2.8% | +2.5% | +6.2% | +2.4% |
Business Segments — CSE
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Climate Solutions Europe | $7.35B | $7.96B | $7.97B | — | $7.62B |
| Climate Solutions Americas | $5.06B | $5.06B | $5.07B | — | $5.08B |
| Climate Solutions Asia Pacific, Middle East & Africa | $1.41B | $1.44B | $1.43B | — | $1.41B |
| Climate Solutions Transportation | — | — | — | — | $1.20B |
| CSA | — | — | — | $5.08B | — |
| CSAME | — | — | — | $1.41B | — |
| CSE | — | — | — | $7.81B | — |
| Total | $14.96B | $15.67B | $15.68B | $15.50B | $15.31B |
Business Segments — HVAC
| Segment | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 |
|---|---|---|---|---|---|---|---|---|
| HVAC | $6.40B | $6.36B | $6.30B | $6.41B | $13.73B | $13.62B | $14.08B | $13.40B |
| Refrigeration | $1.20B | $1.19B | $1.18B | $1.12B | $1.10B | $1.10B | $1.14B | $1.13B |
| Fire & Security | $2.40B | $2.38B | $2.35B | $458.00M | $534.00M | $529.00M | — | — |
| Total | $9.99B | $9.93B | $9.83B | $7.99B | $15.37B | $15.25B | $15.29B | $14.60B |
Fire & Security, HVAC, Refrigeration were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Goodwill at Other Companies
Frequently Asked Questions
- What is Carrier Global's goodwill?
- Carrier Global (CARR) reported goodwill of $15.31B in Q1 2026.
- How has Carrier Global's goodwill changed year-over-year?
- Carrier Global's goodwill increased by 2.4% year-over-year, from $14.96B to $15.31B.
- What is the long-term trend for Carrier Global's goodwill?
- Over 5 years (2020 to 2025), Carrier Global's goodwill has grown at a 8.9% compound annual growth rate (CAGR), from $10.14B to $15.50B.
- What does goodwill mean?
- The premium paid for an acquisition above the value of its tangible and identifiable assets.