What is Carrier Global's gross profit?

Carrier Global (CARR) reported gross profit of $1.5B in Q4 2024.

How has Carrier Global's gross profit changed year-over-year?

Carrier Global's gross profit increased by 15.9% year-over-year, from $1.29B to $1.5B.

What is the long-term trend for Carrier Global's gross profit?

Over 2 years (2022 to 2024), Carrier Global's gross profit has grown at a 18.0% compound annual growth rate (CAGR), from $4.3B to $5.98B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Carrier Global CARR Gross Profit

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Other financials

Income statement

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Revenue$5.3B+2.4%

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$56.32B-12.0%

Enterprise value$67.79B-8.6%

P/E43×+27.0×

P/S2.6×-0.3×

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

Calculated from Carrier Global’s reported figures.

$5.1Btotal revenue−$4.1Btotal cost of revenue=$1.5B

The official record: Carrier Global’s 10-K, filed February 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carrier Global's gross profit?: Carrier Global (CARR) reported gross profit of $1.5B in Q4 2024.
How has Carrier Global's gross profit changed year-over-year?: Carrier Global's gross profit increased by 15.9% year-over-year, from $1.29B to $1.5B.
What is the long-term trend for Carrier Global's gross profit?: Over 2 years (2022 to 2024), Carrier Global's gross profit has grown at a 18.0% compound annual growth rate (CAGR), from $4.3B to $5.98B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.