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Carrier Global Income Statement

Revenue, expenses, and profitability over time

Carrier Global generated $21.9B in trailing twelve-month revenue, down 0.0% year-over-year. Net income was $1.3B with a 5.99% net margin. Gross margin stands at 26.6% and operating margin at 8.24%. Diluted EPS is $1.53, which declined 0.6% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$21.9BGross Profit (TTM)$6.0BOperating Income (TTM)$1.8BNet Income (TTM)$1.3BEps Diluted (TTM)$1.53
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$57.9B
P/E Ratio44.22
ROE9.36%

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from discontinued operations$2.6B$0-$17M$21M$25M-$1M
Net income$2.6B$412M$591M$428M$53M$238M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.05$0.47$0.69$0.50$0.07$0.29
Diluted earnings per share$-0.05$0.47$0.68$0.50$0.07$0.28
Continuing operations (in dollars per share)$-0.05$0.47$0.71$0.48$0.04$0.29
Continuing operations (in dollars per share)$-0.05$0.47$0.70$0.47$0.05$0.28
Discontinued operations (in dollars per share)$2.85$0.00$-0.02$0.03$0.02$0.00
Weighted-average shares, basic898.2M866.9M854.9M848.8M852.4M835M
Weighted-average shares, diluted911.7M878.3M866.3M858.6M862.4M842.8M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$44M$44M$78M$60M$47M$31M
Interest Income (Expense), Nonoperating-$81M-$82M-$91M-$97M-$94M-$90M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$1.5B—————
Operating income$774M$629M$903M$539M$101M$259M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$693M$548M$812M$433M$5M$170M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$723M$111M$162M-$1M—-$96M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income from discontinued operations attributable to basic common shareholders$2.6B$0-$17M$21M$25M-$1M
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component$0-$1M$0$9M$2M-$1M
Other income, net$351M$22M$30M-$16M$0-$12M
Revenue From Contract With Customer Excluding Assessed Tax$5.1B$5.2B$6.1B$5.6B$4.8B$5.3B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Research and development$162M$153M$161M$151M$160M$143M
Selling, general and administrative$803M$729M$813M$803M$747M$861M
Total operating expenses$4.8B$4.7B$5.3B$5.1B$4.8B$5.1B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$4.1B—————

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$5.1B$5.2B$6.1B$5.6B$4.8B$5.3B