What is Carrier Global's operating income?

Carrier Global (CARR) reported operating income of $259M in Q1 2026.

How has Carrier Global's operating income changed year-over-year?

Carrier Global's operating income decreased by 58.8% year-over-year, from $629M to $259M.

What is the long-term trend for Carrier Global's operating income?

Over 4 years (2021 to 2025), Carrier Global's operating income has grown at a -4.8% compound annual growth rate (CAGR), from $2.65B to $2.17B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Carrier Global CARR Operating Income

Operating Income at other companies

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$403.85M+26.7%

AaonAAON

$57.06M+62.5%

Comfort Systems USAFIX

$485.72M+132%

Lennox InternationalLII

$163.5M-2.7%

Trane TechnologiesTT

$776.1M-5.2%

Segments

By segment

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CSA$2.15B—

CSAME$448M—

CSE$444M—

Climate Solutions Americas$373M-34.6%

Climate Solutions Transportation$101M—

Climate Solutions Europe$89M-15.2%

Other financials

Income statement

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Revenue$5.3B+2.4%

Gross profit$1.5B+15.9%

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$63.12B+4.5%

Enterprise value$74.6B+5.9%

P/E48.2×+37.7×

P/S2.9×+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:OperatingIncomeLoss.

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 operating income?: Carrier Global (CARR) reported operating income of $259M in Q1 2026.
How has Carrier Global's operating income changed year-over-year?: Carrier Global's operating income decreased by 58.8% year-over-year, from $629M to $259M.
What is the long-term trend for Carrier Global's operating income?: Over 4 years (2021 to 2025), Carrier Global's operating income has grown at a -4.8% compound annual growth rate (CAGR), from $2.65B to $2.17B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.