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Carrier Global CARR Expected return on plan assets

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Other financials

Income statement

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Revenue$6.4B+3.9%
Gross profit$1.5B-28.0%
Operating income$825.0M-8.6%
Net income$501.0M-15.2%
EPS (diluted)$0.60-11.8%

Balance sheet

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Cash & equivalents$1.3B-25.2%
Total debt$12.6B+5.0%
Total equity$13.5B-10.3%
Total assets$37.4B-2.9%

Cash flow

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Operating cash flow$927.0M+42.8%
CapEx$117.0M+44.4%
Free cash flow$810.0M+42.6%

Valuation

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Market cap$52.72B-6.3%
Enterprise value$63.96B-3.7%
P/E43.2×+29.2×
P/S2.4×-0.1×

Profitability

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Gross margin26.6%-12.4pp
Operating margin7.8%-5.9pp
Net margin5.5%-12.3pp
FCF margin8.7%

Returns & leverage

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Return on equity8.6%-18.9pp
Debt / equity0.9×+0.1×
Current ratio-0.1×

Where this comes from

Reported directly by Carrier Global in its filing.

Tagged under the XBRL concept carr:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationExpectedReturnOnPlanAssets.

The source filing: Carrier Global’s 10-K, filed February 5, 2026.

Filed
Feb 5, 2026, 3:26 PM EST
Fiscal year
FY2025
Accession
0001783180-26-000008
Line itemBenefit Obligation / 2025Benefit Obligation / 2024Net Costs / 2025Net Costs / 2024Net Costs / 2023
Discount rate
Projected benefit obligation4.5%4.3%4.3%4.3%4.2%
Interest cost (1)—%4.1%4.2%4.1%
Service cost (1)—%3.8%4.5%4.5%
Salary scale2.4%2.6%2.6%2.2%2.4%
Expected return on plan assets%5.2%6.3%5.7%

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Carrier Global's expected return on plan assets?
Carrier Global (CARR) reported expected return on plan assets of $0 in Q4 2025.
What does expected return on plan assets mean?
This represents the expected long-term rate of return on assets held in a pension plan trust. It is used to reduce the net periodic pension cost recognized in the income statement.

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