Carrier Global Corporation (CARR) — Financial statements
Income statement, balance sheet, and cash flow for Carrier Global Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 21,747↓3.3% | 22,486↑18.7% | 18,951↑9.6% | 17,288↓16.1% | 20,613 | |
| Cost of Revenue | 16,113↓2.1% | 16,463↑19.5% | 13,776↑6.1% | 12,985↓11.1% | 14,605 | |
| Gross Profit | 5,634↓6.5% | 6,023↑16.4% | 5,175↑20.3% | 4,303↓28.4% | 6,008 | |
| Operating Expenses | ||||||
| R&D Expenses | 625↓8.9% | 686↑39.1% | 493↑18.5% | 416↓17.3% | 503 | |
| General & Administrative Expenses | 0.00↓100.0% | 3,197 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 3,079↓3.7% | 3,197↑29.6% | 2,466↑27.2% | 1,938↓34.9% | 2,979 | |
| Other Expenses | -220↑56.5% | -506↓1003.6% | 56↑102.8% | -2,035↓1610.1% | -119 | |
| Operating Expenses | 3,484↑3.2% | 3,377↑12.0% | 3,015↑845.1% | 319↓90.5% | 3,363 | |
| Total Costs & Expenses | 19,597↓1.2% | 19,840↑18.2% | 16,791↑26.2% | 13,304↓26.0% | 17,968 | |
| Operating Results | ||||||
| Operating Income | 2,150↓18.7% | 2,646↑22.5% | 2,160↓45.8% | 3,984↑50.6% | 2,645 | |
| Depreciation & Amortization | 945↓23.3% | 1,232↑150.9% | 491↑49.7% | 328↓3.0% | 338 | |
| EBITDA | 2,785↓21.8% | 3,562↑32.0% | 2,698↑18.1% | 2,285↓21.4% | 2,906 | |
| EBIT | 1,840↓21.0% | 2,330↑5.6% | 2,207↑12.8% | 1,957↓23.8% | 2,568 | |
| Interest & Other Income | ||||||
| Net Interest Income | -176↑52.6% | -371↓131.9% | -160↑26.9% | -219↑28.4% | -306 | |
| Interest Income | 169↓19.1% | 209↑43.2% | 146↑75.9% | 83↑538.5% | 13 | |
| Interest Expense | 345↓40.5% | 580↑89.5% | 306↑1.3% | 302↓5.3% | 319 | |
| Non-Operating Income | 310↓1.9% | 316↑772.3% | -47↓102.3% | 2,027↑2532.5% | 77 | |
| Other Income / Expenses | -352↑5.4% | -372↓131.1% | -161↑0.0% | -161↑34.3% | -245 | |
| Income Before Tax | 1,798↓20.9% | 2,274↑13.8% | 1,999↓47.7% | 3,823↑59.3% | 2,400 | |
| Income Tax Expense | 306↓71.2% | 1,062↑103.8% | 521↓15.4% | 616↓11.9% | 699 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,492↑23.1% | 1,212↓18.0% | 1,478↓53.9% | 3,207↑88.5% | 1,701 | |
| Net Income from Discontinued Operations | 4↓99.9% | 4,496↑11931.6% | -38↓110.1% | 377 | 0.00 | |
| Net Income | 1,493↓73.4% | 5,604↑315.4% | 1,349↓61.8% | 3,534↑112.4% | 1,664 | |
| Bottom-Line Net Income | 1,484↓73.5% | 5,604↑315.4% | 1,349↓61.8% | 3,534↑112.4% | 1,664 | |
| EPS (Basic) | 1.74↓72.1% | 6.24↑287.6% | 1.61↓61.6% | 4.19↑118.2% | 1.92 | |
| EPS (Diluted) | 1.70↓72.4% | 6.15↑277.3% | 1.63↓60.2% | 4.10↑119.3% | 1.87 | |
| Weighted Average Shares | 839↓6.6% | 898↑7.3% | 837↓0.7% | 843↓2.8% | 868 | |
| Weighted Average Diluted Shares | 847↓7.1% | 912↑6.9% | 853↓1.0% | 861↓3.3% | 890 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.