CARRCarrier Global

Industrials · HVAC Equipment · NYSE

Carrier Global Corporation ("we" or "our" or the "Company") is a global leader in intelligent climate and energy solutions, focused on providing differentiated, digitally enabled lifecycle solutions to our customers. 10-K, Item 1

Employees: 47,000
Headquarters: Palm Beach Gardens, FL
Next results: around Feb 4, 2027

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RevenueFY2018–25 $21.7B−3.3% FY2024: $22.5B 10-K FY2025 · XBRL Net incomeFY2018–25 $1.5B−73.5% FY2024: $5.6B 10-K FY2025 · XBRL Free cash flowFY2018–25 $2.1B+4720.5% FY2024: $44.0M 10-K FY2025 · XBRL Operating marginFY2018–25 10.0%−1.8 pts 19.2% in FY2018 10-K FY2025 · XBRL

What changed

latest 10-K

Area	What changed	Source
Risk factors	No new paragraphs, or fewer than two 10-Ks to compare	10-K Item 1A
Inventory growing faster than revenue	Inventory +8.0% vs revenue -3.3% (+11.3 pts)	10-K · XBRL
Critical audit matters changed	New this year: Annual Goodwill Impairment Assessment - Climate Solutions Europe Reporting Unit (“As described in Notes 3 and 6 to the consolidated financial statements, the Company’s goodwill balance was $15.5 billion as of December 31, 2025, and the goodwill associated with the Climate Solutions Europe reporting unit was $7.8 billion. Goodwill is tested and reviewed annually for impairment on ”). No longer listed: Acquisition of the VCS Business - Valuation of Intangible Assets Acquired	10-K · XBRL
Accounting checks	9 other checks clear, 2 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	4 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

No new paragraphs in Risk Factors, or fewer than two 10-Ks to compare.

Accounting checks

latest 10-K

9 of 11 clear 2 worth a look. Checks, not verdicts.

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Inventory growing faster than revenueInventory +8.0% vs revenue -3.3% (+11.3 pts)
!
Critical audit matters changedNew this year: Annual Goodwill Impairment Assessment - Climate Solutions Europe Reporting Unit (“As described in Notes 3 and 6 to the consolidated financial statements, the Company’s goodwill balance was $15.5 billion as of December 31, 2025, and the goodwill associated with the Climate Solutions Europe reporting unit was $7.8 billion. Goodwill is tested and reviewed annually for impairment on ”). No longer listed: Acquisition of the VCS Business - Valuation of Intangible Assets Acquired
✓
Receivables -0.5% vs revenue -3.3% (+2.8 pts)
✓
Cash from operations $2.5B vs net income $1.5B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 4, 20268-K Material agreement signed, New debt or obligation 8-K items 1.01, 2.03
Nov 2, 2026Offering Shelf registration: shares and other securities, amount not fixed S-3ASR · Under this process, we or a selling securityholder may offer and sell from time to time any combination of the securities described in this prospectus.
Oct 29, 20268-K Quarterly results 8-K item 2.02
Oct 29, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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