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Screener / SEC EDGAR /CIK 0001783180 /Numbers from the XBRL of the 10-Ks
Industrials peers:
LHXJCIPHADPTTCARR
NYSE Industrials · HVAC Equipment

Carrier Global CARR

CARR quote by TradingView

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
Compare with peers Embed

Where each dollar of revenue went, FY2024

Revenue of $22.5B through the costs to a net profit of $5.6B · income statement of the 10-K

12% operating margin
Revenue to Gross profit: $6.0BRevenue to Cost of revenue: $16.5BGross profit to Operating profit: $2.6BGross profit to Operating expenses: $3.3BOperating profit to Net profit: $1.6BOperating profit to Tax: $1.1BOther income to Net profit: $4.0BOperating expenses to R&D: $686.0MOperating expenses to Sales, admin & other: $2.6B Revenue: $22.5B REVENUE $22.5B +19% Y/Y Gross profit: $6.0B · 27% margin GROSS PROFIT $6.0B 27% margin Cost of revenue: $16.5B · 73% of revenue COST OF REVENUE $16.5B 73% of revenue Operating profit: $2.6B · 12% margin OPERATING PROFIT $2.6B 12% margin · +23% Y/Y Other income: $4.0B · 18% of revenue OTHER INCOME $4.0B 18% of revenue Operating expenses: $3.3B · 15% of revenue OPERATING EXPENSES $3.3B 15% of revenue Net profit: $5.6B · 25% margin NET PROFIT $5.6B 25% margin · +315% Y/Y Tax: $1.1B · 5% of revenue TAX $1.1B 5% of revenue R&D: $686.0M · 3% of revenue R&D $686.0M 3% of revenue Sales, admin & other: $2.6B · 12% of revenue SALES, ADMIN & OTHER $2.6B 12% of revenue
Gross profit $6.0B 27% margin
Operating profit $2.6B 12% margin · +23% Y/Y
Net profit $5.6B 25% margin · +315% Y/Y
The full income statement, year by year

CARR among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: -3.3%, above 6% of 81 peers (their median 4.9%) REVENUE GROWTH -3.3% · above 6% Operating margin: -4.8%, above 0% of 71 peers (their median 17.5%) OPERATING MARGIN -4.8% · above 0% Net margin: -7.9%, above 0% of 81 peers (their median 13.0%) NET MARGIN -7.9% · above 0% FCF margin: 10.4%, above 32% of 78 peers (their median 13.3%) FCF MARGIN 10.4% · above 32% Return on capital: 8.6%, above 26% of 65 peers (their median 14.2%) RETURN ON CAPITAL 8.6% · above 26%
CARR Peer median Below the median

What changed

2 accounting facts worth reading about.

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.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Inventory growing faster than revenue
    Inventory +8.0% vs revenue -3.3% (+11.3 pts)
  • 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
  • Receivables -0.5% vs revenue -3.3% (+2.8 pts)
8 more checks with nothing to note
  • Cash from operations $2.5B vs net income $1.5B (FY ending Dec 31, 2025)
  • 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

In their words

No new paragraphs in Risk Factors

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

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$17.3B$19.0B$22.5B$21.7B
Net income$3.5B$1.3B$5.6B$1.5B
Operating cash flow$1.7B$2.6B$563.0M$2.5B
Free cash flow$1.4B$2.2B$44.0M$2.1B

Revenue, FY2018 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$21.7B ▼ 3.3% in FY2025

FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

4 filings in the last 30 days · SEC EDGAR

All filings

About the company

Carrier Global, Palm Beach Gardens, FL · from the 10-K filed Feb 5, 2026

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. Our portfolio includes industry-leading brands such as Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold, among others, that offer innovative heating, cooling and cold chain solutions to enhance the lives we live and the world we share. We also provide a broad array of related building services, including audit, design, installation, system integration, repair, maintenance and monitoring.

Headquarters
Palm Beach Gardens, FL
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we had approximately 47,000 employees worldwide, of which 34% are located in the Americas, 36% are located in Europe and 30% are located in Asia Pacific, Middle East & Africa" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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