Carrier Global (CARR): financials, SEC filings and peers

Carrier Global (CARR) is a building products company in the Industrials sector of the S&P 500, headquartered in Palm Beach Gardens, Florida.

It was founded in 2020 and joined the S&P 500 on April 3, 2020.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip”.

Carrier Global at a glance

Revenue (12 months): $21.9B
Revenue growth: -1.9%
Operating margin: 8.2%
Net income (12 months): $1.3B
Free cash flow (12 months): $1.7B
Cash: $1.4B
Debt: $12.1B
Diluted EPS (12 months): $1.53

Twelve months to March 31, 2026, from the 10-Q filed April 30, 2026.

Latest twelve months

Over the twelve months to March 31, 2026, Carrier Global reported revenue of $21.9 billion, about the same as a year earlier (-1.9%).

Its operating margin was 8.2%, down 4.7 percentage points from a year earlier: for every $100 of sales, about $8 was left as operating profit.

Net income was $1.3 billion (6.0% of revenue), 77.2% lower than a year earlier.

Operating cash flow was $2.1 billion and capital spending $423 million, leaving free cash flow of $1.7 billion (7.7% of revenue).

At the end of the period it held $1.4 billion in cash and $12.1 billion in debt, a net debt position of $10.8 billion.

The diluted share count fell 4.0% in a year, typically the result of buybacks.

Five-year trend

Revenue went from $17.5 billion in fiscal 2020 to $21.7 billion in fiscal 2025, about 4.5% a year.
Operating margin narrowed from 17.7% to 10.0% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$20.6B	$17.3B	$19.0B	$22.5B	$21.7B
Revenue growth	18.1%	-16.1%	9.6%	18.7%	-3.3%
Operating margin	12.8%	23.0%	11.4%	11.8%	10.0%
Net income	$1.7B	$3.5B	$1.3B	$5.6B	$1.5B
Free cash flow	$1.9B	$1.4B	$2.2B	$44M	$2.1B
Diluted EPS	$1.87	$4.10	$1.58	$6.15	$1.72

Fiscal years as reported in Carrier Global’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed July 28, 2026 — quarterly report
8-K filed July 28, 2026 — Earnings results
8-K filed July 24, 2026 — Executive or director change
10-Q filed April 30, 2026 — quarterly report
8-K filed April 30, 2026 — Earnings results
8-K filed April 16, 2026 — Shareholder vote results
10-K filed February 5, 2026 — annual report
8-K filed February 5, 2026 — Earnings results

All Carrier Global filings on SEC EDGAR

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Questions about Carrier Global

Is Carrier Global's revenue growing?

No. Revenue for the twelve months to March 31, 2026 was $21.9 billion, down 1.9% from a year earlier, according to its SEC filings.

Is Carrier Global profitable?

Yes. It earned $1.3 billion in net income over the twelve months to March 31, 2026, a net margin of 6.0%.

Does Carrier Global have more cash or more debt?

At March 31, 2026 it had $1.4 billion in cash and $12.1 billion in debt, so more debt than cash.

When did Carrier Global last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on July 28, 2026.

Which companies are similar to Carrier Global?

In the S&P 500, Carrier Global is grouped in Building Products within the Industrials sector. Allegion (ALLE), A. O. Smith (AOS), Johnson Controls (JCI), Lennox International (LII), Masco (MAS) are in the same group.

Understand the numbers

Source: Carrier Global’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.