Stocks Industrials CARR
NYSE · IndustrialsCARRIER GLOBAL Corp (CARR)
CARRIER GLOBAL Corp brought in $21.9B of revenue over the twelve months to March 31, 2026, down 1.9% from a year earlier. Net income was $1.3B, a net margin of 6.0%. Operating cash flow minus capital spending left $2.1B of free cash flow in fiscal 2025. At March 31, 2026 it held $1.4B in cash against $11.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 28, 2026.
Key facts about CARRIER GLOBAL Corp
- Net worth
- CARRIER GLOBAL Corp has a market value (market cap) of $45.9B at the latest share price, and shareholders' equity of $13.8B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $21.7B (-3.3% year on year), with net income of $1.5B. Over the 12 months to March 31, 2026: revenue $21.9B, net income $1.3B.
- Cash flow
- In fiscal 2025 operations brought in $2.5B of cash; after $392M of capital spending, free cash flow was $2.1B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 28, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- CARRIER GLOBAL Corp's next report is expected around October 27, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- CARRIER GLOBAL Corp declared dividends of $0.68 per share in fiscal 2025, a yield of 1.21% at the current price.
What CARRIER GLOBAL Corp does
Carrier Global manufactures and distributes heating, ventilating, air conditioning, and refrigeration systems. The company sells climate control equipment, heat pumps, and transport refrigeration solutions to residential builders, commercial property owners, and industrial customers worldwide. Its shares trade on NYSE under the ticker CARR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $21.7B | $1.5B | $1.72 | $2.1B |
| 2024 | $22.5B | $5.6B | $6.15 | $44M |
| 2023 | $19B | $1.3B | $1.58 | $2.2B |
| 2022 | $17.3B | $3.5B | $4.10 | $1.4B |
| 2021 | $20.6B | $1.7B | $1.87 | $1.9B |
| 2020 | $17.5B | $2B | $2.25 | $1.4B |
Full financial statements: income, balance sheet and cash flow
Where CARR ranks in Industrials
Dividends
CARRIER GLOBAL Corp declared $0.68 per share in fiscal 2025. At the current price that is a yield of 1.21%. It paid out $772M in cash dividends, 52% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.68 | $772M | 52% |
| 2024 | $0.80 | $670M | 12% |
| 2023 | $0.75 | $620M | 46% |
| 2022 | $0.64 | $509M | 14% |
| 2021 | $0.51 | $417M | 25% |
| 2020 | $0.28 | $138M | 7% |
Latest SEC filings
What CARRIER GLOBAL Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- July 28, 2026
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026
- July 28, 2026Form IRANNOTICE filing IRANNOTICE
- July 28, 2026
- July 27, 2026Passive stake changed SCHEDULE 13G/A
- July 24, 2026
- May 29, 2026
- May 20, 2026Activist stake changed SCHEDULE 13D/A
- April 30, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 2.4% to $5.3B versus the same quarter last year; diluted EPS $0.28 versus $0.47.
What is CARR worth? A DCF from its reported cash flow
Insider trades
What the people running CARRIER GLOBAL Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 2 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Yildiz BerilVP, Controller & CAO | Exercised options | 1,065 | - |
| October 1, 2026 | Yildiz BerilVP, Controller & CAO | Shares withheld for tax | 260 | $14.4K |
| July 1, 2026 | Dryden Edward C.President, CST | Exercised options | 6,894 | - |
| July 1, 2026 | Dryden Edward C.President, CST | Shares withheld for tax | 2,147 | $154.7K |
| May 20, 2026 | Viessmann MaximilianDirector | Soldindirect | 12,094,823 | $750M |
| May 1, 2026 | Pandya GaurangPresident, CSA | Exercised options | 50,616 | - |
| May 1, 2026 | Pandya GaurangPresident, CSA | Shares withheld for tax | 21,546 | $1.5M |
| April 1, 2026 | Gierges Michael LotfyPresident, CSAME | Exercised options | 5,320 | - |
Who owns CARR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Capital Research Global Investors13G, passive | 12.8% | August 12, 2026 |
| Vanguard Capital Management13G, passive | 7.07% | April 29, 2026 |
| Viessmann Generations Group GmbH & Co. KG (previously known as Viessmann Group GmbH & Co. KG)13D, may seek influence with 5 related filers | 6.53% | November 13, 2024 |
| Viessmann Group GmbH & Co. KG13D, may seek influence with 4 related filers | 6.53% | March 22, 2024 |
| Capital World Investors13G, passive | 5.4% | November 13, 2024 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,644 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital Research Global Investors | 106,065,347 | -10,327,315 |
| BlackRock, Inc. | 67,176,195 | +9,297,537 |
| Vanguard Capital Management LLC | 51,284,274 | -59,428 |
| Vanguard Portfolio Management LLC | 36,565,910 | +54,218 |
| Jpmorgan Chase & Co | 34,487,524 | -469,166 |
| State Street Corp | 34,386,031 | +876,618 |
| Dodge & Cox | 27,475,603 | +853,330 |
| Capital World Investors | 19,334,704 | -381,062 |
| Geode Capital Management, LLC | 17,699,114 | +55,495 |
| Fisher Asset Management, LLC | 13,047,300 | +17,498 |
| Morgan Stanley | 10,957,072 | -1,304,143 |
| Ameriprise Financial Inc | 8,292,345 | +3,535,107 |
| Bank of New York Mellon Corp | 8,053,967 | +3,226,002 |
| Northern Trust Corp | 8,030,053 | -17,775 |
| Bank of America Corp | 7,810,609 | +1,217,927 |
| Norges Bank | 7,631,155 | new |
| Goldman Sachs Group Inc | 6,765,820 | -1,177,634 |
| Dimensional Fund Advisors LP | 6,480,398 | +189,087 |
| PineStone Asset Management Inc. | 6,333,408 | -239,502 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 6,011,257 | -495,507 |
Insiders
11 insiders reported holding 39,010,535 shares in total, about $2.17B at the last price.
| Holder | Shares |
|---|---|
| Viessmann MaximilianDirector | 37,979,28637,979,286 held indirectly |
| Gitlin David L.Chairman and CEO, Director | 589,549 |
| Goris Patrick P.EVP, Chief Finance/Strat Ofcr | 128,657 |
| Agrawal AjaySVP, Services & Chief BD Ofcr | 115,657 |
| Villeneuve NadiaSVP, Chief People/Comm Ofcr | 112,522 |
| Pandya GaurangPresident, CSA | 49,890 |
| Heim ThomasPresident, CSE | 13,847 |
| Dryden Edward C.President, CST | 9,358 |
| Campbell FrancescaSenior VP & CLO | 6,940 |
| Gierges Michael LotfyPresident, CSAME | 4,024 |
Questions about CARR
What does CARRIER GLOBAL Corp do?
Carrier Global manufactures and distributes heating, ventilating, air conditioning, and refrigeration systems. The company sells climate control equipment, heat pumps, and transport refrigeration solutions to residential builders, commercial property owners, and industrial customers worldwide. Its shares trade on NYSE under the ticker CARR.
What is CARRIER GLOBAL Corp's net worth?
CARRIER GLOBAL Corp has a market value (market cap) of $45.9B at the latest share price, and shareholders' equity of $13.8B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is CARRIER GLOBAL Corp profitable?
Yes. Over the twelve months to March 31, 2026 it reported net income of $1.3B on revenue of $21.9B, a net margin of 6.0%.
How much revenue does CARRIER GLOBAL Corp make?
Over the twelve months to March 31, 2026 CARRIER GLOBAL Corp reported revenue of $21.9B. That is 1.9% less than a year earlier.
When did CARRIER GLOBAL Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 28, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 2, 2026.
When is CARRIER GLOBAL Corp's next earnings report?
CARRIER GLOBAL Corp's next report is expected around October 27, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does CARRIER GLOBAL Corp pay a dividend?
Yes. CARRIER GLOBAL Corp declared dividends of $0.68 per share in fiscal 2025, a yield of 1.21% at the current price.
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Follow CARR: get an email when it filesWhere the numbers come from
Financial figures are the values CARRIER GLOBAL Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.