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DC Infra·CARR
Carrier Global Corporation
NYSE · US
HVAC, refrigeration, building automation, and fire-safety supplier with commercial cooling and controls products.
AI relevance
Chiller, HVAC, and building systems exposure to AI data center thermal demand.
Price
$73.91
Change
+3.15 (+4.46%)
Market cap
$61.4B
52w range
$50–$81
Exchange
NYSE
Country
US
Jason's Chips
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Price chart
CARR market performance
Daily close for Carrier Global Corporation
- Latest close
- $73.89
- Range move
- +$1.43 (+2.0%)
- Range high
- $80.73
- Range low
- $50.36
- Latest volume
- 1.8M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
9 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
9 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
9 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
9 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
9 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
25 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus26 ratings
Strong buy
0
Buy
14
Hold
11
Sell
1
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $22.27B | $21.86B - $22.51B | $2.81 | $2.70 - $2.84 | $3.92B | $3.14B | $2.35B | $3.06B | 17 rev / 14 EPS |
| 2027-12-31 | $23.35B | $23.08B - $23.63B | $3.20 | $3.05 - $3.37 | $4.11B | $3.29B | $2.72B | $3.21B | 17 rev / 14 EPS |
| 2028-12-31 | $24.58B | $24.49B - $24.67B | $3.63 | $3.06 - $4.32 | $4.33B | $3.47B | $3.12B | $3.38B | 13 rev / 7 EPS |
| 2029-12-31 | $26.24B | $25.82B - $26.93B | $4.06 | $3.98 - $4.20 | $4.62B | $3.70B | $3.44B | $3.61B | 12 rev / 2 EPS |
| 2030-12-31 | $26.61B | $26.18B - $27.30B | $4.47 | $4.38 - $4.62 | $4.68B | $3.75B | $3.78B | $3.66B | 6 rev / 5 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $5.98B | $5.85B - $6.07B | $0.81 | $0.78 - $0.88 | $1.05B | $844.0M | $686.5M | $822.9M | 11 rev / 13 EPS |
| 2026-09-30 | $5.84B | $5.70B - $5.93B | $0.86 | $0.84 - $0.89 | $1.03B | $824.0M | $725.3M | $803.4M | 11 rev / 12 EPS |
| 2026-12-31 | $5.11B | $4.98B - $5.22B | $0.56 | $0.55 - $0.58 | $899.6M | $721.0M | $475.8M | $703.0M | 5 rev / 10 EPS |
| 2027-03-31 | $5.57B | $5.42B - $5.68B | $0.56 | $0.54 - $0.58 | $979.5M | $785.1M | $473.7M | $765.5M | 5 rev / 5 EPS |
| 2027-06-30 | $6.28B | $6.11B - $6.41B | $0.97 | $0.94 - $1.00 | $1.10B | $885.3M | $819.0M | $863.2M | 6 rev / 5 EPS |
| 2027-09-30 | $6.12B | $5.96B - $6.25B | $0.99 | $0.95 - $1.01 | $1.08B | $863.3M | $831.3M | $841.7M | 9 rev / 5 EPS |
| 2027-12-31 | $5.37B | $5.23B - $5.49B | $0.66 | $0.64 - $0.68 | $945.6M | $757.9M | $554.5M | $739.0M | 5 rev / 5 EPS |
| 2028-03-31 | $5.58B | $5.44B - $5.70B | $0.69 | $0.67 - $0.71 | $982.0M | $787.1M | $585.3M | $767.4M | 4 rev / 7 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 1 | $75.00 |
| Last quarter | 3 | $72.00 |
| Last year | 14 | $68.86 |
| All time | 53 | $65.55 |
Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0, TipRanks Contributor
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-05-28 | Morgan Stanley | Maintain | Equal Weight | Equal Weight |
| 2026-05-14 | JP Morgan | Maintain | Neutral | Neutral |
| 2026-05-01 | Evercore ISI Group | Maintain | Outperform | Outperform |
| 2026-05-01 | Citigroup | Maintain | Buy | Buy |
| 2026-05-01 | RBC Capital | Maintain | Outperform | Outperform |
| 2026-05-01 | Barclays | Maintain | Overweight | Overweight |
| 2026-04-01 | Barclays | Maintain | Overweight | Overweight |
| 2026-04-01 | Wells Fargo | Maintain | Equal Weight | Equal Weight |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 2 | 12 | 12 | 0 | 0 |
| 2026-05-01 | 3 | 12 | 12 | 0 | 0 |
| 2026-04-01 | 3 | 12 | 12 | 0 | 0 |
| 2026-03-01 | 3 | 11 | 12 | 0 | 0 |
| 2026-02-01 | 2 | 11 | 12 | 0 | 0 |
| 2026-01-01 | 2 | 11 | 11 | 0 | 0 |
| 2025-12-01 | 2 | 11 | 11 | 0 | 0 |
| 2025-11-01 | 2 | 11 | 11 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $21.75B | $5.62B | 25.9% | $625.0M | $1.91B | $3.53B | $1.48B | $1.74 |
| FY 2024 | $22.49B | $5.98B | 26.6% | $686.0M | $2.10B | $4.09B | $5.60B | $6.24 |
| FY 2023 | $18.95B | $5.16B | 27.2% | $493.0M | $2.06B | $2.80B | $1.35B | $1.61 |
| FY 2022 | $17.29B | $4.30B | 24.9% | $416.0M | $1.90B | $4.45B | $3.53B | $4.19 |
| FY 2021 | $20.61B | $5.98B | 29.0% | $503.0M | $2.65B | $2.69B | $1.66B | $1.92 |
| FY 2020 | $17.46B | $5.11B | 29.3% | $419.0M | $3.08B | $3.49B | $1.98B | $2.29 |
| FY 2019 | $18.61B | $5.42B | 29.1% | $401.0M | $2.49B | $2.59B | $2.12B | $2.44 |
| FY 2018 | $18.91B | $5.57B | 29.4% | $400.0M | $3.64B | $4.28B | $2.73B | $3.16 |
| FY 2017 | $17.81B | $5.18B | 29.1% | $364.0M | $3.03B | $3.65B | $1.23B | $0.00 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $2.09B | $392.0M | $1.70B |
| FY 2024 | $563.0M | $519.0M | $44.0M |
| FY 2023 | $2.61B | $439.0M | $2.17B |
| FY 2022 | $1.74B | $317.0M | $1.43B |
| FY 2021 | $2.24B | $344.0M | $1.89B |
| FY 2020 | $1.69B | $312.0M | $1.38B |
| FY 2019 | $2.06B | $243.0M | $1.82B |
| FY 2018 | $2.06B | $263.0M | $1.79B |
| FY 2017 | $2.10B | $326.0M | $1.77B |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $1.55B | $2.64B | $2.48B | $3.71B | $37.19B | $12.67B | $11.11B | $23.06B | $13.80B |
| FY 2024 | $3.97B | $2.65B | $2.30B | $3.55B | $37.40B | $12.71B | $8.74B | $23.01B | $14.08B |
| FY 2023 | $9.85B | $2.08B | $1.82B | $2.58B | $32.82B | $14.63B | $4.77B | $23.82B | $8.68B |
| FY 2022 | $3.52B | $3.37B | $2.64B | $2.88B | $26.09B | $9.37B | $5.85B | $18.01B | $7.76B |
| FY 2021 | $2.99B | $2.91B | $1.97B | $2.47B | $26.17B | $10.22B | $7.24B | $19.08B | $6.77B |
| FY 2020 | $3.12B | $3.44B | $1.63B | $2.60B | $25.09B | $11.03B | $7.92B | $18.52B | $6.25B |
| FY 2019 | $952.0M | $3.35B | $1.33B | $2.50B | $22.41B | $682.0M | -$270.0M | $7.97B | $14.10B |
| FY 2018 | $1.13B | $3.24B | $1.36B | $1.65B | $21.74B | $287.0M | -$842.0M | $7.47B | $13.92B |
| FY 2017 | $1.32B | $2.66B | $1.53B | $1.68B | $21.98B | $158.0M | -$1.17B | $7.20B | $14.41B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 25.9% | 8.8% | 6.8% | 1.2x | 0.9x | 10.8% | 5.4% | 2.6x | 15.7x | 3.8% | 2.9% | 39d |
| FY 2024 | 26.6% | 9.3% | 24.9% | 1.3x | 1.0x | 39.8% | 3.6% | 3.1x | 17.1x | 0.1% | 3.1% | 40d |
| FY 2023 | 27.2% | 10.9% | 7.1% | 2.8x | 2.5x | 15.5% | 5.9% | 2.8x | 18.9x | 4.5% | 2.6% | 23d |
| FY 2022 | 24.9% | 11.0% | 20.4% | 1.6x | 1.2x | 45.6% | 7.9% | 2.4x | 9.1x | 4.1% | 2.4% | 66d |
| FY 2021 | 29.0% | 12.8% | 8.1% | 1.7x | 1.4x | 24.6% | 9.5% | 2.6x | 20.1x | 4.0% | 2.4% | 42d |
| FY 2020 | 29.3% | 17.7% | 11.4% | 1.7x | 1.3x | 31.7% | 10.7% | 2.3x | 11.6x | 4.2% | 2.4% | 63d |
| FY 2019 | 29.1% | 13.4% | 11.4% | 1.3x | 1.0x | 15.0% | 11.0% | 0.5x | 3.9x | 17.5% | 2.2% | 55d |
| FY 2018 | 29.4% | 19.2% | 14.5% | 1.4x | 1.1x | 19.6% | 14.8% | 0.5x | 2.2x | 17.2% | 2.1% | 47d |
| FY 2017 | 29.1% | 17.0% | 6.9% | 1.4x | 1.1x | 8.5% | 7.1% | 0.5x | 2.5x | 17.0% | 2.0% | 46d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | -3.3% | -6.0% | -8.9% | -9.1% | -73.5% | -72.1% | +3756.8% | +24.5% | -60.8% | +8.0% | -0.6% | -0.3% |
| FY 2024 | +18.7% | +15.9% | +39.1% | +1.7% | +315.4% | +287.6% | -98.0% | -18.2% | -59.7% | +26.1% | +14.0% | -13.1% |
| FY 2023 | +9.6% | +20.1% | +18.5% | +8.3% | -61.8% | -61.6% | +52.0% | -38.5% | +179.9% | -30.9% | +25.8% | +56.1% |
| FY 2022 | -16.1% | -28.1% | -17.3% | -28.0% | +112.4% | +118.2% | -24.7% | +7.8% | +17.8% | +34.0% | -0.3% | -8.3% |
| FY 2021 | +18.1% | +17.0% | +20.0% | -14.2% | -16.0% | -16.2% | +37.2% | -10.3% | -4.1% | +20.9% | +4.3% | -7.3% |
| FY 2020 | -6.2% | -5.7% | +4.5% | +23.8% | -6.3% | -6.1% | -24.2% | -28.4% | +227.2% | +22.3% | +12.0% | +1517.3% |
| FY 2019 | -1.6% | -2.7% | +0.3% | -31.5% | -22.6% | -22.8% | +1.6% | +7.6% | -15.7% | -2.3% | +3.1% | +137.6% |
| FY 2018 | +6.2% | +7.4% | +9.9% | +20.0% | +122.8% | 0.0% | +1.1% | +19.3% | -14.7% | -10.9% | -1.1% | +81.6% |
| FY 2017 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $21.75B
Product$19.17B · 88.2%
Service$2.57B · 11.8%
Latest geography mixFY 2025 · $21.75B
UNITED STATES$11.14B · 51.2%
Europe$6.09B · 28.0%
Asia Pacific$3.84B · 17.7%
Other Geographical Region$678.0M · 3.1%
Product revenue annual
| Period | Total | Product | Service |
|---|---|---|---|
| FY 2025 | $21.75B | $19.17B | $2.57B |
| FY 2024 | $22.49B | $19.99B | $2.50B |
| FY 2023 | $22.10B | $19.56B | $2.54B |
| FY 2022 | $20.42B | $18.25B | $2.17B |
| FY 2021 | $20.61B | $17.21B | $3.40B |
| FY 2020 | $17.46B | $14.35B | $3.11B |
Geography revenue annual
| Period | Total | UNITED STATES | Europe | Asia Pacific | Other Geographical Region |
|---|---|---|---|---|---|
| FY 2025 | $21.75B | $11.14B | $6.09B | $3.84B | $678.0M |
| FY 2024 | $22.49B | $11.29B | $6.69B | $3.82B | $688.0M |
| FY 2023 | $22.10B | $12.21B | $4.73B | $4.35B | $812.0M |
| FY 2022 | $20.42B | $11.80B | $4.36B | $3.49B | $776.0M |
| FY 2021 | $20.61B | $10.49B | $5.78B | $3.46B | $881.0M |
| FY 2020 | $17.46B | $9.11B | $4.93B | $2.65B | $761.0M |
Transcripts25 on file
Transcripts
Events
Events
Next earnings
2026-08-04EPS est $0.82
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