Carrier Global Corporation
CARR Industrials Building Products & Equipment
Carrier Global Corporation’s revenue for fiscal 2025 (year ended December 2025) was $21.7 billion, down 3.29% from fiscal 2024.
- Revenue
- +12.3%
- EPS
- −732.0%
- Free cash flow
- +200.9%
- Total debt
- −3.71%
Quarter to September 2026, against a year earlier
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Carrier Global Corporation (CARR) Free cash flow margin
Carrier Global Corporation's free cash flow margin over the twelve months to 30 September 2026 was 10.4%, up 0.7 percentage points from fiscal 2025 (9.75%). Over the past ten years it has ranged from 0.20% (fiscal 2024) to 11.4% (fiscal 2023); the current reading is higher than 67% of that period. That is above the Building Products & Equipment industry median of 6.41% and above the Industrials sector median of 2.06%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 9.75% | 9.55 |
| FY2024 | 0.20% | (11.24) |
| FY2023 | 11.4% | 3.19 |
| FY2022 | 8.25% | (0.93) |
| FY2021 | 9.18% | 1.27 |
| FY2020 | 7.91% | (1.87) |
| FY2019 | 9.78% | 0.31 |
| FY2018 | 9.47% | (0.48) |
| FY2017 | 9.95% | — |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| MAIR Madison Air Solutions Corporation compare | 20.0% |
| TT Trane Technologies plc compare | 16.5% |
| LII Lennox International, Inc. compare | 15.4% |
| CSL Carlisle Companies Incorporated compare | 14.4% |
| MAS Masco Corporation compare | 13.8% |
| JCI Johnson Controls International plc compare | 13.3% |
| CARR Carrier Global Corporation | 10.4% |
| OC Owens Corning Inc compare | 8.79% |
| WMS Advanced Drainage Systems, Inc. compare | 0.00% |
| Building Products & Equipment industry median | 6.41% |
| Industrials sector median | 2.06% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on CARR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement