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. In the quarter to June 2026, revenue grew 3.89%, EPS fell 13.0%, free cash flow grew 42.6% and total debt rose 4.45%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years; insiders bought in the last twelve months.
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Carrier Global Corporation (CARR) Free cash flow
Carrier Global Corporation's free cash flow for fiscal 2025 was $2.1B, up 4,720.5% from $44.0M in fiscal 2024. Over the twelve months to 30 June 2026 it was $1.9B. Over the past ten years it has ranged from $44.0M (fiscal 2024) to $2.2B (fiscal 2023); the current reading is higher than 89% of that period. Carrier Global Corporation ranks 3rd of 35 Building Products & Equipment companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $2.1B | 4,720.45% |
| FY2024 | $44.0M | (97.97%) |
| FY2023 | $2.2B | 52.03% |
| FY2022 | $1.4B | (24.67%) |
| FY2021 | $1.9B | 37.17% |
| FY2020 | $1.4B | (24.18%) |
| FY2019 | $1.8B | 1.56% |
| FY2018 | $1.8B | 1.13% |
| FY2017 | $1.8B | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $810.0M | — |
| Mar 2026 | −$15.0M | — |
| Dec 2025 | $909.0M | 305.80% |
| Sep 2025 | $224.0M | (60.56%) |
| 28 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| TT Trane Technologies plc compare | $3.6B |
| JCI Johnson Controls International plc compare | $3.2B |
| CARR Carrier Global Corporation | $1.9B |
| MAS Masco Corporation compare | $1.1B |
| OC Owens Corning Inc compare | $972.0M |
| CSL Carlisle Companies Incorporated compare | $866.6M |
| LII Lennox International, Inc. compare | $740.6M |
| WMS Advanced Drainage Systems, Inc. compare | $550.9M |
| SPXC SPX Technologies, Inc. compare | $303.4M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on CARR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow 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