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

53.30 2.36 −4.24%
Market cap
$43.5B
P/E
0.0×
Fwd P/E
47.7×
Dividend yield
1.80%
F-score
5/9
Altman Z
2.45
Beneish M
−2.56
Dividend safety
67/100

Carrier Global Corporation (CARR) Free cash flow

Alert me on 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 September 2026 it was $2.4B. 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 34 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
Sep 2026 $674.0M (16.79%)
Jun 2026 $810.0M —
Mar 2026 −$15.0M —
Dec 2025 $909.0M 305.80%
29 more quarters

Against its own ten years

Low $44.0M High $2.2B
Ten-year median $1.8B
Current reading's percentile 89

Free cash flow against peers

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)

The full definition of Free cash flow →

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