Carrier Global Corporation (CARR)
NYSE: CARR · Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip · Palm Beach Gardens, FL · filing with the SEC since 2019
Grade5.4
◀ Past 6.0● Present 5.9▶ Future 4.3
Income statement, as filed
In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
| Report filed | Feb 5, 2026 | Feb 11, 2025 | Feb 6, 2024 | Feb 7, 2023 | Feb 8, 2022 | Feb 9, 2021 | · | · |
| Revenue | 21,747 | 22,486 | 18,951r | 17,288r | 20,613 | 17,456 | 18,608 | 18,914 |
| Cost of revenue | · | 16,505 | 13,789 | 12,991 | · | · | · | · |
| Research and development | 625 | 686 | 493r | 416r | 503 | 419 | 401 | 400 |
| Selling, general and administrative | 3,092 | 3,197 | 2,607r | 1,977r | 3,120 | 2,820 | 2,761 | 2,689 |
| Total costs and expenses | 19,840 | 20,388 | 16,889r | 15,384r | 18,256 | 15,586 | 16,351 | 16,434 |
| Operating income | 2,172 | 2,646 | 2,160r | 3,984r | 2,645 | 3,083 | 2,491 | 3,637 |
| Interest expense | 458 | 580 | 306r | 238r | 319 | 298 | · | · |
| Interest income (expense), net | -364 | -371 | -160r | -157r | -306 | -288 | 27 | 37 |
| Share of profit of equity-method investments | 229 | 231 | 211 | 262 | 249 | 207 | 236 | 220 |
| Income before income taxes | 1,798 | 2,274 | 1,999r | 3,823r | 2,400 | 2,855 | 2,672 | 3,842 |
| Income tax expense | 240 | 1,062 | 521r | 616r | 699 | 849 | 517 | 1,073 |
| Income from continuing operations | 1,558 | 1,212 | 1,478 | 3,207 | · | · | · | · |
| Income from discontinued operations | 29 | 4,496 | -38 | 377 | · | · | · | · |
| Net income including non-controlling interests | 1,587 | 5,708 | 1,440 | 3,584 | 1,701 | 2,006 | 2,155 | 2,769 |
| Net income to non-controlling interests | 103 | 104 | 91 | 50 | 37 | 24 | 39 | 35 |
| Net income | 1,484 | 5,604 | 1,349 | 3,534 | · | · | · | · |
| Net income to common shareholders | · | · | 1,349 | 3,534 | 1,664 | 1,982 | 2,116 | 2,734 |
| Earnings per share, basic | 1.74 | 6.24 | 1.61 | 4.19 | 1.92 | 2.29 | 2.44 | 3.16 |
| Earnings per share, diluted | 1.72 | 6.15 | 1.58 | 4.10 | 1.87 | 2.25 | 2.44 | 3.16 |
| Weighted average shares, basic | 852.4 | 898.2 | 837.3 | 843.4 | 867.7 | 866.5 | 866.2 | 866.2 |
| Weighted average shares, diluted | 862.4 | 911.7 | 853.0 | 861.2 | 890.3 | 880.2 | 866.2 | 866.2 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTaxCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfGoodsAndServicesSoldResearch and development spent on inventing what it sells next
us-gaap:ResearchAndDevelopmentExpenseSelling, general and administrative the cost of selling and of running the company
us-gaap:SellingGeneralAndAdministrativeExpenseTotal costs and expenses every operating cost, the cost of revenue included
us-gaap:CostsAndExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseDebtInterest income (expense), net interest earned less interest paid, outside the business
us-gaap:InterestIncomeExpenseNonoperatingNetShare of profit of equity-method investments its share of companies it partly owns
us-gaap:IncomeLossFromEquityMethodInvestmentsIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitIncome from continuing operations profit from the businesses it keeps
us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterestIncome from discontinued operations profit or loss from businesses it sold or closed
us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossNet income to common shareholders what is left for common shareholders
us-gaap:NetIncomeLossAvailableToCommonStockholdersBasicEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding