Carrier Global Corporation

Carrier Global Corporation

CARRยทNYSE

$67.58

+1.7%
IndustrialsIndustrial - Machinery

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

At a Glance

Live Snapshot
Market Cap$56.13B
EPS1.7400
P/E Ratio38.84
Earnings Date08/04/2026
3Y+20.0%
5Y+23.0%
10Y-
3Y-120.0%
5Y-131.0%
10Y-227.0%
3Y+59.0%
5Y+586.0%
10Y+113.0%
CARR

Carrier Global Corporation Cash Conversion Engine

CARR ยท NYSE
Net Income1.49B
Depreciation & Amortization1.27B
Stock-Based Compensation74.00M
Change in Working Capital-143.00M
Others-208.00M
Capital Expenditures-392.00M
Free Cash Flow1.70B

Cash Flow Quality Analysis

FCF Conversion Rate

113.7%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

18.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+3756.8%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$143.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Carrier Global Corporation Cash Flow Statement

CARR โ€ข NYSE

Carrier Global Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
OPERATING ACTIVITIES
1.5B
1.2B
1.5B
3.2B
1.7B
2B
2.2B
2.8B
1.3B
1.3B
1.2B
491M
328M
338M
336M
335M
357M
372M
-401M
-352M
-243M
-106M
-74M
97M
-122M
133M
872M
74M
86M
71M
65M
92M
77M
52M
44M
34M
-208M
-2B
307M
-1.5B
-137M
-910M
3M
-924M
-675M
(0.0)
(2.1B)
(942M)
(833M)
(675M)
(819M)
(759M)
(276M)
(917M)
-143M
339M
503M
-241M
317M
86M
-360M
-324M
228M
2.1B
563M
2.6B
1.7B
2.2B
1.7B
2.1B
2.1B
2.1B
INVESTING ACTIVITIES
-392M
-519M
-439M
-317M
-344M
-312M
-243M
-263M
-326M
(0.0)
-10.3B
-30M
(2.3B)
-366M
(0.0)
(0.0)
-310M
(472M)
(0.0)
-264M
-50M
-194M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-32M
0.0
0.0
0.0
11M
1.4B
6M
1B
0.0
81M
9B
-141M
-36M
7M
1M
-22M
-44M
125M
-343M
-2B
-660M
(1.7B)
-692M
(1.1B)
-259M
(415M)
(271M)
FINANCING ACTIVITIES
-2.9B
-1.9B
-62M
-1.4B
-527M
0.0
0.0
0.0
-286M
-889M
-1.9B
5.5B
-992M
-551M
9.9B
-6M
120M
-8M
-772M
-670M
-620M
-509M
-417M
-138M
(0.0)
(0.0)
(0.0)
-2.9B
-1.9B
-62M
-1.4B
-527M
(0.0)
(0.0)
(0.0)
-286M
-119M
-139M
-199M
-50M
-67M
-10.4B
-2B
-2.7B
-1.9B
-4.7B
-4.6B
4.6B
-2.9B
-1.6B
-681M
-2B
-2.6B
-2.2B
CASH FLOW SUMMARY
511M
217M
-233M
-56M
-72M
46M
1M
1.3B
-176M
-2.4B
-5.9B
6.3B
501M
-89M
2.2B
-177M
1.1B
0.0
4B
9.9B
3.5B
3B
3.1B
952M
1.1B
0.0
0.0
1.6B
4B
9.9B
3.5B
3B
3.1B
952M
1.1B
0.0
1.7B
44M
2.2B
1.4B
1.9B
1.4B
1.8B
1.8B
1.8B

SEC Filings

CARR - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

April 30, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 30, 2026
2026
8-K

8-K 2026

N/A

April 16, 2026
April 15, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 03, 2026
April 15, 2026
2026
10-K

10-K 2025 FY

FY

February 05, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 05, 2026
February 05, 2026
2026
S-3

S-3

N/A

February 05, 2026
February 05, 2026
ย 
8-K

8-K 2025

N/A

October 28, 2025
October 28, 2025
2025
10-Q

10-Q 2025 Q3

Q3

October 28, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

September 04, 2025
September 03, 2025
2025
Showing 1 to 10 of 122 filings