The Filings Report

Carrier Global Corporation

CARRNYSECIK 1783180Industrials / Building Productsfiscal year ends December31 quarters since 2019

Revenue, Q3 FY2026
$6.3B
+12.3% on Q3 FY2025
Net income
−$2.6B
−705.8% on Q3 FY2025
Free cash flow
$674M
+200.9% on Q3 FY2025
Diluted EPS
$-3.16
−732.0% on Q3 FY2025
Revenue, TTM
$22.8B
trailing four quarters
Net margin, TTM
-7.9%
net income −$1.8B
Free cash flow, TTM
$2.4B
$2.9B less $481M capex
Cash and equivalents
$1.4B
long-term debt $10.0B, Sep 30, 2026
Shares, 12-month change
−2.9%
818M shares, Sep 30, 2026
Buybacks, TTM
$1.6B
3.7% of market value
Dividends, TTM
$787M
1.8% of market value
Market value
$43.9B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 29, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, Carrier Global Corporation reported revenue of $6.3B, +12.3% on Q3 FY2025, and net loss of $2.6B (−705.8%). Operating margin was −36.3%. Free cash flow, operating cash flow less capital expenditures, was $674M ($813M less $139M). Diluted earnings per share were $-3.16.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 29, 2026.

Revenue and net incomeRevenueNet income
−$5B−$3B$0$3B$5B$8BQ4'22, Revenue: $2.0BQ4'22, Net income: $270MQ4'22Q1'23, Revenue: $4.5BQ1'23, Net income: $373MQ1'23Q2'23, Revenue: $5.2BQ2'23, Net income: $199MQ2'23Q3'23, Revenue: $4.9BQ3'23, Net income: $357MQ3'23Q4'23, Revenue: $4.3BQ4'23, Net income: $420MQ4'23Q1'24, Revenue: $5.4BQ1'24, Net income: $269MQ1'24Q2'24, Revenue: $5.9BQ2'24, Net income: $2.3BQ2'24Q3'24, Revenue: $6.0BQ3'24, Net income: $447MQ3'24Q4'24, Revenue: $5.1BQ4'24, Net income: $2.6BQ4'24Q1'25, Revenue: $5.2BQ1'25, Net income: $412MQ1'25Q2'25, Revenue: $6.1BQ2'25, Net income: $591MQ2'25Q3'25, Revenue: $5.6BQ3'25, Net income: $428MQ3'25Q4'25, Revenue: $4.8BQ4'25, Net income: $53MQ4'25Q1'26, Revenue: $5.3BQ1'26, Net income: $238MQ1'26Q2'26, Revenue: $6.4BQ2'26, Net income: $501MQ2'26Q3'26, Revenue: $6.3BQ3'26, Net income: −$2.6BQ3'26−$5B−$3B$0$3B$5B$8BQ4'22, Revenue: $2.0BQ4'22, Net income: $270MQ1'23, Revenue: $4.5BQ1'23, Net income: $373MQ1'23Q2'23, Revenue: $5.2BQ2'23, Net income: $199MQ3'23, Revenue: $4.9BQ3'23, Net income: $357MQ3'23Q4'23, Revenue: $4.3BQ4'23, Net income: $420MQ1'24, Revenue: $5.4BQ1'24, Net income: $269MQ1'24Q2'24, Revenue: $5.9BQ2'24, Net income: $2.3BQ3'24, Revenue: $6.0BQ3'24, Net income: $447MQ3'24Q4'24, Revenue: $5.1BQ4'24, Net income: $2.6BQ1'25, Revenue: $5.2BQ1'25, Net income: $412MQ1'25Q2'25, Revenue: $6.1BQ2'25, Net income: $591MQ3'25, Revenue: $5.6BQ3'25, Net income: $428MQ3'25Q4'25, Revenue: $4.8BQ4'25, Net income: $53MQ1'26, Revenue: $5.3BQ1'26, Net income: $238MQ1'26Q2'26, Revenue: $6.4BQ2'26, Net income: $501MQ3'26, Revenue: $6.3BQ3'26, Net income: −$2.6BQ3'26

Net income losses drawn in red.

Free cash flow
−$500M$0$500M$1.0B$1.5BQ4'22, Free cash flow: $1.0BQ4'22Q1'23, Free cash flow: $50MQ1'23Q2'23, Free cash flow: $310MQ2'23Q3'23, Free cash flow: $968MQ3'23Q4'23, Free cash flow: $840MQ4'23Q1'24, Free cash flow: −$62MQ1'24Q2'24, Free cash flow: $552MQ2'24Q3'24, Free cash flow: −$361MQ3'24Q4'24, Free cash flow: −$85MQ4'24Q1'25, Free cash flow: $420MQ1'25Q2'25, Free cash flow: $568MQ2'25Q3'25, Free cash flow: $224MQ3'25Q4'25, Free cash flow: $909MQ4'25Q1'26, Free cash flow: −$15MQ1'26Q2'26, Free cash flow: $810MQ2'26Q3'26, Free cash flow: $674MQ3'26−$500M$0$500M$1.0B$1.5BQ4'22, Free cash flow: $1.0BQ1'23, Free cash flow: $50MQ1'23Q2'23, Free cash flow: $310MQ3'23, Free cash flow: $968MQ3'23Q4'23, Free cash flow: $840MQ1'24, Free cash flow: −$62MQ1'24Q2'24, Free cash flow: $552MQ3'24, Free cash flow: −$361MQ3'24Q4'24, Free cash flow: −$85MQ1'25, Free cash flow: $420MQ1'25Q2'25, Free cash flow: $568MQ3'25, Free cash flow: $224MQ3'25Q4'25, Free cash flow: $909MQ1'26, Free cash flow: −$15MQ1'26Q2'26, Free cash flow: $810MQ3'26, Free cash flow: $674MQ3'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$5B$10B$15B$20BQ4'22, Cash and equivalents: $3.3BQ4'22, Long-term debt: $8.7BQ4'22Q1'23, Cash and equivalents: $3.3BQ1'23, Long-term debt: $8.7BQ1'23Q2'23, Cash and equivalents: $3.2BQ2'23, Long-term debt: $8.7BQ2'23Q3'23, Cash and equivalents: $3.7BQ3'23, Long-term debt: $8.7BQ3'23Q4'23, Cash and equivalents: $9.9BQ4'23, Long-term debt: $14.2BQ4'23Q1'24, Cash and equivalents: $1.2BQ1'24, Long-term debt: $15.6BQ1'24Q2'24, Cash and equivalents: $2.8BQ2'24, Long-term debt: $11.3BQ2'24Q3'24, Cash and equivalents: $2.2BQ3'24, Long-term debt: $10.3BQ3'24Q4'24, Cash and equivalents: $4.0BQ4'24, Long-term debt: $11.0BQ4'24Q1'25, Cash and equivalents: $1.7BQ1'25, Long-term debt: $11.1BQ1'25Q2'25, Cash and equivalents: $1.8BQ2'25, Long-term debt: $11.3BQ2'25Q3'25, Cash and equivalents: $1.4BQ3'25, Long-term debt: $11.3BQ3'25Q4'25, Cash and equivalents: $1.6BQ4'25, Long-term debt: $11.4BQ4'25Q1'26, Cash and equivalents: $1.4BQ1'26, Long-term debt: $10.4BQ1'26Q2'26, Cash and equivalents: $1.3BQ2'26, Long-term debt: $10.3BQ2'26Q3'26, Cash and equivalents: $1.4BQ3'26, Long-term debt: $10.0BQ3'26$0$5B$10B$15B$20BQ4'22, Cash and equivalents: $3.3BQ4'22, Long-term debt: $8.7BQ1'23, Cash and equivalents: $3.3BQ1'23, Long-term debt: $8.7BQ1'23Q2'23, Cash and equivalents: $3.2BQ2'23, Long-term debt: $8.7BQ3'23, Cash and equivalents: $3.7BQ3'23, Long-term debt: $8.7BQ3'23Q4'23, Cash and equivalents: $9.9BQ4'23, Long-term debt: $14.2BQ1'24, Cash and equivalents: $1.2BQ1'24, Long-term debt: $15.6BQ1'24Q2'24, Cash and equivalents: $2.8BQ2'24, Long-term debt: $11.3BQ3'24, Cash and equivalents: $2.2BQ3'24, Long-term debt: $10.3BQ3'24Q4'24, Cash and equivalents: $4.0BQ4'24, Long-term debt: $11.0BQ1'25, Cash and equivalents: $1.7BQ1'25, Long-term debt: $11.1BQ1'25Q2'25, Cash and equivalents: $1.8BQ2'25, Long-term debt: $11.3BQ3'25, Cash and equivalents: $1.4BQ3'25, Long-term debt: $11.3BQ3'25Q4'25, Cash and equivalents: $1.6BQ4'25, Long-term debt: $11.4BQ1'26, Cash and equivalents: $1.4BQ1'26, Long-term debt: $10.4BQ1'26Q2'26, Cash and equivalents: $1.3BQ2'26, Long-term debt: $10.3BQ3'26, Cash and equivalents: $1.4BQ3'26, Long-term debt: $10.0BQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Carrier Global Corporation income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 28, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 5, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 29, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 11, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue6,2636,3515,3414,8375,5796,1135,2185,148+12.3%
Cost of revenue—————————
Gross profit—————————
Research and development154148143160151161153162+2.0%
Selling, general and administrative758810861747803813729803−5.6%
Operating income(2,273)825259101539903629774−521.7%
Other income (expense)(5)5——(3)(3)——−66.7%
Pretax income(2,363)7211705433812548693−645.7%
Income tax177180(96)(32)(1)162111723+17800.0%
Net income(2,593)501238534285914122,551−705.8%
Diluted EPS ($)(3.16)0.600.28—0.500.680.47—−732.0%
Diluted shares (millions)822837843—859866878——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Carrier Global Corporation balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 28, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 5, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 29, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 11, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents1,3541,3441,3711,5551,4231,7971,6983,969−4.8%
Short-term investments—————————
Total current assets8,8829,4149,0188,5338,8399,1318,4449,891+0.5%
Total assets33,59437,37237,18637,19038,07738,49336,44737,403−11.8%
Total current liabilities8,9069,2318,5857,1147,7477,8297,0117,892+15.0%
Long-term debt9,99210,31410,42211,36511,33611,33611,08011,026−11.9%
Total liabilities23,17323,90023,38523,06223,23823,47922,24923,008−0.3%
Stockholders’ equity—————————
Shares outstanding (millions)818824831836842851857868—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Carrier Global Corporation cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 28, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 5, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 29, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 11, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow813927791,040341649483132+138.4%
Capital expenditures139117941311178163217+18.8%
Free cash flow (CFO − capex)674810(15)909224568420(85)+200.9%
Depreciation and amortization324314315329325317303318−0.3%
Share repurchases3994393064797853401,2881,513−49.2%
Dividends paid198199201189193192198156+2.6%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 5, 2026.

Income statement

Carrier Global Corporation income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 5, 2026FY2024ended Dec 31, 2024filed Feb 11, 2025FY2023ended Dec 31, 2023filed Feb 6, 2024FY2022ended Dec 31, 2022filed Feb 7, 2023FY2021ended Dec 31, 2021filed Feb 8, 2022FY2020ended Dec 31, 2020filed Feb 9, 2021FY2019ended Dec 31, 2019filed May 11, 2020FY2018ended Dec 31, 2018filed Feb 9, 2021
Revenue21,74722,48618,95117,28820,61317,45618,60818,914
Cost of revenue—16,50513,78912,991————
Gross profit————————
Research and development625686493416503419401400
Selling, general and administrative3,0923,1972,6071,9773,1202,8202,7612,689
Operating income2,1722,6462,1603,9842,6453,0832,4913,637
Other income (expense)————————
Pretax income1,7982,2741,9993,8232,4002,8552,6723,842
Income tax2401,0625216166998495171,073
Net income1,4845,6041,3493,5341,6641,9822,1162,734
Diluted EPS ($)1.726.151.584.101.872.252.443.16
Diluted shares (millions)862912853861890880866866

Balance sheet

Carrier Global Corporation balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 5, 2026FY2024ended Dec 31, 2024filed Feb 11, 2025FY2023ended Dec 31, 2023filed Feb 6, 2024FY2022ended Dec 31, 2022filed Feb 7, 2023FY2021ended Dec 31, 2021filed Feb 8, 2022FY2020ended Dec 31, 2020filed Feb 9, 2021FY2019ended Dec 31, 2019filed May 11, 2020FY2018ended Dec 31, 2018filed Feb 9, 2021
Cash and equivalents1,5553,9699,8523,2982,9873,1159521,129
Short-term investments————————
Total current assets8,5339,89119,5769,87911,4078,5245,959—
Total assets37,19037,40332,82226,08626,17225,09322,406—
Total current liabilities7,1147,8926,9816,0326,6275,1104,469—
Long-term debt11,36511,02614,2428,7029,51310,03682—
Total liabilities23,06223,00823,81718,01019,07818,5157,971—
Stockholders’ equity——————14,102—
Shares outstanding (millions)836868898834856869——

Cash flow statement

Carrier Global Corporation cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 5, 2026FY2024ended Dec 31, 2024filed Feb 11, 2025FY2023ended Dec 31, 2023filed Feb 6, 2024FY2022ended Dec 31, 2022filed Feb 7, 2023FY2021ended Dec 31, 2021filed Feb 8, 2022FY2020ended Dec 31, 2020filed Feb 9, 2021FY2019ended Dec 31, 2019filed May 11, 2020FY2018ended Dec 31, 2018filed Feb 9, 2021
Operating cash flow2,5135632,6071,7432,2371,6922,0632,055
Capital expenditures392519439317344312243263
Free cash flow (CFO − capex)2,121442,1681,4261,8931,3801,8201,792
Depreciation and amortization1,2741,232491328338336335357
Share repurchases2,8921,944621,38052700—
Dividends paid77267062050941713800

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$1M
1 purchases by 1 insider; officers and directors $1M
Sold, twelve months
$750M
1 sales by 1 insider; officers and directors $750M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 1, 2026Yildiz BerilVP, Controller & CAOoption exercise1,065$0.00—1,065Oct 2, 2026
Oct 1, 2026Yildiz BerilVP, Controller & CAOtax withholding260$55.22$14K805Oct 2, 2026
Jul 1, 2026Dryden Edward C.President, CSToption exercise6,894$0.00—11,505Jul 2, 2026
Jul 1, 2026Dryden Edward C.President, CSTtax withholding2,147$72.07$155K9,358Jul 2, 2026
May 20, 2026Viessmann MaximilianDirectoropen-market saleindirect12M$62.01$750M38MMay 20, 2026
May 1, 2026Pandya GaurangPresident, CSAoption exercise50,616$0.00—71,436May 1, 2026
May 1, 2026Pandya GaurangPresident, CSAtax withholding21,546$67.62$1M49,890May 1, 2026
Apr 1, 2026Gierges Michael LotfyPresident, CSAMEoption exercise5,320$0.00—5,320Apr 2, 2026
Apr 1, 2026Gierges Michael LotfyPresident, CSAMEtax withholding1,296$56.90$74K4,024Apr 2, 2026
Feb 9, 2026Heim ThomasPresident, CSEoption exercise50$0.00—13,847Feb 11, 2026
Feb 1, 2026Heim ThomasPresident, CSEoption exercise13,797$0.00—13,797Feb 3, 2026
Feb 1, 2026Campbell FrancescaSenior VP & CLOtax withholding581$59.58$35K6,940Feb 3, 2026
Feb 1, 2026Campbell FrancescaSenior VP & CLOaward1,958$0.00—7,521Feb 3, 2026
Feb 1, 2026Villeneuve NadiaSVP, Chief People/Comm Ofcrtax withholding3,809$59.58$227K112,522Feb 3, 2026
Feb 1, 2026Villeneuve NadiaSVP, Chief People/Comm Ofcraward15,194$0.00—116,331Feb 3, 2026
Feb 1, 2026Agrawal AjaySVP, Services & Chief BD Ofcraward5,705$0.00—117,159Feb 3, 2026
Feb 1, 2026Agrawal AjaySVP, Services & Chief BD Ofcrtax withholding1,502$59.58$89K115,657Feb 3, 2026
Feb 1, 2026Pandya GaurangPresident, CSAaward5,705$0.00—22,555Feb 3, 2026
Feb 1, 2026Pandya GaurangPresident, CSAtax withholding1,735$59.58$103K20,820Feb 3, 2026
Feb 1, 2026Goris Patrick P.EVP, Chief Finance/Strat Ofcraward40,750$0.00—144,781Feb 3, 2026
Feb 1, 2026Goris Patrick P.EVP, Chief Finance/Strat Ofcrtax withholding16,124$59.58$961K128,657Feb 3, 2026
Feb 1, 2026Gitlin David L.Chairman and CEO, Directortax withholding35,797$59.58$2M589,549Feb 3, 2026
Feb 1, 2026Gitlin David L.Chairman and CEO, Directoraward90,872$0.00—625,346Feb 3, 2026
Nov 25, 2025Gitlin David L.Chairman and CEO, Directoropen-market buy19,300$52.62$1M534,474Nov 25, 2025
Aug 8, 2025Pandya GaurangPresident, CSAoption exercise66$0.00—16,879Aug 12, 2025

Full insider history for Carrier Global Corporation, or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
CARRIER GLOBAL CORPORATION, CIK 1783180 on EDGAR
Extract generated
October 30, 2026
Withheld
1 line-years whose four quarters do not sum to the filed year: opex sga FY2023
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: CostOfGoodsAndServicesSold
Gross profit: not filed
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss, NetIncomeLossAvailableToCommonStockholdersBasic
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquireProductiveAssets
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAmortizationAndAccretionNet, DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated October 30, 2026.

JSON file
/data/financials/CARR.json