Income Statement
CARRIER GLOBAL CORP
CARR
Performance Overview
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in millions USD
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY | Dec 31, 2020 2020 FY |
|---|---|---|---|---|---|---|
|
Revenue
|
21,747.00 | 22,553.00 | 22,590.00 | 20,861.00 | 21,032.00 | 17,796.00 |
|
Cost of Revenue
|
15,178.00 | 16,621.00 | 13,831.00 | 13,337.00 | 12,300.00 | 10,185.00 |
|
Gross Profit
|
6,569.00 | 5,932.00 | 8,759.00 | 7,524.00 | 8,732.00 | 7,611.00 |
|
Operating Expenses
|
3,717.00 | 3,883.00 | 3,914.00 | 3,051.00 | 3,623.00 | 3,239.00 |
|
Research & Development
|
625.00 | 686.00 | 617.00 | 539.00 | 503.00 | 419.00 |
|
Selling, General & Administrative
|
3,092.00 | 3,197.00 | 3,297.00 | 2,512.00 | 3,120.00 | 2,820.00 |
|
Other Operating Expenses
|
- | - | - | - | - | - |
|
Operating Income
|
2,852.00 | 2,049.00 | 4,845.00 | 4,473.00 | 5,109.00 | 4,372.00 |
|
Non-Operating Income
|
1,054.00 | -225.00 | 2,761.00 | 181.00 | 2,709.00 | 1,517.00 |
|
Interest Income
|
- | - | - | - | - | - |
|
Interest Expense
|
458.00 | 580.00 | 362.00 | 302.00 | 319.00 | 298.00 |
|
Other Non-Op Income / Expense
|
229.00 | 231.00 | 211.00 | 262.00 | 249.00 | 207.00 |
|
Income Before Tax
|
1,798.00 | 2,274.00 | 2,084.00 | 4,292.00 | 2,400.00 | 2,855.00 |
|
Income Tax Expense
|
314.00 | -3,330.00 | 644.00 | 708.00 | 699.00 | 849.00 |
|
Non-Controlling Interest
|
103.00 | 104.00 | 91.00 | 50.00 | 37.00 | 24.00 |
|
Net Income
|
1,484.00 | 5,604.00 | 1,440.00 | 3,584.00 | 1,701.00 | 2,006.00 |
Supplemental
Per share data, derived & other items — not part of the income statement
in millions USD unless noted
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY | Dec 31, 2020 2020 FY |
|---|---|---|---|---|---|---|
|
Depreciation & Amortization
|
- | - | - | - | - | - |
|
EBITDA
|
2,852.00 | 2,049.00 | 4,845.00 | 4,473.00 | 5,109.00 | 4,372.00 |
|
Earnings Per Share (Basic)
|
1.74 | 6.24 | 1.61 | 4.19 | 1.92 | 2.29 |
|
Diluted EPS
|
1.72 | 6.15 | 1.58 | 4.10 | 1.87 | 2.25 |
|
Weighted Average Shares
|
852.40 | 898.20 | 837.30 | 843.40 | 867.70 | 866.50 |
|
Diluted Weighted Avg Shares
|
862.40 | 911.70 | 853.00 | 861.20 | 890.30 | 880.20 |
|
Comprehensive Income
|
3,321.00 | 4,984.00 | 1,551.00 | 2,835.00 | 1,420.00 | 2,490.00 |