MARKETS / NYSE / CARR
NYSE · AIR-COND & WARM AIR HEATG EQUIP & COMM & INDL REFRIG EQUIP · LARGE CAP

Carrier Global Corporation CARR

8 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$21.7B
▼ 3.3% vs FY2024
EPS · FY25
$1.72
Dividend / sh · FY25
$0.68
Payout · FY25
52%
ROE · FY25
Net margin · FY25
6.8%
Dividend coverage
2.5×
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Result
USD 21.7B
Revenue, FY2025 · full 8-year series below
Revenue Net income
8162421.71.52018202120242025
8162421.71.52018202120242025

7 cents of every revenue dollar became profit this year.

Per share
USD 1.72
Diluted EPS, FY2025
EPS Dividend
2.557.50.681.722018202120242025
2.557.50.681.722018202120242025

Earnings covered the dividend 2.5 times — the rest stayed in the company.

Profitability
Return on equity, FY2025
ROE
0.250.50.7512018202120242025
0.250.50.7512018202120242025
Operating margin10.0%
Net margin6.8%
Return on assets4.0%

Returned to shareholders
USD 3.7B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 772.0M
Net buybacksUSD 2.9B
Share of profit246.9%
Consecutive raises

USD 772.0M in dividends and USD 2.9B in buybacks — 247% of the year's profit, so the payout drew on cash built up earlier.

Growth
+4.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+7.9%
+4.5%
Net income
−25.1%
−5.8%
EPS, diluted
−25.1%
−5.2%
Dividend / share
+2.1%
+19.2%
Returned to shareholders
+24.7%
+92.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.84B
Shares outstanding, FY2025
0.870.842018202120242025
0.870.842018202120242025
Change, 5 years−3.7%
Change, 10 years

The share count shrank 4% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 37.2B
total assets, end of FY2025
Total assetsUSD 37.2B
CashUSD 1.6B
Gross debtUSD 11.5B
Net debtUSD 9.9B
Current ratio1.20×

History
8 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
Revenue $B
21.7
22.5
19.0
17.3
20.6
17.5
18.6
18.9
Operating income $B
2.2
2.6
2.2
4.0
2.6
3.1
2.5
3.6
EBITDA $B
3.4
3.9
2.7
4.3
3.0
3.4
2.8
4.0
Income tax $B
0.2
1.1
0.5
0.6
0.7
0.8
0.5
1.1
Net income $B
1.5
5.6
1.3
3.5
1.7
2.0
2.2
2.8
EPS, diluted $
1.72
6.15
1.58
4.10
1.87
2.25
2.44
3.16
Dividend / sh $
0.68
0.80
0.74
0.64
0.51
0.28
·
·
Payout %
52
12
46
14
25
7
0
0
ROE %
·
·
·
·
·
·
·
·
Shares out B
0.84
0.88
0.84
0.83
0.86
0.87
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
22 of 22
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed