$CARR Market Cap: $52.5 Billion
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Financial Snapshot

Revenue
$24.00B
TTM
Gross Margin
27.57%
TTM
Net Earnings
$5.636B
TTM
Current Assets
$9.891B
Q4 2024
Current Liabilities
$7.892B
Q4 2024
Current Ratio
125.33%
Q4 2024
Total Assets
$37.40B
Q4 2024
Total Liabilities
$23.01B
Q4 2024
Book Value
$14.40B
Q4 2024
Cash
$3.969B
Q4 2024
P/E
9.316
Apr 09, 2025 EST
Free Cash Flow
$364.0M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Revenue $22.49B $22.10B $20.42B $20.61B $17.46B $18.61B $18.91B $17.81B
YoY Change 1.76% 8.21% -0.93% 18.09% -6.19% -1.62% 6.17%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Revenue $22.49B $22.10B $20.42B $20.61B $17.46B $18.61B $18.91B $17.81B
Cost Of Revenue $16.51B $15.70B $14.95B $14.61B $12.33B $13.15B $13.31B $12.58B
Gross Profit $5.981B $6.401B $5.473B $6.008B $5.129B $5.455B $5.605B $5.233B
Gross Profit Margin 26.6% 28.97% 26.8% 29.15% 29.38% 29.32% 29.63% 29.38%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operating Profits/Loss YoY Change

Operating Earnings to Gross Profit Ratio

Operating Profit Margin

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $3.197B $3.297B $2.512B $3.120B $2.820B $2.761B $2.689B $2.521B
YoY Change -3.03% 31.25% -19.49% 10.64% 2.14% 2.68% 6.66%
% of Gross Profit 53.45% 51.51% 45.9% 51.93% 54.98% 50.61% 47.98% 48.18%
Research & Development $686.0M $617.0M $539.0M $503.0M $419.0M $401.0M $400.0M $364.0M
YoY Change 11.18% 14.47% 7.16% 20.05% 4.49% 0.25% 9.89%
% of Gross Profit 11.47% 9.64% 9.85% 8.37% 8.17% 7.35% 7.14% 6.96%
Depreciation & Amortization $1.232B $542.0M $380.0M $338.0M $336.0M $335.0M $357.0M $372.0M
YoY Change 127.31% 42.63% 12.43% 0.6% 0.3% -6.16% -4.03%
% of Gross Profit 20.6% 8.47% 6.94% 5.63% 6.55% 6.14% 6.37% 7.11%
Operating Expenses $3.883B $3.914B $3.051B $3.623B $3.239B $3.162B $3.089B $2.689B
YoY Change -0.79% 28.29% -15.79% 11.86% 2.44% 2.36% 14.88%
Operating Profit $2.646B $2.296B $4.515B $2.645B $3.083B $2.491B $3.637B $2.544B
YoY Change 15.24% -49.15% 70.7% -14.21% 23.77% -31.51% 42.96%
Operating Profit To Gross Profit 44.24% 35.87% 82.5% 44.02% 60.11% 45.66% 64.89% 48.61%
Operating Profit To Revenue 11.77% 10.39% 22.11% 12.83% 17.66% 13.39% 19.23% 14.28%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Interest Expense -$371.0M -$211.0M -$219.0M -$306.0M -$288.0M $27.00M $37.00M $482.0M
YoY Change 75.83% -3.65% -28.43% 6.25% -1166.67% -27.03% -92.32%
% of Operating Profit -14.02% -9.19% -4.85% -11.57% -9.34% 1.08% 1.02% 18.95%
Other Income/Expense, Net -$1.000M -$1.000M -$4.000M $61.00M $60.00M $154.0M $168.0M $139.0M
YoY Change 0.0% -75.0% -106.56% 1.67% -61.04% -8.33% 20.86%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Pretax Income $2.274B $2.084B $4.292B $2.400B $2.855B $2.672B $3.842B $3.054B
YoY Change 9.12% -51.44% 78.83% -15.94% 6.85% -30.45% 25.8%
Income Tax $1.062B $644.0M $708.0M $699.0M $849.0M $517.0M $1.073B $1.787B
% Of Pretax Income 46.7% 30.9% 16.5% 29.13% 29.74% 19.35% 27.93% 58.51%
Net Earnings $5.604B $1.440B $3.584B $1.701B $2.006B $2.155B $2.769B $1.227B
YoY Change 289.17% -59.82% 110.7% -15.2% -6.91% -22.17% 125.67%
Net Earnings / Revenue 24.92% 6.52% 17.55% 8.25% 11.49% 11.58% 14.64% 6.89%
Basic Earnings Per Share $6.24 $1.61 $4.19 $1.92 $2.29 $2.44 $3.16
Diluted Earnings Per Share $6.15 $1.58 $4.10 $1.87 $2.25 $2.44 $3.16 $1.417M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $3.969B $10.02B $3.520B $2.987B $3.115B $952.0M $1.129B
YoY Change -60.37% 184.52% 17.84% -4.11% 227.21% -15.68%
Cash & Equivalents $3.969B $10.02B $3.520B $2.987B $3.115B $952.0M $1.129B
Short-Term Investments
Other Short-Term Assets $606.0M $3.761B $349.0M $3.544B $343.0M $327.0M $378.0M
YoY Change -83.89% 977.65% -90.15% 933.24% 4.89% -13.49%
Inventory $2.299B $2.217B $2.640B $1.970B $1.629B $1.332B $1.363B
Prepaid Expenses
Receivables $3.017B $2.787B $3.370B $2.906B $3.295B $3.348B $3.239B
Other Receivables $0.00 $0.00 $0.00 $0.00 $142.0M $0.00 $0.00
Total Short-Term Assets $9.891B $18.78B $9.879B $11.41B $8.524B $5.959B $6.109B
YoY Change -47.33% 90.1% -13.4% 33.82% 43.04% -2.46%
Property, Plant & Equipment $3.553B $2.784B $2.883B $2.466B $2.598B $2.495B $1.653B
YoY Change 27.62% -3.43% 16.91% -5.08% 4.13% 50.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.194B $1.140B $1.148B $1.593B $1.513B $1.739B $1.770B
YoY Change 4.74% -0.7% -27.93% 5.29% -13.0% -1.75%
Other Assets $1.667B $336.0M $239.0M $215.0M $735.0M $746.0M $744.0M
YoY Change 396.13% 40.59% 11.16% -70.75% -1.47% 0.27%
Total Long-Term Assets $27.51B $14.04B $16.21B $14.77B $16.57B $16.45B $15.63B
YoY Change 95.93% -13.36% 9.77% -10.89% 0.74% 5.24%
Total Assets $37.40B $32.82B $26.09B $26.17B $25.09B $22.41B $21.74B
YoY Change
Accounts Payable $2.458B $2.742B $2.833B $2.334B $1.936B $1.701B $1.944B
YoY Change -10.36% -3.21% 21.38% 20.56% 13.82% -12.5%
Accrued Expenses $3.629B $2.811B $2.610B $2.561B $2.085B $2.325B $2.074B
YoY Change 29.1% 7.7% 1.91% 22.83% -10.32% 12.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.252B $51.00M $140.0M $183.0M $191.0M
YoY Change 2354.9% -63.57% -23.5% -4.19%
Total Short-Term Liabilities $7.892B $6.891B $6.032B $6.627B $5.110B $4.469B $4.466B
YoY Change 14.53% 14.24% -8.98% 29.69% 14.34% 0.07%
Long-Term Debt $11.03B $14.24B $8.702B $9.513B $10.04B $0.00 $0.00
YoY Change -22.58% 63.66% -8.53% -5.21%
Other Long-Term Liabilities $2.075B $2.149B $2.708B $2.584B $2.890B $2.403B $1.722B
YoY Change -3.44% -20.64% 4.8% -10.59% 20.27% 39.55%
Total Long-Term Liabilities $13.10B $16.39B $11.41B $12.10B $12.93B $2.403B $1.722B
YoY Change -20.07% 43.65% -5.68% -6.41% 437.91% 39.55%
Total Liabilities $23.32B $24.15B $18.33B $19.41B $18.84B $8.304B $7.820B
YoY Change -3.41% 31.74% -5.55% 2.99% 126.89% 6.19%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 898.2M shares 837.3M shares 843.4M shares 867.7M shares 866.5M shares 866.2M shares 866.2M shares
Diluted Shares Outstanding 911.7M shares 853.0M shares 861.2M shares 890.3M shares 880.2M shares 866.2M shares 866.2M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $52.505 Billion

About CARRIER GLOBAL Corp

Carrier Global Corp. engages in the provision of building and cold chain solutions. The company is headquartered in Palm Beach Gardens, Florida and currently employs 48,000 full-time employees. The company went IPO on 2020-03-17. The firm operates through two segments: HVAC and Refrigeration. The HVAC segment provides products, controls, services and solutions to meet the heating, cooling and ventilation needs of its customers while enhancing building performance, health and energy efficiency. The products and services in the segment include air conditioners, heating systems, heat pumps, building automation systems, aftermarket components, repair and maintenance services and rentals, as well as modernization and upgrades. The Refrigeration segment provides products, services and monitoring for reliable transport and preservation of food, medicine and other perishable cargo. Its portfolio includes brands, such as Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO and Riello.

Industry: Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip Peers: Advanced Drainage Systems Inc Builders FirstSource Inc CARLISLE COMPANIES INC Fortune Brands Innovations Inc Lennox International Inc Masco Corp Owens Corning A O Smith Corp Trex Company Inc