Carrier Financial Statements From 2010 to 2025

CARR Stock  USD 69.66  0.08  0.11%   
Carrier Global financial statements provide useful quarterly and yearly information to potential Carrier Global Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Carrier Global financial statements helps investors assess Carrier Global's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Carrier Global's valuation are summarized below:
Gross Profit
B
Profit Margin
0.14
Market Capitalization
62.6 B
Enterprise Value Revenue
2.9185
Revenue
24.8 B
There are over one hundred nineteen available fundamental signals for Carrier Global Corp, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to validate Carrier Global's prevailing fundamental performance against the performance between 2010 and 2025 to make sure the trends are evolving in the right direction.

Carrier Global Total Revenue

21.36 Billion

Check Carrier Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Carrier Global's main balance sheet or income statement drivers, such as Tax Provision of 715 M, Interest Income of 61.9 M or Depreciation And Amortization of 475.2 M, as well as many indicators such as Price To Sales Ratio of 1.11, Dividend Yield of 0.0082 or PTB Ratio of 2.79. Carrier financial statements analysis is a perfect complement when working with Carrier Global Valuation or Volatility modules.
  
Check out the analysis of Carrier Global Correlation against competitors.

Carrier Global Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Other Current Liabilities2.3 B3.4 B1.7 B
Slightly volatile
Total Current Liabilities5.9 B7.9 B5.1 B
Slightly volatile
Other Liabilities2.2 B2.5 B2.7 B
Slightly volatile
Accounts Payable2.4 B3.2 B2.1 B
Slightly volatile
Other Assets1.2 B771.3 M1.3 B
Very volatile
Net Receivables2.5 B2.5 B2.9 B
Very volatile
Common Stock Shares Outstanding696.7 M767.7 M854.4 M
Slightly volatile
InventoryB2.5 B1.7 B
Slightly volatile
Other Current Assets4.5 B4.3 B1.3 B
Slightly volatile
Total Current Assets22.7 B21.6 B9.6 B
Slightly volatile
Common Stock7.7 M8.1 M9.4 B
Slightly volatile
Property Plant Equipment2.1 B2.6 B1.9 B
Slightly volatile
Total Assets28.3 B37.7 B24.6 B
Slightly volatile
Total Stockholder Equity7.7 B7.8 B11.5 B
Slightly volatile
Property Plant And Equipment Net2.7 B3.2 B2.1 B
Slightly volatile
Current Deferred Revenue365.6 M382.5 M454.1 M
Slightly volatile
Cash12.1 B11.5 B3.4 B
Slightly volatile
Non Current Assets Total12.5 B12.6 B15.2 B
Slightly volatile
Non Currrent Assets Other428.7 M325.8 M620.1 M
Slightly volatile
Cash And Short Term Investments12.1 B11.5 B3.4 B
Slightly volatile
Good Will7.6 B7.2 B9.4 B
Slightly volatile
Common Stock Total Equity7.7 M8.1 M9.5 B
Slightly volatile
Liabilities And Stockholders Equity28.3 B37.7 B24.6 B
Slightly volatile
Non Current Liabilities Total11.2 B19.5 B7.2 B
Slightly volatile
Total Liabilities17.4 B27.4 B12.5 B
Slightly volatile
Net Invested Capital18.4 B26.4 B16 B
Slightly volatile
Long Term Investments1.2 BB1.6 B
Slightly volatile
Property Plant And Equipment Gross3.1 B5.8 B2.5 B
Slightly volatile
Capital Stock7.7 M8.1 M9.5 B
Slightly volatile
Non Current Liabilities Other1.1 B1.4 B1.2 B
Pretty Stable
Net Working Capital14.4 B13.7 B4.3 B
Slightly volatile
Short Term Debt43.6 M45.9 M258.6 M
Slightly volatile
Intangible Assets828.4 M925.2 M1.1 B
Slightly volatile
Short and Long Term Debt Total10.1 B16.9 B4.9 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity258.9 M286.2 M318.4 M
Slightly volatile
Retained Earnings4.7 B7.6 B2.9 B
Slightly volatile
Long Term Debt11.7 B16.4 B10.7 B
Slightly volatile
Retained Earnings Total Equity3.8 B6.7 B2.7 B
Slightly volatile
Short Term Investments1.2 B1.4 B1.5 B
Slightly volatile
Long Term Debt Total7.5 B7.8 B9.5 B
Slightly volatile
Capital SurpluseB6.3 B5.5 B
Slightly volatile
Deferred Long Term Liabilities383.2 M431.1 M470 M
Slightly volatile
Short and Long Term Debt43.6 M45.9 M160.3 M
Slightly volatile

Carrier Global Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Tax Provision715 M560.7 M1.3 B
Slightly volatile
Interest Income61.9 M98.1 M89.4 M
Slightly volatile
Depreciation And Amortization475.2 M623.3 M420.4 M
Slightly volatile
Interest Expense237 M242.7 M220 M
Pretty Stable
Selling General AdministrativeB3.5 B2.7 B
Slightly volatile
Total Revenue21.4 B25.4 B19.2 B
Slightly volatile
Gross Profit6.1 B7.3 B5.6 B
Slightly volatile
Other Operating Expenses18.8 B22.6 B16.9 B
Slightly volatile
Operating Income2.1 B2.1 B2.8 B
Slightly volatile
Net Income From Continuing Ops2.3 B1.5 B1.7 B
Slightly volatile
EBIT2.1 B2.1 B2.6 B
Slightly volatile
Research Development509.6 M709.5 M438.1 M
Slightly volatile
EBITDA2.3 B2.1 BB
Slightly volatile
Cost Of Revenue15.2 B18.1 B13.7 B
Slightly volatile
Total Operating Expenses3.6 B4.5 B3.2 B
Slightly volatile
Reconciled Depreciation416.1 M609.5 M392.4 M
Slightly volatile
Income Before Tax2.4 B1.9 B2.9 B
Slightly volatile
Net Income Applicable To Common Shares2.4 B4.1 BB
Slightly volatile
Net Income2.3 B1.7 B1.7 B
Slightly volatile
Selling And Marketing Expenses855 K900 K45.5 M
Slightly volatile

Carrier Global Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation72.3 M96.6 M54.2 M
Slightly volatile
Free Cash Flow1.9 B2.5 B1.8 B
Slightly volatile
Begin Period Cash Flow2.2 B4.1 B1.8 B
Slightly volatile
Depreciation418 M623.3 M394.1 M
Slightly volatile
Dividends Paid748.6 M713 M282.9 M
Slightly volatile
Capital Expenditures363 M539.4 M343.4 M
Slightly volatile
Total Cash From Operating Activities2.3 BB2.1 B
Slightly volatile
Net Income2.3 B1.7 B1.7 B
Slightly volatile
End Period Cash Flow12.1 B11.5 B3.5 B
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.111.961.0551
Slightly volatile
Dividend Yield0.00820.01160.0064
Slightly volatile
PTB Ratio2.794.992.3278
Slightly volatile
Days Sales Outstanding64.2152.9456.6875
Pretty Stable
Book Value Per Share13.5612.3714.4816
Slightly volatile
Free Cash Flow Yield0.04860.05110.1232
Slightly volatile
Operating Cash Flow Per Share1.922.82.4057
Very volatile
Stock Based Compensation To Revenue0.00280.00340.0028
Slightly volatile
Capex To Depreciation0.70.780.8558
Pretty Stable
PB Ratio2.794.992.3278
Slightly volatile
EV To Sales1.252.151.1207
Slightly volatile
Free Cash Flow Per Share1.622.32.0226
Very volatile
ROIC0.10.07020.0826
Slightly volatile
Inventory Turnover8.768.158.1526
Pretty Stable
Net Income Per Share1.941.451.8955
Slightly volatile
Days Of Inventory On Hand37.8946.3445.3194
Pretty Stable
Payables Turnover7.126.596.7417
Slightly volatile
Sales General And Administrative To Revenue0.150.170.155
Slightly volatile
Research And Ddevelopement To Revenue0.0190.02510.0221
Slightly volatile
Capex To Revenue0.01350.01910.0174
Pretty Stable
Cash Per Share11.310.763.7414
Slightly volatile
POCF Ratio10.7416.619.7502
Slightly volatile
Interest Coverage6.937.2914.4434
Pretty Stable
Payout Ratio0.430.410.1538
Slightly volatile
Capex To Operating Cash Flow0.130.160.1564
Pretty Stable
PFCF Ratio12.9920.2511.747
Slightly volatile
Days Payables Outstanding45.857.3254.3544
Slightly volatile
Income Quality0.891.631.3683
Slightly volatile
ROE0.180.140.1576
Slightly volatile
EV To Operating Cash Flow12.118.2210.4402
Slightly volatile
PE Ratio33.732.0914.5345
Slightly volatile
Return On Tangible Assets0.06190.06520.127
Very volatile
EV To Free Cash Flow14.6622.2112.6028
Slightly volatile
Earnings Yield0.03060.03230.1062
Slightly volatile
Intangibles To Total Assets0.480.320.4664
Slightly volatile
Current Ratio1.362.451.5974
Slightly volatile
Receivables Turnover5.17.146.4836
Pretty Stable
Graham Number27.2122.2923.9917
Very volatile
Shareholders Equity Per Share13.1311.9214.0679
Slightly volatile
Debt To Equity1.61.520.5907
Slightly volatile
Capex Per Share0.310.50.3838
Slightly volatile
Revenue Per Share18.123.7521.5124
Slightly volatile
Interest Debt Per Share16.9816.175.7872
Slightly volatile
Debt To Assets0.420.40.1599
Slightly volatile
Enterprise Value Over EBITDA8.7615.97.6686
Slightly volatile
Short Term Coverage Ratios31.1258.7957.9029
Slightly volatile
Price Earnings Ratio33.732.0914.5345
Slightly volatile
Operating Cycle84.5987.77100
Very volatile
Price Book Value Ratio2.794.992.3278
Slightly volatile
Days Of Payables Outstanding45.857.3254.3544
Slightly volatile
Dividend Payout Ratio0.430.410.1538
Slightly volatile
Price To Operating Cash Flows Ratio10.7416.619.7502
Slightly volatile
Price To Free Cash Flows Ratio12.9920.2511.747
Slightly volatile
Pretax Profit Margin0.180.110.162
Slightly volatile
Ebt Per Ebit0.930.821.0559
Pretty Stable
Operating Profit Margin0.150.120.1517
Slightly volatile
Effective Tax Rate0.330.360.4317
Slightly volatile
Company Equity Multiplier2.253.42.2519
Slightly volatile
Long Term Debt To Capitalization0.590.560.2244
Slightly volatile
Total Debt To Capitalization0.290.570.2143
Slightly volatile
Return On Capital Employed0.150.10.151
Slightly volatile
Debt Equity Ratio1.61.520.5907
Slightly volatile
Ebit Per Revenue0.150.120.1517
Slightly volatile
Quick Ratio1.092.161.2588
Slightly volatile
Dividend Paid And Capex Coverage Ratio5.282.755.4177
Slightly volatile
Net Income Per E B T0.540.580.5435
Slightly volatile
Cash Ratio1.371.310.546
Slightly volatile
Cash Conversion Cycle53.3438.9247.2775
Very volatile
Operating Cash Flow Sales Ratio0.120.140.1142
Pretty Stable
Days Of Inventory Outstanding37.8946.3445.3194
Pretty Stable
Days Of Sales Outstanding64.2152.9456.6875
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.920.940.8529
Slightly volatile
Cash Flow Coverage Ratios0.190.27.3406
Slightly volatile
Price To Book Ratio2.794.992.3278
Slightly volatile
Fixed Asset Turnover9.369.139.5073
Slightly volatile
Capital Expenditure Coverage Ratio7.066.396.4631
Pretty Stable
Price Cash Flow Ratio10.7416.619.7502
Slightly volatile
Enterprise Value Multiple8.7615.97.6686
Slightly volatile
Debt Ratio0.420.40.1599
Slightly volatile
Cash Flow To Debt Ratio0.190.27.3406
Slightly volatile
Price Sales Ratio1.111.961.0551
Slightly volatile
Return On Assets0.09350.04730.0704
Slightly volatile
Asset Turnover0.860.770.797
Slightly volatile
Net Profit Margin0.0880.05490.0863
Slightly volatile
Gross Profit Margin0.320.330.294
Slightly volatile
Price Fair Value2.794.992.3278
Slightly volatile
Return On Equity0.180.140.1576
Slightly volatile

Carrier Fundamental Market Drivers

Forward Price Earnings22.779
Cash And Short Term Investments10 B

Carrier Upcoming Events

6th of February 2024
Upcoming Quarterly Report
View
23rd of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Carrier Global Financial Statements

Carrier Global shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Carrier Global investors may analyze each financial statement separately, they are all interrelated. The changes in Carrier Global's assets and liabilities, for example, are also reflected in the revenues and expenses on on Carrier Global's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue382.5 M365.6 M
Total Revenue25.4 B21.4 B
Cost Of Revenue18.1 B15.2 B
Sales General And Administrative To Revenue 0.17  0.15 
Research And Ddevelopement To Revenue 0.03  0.02 
Capex To Revenue 0.02  0.01 
Revenue Per Share 23.75  18.10 
Ebit Per Revenue 0.12  0.15 

Pair Trading with Carrier Global

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carrier Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carrier Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Carrier Stock

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Moving against Carrier Stock

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The ability to find closely correlated positions to Carrier Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrier Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carrier Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carrier Global Corp to buy it.
The correlation of Carrier Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carrier Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrier Global Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carrier Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Carrier Stock Analysis

When running Carrier Global's price analysis, check to measure Carrier Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carrier Global is operating at the current time. Most of Carrier Global's value examination focuses on studying past and present price action to predict the probability of Carrier Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrier Global's price. Additionally, you may evaluate how the addition of Carrier Global to your portfolios can decrease your overall portfolio volatility.