Carrier Global Corporation (CARR) income statement
NYSE · Industrials · Industrial - Machinery · 47,000 employees · CEO David L. Gitlin
- Price
- $53.63 -3.44%
- Market cap
- $43.9B
- Enterprise value
- $54.4B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-02-04 EPS est. $0.62
Carrier Global Corporation (CARR) reported revenue of $6.26B for Q3 '26 (+12.3% year on year), operating income of -$2.27B (-36.3% of revenue) and net income of -$2.59B. Over the last four quarters revenue was $22.8B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.1B | $5.42B | $5.93B | $5.98B | $5.15B | $5.22B | $6.11B | $5.58B | $4.84B | $5.34B | $6.35B | $6.26B | |
| Cost of revenue | $3.67B | $4.04B | $4.36B | $4.31B | $3.8B | $3.77B | $4.34B | $4.13B | $3.88B | $4.1B | $4.62B | $4.58B | |
| Gross profit | $1.43B | $1.39B | $1.58B | $1.68B | $1.34B | $1.45B | $1.77B | $1.45B | $961M | $1.24B | $1.73B | $1.68B | |
| Research & development | $170M | $192M | $160M | $172M | $162M | $153M | $161M | $151M | $160M | $143M | $148M | $154M | |
| General & administrative | $961M | $0 | $789M | $0 | $0 | $0 | $813M | $0 | $0 | $0 | $0 | $758M | |
| Other operating expenses | -$304M | $1M | -$98M | -$57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.04B | |
| Operating expenses | $827M | $1B | $851M | $914M | $965M | $882M | $974M | $954M | $907M | $1B | $958M | $3.96B | |
| Operating income | $607M | $385M | $724M | $763M | $379M | $563M | $795M | $495M | $54M | $240M | $770M | -$2.27B | |
| Interest income | $63M | $15M | $18M | $139M | $37M | $30M | $24M | $19M | $96M | $21M | $0 | $0 | |
| Interest expense | $97M | $156M | $175M | $131M | $118M | $112M | $115M | $116M | $2M | $111M | $105M | $93M | |
| Other non-operating income (gains on investments, FX ...) | -$63M | -$15M | -$18M | -$138M | -$432M | -$97M | -$132M | -$54M | -$66M | -$41M | -$56M | -$3M | |
| Total non-operating income | -$48M | -$141M | -$157M | $7M | $314M | -$15M | $17M | -$62M | -$49M | -$70M | -$49M | -$90M | |
| Income before tax | $559M | $244M | $567M | $770M | $693M | $548M | $812M | $433M | $5M | $170M | $721M | -$2.36B | |
| Income tax | $120M | $47M | $120M | $172M | $723M | $111M | $162M | -$1M | -$32M | -$96M | $180M | $177M | |
| Net income | $420M | $269M | $2.34B | $447M | $2.55B | $412M | $591M | $428M | $53M | $238M | $501M | -$2.59B | |
| EPS (basic) | $0.50 | $0.30 | $2.59 | $0.50 | $2.87 | $0.48 | $0.71 | $0.50 | $0.06 | $0.29 | $0.60 | -$3.16 | |
| EPS (diluted) | $0.49 | $0.29 | $2.55 | $0.49 | $2.82 | $0.47 | $0.70 | $0.50 | $0.06 | $0.28 | $0.60 | -$3.16 | |
| Shares (basic, weighted) | 840M | 899M | 902M | 901M | 890M | 867M | 855M | 849M | 839M | 835M | 832M | 822M | |
| Shares (diluted, weighted) | 854M | 913M | 915M | 915M | 903M | 878M | 866M | 859M | 847M | 843M | 840M | 822M | |
| Depreciation & amortization | $135M | $308M | $294M | $312M | $318M | $303M | $317M | $325M | $329M | $315M | $314M | $324M | |
| EBITDA | $805M | $708M | $1.04B | $1.21B | $1.13B | $963M | $1.24B | $874M | $449M | $596M | $1.14B | -$1.95B |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.8B | $18.9B | $18.6B | $17.5B | $20.6B | $17.3B | $19B | $22.5B | $21.7B | |
| Cost of revenue | $12.6B | $13.3B | $13.2B | $12.3B | $14.6B | $13B | $13.8B | $16.5B | $16.1B | |
| Gross profit | $5.19B | $5.57B | $5.42B | $5.11B | $5.98B | $4.3B | $5.16B | $5.98B | $5.62B | |
| Research & development | $364M | $400M | $401M | $419M | $503M | $416M | $493M | $686M | $625M | |
| General & administrative | $2.58B | $2.69B | $2.76B | $2.82B | $3.12B | $1.98B | $2.61B | $3.2B | $3.09B | |
| Other operating expenses | -$793M | -$1.16B | -$234M | -$1.21B | -$288M | $0 | $0 | $0 | $0 | |
| Operating expenses | $2.16B | $1.93B | $2.93B | $2.03B | $3.34B | $2.39B | $3.1B | $3.88B | $3.72B | |
| Operating income | $3.03B | $3.64B | $2.49B | $3.08B | $2.65B | $1.9B | $2.06B | $2.1B | $1.91B | |
| Interest income | $104M | $121M | $102M | $10M | $13M | $83M | $146M | $209M | $169M | |
| Interest expense | $219M | $84M | $75M | $298M | $319M | $302M | $306M | $580M | $345M | |
| Other non-operating income (gains on investments, FX ...) | -$243M | -$289M | $234M | -$70M | $288M | -$2.22B | -$243M | -$756M | -$349M | |
| Total non-operating income | $24M | $205M | $181M | -$228M | -$245M | $1.92B | -$63M | $176M | -$109M | |
| Income before tax | $3.05B | $3.84B | $2.67B | $2.86B | $2.4B | $3.82B | $2B | $2.27B | $1.8B | |
| Income tax | $1.79B | $1.07B | $517M | $849M | $699M | $616M | $521M | $1.06B | $240M | |
| Net income | $1.23B | $2.73B | $2.12B | $1.98B | $1.66B | $3.53B | $1.35B | $5.6B | $1.48B | |
| EPS (basic) | $0.00 | $3.16 | $2.44 | $2.29 | $1.92 | $4.19 | $1.61 | $6.24 | $1.74 | |
| EPS (diluted) | $0.00 | $3.16 | $2.44 | $2.25 | $1.87 | $4.10 | $1.63 | $6.15 | $1.70 | |
| Shares (basic, weighted) | 866M | 866M | 866M | 867M | 868M | 843M | 837M | 898M | 839M | |
| Shares (diluted, weighted) | 873M | 873M | 866M | 880M | 890M | 861M | 853M | 912M | 847M | |
| Depreciation & amortization | $372M | $357M | $335M | $336M | $338M | $328M | $491M | $1.23B | $1.27B | |
| EBITDA | $3.65B | $4.28B | $2.59B | $3.49B | $2.7B | $4.45B | $2.8B | $4.09B | $3.53B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02