Carrier Global Corporation (CARR) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	22.1B	21.7B	22.5B	19.0B	17.3B
Cost of Revenue	16.7B	16.1B	16.5B	13.8B	13.0B
Gross Profit	5.4B	5.6B	6.0B	5.2B	4.3B
Operating Expenses
R&D Expense	602.0M	625.0M	686.0M	493.0M	416.0M
SG&A Expense	3.2B	3.1B	3.2B	2.6B	2.0B
General & Admin Expense	—	3.1B	3.2B	2.6B	2.0B
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	—	—	—	—	—
Total Operating Expenses	3.8B	3.7B	3.9B	3.1B	2.4B
Cost and Expenses	20.5B	19.8B	20.4B	16.9B	15.4B
Operating Income (EBIT)	1.6B	1.9B	2.1B	2.1B	1.9B
Non-Operating
Interest Income	136.0M	169.0M	209.0M	146.0M	83.0M
Interest Expense	334.0M	345.0M	580.0M	306.0M	302.0M
Net Interest Income	(198.0M)	(176.0M)	(371.0M)	(160.0M)	(219.0M)
Other Non-Op Income/Expense	(230.0M)	(109.0M)	176.0M	(63.0M)	1.9B
Non-Operating Income (excl Interest)	(217.0M)	(349.0M)	(756.0M)	(243.0M)	(2.2B)
EBT (Pre-Tax Income)	1.3B	1.8B	2.3B	2.0B	3.8B
Income Tax Expense	51.0M	240.0M	1.1B	521.0M	616.0M
Bottom Line
Net Income	1.2B	1.5B	5.6B	1.3B	3.5B
Earnings from Cont. Ops	1.3B	1.6B	1.2B	1.5B	3.2B
Earnings from Discont. Ops	45.0M	29.0M	4.5B	(38.0M)	377.0M
Bottom Line Net Income	1.2B	1.5B	5.6B	1.3B	3.5B
Per Share
Basic EPS	$1.45	$1.74	$6.24	$1.61	$4.19
Diluted EPS	$1.44	$1.70	$6.15	$1.63	$4.10
Revenue Per Share	$26.59	$25.91	$25.03	$22.63	$20.50
Shares
Basic Shares Outstanding	831.5M	839.2M	898.2M	837.3M	843.4M
Diluted Shares Outstanding	839.6M	846.7M	911.7M	853.0M	861.2M
Profitability Metrics
EBITDA	2.7B	3.5B	4.1B	2.8B	4.5B
D&A	969.0M	1.3B	1.2B	491.0M	328.0M
EBIT	1.8B	2.3B	2.9B	2.3B	4.1B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026