CARR

CARRIER GLOBAL Corp

Ticker: CARRIndustrialsIndustrial MachineryS&P 500
HQ PALM BEACH GARDENS, FLCIK 1783180FY end 12-31Book / share $15.66Shares 840M
Revenue (FY)
$21.75B-3.29%
TTM $22.11B
Op. margin
9.99%-1.78%
TTM 7.79%
Net income
$1.59B-72.20%
TTM $1.32B
Operating cash
$2.51B+346.36%
TTM $2.39B
Free cash flow
$2.12B+4720.45%
TTM $1.93B
Return on equity
10.75%-29.05%
TTM 9.28%
Debt / equity
0.86-0.01%
TTM 0.91
Shares outstanding
862.4M-5.41%
TTM 839.6M

The business

Carrier Global Corporation (NYSE: CARR) operates as a global leader in intelligent climate and energy solutions, providing differentiated, digitally-enabled lifecycle offerings to customers worldwide. The company maintains its principal website at www.carrier.com and employs approximately 47,000 people across more than 52 countries, with 34% of its workforce in the Americas, 36% in Europe, and 30% in Asia Pacific, Middle East & Africa.

The company's portfolio encompasses industry-leading brands including Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Carrier Transicold, and Sensitech. These brands deliver innovative heating, cooling, ventilation, and cold chain solutions alongside comprehensive building services encompassing audit, design, installation, system integration, repair, maintenance, and monitoring capabilities.

Carrier operates through four reportable segments: Climate Solutions Americas, Climate Solutions Europe, Climate Solutions Asia Pacific, Middle East & Africa, and Climate Solutions Transportation. The company serves diverse markets including residential, commercial, education, healthcare, technology, retail, hospitality, data center, and infrastructure sectors. New equipment comprises 72% of net sales while parts and service represent 28%, with international operations accounting for approximately 52% of total revenues.

The company's business strategy centers on delivering differentiated products through industry-leading brands, offering digitally-enabled lifecycle solutions that enhance customer relationships throughout product lifecycles, expanding portfolio capabilities with systems solutions addressing renewable energy transitions, and maintaining disciplined strategic capital allocation prioritizing organic growth, targeted acquisitions, and shareholder returns.

Carrier was spun off from United Technologies Corporation on April 3, 2020, establishing itself as an independent publicly traded company. The company subsequently transformed its portfolio through significant acquisitions, including the January 2024 acquisition of Viessmann's climate solutions business, and strategic divestitures of non-core operations. The company maintains approximately 58 joint ventures globally, which are integral to distribution, manufacturing, and product development activities. Carrier's competitive advantages derive from its iconic brand portfolio, extensive innovation track record, global operational scale, and comprehensive service capabilities supporting customers throughout product lifecycles.

Sector
Industrials
Industry
Industrial Machinery
HQ
PALM BEACH GARDENS, FL
FY end
12-31
CIK
1783180
SIC
3585
Financial performance · annual
20202025
$-2.25B$4.50B$11.24B$17.99B$24.73B202020212022202320242025TTMTTMTTM

Ownership

Who holds CARRIER GLOBAL Corp — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

726
funds hold it
1 of 35
superinvestors hold it
$25.99B
fund-held value
44.6%
of shares held by funds
11
bond issues held by funds

Top fund holders

Fund% of fundValue
Investment Co of America
AIVSX
1.13%$2.08B
American Mutual Fund
AMRMX
1.67%$1.92B
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.08%$1.84B
Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
1.26%$1.49B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.09%$1.48B

Superinvestors in CARRIER GLOBAL Corp

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.1%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 11 issues of CARRIER GLOBAL Corp's debt, $933.38M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 3.64%, maturing 20272054.

IssueCouponMaturesFundsFund-held
CARR 2.722 02/15/302.720%2030-02-15103$328.00M
CARRIER GLOBAL5.900%2034-03-15109$176.41M
CARRIER GLOBAL3.377%2040-04-0564$108.53M
CARR 2.7 02/15/312.700%2031-02-1563$99.35M
CARR 2.493 02/15/272.493%2027-02-1545$84.28M
CARR 3.577 04/05/503.577%2050-04-0553$54.38M
CARR 6.2 03/15/546.200%2054-03-1557$37.74M
Carrier Global Corp4.500%2032-11-2911$29.49M
CARR 4.125 05/29/284.125%2028-05-296$8.91M
CARRIER GLOBAL3.625%2037-01-152$6.13M

The 10 largest by fund-held value, of 11.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of CARRIER GLOBAL Corp's financials

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