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Companies / Industrials / Carrier Global
CARR

Carrier Global

IndustrialsIndustrial MachineryS&P 500
Ticker CARRPALM BEACH GARDENS, FLFiscal year ends DecemberBook value per share $15.66Diluted shares 839.6M

Carrier Global Corporation (NYSE: CARR) provides heating, cooling, ventilation, building energy management and cold-chain solutions, along with related services including design, installation, system integration, repair, maintenance and monitoring. Its customers include homeowners, building owners and contractors, and… From the company’s description.

In fiscal 2025, Carrier Global reported revenue of $21.75B, down 3.3% from fiscal 2024, and net income of $1.59B. Its operating margin was 10.0%, and operations generated $2.51B in cash. Over the twelve months to Jun 30, 2026, revenue was $22.11B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$21.75BFY2025
−3.3% year over year
Last 12 mo $22.11B
9.99%FY2025
−1.8 percentage points
Last 12 mo 7.79%
$1.59BFY2025
−72.2% year over year
Last 12 mo $1.32B
10.75%FY2025
−29 percentage points
Last 12 mo 9.28%
Cash & financing
$2.51BFY2025
+346.4% year over year
Last 12 mo $2.39B
$2.12BFY2025
+4720.5% year over year
Last 12 mo $1.93B
0.86FY2025
Was 0.87× a year earlier
Last 12 mo 0.91
862.4MFY2025
−5.4% year over year
Last 12 mo 839.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Carrier Global does

In the company’s own words

Carrier Global Corporation (NYSE: CARR) provides heating, cooling, ventilation, building energy management and cold-chain solutions, along with related services including design, installation, system integration, repair, maintenance and monitoring. Its customers include homeowners, building owners and contractors, and businesses in sectors such as healthcare, education, technology, retail, hospitality, infrastructure and transportation. Carrier operates through four reportable segments: Climate Solutions Americas, Climate Solutions Europe, Climate Solutions Asia Pacific, Middle East & Africa, and Climate Solutions Transportation. The first three serve regional building and home climate markets; the transportation segment provides equipment and services for preserving perishable cargo in trucks, trailers, shipping containers and intermodal transport. Its brands include Carrier, Viessmann, Toshiba, Automated Logic, Bryant, Carrier Transicold and Sensitech. In 2025, net sales were $21.7 billion, and the company had approximately 47,000 employees worldwide at year-end. Carrier became an independent publicly traded company in 2020 after its spin-off from United Technologies Corporation. Its website is www.carrier.com.

Company details
Sector
Industrials
Industry (SIC)
Industrial Machinery
Headquarters
PALM BEACH GARDENS, FL
Fiscal year end
December
CIK
1783180
SIC
3585

Financial performance, year by year

Fiscal 2020–2025 · USD
$-2.25B$4.50B$11.24B$17.99B$24.73B202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Carrier Global — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

726
funds hold it
1 of 35
superinvestors hold it
$25.99B
held by funds, at market
44.6%
of shares held by funds
11
bond issues held by funds

Superinvestors in Carrier Global · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Carrier Global’s weight in each

1.13%of fund net assets
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.08%of fund net assets
Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
1.26%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.09%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Carrier Global’s bonds, as funds hold them

Funds report holding 11 issues of Carrier Global’s debt, $933.38M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.64%, maturing 2027 to 2054.

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.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Carrier Global and its peers compare on margins and cash generation over ten years?”
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