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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) 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… From the company’s description.

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) 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.

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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