CARR Stock - Carrier Global Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $22.49B | $18.95B | $17.29B | $20.61B | $17.46B |
| Gross Profit | $6.02B | $5.17B | $4.30B | $6.01B | $5.13B |
| Gross Margin | 26.8% | 27.3% | 24.9% | 29.1% | 29.4% |
| Operating Income | $2.65B | $2.16B | $3.98B | $2.65B | $3.08B |
| Net Income | $5.60B | $1.35B | $3.53B | $1.66B | $1.98B |
| Net Margin | 24.9% | 7.1% | 20.4% | 8.1% | 11.4% |
| EPS | $6.24 | $1.61 | $4.19 | $1.92 | $2.29 |
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 14th 2025 | Oppenheimer | Downgrade | Perform | - |
| July 15th 2025 | JP Morgan | Downgrade | Neutral | $79 |
| July 1st 2025 | Melius | Initiation | Hold | $90 |
| May 9th 2025 | Northcoast | Upgrade | Buy | $85 |
| March 5th 2025 | JP Morgan | Upgrade | Overweight | $78← $77 |
| February 24th 2025 | Wolfe Research | Upgrade | Outperform | $80 |
| February 14th 2025 | Mizuho | Upgrade | Outperform | $78 |
| December 12th 2024 | Goldman | Resumed | Buy | $96 |
| November 22nd 2024 | Northcoast | Initiation | Neutral | - |
| November 13th 2024 | UBS | Upgrade | Buy | $94 |
| October 16th 2024 | Stephens | Downgrade | Equal Weight | $85← $75 |
| October 10th 2024 | JP Morgan | Resumed | Neutral | $83← $48 |
| September 6th 2024 | Morgan Stanley | Initiation | Equal Weight | $75 |
| September 6th 2024 | Wolfe Research | Upgrade | Peer Perform | - |
| August 16th 2024 | Oppenheimer | Reiterated | Outperform | $74← $70 |
Earnings History & Surprises
CARREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 10, 2026 | $0.40 | — | — | — |
Q4 2025 | Oct 28, 2025 | $0.63 | $0.67 | +5.7% | ✓ BEAT |
Q3 2025 | Jul 29, 2025 | $0.91 | $0.92 | +1.5% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $0.58 | $0.65 | +11.3% | ✓ BEAT |
Q1 2025 | Feb 11, 2025 | $0.50 | $0.54 | +7.4% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $0.81 | $0.83 | +2.9% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $0.85 | $0.87 | +2.8% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $0.50 | $0.62 | +23.3% | ✓ BEAT |
Q1 2024 | Feb 6, 2024 | $0.51 | $0.53 | +3.9% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $0.78 | $0.89 | +14.1% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.76 | $0.79 | +3.9% | ✓ BEAT |
Q2 2023 | Apr 25, 2023 | $0.48 | $0.52 | +8.3% | ✓ BEAT |
Q1 2023 | Feb 7, 2023 | $0.40 | $0.40 | 0.0% | = MET |
Q4 2022 | Oct 27, 2022 | $0.65 | $0.70 | +7.7% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $0.62 | $0.69 | +11.3% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.47 | $0.54 | +14.9% | ✓ BEAT |
Q1 2022 | Feb 8, 2022 | $0.39 | $0.44 | +12.8% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $0.66 | $0.71 | +7.6% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.55 | $0.64 | +16.4% | ✓ BEAT |
Latest News
Carrier Global To Sell Its Riello Business To Ariston Group; Carrier Expects Gross Proceeds From The Transaction Of ~ $430M
📈 PositiveBarclays Maintains Overweight on Carrier Global, Lowers Price Target to $72
➖ NeutralRBC Capital Maintains Outperform on Carrier Global, Lowers Price Target to $70
➖ NeutralWells Fargo Maintains Equal-Weight on Carrier Global, Lowers Price Target to $59
➖ NeutralCarrier Global Raises Quarterly Dividend From $0.23 To $0.24/Shr
📈 PositiveCarrier Global Form4 Filing Shows Chairman And CEO David L. Gitlin Bought 19,300 Shares At An Average Price Of $52.62/Share
📈 PositiveJP Morgan Maintains Neutral on Carrier Global, Lowers Price Target to $60
➖ NeutralWells Fargo Maintains Equal-Weight on Carrier Global, Lowers Price Target to $62
➖ NeutralCarrier Global Non-GAAP EPS of $0.67 beats by $0.10, revenue of $5.58B beats by $30M
📈 PositiveCarrier Global Lowers FY2025 Adj EPS Guidance from $3.00-$3.10 to $2.65 vs $2.72 Est; Lowers FY2025 Sales Guidance from $23.000B to $22.000B vs $22.229B Est
📉 NegativeCarrier Global Q3 Adj. EPS $0.67 Beats $0.57 Estimate, Sales $5.579B Beat $5.571B Estimate
📈 PositiveCarrier Global Approves $5B Stock Buyback To Boost Shareholder Value
📈 PositiveCarrier Ventures Invests In Net Feasa To Boost Real-Time Container Visibility At Sea And Strengthen Cold Chain Connectivity; No Financial Terms Disclosed
📈 PositiveMizuho Maintains Outperform on Carrier Global, Lowers Price Target to $75
📈 PositiveJP Morgan Maintains Neutral on Carrier Global, Lowers Price Target to $61
➖ NeutralMorgan Stanley Maintains Equal-Weight on Carrier Global, Lowers Price Target to $60
➖ NeutralOppenheimer Downgrades Carrier Global to Perform
📉 NegativeWells Fargo Maintains Equal-Weight on Carrier Global, Lowers Price Target to $65
➖ NeutralCarrier Global Rebrands Global Command Centers As Customer Command Centers To Improve Energy Efficiency, Increase Equipment Uptime, Strengthen Temperature Compliance And Lower Maintenance Costs
📈 PositiveASNS stock has given up its prior gain. Actelis Networks shares were trading higher after the company received an order of approximately $300K for software and services from a Southern Europe telecommunications carrier.
📉 NegativeFrequently Asked Questions about CARR
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