Carrier Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . Carrier Global Corp
CARR Stock  USD 66.61  0.59  0.88%   
Carrier Global financial statements provide useful quarterly and yearly information to potential Carrier Global Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Carrier Global financial statements helps investors assess Carrier Global's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Carrier Global's valuation are summarized below:
Gross Profit
6 B
Profit Margin
0.2492
Market Capitalization
58.1 B
Enterprise Value Revenue
2.9587
Revenue
22.5 B
There are over one hundred nineteen available fundamental signals for Carrier Global Corp, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to validate Carrier Global's prevailing fundamental performance against the performance between 2010 and 2025 to make sure the trends are evolving in the right direction.

Carrier Global Total Revenue

21.78 Billion

Check Carrier Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Carrier Global's main balance sheet or income statement drivers, such as Tax Provision of 731.8 M, Interest Income of 219.4 M or Depreciation And Amortization of 1.3 B, as well as many indicators such as Price To Sales Ratio of 2.86, Dividend Yield of 0.0082 or PTB Ratio of 2.86. Carrier financial statements analysis is a perfect complement when working with Carrier Global Valuation or Volatility modules.
  
Check out the analysis of Carrier Global Correlation against competitors.

Carrier Global Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Other Current Liabilities2.6 B4.3 B1.8 B
Slightly volatile
Total Current Liabilities6.3 B7.9 B5.1 B
Slightly volatile
Other Liabilities2.2 B2.5 B2.7 B
Slightly volatile
Accounts Payable2.5 B2.5 B2.1 B
Slightly volatile
Other Assets1.2 B771.3 M1.3 B
Very volatile
Net Receivables2.5 B2.7 B2.9 B
Very volatile
Common Stock Shares Outstanding963.6 M911.7 M880.1 M
Slightly volatile
Inventory2.1 B2.3 B1.7 B
Slightly volatile
Other Current Assets1.4 B972 M861.2 M
Slightly volatile
Total Current Assets10.5 B9.9 B8.1 B
Slightly volatile
Common Stock7.7 M8.1 M9.4 B
Slightly volatile
Property Plant Equipment2.1 B2.6 B1.9 B
Slightly volatile
Total Assets30.1 B37.4 B24.7 B
Slightly volatile
Total Stockholder Equity8.2 B14.4 B12 B
Slightly volatile
Property Plant And Equipment Net2.9 B3.6 B2.2 B
Slightly volatile
Current Deferred Revenue365.6 M382.5 M454.1 M
Slightly volatile
Cash4 B4 B2.4 B
Slightly volatile
Non Current Assets Total19 B27.5 B16.6 B
Slightly volatile
Non Currrent Assets Other1.8 B1.7 B794.9 M
Slightly volatile
Cash And Short Term Investments4 B4 B2.4 B
Slightly volatile
Good Will11.3 B14.6 B10.1 B
Slightly volatile
Common Stock Total Equity7.7 M8.1 M9.5 B
Slightly volatile
Liabilities And Stockholders Equity30.1 B37.4 B24.7 B
Slightly volatile
Non Current Liabilities Total12 B15.1 B7 B
Slightly volatile
Total Liabilities18.5 B23 B12.3 B
Slightly volatile
Net Invested Capital19.9 B26.4 B16.1 B
Slightly volatile
Long Term Investments1.2 B1.2 B1.6 B
Slightly volatile
Property Plant And Equipment Gross3.6 B6.1 B2.5 B
Slightly volatile
Capital Stock7.7 M8.1 M9.5 B
Slightly volatile
Non Current Liabilities Other1.1 B1.4 B1.2 B
Pretty Stable
Net Working Capital1.9 B2 B2.8 B
Slightly volatile
Short Term Debt43.6 M45.9 M258.6 M
Slightly volatile
Intangible Assets6.8 B6.4 B1.8 B
Slightly volatile
Short and Long Term Debt Total10.5 B11.5 B4.6 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity258.9 M286.2 M318.4 M
Slightly volatile
Retained Earnings6.3 B11.5 B3.2 B
Slightly volatile
Long Term Debt11.8 B11 B10.4 B
Slightly volatile
Retained Earnings Total Equity3.8 B6.7 B2.7 B
Slightly volatile
Short Term Investments1.2 B1.4 B1.5 B
Slightly volatile
Long Term Debt Total7.5 B7.8 B9.5 B
Slightly volatile
Capital Surpluse6 B6.3 B5.5 B
Slightly volatile
Deferred Long Term Liabilities383.2 M431.1 M470 M
Slightly volatile
Short and Long Term Debt1.3 B1.3 B315.1 M
Slightly volatile

Carrier Global Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Tax Provision731.8 M1.1 B1.3 B
Slightly volatile
Interest Income219.4 M209 M106.2 M
Pretty Stable
Depreciation And Amortization1.3 B1.2 B509.6 M
Slightly volatile
Interest Expense609 M580 M264.4 M
Slightly volatile
Selling General Administrative3.1 B3.2 B2.7 B
Slightly volatile
Total Revenue21.8 B22.5 B19.1 B
Slightly volatile
Gross Profit6.2 B6 B5.5 B
Slightly volatile
Other Operating Expenses19.2 B19.8 B16.7 B
Slightly volatile
Operating Income2.1 B2.6 B2.8 B
Slightly volatile
Net Income From Continuing Ops1.6 B1.2 B1.7 B
Slightly volatile
EBIT2.1 B2.9 B2.7 B
Slightly volatile
Research Development540.2 M686 M438.6 M
Slightly volatile
EBITDA2.5 B4.1 B3.1 B
Slightly volatile
Cost Of Revenue15.6 B16.5 B13.6 B
Slightly volatile
Total Operating Expenses3.6 B3.3 B3.2 B
Slightly volatile
Reconciled Depreciation1.3 B1.2 B486.1 M
Slightly volatile
Income Before Tax2.3 B2.3 B2.9 B
Slightly volatile
Net Income Applicable To Common Shares2.4 B4.1 B2 B
Slightly volatile
Net Income2.5 B3.3 B1.8 B
Slightly volatile

Carrier Global Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation75.1 M86 M53.7 M
Slightly volatile
Free Cash Flow1.3 B1.1 B1.7 B
Slightly volatile
Begin Period Cash Flow10.3 B9.9 B2.6 B
Slightly volatile
Depreciation1.3 B1.2 B486.9 M
Slightly volatile
Capital Expenditures389 M519 M343.7 M
Slightly volatile
Total Cash From Operating Activities1.6 B1.6 B2 B
Slightly volatile
Net Income6 B5.7 B2.2 B
Slightly volatile
End Period Cash Flow3.7 B4 B2.5 B
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.862.72661.2124
Slightly volatile
Dividend Yield0.00820.01090.0064
Slightly volatile
PTB Ratio2.864.25922.2865
Slightly volatile
Days Sales Outstanding62.1143.031955.937
Very volatile
Book Value Per Share14.0716.026514.742
Slightly volatile
Free Cash Flow Yield0.01630.01720.1191
Slightly volatile
Operating Cash Flow Per Share2.551.74912.3794
Very volatile
Stock Based Compensation To Revenue0.00280.00380.0028
Slightly volatile
Capex To Depreciation0.40.42130.8147
Slightly volatile
PB Ratio2.864.25922.2865
Slightly volatile
EV To Sales3.213.05971.3001
Slightly volatile
Free Cash Flow Per Share2.11.17121.982
Pretty Stable
ROIC0.04540.04780.0778
Very volatile
Inventory Turnover8.657.17928.085
Slightly volatile
Net Income Per Share2.073.71412.0451
Slightly volatile
Days Of Inventory On Hand38.2450.841345.6226
Slightly volatile
Payables Turnover7.156.71486.7513
Slightly volatile
Sales General And Administrative To Revenue0.150.14220.1533
Slightly volatile
Research And Ddevelopement To Revenue0.01960.03050.0224
Slightly volatile
Capex To Revenue0.01420.02310.0177
Very volatile
Cash Per Share3.154.41882.8357
Slightly volatile
POCF Ratio40.9839.026813.0412
Slightly volatile
Interest Coverage4.334.562114.1104
Pretty Stable
Payout Ratio0.180.20080.1251
Slightly volatile
Capex To Operating Cash Flow0.350.33040.1808
Slightly volatile
PFCF Ratio61.1958.280517.1364
Slightly volatile
Days Payables Outstanding45.5154.357554.1511
Slightly volatile
Income Quality0.260.27521.2443
Slightly volatile
ROE0.180.23170.1633
Slightly volatile
EV To Operating Cash Flow45.9843.793814.156
Slightly volatile
PE Ratio12.5818.378612.3576
Slightly volatile
Return On Tangible Assets0.180.20380.1431
Slightly volatile
EV To Free Cash Flow68.6765.399418.6778
Slightly volatile
Earnings Yield0.05170.05440.1089
Slightly volatile
Intangibles To Total Assets0.50.56230.4828
Slightly volatile
Current Ratio1.311.25331.5194
Slightly volatile
Receivables Turnover5.38.48216.58
Very volatile
Graham Number20.9836.596324.4965
Pretty Stable
Shareholders Equity Per Share13.716.026514.3602
Slightly volatile
Debt To Equity0.70.7960.4892
Slightly volatile
Capex Per Share0.330.57780.3899
Slightly volatile
Revenue Per Share18.3425.034521.6077
Slightly volatile
Interest Debt Per Share6.9813.40244.9892
Slightly volatile
Debt To Assets0.20.30630.1403
Slightly volatile
Enterprise Value Over EBITDA9.3416.8387.7635
Slightly volatile
Short Term Coverage Ratios31.1258.7957.9029
Slightly volatile
Price Earnings Ratio12.5818.378612.3576
Slightly volatile
Operating Cycle83.4193.8731101
Very volatile
Price Book Value Ratio2.864.25922.2865
Slightly volatile
Days Of Payables Outstanding45.5154.357554.1511
Slightly volatile
Dividend Payout Ratio0.180.20080.1251
Slightly volatile
Price To Operating Cash Flows Ratio40.9839.026813.0412
Slightly volatile
Price To Free Cash Flows Ratio61.1958.280517.1364
Slightly volatile
Pretax Profit Margin0.170.10110.1609
Slightly volatile
Ebt Per Ebit1.230.85941.0771
Pretty Stable
Operating Profit Margin0.150.11770.1516
Slightly volatile
Effective Tax Rate0.350.4670.4396
Slightly volatile
Company Equity Multiplier2.232.59832.2005
Slightly volatile
Long Term Debt To Capitalization0.280.44320.1977
Slightly volatile
Total Debt To Capitalization0.30.44320.207
Slightly volatile
Return On Capital Employed0.140.08970.1497
Slightly volatile
Debt Equity Ratio0.70.7960.4892
Slightly volatile
Ebit Per Revenue0.150.11770.1516
Slightly volatile
Quick Ratio1.050.9621.1814
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.261.32135.0771
Slightly volatile
Net Income Per E B T1.541.4670.6614
Slightly volatile
Cash Ratio0.440.50290.4374
Slightly volatile
Cash Conversion Cycle52.139.515747.2372
Very volatile
Operating Cash Flow Sales Ratio0.110.06990.1092
Slightly volatile
Days Of Inventory Outstanding38.2450.841345.6226
Slightly volatile
Days Of Sales Outstanding62.1143.031955.937
Very volatile
Free Cash Flow Operating Cash Flow Ratio0.90.66960.8348
Slightly volatile
Cash Flow Coverage Ratios0.130.13717.3329
Slightly volatile
Price To Book Ratio2.864.25922.2865
Slightly volatile
Fixed Asset Turnover9.066.32879.3134
Slightly volatile
Capital Expenditure Coverage Ratio2.883.0275.9916
Slightly volatile
Price Cash Flow Ratio40.9839.026813.0412
Slightly volatile
Enterprise Value Multiple9.3416.8387.7635
Slightly volatile
Debt Ratio0.20.30630.1403
Slightly volatile
Cash Flow To Debt Ratio0.130.13717.3329
Slightly volatile
Price Sales Ratio2.862.72661.2124
Slightly volatile
Return On Assets0.09410.08920.0731
Slightly volatile
Asset Turnover0.840.60120.7852
Slightly volatile
Net Profit Margin0.0880.14840.0921
Slightly volatile
Gross Profit Margin0.320.2660.29
Very volatile
Price Fair Value2.864.25922.2865
Slightly volatile
Return On Equity0.180.23170.1633
Slightly volatile

Carrier Global Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap49 B55.2 B60.2 B
Slightly volatile

Carrier Fundamental Market Drivers

Forward Price Earnings22.2222
Cash And Short Term Investments4 B

Carrier Upcoming Events

6th of February 2024
Upcoming Quarterly Report
View
23rd of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Carrier Global Financial Statements

Carrier Global shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Carrier Global investors may analyze each financial statement separately, they are all interrelated. The changes in Carrier Global's assets and liabilities, for example, are also reflected in the revenues and expenses on on Carrier Global's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue382.5 M365.6 M
Total Revenue22.5 B21.8 B
Cost Of Revenue16.5 B15.6 B
Sales General And Administrative To Revenue 0.14  0.15 
Research And Ddevelopement To Revenue 0.03  0.02 
Capex To Revenue 0.02  0.01 
Revenue Per Share 25.03  18.34 
Ebit Per Revenue 0.12  0.15 

Pair Trading with Carrier Global

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carrier Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carrier Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Carrier Stock

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Moving against Carrier Stock

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The ability to find closely correlated positions to Carrier Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrier Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carrier Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carrier Global Corp to buy it.
The correlation of Carrier Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carrier Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrier Global Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carrier Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Carrier Stock Analysis

When running Carrier Global's price analysis, check to measure Carrier Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carrier Global is operating at the current time. Most of Carrier Global's value examination focuses on studying past and present price action to predict the probability of Carrier Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrier Global's price. Additionally, you may evaluate how the addition of Carrier Global to your portfolios can decrease your overall portfolio volatility.
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