CARRIER GLOBAL Corp (CARR) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	22.8B	21.7B	22.5B	19.0B	17.3B
Cost of Revenue	17.2B	16.1B	16.5B	13.8B	13.0B
Gross Profit	5.6B	5.6B	6.0B	5.2B	4.3B
Operating Expenses
R&D Expense	605.0M	625.0M	686.0M	493.0M	416.0M
SG&A Expense	3.2B	3.1B	3.2B	2.6B	2.0B
General & Admin Expense	758.0M	3.1B	3.2B	2.6B	2.0B
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	3.0B	—	—	—	—
Total Operating Expenses	6.8B	3.7B	3.9B	3.1B	2.4B
Cost and Expenses	24.0B	19.8B	20.4B	16.9B	15.4B
Operating Income (EBIT)	(1.2B)	1.9B	2.1B	2.1B	1.9B
Non-Operating
Interest Income	117.0M	169.0M	209.0M	146.0M	83.0M
Interest Expense	311.0M	345.0M	580.0M	306.0M	302.0M
Net Interest Income	(194.0M)	(176.0M)	(371.0M)	(160.0M)	(219.0M)
Other Non-Op Income/Expense	(258.0M)	(109.0M)	176.0M	(63.0M)	1.9B
Non-Operating Income (excl Interest)	(166.0M)	(349.0M)	(756.0M)	(243.0M)	(2.2B)
EBT (Pre-Tax Income)	(1.5B)	1.8B	2.3B	2.0B	3.8B
Income Tax Expense	229.0M	240.0M	1.1B	521.0M	616.0M
Bottom Line
Net Income	(1.8B)	1.5B	5.6B	1.3B	3.5B
Earnings from Cont. Ops	(1.7B)	1.6B	1.2B	1.5B	3.2B
Earnings from Discont. Ops	24.0M	29.0M	4.5B	(38.0M)	377.0M
Bottom Line Net Income	(1.8B)	1.5B	5.6B	1.3B	3.5B
Per Share
Basic EPS	($2.21)	$1.74	$6.24	$1.61	$4.19
Diluted EPS	($2.22)	$1.70	$6.15	$1.63	$4.10
Revenue Per Share	$27.73	$25.91	$25.03	$22.63	$20.50
Shares
Basic Shares Outstanding	821.8M	839.2M	898.2M	837.3M	843.4M
Diluted Shares Outstanding	821.8M	846.7M	911.7M	853.0M	861.2M
Profitability Metrics
EBITDA	239.0M	3.5B	4.1B	2.8B	4.5B
D&A	1.3B	1.3B	1.2B	491.0M	328.0M
EBIT	(1.0B)	2.3B	2.9B	2.3B	4.1B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026