Carrier Global Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	21,747	22,486	18,951	17,288	20,613
Revenue Growth (YoY)	-3.29%	18.65%	9.62%	-16.13%	18.09%
Cost of Revenue	16,123	16,505	13,789	12,991	14,633
Gross Profit	5,624	5,981	5,162	4,297	5,980
Selling, General & Admin	3,092	3,197	2,607	1,977	3,120
Research & Development	625	686	493	416	503
Other Operating Expenses	-36	-317	113	-1,818	-39
Operating Income	2,172	2,646	2,160	3,984	2,645
Interest Income	229	231	211	262	249
Interest Expense	-364	-371	-160	-157	-306
Other Non-Operating Income (Expense)	-10	-1	-1	-4	61
Total Non-Operating Income (Expense)	-145	-141	50	101	4
Pretax Income	1,798	2,274	1,999	3,823	2,400
Provision for Income Taxes	240	1,062	521	616	699
Net Income	1,484	5,604	1,349	3,534	1,664
Minority Interest in Earnings	103	104	91	50	37
Earnings From Discontinued Operations	29	4,496	-38	377	-
Net Income to Common	1,484	5,604	1,349	3,534	1,664
Net Income Growth	-73.52%	315.42%	-61.83%	112.38%	-16.04%
Shares Outstanding (Basic)	852	898	837	843	868
Shares Outstanding (Diluted)	862	912	853	861	890
Shares Change (YoY)	-5.41%	6.88%	-0.95%	-3.27%	1.15%
EPS (Basic)	1.74	6.24	1.61	4.19	1.92
EPS (Diluted)	1.72	6.15	1.58	4.10	1.87
EPS Growth	-72.03%	289.24%	-61.46%	119.25%	-16.89%
Free Cash Flow	2,121	44	2,168	1,426	1,893
Free Cash Flow Growth	4720.45%	-97.97%	52.03%	-24.67%	37.17%
Free Cash Flow Per Share	2.46	0.05	2.54	1.66	2.13
Dividends Per Share	0.915	0.795	0.745	0.635	0.510
Dividend Growth	15.09%	6.71%	17.32%	24.51%	82.14%
Gross Margin	25.86%	26.60%	27.24%	24.86%	29.01%
Operating Margin	9.99%	11.77%	11.40%	23.04%	12.83%
Profit Margin	7.16%	5.39%	7.80%	18.55%	8.25%
FCF Margin	9.75%	0.20%	11.44%	8.25%	9.18%
EBITDA	3,446	3,878	2,651	4,312	2,983
EBITDA Margin	15.85%	17.25%	13.99%	24.94%	14.47%
EBIT	2,172	2,646	2,160	3,984	2,645
EBIT Margin	9.99%	11.77%	11.40%	23.04%	12.83%
Effective Tax Rate	13.35%	46.70%	26.06%	16.11%	29.13%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.