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Carrier Global income statement

In fiscal 2025, Carrier Global reported revenue of $21.75bn, down 3.3% on the year before, operating income of $2.17bn (a 10.0% margin) and net income of $1.48bn, or $1.72 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue18.918.617.520.617.319.022.521.722.8
Cost of revenue————13.013.816.5——
Gross profit————4.35.26.0——
Research and development0.40.40.40.50.40.50.70.60.6
Selling, general and administrative2.72.82.83.12.02.63.23.13.2
Operating income3.62.53.12.64.02.22.62.2−1.1
Interest expense——0.30.30.20.30.60.5—
Income before tax3.82.72.92.43.82.02.31.8−1.5
Income tax1.10.50.80.70.60.51.10.20.2
Net income2.72.12.01.73.51.35.61.5−1.8
Diluted EPS$3.16$2.44$2.25$1.87$4.10$1.58$6.15$1.72−$2.15
Diluted shares (average)866m866m880m890m861m853m912m862m837m
EBITDA4.02.83.43.04.32.73.93.40.2

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Carrier Global's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Carrier Global.