Carrier Global revenue
Carrier Global's revenue was $21.75bn in fiscal 2025, down 3.3% on the year before. Since fiscal 2018 ($18.91bn) it has grown at a compound 2.0% a year. Over the last twelve months it was $22.79bn.
Revenue history
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.9 | 18.6 | 17.5 | 20.6 | 17.3 | 19.0 | 22.5 | 21.7 | 22.8 |
| Growth on the year before | — | −1.6% | −6.2% | +18.1% | −16.1% | +9.6% | +18.7% | −3.3% | — |
| Gross profit | — | — | — | — | 4.3 | 5.2 | 6.0 | — | — |
| Gross margin | — | — | — | — | 24.9% | 27.2% | 26.6% | — | — |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Products | $19.2B | 88.2% | ▼ 4.1% |
| Services | $2.6B | 11.8% | ▲ 3.1% |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $11.1B | 51.2% | ▼ 1.4% |
| Europe | $6.1B | 28.0% | ▼ 8.9% |
| Asia Pacific | $3.8B | 17.7% | ▲ 0.6% |
| Other Geographical Region | $678M | 3.1% | ▼ 1.5% |
From Carrier Global's 10-K filed February 5, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| Carrier Global | $22.79bn | 3.3% | 11.1% |
| Trane Technologies | $23.23bn | 10.3% | 10.3% |
| Johnson Controls | $25.00bn | 6.8% | 4.4% |
| Builders Firstsource, Inc. | $14.36bn | -8.3% | -6.0% |
| Owens Corning | $9.85bn | -7.2% | 0.5% |
| Masco | $7.67bn | 0.9% | -1.4% |
Compare with peers
- Trane Technologies revenue
- Johnson Controls revenue
- Builders Firstsource, Inc. revenue
- Owens Corning revenue
- Masco revenue
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