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Carrier Global $CARR

Industrials · Building Products · NYSE/NASDAQ

S&P 500 Russell 1000 Florida

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$56.17

+0.96 (+1.74%)

As of Oct 20, 2026, 5:56 PM EDT · cached

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Oct 14, 2026, the first target we tracked for CARR.

Key facts

52-week range (closes): $50.36 – $76.00 Lowest close Nov 20, 2025, highest Jun 25, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Next earnings: Oct 29, 2026, before the open · EPS forecast $0.81 Nasdaq earnings calendar, as of Oct 20, 2026
Fiscal year ends: December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since: Apr 3, 2020 · United Technologies corporate spin-off of Otis and Carrier and acquired Raytheon Company. · United Technologies completed the corporate spin-off of Otis and Carrier and acquired Raytheon Company. · All S&P 500 changes
Analyst coverage: 1 open price target from 1 firm: Goldman Sachs Approved targets tracked here; see the analyst section below

Carrier Global (CARR) is trading up at $56.17 (+1.74%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.

Analyst price targets on CARR

One firm's current price target on Carrier Global: $61 — 9% above the current $56.2. Each is tracked to its date and scored the same way a member's call is.

Goldman Sachs $55 → $61 by Oct 2027 Neutral Oct 14, 2026 via Investing.com · Goldman Sachs's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Carrier Global revenue & net income history (FY2018–FY2025)

RevenueNet incomeNet margin (right axis, %)

Carrier Global annual financial statements
	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$18.9B	$18.6B	$17.5B	$20.6B	$17.3B	$19.0B	$22.5B	$21.7B
Growth (year over year)	—	−1.6%	−6.2%	+18.1%	−16.1%	+9.6%	+18.7%	−3.3%
Gross profit	—	—	—	—	$4.30B	$5.16B	$5.98B	—
Gross margin	—	—	—	—	24.9%	27.2%	26.6%	—
Operating income	$3.64B	$2.49B	$3.08B	$2.65B	$3.98B	$2.16B	$2.65B	$2.17B
Operating margin	19.2%	13.4%	17.7%	12.8%	23.0%	11.4%	11.8%	10.0%
Net income	$2.73B	$2.12B	$1.98B	$1.66B	$3.53B	$1.35B	$5.60B	$1.48B
Net margin	14.5%	11.4%	11.4%	8.1%	20.4%	7.1%	24.9%	6.8%
EPS (diluted)	$3.16	$2.44	$2.25	$1.87	$4.10	$1.58	$6.15	$1.72
Balance sheet
Cash and equivalents	$1.13B	$952.0M	$3.12B	$2.99B	$3.30B	$9.85B	$3.97B	$1.55B
Total assets	—	$22.4B	$25.1B	$26.2B	$26.1B	$32.8B	$37.4B	$37.2B
Total liabilities	—	$7.97B	$18.5B	$19.1B	$18.0B	$23.8B	$23.0B	$23.1B
Long-term debt	—	$82.0M	$10.0B	$9.51B	$8.70B	$14.2B	$11.0B	$11.4B
Shareholders' equity	$14.3B	$14.1B	$6.58B	$7.09B	$8.08B	$9.01B	$14.4B	$14.1B
Cash flow
Operating cash flow	$2.06B	$2.06B	$1.69B	$2.24B	$1.74B	$2.61B	$563.0M	$2.51B
Capital expenditure	$263.0M	$243.0M	$312.0M	$344.0M	$317.0M	$439.0M	$519.0M	$392.0M
Free cash flow	$1.79B	$1.82B	$1.38B	$1.89B	$1.43B	$2.17B	$44.0M	$2.12B
Dividends paid	$0	$0	$138.0M	$417.0M	$509.0M	$620.0M	$670.0M	$772.0M
Share buybacks	—	$0	$0	$527.0M	$1.38B	$62.0M	$1.94B	$2.89B

RevenueNet incomeNet margin (right axis, %)

Carrier Global quarterly financial statements
	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026
Income statement
Revenue	$5.93B	$5.98B	$5.15B	$5.22B	$6.11B	$5.58B	$4.84B	$5.34B
Growth (year over year)	+14.5%	+21.3%	+19.3%	−3.7%	+3.0%	−6.8%	−6.0%	+2.4%
Operating income	$724.0M	$763.0M	$774.0M	$629.0M	$903.0M	$539.0M	$101.0M	$259.0M
Operating margin	12.2%	12.8%	15.0%	12.1%	14.8%	9.7%	2.1%	4.8%
Net income	$2.34B	$447.0M	$2.55B	$412.0M	$591.0M	$428.0M	$53.0M	$238.0M
Net margin	39.4%	7.5%	49.6%	7.9%	9.7%	7.7%	1.1%	4.5%
EPS (diluted)	$2.55	$0.49	$2.82	$0.47	$0.68	$0.50	$0.07	$0.28
Balance sheet
Cash and equivalents	$2.76B	$2.22B	$3.97B	$1.70B	$1.80B	$1.42B	$1.55B	$1.37B
Total assets	$40.4B	$40.2B	$37.4B	$36.4B	$38.5B	$38.1B	$37.2B	$37.2B
Total liabilities	$26.3B	$25.2B	$23.0B	$22.2B	$23.5B	$23.2B	$23.1B	$23.4B
Long-term debt	$11.3B	$10.3B	$11.0B	$11.1B	$11.3B	$11.3B	$11.4B	$10.4B
Shareholders' equity	$14.1B	$15.0B	$14.4B	$14.2B	$15.0B	$14.8B	$14.1B	$13.8B
Cash flow
Operating cash flow	$660.0M	−$269.0M	$132.0M	$483.0M	$649.0M	$341.0M	$1.04B	$79.0M
Capital expenditure	$108.0M	$92.0M	$217.0M	$63.0M	$81.0M	$117.0M	$131.0M	$94.0M
Free cash flow	$552.0M	−$361.0M	−$85.0M	$420.0M	$568.0M	$224.0M	$909.0M	−$15.0M
Dividends paid	$171.0M	$184.0M	$156.0M	$198.0M	$192.0M	$193.0M	$189.0M	$201.0M
Share buybacks	$0	$431.0M	$1.51B	$1.29B	$340.0M	$785.0M	$479.0M	$306.0M

From Carrier Global's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Carrier Global vs the Industrials sector and the S&P 500

Carrier Global's latest reported figures next to the median of the other 81 S&P 500 Industrials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Carrier Global compared with the median Industrials company and the median S&P 500 company
Measure	Carrier Global	Industrials (81 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	−3.3%	+4.6%	+7.0%
Net margin, latest fiscal year	6.8%	12.6%	13.0%
Dividend per share, latest fiscal year	$0.68	$2.67	$2.40
Share price change, 1 year	−2.6%	+8.7%	+7.5%

Carrier Global: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Carrier Global included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 79/496, net margin 79/496, dividend per share 63/349, 1-year price change 77/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 63 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Carrier Global

Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an independent company manufacturing and distributing HVAC systems, and has since expanded to include manufacturing commercial refrigeration and food service equipment, and fire and security technologies.

Source: Wikipedia — Carrier Global