Carrier Global (CARR) is trading down at $54.24 (-1.44%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.
One firm's current price target on Carrier Global: $61 — 12% above the current $54.2. Each is tracked to its date and scored the same way a member's call is.
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.
| 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 |
| 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 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
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