← CARRIER GLOBAL Corp

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Net sales $18.9b
$18.6b -1.62%
$17.5b -6.19%
$20.6b +18.09%
$20.4b -0.93%
$22.1b +8.21%
$22.5b +1.76%
$21.7b -3.29%
—
Total Revenue $18.9b
$18.6b -1.62%
$17.5b -6.19%
$20.6b +18.09%
$20.4b -0.93%
$22.1b +8.21%
$22.5b +1.76%
$21.7b -3.29%
$22.1b +1.66%
Cost of Revenue $13.3b
$13.2b -1.17%
$12.3b -6.38%
($14.6b) -218.51%
($15.0b) -2.21%
($15.7b) -5.07%
$16.5b +205.03%
($16.1b) -197.69%
$16.7b +203.74%
Cost of goods sold $13.3b
$13.2b -1.17%
$12.3b -6.38%
($14.6b) -218.51%
($15.0b) -2.21%
($15.7b) -5.07%
($16.5b) -5.03%
($16.1b) +2.31%
$16.7b +203.74%
Gross Profit (Calculated) $5.6b
$5.4b -2.69%
$5.1b -5.72%
$6.0b +17.05%
$5.5b -8.63%
$6.4b +16.82%
$6.0b -6.30%
$5.6b -5.97%
—
Research and Development Expense $400.0m $401.0m $419.0m $503.0m $539.0m $617.0m $686.0m $625.0m $602.0m
Selling, General and Administrative Expense — $2.8b $2.8b $3.1b $2.5b $3.3b $3.2b $3.1b $3.2b
Selling, general and administrative $2.7b $2.8b $2.8b ($3.1b) ($2.5b) ($3.3b) ($3.2b) ($3.1b) $3.2b
Amortization of Intangible Assets — $116.0m $102.0m $98.0m $124.0m $242.0m $843.0m $884.0m —
Operating Lease, Expense — $206.0m $197.0m $200.0m $148.0m $158.0m $175.0m $184.0m —
Restructuring Costs — — — — — — — $178.0m —
Operating Income (Loss) $3.6b
$2.5b -31.51%
$3.1b +23.77%
$2.6b -14.21%
$4.5b +70.70%
$2.3b -49.15%
$2.6b +15.24%
$2.2b -17.91%
$1.6b -28.27%
Other Operating Income (Expense), Net $937.0m ($2.0m) $1.0b $39.0m $1.8b ($384.0m) $317.0m $36.0m —
Interest Expense, Debt — — $298.0m $319.0m $302.0m $362.0m $580.0m $458.0m $468.0m
Equity method investment net earnings $220.0m $236.0m $207.0m $249.0m $262.0m $211.0m $231.0m $229.0m —
Income (Loss) from Equity Method Investments $220.0m $236.0m $207.0m $249.0m $262.0m $211.0m $231.0m $229.0m —
Other income (expense), net $937.0m ($2.0m) $1.0b $39.0m $1.8b ($384.0m) $317.0m $36.0m $156.0m
Interest Income (Expense), Nonoperating, Net $37.0m $27.0m ($288.0m) ($306.0m) ($219.0m) ($211.0m) ($371.0m) ($364.0m) $82.0m
Earnings before income taxes $3.8b $2.7b $2.9b $2.4b $4.3b $2.1b $2.3b $1.8b —
Income (Loss) from Continuing Operations before Income Taxes, Domestic — $1.5b $915.0m $1.5b $1.9b $1.3b $1.9b $1.5b $1.3b
Current Income Tax Expense (Benefit) — $639.0m $752.0m $773.0m $832.0m $877.0m $1.4b $641.0m $51.0m
Income Tax Expense (Benefit) $1.1b $517.0m $849.0m $699.0m $708.0m $644.0m $1.1b $240.0m $51.0m
Net earnings (loss) $2.8b
$2.2b -22.17%
$2.0b -6.91%
$1.7b -15.20%
$3.6b +110.70%
$1.4b -59.82%
$5.7b +296.39%
$1.6b -72.20%
$1.2b -23.13%
Net earnings (loss), Basic (in dollars per share) $3 $2 $2 $2 $4 $2 $6 $2 $1.2b
Net earnings (loss), Diluted (in dollars per share) $3 $2 $2 $2 $4 $2 $6 $2 $1.2b
Net earnings (loss) attributable to common shareowners $2.8b
$2.1b -23.58%
$2.0b -6.33%
$1.7b -16.04%
$3.5b $1.3b
$5.6b +315.42%
$1.5b -73.52%
$1.2b
Net Income (Loss) Attributable to Parent $2.8b
$2.1b -23.58%
$2.0b -6.33%
$1.7b -16.04%
$3.5b +112.38%
$1.3b -61.83%
$5.6b +315.42%
$1.5b -73.52%
$1.2b -17.79%
Net Income (Loss) Available to Common Stockholders, Basic $2.8b
$2.1b -23.58%
$2.0b -6.33%
$1.7b -16.04%
$3.5b +112.38%
$1.3b -61.83%
$5.6b +315.42%
$1.5b -73.52%
$1.2b -17.79%
Net Income (Loss) Attributable to Noncontrolling Interest $35.0m $39.0m $24.0m $37.0m $50.0m $91.0m $104.0m $103.0m $1.2b
Continuing operations, Basic (in dollars per share) — — — — $3.74 $1.66 $1.23 $1.71 —
Continuing operations, Diluted (in dollars per share) — — — — $3.67 $1.63 $1.22 $1.69 —
Discontinued operations, Basic (in dollars per share) — — — — $0.45 ($0.05) $5.01 $0.03 —
Discontinued operations, Diluted (in dollars per share) — — — — $0.43 ($0.05) $4.93 $0.03 —
Earnings Per Share, Basic $3.16 $2.44 $2.29 $1.92 $4.19 $1.61 $6.24 $1.74 $1.46
Earnings Per Share, Diluted $3.16 $2.44 $2.25 $1.87 $4.10 $1.58 $6.15 $1.72 $1.45
Income (Loss) from Continuing Operations, Per Basic Share — — — — — — $1 $2 —
Income (Loss) from Continuing Operations, Per Diluted Share — — — — — — $1 $2 —
Common Stock, Dividends, Per Share, Declared $3.16 $2.44 $0.28 $0.51 $0.64 $0.74 $0.80 $0.68 —
Basic (in shares) $866.2m $866.2m $866.5m $867.7m $843.4m $837.3m $898.2m $852.4m $837.8m
Diluted (in shares) $866.2m $866.2m $880.2m $890.3m $861.2m $853.0m $911.7m $862.4m $846.0m
Weighted Average Number of Shares Outstanding, Basic $866.2m 866.2m 866.5m 867.7m 843.4m 837.3m 898.2m 852.4m 837.8m
Weighted Average Number of Shares Outstanding, Diluted $866.2m 866.2m 880.2m 890.3m 861.2m 853.0m 911.7m 862.4m 846.0m
Additional Financial Items
Business Combination, Acquisition Related Costs — — — — — — — $55.0m —
Continuing operations — — — — $3.2b $1.4b $1.1b $1.5b —
Costs and Expenses $16.4b $16.4b $15.6b $18.3b $18.0b $19.6b $20.4b $19.8b —
Discontinued operations — — — — $377.0m ($38.0m) $4.5b $29.0m —
Earnings from continuing operations — — — — $3.2b $1.5b $1.2b $1.6b —
Interest (expense) income, net $37.0m $27.0m ($288.0m) ($306.0m) ($219.0m) ($211.0m) ($371.0m) ($364.0m) $468.0m
Less: Non-controlling interest in subsidiaries' $35.0m $39.0m $24.0m $37.0m $50.0m $91.0m $104.0m $103.0m —
Non-service pension benefit (expense) $168.0m $154.0m $60.0m $61.0m ($4.0m) ($1.0m) ($1.0m) ($10.0m) —
Operating profit $3.6b
$2.5b -31.51%
$3.1b +23.77%
$2.6b -14.21%
$4.5b +70.70%
$2.3b -49.15%
$2.6b +15.24%
$2.2b -17.91%
—
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — $1.2b $1.6b —
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component — ($154.0m) ($60.0m) ($61.0m) $4.0m $1.0m $1.0m $10.0m —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.