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Carrier Global stock: growth
CARRCarrier Global reported $21.75B in revenue for fiscal 2025, down 3.3% on the prior year, up 8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
2.5%
per year from 2017 to 2025, per share 2.9%
Earnings (Annual rate)
2.4%
per year from 2017 to 2025
Free cash flow (Annual rate)
−0.5%
per year from 2017 to 2025, per share −0.1%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2017 | |
|---|---|---|
| Revenue | 4.5% | 2.5% |
| Revenue per share | 5.2% | 2.9% |
| Earnings | −5.6% | 2.4% |
| Earnings per share | −5.3% | no data |
| Free cash flow | 4.2% | −0.5% |
| Free cash flow per share | 4.9% | −0.1% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2017 | $17.81B | $1.23B | $1.77B |
| 2018 | $18.91B | $2.73B | $1.79B |
| 2019 | $18.61B | $2.12B | $1.82B |
| 2020 | $17.46B | $1.98B | $1.38B |
| 2021 | $20.61B | $1.66B | $1.89B |
| 2022 | $17.29B | $3.53B | $1.43B |
| 2023 | $18.95B | $1.35B | $2.17B |
| 2024 | $22.49B | $5.6B | $44M |
| 2025 | $21.75B | $1.48B | $1.7B |
Revenue by segment
How Carrier Global Corporation makes its money and how that has shifted. Names are as the company reports them.
- Product88%
- Service12%
Figures as a table
| 2024 | 2025 | Share 2025 | |
|---|---|---|---|
| Product | $19.99B | $19.17B | 88.2% |
| Service | $2.5B | $2.57B | 11.8% |
| Total revenue | $22.49B | $21.75B | 100% |
Revenue by region
Where Carrier Global Corporation generates its revenue.
- United States51%
- Europe28%
- Asia Pacific18%
- Other3%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2024 | 2025 | Share 2025 | |
|---|---|---|---|
| United States | $11.29B | $11.14B | 51.2% |
| Europe | $6.69B | $6.09B | 28% |
| Asia Pacific | $3.82B | $3.84B | 17.7% |
| Other | $688M | $678M | 3.1% |
| Total revenue | $22.49B | $21.75B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 30 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.