Capital Expenditures for Carrier Global (CARR)
According to Carrier Global's latest reported financial statements, the company's current capital expenditures (TTM) is $392.00M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CARR
Currently viewingCapital ExpendituresSwitch metric
Latest period
$392.00M
YoY change
-24.5%
5Y CAGR
+4.7%
Peak year (2024)
$519.00M
Cumulative capital expenditures
$3.15B
CapEx history chart for Carrier Global (CARR) from 2017 to 2025
CapEx history table for Carrier Global (CARR) from 2017 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $392.00M | -24.5% | ||
| 2024 | $519.00M | +18.2% | ||
| 2023 | $439.00M | +38.5% | ||
| 2022 | $317.00M | -7.8% | ||
| 2021 | $344.00M | +10.3% | ||
| 2020 | $312.00M | +28.4% | ||
| 2019 | $243.00M | -7.6% | ||
| 2018 | $263.00M | -19.3% | ||
| 2017 | $326.00M | — |
CapEx values are taken from Carrier Global's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Carrier Global (CARR) came in at $392.00M – declined 24.5% year-over-year.
Across 2020–2025 (5 years), Carrier Global capital expenditures produced a CAGR of +4.7% – with the latest reading among the more recent periods of the dataset.
Carrier Global capital expenditures declined from $519.00M in 2024 to $392.00M in 2025, a 24.5% drawdown.
2024 marks the peak capital expenditures at $519.00M, with the historical low of $243.00M recorded in 2019.
Carrier Global (CARR) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $2.05B.
Carrier Global Capital Expenditures by Year
Carrier Global Capital Expenditures 2025: $392.00M
Carrier Global capital expenditures in 2025 was $392.00M, declined 24.5% below 2024.
Carrier Global Capital Expenditures 2024: $519.00M
Carrier Global capital expenditures in 2024 was $519.00M, grew 18.2% from 2023. This figure represents the highest annual value in the available history.
Carrier Global Capital Expenditures 2023: $439.00M
Carrier Global capital expenditures in 2023 was $439.00M, surged 38.5% from 2022.
Carrier Global Capital Expenditures 2022: $317.00M
Carrier Global capital expenditures in 2022 was $317.00M, declined 7.8% below 2021.
Carrier Global Capital Expenditures 2021: $344.00M
Carrier Global capital expenditures in 2021 was $344.00M.
See more financial history for Carrier Global (CARR).
Sector peers — CapEx
Companies in the same sector as Carrier Global, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific Corporation (UNP) | $3.79B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| Caterpillar Inc. (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is Carrier Global's capital expenditures?
- Latest reported capital expenditures for Carrier Global (CARR) is $392.00M (period ending December 31, 2025).
How has Carrier Global capital expenditures changed year-over-year?
- Carrier Global (CARR) capital expenditures changed -24.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Carrier Global capital expenditures?
- Carrier Global (CARR) capital expenditures compound annual growth rate is +4.7% over the most recent 5 years available.
When did Carrier Global capital expenditures hit its highest annual value?
- Carrier Global capital expenditures reached its highest annual value of $519.00M in 2024.
What was Carrier Global capital expenditures in 2024?
- Carrier Global (CARR) capital expenditures in 2024 was $519.00M.
What was Carrier Global capital expenditures in 2025?
- Carrier Global (CARR) capital expenditures in 2025 was $392.00M.
Metrics overview
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