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FCF Margin for Carrier Global (CARR)

As of · Reported

Metric

TTM

7.6%

YoY change

+7.61pp

Trough year (2024)

0.2%

Peak year (2023)

11.4%

FCF Margin history chart for Carrier Global (CARR) from 2017 to 2025

Latest: 7.8%

FCF Margin change chart for Carrier Global (CARR) from 2017 to 2025

Latest: +7.61pp

FCF Margin history table for Carrier Global (CARR) from 2017 to 2025

  • 20257.8%+7.61pp
  • 20240.2%-11.24pp
  • 202311.4%+3.19pp
  • 20228.2%-0.94pp
  • 20219.2%+1.28pp
  • 20207.9%-1.88pp
  • 20199.8%+0.31pp
  • 20189.5%-0.47pp
  • 20179.9%—

FCF Margin values are taken from Carrier Global's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Carrier Global (CARR)

According to Carrier Global's latest reported financial statements, the company's latest reported free cash flow margin is 7.6%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Carrier Global (CARR) most recent annual free cash flow margin stands at 7.80% (2025) – expanded 7.6 percentage points year-over-year.

2023 marks the peak free cash flow margin at 11.44%, with the historical low of 0.20% recorded in 2024.

Carrier Global FCF Margin by Year

Carrier Global FCF Margin 2025: 7.8%

Carrier Global posted free cash flow margin of 7.80% in 2025, expanded 7.6 percentage points from 2024.

Carrier Global FCF Margin 2024: 0.2%

In 2024, Carrier Global reported free cash flow margin of 0.20%, contracted 11.2 percentage points from 2023. This figure represents the lowest annual value in the available history.

Carrier Global FCF Margin 2023: 11.4%

Carrier Global free cash flow margin in 2023 was 11.44%, expanded 3.2 percentage points from 2022. This figure represents the highest annual value in the available history.

Carrier Global FCF Margin 2022: 8.2%

2022's free cash flow margin for Carrier Global came in at 8.25%, contracted 0.9 percentage points from 2021.

Carrier Global FCF Margin 2021: 9.2%

Carrier Global free cash flow margin in 2021 was 9.18%.

See more financial history for Carrier Global (CARR).

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