Free Cash Flow for Carrier Global (CARR)
Free Cash Flow for Carrier Global (CARR): headline value $2.09B · YoY +3756.8%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

CARR
Currently viewingFree Cash FlowSwitch metric
Latest period
$2.09B
YoY change
+3756.8%
5Y CAGR
+4.2%
Peak year (2023)
$2.17B
Latest annual
$1.70B
Free Cash Flow history chart for Carrier Global (CARR) from 2017 to 2025
Free Cash Flow history table for Carrier Global (CARR) from 2017 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $1.70B | +3756.8% | ||
| 2024 | $44.00M | -98.0% | ||
| 2023 | $2.17B | +52.0% | ||
| 2022 | $1.43B | -24.7% | ||
| 2021 | $1.89B | +37.2% | ||
| 2020 | $1.38B | -24.2% | ||
| 2019 | $1.82B | +1.6% | ||
| 2018 | $1.79B | +1.1% | ||
| 2017 | $1.77B | — |
Free Cash Flow 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
Carrier Global (CARR) most recent annual free cash flow stands at $1.70B (2025) – surged 3756.8% year-over-year.
Carrier Global free cash flow has recorded the values shown across consecutive periods, with a +4.2% compound annual growth rate over 2020–2025 (5 years).
Carrier Global free cash flow peaked at $2.17B in 2023; the latest annual figure is $1.70B in 2025 (21.7% below peak).
The dataset's maximum free cash flow sits at $2.17B (2023); the minimum reading of $44.00M dates to 2024.
Within Industrials, Carrier Global (CARR) ranks 8th among 8 peers we track. The peer median for free cash flow is $5.45B.
Carrier Global Free Cash Flow by Year
Carrier Global Free Cash Flow 2025: $1.70B
Carrier Global free cash flow in 2025 was $1.70B, surged 3756.8% from 2024.
Carrier Global Free Cash Flow 2024: $44.00M
Carrier Global free cash flow in 2024 was $44.00M, plunged 98.0% below 2023. This figure represents the lowest annual value in the available history.
Carrier Global Free Cash Flow 2023: $2.17B
Carrier Global free cash flow in 2023 was $2.17B, surged 52.0% from 2022. This figure represents the highest annual value in the available history.
Carrier Global Free Cash Flow 2022: $1.43B
Carrier Global free cash flow in 2022 was $1.43B, declined 24.7% below 2021.
Carrier Global Free Cash Flow 2021: $1.89B
Carrier Global free cash flow in 2021 was $1.89B.
See more financial history for Carrier Global (CARR).
Sector peers — Free Cash Flow
Companies in the same sector as Carrier Global, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $10.27B | Industrials |
| RTX Corporation (RTX) | $7.94B | Industrials |
| GE Aerospace (GE) | $7.26B | Industrials |
| Union Pacific Corporation (UNP) | $5.50B | Industrials |
| Honeywell International Inc. (HON) | $5.39B | Industrials |
| Eaton Corporation plc (ETN) | $4.47B | Industrials |
| Deere & Company (DE) | $3.23B | Industrials |
| The Boeing Company (BA) | -$1.88B | Industrials |
Frequently asked questions
What is Carrier Global's free cash flow?
Latest reported free cash flow for Carrier Global (CARR) is $2.09B (period ending December 31, 2025).
How has Carrier Global free cash flow changed year-over-year?
Carrier Global (CARR) free cash flow changed +3756.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Carrier Global free cash flow?
Carrier Global (CARR) free cash flow compound annual growth rate is +4.2% over the most recent 5 years available.
When did Carrier Global free cash flow hit its highest annual value?
Carrier Global free cash flow reached its highest annual value of $2.17B in 2023.
What was Carrier Global free cash flow in 2024?
Carrier Global (CARR) free cash flow in 2024 was $44.00M.
What was Carrier Global free cash flow in 2025?
Carrier Global (CARR) free cash flow in 2025 was $1.70B.
Metrics overview
Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.
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