Gross Profit for Carrier Global (CARR)
According to Carrier Global's latest reported financial statements, the company's current gross profit (TTM) is $5.63B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CARR
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$5.63B
YoY change
-6.5%
5Y CAGR
+1.9%
Peak year (2024)
$6.02B
Cumulative gross profit
$48.56B
Gross Profit history chart for Carrier Global (CARR) from 2017 to 2025
Gross Profit history table for Carrier Global (CARR) from 2017 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $5.63B | -6.5% | ||
| 2024 | $6.02B | +16.4% | ||
| 2023 | $5.17B | +20.3% | ||
| 2022 | $4.30B | -28.4% | ||
| 2021 | $6.01B | +17.1% | ||
| 2020 | $5.13B | -6.0% | ||
| 2019 | $5.46B | -2.7% | ||
| 2018 | $5.61B | +7.1% | ||
| 2017 | $5.23B | — |
Gross Profit values are taken from Carrier Global's reported income 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
In 2025, Carrier Global (CARR) gross profit totalled $5.63B – declined 6.5% year-over-year.
Across 2020–2025 (5 years), Carrier Global gross profit produced a CAGR of +1.9% – with the latest reading among the more recent periods of the dataset.
Carrier Global gross profit peaked at $6.02B in 2024; the latest annual figure is $5.63B in 2025 (6.5% below peak).
$6.02B stands as the all-time-high annual gross profit, posted in 2024, against a low of $4.30B during 2022.
Among 8 Industrials peers, Carrier Global (CARR) ranks 8th; the peer median for gross profit is $15.42B.
Carrier Global Gross Profit by Year
Carrier Global Gross Profit 2025: $5.63B
Carrier Global gross profit in 2025 was $5.63B, declined 6.5% below 2024.
Carrier Global Gross Profit 2024: $6.02B
Carrier Global gross profit in 2024 was $6.02B, grew 16.4% from 2023. This figure represents the highest annual value in the available history.
Carrier Global Gross Profit 2023: $5.17B
Carrier Global gross profit in 2023 was $5.17B, grew 20.3% from 2022.
Carrier Global Gross Profit 2022: $4.30B
Carrier Global gross profit in 2022 was $4.30B, declined 28.4% below 2021. This figure represents the lowest annual value in the available history.
Carrier Global Gross Profit 2021: $6.01B
Carrier Global gross profit in 2021 was $6.01B.
See more financial history for Carrier Global (CARR).
Sector peers — Gross Profit
Companies in the same sector as Carrier Global, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $21.86B | Industrials |
| RTX Corporation (RTX) | $17.79B | Industrials |
| GE Aerospace (GE) | $16.89B | Industrials |
| Deere & Company (DE) | $16.30B | Industrials |
| Union Pacific Corporation (UNP) | $14.55B | Industrials |
| Honeywell International Inc. (HON) | $13.83B | Industrials |
| Eaton Corporation plc (ETN) | $10.32B | Industrials |
| The Boeing Company (BA) | $4.29B | Industrials |
Frequently asked questions
What is Carrier Global's gross profit?
- Latest reported gross profit for Carrier Global (CARR) is $5.63B (period ending December 31, 2025).
How has Carrier Global gross profit changed year-over-year?
- Carrier Global (CARR) gross profit changed -6.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Carrier Global gross profit?
- Carrier Global (CARR) gross profit compound annual growth rate is +1.9% over the most recent 5 years available.
When did Carrier Global gross profit hit its highest annual value?
- Carrier Global gross profit reached its highest annual value of $6.02B in 2024.
What was Carrier Global gross profit in 2024?
- Carrier Global (CARR) gross profit in 2024 was $6.02B.
What was Carrier Global gross profit in 2025?
- Carrier Global (CARR) gross profit in 2025 was $5.63B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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