Net Income for Carrier Global (CARR)
According to Carrier Global's latest reported financial statements, the company's current net income (TTM) is $1.49B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CARR
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$1.49B
YoY change
-73.4%
5Y CAGR
-5.5%
Peak year (2024)
$5.60B
Cumulative net income
$21.70B
Net Income history chart for Carrier Global (CARR) from 2017 to 2025
Net Income history table for Carrier Global (CARR) from 2017 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $1.49B | -73.4% | ||
| 2024 | $5.60B | +315.4% | ||
| 2023 | $1.35B | -61.8% | ||
| 2022 | $3.53B | +112.4% | ||
| 2021 | $1.66B | -16.0% | ||
| 2020 | $1.98B | -6.3% | ||
| 2019 | $2.12B | -22.6% | ||
| 2018 | $2.73B | +122.8% | ||
| 2017 | $1.23B | — |
Net Income 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
The 2025 reading of Carrier Global (CARR) net income is $1.49B – plunged 73.4% year-over-year.
Carrier Global net income has contracted on net over the period, with a -5.5% compound annual growth rate over 2020–2025 (5 years).
Carrier Global net income plunged from $5.60B in 2024 to $1.49B in 2025, a 73.4% drawdown.
Across the available history, net income reached its high of $5.60B in 2024 and its low of $1.23B in 2017.
Within Industrials, Carrier Global (CARR) ranks 9th among 8 peers we track. The peer median for net income is $5.88B.
Carrier Global Net Income by Year
Carrier Global Net Income 2025: $1.49B
Carrier Global net income in 2025 was $1.49B, plunged 73.4% below 2024.
Carrier Global Net Income 2024: $5.60B
Carrier Global net income in 2024 was $5.60B, surged 315.4% from 2023. This figure represents the highest annual value in the available history.
Carrier Global Net Income 2023: $1.35B
Carrier Global net income in 2023 was $1.35B, plunged 61.8% below 2022.
Carrier Global Net Income 2022: $3.53B
Carrier Global net income in 2022 was $3.53B, surged 112.4% from 2021.
Carrier Global Net Income 2021: $1.66B
Carrier Global net income in 2021 was $1.66B.
See more financial history for Carrier Global (CARR).
Sector peers — Net Income
Companies in the same sector as Carrier Global, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $8.87B | Industrials |
| GE Aerospace (GE) | $8.70B | Industrials |
| Union Pacific Corporation (UNP) | $7.14B | Industrials |
| RTX Corporation (RTX) | $6.73B | Industrials |
| Deere & Company (DE) | $5.03B | Industrials |
| Honeywell International Inc. (HON) | $4.73B | Industrials |
| Eaton Corporation plc (ETN) | $4.09B | Industrials |
| The Boeing Company (BA) | $2.23B | Industrials |
Frequently asked questions
What is Carrier Global's net income?
- Latest reported net income for Carrier Global (CARR) is $1.49B (period ending December 31, 2025).
How has Carrier Global net income changed year-over-year?
- Carrier Global (CARR) net income changed -73.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Carrier Global net income?
- Carrier Global (CARR) net income compound annual growth rate is -5.5% over the most recent 5 years available.
When did Carrier Global net income hit its highest annual value?
- Carrier Global net income reached its highest annual value of $5.60B in 2024.
What was Carrier Global net income in 2024?
- Carrier Global (CARR) net income in 2024 was $5.60B.
What was Carrier Global net income in 2025?
- Carrier Global (CARR) net income in 2025 was $1.49B.
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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