TTM
$1.58B
YoY change
-9.1%
5Y CAGR
-9.2%
Peak year (2018)
$3.64B
Cumulative operating income
$23.10B
Operating Income history chart for Carrier Global (CARR) from 2017 to 2025
Latest: $1.91B
Operating Income growth chart for Carrier Global (CARR) from 2017 to 2025
Latest: -9.1%
Operating Income history table for Carrier Global (CARR) from 2017 to 2025
| 2025 | $1.91B | -9.1% | −$191.00M | ||
| 2024 | $2.10B | +1.7% | +$36.00M | ||
| 2023 | $2.06B | +8.3% | +$158.00M | ||
| 2022 | $1.90B | -28.0% | −$741.00M | ||
| 2021 | $2.65B | -14.2% | −$438.00M | ||
| 2020 | $3.08B | +23.8% | +$592.00M | ||
| 2019 | $2.49B | -31.5% | −$1.15B | ||
| 2018 | $3.64B | +20.0% | +$607.00M | ||
| 2017 | $3.03B | — | — |
- 2025$1.91B-9.1%
- 2024$2.10B+1.7%
- 2023$2.06B+8.3%
- 2022$1.90B-28.0%
- 2021$2.65B-14.2%
- 2020$3.08B+23.8%
- 2019$2.49B-31.5%
- 2018$3.64B+20.0%
- 2017$3.03B—
Operating Income 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 Operating Income at Carrier Global (CARR)
According to Carrier Global's latest reported financial statements, the company's current operating income (TTM) is $1.58B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Carrier Global (CARR) reported operating income of $1.91B – declined 9.1% year-over-year.
Across 2020–2025 (5 years), Carrier Global operating income produced a CAGR of -9.2% – with a net decline across the window.
Carrier Global operating income plunged from $3.64B in 2018 to $1.91B in 2025, a 47.6% drawdown.
2018 marks the peak operating income at $3.64B, with the historical low of $1.90B recorded in 2022.
Carrier Global Operating Income by Year
Carrier Global Operating Income 2025: $1.91B
In 2025, Carrier Global reported operating income of $1.91B, declined 9.1% below 2024.
Carrier Global Operating Income 2024: $2.10B
Carrier Global operating income in 2024 was $2.10B, edged up 1.7% from 2023.
Carrier Global Operating Income 2023: $2.06B
2023's operating income for Carrier Global came in at $2.06B, grew 8.3% from 2022.
Carrier Global Operating Income 2022: $1.90B
Carrier Global posted operating income of $1.90B in 2022, declined 28.0% below 2021. This figure represents the lowest annual value in the available history.
Carrier Global Operating Income 2021: $2.65B
Carrier Global operating income in 2021 was $2.65B.
See more financial history for Carrier Global (CARR).
Sector peers by Operating Income
Industrials peers of Carrier Global (CARR), ranked by their latest operating income
| $11.21B | |
| $9.84B | |
| $9.30B | |
| $8.77B | |
| $8.42B | |
| $5.23B | |
| −$2.59B | |
| −$5.42B |
- $11.21B
- $9.84B
- $9.30B
- $8.77B
- $8.42B
- $5.23B
- −$2.59B
- −$5.42B
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