Operating Income for Carrier Global (CARR)
According to Carrier Global's latest reported financial statements, the company's current operating income (TTM) is $2.15B USD. 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 .
CARR
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$2.15B
YoY change
-18.7%
5Y CAGR
-7.0%
Peak year (2022)
$3.98B
Cumulative operating income
$25.83B
Operating Income history chart for Carrier Global (CARR) from 2017 to 2025
Operating Income history table for Carrier Global (CARR) from 2017 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $2.15B | -18.7% | ||
| 2024 | $2.65B | +22.5% | ||
| 2023 | $2.16B | -45.8% | ||
| 2022 | $3.98B | +50.6% | ||
| 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 (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
As of the 2025 fiscal year, Carrier Global (CARR) reported operating income of $2.15B – declined 18.7% year-over-year.
Across 2020–2025 (5 years), Carrier Global operating income produced a CAGR of -7.0% – with a net decline across the window.
Carrier Global operating income plunged from $3.98B in 2022 to $2.15B in 2025, a 46.0% drawdown.
2022 marks the peak operating income at $3.98B, with the historical low of $2.15B recorded in 2025.
Within Industrials, Carrier Global (CARR) ranks 8th among 8 peers we track. The peer median for operating income is $8.59B.
Carrier Global Operating Income by Year
Carrier Global Operating Income 2025: $2.15B
Carrier Global operating income in 2025 was $2.15B, declined 18.7% below 2024. This figure represents the lowest annual value in the available history.
Carrier Global Operating Income 2024: $2.65B
Carrier Global operating income in 2024 was $2.65B, grew 22.5% from 2023.
Carrier Global Operating Income 2023: $2.16B
Carrier Global operating income in 2023 was $2.16B, plunged 45.8% below 2022.
Carrier Global Operating Income 2022: $3.98B
Carrier Global operating income in 2022 was $3.98B, surged 50.6% from 2021. This figure represents the highest 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 — Operating Income
Companies in the same sector as Carrier Global, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Carrier Global's operating income?
- Latest reported operating income for Carrier Global (CARR) is $2.15B (period ending December 31, 2025).
How has Carrier Global operating income changed year-over-year?
- Carrier Global (CARR) operating income changed -18.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Carrier Global operating income?
- Carrier Global (CARR) operating income compound annual growth rate is -7.0% over the most recent 5 years available.
When did Carrier Global operating income hit its highest annual value?
- Carrier Global operating income reached its highest annual value of $3.98B in 2022.
What was Carrier Global operating income in 2024?
- Carrier Global (CARR) operating income in 2024 was $2.65B.
What was Carrier Global operating income in 2025?
- Carrier Global (CARR) operating income in 2025 was $2.15B.
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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