How does Carrier Global (CARR) make money?

Carrier Global (CARR) generates revenue primarily from Product, which accounted for 87.7% of total revenue in TTM through Q1 2026. The company reported $21.87B in revenue and converted 6% of it into net profit, equivalent to roughly $1.31B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Carrier Global (CARR)?

Carrier Global (CARR) reported a gross profit margin of 24.8% in TTM through Q1 2026, equivalent to $5.42B in gross profit on $21.87B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Carrier Global (CARR)?

Carrier Global (CARR) reported an operating profit margin of 7.2% in TTM through Q1 2026, equivalent to $1.58B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Carrier Global (CARR)?

Carrier Global (CARR) reported a net profit margin of 6% in TTM through Q1 2026, equivalent to $1.31B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Carrier Global (CARR) profitable?

Yes. Carrier Global (CARR) reported $1.31B in net income for TTM through Q1 2026, with a net profit margin of 6%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Carrier Global (CARR) invest in research and development?

Carrier Global (CARR) invested $615.00M in research and development during TTM through Q1 2026, roughly 2.8% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Carrier Global (CARR) spend on capital expenditures?

Carrier Global (CARR) spent $423.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.9% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Carrier Global (CARR) generate?

Carrier Global (CARR) generated $1.66B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 7.6%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Carrier Global (CARR)?

Carrier Global (CARR) had an effective tax rate of 2.3% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Carrier Global (CARR)?

Carrier Global (CARR) reports revenue across 2 reportable product segments, led by Product at 87.7% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Carrier Global (CARR) generate most of its revenue?

UNITED STATES is the largest geographic market for Carrier Global (CARR), accounting for 50.5% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Carrier Global Makes Money: 2026 Visual Revenue Map

Carrier Global (CARR) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 30, 2026).

Carrier Global (CARR) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Carrier Global (CARR) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Product	$19.19B	87.7%
Service	$2.68B	12.3%
Total	$21.87B	100%

Product$19.19B
Service$2.68B
Total$21.87B

Carrier Global (CARR) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Carrier Global (CARR), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$11.05B	50.5%
Europe	$6.24B	28.5%
Asia Pacific	$3.89B	17.8%
Other Geographical Region	$689.00M	3.2%
Total	$21.87B	100%

UNITED STATES
Europe
Asia Pacific
Other Geographical Region
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Carrier Global (CARR) reports revenue across 2 operating segments; the largest segment was Product at 87.7%, followed by Service (12.3%). Separately, by end-market geography, UNITED STATES accounted for 50.5% of revenue, followed by Europe (28.5%) and Asia Pacific (17.8%).

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