Carrier Global
CARR · NYSE
Key indicators
CARR profitability and balance sheet ratios
EPS $0.5989 in Q2 FY26, down 12.2% on a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | $0.4885 |
| Q4 FY24 | $2.87 |
| Q1 FY25 | $0.4691 |
| Q2 FY25 | $0.6822 |
| Q3 FY25 | $0.4985 |
| Q4 FY25 | $0.0626 |
| Q1 FY26 | $0.2824 |
| Q2 FY26 | $0.5989 |
Where the money went
Q2 FY26, from revenue to net income
Carrier Global brought in $6.4B of revenue in Q2 FY26, +3.9% on a year earlier. 8¢ of every dollar became profit.
- Revenue
- $6.4B
- Costs, expenses and taxes
- $5.9B
- Net income
- $0.5B
- Net margin
- 7.9%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $4.8B | $5.3B | $6.4B |
| Gross profit | $1.0B | $1.2B | $1.7B |
| Operating income | $0.1B | $0.2B | $0.8B |
| Net income | $0.1B | $0.2B | $0.5B |
| Diluted EPS | $0.06 | $0.28 | $0.60 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Total assets | $37.2B | $37.2B | $37.4B |
| Total liabilities | $23.4B | $23.7B | $24.2B |
| Shareholder equity | $13.8B | $13.5B | $13.1B |
| Cash and short-term investments | $1.6B | $1.4B | $1.3B |
| Total debt | $11.8B | $12.2B | $12.0B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $1.0B | $0.1B | $0.9B |
| Investing cash flow | −$0.1B | −$0.1B | −$0.2B |
| Financing cash flow | −$0.8B | −$0.1B | −$0.8B |
| Capital expenditure | −$0.1B | −$0.1B | −$0.1B |
| Free cash flow | $0.9B | −$0.0B | $0.8B |
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