Carrier Global (CARR) 10-K Summary — Year Ended Dec 31, 2025
Carrier Global Corporation is described as a global leader in intelligent climate and energy solutions, providing lifecycle solutions for heating, cooling, and cold chain needs. For the annual period, revenue, operating income, net income, and operating cash flow were all positive, though the revenue trend shows a decline from a prior peak.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Carrier Global Corporation is described as a global leader in intelligent climate and energy solutions, providing lifecycle solutions for heating, cooling, and cold chain needs. For the annual period, revenue, operating income, net income, and operating cash flow were all positive, though the revenue trend shows a decline from a prior peak.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$21.7B
Revenue reported for the fiscal year.
Operating income
$2.2B
Income from operations reported for the year.
Net income
$1.5B
Net income reported for the year.
Operating cash flow
$2.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2024 | $5.9B | +9.5% |
| Sep 30, 2024 | $6B | +0.8% |
| Dec 31, 2024 | $22.5B | +275.8% |
| Dec 31, 2025 | $21.7B | -3.3% |
Business overview
The company offers innovative heating, cooling, and cold chain solutions through brands such as Carrier, Viessmann, Toshiba, Automated Logic, and Carrier Transicold. It also provides building services including audit, design, installation, system integration, repair, maintenance, and monitoring. The company believes its segments benefit from secular trends like urbanization, electrification, and digitalization, and it invests in new business models such as Carrier Energy for energy management.
Financial performance
Revenue, operating income, net income, and operating cash flow were all reported for the annual period. The revenue trend shows a decrease compared to a prior high point, following a period of significant growth.
Material risks
The filing includes a section labeled Risk Factors, but no specific risk details are provided in the supplied context. Readers should refer to the full filing for the complete list of material risks.
Liquidity and capital
The filing mentions investing strategically to strengthen product position and drive profitable growth, and investing in product and technology innovation. No specific liquidity or capital-allocation metrics beyond operating cash flow are detailed in the supplied context.
What to watch
Monitor the next filing for any updates on revenue trends following the reported decline from the prior peak.