Carrier Global (CARR) Revenue — Quarter Ended Mar 31, 2025
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter last year. The sequential improvement reversed a prior decline, while the year-over-year decrease continued a trend of lower revenue compared to the prior year.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter last year. The sequential improvement reversed a prior decline, while the year-over-year decrease continued a trend of lower revenue compared to the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.2B
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
-3.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2024 | $5.9B | -12.0% |
| Sep 30, 2024 | $6B | +77.6% |
| Dec 31, 2024 | $5.1B | +19.3% |
| Mar 31, 2025 | $5.2B | -3.7% |
Revenue performance
The reported revenue direction was positive sequentially, marking an increase from the prior quarter. However, on an annual basis, revenue was lower than the same period one year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. In contrast, when measured against the same quarter one year ago, revenue fell.
What to watch
Monitor whether the sequential revenue growth can be sustained in upcoming quarters given the ongoing year-over-year decline.