← CARRIER GLOBAL Corp

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $18.9b $18.6b $17.5b $20.6b $20.4b $22.1b $22.5b $21.7b
Cost of Revenue $13.3b $13.2b $12.3b ($14.6b) ($15.0b) ($15.7b) $16.5b ($16.1b)
Cost of goods sold $13.3b $13.2b $12.3b ($14.6b) ($15.0b) ($15.7b) ($16.5b) ($16.1b)
Gross Profit (Calculated) $5.6b $5.4b $5.1b $6.0b $5.5b $6.4b $6.0b $5.6b
Research and development $400.0m $401.0m $419.0m ($503.0m) ($539.0m) ($617.0m) ($686.0m) ($625.0m)
Selling, general and administrative $2.7b $2.8b $2.8b ($3.1b) ($2.5b) ($3.3b) ($3.2b) ($3.1b)
Operating Income (Loss) $3.6b $2.5b $3.1b $2.6b $4.5b $2.3b $2.6b $2.2b
Additional Financial Items
Amortization of Intangible Assets — $116.0m $102.0m $98.0m $124.0m $242.0m $843.0m $884.0m
Basic (in shares) $866.2m $866.2m $866.5m $867.7m $843.4m $837.3m $898.2m $852.4m
Continuing operations — — — — $3.2b $1.4b $1.1b $1.5b
Diluted (in shares) $866.2m $866.2m $880.2m $890.3m $861.2m $853.0m $911.7m $862.4m
Discontinued operations — — — — $377.0m ($38.0m) $4.5b $29.0m
Discontinued operations, net of tax — — — — $377.0m ($38.0m) $4.5b $29.0m
Earnings before income taxes $3.8b $2.7b $2.9b $2.4b $4.3b $2.1b $2.3b $1.8b
Earnings from continuing operations — — — — $3.2b $1.5b $1.2b $1.6b
Equity method investment net earnings $220.0m $236.0m $207.0m $249.0m $262.0m $211.0m $231.0m $229.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic — $1.5b $915.0m $1.5b $1.9b $1.3b $1.9b $1.5b
Income (Loss) from Continuing Operations, Per Basic Share — — — — — — $1 $2
Income (Loss) from Continuing Operations, Per Diluted Share — — — — — — $1 $2
Income (Loss) from Equity Method Investments $220.0m $236.0m $207.0m $249.0m $262.0m $211.0m $231.0m $229.0m
Less: Non-controlling interest in subsidiaries' $35.0m $39.0m $24.0m $37.0m $50.0m $91.0m $104.0m $103.0m
Net earnings (loss) $2.8b $2.2b $2.0b $1.7b $3.6b $1.4b $5.7b $1.6b
Net earnings (loss) attributable to common shareowners — $2.1b $2.0b $1.7b $3.5b $1.3b $5.6b $1.5b
Operating profit $3.6b $2.5b $3.1b $2.6b $4.5b $2.3b $2.6b $2.2b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $3.8b $2.7b $2.9b $2.4b $4.3b $2.1b $2.3b $1.8b
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — $1.2b $1.6b
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — $4.5b $29.0m
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic — — — — — — $1.1b $1.5b
Total Net sales $18.9b $18.6b $17.5b $20.6b $20.4b $22.1b $22.5b $21.7b
Net Income (Loss) Attributable to Parent — — — — — — $5.6b $1.5b
Net Income (Loss) Available to Common Stockholders, Basic — $2.1b $2.0b $1.7b $3.5b $1.3b $5.6b $1.5b
Net Income (Loss) Attributable to Noncontrolling Interest $35.0m $39.0m $24.0m $37.0m $50.0m $91.0m $104.0m $103.0m
Common Stock, Dividends, Per Share, Declared $3.16 $2.44 $0.28 $0.51 $0.64 $0.74 $0.80 $0.68
Continuing operations, Basic (in dollars per share) — — — — $3.74 $1.66 $1.23 $1.71
Continuing operations, Diluted (in dollars per share) — — — — $3.67 $1.63 $1.22 $1.69
Discontinued operations, Basic (in dollars per share) — — — — $0.45 ($0.05) $5.01 $0.03
Discontinued operations, Diluted (in dollars per share) — — — — $0.43 ($0.05) $4.93 $0.03
Earnings Per Share, Basic $3.16 $2.44 $2.29 $1.92 $4.19 $1.61 $6.24 $1.74
Earnings Per Share, Diluted $3.16 $2.44 $2.25 $1.87 $4.10 $1.58 $6.15 $1.72
Net earnings (loss), Basic (in dollars per share) $3 $2 $2 $2 $4 $2 $6 $2
Net earnings (loss), Diluted (in dollars per share) $3 $2 $2 $2 $4 $2 $6 $2
Weighted Average Number of Shares Outstanding, Basic $866.2m 866.2m 866.5m 867.7m 843.4m 837.3m 898.2m 852.4m
Weighted Average Number of Shares Outstanding, Diluted $866.2m 866.2m 880.2m 890.3m 861.2m 853.0m 911.7m 862.4m
Business Combination, Acquisition Related Costs — — — — — — — $55.0m
Costs and Expenses — $16.4b $15.6b $18.3b $18.0b $19.6b $20.4b $19.8b
Current Income Tax Expense (Benefit) — $639.0m $752.0m $773.0m $832.0m $877.0m $1.4b $641.0m
Income tax (expense) benefit $1.1b $517.0m $849.0m ($699.0m) ($708.0m) ($644.0m) ($1.1b) ($240.0m)
Interest (expense) income, net $37.0m $27.0m ($288.0m) ($306.0m) ($219.0m) ($211.0m) ($371.0m) ($364.0m)
Interest Expense, Debt — — $298.0m $319.0m $302.0m $362.0m $580.0m $458.0m
Non-service pension benefit (expense) $168.0m $154.0m $60.0m $61.0m ($4.0m) ($1.0m) ($1.0m) ($10.0m)
Operating Lease, Expense — $206.0m $197.0m $200.0m $148.0m $158.0m $175.0m $184.0m
Other income (expense), net $937.0m ($2.0m) $1.0b $39.0m $1.8b ($384.0m) $317.0m $36.0m
Research and Development Expense — $401.0m $419.0m $503.0m $539.0m $617.0m $686.0m $625.0m
Restructuring Costs — — — — — — — $178.0m
Selling, General and Administrative Expense — $2.8b $2.8b $3.1b $2.5b $3.3b $3.2b $3.1b
Income Tax Expense (Benefit) $1.1b $517.0m $849.0m $699.0m $708.0m $644.0m $1.1b $240.0m
Interest Income (Expense), Nonoperating, Net $37.0m $27.0m ($288.0m) ($306.0m) ($219.0m) ($211.0m) ($371.0m) ($364.0m)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component — ($154.0m) ($60.0m) ($61.0m) $4.0m $1.0m $1.0m $10.0m
Other Operating Income (Expense), Net $937.0m ($2.0m) $1.0b $39.0m $1.8b ($384.0m) $317.0m $36.0m
Total Costs and expenses $16.4b $16.4b $15.6b ($18.3b) ($18.0b) ($19.6b) ($20.4b) ($19.8b)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.