Carrier Global Corp
NYSE:CARR
Income Statement
Earnings Waterfall
Carrier Global Corp
Income Statement
Carrier Global Corp
| Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||
| Interest Expense |
0
|
67
|
143
|
213
|
298
|
356
|
346
|
332
|
319
|
310
|
303
|
298
|
0
|
210
|
207
|
209
|
306
|
391
|
501
|
559
|
580
|
536
|
476
|
461
|
458
|
|
| Revenue |
18 608
N/A
|
18 173
-2%
|
17 183
-5%
|
17 363
+1%
|
17 456
+1%
|
18 267
+5%
|
19 735
+8%
|
20 074
+2%
|
20 613
+3%
|
20 568
0%
|
20 339
-1%
|
20 449
+1%
|
20 421
0%
|
21 040
+3%
|
21 821
+4%
|
22 101
+1%
|
18 951
-14%
|
23 007
+21%
|
28 369
+23%
|
28 622
+1%
|
22 486
-21%
|
27 704
+23%
|
22 463
-19%
|
22 058
-2%
|
21 747
-1%
|
|
| Gross Profit | ||||||||||||||||||||||||||
| Cost of Revenue |
(13 153)
|
(12 826)
|
(12 172)
|
(12 252)
|
(12 327)
|
(12 862)
|
(13 851)
|
(14 142)
|
(14 605)
|
(14 664)
|
(14 608)
|
(14 848)
|
(14 948)
|
(15 478)
|
(15 953)
|
(15 892)
|
(13 776)
|
(16 273)
|
(16 385)
|
(16 765)
|
(16 463)
|
(16 207)
|
(16 197)
|
(16 024)
|
(16 081)
|
|
| Gross Profit |
5 455
N/A
|
5 347
-2%
|
5 011
-6%
|
5 111
+2%
|
5 129
+0%
|
5 405
+5%
|
5 884
+9%
|
5 932
+1%
|
6 008
+1%
|
5 904
-2%
|
5 731
-3%
|
5 601
-2%
|
5 473
-2%
|
5 562
+2%
|
5 868
+6%
|
6 209
+6%
|
5 175
-17%
|
6 734
+30%
|
7 957
+18%
|
7 830
-2%
|
6 023
-23%
|
7 470
+24%
|
6 266
-16%
|
6 034
-4%
|
5 666
-6%
|
|
| Operating Income | ||||||||||||||||||||||||||
| Operating Expenses |
(2 966)
|
(2 999)
|
(2 963)
|
(2 956)
|
(3 255)
|
(3 316)
|
(3 530)
|
(3 505)
|
(3 501)
|
(2 275)
|
(2 091)
|
(1 257)
|
(1 189)
|
(2 427)
|
(3 004)
|
(4 154)
|
(2 924)
|
(4 536)
|
(4 101)
|
(3 874)
|
(3 683)
|
(3 567)
|
(3 609)
|
(3 608)
|
(3 503)
|
|
| Selling, General & Administrative |
(2 671)
|
(2 703)
|
(2 676)
|
(2 671)
|
(2 791)
|
(2 817)
|
(2 981)
|
(3 046)
|
(3 040)
|
(2 919)
|
(2 730)
|
(2 607)
|
(2 490)
|
(2 595)
|
(2 753)
|
(2 878)
|
(2 422)
|
(3 252)
|
(3 254)
|
(3 261)
|
(3 036)
|
(2 983)
|
(2 991)
|
(3 004)
|
(2 901)
|
|
| Research & Development |
(401)
|
(402)
|
(393)
|
(391)
|
(419)
|
(442)
|
(473)
|
(496)
|
(503)
|
(507)
|
(504)
|
(524)
|
(539)
|
(553)
|
(582)
|
(596)
|
(493)
|
(702)
|
(903)
|
(918)
|
(686)
|
(839)
|
(648)
|
(627)
|
(625)
|
|
| Other Operating Expenses |
106
|
106
|
106
|
106
|
(45)
|
(57)
|
(76)
|
37
|
42
|
1 151
|
1 143
|
1 874
|
1 840
|
721
|
331
|
(680)
|
(9)
|
(582)
|
56
|
305
|
39
|
255
|
30
|
23
|
23
|
|
| Operating Income |
2 489
N/A
|
2 348
-6%
|
2 048
-13%
|
2 155
+5%
|
1 874
-13%
|
2 089
+11%
|
2 354
+13%
|
2 427
+3%
|
2 507
+3%
|
3 629
+45%
|
3 640
+0%
|
4 344
+19%
|
4 284
-1%
|
3 135
-27%
|
2 864
-9%
|
2 055
-28%
|
2 251
+10%
|
2 198
-2%
|
2 463
+12%
|
2 563
+4%
|
2 340
-9%
|
2 510
+7%
|
2 657
+6%
|
2 426
-9%
|
2 163
-11%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||
| Interest Income Expense |
263
|
211
|
91
|
(16)
|
1 042
|
995
|
1 035
|
1 063
|
(57)
|
8
|
32
|
37
|
43
|
31
|
(24)
|
(7)
|
(45)
|
54
|
(194)
|
(144)
|
(226)
|
(264)
|
(14)
|
(125)
|
(135)
|
|
| Non-Reccuring Items |
(234)
|
(267)
|
(307)
|
54
|
(121)
|
(89)
|
(43)
|
(383)
|
(111)
|
(87)
|
(76)
|
(69)
|
(31)
|
(50)
|
(60)
|
(144)
|
(206)
|
(341)
|
(354)
|
(327)
|
161
|
191
|
180
|
193
|
(220)
|
|
| Total Other Income |
154
|
132
|
108
|
77
|
60
|
61
|
66
|
64
|
61
|
42
|
22
|
8
|
(4)
|
(3)
|
(2)
|
(2)
|
(1)
|
0
|
140
|
139
|
(1)
|
141
|
0
|
(8)
|
(10)
|
|
| Pre-Tax Income |
2 672
N/A
|
2 424
-9%
|
1 940
-20%
|
2 270
+17%
|
2 855
+26%
|
3 056
+7%
|
3 412
+12%
|
3 171
-7%
|
2 400
-24%
|
3 592
+50%
|
3 618
+1%
|
4 320
+19%
|
4 292
-1%
|
3 113
-27%
|
2 778
-11%
|
1 902
-32%
|
1 999
+5%
|
1 910
-4%
|
2 055
+8%
|
2 231
+9%
|
2 274
+2%
|
2 578
+13%
|
2 823
+10%
|
2 486
-12%
|
1 798
-28%
|
|
| Net Income | ||||||||||||||||||||||||||
| Tax Provision |
(517)
|
(570)
|
(611)
|
(697)
|
(849)
|
(760)
|
(888)
|
(915)
|
(699)
|
(896)
|
(832)
|
(682)
|
(708)
|
(529)
|
(548)
|
(623)
|
(521)
|
(568)
|
(499)
|
(458)
|
(1 062)
|
(1 126)
|
(1 168)
|
(995)
|
(240)
|
|
| Income from Continuing Operations |
2 155
|
1 854
|
1 329
|
1 573
|
2 006
|
2 296
|
2 524
|
2 256
|
1 701
|
2 696
|
2 786
|
3 638
|
3 584
|
2 584
|
2 230
|
1 279
|
1 478
|
1 342
|
1 556
|
1 773
|
1 212
|
1 452
|
1 655
|
1 491
|
1 558
|
|
| Income to Minority Interest |
(39)
|
(42)
|
(40)
|
(35)
|
(24)
|
(26)
|
(28)
|
(32)
|
(37)
|
(37)
|
(41)
|
(50)
|
(50)
|
(56)
|
(76)
|
(80)
|
(91)
|
(97)
|
(95)
|
(105)
|
(104)
|
(109)
|
(119)
|
(112)
|
(103)
|
|
| Net Income (Common) |
2 116
N/A
|
1 812
-14%
|
1 289
-29%
|
1 538
+19%
|
1 982
+29%
|
2 270
+15%
|
2 496
+10%
|
2 224
-11%
|
1 664
-25%
|
2 659
+60%
|
2 745
+3%
|
3 588
+31%
|
3 534
-2%
|
2 528
-28%
|
2 154
-15%
|
1 199
-44%
|
1 349
+13%
|
1 245
-8%
|
3 383
+172%
|
3 473
+3%
|
5 604
+61%
|
5 747
+3%
|
4 001
-30%
|
3 982
0%
|
1 484
-63%
|
|
| EPS (Diluted) |
2.44
N/A
|
2.1
-14%
|
1.49
-29%
|
1.76
+18%
|
2.25
+28%
|
2.56
+14%
|
2.81
+10%
|
2.5
-11%
|
1.87
-25%
|
3.04
+63%
|
3.18
+5%
|
4.18
+31%
|
4.1
-2%
|
2.95
-28%
|
2.52
-15%
|
1.41
-44%
|
1.58
+12%
|
1.36
-14%
|
3.69
+171%
|
3.79
+3%
|
6.14
+62%
|
6.54
+7%
|
4.61
-30%
|
4.63
+0%
|
1.72
-63%
|
|