Carrier Global (CARR) Cash from Operations (2019 - 2026)
Carrier Global (CARR) recorded Cash from Operations of $813 million in Q3 2026, up 138.4% from $341 million a year earlier but down 12.3% from the prior quarter.
Powered by 
Analysis
Carrier Global (CARR) Cash from Operations (2019 - 2026) Analysis & Trends
On a TTM basis, Carrier Global's Cash from Operations came in at $2.86 billion as of Sep 30, 2026, up 55.7% year-over-year; for FY2025, it was $2.51 billion, up 60.0% from FY2024.
- Annual Cash from Operations has a five-year compound annual growth rate of 8.2% (FY2020 to FY2025).
- Across earlier years, Cash from Operations came in at $1.57 billion in FY2024 (-39.7%), $2.61 billion in FY2023 (+49.6%), $1.74 billion in FY2022 (-22.1%) and $2.24 billion in FY2021 (+32.2%).
- Quarterly Cash from Operations has ranged from -$202 million in Q1 2022 to $1.12 billion in Q4 2022 over the past five years.
- On a year-over-year basis, Cash from Operations rose in four of the last eight quarters, with growth averaging 146.1%.
- Peak year-over-year performance for Cash from Operations in the last five years was growth of 984.4% in Q1 2025, against a decline of 94.3% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $927 million (Q2 2026), $79 million (Q1 2026) and $1.04 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 93.66 Bn | 88.28 Bn | 2.38 Bn | 1.33 Bn |
| 2 | Johnson Controls International | 87.35 Bn | 85.08 Bn | 2.47 Bn | 1.29 Bn |
| 3 | Carrier Global | 43.73 Bn | 38.10 Bn | 1.90 Bn | 813.00 Mn |
| 4 | Comfort Systems Usa | 39.84 Bn | 33.80 Bn | 934.48 Mn | 1.01 Bn |
| 5 | Otis Worldwide | 29.53 Bn | 25.92 Bn | 1.16 Bn | 337.00 Mn |
| 6 | James Hardie Industries | 17.19 Bn | 15.75 Bn | 562.40 Mn | 349.70 Mn |
| 7 | Masco | 16.43 Bn | 14.23 Bn | 720.00 Mn | 371.00 Mn |
| 8 | Allegion | 15.94 Bn | 14.56 Bn | 548.20 Mn | 304.30 Mn |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 314.10 Mn |
| 10 | Lennox International | 11.88 Bn | 11.69 Bn | 497.20 Mn | 395.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 813.00 Mn |
| Jun 30, 2026 | 927.00 Mn |
| Mar 31, 2026 | 79.00 Mn |
| Dec 31, 2025 | 1.04 Bn |
| Sep 30, 2025 | 341.00 Mn |
| Jun 30, 2025 | 644.00 Mn |
| Mar 31, 2025 | 488.00 Mn |
| Dec 31, 2024 | 363.00 Mn |
| Sep 30, 2024 | 508.00 Mn |
| Jun 30, 2024 | 655.00 Mn |
| Mar 31, 2024 | 45.00 Mn |
| Dec 31, 2023 | 1.06 Bn |
| Sep 30, 2023 | 1.04 Bn |
| Jun 30, 2023 | 384.00 Mn |
| Mar 31, 2023 | 120.00 Mn |
| Dec 31, 2022 | 1.12 Bn |
| Sep 30, 2022 | 790.00 Mn |
| Jun 30, 2022 | 32.00 Mn |
| Mar 31, 2022 | -202.00 Mn |
| Dec 31, 2021 | 913.00 Mn |
API Access
Carrier Global Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "CARR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();