Carrier Global (CARR) Free Cash Flow (2019 - 2026)
Carrier Global (CARR) reported Free Cash Flow of -$28.0 million for Q1 2026, down 106.59% year-over-year from $425.0 million in Q1 2025, and down 102.14% quarter-over-quarter from $1.3 billion in Q4 2025.
Carrier Global (CARR) Free Cash Flow (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has 8 years of Free Cash Flow data on file, last reported at -$28.0 million in Q1 2026.
- Free Cash Flow for Q1 2026 came in at -$28.0 million, down 106.59% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 8.74% YoY), and the FY2025 annual result was $2.1 billion, up 101.62% from the prior year.
- Free Cash Flow slipped to -$28.0 million in Q1 2026 per CARR's latest filing, from $1.3 billion in the prior quarter.
- Over five years, Free Cash Flow peaked at $1.3 billion in Q4 2025 and troughed at -$258.0 million in Q1 2022.
- A 5-year average of $375.5 million and a median of $310.0 million in 2023 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow slumped 296.95% in 2022, then soared 1011.76% in 2023.
- A 5-year view of Free Cash Flow shows it stood at $1.0 billion in 2022, then slumped by 52.4% to $485.0 million in 2023, then tumbled by 69.9% to $146.0 million in 2024, then soared by 794.52% to $1.3 billion in 2025, then tumbled by 102.14% to -$28.0 million in 2026.
- Business Quant data shows CARR's Free Cash Flow at -$28.0 million in Q1 2026, $1.3 billion in Q4 2025, and $207.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 546.50 Mn |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 531.00 Mn |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | -28.00 Mn |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | -39.40 Mn |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | -113.00 Mn |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | -73.00 Mn |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 11.30 Mn |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | -13.11 Mn |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | -43.18 Mn |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | -387.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -28.00 Mn |
| Mar 31, 2026 | -28.00 Mn |
| Dec 31, 2025 | 1.31 Bn |
| Dec 31, 2025 | 1.31 Bn |
| Sep 30, 2025 | 207.00 Mn |
| Sep 30, 2025 | 207.00 Mn |
| Jun 30, 2025 | 183.00 Mn |
| Jun 30, 2025 | 183.00 Mn |
| Mar 31, 2025 | 425.00 Mn |
| Mar 31, 2025 | 425.00 Mn |
| Dec 31, 2024 | 146.00 Mn |
| Dec 31, 2024 | 146.00 Mn |
| Sep 30, 2024 | 507.00 Mn |
| Sep 30, 2024 | 507.00 Mn |
| Jun 30, 2024 | 456.00 Mn |
| Jun 30, 2024 | 456.00 Mn |
| Mar 31, 2024 | -57.00 Mn |
| Mar 31, 2024 | -57.00 Mn |
| Dec 31, 2023 | 485.00 Mn |
| Dec 31, 2023 | 485.00 Mn |