Carrier Global (CARR) Free Cash Flow (2019 - 2026)
Carrier Global's (CARR) quarterly Free Cash Flow came in at $810.0 million in Q2 2026, up 43.87% year-over-year from $563.0 million in Q2 2025, and up 5500.0% quarter-over-quarter from -$15.0 million in Q1 2026.
Analysis
Carrier Global (CARR) Free Cash Flow (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has reported Free Cash Flow for 8 consecutive years, with $810.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 43.87% year-over-year to $810.0 million in Q2 2026; TTM through Jun 2026 was $1.9 billion, a 24.39% increase from a year earlier, with the FY2025 full-year figure at $2.1 billion, up 101.62% from the prior year.
- Free Cash Flow was $810.0 million for Q2 2026 at Carrier Global, up from -$15.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $1.0 billion in Q4 2022 and troughed at -$258.0 million in Q1 2022.
- A 5-year average of $420.1 million and a median of $420.5 million in 2024 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow tumbled 296.95% in 2022 and surged 1011.76% in 2023, its largest moves.
- Over 5 years, Free Cash Flow stood at $1.0 billion in 2022, then declined by 17.57% to $840.0 million in 2023, then tumbled by 82.62% to $146.0 million in 2024, then surged by 522.6% to $909.0 million in 2025, then fell by 10.89% to $810.0 million in 2026.
- The last three Free Cash Flow figures came in at $810.0 million (Q2 2026), -$15.0 million (Q1 2026), and $909.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.32 Bn | 96.02 Bn | 2.26 Bn | 1.02 Bn |
| 2 | Johnson Controls International | 88.44 Bn | 87.84 Bn | 2.47 Bn | 1.19 Bn |
| 3 | Comfort Systems Usa | 59.52 Bn | 57.67 Bn | 844.23 Mn | 998.06 Mn |
| 4 | Carrier Global | 47.35 Bn | 46.33 Bn | 1.94 Bn | 810.00 Mn |
| 5 | Lennox International | 12.64 Bn | 12.59 Bn | 539.50 Mn | 136.30 Mn |
| 6 | Modine Manufacturing | 9.98 Bn | 9.92 Bn | - | - |
| 7 | SPX Technologies | 9.61 Bn | 9.44 Bn | 272.80 Mn | 68.50 Mn |
| 8 | Smith A O | 7.80 Bn | 7.62 Bn | 387.80 Mn | 114.40 Mn |
| 9 | Aaon | 6.58 Bn | 6.58 Bn | 152.49 Mn | -31.18 Mn |
| 10 | Legence | 6.12 Bn | 6.21 Bn | 220.23 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 810.00 Mn |
| Mar 31, 2026 | -15.00 Mn |
| Dec 31, 2025 | 909.00 Mn |
| Sep 30, 2025 | 224.00 Mn |
| Jun 30, 2025 | 563.00 Mn |
| Mar 31, 2025 | 425.00 Mn |
| Dec 31, 2024 | 146.00 Mn |
| Sep 30, 2024 | 416.00 Mn |
| Jun 30, 2024 | 547.00 Mn |
| Mar 31, 2024 | -57.00 Mn |
| Dec 31, 2023 | 840.00 Mn |
| Sep 30, 2023 | 968.00 Mn |
| Jun 30, 2023 | 310.00 Mn |
| Mar 31, 2023 | 50.00 Mn |
| Dec 31, 2022 | 1.02 Bn |
| Sep 30, 2022 | 699.00 Mn |
| Jun 30, 2022 | -34.00 Mn |
| Mar 31, 2022 | -258.00 Mn |
| Dec 31, 2021 | 775.00 Mn |
| Sep 30, 2021 | 505.00 Mn |