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
DateValue
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