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% on a QoQ basis from $1.3 billion in Q4 2025.
Carrier Global (CARR) has 8 years of Free Cash Flow data on file, last reported at -$28.0 million in Q1 2026.
- Quarterly Free Cash Flow fell 106.59% year-over-year to -$28.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 8.74% YoY) and the FY2025 annual result came in at $2.1 billion, up 101.62% from the prior year.
- Free Cash Flow eased to -$28.0 million in Q1 2026 per CARR's latest filing, from $1.3 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $1.3 billion in Q4 2025 and bottomed at -$258.0 million in Q1 2022.
- The 5-year median for Free Cash Flow is $310.0 million (2023), against an average of $375.5 million.
- The widest annual swing landed in 2022, when Free Cash Flow plunged 296.95%; it then jumped 1011.76% in 2023.
- Tracing CARR's Free Cash Flow over 5 years: stood at $1.0 billion in 2022, then plunged by 52.4% to $485.0 million in 2023, then sank by 69.9% to $146.0 million in 2024, then jumped by 794.52% to $1.3 billion in 2025, then sank by 102.14% to -$28.0 million in 2026.
- Per Business Quant, the three latest CARR Free Cash Flow figures stand at -$28.0 million (Q1 2026), $1.3 billion (Q4 2025), and $207.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 546.50 Mn |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 531.00 Mn |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | -28.00 Mn |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | -39.40 Mn |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | -113.00 Mn |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | -73.00 Mn |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | -43.18 Mn |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 11.30 Mn |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | -13.11 Mn |
| 10 | Owens Corning | 9.48 Bn | 9.24 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 |
| Sep 30, 2023 | 968.00 Mn |
| Sep 30, 2023 | 968.00 Mn |
| Jun 30, 2023 | 310.00 Mn |
| Jun 30, 2023 | 310.00 Mn |
| Mar 31, 2023 | 50.00 Mn |
| Mar 31, 2023 | 50.00 Mn |
| Dec 31, 2022 | 1.02 Bn |
| Dec 31, 2022 | 1.02 Bn |
| Sep 30, 2022 | 699.00 Mn |
| Sep 30, 2022 | 699.00 Mn |
| Jun 30, 2022 | -34.00 Mn |
| Jun 30, 2022 | -34.00 Mn |
| Mar 31, 2022 | -258.00 Mn |
| Mar 31, 2022 | -258.00 Mn |
| Dec 31, 2021 | 775.00 Mn |
| Dec 31, 2021 | 775.00 Mn |
| Sep 30, 2021 | 505.00 Mn |
| Sep 30, 2021 | 505.00 Mn |
| Jun 30, 2021 | 482.00 Mn |
| Jun 30, 2021 | 482.00 Mn |
| Mar 31, 2021 | 131.00 Mn |
| Mar 31, 2021 | 131.00 Mn |
| Dec 31, 2020 | 38.00 Mn |
| Dec 31, 2020 | 38.00 Mn |
| Sep 30, 2020 | 880.00 Mn |
| Sep 30, 2020 | 880.00 Mn |
| Jun 30, 2020 | 463.00 Mn |
| Jun 30, 2020 | 463.00 Mn |
| Mar 31, 2020 | -1.00 Mn |
| Mar 31, 2020 | -1.00 Mn |
| Dec 31, 2019 | 970.00 Mn |
| Dec 31, 2019 | 970.00 Mn |
| Sep 30, 2019 | 568.00 Mn |
| Sep 30, 2019 | 568.00 Mn |
| Jun 30, 2019 | 506.00 Mn |
| Jun 30, 2019 | 506.00 Mn |
| Mar 31, 2019 | -224.00 Mn |
| Mar 31, 2019 | -224.00 Mn |