Carrier Global (CARR) Operating Income (2019 - 2026)

Carrier Global (CARR) reported Operating Income of $259.0 million for Q1 2026, down 58.82% year-over-year from $629.0 million in Q1 2025, and up 156.44% quarter-over-quarter from $101.0 million in Q4 2025.

Carrier Global (CARR) Operating Income (2019 - 2026) Analysis & Trends

Carrier Global (CARR) has 8 years of Operating Income data on file, last reported at $259.0 million in Q1 2026.

  • Operating Income for Q1 2026 came in at $259.0 million, down 58.82% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.8 billion (down 37.65% YoY), and the FY2025 annual result was $2.2 billion, down 17.91% from the prior year.
  • Operating Income rose to $259.0 million in Q1 2026 per CARR's latest filing, from $101.0 million in the prior quarter.
  • Over five years, Operating Income peaked at $1.7 billion in Q1 2022 and troughed at -$98.0 million in Q4 2022.
  • A 5-year average of $660.1 million and a median of $629.0 million in 2025 frame the typical range for Operating Income.
  • The sharpest annual moves came in 2022 and 2023: Operating Income sank 121.17% in 2022, then soared 650.0% in 2023.
  • A 5-year view of Operating Income shows it stood at -$98.0 million in 2022, then soared by 650.0% to $539.0 million in 2023, then soared by 43.6% to $774.0 million in 2024, then slumped by 86.95% to $101.0 million in 2025, then jumped by 156.44% to $259.0 million in 2026.
  • Business Quant data shows CARR's Operating Income at $259.0 million in Q1 2026, $101.0 million in Q4 2025, and $539.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 776.10 Mn
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 853.00 Mn
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 259.00 Mn
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 163.50 Mn
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 316.00 Mn
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 180.30 Mn
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 87.70 Mn
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 53.34 Mn
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 43.96 Mn
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 120.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 259.00 Mn
Dec 31, 2025 101.00 Mn
Sep 30, 2025 539.00 Mn
Jun 30, 2025 903.00 Mn
Mar 31, 2025 629.00 Mn
Dec 31, 2024 774.00 Mn
Sep 30, 2024 763.00 Mn
Jun 30, 2024 724.00 Mn
Mar 31, 2024 385.00 Mn
Dec 31, 2023 539.00 Mn
Sep 30, 2023 510.00 Mn
Jun 30, 2023 651.00 Mn
Mar 31, 2023 460.00 Mn
Dec 31, 2022 -98.00 Mn
Sep 30, 2022 1.53 Bn
Jun 30, 2022 819.00 Mn
Mar 31, 2022 1.74 Bn
Dec 31, 2021 463.00 Mn
Sep 30, 2021 828.00 Mn
Jun 30, 2021 783.00 Mn