Growth Metrics

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% on a QoQ basis from $101.0 million in Q4 2025.

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

  • Quarterly Operating Income fell 58.82% year-over-year to $259.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.8 billion (down 37.65% YoY) and the FY2025 annual result came in at $2.2 billion, down 17.91% from the prior year.
  • Operating Income grew to $259.0 million in Q1 2026 per CARR's latest filing, from $101.0 million in the prior quarter.
  • Across five years, Operating Income topped out at $1.7 billion in Q1 2022 and bottomed at -$98.0 million in Q4 2022.
  • The 5-year median for Operating Income is $629.0 million (2025), against an average of $660.1 million.
  • The widest annual swing landed in 2022, when Operating Income tumbled 121.17%; it then jumped 650.0% in 2023.
  • Tracing CARR's Operating Income over 5 years: stood at -$98.0 million in 2022, then jumped by 650.0% to $539.0 million in 2023, then jumped by 43.6% to $774.0 million in 2024, then plunged by 86.95% to $101.0 million in 2025, then surged by 156.44% to $259.0 million in 2026.
  • Per Business Quant, the three latest CARR Operating Income figures stand at $259.0 million (Q1 2026), $101.0 million (Q4 2025), and $539.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Trane Technologies 99.95 Bn 98.89 Bn 1.73 Bn 776.10 Mn
2 Johnson Controls International 84.54 Bn 84.01 Bn 2.07 Bn 853.00 Mn
3 Carrier Global 52.72 Bn 51.70 Bn 4.82 Bn 259.00 Mn
4 Lennox International 16.87 Bn 16.82 Bn 351.30 Mn 163.50 Mn
5 Masco 13.72 Bn 13.60 Bn 686.00 Mn 316.00 Mn
6 Carlisle Companies 13.62 Bn 12.85 Bn 363.20 Mn 180.30 Mn
7 Aaon 10.97 Bn 10.97 Bn 109.77 Mn 43.96 Mn
8 SPX Technologies 10.37 Bn 10.22 Bn 230.60 Mn 87.70 Mn
9 Advanced Drainage Systems 10.34 Bn 10.19 Bn 237.66 Mn 53.34 Mn
10 Owens Corning 9.48 Bn 9.24 Bn 510.00 Mn 120.00 Mn

Historic Data

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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
Mar 31, 2021 571.00 Mn
Dec 31, 2020 1.25 Bn
Sep 30, 2020 1.08 Bn
Jun 30, 2020 442.00 Mn
Mar 31, 2020 315.00 Mn
Dec 31, 2019 557.00 Mn
Sep 30, 2019 629.00 Mn
Jun 30, 2019 805.00 Mn
Mar 31, 2019 500.00 Mn