Carrier Global (CARR) revenue breakdown

Industrials · Building Products & Equipment · Market cap $45.5B

By segment, CSA is the largest at 48% of fiscal 2025 revenue; CSE grew fastest, 61% a year over 2 years.

By product, Product is the largest at 88% of fiscal 2025 revenue, growing 3% a year over 7 years.

Revenue by segment

Fiscal years, as Carrier Global reports them in its 10-K filings; fiscal 2025 total $21.7B.

Segments20182019202020212022202320242025Share
CSA—————$9.6B$10.5B$10.5B 48%
CSE—————$1.9B$5.0B$5.0B 23%
CSAME—————$3.6B$3.5B$3.3B 15%
CST$4.1B$3.8B$3.3B$4.1B$3.9B$3.8B$3.5B$2.9B 13%
HVAC$9.7B$9.7B$9.5B$11.4B$13.4B——— —
Fire & Security$5.5B$5.5B$5.0B$5.5B———— —

Revenue by product

Fiscal years, as Carrier Global reports them in its 10-K filings; fiscal 2025 total $21.7B.

Products20182019202020212022202320242025Share
Product$15.7B$15.4B$14.3B$17.2B$15.3B$16.7B$20.0B$19.2B 88%
Service$3.2B$3.2B$3.1B$3.4B$2.0B$2.3B$2.5B$2.6B 12%

Revenue by region

Fiscal years, as Carrier Global reports them in its 10-K filings; fiscal 2025 total $21.7B.

Regions20182019202020212022202320242025Share
United States Operations$9.4B$9.6B$9.1B$10.5B$10.0B$10.5B$11.3B$11.1B 51%
Europe$5.7B$5.3B$4.9B$5.8B$3.6B$3.9B$6.7B$6.1B 28%
Asia Pacific$2.9B$2.8B$2.7B$3.5B$3.1B$3.9B$3.8B$3.8B 18%
Other$935M$874M$761M$881M$610M$635M$688M$678M 3%
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for CARR.
Open CARR in Investingly

Questions

Where does Carrier Global make its money?

In fiscal 2025, by segment: CSA $10.5B, CSE $5.0B, CSAME $3.3B, CST $2.9B.

From Carrier Global's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.