# CARRIER GLOBAL Corp (CARR) · Edgar & Edgarette company card

> Carrier Global (CARR) saw revenue fall 3.3% in FY2025 to $21.7 billion, operating margin 10.0%, in line with the 9.7% median for air-cond & warm air heatg equip & comm & indl refrig equip, equity 38.0% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1783180 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/CARR) · [JSON](https://www.pops4.com/boards/company/CARR.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $21.7B |
| Revenue growth, 1 year | -3.3% |
| Revenue growth per year | 1.3% |
| Operating margin | 10.0% (prior year 11.8%) |
| Net margin | 7.3% |
| Operating cash flow | $2.5B |
| Capital spending | $392M |
| Free cash flow | $2.1B |
| Cash | $1.6B |
| Long-term debt | $11.5B |
| Total assets | $37.2B |
| Total equity | $14.1B |
| Equity ÷ assets | 38.0% |
| Return on equity | 11.2% |
| Dividend per share | $0.675 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: 2.35 (grey zone)
- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $21.7B (FY2025), total debt $11.5B. Experience: revenue down 3.3% on the year, up 1.3% a year over 4 years; operating margin 10.0%, down from 11.8%. Soundness: equity 38.0% of assets, return on equity 11.2%, payout 48.6% of profit, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $18.3B and $25.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $15.9B to $28.6B. A statistical range, not company guidance. Against peers (108 filers, $50M+ revenue, its industry group): operating margin 10.0% against a 9.7% median; growth -3.3% against 5.8%.

Range logged 2026-09-26, receipt 6bf239e5d16098d6, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-07-24 ([filing](https://www.sec.gov/Archives/edgar/data/1783180/000095014226002161/0000950142-26-002161-index.htm))

## Recent filings

- 10-Q · filed 2026-10-29 · [filing](https://www.sec.gov/Archives/edgar/data/1783180/000178318026000037/0001783180-26-000037-index.htm)
- 8-K · filed 2026-10-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1783180/000178318026000035/0001783180-26-000035-index.htm)
- 10-Q · filed 2026-07-28 · [filing](https://www.sec.gov/Archives/edgar/data/1783180/000178318026000032/0001783180-26-000032-index.htm)
- 8-K · filed 2026-07-28 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1783180/000178318026000030/0001783180-26-000030-index.htm)
- 8-K · filed 2026-07-24 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1783180/000095014226002161/0000950142-26-002161-index.htm)
- 10-Q · filed 2026-04-30 · [filing](https://www.sec.gov/Archives/edgar/data/1783180/000178318026000026/0001783180-26-000026-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001783180.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1783180

## Cite

POPS4, Edgar & Edgarette: CARRIER GLOBAL Corp (CARR) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/CARR. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.