The Tip Desk

CARRIER GLOBAL Corp

Company Stats

Market Cap
$45.2B
as of Sep 30, 2026
Enterprise Value
$55.1B
Shares Outstanding
824.3M
Free Float
88.8%

Income Statement

Revenue
$21.7B
Operating Income
$2.2B
Net Income
$1.5B
EBITDA
$3.4B
Revenue Growth, 3Y
7.9%
FCF Margin, 3Y Avg
7.1%
FCF Margin, Worst Year
0.2%

Cash Flow

Free Cash Flow
$2.1B
FCF Yield
4.7%
Owner FCF Yield
4.5%

Balance Sheet

Cash & Equivalents
$1.6B
Total Debt
$11.5B
Net Debt
$9.9B
Net Debt / EBITDA
2.88x
EV / EBITDA
16.00x
Net Debt / EBIT
4.57x

Returns & Capital

Dividends Paid
$772.0M
Dividend Yield
1.7%
Dividend Payout, 3Y Avg
36.6%
Share Repurchases
$2.9B
Buyback Yield, 3Y Avg
3.6%
SBC, 3Y Avg
$84.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$21.7B$2.1B9.8%
FY2024$22.5B$44.0M0.2%
FY2023$19.0B$2.2B11.4%
FY2022$17.3B$1.4B8.2%
FY2021$20.6B$1.9B9.2%

Annual filing data through FY ended December 31, 2025; shares and float as of November 5, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage