CARRCARRIER GLOBAL Corp
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
- Revenue
- $21.7B
- 3.3% YoY
- Operating margin
- 10.0%
- 15% YoY
- EBITDA
- $3.4B
- 11% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.5×
- $8.6B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear169% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowFired146% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear36% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $20.6B | $17.3B | $19.0B | $22.5B | $21.7B | 3.3% |
| Operating income | $2.6B | $4.0B | $2.2B | $2.6B | $2.2B | 18% |
| Net income | — | $3.5B | $1.3B | $5.6B | $1.5B | 74% |
| Operating cash flow | $2.2B | $1.7B | $2.6B | $563M | $2.5B | 346% |
| Capex | $344M | $317M | $439M | $519M | $392M | 24% |
| Stock-based comp | $92M | $77M | $81M | $98M | $74M | 24% |
| Buybacks | $527M | $1.4B | $62M | $1.9B | $2.9B | 49% |
| Dividends | $417M | $509M | $620M | $670M | $772M | 15% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.