Carrier Global
Financial Performance
Carrier Global Revenue & Financials
Revenue
$22.5B (FY2024)
Market Cap
$61.5B
Employees
53,000
What is Carrier Global's revenue?
Carrier Global had $22.5B in revenue for fiscal year 2024, up 1.8% from 2023.
- Latest revenue
- $22.5B (FY2024)
- Year-over-year
- +1.8%
- Growth rate (CAGR)
- 3% over 3 years
- Peak revenue
- $22.5B (FY2024)
- Years of data
- 4
- Employees
- 53,000
- How many employees does Carrier Global have?
- Carrier Global has about 53,000 employees.
Financial Analysis
Carrier delivers strong financial results characterized by disciplined portfolio reshaping, robust operating cash flow generation, and expanding segment operating margins. In fiscal 2024, Carrier generated net sales of $22.5 billion, driven by double-digit growth in commercial HVAC chillers and the consolidation of Viessmann Climate Solutions. Adjusted operating profit reached $3.35 billion, with segment operating margin expanding to 15.8%, reflecting strong commercial pricing realization. Carrier completed over $10 billion in non-core business divestments (Industrial Fire and Access Solutions), using the cash proceeds to pay down debt incurred from the Viessmann acquisition and authorize a substantial multi-billion-dollar share repurchase program alongside continuous dividend growth.
Revenue Trend Analysis
YoY Change
+1.8%
3-Year CAGR
+3%
Peak Year
2024
Trend
Mostly Growing
Carrier Global has 4 full fiscal year figures on this page, compounding at +3% annually over 3 years. The most recent year saw a 1.8% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $22.5B. Of 3 comparable year-over-year steps, 2 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $22.5B | +1.8% |
| FY2023 | $22.1B | +8.2% |
| FY2022 | $20.4B | -0.9% |
| FY2021 | $20.6B | — |
Click any row to see year details.
Keep researching Carrier Global
Carrier Global Revenue and Financial FAQ
What was Carrier Global's revenue in 2024?
Carrier Global achieved $22.50 billion in revenue for fiscal year 2024.
Is Carrier Global profitable?
Carrier Global's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Carrier Global growing?
Carrier Global has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Carrier Global fund its capital expenditures?
Carrier Global funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Carrier Global's debt profile?
Carrier Global maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Carrier Global reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Carrier Global Revenue & Financials." CorpDigest, https://corpdigest.com/company/carrier-global/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Carrier Global reported $22.5B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/carrier-global/financials" target="_blank" rel="noopener">CorpDigest — Carrier Global financials</a></div>Explore Carrier Global
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