Carrier Global (CARR) Stock Analysis & Overview

Carrier Global Corporation (NYSE: CARR) is a Palm Beach Gardens, Florida-headquartered company providing heating, ventilation and air conditioning, heat pumps, building controls and cold-chain transport refrigeration under brands including Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold. This page profiles the listed company and its stock: it brings together TradingView market widgets, financial reference data taken from Carrier’s SEC filings, and a dated, clearly labelled third-party Shariah-screening snapshot for research purposes. Carrier’s fiscal year ends December 31. Widgets update dynamically; the tables and screening notes are static and carry their own reporting periods and dates. For other NYSE-listed company profiles see SaGeminieTech’s NYSE hub.

Carrier Global Corporation (CARR) Symbol Information

CARR trades on the New York Stock Exchange under the ticker symbol CARR, as confirmed against the SEC’s ticker-and-exchange listing. The panel below summarizes the current symbol — price, exchange and identifying details — as a quick reference before reviewing deeper fundamentals and charts.

CARR Advanced Stock Chart

The interactive chart below displays CARR price and volume history across time intervals from intraday to multi-year views. Developments that Carrier’s own filings highlight include the January 2024 acquisition of Viessmann’s climate solutions business, the 2024 sale of its fire, security and commercial refrigeration businesses, net sales of $21,747 million in 2025 compared with $22,486 million in 2024, and an agreement to sell its NORESCO energy-services business. Residential and commercial HVAC demand in the Americas and Europe can also influence price. Price history is one input among several and should be read alongside fundamentals.

Carrier Global Corporation Financial Statements and Fundamentals

Key figures worth examining for Carrier include sales after its 2024 portfolio changes, operating margin, and the gap between total net earnings and earnings from continuing operations in 2024. Net sales were $21,747 million in 2025, compared with $22,486 million in 2024 and $18,951 million in 2023. Net earnings attributable to common shareowners were $1,484 million in 2025, $5,604 million in 2024 and $1,349 million in 2023 (10-K).

The 2024 figure included $4,496 million of earnings from discontinued operations, reflecting the businesses Carrier sold that year; diluted earnings per share from continuing operations were $1.63 in 2023, $1.22 in 2024 and $1.69 in 2025. In the first six months of 2026, net sales were $11,692 million, compared with $11,331 million a year earlier (about 3.2% higher, calculated), and net earnings attributable to common shareowners were $739 million, compared with $1,003 million (Form 10-Q).

Carrier Global Corporation reported financial figures — US GAAP, $ millions, fiscal years ended December 31
Metric	FY2023	FY2024	FY2025
Net sales (reported)	18,951	22,486	21,747
Operating profit (reported)	2,160	2,646	2,172
Research and development expense (reported)	493	686	625
Discontinued operations, net of tax (reported)	(38)	4,496	29
Net earnings attributable to common shareowners (reported)	1,349	5,604	1,484
Diluted EPS, continuing operations (reported)	$1.63	$1.22	$1.69
Net cash from operating activities, continuing operations (reported)	2,252	1,571	2,089
Operating margin (calculated: operating profit ÷ net sales)	11.4%	11.8%	10.0%

Source: Carrier Global Corporation Annual Report on Form 10-K for the year ended December 31, 2025 (SEC filing, filed 2026-02-05), with 2024 and 2023 comparatives as presented in that filing and its SEC XBRL data. The 2024 increase in sales reflects the Viessmann climate solutions business acquired on January 2, 2024. Rows marked “calculated” are derived by SaGeminieTech from the reported inputs shown.

Carrier Global Corporation selected balance-sheet measures — $ millions
Measure	December 31, 2025	June 30, 2026
Cash and cash equivalents	1,555	1,344
Short-term borrowings and current portion of long-term debt	468	1,638
Long-term debt	11,365	10,314
Total assets	37,190	37,372
Total equity (including non-controlling interest)	14,128	13,472

Sources: 2025 Form 10-K and the Form 10-Q for the quarter ended June 30, 2026 (SEC filing, filed 2026-07-28). Interest expense was $458 million and interest income $94 million in 2025 (10-K). Carrier repurchased $2,892 million of shares and paid $772 million of dividends in 2025.

Carrier Global Corporation Company Profile and Business Model

Carrier, headquartered in Palm Beach Gardens, Florida, describes itself as a global leader in intelligent climate and energy solutions. Its brands include Carrier, Viessmann, Toshiba, Automated Logic, Bryant and Carrier Transicold, covering heating, cooling, heat pumps, building controls and cold-chain transport refrigeration, along with installation, repair, maintenance and monitoring services. International operations, including U.S. exports, represented approximately 52% of 2025 net sales, and the company had approximately 47,000 employees at the end of 2025 (34% in the Americas, 36% in Europe and 30% in Asia Pacific, the Middle East and Africa).

Carrier reshaped its portfolio in 2024. It acquired Viessmann’s climate solutions business, a European residential and light commercial HVAC provider, on January 2, 2024, issuing 58.6 million shares as part of the consideration. During 2024 it sold Access Solutions ($5.0 billion), Industrial Fire ($1.4 billion), its commercial refrigeration business CCR ($679 million) and the CRF business ($2.9 billion). The Form 10-Q for the quarter ended June 30, 2026 reports that the sale of Riello, a heating business, was completed, and that Carrier agreed to sell NORESCO, an energy-services business in the Americas segment, to Opterra Energy Services, with closing expected in the third quarter of 2026.

The 10-K lists David Gitlin as Chairman and Chief Executive Officer (CEO since June 2019) and Patrick Goris as Executive Vice President, Chief Financial and Strategy Officer. Carrier is the second heating and cooling company profiled on this site after Trane Technologies; the two compete in HVAC and transport refrigeration, but Carrier earns about half of its sales outside the U.S. and has a larger European residential heating business through Viessmann, whereas about 80% of Trane’s 2025 revenue came from its Americas segment.

Carrier Global Corporation net sales and segment operating margin by segment — $ millions
Segment	FY2025 net sales	FY2024 net sales	Share of FY2025 (calculated)	FY2025 segment operating margin (reported)
Climate Solutions Americas	10,470	10,527	48.1%	20.5%
Climate Solutions Europe	5,044	4,984	23.2%	8.8%
Climate Solutions Asia Pacific, Middle East & Africa	3,339	3,500	15.4%	13.4%
Climate Solutions Transportation	2,894	3,475	13.3%	15.6%

Source: 2025 Form 10-K, segment results (filing). Total segment operating profit was $3,494 million in 2025 (16.1% margin), compared with $3,743 million (16.6%) in 2024; Transportation sales fell from $3,475 million to $2,894 million.

Carrier Global Corporation product and service sales — six months ended June 30, $ millions
Type	H1 2026	H1 2025	Change (calculated)
Product sales	10,301	10,129	+1.7%
Service sales	1,391	1,202	+15.7%
Total net sales	11,692	11,331	+3.2%

Source: Form 10-Q for the quarter ended June 30, 2026, condensed consolidated statement of operations (filing). Operating profit for the six months was $1,083 million, compared with $1,532 million a year earlier.

Carrier Global Corporation Historical Stock-Price Overview

The overview below covers CARR price and percentage change across several date ranges, with volume and moving-average context. Carrier’s reported net sales rose from $18,951 million in 2023 to $22,486 million in 2024 after the Viessmann acquisition, then eased to $21,747 million in 2025, while diluted earnings per share from continuing operations moved from $1.63 to $1.22 to $1.69 (table above). Price history is best interpreted alongside those portfolio and margin changes rather than in isolation.

Carrier Global Corporation Shariah Compliance Snapshot

The snapshot below reflects third-party Shariah screening for CARR based on AAOIFI-derived methodology, as reported by two providers, Zoya and Musaffa, plus figures independently calculated by SaGeminieTech from Carrier’s SEC filings and a market-capitalization snapshot. Both provider pages were read on 2026-10-05. Screening results change as market capitalization, debt, cash and non-permissible income change — treat this as a starting reference for further verification, not a certification, and not investment or religious guidance.

Current StatusZoya screens CARR as Shariah-compliant (zoya.finance/stocks/carr; AAOIFI standard; last updated October 2026) and Musaffa classifies it as HALAL with a B- rating, passing both business and financial screening criteria (musaffa.com/stock/CARR; AAOIFI-based methodology; last updated August 4, 2026, based on the 2026 second-quarter report). The two sources agree as of 2026-10-05.

Debt / Market CapIndependently calculated: 26.30%. Short-term borrowings and current portion of long-term debt ($1,638 million) plus long-term debt ($10,314 million) at June 30, 2026 total $11,952 million, divided by a market capitalization of $45,440 million at the 2026-10-02 close (stockanalysis.com). Under the commonly cited 30% threshold, but close to it — the highest debt ratio calculated on this site so far.

Cash / Market CapIndependently calculated: 2.96%. Cash and cash equivalents of $1,344 million at June 30, 2026, divided by the same $45,440 million market capitalization. Well under the commonly cited 30–33% threshold.

Non-Permissible IncomeZoya’s public page states $169 million of interest income for fiscal 2025. Carrier’s 10-K reports interest income of $94 million for 2025, so the page uses the filed figure: about 0.43% of net sales plus interest income. The ratio is far below the 5% threshold on either figure.

Business ActivityHeating, ventilation and air conditioning, heat pumps, building controls, cold-chain transport refrigeration and related services and rentals. Carrier sold its fire and security businesses in 2024; Zoya’s company description still mentions fire and security. No lending, conventional banking, insurance, gambling or alcohol-related activity was found in the 10-K’s description of the business; the non-permissible revenue split beyond interest income is not publicly disclosed, so this item relies on the providers’ business screens.

Requires VerificationBecause debt is about 26% of market capitalization, a decline of roughly 12% in market value with debt unchanged would take the ratio above 30% (simple arithmetic, not a forecast). Musaffa’s review is dated August 4, 2026; recheck both providers and recalculate this ratio before relying on the status.

Last ReviewedZoya last updated October 2026; Musaffa last updated August 4, 2026; both provider pages were read on 2026-10-05. Debt and cash figures are as of June 30, 2026; market capitalization is as of the 2026-10-02 close.

Carrier Global Corporation AAOIFI-style screening ratios — independently calculated
Ratio	Numerator	Denominator	Result	Commonly cited threshold
Interest-bearing debt ÷ market capitalization	Total debt: $11,952 million (10-Q, June 30, 2026)	Market capitalization: $45,440 million (stockanalysis.com, close 2026-10-02)	26.30%	< 30–33%
Cash ÷ market capitalization	Cash and cash equivalents: $1,344 million (10-Q, June 30, 2026)	Market capitalization: $45,440 million (close 2026-10-02)	2.96%	< 30–33%
Non-permissible (interest) income ÷ (revenue + interest income)	Interest income: $94 million (10-K, fiscal 2025)	Net sales + interest income: $21,747m + $94m = $21,841m	0.43%	< 5%

Zoya’s stated interest-income figure ($169 million) does not match the $94 million in Carrier’s 10-K; the filed figure is used here. Market capitalization is a point-in-time figure (2026-10-02 close) applied to June 30, 2026 balance-sheet figures; it moves daily and these ratios should be recalculated before relying on them, especially the debt ratio.

This snapshot is a screening summary for research purposes, not a certification of Shariah compliance and not investment or religious guidance. All three AAOIFI-style ratios were independently calculated for this page and are under commonly cited thresholds, but the debt ratio is close enough to 30% that it is marked “requires verification.” Confirm the latest status directly with Zoya, with Musaffa, or with a qualified Shariah adviser before relying on any compliance conclusion.

Key Investor Considerations for Carrier Global Corporation

Potential Strengths

Portfolio focused on climate and cold-chain solutions after the 2024 divestitures and the Viessmann acquisition
Geographically diversified, with about 52% of 2025 net sales from international operations
Service sales grew 15.7% in the first half of 2026 to $1,391 million
Climate Solutions Americas earned a 20.5% segment operating margin in 2025
Returned $2,892 million through share repurchases and $772 million in dividends in 2025

Material Risks

Debt of $11,952 million at June 30, 2026 equals about 26% of market capitalization, close to the 30% Shariah screening threshold
Net sales declined from $22,486 million in 2024 to $21,747 million in 2025, and first-half 2026 operating profit fell to $1,083 million from $1,532 million
Climate Solutions Europe, which includes Viessmann, earned a lower 8.8% segment margin in 2025
Transportation segment sales fell from $3,475 million in 2024 to $2,894 million in 2025
Ongoing portfolio changes, including the pending NORESCO sale, make year-over-year comparisons harder

Frequently Asked Questions

What does Carrier Global do?

Carrier provides heating, ventilation and air conditioning systems, heat pumps, building controls and cold-chain transport refrigeration, plus related services, under brands including Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold, according to its 2025 Form 10-K.

On which exchange is Carrier listed?

Carrier Global Corporation’s common stock trades on the New York Stock Exchange under the ticker symbol CARR, as confirmed against the SEC’s ticker-and-exchange listing.

Does Carrier still have a fire and security business?

No. During 2024 Carrier sold Access Solutions, Industrial Fire, its commercial refrigeration business (CCR) and the CRF business, according to its 2025 Form 10-K.

Why were Carrier’s 2024 earnings so high?

Net earnings attributable to common shareowners of $5,604 million in 2024 included $4,496 million from discontinued operations, reflecting the businesses sold that year. Diluted earnings per share from continuing operations were $1.22 in 2024.

How is Carrier different from Trane Technologies on this site?

Both are heating, cooling and transport refrigeration companies. Carrier earns about half of its sales outside the U.S. and has a large European residential heating business through Viessmann, while about 80% of Trane Technologies‘ 2025 revenue came from its Americas segment.

Is Carrier stock currently Shariah compliant?

Zoya screens CARR as Shariah-compliant and Musaffa classifies it as HALAL, both under AAOIFI-based methodologies (read 2026-10-05). SaGeminieTech independently calculated debt/market cap of 26.30%, cash/market cap of 2.96% and non-permissible income of 0.43%. All are under commonly cited thresholds, but the debt ratio is close to 30% and requires verification before relying on the status. This is a screening summary, not a compliance certification — check a current, named screening source or a qualified Shariah adviser.

Conclusion

Carrier is a climate and cold-chain company whose company-reported net sales were $21,747 million in 2025, after a 2024 reshaping that added Viessmann and sold its fire, security and commercial refrigeration businesses. About half of its sales come from outside the U.S., and the Americas segment carries its highest margins. SaGeminieTech independently checked Carrier’s Shariah-screening ratios against its SEC filings and a market-capitalization snapshot: all three AAOIFI-style ratios are under typical thresholds, one provider’s interest-income figure was corrected to the filed amount, and the debt ratio of about 26% is close enough to 30% to be marked as requiring verification. The tools on this page — charts, financials, technical indicators and news — support ongoing research into Carrier, but they do not replace a review of its official filings or independent financial, legal, tax or Shariah advice.

This page is informational and is not investment advice, a recommendation to buy, sell or hold any security, or a prediction of future returns. See SaGeminieTech’s Disclaimer.

Carrier Global Corporation (CARR) – Company Overview, Business Model & Stock Analysis