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Carrier Global Corporation logo

Carrier Global Corporation

CARR•Rank #265•Industrials•Building Products & Equipment

Market Cap

$46.5B

Global Rank

#265

All-Time High

$58.2B

2026-07-06

Total Growth

+0%

since 2026

Market Cap Context

  • Larger than 28% of the 367 companies we track (globally).
  • Equivalent to 0.2% of United States's GDP (2025 data).
  • Just above: #264 BASF SE ($46.9B)
  • Just below: #266 Veeva Systems Inc. ($45.4B)
  • Best year: 2021 (+45%). Worst year: 2022 (-23%).

Carrier Global Corporation Financial Breakdown (FY 2025)

Source: Yahoo Finance — CARR annual filings (2025) →

$21.7B revenue · $1.9B operating income · $1.5B net income

  • ●Operating margin: 8.8% on $21.7B in revenue.
  • ●R&D is 2.9% of revenue ($0.6B).
  • ●Net income margin: 6.8% — $1.5B in profit.
  • ●Free cash flow: $2.1B (9.8% of revenue).

Cost / Operating Expenses

Total operating expenses $19.8B

Total

$19.8B

Cost of revenue· Product / service delivery costs (COGS)$16.1B81.3%
Research & development$0.6B3.2%
Selling, general & administrative· Sales, marketing, and corporate overhead$3.1B15.6%

Capital Expenditures

$0.4B

This fiscal year (near-total AI infrastructure buildout)

Free Cash Flow

$2.1B

Trailing twelve months

Figures rounded from the annual SEC filing. Unaudited. For informational purposes only, not investment advice.

About Carrier Global Corporation

Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an independent company manufacturing and distributing HVAC systems, and has since expanded to include manufacturing commercial refrigeration and food service equipment, and fire and security technologies.

Wikipedia →

Carrier Global Corporation Market Cap History (2026–2026)

Carrier Global Corporation vs Sector Peers by Market Cap

Thales S.A.HO.PA
$51.0B
AB Volvo (publ)VOLV-B.ST
$49.7B
Westinghouse Air Brake Technologies CorporationWAB
$48.6B
Carrier Global CorporationCARR
$46.5B
Thomson Reuters CorporationTRI.TO
$44.3B
L3Harris Technologies, Inc.LHX
$44.3B
Daikin Industries,Ltd.6367.T
$38.9B
Old Dominion Freight Line, Inc.ODFL
$36.0B

Compare Carrier Global Corporation

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Ranking History

YearMarket CapRankYoY Change
2026$46.5B#265(↑1)+6.7%
2025$43.5B#266(↓50)-21.5%
2024$55.5B#216(↑14)+20.3%
2023$46.2B#230(↑29)+41.6%
2022$32.6B#259(↓25)-22.8%
2021$42.2B#234(↑29)+45.3%
2020$29.0B#263

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FAQ

What is Carrier Global Corporation's market cap?

Carrier Global Corporation (CARR) has a market capitalization of $46.5B, making it the #265 largest company in the world by market cap.

What was Carrier Global Corporation's highest market cap?

Carrier Global Corporation's all-time high market cap was $58.2B, reached in 2026-07-06. Its highest rank was #216 in 2024.

What sector is Carrier Global Corporation in?

Carrier Global Corporation is in the Industrials sector, specifically the Building Products & Equipment industry. It is based in United States.

How has Carrier Global Corporation's market cap changed over time?

Carrier Global Corporation has been tracked since 2026. Its market cap has grown by 0% from $46.5B in 2026 to $46.5B today.