CARRIER GLOBAL CORPORATION FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $21.7B |
| Gross margin | — not reported |
| Operating income | $2.2B |
| Net income | $1.5B |
| Diluted EPS | $1.72 |
| Cash & equivalents | $1.6B |
| Total assets | $37.2B |
| Long-term debt | $11.4B |
Key takeaway
Carrier generated $21.7 billion in net sales and $2.2 billion in operating profit for 2025, with new equipment sales comprising 72% of revenue and parts/service 28%.
🔒 4 more takeaways in the full analysis
Beneath the surface
Net debt (total debt of $11.473B minus cash of $1.555B, or $9.9B) remains substantial, and long-term debt of $11.365B carries a low weighted average rate of 3.7%, suggesting favorable financing terms locked in earlier.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for CARR.
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