earnings
confidence high
sentiment neutral
materiality 0.75
Carrier Q4 GAAP EPS $0.03, adjusted EPS $0.34; guides 2026 adj EPS ~$2.80
CARRIER GLOBAL Corp
2025-FY EPS reported
$1.72
revenue$21,747,000,000
- Q4 net sales $4.837B (-6% YoY); organic sales -9%; GAAP EPS $0.03, adjusted EPS $0.34.
- Full-year 2025 sales $21.75B (-3%); GAAP EPS $1.69, adjusted EPS $2.59; free cash flow $2.121B.
- Q4 commercial HVAC orders up ~50% on data center wins; aftermarket 5th straight year double-digit growth.
- 2026 guidance: adjusted EPS ~$2.80, free cash flow ~$2B, ~$1.5B share repurchases; expects residential weakness.
- CSA residential sales -38% in Q4; segment operating margin fell to 8.7% from 18.6%.