Company Dossier · Industrials
Carrier Global
- S&P 500
- Russell 1000
What Carrier Global is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to March 31, 2026: $21.9 billion, down 1.8% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to March 31, 2026: $1.69 billion, up 219% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to March 31, 2026: $0.42 billion, down 13% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $2.89 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $0.05 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (July 28, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.90 of 1.Palanor Discourse
- Guidance in the last 90 days: 2 outlook figures raised, 0 lowered, 1 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 5, 2026): 0 risk factors added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q2 2026: $750 million on the open market.SEC Form 4
- 1,656 institutional managers reported a position at June 30, 2026 (+154 on the quarter before).SEC Form 13F
Company Posture
How Company Posture is measured →What Carrier Global is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Expanding ↔ Retrenching
Withheld: 50% of the evidence is readable at this date (needs 60%).
- Capital spending—
- Debt raised—
- Buybacks vs capex—
- Hiring filings46th pct
- Deals and private raises40th pct
- Patent publications51st pct
Confident ↔ Hedging
Confident
- Call sentiment90th pct
- Call confidence91st pct
- Guidance changes87th pct
- Risk factors added61st pct
- Insider open-market trades38th pct
- + Call sentiment
- + Guidance changes
- + Call confidence
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver39th pct
- Stress filings50th pct
Credit
How these are built →Carrier Global's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$12.2B
- Due within a year $1.7B
- Longer term $10.4B
- Default point $6.9B (short + ½ long)
Finance leases included · Mar 31, 2026 filing
Bonds priced, last 12 months
None
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (CARRIER GLOBAL CORPORATION)third_quarter 2026 · $0.5 million
- Oct 1, 2026Federal awardFederal award from Department of Homeland Security$13.6 million
- Jul 24, 20268-KDirector or officer changeItem 5.02
- Jul 20, 2026LobbyingLobbying report (CARRIER GLOBAL CORPORATION)second_quarter 2026 · $0.7 million
- Apr 20, 2026LobbyingLobbying report (CARRIER GLOBAL CORPORATION)first_quarter 2026 · $0.6 million
- Apr 16, 20268-KShareholder vote resultsItem 5.07
- Feb 5, 202610-KAnnual report (10-K)0 risk factors added, 0 removed
- Jan 20, 2026LobbyingLobbying report (CARRIER GLOBAL CORPORATION)fourth_quarter 2025 · $0.3 million
- Oct 20, 2025LobbyingLobbying report (CARRIER GLOBAL CORPORATION)third_quarter 2025 · $0.5 million
- Sep 4, 20258-KDirector or officer changeItem 5.02
- Jul 21, 2025LobbyingLobbying report (CARRIER GLOBAL CORPORATION)second_quarter 2025 · $0.9 million
- Apr 21, 2025LobbyingLobbying report (CARRIER GLOBAL CORPORATION)first_quarter 2025 · $1.0 million
- Apr 17, 20258-KDirector or officer changeItem 5.02
- Apr 11, 20258-KDirector or officer changeItem 5.02
- Apr 11, 20258-KShareholder vote resultsItem 5.07
- Feb 11, 202510-KAnnual report (10-K)0 risk factors added, 0 removed
- Jan 21, 2025LobbyingLobbying report (CARRIER GLOBAL CORPORATION)fourth_quarter 2024 · $0.5 million
- Jan 15, 20258-KDirector or officer changeItem 5.02
- Dec 20, 20248-KMaterial agreement signedItem 1.01
- Dec 20, 20248-KMaterial agreement terminatedItem 1.02
- Dec 3, 20248-KDirector or officer changeItem 5.02
- Nov 8, 20248-KMaterial agreement signedItem 1.01
- Feb 6, 202410-KAnnual report (10-K)0 risk factors added, 1 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Trane Technologies TT | $22.2B | $2.5B | Jun 30, 2026 |
| Johnson Controls JCI | $24.4B | $2.7B | Mar 31, 2026 |
| Builders FirstSource BLDR | $14.4B | $0.6B | Jun 30, 2026 |
| Owens Corning OC | $9.8B | $0.9B | Jun 30, 2026 |
| Masco MAS | $7.7B | $0.9B | Mar 31, 2026 |
| Lennox International LII | $5.3B | $0.7B | Mar 31, 2026 |
| Fortune Brands Innovations FBIN | $4.4B | $0.4B | Jun 27, 2026 |
| Allegion ALLE | $4.3B | $0.7B | Jun 30, 2026 |