FINHUB Insights

CARR · Q3 FY25 · Jul 1 – Sep 30, 2025

Carrier Global Q3 FY25: where the revenue came from and where it went

Carrier Global Q3 FY25: revenue $5.6B (−7% year over year). Net profit $0.4B. Largest cohort Climate Solutions Americas $2.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 28, 2025 10-Q
Sankey diagram of Carrier Global's income statement for Q3 FY25: revenue of $5.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$5.6B −7% year over year
Gross profit$1.9B 34% margin
Operating profit$0.5B 10% margin
Net profit$0.4B 8% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 5.6 100% −7%
Climate Solutions Americas 2.7 48% −8%
Climate Solutions Europe 1.3 23% +4%
Climate Solutions CSAME 0.8 14% −1%
Climate Solutions Transportation 0.7 12% −20%
Cost of revenue−3.766%
Gross profit1.934% margin+0pp
Research & development−0.23%+0pp
SG&A−0.814%+1pp
Other−0.48%+0pp
Operating profit0.510% margin−3pp
Interest & other costs−0.1
Net profit0.48%+0pp
Filing on EDGAR More quarters of CARR

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters