Carrier Global Q3 FY25: where the revenue came from and where it went
The whole income statement of Carrier Global for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 28, 2025
Revenue$5.58B
−7% year over year
Gross profit$1.49B
27% margin
Operating profit$0.54B
10% margin
Net profit$0.43B
8% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 5.58 | 100% | −7% |
| Americas | 2.71 | 49% | −8% |
| Europe | 1.29 | 23% | +4% |
| CSAME | 0.83 | 15% | −1% |
| Transportation | 0.75 | 13% | −20% |
| Cost of revenue | −4.09 | 73% | |
| Gross profit | 1.49 | 27% margin | −2pp |
| R&D | −0.15 | 3% | +0pp |
| SG&A | −0.80 | 14% | +1pp |
| Operating profit | 0.54 | 10% margin | −3pp |
| Interest & other costs | −0.11 | ||
| Net profit | 0.43 | 8% margin | +0pp |
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