Filing Flows › Carrier Global (CARR) › Q2 2025
Carrier Global (CARR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Carrier Global (CARR) reported revenue of $6.1B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +17% from the quarter before. Operating margin was 14.8%, net earnings $591M (9.7% of revenue).
Carrier Global, Q2 2025: revenue $6.1B (+3% year over year), operating margin 14.8%, net earnings $591M, operating cash flow $649M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.1B | +17% | +3% |
| Operating profit | $903M | +44% | +25% |
| Net earnings | $591M | +43% | -75% |
| Operating cash flow | $649M | +34% | -2% |
| Free cash flow | $568M | +35% | +3% |
What changed
Revenue was $6.1B in Q2 2025, up 3% year over year and up 17% from the previous quarter. Product was the largest line at 90% of revenue. Product added $0.17B year over year (up 3%), 93% of the total change.
Operating profit was $0.90B, a 14.8% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 100% reached operating profit, above the 12% margin then. Total costs grew 0% against revenue growth of 3%. Net earnings were $0.59B, down 75% year over year. The effective tax rate was 20.4%.
Operating cash flow was $0.65B (down 2% year over year), 103% of net income including minority interests. Non-cash charges added back $0.32B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.32B. Capital expenditures of $0.08B left free cash flow of $0.57B.
Questions
What was Carrier Global's revenue in the second quarter 2025?
Carrier Global (CARR) reported revenue of $6.1B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +17% from the quarter before.
Was Carrier Global profitable in the second quarter 2025?
Operating profit was $903M (14.8% of revenue) and net earnings $591M.
Source: Carrier Global 10-Q on SEC EDGAR.