Carrier Global Corporation (NYSE: CARR)
Building Products & Equipment · Palm Beach Gardens, FL, United States · Founded 1915
- Market capitalization: $55.0 billion
- Annual revenue: $21.75 billion
- Net income: $1.48 billion
- Employees: 53,000
- Sector: Industrials
- Headquarters: Palm Beach Gardens, United States
- Founded: 1915
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Carrier Global makes HVAC, refrigeration, and fire and security systems. They're the company Willis Carrier founded after inventing modern air conditioning in 1902. After being spun off from United Technologies in 2020, they've been reshaping the portfolio — acquiring Viessmann's climate business and divesting fire and security.
Sell HVAC equipment, refrigeration systems, and controls to residential, commercial, and transport customers. The Viessmann acquisition added European heat pump leadership. Service and aftermarket revenue from the installed base provides recurring income.
Willis Carrier invented modern air conditioning in 1902, and the company bearing his name has been a climate technology leader ever since. Carrier was part of United Technologies until the 2020 spinoff. The $13 billion acquisition of Viessmann Climate Solutions in 2024 was transformative, adding European heat pump dominance.
| Market Capitalization | $55.0B |
| Annual Revenue | $21.75B |
| Net Income | $1.48B |
| Profit Margin | 7% |
| Revenue per Employee | $410377K |
| Stock Exchange | NYSE |
| Ticker Symbol | CARR |
Financial data is approximate and based on most recent annual filings.
Willis Carrier's invention of modern AC literally made cities like Houston, Phoenix, and Dubai habitable for large populations. The Viessmann deal made Carrier the global leader in heat pumps overnight.
Carrier invented the industry and is now reinventing itself for the energy transition. The Viessmann deal was expensive but strategically brilliant.
What is Carrier Global Corporation's revenue?
Carrier Global Corporation generates approximately $21.75 billion in annual revenue.
How many employees does Carrier Global Corporation have?
Carrier Global Corporation employs approximately 53,000 people worldwide.
What is Carrier Global Corporation's market cap?
Carrier Global Corporation (CARR) has a market capitalization of approximately $55.0 billion on the NYSE.
When was Carrier Global Corporation founded?
Carrier Global Corporation was founded in 1915 and is headquartered in Palm Beach Gardens, FL, United States.
Who is the CEO of Carrier Global Corporation?
David Gitlin is the current CEO of Carrier Global Corporation.
What is Carrier Global Corporation's website?
Carrier Global Corporation's official website is carrier.com.
| CEO | David Gitlin |
| Sector | Industrials |
| Industry | Building Products & Equipment |
| Founded | 1915 |
| HQ | Palm Beach Gardens, FL |
| Country | United States |
| Website | carrier.com |
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