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CARR Carrier Global Corp

NYSE, CIK 0001783180, fiscal year ends 12/31. Last price 56.24 on 2026-10-23, market value 46.4 billion dollars.

Machine-readable: CARR.json, CARR.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

Philosophy	Score	Status	Current inputs as of	History used	Price	Verification	Rules
Graham Defensive	20 partial, missing 3, 5	partial: 3, 5	2025-12-31 stale: Revenue	2018–2025	2026-10-23	7 verified, 16 unverified	method
Magic Formula	30	ok	2026-03-31 stale: operating_income_q	—	2026-10-23	—	method
Momentum	46	ok	2026-10-23	—	2026-10-23	—	method
Insider	0	no open-market transactions in window	2026-10-23	—	—	—	method
Buffett Quality	64	ok	2026-06-30	2018–2025	2026-10-23	0 verified, 46 unverified	method
Lynch GARP	21	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 6 unverified	method
Graham Enterprising	26	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 12 unverified	method
Piotroski F-Score	44	ok	—	2024–2026	—	0 verified, 27 unverified	method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

Input	Value	Unit	Period / date	Source
Traded price	56.24	USD per traded unit (share or ADS)	2026-10-23	Yahoo Finance
SEC shares outstanding	824,325,057	underlying shares	2026-07-15	SEC cover page 10-Q 0001783180-26-000032 (824,325,057 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1783180/000178318026000032/carr-20260630.htm 0001783180-26-000032
Depositary ratio	1.0	underlying shares per traded unit		domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares	46,360,041,206	USD	2026-10-23 shares at 2026-07-15	56.24 (price 2026-10-23) / 1 x 824,325,057 (shares at 2026-07-15) = 46,360,041,206

Graham Defensive

20 of 100. partial: 3, 5. How this is scored.

Test or factor	Value	Threshold	Points
1 Adequate size	21.75 revenue $B	>= 1	5.0 / 5
2a Current ratio	1.02	>= 2.0	0.3 / 15
2b Long-term debt vs working capital	56.36 LTD / WC	<= 1.0	0.0 / 15
3 Positive earnings each of 10 years	8 years reported missing 2016, 2017	10 of 10	None / 15
4 Dividends every year for 20 years	6 of 20 missing 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019 XBRL check: 6 years agree, 14 unverified	20 of 20	4.5 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago	— missing 2014, 2015, 2016	>= +33%	None / 10
6 P/E on 3-year average EPS	17.9	<= 15	10.7 / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5	P/B 3.44, product 61.4	<= 1.5 or <= 22.5	0.0 / 10

Inputs, 25 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	56.24	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Revenue	21747000000.0	2025-12-31 stale	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001783180-26-000008	unverified
current_assets	9414000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001783180-26-000032	unverified
current_liabilities	9231000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001783180-26-000032	unverified
lt_debt	10314000000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001783180-26-000032	unverified
equity	13472000000.0	2026-06-30	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001783180-26-000032	unverified
Net income FY2018	2769000000.0	2018-12-31 history	SEC XBRL ProfitLoss 0001783180-21-000011	unverified
Net income FY2019	2155000000.0	2019-12-31 history	SEC XBRL ProfitLoss 0001783180-22-000010	unverified
Net income FY2020	2006000000.0	2020-12-31 history	SEC XBRL ProfitLoss 0001783180-23-000012	unverified
Net income FY2021	1701000000.0	2021-12-31 history	SEC XBRL ProfitLoss 0001783180-24-000009	unverified
Net income FY2022	3534000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001783180-25-000058	unverified
Net income FY2023	1349000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Net income FY2024	5604000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Net income FY2025	1484000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Dividend years (Yahoo)	[2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	verified (partly: XBRL covers 6 of 20 years)
Dividends per share FY2020 (XBRL)	0.28	2020-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001783180-23-000012	verified
Dividends per share FY2021 (XBRL)	0.51	2021-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001783180-24-000009	verified
Dividends per share FY2022 (XBRL)	0.635	2022-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001783180-25-000058	verified
Dividends per share FY2023 (XBRL)	0.745	2023-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001783180-26-000008	verified
Dividends per share FY2024 (XBRL)	0.795	2024-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001783180-26-000008	verified
Dividends per share FY2025 (XBRL)	0.675	2025-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001783180-26-000008	verified
EPS diluted FY2023	1.58	2023-12-31 history	SEC XBRL EarningsPerShareDiluted 0001783180-26-000008	unverified
EPS diluted FY2024	6.15	2024-12-31 history	SEC XBRL EarningsPerShareDiluted 0001783180-26-000008	unverified
EPS diluted FY2025	1.72	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001783180-26-000008	unverified
Shares outstanding	824325057.0	2026-07-15	SEC cover page 10-Q 0001783180-26-000032 (824,325,057 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1783180/000178318026000032/carr-20260630.htm 0001783180-26-000032	not cross-checked

Magic Formula

30 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
Earnings yield (EBIT/EV) EBIT trailing twelve months; EV = market cap + debt (11,952,000,000) - cash	3.03 % (rank 150)
Return on capital (EBIT/(NWC+PPE)) net working capital 183,000,000 used as reported	51.54 % (rank 86)
Combined rank	236

Inputs, 14 numbers with their sources

Input	Value	Period	Source	Check
operating_income	2172000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001783180-26-000008	not cross-checked
operating_income_q	259000000.0	2026-03-31 stale	SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) 0001783180-26-000026	not cross-checked
operating_income_q	629000000.0	2025-03-31 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) 0001783180-26-000026	not cross-checked
operating_income_q	825000000.0	2026-06-30	SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) 0001783180-26-000032	not cross-checked
operating_income_q	903000000.0	2025-06-30 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) 0001783180-26-000032	not cross-checked
current_assets	9414000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001783180-26-000032	not cross-checked
current_liabilities	9231000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001783180-26-000032	not cross-checked
cash	1344000000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001783180-26-000032	not cross-checked
ppe_net	3162000000.0	2026-06-30	SEC XBRL PropertyPlantAndEquipmentNet 0001783180-26-000032	not cross-checked
lt_debt	10314000000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001783180-26-000032	not cross-checked
total_debt	1638000000.0	2026-06-30	SEC XBRL DebtCurrent 0001783180-26-000032	not cross-checked
shares_out	824325057.0	2026-07-15	SEC cover page 10-Q 0001783180-26-000032 (824,325,057 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1783180/000178318026000032/carr-20260630.htm 0001783180-26-000032	not cross-checked
Price (close)	56.24	2026-10-23	Yahoo Finance / Alpaca Market Data	not cross-checked
note	debt = LongTermDebtNoncurrent + DebtCurrent			not cross-checked

Momentum

46 of 100. ok. How this is scored.

Test or factor	Value	Points
12-1 month return	-2.1 % (percentile 37.7)	18.9 / 50
6 month return	-8.0 % (percentile 24.8)	5.0 / 20
Price / 52-week high	0.743	11.1 / 15
Volatility penalty (60d annualised)	21.7 %	11.4 / 15

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Adjusted close series (14 months)	56.24	2026-10-23	Yahoo Finance / Alpaca Market Data daily history	not cross-checked

Insider

0 of 100. no open-market transactions in window. How this is scored. Form 4 data loaded through 2026-10-23

Test or factor	Value	Points
Open-market buy value / market cap (percentile among buyers)	0.0 bp	0.0 / 35
Distinct buyers	0	0.0 / 25
Buyer seniority	0.0	0.0 / 20
Recency (half-life 30d)	0.0	0.0 / 10
Sales penalty (excludes 10b5-1 plan sales)	0.0 bp	-0.0 / 0

Inputs, 0 numbers with their sources

Input	Value	Period	Source	Check

Buffett Quality

64 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Average return on equity (net income / year-end equity)	24.7% over 8 yrs	>= 15%	25.0 / 25
2 Profitable every year	8 of 8	all years	15.0 / 15
3 Net income growth, 3-yr average now vs start of window	+4.0% a year	>= +10%	4.0 / 10
4 Borrowings / 3-yr average earnings (years to repay) LongTermDebtNoncurrent + DebtCurrent	4.2 years	<= 4	14.1 / 15
5 Operating margin, 5-yr average	13.8%	>= 20%	4.8 / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex)	0.56	>= 1.0	1.2 / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap)	3.1%	>= 7%	0.4 / 15

Inputs, 48 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	56.24	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Net income FY2018	2769000000.0	2018-12-31 history	SEC XBRL ProfitLoss 0001783180-21-000011	unverified
Equity at FY2018 end	14269000000.0	2018-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001783180-22-000010	unverified
Net income FY2019	2155000000.0	2019-12-31 history	SEC XBRL ProfitLoss 0001783180-22-000010	unverified
Equity at FY2019 end	14102000000.0	2019-12-31 history	SEC XBRL StockholdersEquity 0001783180-20-000019	unverified
Net income FY2020	2006000000.0	2020-12-31 history	SEC XBRL ProfitLoss 0001783180-23-000012	unverified
Equity at FY2020 end	6578000000.0	2020-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001783180-24-000009	unverified
Net income FY2021	1701000000.0	2021-12-31 history	SEC XBRL ProfitLoss 0001783180-24-000009	unverified
Equity at FY2021 end	7094000000.0	2021-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001783180-25-000058	unverified
Net income FY2022	3534000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001783180-25-000058	unverified
Equity at FY2022 end	8076000000.0	2022-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001783180-26-000008	unverified
Net income FY2023	1349000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Equity at FY2023 end	9005000000.0	2023-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001783180-26-000008	unverified
Net income FY2024	5604000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Equity at FY2024 end	14395000000.0	2024-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001783180-26-000032	unverified
Net income FY2025	1484000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Equity at FY2025 end	14128000000.0	2025-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001783180-26-000032	unverified
Net income FY2018	2769000000.0	2018-12-31 history	SEC XBRL ProfitLoss 0001783180-21-000011	unverified
Net income FY2019	2155000000.0	2019-12-31 history	SEC XBRL ProfitLoss 0001783180-22-000010	unverified
Net income FY2020	2006000000.0	2020-12-31 history	SEC XBRL ProfitLoss 0001783180-23-000012	unverified
Net income FY2021	1701000000.0	2021-12-31 history	SEC XBRL ProfitLoss 0001783180-24-000009	unverified
Net income FY2022	3534000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001783180-25-000058	unverified
Net income FY2023	1349000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Net income FY2024	5604000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Net income FY2025	1484000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
lt_debt	10314000000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001783180-26-000032	unverified
total_debt	1638000000.0	2026-06-30	SEC XBRL DebtCurrent 0001783180-26-000032	unverified
Operating income FY2021	2645000000.0	2021-12-31 history	SEC XBRL OperatingIncomeLoss 0001783180-24-000009	unverified
Revenue FY2021	20613000000.0	2021-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001783180-24-000009	unverified
Operating income FY2022	3984000000.0	2022-12-31 history	SEC XBRL OperatingIncomeLoss 0001783180-25-000058	unverified
Revenue FY2022	17288000000.0	2022-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001783180-25-000058	unverified
Operating income FY2023	2160000000.0	2023-12-31 history	SEC XBRL OperatingIncomeLoss 0001783180-26-000008	unverified
Revenue FY2023	18951000000.0	2023-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001783180-26-000008	unverified
Operating income FY2024	2646000000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001783180-26-000008	unverified
Revenue FY2024	22486000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001783180-26-000008	unverified
Operating income FY2025	2172000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001783180-26-000008	unverified
Revenue FY2025	21747000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001783180-26-000008	unverified
Operating cash flow FY2021	2237000000.0	2021-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001783180-24-000009	unverified
Capital expenditure FY2021	344000000.0	2021-12-31 history	SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001783180-24-000009	unverified
Operating cash flow FY2022	1743000000.0	2022-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001783180-25-000058	unverified
Capital expenditure FY2022	317000000.0	2022-12-31 history	SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001783180-25-000008	unverified
Operating cash flow FY2023	2607000000.0	2023-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001783180-26-000008	unverified
Capital expenditure FY2023	439000000.0	2023-12-31 history	SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001783180-26-000008	unverified
Operating cash flow FY2024	563000000.0	2024-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001783180-26-000008	unverified
Capital expenditure FY2024	519000000.0	2024-12-31 history	SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001783180-26-000008	unverified
Operating cash flow FY2025	2513000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001783180-26-000008	unverified
Capital expenditure FY2025	392000000.0	2025-12-31 history	SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001783180-26-000008	unverified
Shares outstanding	824325057.0	2026-07-15	SEC cover page 10-Q 0001783180-26-000032 (824,325,057 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1783180/000178318026000032/carr-20260630.htm 0001783180-26-000032	not cross-checked

Lynch GARP

21 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 PEG: P/E divided by 5-yr EPS growth (in % points) earnings not positive in both years, or growth not positive: PEG undefined	—	<= 1.0	0.0 / 30
2 EPS growth, 5-yr compound rate	-5.2% a year	12% to 35% a year	0.0 / 20
3 P/E on latest annual EPS	32.7	<= 25	4.9 / 10
4 Borrowings / equity LongTermDebtNoncurrent + DebtCurrent	0.89	<= 0.5	9.2 / 15
5 Years of the last 5 in which EPS rose	2 of 5	5 of 5	6.0 / 15
6 Net cash (cash minus borrowings) / market cap	-22.9%	>= +10%	0.6 / 10

Inputs, 7 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	56.24	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
EPS diluted FY2025	1.72	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001783180-26-000008	unverified
EPS diluted FY2020	2.25	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001783180-23-000012	unverified
lt_debt	10314000000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001783180-26-000032	unverified
total_debt	1638000000.0	2026-06-30	SEC XBRL DebtCurrent 0001783180-26-000032	unverified
equity	13472000000.0	2026-06-30	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001783180-26-000032	unverified
cash	1344000000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001783180-26-000032	unverified

Graham Enterprising

26 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Current ratio	1.02	>= 1.5	0.6 / 15
2 Borrowings vs working capital LongTermDebtNoncurrent + DebtCurrent	65.31 x	<= 1.1x	0.0 / 15
3 No earnings deficit in the last 5 years	5 of 5 profitable	5 of 5	15.0 / 15
4 Pays a current dividend	yes	yes	10.0 / 10
5 EPS higher than five years earlier	2.25 -> 1.72	higher	0.0 / 10
6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets)	3.44	<= 1.2	0.0 / 20
7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive	—	<= 0.67	0.0 / 15

Inputs, 15 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	56.24	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
current_assets	9414000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001783180-26-000032	unverified
current_liabilities	9231000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001783180-26-000032	unverified
lt_debt	10314000000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001783180-26-000032	unverified
total_debt	1638000000.0	2026-06-30	SEC XBRL DebtCurrent 0001783180-26-000032	unverified
Net income FY2021	1701000000.0	2021-12-31 history	SEC XBRL ProfitLoss 0001783180-24-000009	unverified
Net income FY2022	3534000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001783180-25-000058	unverified
Net income FY2023	1349000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Net income FY2024	5604000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Net income FY2025	1484000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
Dividend years (Yahoo)	[2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	not cross-checked
EPS diluted FY2025	1.72	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001783180-26-000008	unverified
EPS diluted FY2020	2.25	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001783180-23-000012	unverified
equity	13472000000.0	2026-06-30	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0001783180-26-000032	unverified
Shares outstanding	824325057.0	2026-07-15	SEC cover page 10-Q 0001783180-26-000032 (824,325,057 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1783180/000178318026000032/carr-20260630.htm 0001783180-26-000032	not cross-checked

Piotroski F-Score

44 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Return on assets is positive	4.0%	pass = 1	11.11111111111111 / 11.11111111111111
2 Operating cash flow is positive	2,513M	pass = 1	11.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year	15.0% -> 4.0%	pass = 1	0.0 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)	2,513M vs 1,484M	pass = 1	11.11111111111111 / 11.11111111111111
5 Long-term debt / assets fell	29.5% -> 30.6%	pass = 1	0.0 / 11.11111111111111
6 Current ratio improved	1.25 -> 1.20	pass = 1	0.0 / 11.11111111111111
7 No new shares issued (share count did not rise)	851M -> 824M	pass = 1	11.11111111111111 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry)	11.8% -> 10.0%	pass = 1	0.0 / 11.11111111111111
9 Asset turnover (revenue / assets) improved	0.60 -> 0.58	pass = 1	0.0 / 11.11111111111111

Inputs, 27 numbers with their sources

Input	Value	Period	Source	Check
net_income 2025-12-31	1484000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
total_assets 2025-12-31	37190000000.0	2025-12-31 history	SEC XBRL Assets 0001783180-26-000032	unverified
cfo 2025-12-31	2513000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001783180-26-000008	unverified
net_income 2025-12-31	1484000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
net_income 2024-12-31	5604000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
total_assets 2025-12-31	37190000000.0	2025-12-31 history	SEC XBRL Assets 0001783180-26-000032	unverified
total_assets 2024-12-31	37403000000.0	2024-12-31 history	SEC XBRL Assets 0001783180-26-000008	unverified
cfo 2025-12-31	2513000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001783180-26-000008	unverified
net_income 2025-12-31	1484000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001783180-26-000008	unverified
lt_debt 2025-12-31	11365000000.0	2025-12-31 history	SEC XBRL LongTermDebtNoncurrent 0001783180-26-000032	unverified
lt_debt 2024-12-31	11026000000.0	2024-12-31 history	SEC XBRL LongTermDebtNoncurrent 0001783180-26-000008	unverified
total_assets 2025-12-31	37190000000.0	2025-12-31 history	SEC XBRL Assets 0001783180-26-000032	unverified
total_assets 2024-12-31	37403000000.0	2024-12-31 history	SEC XBRL Assets 0001783180-26-000008	unverified
current_assets 2025-12-31	8533000000.0	2025-12-31 history	SEC XBRL AssetsCurrent 0001783180-26-000032	unverified
current_assets 2024-12-31	9891000000.0	2024-12-31 history	SEC XBRL AssetsCurrent 0001783180-26-000008	unverified
current_liabilities 2025-12-31	7114000000.0	2025-12-31 history	SEC XBRL LiabilitiesCurrent 0001783180-26-000032	unverified
current_liabilities 2024-12-31	7892000000.0	2024-12-31 history	SEC XBRL LiabilitiesCurrent 0001783180-26-000008	unverified
shares_out 2026-07-15	824325057.0	2026-07-15 history	SEC XBRL EntityCommonStockSharesOutstanding 0001783180-26-000032	unverified
shares_out 2025-07-15	851022837.0	2025-07-15 history	SEC XBRL EntityCommonStockSharesOutstanding 0001783180-25-000052	unverified
operating_income 2025-12-31	2172000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001783180-26-000008	unverified
operating_income 2024-12-31	2646000000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001783180-26-000008	unverified
revenue 2025-12-31	21747000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001783180-26-000008	unverified
revenue 2024-12-31	22486000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001783180-26-000008	unverified
revenue 2025-12-31	21747000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001783180-26-000008	unverified
revenue 2024-12-31	22486000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001783180-26-000008	unverified
total_assets 2025-12-31	37190000000.0	2025-12-31 history	SEC XBRL Assets 0001783180-26-000032	unverified
total_assets 2024-12-31	37403000000.0	2024-12-31 history	SEC XBRL Assets 0001783180-26-000008	unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FY	Ended	Revenue, $M	Net income, $M	EPS diluted	Dividend	Filing
2018	2018-12-31	18,914	2,769	3.16	none	0001783180-21-000011
2019	2019-12-31	18,608	2,155	2.44	none	0001783180-22-000010
2020	2020-12-31	17,456	2,006	2.25	paid	0001783180-23-000012
2021	2021-12-31	20,613	1,701	1.87	paid	0001783180-24-000009
2022	2022-12-31	17,288	3,534	4.1	paid	0001783180-25-000058
2023	2023-12-31	18,951	1,349	1.58	paid	0001783180-26-000008
2024	2024-12-31	22,486	5,604	6.15	paid	0001783180-26-000008
2025	2025-12-31	21,747	1,484	1.72	paid	0001783180-26-000008

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

Date	Insider	Role	Type	Shares	Price	Value
2026-05-20	Viessmann Maximilian	director	sale	12,094,823	62.01	749,999,974

Filings and links

Third-party sites are linked only; nothing from them is stored here.

SEC: filing index, 8-K, Form 4, XBRL companyfacts
Prices: Yahoo Finance, Stooq
Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/CARR; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Data last checked 2026-10-26.