Carrier Global (CARR) Q4 FY25 earnings call

Earnings call· Dec 2025 (Q4 FY25)· Industrials· Feb 5, 2026

Source: earnings call transcript

Carrier Global navigated a challenging Q4 FY25 marked by significant softening in short-cycle residential and light commercial markets, which led to a 1% organic sales decline for the full year. Despite these headwinds, the company achieved strong double-digit growth in its data center and aftermarket businesses, alongside robust commercial HVAC performance. Strategic cost actions and investments in technology differentiation are positioning Carrier for stronger incremental margins and outsized gains when short-cycle markets eventually recover.

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CARR operating KPIs by quarter

CARR operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2024 Q4 FY24	Mar 2025 Q1 FY25	Sep 2025 Q3 FY25	This call Dec 2025 Q4 FY25	Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Change vs prior quarter
Employees	50K Patrick, thank you, and thanks to our 50,000 team members globally. Source: earnings call transcript	50K Let me start by thanking our 50,000 teammates for delivering another strong quarter. Source: earnings call transcript	50K And let me just close by thanking you all for joining the call, and thanks to our 50,000 colleagues globally. Source: earnings call transcript	<50K So my thanks to our nearly 50,000 teammates around the world, and thanks to our investors for your continued confidence. Source: earnings call transcript	—	50K And I want to thank our 50,000 team members around the world. Source: earnings call transcript	—
Paid subscriptions Lynx	—	—	~210K Paid subscriptions for Lynx, our digital platform for transportation, were up 40% in the quarter to about 210,000. Source: earnings call transcript	220K+ Today, we have over 220,000 paid Lynx subscriptions with over 110,000 on containers, including 6 of the world's top 10 shipping lines. Source: earnings call transcript	<240K Our Lynx subscriptions cover nearly 240,000 units, and we expect to triple this number in the next few years. Source: earnings call transcript	—	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.