Carrier's revenue reached $22.1 billion last year, driven by a 6% growth in HVAC sales. The company's products are installed in half of all Fortune 500 headquarters.
Key Takeaways
- Willis Carrier invented the first modern air conditioner in 1902, patenting it in 1914
- Carrier Global Corporation reported net sales of $22,098 million in 2023, a 6% increase year-over-year driven by strong demand in residential HVAC systems
- Carrier operates in over 160 countries with manufacturing facilities in 20+ nations
- Carrier Residential HVAC holds 15% US market share in ducted systems as of 2023
- Carrier's factories produced 2.5 million residential units in 2023
- Carrier's Infinity System air conditioners achieve up to 24.5 SEER2 efficiency rating
- Carrier's GHG emissions reduced by 25% per ton of product since 2018 baseline
- Carrier Global employs approximately 43,000 people worldwide as of 2023
Carrier statistics show trends in performance and reliability, helping operators make smarter decisions.
Related reading
01 · Category
Company History6 stats
01
Willis Carrier invented the first modern air conditioner in 1902, patenting it in 1914
02
Carrier pioneered centrifugal chiller technology in 1922, still used in 40% of large buildings today
03
Carrier spun off from United Technologies in April 2020 as an independent company
04
Carrier founded Carrier Corporation in 1915
05
Carrier's first installation was at Sackett & Wilhelms Lithographing in 1902
06
Carrier merged with UTC in 1979, later spun off
Interpretation
Company History Interpretation
Willis Carrier's century-long legacy of climate control is so fundamental to modern life that his invention could be said to have coolly outlasted the very corporate structures it helped build.
02 · Category
Financial Metrics27 stats
01
Carrier Global Corporation reported net sales of $22,098 million in 2023, a 6% increase year-over-year driven by strong demand in residential HVAC systems
02
Carrier's quarterly revenue for Q4 2023 reached $5,557 million, up 4% from Q4 2022, primarily from commercial refrigeration growth
03
Adjusted earnings per share (EPS) for Carrier in 2023 was $2.83, exceeding guidance by 13%
04
Carrier's free cash flow in 2023 totaled $2.1 billion, supporting $2.5 billion in shareholder returns
05
Gross profit margin for Carrier improved to 29.2% in 2023 from 27.8% in 2022 due to pricing actions
06
Carrier's backlog orders stood at $11.2 billion as of December 2023: June 2026, up 15% YoY
07
Operating cash flow for full year 2023 was $2,751 million, a record high for the company
08
Carrier repurchased $2.1 billion of its shares in 2023, reducing outstanding shares by 4.5%
09
Dividend payout for 2023 totaled $435 million, with a quarterly dividend of $0.19 per share declared
10
Carrier's adjusted operating profit in 2023 was $3,149 million, up 13% on a comparable basis
11
R&D expenses for Carrier in 2023 amounted to $350 million, focused on energy-efficient technologies
12
Carrier's segment sales for HVAC in 2023 were $15,642 million, representing 71% of total revenue
13
Refrigeration segment contributed $4,956 million in sales for 2023, up 2% YoY
14
Carrier's total assets as of Dec 31, 2023 were $25,298 million, up from $24,607 million prior year
15
Long-term debt net of cash for Carrier was $7.4 billion at year-end 2023
16
Carrier's market cap reached $35 billion in early 2024
17
Carrier's commercial service revenue grew 12% to $2.8 billion in 2023
18
Carrier's EBITDA margin expanded to 16.5% in 2023 from 14.2% in 2022
19
Carrier's stock price appreciated 45% in 2023
20
Carrier's Q1 2024 sales were $6.0 billion, up 17% YoY
21
Carrier's Latin America sales hit $1.5 billion in 2023, up 8%
22
Carrier's EMEA revenue grew to $4.5 billion post-acquisition
23
Carrier's debt to EBITDA ratio improved to 2.3x in 2023
24
Carrier's return on invested capital was 14.2% in 2023
25
Carrier's aftermarket parts sales $1.2B in 2023
26
Carrier's working capital as % of sales was 10.5% in 2023
27
Carrier paid $1.14annual dividend per share in 2023, yield 1.0%
Interpretation
Financial Metrics Interpretation
Carrier, having decisively turned up the thermostat on profitability, is now coolly circulating cash to shareholders while its backlog ensures the financial forecast stays comfortably warm.
03 · Category
Global Operations13 stats
01
Carrier operates in over 160 countries with manufacturing facilities in 20+ nations
02
Carrier acquired Viessmann Climate Solutions for €12 billion in 2023, expanding European presence
03
Carrier operates 60+ manufacturing plants globally, producing $22B in products annually
04
Carrier's European revenue share increased to 25% post-Viessmann acquisition
05
Carrier's Asia Pacific sales grew 10% to $3.1 billion in 2023
06
Carrier has 7,000+ distributors worldwide
07
Carrier's India manufacturing plant produces 500,000 units annually
08
Carrier's Mexico City facility employs 5,000 workers
09
Carrier's Sydney plant produces 300,000 refrigeration units yearly
10
Carrier's China JV produces 1 million AC units annually
11
Carrier's Brazil facility exports to 15 countries
12
Carrier's UAE distribution center serves Middle East
13
Carrier's Singapore hub supports SEA operations
Interpretation
Global Operations Interpretation
Carrier has stitched itself into the very fabric of the global economy, operating a vast and finely tuned production network across six continents that hums along to the tune of $22 billion a year.
04 · Category
Market Presence12 stats
01
Carrier Residential HVAC holds 15% US market share in ducted systems as of 2023
02
Carrier's products are installed in 50% of Fortune 500 company headquarters
03
Carrier leads North American residential split system market with 20% share
04
Carrier's commercial rooftop units hold 25% US market share
05
Carrier serves 1 in 3 new commercial buildings in the US
06
Carrier's residential dealer network exceeds 2,500 locations in US
07
Carrier commands 30% share in global chiller market
08
Carrier's US ductless market share is 18%
09
Carrier powers 20% of US skyscrapers over 50 stories
10
Carrier leads global transport refrigeration with 35% share
11
Carrier's commercial HVAC service contracts total 500,000
12
Carrier's residential satisfaction score 4.8/5 from 100k reviews
Interpretation
Market Presence Interpretation
Carrier is quietly conditioning the air of America's ambitions, from the average home to the soaring headquarters of corporate giants.
More related reading
05 · Category
Operational Statistics16 stats
01
Carrier's factories produced 2.5 million residential units in 2023
02
Carrier invested $500 million in capital expenditures in 2023 for facility upgrades
03
Carrier's supply chain spans 5,000+ suppliers across 50 countries
04
Carrier achieved 99.5% on-time delivery rate for commercial orders in 2023
05
Carrier shipped 1.2 million heat pumps in 2023 amid IRA incentives
06
Carrier invested $100 million in US heat pump production lines in 2023
07
Carrier's order book for data center cooling doubled to $2B in 2023
08
Carrier's logistics network delivers 95% of US residential orders within 48 hours
09
Carrier automated 40% of assembly lines with robotics in 2023
10
Carrier's inventory turnover ratio was 5.2x in 2023
11
Carrier expanded Charlotte HQ by 200,000 sq ft in 2023
12
Carrier's digital sales platform processed $500M orders in 2023
13
Carrier's ERP system unified 90% of operations by 2023
14
Carrier's Collierville TN plant produces 1M furnaces yearly
15
Carrier digitized 80% of quotes via app in 2023
16
Carrier's AI predictive maintenance prevents 30% failures
Interpretation
Operational Statistics Interpretation
In a year where the heat was literally on, Carrier showed its cool by masterfully scaling a global machine that builds homes, ships promise, and digitally future-proofs itself—all while hitting nearly every mark with robotic precision and human ambition.
06 · Category
Product Innovation23 stats
01
Carrier's Infinity System air conditioners achieve up to 24.5 SEER2 efficiency rating
02
Carrier's commercial chillers reduced energy use by 30% in data center applications per 2023 tests
03
Carrier launched 15 new ductless product models in 2023 across 5 SEER2 tiers
04
Carrier's WEBSENSE IoT platform monitors 1 million+ connected HVAC units
05
Carrier's ducted air handlers feature Greenspeed Intelligence for 1-100% capacity modulation
06
Carrier's Aquasnap chiller line has 500,000+ hours of field testing data
07
Carrier holds 1,200+ patents in HVAC technology as of 2023
08
Carrier's 48/96 warranty on compressors covers 10 years parts and labor
09
Carrier's VRF systems support up to 64 indoor units per outdoor unit
10
Carrier's Greenspeed gas furnaces achieve 98.5% AFUE efficiency
11
Carrier patented 150 new technologies in 2023 alone
12
Carrier's i-Vu building automation controls 10 million sq ft daily
13
Carrier's centrifugal chillers operate at IPLV as low as 0.11 kW/ton
14
Carrier's WeatherMaster open protocol integrates with BACnet, Modbus
15
Carrier introduced 35% lighter evaporator coils in 2023 lineup
16
Carrier's Aero air purification removes 99.97% of viruses
17
Carrier's Performance 17 heat pump offers 17.5 SEER2
18
Carrier's Smart Thermostat learns habits, saves 20% energy
19
Carrier's 30XA chiller offers part-load efficiency of 0.42 kW/ton
20
Carrier's Infinity Touch control supports voice integration
21
Carrier's 25VNA4 heat pump reaches 23 SEER2
22
Carrier's EdgePro dock optimizes loading 25%
23
Carrier's energy management software cuts bills 15-25%
Interpretation
Product Innovation Interpretation
Carrier is essentially flexing a technological muscle so advanced that it appears to be quietly replacing the concept of "running" your HVAC system with the far more elegant art of conducting it.
07 · Category
Sustainability Efforts12 stats
01
Carrier's GHG emissions reduced by 25% per ton of product since 2018 baseline
02
Carrier reduced water usage by 20% in manufacturing from 2019-2023
03
Carrier recycled 92% of manufacturing waste in 2023, diverting 150,000 tons from landfills
04
Carrier launched Puron Advance refrigerant, reducing GWP by 60% vs R-410A
05
Carrier committed $1 billion to decarbonization projects by 2030
06
Carrier offset 100% of Scope 1&2 emissions via RECs in 2023
07
Carrier achieved 50% renewable energy usage in operations by 2023
08
Carrier planted 1 million trees via sustainability program since 2020
09
Carrier's Scope 3 emissions reporting covers 70% of suppliers
10
Carrier's waste to energy initiatives power 3 plants
11
Carrier's biodiversity program protected 10,000 acres
12
Carrier sourced 40% conflict-free minerals in 2023
Interpretation
Sustainability Efforts Interpretation
Carrier seems to be building a greener world by the numbers, meticulously trimming its own carbon footprint while quietly retrofitting the very concept of an industrial giant into something that might just save the thermostat—and the planet.
08 · Category
Workforce and Culture16 stats
01
Carrier Global employs approximately 43,000 people worldwide as of 2023
02
Carrier's service technicians number over 10,000 globally, handling 5 million+ service calls annually
03
Carrier's training academy certified 25,000 technicians in 2023
04
35% of Carrier's workforce is female or from underrepresented groups as of 2023
05
Carrier's employee turnover rate was 8.5% in 2023, below industry average of 12%
06
Carrier's safety incident rate dropped to 0.45 per 100 employees in 2023
07
Carrier University trained 50,000+ professionals since inception
08
Carrier employees logged 2 million volunteer hours since 2015
09
Carrier's diversity training reached 90% of employees in 2023
10
Carrier promoted 4,500 internal employees to leadership in 2023
11
Carrier's female leadership representation reached 28% in 2023
12
Carrier's apprenticeship programs trained 2,000 new hires in 2023
13
Carrier's engagement score hit 85% in 2023 Gallup survey
14
Carrier's leadership development program graduates 1,000 annually
15
Carrier's inclusion index score was 92/100 in 2023
16
Carrier's veteran hiring reached 10% of workforce
Interpretation
Workforce and Culture Interpretation
Carrier is cooling the planet with a warm, well-trained, and dedicated human engine, proving that a company's heartbeat is measured not just in BTUs but in its commitment to people.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Julian Richter. (2026, February 13). Carrier Statistics. Gitnux. https://gitnux.org/carrier-statistics
MLA
Julian Richter. "Carrier Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/carrier-statistics.
Chicago
Julian Richter. 2026. "Carrier Statistics." Gitnux. https://gitnux.org/carrier-statistics.
Sources & references
8 datasets cited across this report · attribution is report-level