How many subsidiaries does CARRIER GLOBAL Corp file with the SEC?

318, listed in its most recent exhibit 21. They are incorporated across 56 jurisdictions, led by Portugal, Czech Republic, United Arab Emirates. 3 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is CARRIER GLOBAL Corp financially healthy?

CARRIER GLOBAL Corp scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of CARRIER GLOBAL Corp?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), JPMORGAN CHASE & CO (trimming), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

CARRIER GLOBAL Corp (CARR)

NYSE · Common Stock · Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

318 entities across 56 jurisdictions, 3 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-05 — see the exhibit.

Which other public companies file entities in the same places:

Delaware44 Germany35 China25 France19 Netherlands18 Italy12 England10 United Kingdom9 Austria8 Switzerland8 Australia8 Hong Kong8

Subsidiaries of CARRIER GLOBAL Corp as disclosed in its SEC filing
Entity	Jurisdiction	Note
Addvolt, S.A., Portugal	Portugal
AHI Carrier CZ s.r.o., Czech Republic	Czech Republic
AHI Carrier FZC, United Arab Emirates	United Arab Emirates
AHI Carrier Hungary HVAC Limited Liability Company, Hungary	Hungary
AHI Carrier Romania S.R.L., Romania	Romania
Ainsworth Holdings SAS, France	France
AIR-COND International GmbH, Austria	Austria
Alarko Carrier Sanayi ve Ticaret A.S., Turkey	Turkey
Aldridge Holdings LLC, Delaware	Delaware
Andanoli AG, Switzerland

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

PASSReturn on assets positiveROA 4.0%
PASSOperating cash flow positiveOCF 2.5B
FAILReturn on assets improving15.0% → 4.0%
PASSCash flow exceeds earningsOCF 2.5B vs NI 1.5B
FAILLong-term debt ratio falling29.5% → 30.6% of assets
FAILCurrent ratio improving1.25 → 1.20
PASSNo share dilution912M → 862M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.60× → 0.58×

Altman Z-score

2.48grey

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$17.5B	$2.0B	$1.4B	—	880,200,000
FY2021	$20.6B	$1.7B	$1.9B	—	890,300,000
FY2022	$20.4B	$3.5B	$1.4B	—	861,200,000
FY2023	$22.1B	$1.3B	$2.1B	—	853,000,000
FY2024	$22.5B	$5.6B	$44.0M	—	911,700,000
FY2025

Ownership flow

14 institutions tracked — 8 added, 5 reduced, 1 opened a new position. Index money added 10,568,650 shares while active managers cut 228,567.

Institutional holders of CARRIER GLOBAL Corp and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	67,515,195	+9,636,537	$5.0B
MORGAN STANLEY	Active fund	10,957,072	−1,304,143	$803.7M
Point72 Asset Management, L.P.	Hedge fund	1,311,710	+1,279,310	$96.2M
BANK OF AMERICA CORP /DE/	Active fund	7,810,609

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $306.0M
2025Q1: $1.3B
2024Q1: $0
2023Q1: $62.0M
2022Q1: $734.0M
2021Q1: $36.0M

Identity

CIK: 0001783180
FIGI: BBG00RP5HYS8
SIC: 3585 · Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Incorporated: DE
Headquarters: PALM BEACH GARDENS, FL

Ownership

Institutional: 89.9%
Institutions: 2,113
Insiders: 4.8%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Related companies

Companies filing in the same SEC industry group.

LENNOX INTERNATIONAL INCLII Alliance Laundry Holdings Inc.ALH ENERPAC TOOL GROUP CORPEPAC Eaton Corp plcETN Hayward Holdings, Inc.HAYW MIDDLEBY CorpMIDD

Questions about CARRIER GLOBAL Corp

How many subsidiaries does CARRIER GLOBAL Corp file with the SEC?: 318, listed in its most recent exhibit 21. They are incorporated across 56 jurisdictions, led by Portugal, Czech Republic, United Arab Emirates. 3 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is CARRIER GLOBAL Corp financially healthy?: CARRIER GLOBAL Corp scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of CARRIER GLOBAL Corp?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), JPMORGAN CHASE & CO (trimming), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.