A carrying case for ice fishing equipment allows a user to combine tip ups and fishing rods and reels in the most efficient manner. One example carrying case can be carried upon the user's back. The example carrying case has a first compartment that has a plurality of rod and reel sections, each sized to accommodate a fishing rod and reel. Each of the first sections has a first length and a first thickness along a first portion of the first length, where the first portion accommodates at least some of the rod. The example carrying case has a plurality of tip up sections each sized to accommodate a tip up. Each of the second sections has a second length shorter than the first length. Each of the second sections has a second thickness along the second length. Each of the first sections have a third thickness that is greater than the first thickness being along a second portion of the first length that corresponds to a difference between the first length and the second length. The second portion is adjacent to one end of the second compartment.