Carrier Global (CARR) Change in Inventory (2019 - 2026)
Carrier Global (CARR) reported Change in Inventory of $68 million for Q3 2026, down 41.4% from $116 million a year earlier and down 65.5% from the prior quarter.
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Analysis
Carrier Global (CARR) Change in Inventory (2019 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Carrier Global's Change in Inventory came in at -$44 million; for FY2025, it came in at $81 million.
- Change in Inventory has a five-year compound annual growth rate of -19.5% (FY2020 to FY2025).
- By year, Change in Inventory came in at -$292 million in FY2024, -$123 million in FY2023, $173 million in FY2022 (-57.6%) and $408 million in FY2021 (+70.0%).
- Five-year quarterly Change in Inventory spans a low of -$447 million in Q4 2025 and a high of $390 million in Q1 2022.
- Year over year, Change in Inventory gained in two of the last four quarters, with growth averaging 61.1%.
- The high point for year-over-year Change in Inventory in five years was Q1 2025 (growth of 262.7%); the low point was Q3 2023 (a decline of 77.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $197 million (Q2 2026), $138 million (Q1 2026) and -$447 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 93.66 Bn | 88.28 Bn | 2.38 Bn | - |
| 2 | Johnson Controls International | 87.35 Bn | 85.08 Bn | 2.47 Bn | 26.00 Mn |
| 3 | Carrier Global | 43.73 Bn | 38.10 Bn | 1.90 Bn | 68.00 Mn |
| 4 | Comfort Systems Usa | 39.84 Bn | 33.80 Bn | 934.48 Mn | 15.47 Mn |
| 5 | Otis Worldwide | 29.53 Bn | 25.92 Bn | 1.16 Bn | -1.00 Mn |
| 6 | James Hardie Industries | 17.19 Bn | 15.75 Bn | 562.40 Mn | -28.10 Mn |
| 7 | Masco | 16.43 Bn | 14.23 Bn | 720.00 Mn | 17.00 Mn |
| 8 | Allegion | 15.94 Bn | 14.56 Bn | 548.20 Mn | - |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 37.70 Mn |
| 10 | Lennox International | 11.88 Bn | 11.69 Bn | 497.20 Mn | -33.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 68.00 Mn |
| Jun 30, 2026 | 197.00 Mn |
| Mar 31, 2026 | 138.00 Mn |
| Dec 31, 2025 | -447.00 Mn |
| Sep 30, 2025 | 116.00 Mn |
| Jun 30, 2025 | 111.00 Mn |
| Mar 31, 2025 | 301.00 Mn |
| Dec 31, 2024 | -216.00 Mn |
| Sep 30, 2024 | -69.00 Mn |
| Jun 30, 2024 | -90.00 Mn |
| Mar 31, 2024 | 83.00 Mn |
| Dec 31, 2023 | -195.00 Mn |
| Sep 30, 2023 | 13.00 Mn |
| Jun 30, 2023 | -67.00 Mn |
| Mar 31, 2023 | 126.00 Mn |
| Dec 31, 2022 | -319.00 Mn |
| Sep 30, 2022 | 57.00 Mn |
| Jun 30, 2022 | 45.00 Mn |
| Mar 31, 2022 | 390.00 Mn |
| Dec 31, 2021 | 64.00 Mn |
API Access
Carrier Global Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "CARR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();