Carrier Global (CARR) Cost of Revenue (2019 - 2026)
Carrier Global (CARR) reported Cost of Revenue of $525.0 million for Q1 2026, down 33.38% year-over-year from $788.0 million in Q1 2025, and down 13.37% quarter-over-quarter from $606.0 million in Q4 2025.
Carrier Global (CARR) Cost of Revenue (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has 8 years of Cost of Revenue data on file, last reported at $525.0 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $525.0 million, down 33.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.6 billion (up 145.17% YoY), and the FY2025 annual result was $2.5 billion, up 29.82% from the prior year.
- Cost of Revenue slipped to $525.0 million in Q1 2026 per CARR's latest filing, from $606.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $11.8 billion in Q4 2022 and troughed at -$10.0 billion in Q4 2024.
- A 5-year average of $1.0 billion and a median of $525.0 million in 2026 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue tumbled 287.75% in 2024, then soared 1332.73% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $11.8 billion in 2022, then plunged by 55.1% to $5.3 billion in 2023, then plunged by 287.75% to -$10.0 billion in 2024, then surged by 106.08% to $606.0 million in 2025, then decreased by 13.37% to $525.0 million in 2026.
- Business Quant data shows CARR's Cost of Revenue at $525.0 million in Q1 2026, $606.0 million in Q4 2025, and $1.8 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 3.24 Bn |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 3.72 Bn |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 525.00 Mn |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 783.80 Mn |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 1.23 Bn |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 688.90 Mn |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 336.20 Mn |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 1.55 Bn |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 314.45 Mn |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | 1.76 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 525.00 Mn |
| Mar 31, 2026 | 525.00 Mn |
| Dec 31, 2025 | 606.00 Mn |
| Dec 31, 2025 | 606.00 Mn |
| Sep 30, 2025 | 1.84 Bn |
| Sep 30, 2025 | 1.84 Bn |
| Jun 30, 2025 | 654.00 Mn |
| Jun 30, 2025 | 654.00 Mn |
| Mar 31, 2025 | 788.00 Mn |
| Mar 31, 2025 | 788.00 Mn |
| Dec 31, 2024 | -9.97 Bn |
| Dec 31, 2024 | -9.97 Bn |
| Sep 30, 2024 | 511.00 Mn |
| Sep 30, 2024 | 511.00 Mn |
| Jun 30, 2024 | 648.00 Mn |
| Jun 30, 2024 | 648.00 Mn |
| Mar 31, 2024 | 55.00 Mn |
| Mar 31, 2024 | 55.00 Mn |
| Dec 31, 2023 | 5.31 Bn |
| Dec 31, 2023 | 5.31 Bn |