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% on a QoQ basis from $606.0 million in Q4 2025.
Carrier Global (CARR) has 8 years of Cost of Revenue data on file, last reported at $525.0 million in Q1 2026.
- Quarterly Cost of Revenue fell 33.38% year-over-year to $525.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.6 billion (up 145.17% YoY) and the FY2025 annual result came in at $2.5 billion, up 29.82% from the prior year.
- Cost of Revenue eased to $525.0 million in Q1 2026 per CARR's latest filing, from $606.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $11.8 billion in Q4 2022 and bottomed at -$10.0 billion in Q4 2024.
- The 5-year median for Cost of Revenue is $525.0 million (2026), against an average of $1.0 billion.
- The widest annual swing landed in 2024, when Cost of Revenue sank 287.75%; it then jumped 1332.73% in 2025.
- Tracing CARR's Cost of Revenue over 5 years: stood at $11.8 billion in 2022, then slumped by 55.1% to $5.3 billion in 2023, then slumped by 287.75% to -$10.0 billion in 2024, then soared by 106.08% to $606.0 million in 2025, then fell by 13.37% to $525.0 million in 2026.
- Per Business Quant, the three latest CARR Cost of Revenue figures stand at $525.0 million (Q1 2026), $606.0 million (Q4 2025), and $1.8 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 3.24 Bn |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 3.72 Bn |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 525.00 Mn |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 783.80 Mn |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 1.23 Bn |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 688.90 Mn |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 314.45 Mn |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 336.20 Mn |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 1.55 Bn |
| 10 | Owens Corning | 9.48 Bn | 9.24 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 |
| Sep 30, 2023 | 57.00 Mn |
| Sep 30, 2023 | 57.00 Mn |
| Jun 30, 2023 | 468.00 Mn |
| Jun 30, 2023 | 468.00 Mn |
| Mar 31, 2023 | 437.00 Mn |
| Mar 31, 2023 | 437.00 Mn |
| Dec 31, 2022 | 11.82 Bn |
| Dec 31, 2022 | 11.82 Bn |
| Sep 30, 2022 | 405.00 Mn |
| Sep 30, 2022 | 405.00 Mn |
| Jun 30, 2022 | 91.00 Mn |
| Jun 30, 2022 | 91.00 Mn |
| Mar 31, 2022 | 3.00 Bn |
| Mar 31, 2022 | 3.00 Bn |
| Dec 31, 2021 | -8.77 Bn |
| Dec 31, 2021 | -8.77 Bn |
| Sep 30, 2021 | 3.17 Bn |
| Sep 30, 2021 | 3.17 Bn |
| Jun 30, 2021 | 3.24 Bn |
| Jun 30, 2021 | 3.24 Bn |
| Mar 31, 2021 | 2.72 Bn |
| Mar 31, 2021 | 2.72 Bn |
| Dec 31, 2020 | -5.30 Bn |
| Dec 31, 2020 | -5.30 Bn |
| Sep 30, 2020 | 557.00 Mn |
| Sep 30, 2020 | 557.00 Mn |
| Jun 30, 2020 | 2.34 Bn |
| Jun 30, 2020 | 2.34 Bn |
| Mar 31, 2020 | 529.00 Mn |
| Mar 31, 2020 | 529.00 Mn |
| Dec 31, 2019 | -5.96 Bn |
| Dec 31, 2019 | -5.96 Bn |
| Sep 30, 2019 | 592.00 Mn |
| Sep 30, 2019 | 592.00 Mn |
| Jun 30, 2019 | 2.91 Bn |
| Jun 30, 2019 | 2.91 Bn |
| Mar 31, 2019 | 2.57 Bn |
| Mar 31, 2019 | 2.57 Bn |