Carrier Global CARR
NYSE CARR
$57.44 +0.81 (+1.43%)
At close: Sep 11, 2026 · 4:00 PM EDT

Carrier Global (CARR) Cost of Revenue (2019 - 2026)

Carrier Global's (CARR) quarterly Cost of Revenue came in at $4.4 billion in Q2 2026, up 7.09% year-over-year from $4.1 billion in Q2 2025, and up 14.82% quarter-over-quarter from $3.8 billion in Q1 2026.

Analysis

Carrier Global (CARR) Cost of Revenue (2019 - 2026) Analysis & Trends

Carrier Global (CARR) has reported Cost of Revenue for 8 consecutive years, with $4.4 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Cost of Revenue rose 7.09% year-over-year to $4.4 billion in Q2 2026; TTM through Jun 2026 was $15.7 billion, a 3.91% decrease from a year earlier, with the FY2025 full-year figure at $15.2 billion, down 8.04% from the prior year.
  • Cost of Revenue was $4.4 billion for Q2 2026 at Carrier Global, up from $3.8 billion in the prior quarter.
  • Over five years, Cost of Revenue peaked at $4.6 billion in Q4 2024 and troughed at $3.0 billion in Q3 2023.
  • A 5-year average of $3.8 billion and a median of $3.8 billion in 2023 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue surged 47.66% in 2023 and retreated 22.04% in 2025, its largest moves.
  • Over 5 years, Cost of Revenue stood at $3.1 billion in 2022, then soared by 47.66% to $4.5 billion in 2023, then rose by 2.08% to $4.6 billion in 2024, then dropped by 22.04% to $3.6 billion in 2025, then climbed by 22.55% to $4.4 billion in 2026.
  • The last three Cost of Revenue figures came in at $4.4 billion (Q2 2026), $3.8 billion (Q1 2026), and $3.6 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Trane Technologies 97.32 Bn 96.02 Bn 2.26 Bn 4.09 Bn
2 Johnson Controls International 88.44 Bn 87.84 Bn 2.47 Bn 4.14 Bn
3 Comfort Systems Usa 59.52 Bn 57.67 Bn 844.23 Mn 2.42 Bn
4 Carrier Global 47.35 Bn 46.33 Bn 1.94 Bn 4.41 Bn
5 Lennox International 12.64 Bn 12.59 Bn 539.50 Mn 1.01 Bn
6 Modine Manufacturing 9.98 Bn 9.92 Bn - -
7 SPX Technologies 9.61 Bn 9.44 Bn 272.80 Mn 406.20 Mn
8 Smith A O 7.80 Bn 7.62 Bn 387.80 Mn 616.50 Mn
9 Aaon 6.58 Bn 6.58 Bn 152.49 Mn 474.49 Mn
10 Legence 6.12 Bn 6.21 Bn 220.23 Mn 1.04 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 4.41 Bn
Mar 31, 2026 3.84 Bn
Dec 31, 2025 3.60 Bn
Sep 30, 2025 3.90 Bn
Jun 30, 2025 4.12 Bn
Mar 31, 2025 3.57 Bn
Dec 31, 2024 4.61 Bn
Sep 30, 2024 4.08 Bn
Jun 30, 2024 4.07 Bn
Mar 31, 2024 3.74 Bn
Dec 31, 2023 4.52 Bn
Sep 30, 2023 2.99 Bn
Jun 30, 2023 3.77 Bn
Mar 31, 2023 3.46 Bn
Dec 31, 2022 3.06 Bn
Sep 30, 2022 3.57 Bn
Jun 30, 2022 3.36 Bn
Mar 31, 2022 3.00 Bn
Dec 31, 2021 3.17 Bn
Sep 30, 2021 3.17 Bn