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
DateValue
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