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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |