Carrier Global (CARR) EBITDA Margin (2019 - 2026)
Carrier Global (CARR) recorded EBITDA Margin of -31.12% in Q3 2026, down 46.61 percentage points from 15.49% a year earlier and down 49.05 percentage points from the prior quarter.
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Analysis
Carrier Global (CARR) EBITDA Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Carrier Global's EBITDA Margin came in at 0.85% as of Sep 30, 2026, down 17.77 percentage points year-over-year; for FY2025, it was 15.85%, down 1.40 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of -3.74 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 17.25% in FY2024 (+3.26 pp), 13.99% in FY2023 (-10.95 pp), 24.94% in FY2022 (+10.47 pp) and 14.47% in FY2021 (-5.11 pp).
- The Q3 2026 figure is the lowest quarterly EBITDA Margin in data going back to Q1 2019.
- On a year-over-year basis, EBITDA Margin has declined for five consecutive quarters, with an average year-over-year change of -7.10 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 25.10 percentage points in Q1 2022, against a drop of 46.61 percentage points in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 17.93% (Q2 2026), 10.75% (Q1 2026) and 8.89% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 93.66 Bn | 88.28 Bn | 2.38 Bn | 21.42% |
| 2 | Johnson Controls International | 87.35 Bn | 85.08 Bn | 2.47 Bn | 17.37% |
| 3 | Carrier Global | 43.73 Bn | 38.10 Bn | 1.90 Bn | -31.12% |
| 4 | Comfort Systems Usa | 39.84 Bn | 33.80 Bn | 934.48 Mn | 17.85% |
| 5 | Otis Worldwide | 29.53 Bn | 25.92 Bn | 1.16 Bn | 16.89% |
| 6 | James Hardie Industries | 17.19 Bn | 15.75 Bn | 562.40 Mn | 29.82% |
| 7 | Masco | 16.43 Bn | 14.23 Bn | 720.00 Mn | - |
| 8 | Allegion | 15.94 Bn | 14.56 Bn | 548.20 Mn | 27.35% |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 23.37% |
| 10 | Lennox International | 11.88 Bn | 11.69 Bn | 497.20 Mn | 22.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -31.12% |
| Jun 30, 2026 | 17.93% |
| Mar 31, 2026 | 10.75% |
| Dec 31, 2025 | 8.89% |
| Sep 30, 2025 | 15.49% |
| Jun 30, 2025 | 19.96% |
| Mar 31, 2025 | 17.86% |
| Dec 31, 2024 | 21.21% |
| Sep 30, 2024 | 17.96% |
| Jun 30, 2024 | 17.16% |
| Mar 31, 2024 | 12.79% |
| Dec 31, 2023 | 15.34% |
| Sep 30, 2023 | 12.26% |
| Jun 30, 2023 | 15.21% |
| Mar 31, 2023 | 13.19% |
| Dec 31, 2022 | -1.37% |
| Sep 30, 2022 | 29.87% |
| Jun 30, 2022 | 17.18% |
| Mar 31, 2022 | 39.02% |
| Dec 31, 2021 | 10.71% |
API Access
Carrier Global EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "CARR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();