Carrier Global (CARR) EBT Margin (2019 - 2026)
Carrier Global's EBT Margin came in at -37.73% for Q3 2026, down 45.49 percentage points from 7.76% a year earlier and down 49.08 percentage points from the prior quarter.
Powered by 
Analysis
Carrier Global (CARR) EBT Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Carrier Global reported EBT Margin of -6.44%, down 17.71 percentage points year-over-year; for FY2025, it was 8.27%, down 1.85 percentage points from FY2024.
- EBT Margin has declined in each of the last three years, with a five-year change of -8.09 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 10.11% in FY2024 (-0.44 pp), 10.55% in FY2023 (-11.57 pp), 22.11% in FY2022 (+10.47 pp) and 11.64% in FY2021 (-4.71 pp).
- The Q3 2026 figure represents the lowest quarterly EBT Margin in data going back to Q1 2019.
- Year-over-year, EBT Margin has declined for five consecutive quarters, with an average year-over-year change of -7.71 percentage points over the last eight quarters.
- The fastest year-over-year change in EBT Margin over five years came in Q1 2022 (a gain of 25.71 percentage points), and the weakest in Q3 2026 (a drop of 45.49 percentage points).
- Business Quant data shows CARR's EBT Margin at 11.35% (Q2 2026), 3.18% (Q1 2026) and 0.10% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 91.50 Bn | 86.14 Bn | 2.38 Bn | 19.01% |
| 2 | Johnson Controls International | 83.63 Bn | 81.11 Bn | 2.71 Bn | 14.94% |
| 3 | Carrier Global | 44.36 Bn | 39.10 Bn | 1.90 Bn | -37.73% |
| 4 | Comfort Systems Usa | 38.92 Bn | 32.88 Bn | 934.48 Mn | 16.86% |
| 5 | Otis Worldwide | 29.51 Bn | 26.06 Bn | 1.16 Bn | 14.10% |
| 6 | Masco | 16.33 Bn | 14.40 Bn | 720.00 Mn | 16.38% |
| 7 | Allegion | 16.19 Bn | 14.81 Bn | 548.20 Mn | 22.84% |
| 8 | James Hardie Industries | 16.17 Bn | 15.36 Bn | 562.40 Mn | 15.92% |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 18.44% |
| 10 | Madison Air Solutions | 12.50 Bn | 9.16 Bn | 422.70 Mn | 11.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -37.73% |
| Jun 30, 2026 | 11.35% |
| Mar 31, 2026 | 3.18% |
| Dec 31, 2025 | 0.10% |
| Sep 30, 2025 | 7.76% |
| Jun 30, 2025 | 13.28% |
| Mar 31, 2025 | 10.50% |
| Dec 31, 2024 | 13.46% |
| Sep 30, 2024 | 12.87% |
| Jun 30, 2024 | 9.56% |
| Mar 31, 2024 | 4.50% |
| Dec 31, 2023 | 11.68% |
| Sep 30, 2023 | 9.54% |
| Jun 30, 2023 | 8.14% |
| Mar 31, 2023 | 11.27% |
| Dec 31, 2022 | -4.67% |
| Sep 30, 2022 | 26.97% |
| Jun 30, 2022 | 14.53% |
| Mar 31, 2022 | 36.27% |
| Dec 31, 2021 | 7.89% |
API Access
Carrier Global EBT 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=ebt-margin&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();