Carrier Global (CARR) FCF Margin (2019 - 2026)
Carrier Global (CARR) posted quarterly FCF Margin of 12.75% for Q2 2026, up 354.0% year-over-year from 2.81% in Q2 2025, and up 4641.24% quarter-over-quarter from 0.28% in Q1 2026.
Carrier Global (CARR) FCF Margin (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has reported FCF Margin for 8 consecutive years, with 12.75% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin rose 354.0% year-over-year to 12.75%; the TTM figure through Jun 2026 stood at 8.72% (up 182.0% YoY), while the FY2025 annual figure was 9.75%, up 507.0% from the prior year.
- FCF Margin advanced to 12.75% in Q2 2026 per CARR's latest filing, from 0.28% in the prior quarter.
- Across five years, FCF Margin topped out at 51.67% in Q4 2022 and bottomed at 5.54% in Q1 2022.
- Historically, FCF Margin has averaged 9.73% across 5 years, with a median of 7.55% in 2025.
- Annual changes were most pronounced in 2022 — FCF Margin jumped 3658 bps — and 2023, when it sank 3221 bps.
- Carrier Global's FCF Margin stood at 51.67% in 2022, then slumped by 62 bps to 19.46% in 2023, then tumbled by 85 bps to 2.84% in 2024, then surged by 563 bps to 18.79% in 2025, then sank by 32 bps to 12.75% in 2026.
- Business Quant data shows CARR's FCF Margin at 12.75% in Q2 2026, 0.28% in Q1 2026, and 18.79% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 16.09% |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | - |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 12.75% |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 22.74% |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 12.74% |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 8.82% |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 7.22% |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 20.30% |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 10.09% |
| 10 | Armstrong World Industries | 7.58 Bn | 7.50 Bn | 195.00 Mn | 14.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.75% |
| Mar 31, 2026 | -0.28% |
| Dec 31, 2025 | 18.79% |
| Sep 30, 2025 | 4.02% |
| Jun 30, 2025 | 9.21% |
| Mar 31, 2025 | 8.14% |
| Dec 31, 2024 | 2.84% |
| Sep 30, 2024 | 6.95% |
| Jun 30, 2024 | 9.22% |
| Mar 31, 2024 | -1.05% |
| Dec 31, 2023 | 19.46% |
| Sep 30, 2023 | 19.61% |
| Jun 30, 2023 | 5.98% |
| Mar 31, 2023 | 1.11% |
| Dec 31, 2022 | 51.67% |
| Sep 30, 2022 | 12.82% |
| Jun 30, 2022 | -0.65% |
| Mar 31, 2022 | -5.54% |
| Dec 31, 2021 | 15.10% |
| Sep 30, 2021 | 9.46% |