Carrier Global (CARR) FCF Margin (2019 - 2026)
Carrier Global's (CARR) quarterly FCF Margin came in at 12.75% in 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.
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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.
- On a quarterly basis, FCF Margin rose 354.0% year-over-year to 12.75% in Q2 2026; TTM through Jun 2026 was 8.72%, a 182.0% increase from a year earlier, with the FY2025 full-year figure at 9.75%, up 507.0% from the prior year.
- FCF Margin was 12.75% for Q2 2026 at Carrier Global, up from 0.28% in the prior quarter.
- Over five years, FCF Margin peaked at 51.67% in Q4 2022 and troughed at 5.54% in Q1 2022.
- A 5-year average of 9.73% and a median of 7.55% in 2025 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin soared 3658 bps in 2022 and slumped 3221 bps in 2023, its largest moves.
- Over 5 years, 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 soared by 563 bps to 18.79% in 2025, then sank by 32 bps to 12.75% in 2026.
- The last three FCF Margin figures came in at 12.75% (Q2 2026), 0.28% (Q1 2026), and 18.79% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.05 Bn | 95.73 Bn | 2.26 Bn | 16.09% |
| 2 | Johnson Controls International | 86.86 Bn | 86.22 Bn | 2.47 Bn | 18.05% |
| 3 | Comfort Systems Usa | 55.91 Bn | 54.06 Bn | 844.23 Mn | 30.56% |
| 4 | Carrier Global | 46.66 Bn | 45.31 Bn | 1.94 Bn | 12.75% |
| 5 | Lennox International | 12.91 Bn | 12.86 Bn | 539.50 Mn | 8.82% |
| 6 | Modine Manufacturing | 9.50 Bn | 9.43 Bn | - | - |
| 7 | SPX Technologies | 9.35 Bn | 9.18 Bn | 272.80 Mn | 10.09% |
| 8 | Smith A O | 7.78 Bn | 7.60 Bn | 387.80 Mn | 11.39% |
| 9 | Aaon | 6.27 Bn | 6.27 Bn | 152.49 Mn | -4.97% |
| 10 | Csw Industrials | 4.82 Bn | 4.79 Bn | - | - |
Historic Data
Download Data
Historic 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% |