Carrier Global (CARR) Gross Margin (2019 - 2026)
Carrier Global (CARR) reported Gross Margin of 90.17% for Q1 2026, up 527.0% year-over-year from 14.38% in Q1 2025, and up 3.09% on a QoQ basis from 87.47% in Q4 2025.
Carrier Global (CARR) has 8 years of Gross Margin data on file, last reported at 90.17% in Q1 2026.
- Quarterly Gross Margin rose 527.0% year-over-year to 90.17% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 83.44% (down 5255.0% YoY) and the FY2025 annual result came in at 88.51%, down 293.0% from the prior year.
- Gross Margin grew to 90.17% in Q1 2026 per CARR's latest filing, from 87.47% in the prior quarter.
- Across five years, Gross Margin topped out at 293.59% in Q4 2024 and bottomed at 499.49% in Q4 2022.
- The 5-year median for Gross Margin is 90.17% (2026), against an average of 57.42%.
- The widest annual swing landed in 2022, when Gross Margin sank 77043 bps; it then soared 47651 bps in 2023.
- Tracing CARR's Gross Margin over 5 years: stood at 499.49% in 2022, then jumped by 95 bps to 22.98% in 2023, then jumped by 1377 bps to 293.59% in 2024, then plunged by 70 bps to 87.47% in 2025, then rose by 3 bps to 90.17% in 2026.
- Per Business Quant, the three latest CARR Gross Margin figures stand at 90.17% (Q1 2026), 87.47% (Q4 2025), and 67.07% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 34.77% |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 35.78% |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 90.17% |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 30.95% |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 35.77% |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 34.52% |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 25.88% |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 40.68% |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 35.12% |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 22.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 90.17% |
| Dec 31, 2025 | 87.47% |
| Sep 30, 2025 | 67.07% |
| Jun 30, 2025 | 89.30% |
| Mar 31, 2025 | 84.90% |
| Dec 31, 2024 | 293.59% |
| Sep 30, 2024 | 91.46% |
| Jun 30, 2024 | 89.08% |
| Mar 31, 2024 | 98.99% |
| Dec 31, 2023 | -22.98% |
| Sep 30, 2023 | 98.84% |
| Jun 30, 2023 | 90.97% |
| Mar 31, 2023 | 90.33% |
| Dec 31, 2022 | -499.49% |
| Sep 30, 2022 | 92.57% |
| Jun 30, 2022 | 98.25% |
| Mar 31, 2022 | 35.58% |
| Dec 31, 2021 | 270.93% |
| Sep 30, 2021 | 40.61% |
| Jun 30, 2021 | 40.53% |
| Mar 31, 2021 | 42.03% |
| Dec 31, 2020 | 215.41% |
| Sep 30, 2020 | 88.86% |
| Jun 30, 2020 | 41.01% |
| Mar 31, 2020 | 86.39% |
| Dec 31, 2019 | 232.33% |
| Sep 30, 2019 | 87.72% |
| Jun 30, 2019 | 41.43% |
| Mar 31, 2019 | 40.67% |