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% quarter-over-quarter from 87.47% in Q4 2025.
Carrier Global (CARR) Gross Margin (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has 8 years of Gross Margin data on file, last reported at 90.17% in Q1 2026.
- Gross Margin for Q1 2026 came in at 90.17%, up 527.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 83.44% (down 5255.0% YoY), and the FY2025 annual result was 88.51%, down 293.0% from the prior year.
- Gross Margin rose to 90.17% in Q1 2026 per CARR's latest filing, from 87.47% in the prior quarter.
- Over five years, Gross Margin peaked at 293.59% in Q4 2024 and troughed at 499.49% in Q4 2022.
- A 5-year average of 57.42% and a median of 90.17% in 2026 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 77043 bps in 2022, then surged 47651 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 499.49% in 2022, then soared by 95 bps to 22.98% in 2023, then soared by 1377 bps to 293.59% in 2024, then slumped by 70 bps to 87.47% in 2025, then advanced by 3 bps to 90.17% in 2026.
- Business Quant data shows CARR's Gross Margin at 90.17% in Q1 2026, 87.47% in Q4 2025, and 67.07% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 34.77% |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 35.78% |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 90.17% |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 30.95% |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 35.77% |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 34.52% |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 40.68% |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 35.12% |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 25.88% |
| 10 | Owens Corning | 10.30 Bn | 10.07 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% |