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
DateValue
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%