Carrier Global (CARR) Gross Margin (2019 - 2026)
Carrier Global (CARR) posted quarterly Gross Margin of 30.59% for Q2 2026, down 207.0% year-over-year from 28.59% in Q2 2025, and up 8.79% quarter-over-quarter from 28.12% in Q1 2026.
Carrier Global (CARR) Gross Margin (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has reported Gross Margin for 8 consecutive years, with 30.59% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 207.0% year-over-year to 30.59%; the TTM figure through Jun 2026 stood at 28.8% (down 282.0% YoY), while the FY2025 annual figure was 30.21%, down 93.0% from the prior year.
- Gross Margin advanced to 30.59% in Q2 2026 per CARR's latest filing, from 28.12% in the prior quarter.
- Across five years, Gross Margin topped out at 39.49% in Q3 2023 and bottomed at 55.22% in Q4 2022.
- Historically, Gross Margin has averaged 24.65% across 5 years, with a median of 30.77% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 9349 bps — and 2023, when it jumped 5511 bps.
- Carrier Global's Gross Margin stood at 55.22% in 2022, then soared by 100 bps to 0.12% in 2023, then surged by 26174 bps to 30.21% in 2024, then declined by 15 bps to 25.64% in 2025, then climbed by 19 bps to 30.59% in 2026.
- Business Quant data shows CARR's Gross Margin at 30.59% in Q2 2026, 28.12% in Q1 2026, and 25.64% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 35.57% |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 37.41% |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 30.59% |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 43.57% |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 36.20% |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 34.91% |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 28.77% |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 40.76% |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 40.18% |
| 10 | Armstrong World Industries | 7.58 Bn | 7.50 Bn | 195.00 Mn | 41.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 30.59% |
| Mar 31, 2026 | 28.12% |
| Dec 31, 2025 | 25.64% |
| Sep 30, 2025 | 30.17% |
| Jun 30, 2025 | 32.67% |
| Mar 31, 2025 | 31.62% |
| Dec 31, 2024 | 30.21% |
| Sep 30, 2024 | 31.78% |
| Jun 30, 2024 | 31.48% |
| Mar 31, 2024 | 30.94% |
| Dec 31, 2023 | -0.12% |
| Sep 30, 2023 | 39.49% |
| Jun 30, 2023 | 27.27% |
| Mar 31, 2023 | 23.46% |
| Dec 31, 2022 | -55.22% |
| Sep 30, 2022 | 34.53% |
| Jun 30, 2022 | 35.46% |
| Mar 31, 2022 | 35.58% |
| Dec 31, 2021 | 38.26% |
| Sep 30, 2021 | 40.61% |