Carrier Global (CARR) Gross Margin (2019 - 2026)
Carrier Global's (CARR) quarterly Gross Margin came in at 30.59% in 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.
Analysis
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.
- On a quarterly basis, Gross Margin fell 207.0% year-over-year to 30.59% in Q2 2026; TTM through Jun 2026 was 28.8%, a 172.0% increase from a year earlier, with the FY2025 full-year figure at 30.21%, up 361.0% from the prior year.
- Gross Margin was 30.59% for Q2 2026 at Carrier Global, up from 28.12% in the prior quarter.
- Over five years, Gross Margin peaked at 39.49% in Q3 2023 and troughed at 55.22% in Q4 2022.
- A 5-year average of 23.29% and a median of 30.77% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 9349 bps in 2022 and soared 5050 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 55.22% in 2022, then jumped by 91 bps to 4.73% in 2023, then surged by 319 bps to 10.37% in 2024, then surged by 147 bps to 25.64% in 2025, then gained by 19 bps to 30.59% in 2026.
- The last three Gross Margin figures came in at 30.59% (Q2 2026), 28.12% (Q1 2026), and 25.64% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 98.54 Bn | 97.25 Bn | 2.26 Bn | 35.57% |
| 2 | Johnson Controls International | 87.78 Bn | 87.18 Bn | 2.47 Bn | 37.41% |
| 3 | Comfort Systems Usa | 56.67 Bn | 54.82 Bn | 844.23 Mn | 25.85% |
| 4 | Carrier Global | 49.23 Bn | 48.21 Bn | 1.94 Bn | 30.59% |
| 5 | Lennox International | 13.50 Bn | 13.44 Bn | 539.50 Mn | 34.91% |
| 6 | Modine Manufacturing | 10.26 Bn | 10.20 Bn | - | - |
| 7 | SPX Technologies | 9.84 Bn | 9.67 Bn | 272.80 Mn | 40.18% |
| 8 | Smith A O | 8.22 Bn | 8.04 Bn | 387.80 Mn | 38.61% |
| 9 | Aaon | 6.55 Bn | 6.55 Bn | 152.49 Mn | 24.32% |
| 10 | Legence | 5.72 Bn | 5.81 Bn | 220.23 Mn | 17.45% |
Historic Data
Download Data
Historic 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 | 10.37% |
| Sep 30, 2024 | 31.78% |
| Jun 30, 2024 | 31.48% |
| Mar 31, 2024 | 30.94% |
| Dec 31, 2023 | -4.73% |
| 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% |