Carrier Global CARR
NYSE CARR
$57.96 -1.15 (-1.95%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%