Carrier Global (CARR) Net Margin (2019 - 2026)

Carrier Global (CARR) reported Net Margin of 4.47% for Q1 2026, down 342.0% year-over-year from 1.85% in Q1 2025, and up 673.02% quarter-over-quarter from 0.58% in Q4 2025.

Carrier Global (CARR) Net Margin (2019 - 2026) Analysis & Trends

Carrier Global (CARR) has 8 years of Net Margin data on file, last reported at 4.47% in Q1 2026.

  • Net Margin for Q1 2026 came in at 4.47%, down 342.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.86% (down 16.0% YoY), and the FY2025 annual result was 6.69%, up 176.0% from the prior year.
  • Net Margin climbed to 4.47% in Q1 2026 per CARR's latest filing, from 0.58% in the prior quarter.
  • Over five years, Net Margin peaked at 29.63% in Q1 2022 and troughed at 5.43% in Q4 2022.
  • A 5-year average of 7.97% and a median of 7.3% in 2025 frame the typical range for Net Margin.
  • The sharpest annual moves came in 2022 and 2023: Net Margin surged 2146 bps in 2022, then plunged 2137 bps in 2023.
  • A 5-year view of Net Margin shows it stood at 5.43% in 2022, then jumped by 278 bps to 9.66% in 2023, then slumped by 110 bps to 0.93% in 2024, then jumped by 162 bps to 0.58% in 2025, then surged by 673 bps to 4.47% in 2026.
  • Business Quant data shows CARR's Net Margin at 4.47% in Q1 2026, 0.58% in Q4 2025, and 7.3% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn -0.20%
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn -1.04%
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 4.47%
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 10.33%
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 11.89%
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn -
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn -0.79%
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 1.55%
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 7.55%
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn -6.31%

Historic Data

Download Data
DateValue
Mar 31, 2026 4.47%
Dec 31, 2025 0.58%
Sep 30, 2025 7.30%
Jun 30, 2025 9.95%
Mar 31, 2025 7.90%
Dec 31, 2024 -0.93%
Sep 30, 2024 9.43%
Jun 30, 2024 6.99%
Mar 31, 2024 3.27%
Dec 31, 2023 9.66%
Sep 30, 2023 5.47%
Jun 30, 2023 3.84%
Mar 31, 2023 8.26%
Dec 31, 2022 -5.43%
Sep 30, 2022 24.07%
Jun 30, 2022 11.00%
Mar 31, 2022 29.63%
Dec 31, 2021 6.31%
Sep 30, 2021 8.78%
Jun 30, 2021 8.95%