Carrier Global (CARR) Net Margin (2019 - 2026)
Carrier Global's (CARR) quarterly Net Margin came in at 7.89% in Q2 2026, down 206.0% year-over-year from 7.44% in Q2 2025, and up 76.29% quarter-over-quarter from 4.47% in Q1 2026.
Analysis
Carrier Global (CARR) Net Margin (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has reported Net Margin for 8 consecutive years, with 7.89% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 206.0% year-over-year to 7.89% in Q2 2026; TTM through Jun 2026 was 5.31%, a 152.0% decrease from a year earlier, with the FY2025 full-year figure at 6.69%, up 176.0% from the prior year.
- Net Margin was 7.89% for Q2 2026 at Carrier Global, up from 4.47% 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 7.96% and a median of 7.59% in 2025 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 2146 bps in 2022 and sank 2137 bps in 2023, its largest moves.
- Over 5 years, Net Margin stood at 5.43% in 2022, then soared by 278 bps to 9.66% in 2023, then tumbled by 110 bps to 0.93% in 2024, then soared by 162 bps to 0.58% in 2025, then surged by 1263 bps to 7.89% in 2026.
- The last three Net Margin figures came in at 7.89% (Q2 2026), 4.47% (Q1 2026), and 0.58% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.10 Bn | 95.78 Bn | 2.26 Bn | 14.72% |
| 2 | Johnson Controls International | 87.04 Bn | 86.40 Bn | 2.47 Bn | 11.37% |
| 3 | Comfort Systems Usa | 55.91 Bn | 54.06 Bn | 844.23 Mn | 13.52% |
| 4 | Carrier Global | 46.82 Bn | 45.48 Bn | 1.94 Bn | 7.89% |
| 5 | Lennox International | 12.95 Bn | 12.90 Bn | 539.50 Mn | 17.41% |
| 6 | Modine Manufacturing | 9.57 Bn | 9.49 Bn | - | - |
| 7 | SPX Technologies | 9.39 Bn | 9.22 Bn | 272.80 Mn | 11.55% |
| 8 | Smith A O | 7.80 Bn | 7.62 Bn | 387.80 Mn | 12.44% |
| 9 | Aaon | 6.31 Bn | 6.31 Bn | 152.49 Mn | 9.04% |
| 10 | Csw Industrials | 4.82 Bn | 4.79 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.89% |
| 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% |