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| Date | Value |
|---|---|
| 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% |