Carrier Global (CARR) Net Margin (2019 - 2026)
Carrier Global (CARR) posted quarterly Net Margin of 7.89% for 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.
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.
- In Q2 2026, Net Margin fell 206.0% year-over-year to 7.89%; the TTM figure through Jun 2026 stood at 5.31% (down 152.0% YoY), while the FY2025 annual figure was 6.69%, up 176.0% from the prior year.
- Net Margin rose to 7.89% in Q2 2026 per CARR's latest filing, from 4.47% in the prior quarter.
- Across five years, Net Margin topped out at 29.63% in Q1 2022 and bottomed at 5.43% in Q4 2022.
- Historically, Net Margin has averaged 7.96% across 5 years, with a median of 7.59% in 2025.
- Annual changes were most pronounced in 2022 — Net Margin surged 2146 bps — and 2023, when it plunged 2137 bps.
- Carrier Global's Net Margin stood at 5.43% in 2022, then surged by 278 bps to 9.66% in 2023, then tumbled by 110 bps to 0.93% in 2024, then surged by 162 bps to 0.58% in 2025, then jumped by 1263 bps to 7.89% in 2026.
- Business Quant data shows CARR's Net Margin at 7.89% in Q2 2026, 4.47% in Q1 2026, and 0.58% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 14.72% |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 11.37% |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 7.89% |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 16.72% |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 16.25% |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 17.41% |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 8.24% |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 16.94% |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 11.55% |
| 10 | Armstrong World Industries | 7.58 Bn | 7.50 Bn | 195.00 Mn | 20.49% |
Historic Data
Download 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% |