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% on a QoQ basis from 0.58% in Q4 2025.
Carrier Global (CARR) has 8 years of Net Margin data on file, last reported at 4.47% in Q1 2026.
- Quarterly Net Margin fell 342.0% year-over-year to 4.47% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.86% (down 16.0% YoY) and the FY2025 annual result came in at 6.69%, up 176.0% from the prior year.
- Net Margin improved to 4.47% in Q1 2026 per CARR's latest filing, from 0.58% 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.
- The 5-year median for Net Margin is 7.3% (2025), against an average of 7.97%.
- The widest annual swing landed in 2022, when Net Margin soared 2146 bps; it then slumped 2137 bps in 2023.
- Tracing CARR's Net Margin over 5 years: stood at 5.43% in 2022, then surged by 278 bps to 9.66% in 2023, then plunged by 110 bps to 0.93% in 2024, then surged by 162 bps to 0.58% in 2025, then soared by 673 bps to 4.47% in 2026.
- Per Business Quant, the three latest CARR Net Margin figures stand at 4.47% (Q1 2026), 0.58% (Q4 2025), and 7.3% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | -0.20% |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | -1.04% |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 4.47% |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 10.33% |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 11.89% |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | - |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 7.55% |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | -0.79% |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 1.55% |
| 10 | Owens Corning | 9.48 Bn | 9.24 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% |
| Mar 31, 2021 | 8.17% |
| Dec 31, 2020 | 19.24% |
| Sep 30, 2020 | 14.81% |
| Jun 30, 2020 | 6.57% |
| Mar 31, 2020 | 2.47% |
| Dec 31, 2019 | 9.78% |
| Sep 30, 2019 | 10.20% |
| Jun 30, 2019 | 15.80% |
| Mar 31, 2019 | 9.25% |