Carrier Global (CARR) Operating Margin (2019 - 2026)
Carrier Global (CARR) reported Operating Margin of 4.85% for Q1 2026, down 721.0% year-over-year from 0.78% in Q1 2025, and up 132.24% on a QoQ basis from 2.09% in Q4 2025.
Carrier Global (CARR) has 8 years of Operating Margin data on file, last reported at 4.85% in Q1 2026.
- Quarterly Operating Margin fell 721.0% year-over-year to 4.85% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 8.24% (down 473.0% YoY) and the FY2025 annual result came in at 9.99%, down 178.0% from the prior year.
- Operating Margin rose to 4.85% in Q1 2026 per CARR's latest filing, from 2.09% in the prior quarter.
- Across five years, Operating Margin topped out at 37.32% in Q1 2022 and bottomed at 4.97% in Q4 2022.
- The 5-year median for Operating Margin is 12.2% (2024), against an average of 12.48%.
- The widest annual swing landed in 2022, when Operating Margin jumped 2517 bps; it then plunged 2714 bps in 2023.
- Tracing CARR's Operating Margin over 5 years: stood at 4.97% in 2022, then surged by 351 bps to 12.49% in 2023, then gained by 20 bps to 15.03% in 2024, then tumbled by 86 bps to 2.09% in 2025, then surged by 132 bps to 4.85% in 2026.
- Per Business Quant, the three latest CARR Operating Margin figures stand at 4.85% (Q1 2026), 2.09% (Q4 2025), and 9.66% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 15.62% |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 14.71% |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 4.85% |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 14.40% |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 16.48% |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 17.14% |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 10.36% |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 15.47% |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 7.88% |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 5.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.85% |
| Dec 31, 2025 | 2.09% |
| Sep 30, 2025 | 9.66% |
| Jun 30, 2025 | 14.77% |
| Mar 31, 2025 | 12.05% |
| Dec 31, 2024 | 15.03% |
| Sep 30, 2024 | 12.75% |
| Jun 30, 2024 | 12.20% |
| Mar 31, 2024 | 7.10% |
| Dec 31, 2023 | 12.49% |
| Sep 30, 2023 | 10.33% |
| Jun 30, 2023 | 12.56% |
| Mar 31, 2023 | 10.18% |
| Dec 31, 2022 | -4.97% |
| Sep 30, 2022 | 27.99% |
| Jun 30, 2022 | 15.72% |
| Mar 31, 2022 | 37.32% |
| Dec 31, 2021 | 9.02% |
| Sep 30, 2021 | 15.50% |
| Jun 30, 2021 | 14.39% |
| Mar 31, 2021 | 12.15% |
| Dec 31, 2020 | 27.10% |
| Sep 30, 2020 | 21.61% |
| Jun 30, 2020 | 11.13% |
| Mar 31, 2020 | 8.10% |
| Dec 31, 2019 | 12.38% |
| Sep 30, 2019 | 13.04% |
| Jun 30, 2019 | 16.22% |
| Mar 31, 2019 | 11.57% |