Carrier Global (CARR) Operating Margin (2019 - 2026)
Carrier Global (CARR) posted quarterly Operating Margin of 12.99% for Q2 2026, down 178.0% year-over-year from 16.65% in Q2 2025, and up 167.88% quarter-over-quarter from 4.85% in Q1 2026.
Carrier Global (CARR) Operating Margin (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has reported Operating Margin for 8 consecutive years, with 12.99% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin fell 178.0% year-over-year to 12.99%; the TTM figure through Jun 2026 stood at 7.8% (down 586.0% YoY), while the FY2025 annual figure was 9.99%, down 178.0% from the prior year.
- Operating Margin climbed to 12.99% in Q2 2026 per CARR's latest filing, from 4.85% 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.
- Historically, Operating Margin has averaged 12.51% across 5 years, with a median of 12.34% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin soared 2517 bps — and 2023, when it slumped 2714 bps.
- Carrier Global's Operating Margin stood at 4.97% in 2022, then surged by 351 bps to 12.49% in 2023, then grew by 20 bps to 15.03% in 2024, then slumped by 86 bps to 2.09% in 2025, then jumped by 522 bps to 12.99% in 2026.
- Business Quant data shows CARR's Operating Margin at 12.99% in Q2 2026, 4.85% in Q1 2026, and 2.09% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 19.27% |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 14.92% |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 12.99% |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 23.59% |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 22.45% |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 22.97% |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 17.49% |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 25.43% |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 16.94% |
| 10 | Armstrong World Industries | 7.58 Bn | 7.50 Bn | 195.00 Mn | 28.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.99% |
| 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% |