Carrier Global (CARR) Tax Rate (2019 - 2026)

Carrier Global (CARR) reported Tax Rate of 56.47% for Q1 2026, down 7673.0% year-over-year from 0.75% in Q1 2025, and up 91.18% quarter-over-quarter from 640.0% in Q4 2025.

Carrier Global (CARR) Tax Rate (2019 - 2026) Analysis & Trends

Carrier Global (CARR) has 8 years of Tax Rate data on file, last reported at 56.47% in Q1 2026.

  • Tax Rate for Q1 2026 came in at 56.47%, down 7673.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.32% (down 4135.0% YoY), and the FY2025 annual result was 13.35%, down 3335.0% from the prior year.
  • Tax Rate advanced to 56.47% in Q1 2026 per CARR's latest filing, from 640.0% in the prior quarter.
  • Over five years, Tax Rate peaked at 104.33% in Q4 2024 and troughed at 640.0% in Q4 2025.
  • A 5-year average of 19.27% and a median of 19.95% in 2025 frame the typical range for Tax Rate.
  • The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 9084 bps in 2024, then tumbled 74433 bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 7.61% in 2022, then soared by 277 bps to 13.49% in 2023, then surged by 673 bps to 104.33% in 2024, then sank by 713 bps to 640.0% in 2025, then surged by 91 bps to 56.47% in 2026.
  • Business Quant data shows CARR's Tax Rate at 56.47% in Q1 2026, 640.0% in Q4 2025, and 0.23% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 18.52
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 21.47
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn -56.47
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 20.22
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 21.65
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 21.75
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 16.80
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 13.59
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 16.41
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 27.78

Historic Data

Download Data
DateValue
Mar 31, 2026 -56.47%
Mar 31, 2026 -56.47%
Dec 31, 2025 -640.00%
Dec 31, 2025 -640.00%
Sep 30, 2025 -0.23%
Sep 30, 2025 -0.23%
Jun 30, 2025 19.95%
Jun 30, 2025 19.95%
Mar 31, 2025 20.26%
Mar 31, 2025 20.26%
Dec 31, 2024 104.33%
Dec 31, 2024 104.33%
Sep 30, 2024 22.34%
Sep 30, 2024 22.34%
Jun 30, 2024 21.16%
Jun 30, 2024 21.16%
Mar 31, 2024 19.26%
Mar 31, 2024 19.26%
Dec 31, 2023 13.49%
Dec 31, 2023 13.49%