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% on a QoQ basis from 640.0% in Q4 2025.
Carrier Global (CARR) has 8 years of Tax Rate data on file, last reported at 56.47% in Q1 2026.
- Quarterly Tax Rate fell 7673.0% year-over-year to 56.47% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.32% (down 4135.0% YoY) and the FY2025 annual result came in at 13.35%, down 3335.0% from the prior year.
- Tax Rate climbed to 56.47% in Q1 2026 per CARR's latest filing, from 640.0% in the prior quarter.
- Across five years, Tax Rate topped out at 104.33% in Q4 2024 and bottomed at 640.0% in Q4 2025.
- The 5-year median for Tax Rate is 19.95% (2025), against an average of 19.27%.
- The widest annual swing landed in 2024, when Tax Rate surged 9084 bps; it then sank 74433 bps in 2025.
- Tracing CARR's Tax Rate over 5 years: stood at 7.61% in 2022, then jumped by 277 bps to 13.49% in 2023, then soared by 673 bps to 104.33% in 2024, then tumbled by 713 bps to 640.0% in 2025, then soared by 91 bps to 56.47% in 2026.
- Per Business Quant, the three latest CARR Tax Rate figures stand at 56.47% (Q1 2026), 640.0% (Q4 2025), and 0.23% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 18.52 |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 21.47 |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | -56.47 |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 20.22 |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 21.65 |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 21.75 |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 16.41 |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 16.80 |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 13.59 |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 27.78 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | 37.58 |
| Sep 30, 2023 | 37.58 |
| Jun 30, 2023 | 44.79 |
| Jun 30, 2023 | 44.79 |
| Mar 31, 2023 | 23.97 |
| Mar 31, 2023 | 23.97 |
| Dec 31, 2022 | -7.61 |
| Dec 31, 2022 | -7.61 |
| Sep 30, 2022 | 9.39 |
| Sep 30, 2022 | 9.39 |
| Jun 30, 2022 | 22.46 |
| Jun 30, 2022 | 22.46 |
| Mar 31, 2022 | 17.83 |
| Mar 31, 2022 | 17.83 |
| Dec 31, 2021 | 18.02 |
| Dec 31, 2021 | 18.02 |
| Sep 30, 2021 | 37.50 |
| Sep 30, 2021 | 37.50 |
| Jun 30, 2021 | 32.01 |
| Jun 30, 2021 | 32.01 |
| Mar 31, 2021 | 20.97 |
| Mar 31, 2021 | 20.97 |
| Dec 31, 2020 | 24.57 |
| Dec 31, 2020 | 24.57 |
| Sep 30, 2020 | 25.87 |
| Sep 30, 2020 | 25.87 |
| Jun 30, 2020 | 28.27 |
| Jun 30, 2020 | 28.27 |
| Mar 31, 2020 | 65.42 |
| Mar 31, 2020 | 65.42 |
| Dec 31, 2019 | 23.18 |
| Dec 31, 2019 | 23.18 |
| Sep 30, 2019 | 25.77 |
| Sep 30, 2019 | 25.77 |
| Jun 30, 2019 | 7.57 |
| Jun 30, 2019 | 7.57 |
| Mar 31, 2019 | 25.78 |
| Mar 31, 2019 | 25.78 |