Carrier Global Corporation CARR

56.37 1.50 2.73% as of 25 Sep
Market cap
$45.3B
P/E
38.9×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Carrier Global Corporation (CARR) Gross margin

Carrier Global Corporation's gross margin over the twelve months to 30 June 2026 was 24.3%, down 1.5 percentage points from fiscal 2025 (25.9%). Over the past ten years it has ranged from 24.9% (fiscal 2022) to 29.4% (fiscal 2018); the current reading is higher than 22% of that period. That is below the Building Products & Equipment industry median of 29.2% and below the Industrials sector median of 30.5%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 25.9% (0.74)
FY2024 26.6% (0.64)
FY2023 27.2% 2.38
FY2022 24.9% (4.15)
FY2021 29.0% (0.26)
FY2020 29.3% 0.15
FY2019 29.1% (0.32)
FY2018 29.4% 0.33
FY2017 29.1% —

Quarterly

Period Gross margin Change (points)
Jun 2026 27.2% 3.92
Mar 2026 23.3% 3.42
Dec 2025 19.9% (6.10)
Sep 2025 26.0% (2.97)
26 more quarters

Against its own ten years

Low 24.9% High 29.4%
Ten-year median 29.0%
Current reading's percentile 22

Gross margin against peers

Company Gross margin
SPXC SPX Technologies, Inc. compare 40.2%
WMS Advanced Drainage Systems, Inc. compare 38.7%
MAS Masco Corporation compare 37.0%
JCI Johnson Controls International plc compare 36.7%
TT Trane Technologies plc compare 35.4%
CSL Carlisle Companies Incorporated compare 35.3%
LII Lennox International, Inc. compare 33.3%
OC Owens Corning Inc compare 26.0%
CARR Carrier Global Corporation 24.3%
Building Products & Equipment industry median 29.2%
Industrials sector median 30.5%
Market median 46.3%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on CARR