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Saturday 17 October 2026 Export CARR’s income statement to Excel — free account

Carrier Global Corporation

CARR Industrials Building Products & Equipment

Carrier Global Corporation’s revenue for fiscal 2025 (year ended December 2025) was $21.7 billion, down 3.29% from fiscal 2024. In the quarter to June 2026, revenue grew 3.89%, EPS fell 13.0%, free cash flow grew 42.6% and total debt rose 4.45%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years; insiders bought in the last twelve months.

55.00 0.04 +0.07%
Market cap
$45.3B
P/E
37.9×
Fwd P/E
31.1×
Dividend yield
2.15%
F-score
5/9
Altman Z
2.45
Beneish M
−2.56
Dividend safety
67/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Carrier Global Corporation (CARR) Gross margin

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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

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Annual newest first

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 newest first

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 4

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 46.2%

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 →

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