Pricing Log in Create free account
Friday 6 November 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.

Revenue
+12.3%
EPS
−732.0%
Free cash flow
+200.9%
Total debt
−3.71%

Quarter to September 2026, against a year earlier

53.30 2.36 −4.24%
Market cap
$43.5B
P/E
0.0×
Fwd P/E
47.7×
Dividend yield
1.80%
F-score
5/9
Altman Z
2.45
Beneish M
−2.56
Dividend safety
67/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Carrier Global Corporation (CARR) Gross margin

Alert me on Gross margin

Carrier Global Corporation's gross margin over the twelve months to 30 September 2026 was 24.6%, down 1.2 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 31.9% and below the Industrials sector median of 30.6%.

Gross margin, annual

Embed this chart

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)
Sep 2026 26.9% (0.34)
Jun 2026 27.2% 3.92
Mar 2026 23.3% 3.42
Dec 2025 19.9% (6.10)
27 more quarters

Against its own ten years

Low 24.9% High 29.4%
Ten-year median 29.0%
Current reading's percentile 11

Gross margin against peers

Company Gross margin
MAIR Madison Air Solutions Corporation compare 38.4%
WMS Advanced Drainage Systems, Inc. compare 38.4%
MAS Masco Corporation compare 37.6%
JCI Johnson Controls International plc compare 37.1%
TT Trane Technologies plc compare 35.0%
CSL Carlisle Companies Incorporated compare 34.7%
LII Lennox International, Inc. compare 32.6%
OC Owens Corning Inc compare 25.0%
CARR Carrier Global Corporation 24.6%
Building Products & Equipment industry median 31.9%
Industrials sector median 30.6%
Market median 45.1%

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