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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) Net margin

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Carrier Global Corporation's net margin over the twelve months to 30 June 2026 was 5.52%, down 1.3 percentage points from fiscal 2025 (6.82%). Over the past ten years it has ranged from 6.82% (fiscal 2025) to 24.9% (fiscal 2024) — the current reading is the lowest in ten years. That is above the Building Products & Equipment industry median of 4.05% and above the Industrials sector median of 2.22%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 6.82% (18.10)
FY2024 24.9% 17.80
FY2023 7.12% (13.32)
FY2022 20.4% 12.37
FY2021 8.07% (3.28)
FY2020 11.4% (0.02)
FY2019 11.4% (3.08)
FY2018 14.5% 7.56
FY2017 6.89% —

Quarterly newest first

Period Net margin Change (points)
Jun 2026 7.89% 3.43
Mar 2026 4.46% 3.36
Dec 2025 1.10% (6.57)
Sep 2025 7.67% (2.00)
26 more quarters

Against its own ten years

Low 6.82% High 24.9%
Ten-year median 11.4%
Current reading's percentile 4

Net margin against peers

Company Net margin
LII Lennox International, Inc. compare 14.9%
JCI Johnson Controls International plc compare 14.3%
CSL Carlisle Companies Incorporated compare 14.2%
WMS Advanced Drainage Systems, Inc. compare 14.0%
TT Trane Technologies plc compare 13.3%
MAS Masco Corporation compare 11.6%
SPXC SPX Technologies, Inc. compare 11.3%
CARR Carrier Global Corporation 5.52%
OC Owens Corning Inc compare −6.81%
Building Products & Equipment industry median 4.05%
Industrials sector median 2.22%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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