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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

52.92 0.29 −0.55%
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
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Carrier Global Corporation (CARR) Net margin

Alert me on Net margin

Carrier Global Corporation's net margin over the twelve months to 30 September 2026 was −7.90%, down 14.7 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 below the Building Products & Equipment industry median of 4.11% and below the Industrials sector median of 2.52%.

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)
Sep 2026 −41.4% (49.29)
Jun 2026 7.89% 3.43
Mar 2026 4.46% 3.36
Dec 2025 1.10% (6.57)
27 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
CSL Carlisle Companies Incorporated compare 13.8%
LII Lennox International, Inc. compare 13.8%
TT Trane Technologies plc compare 13.6%
WMS Advanced Drainage Systems, Inc. compare 12.4%
MAS Masco Corporation compare 12.1%
JCI Johnson Controls International plc compare 11.1%
MAIR Madison Air Solutions Corporation compare 4.75%
OC Owens Corning Inc compare −4.42%
CARR Carrier Global Corporation −7.90%
Building Products & Equipment industry median 4.11%
Industrials sector median 2.52%
Market median 1.06%

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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