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.
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Carrier Global Corporation (CARR) Operating margin
Carrier Global Corporation's operating margin over the twelve months to 30 June 2026 was 7.80%, down 2.2 percentage points from fiscal 2025 (9.99%). Over the past ten years it has ranged from 9.99% (fiscal 2025) to 23.0% (fiscal 2022) — the current reading is the lowest in ten years. That is above the Building Products & Equipment industry median of 6.99% and above the Industrials sector median of 5.13%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 9.99% | (1.78) |
| FY2024 | 11.8% | 0.37 |
| FY2023 | 11.4% | (11.64) |
| FY2022 | 23.0% | 10.21 |
| FY2021 | 12.8% | (4.83) |
| FY2020 | 17.7% | 4.27 |
| FY2019 | 13.4% | (5.84) |
| FY2018 | 19.2% | 2.22 |
| FY2017 | 17.0% | — |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 13.0% | 8.14 |
| Mar 2026 | 4.85% | 2.76 |
| Dec 2025 | 2.09% | (7.57) |
| Sep 2025 | 9.66% | (5.11) |
| 26 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| WMS Advanced Drainage Systems, Inc. compare | 20.7% |
| CSL Carlisle Companies Incorporated compare | 20.0% |
| LII Lennox International, Inc. compare | 19.7% |
| TT Trane Technologies plc compare | 17.9% |
| MAS Masco Corporation compare | 17.6% |
| SPXC SPX Technologies, Inc. compare | 16.2% |
| JCI Johnson Controls International plc compare | 12.0% |
| CARR Carrier Global Corporation | 7.80% |
| OC Owens Corning Inc compare | 0.51% |
| Building Products & Equipment industry median | 6.99% |
| Industrials sector median | 5.13% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on CARR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement