Carrier Global Corporation CARR

56.37 1.50 2.73% as of 25 Sep
Market cap
$45.3B
P/E
38.9×
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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 6.84% and above the Industrials sector median of 5.15%.

Operating margin, annual

Annual

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

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

Against its own ten years

Low 9.99% High 23.0%
Ten-year median 13.4%
Current reading's percentile 11

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 6.84%
Industrials sector median 5.15%
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

The full definition of Operating margin →

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