CARR Carrier Global margins

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Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 15
Gross margin
24.6%
Operating margin
-5.6%
EBITDA margin
0.4%
Net margin
-7.9%

Currently, Carrier Global shows a gross margin of 24.6%, an operating margin of -5.6%, an EBITDA margin of 0.4%, and a net margin of -7.9%; its operating margin is negative at -5.6%, and its net margin is negative at -7.9%. EBITDA margin headed the decline across the available margins, falling by 29.5 percentage points.

CARR margin history

Gross, operating, EBITDA and net margin trends

Carrier Global's margins averaged 26.41% gross, 8.16% operating, 20.97% EBITDA, and 11.88% net over the last 3 years. Each of the four current margins is below its three-year average.

CARR margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in EBITDA margin, which fell by 29.5 percentage points. The other available margins also declined.

Gross margin expansion
-2.6pp
Operating margin expansion
-15.7pp
EBITDA margin expansion
-29.5pp
Net margin expansion
-26pp

CARR Gross margin

Looking back over the last 3 years, Carrier Global recorded an average gross margin of 26.41%. The latest gross margin for Carrier Global is 24.6%, 1.8 percentage points below its three-year average. The highest gross margin for Carrier Global was 27.8% in Jun 2025, while the lowest was 24.3% in Jun 2026.

CARR Operating margin

Over the last 3 years, the average operating margin for Carrier Global was 8.16%. Compared with its three-year average, Carrier Global's current operating margin is -5.6% and is 13.8 percentage points below its three-year average. Carrier Global's operating margin ranged from a low of -5.6% in Sep 2026 to a high of 10.9% in Jun 2025.

CARR EBITDA margin

Carrier Global's EBITDA margin averaged 20.97% in the last 3 years. Compared with its three-year average, Carrier Global's current EBITDA margin is 0.4% and is 20.6 percentage points below its three-year average. Over the last 3 years, Carrier Global's EBITDA margin peaked at 37.7% in Mar 2025 and reached a low of 0.4% in Sep 2026.

CARR Net margin

Across the last 3 years, Carrier Global's net margin averaged 11.88%. The current net margin of -7.9% is 19.8 percentage points below its three-year average. Net margin was highest at 25.8% in Mar 2025 and lowest at -7.9% in Sep 2026.

CARR margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 24.6%, CARR ranks lower than the Industrials sector and the industry average. In comparison with the Industrials sector average of 32.5%, Carrier Global's gross margin is 24% lower.

CARR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Carrier Global's gross margin?

For the period ending Sep 30, 2026, CARR recorded a gross margin of 24.6%.

What is Carrier Global's operating margin?

The current operating margin for CARR is -5.6% as of Sep 30, 2026.

What is Carrier Global's EBITDA margin?

As of Sep 30, 2026, CARR has an EBITDA margin of 0.4%.

What is Carrier Global's net margin?

The current net margin for CARR is -7.9% as of Sep 30, 2026.

What are the average margins of CARR?

Across the last 3 years, CARR averaged 26.4% gross, 8.2% operating, 21.0% EBITDA, and 11.9% net.

What are the highest historical margins of CARR?

Across the 5-year period, CARR posted its highest margins at 29% gross in Dec 2021, 11.9% operating in Jun 2022, 37.7% EBITDA in Mar 2025, and 25.8% net in Mar 2025.

What are the lowest historical margins of CARR?

Within the 5-year period, CARR recorded its lowest margins at 24.3% gross in Jun 2026, -5.6% operating in Sep 2026, 0.4% EBITDA in Sep 2026, and -7.9% net in Sep 2026.