CARR Carrier Global margins

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Relative Growth: Rel. Growth: 28
Relative Strength: Rel. Strength: 36
Relative Valuation: Rel. Valuation: 39
Relative Profitability: Rel. Profitability: 41
Gross margin
24.3%
Operating margin
7.1%
EBITDA margin
13.3%
Net margin
5.5%

For the latest period, Carrier Global has a gross margin of 24.3%, an operating margin of 7.1%, an EBITDA margin of 13.3%, and a net margin of 5.5%. EBITDA margin headed the decline across the available margins, falling by 16.4 percentage points.

CARR margin history

Gross, operating, EBITDA and net margin trends

Carrier Global's margins averaged 26.57% gross, 9.41% operating, 22.84% EBITDA, and 13.67% 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 16.4 percentage points. The other available margins also declined.

Gross margin expansion
-3.5pp
Operating margin expansion
-3.8pp
EBITDA margin expansion
-16.4pp
Net margin expansion
-12.3pp

CARR Gross margin

Looking back over the last 3 years, Carrier Global recorded an average gross margin of 26.57%. The latest gross margin for Carrier Global is 24.3%, 2.3 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 9.41%. Compared with its three-year average, Carrier Global's current operating margin is 7.1% and is 2.3 percentage points below its three-year average. Carrier Global's operating margin ranged from a low of 7.1% in Jun 2026 to a high of 10.9% in Jun 2025.

CARR EBITDA margin

Carrier Global's EBITDA margin averaged 22.84% in the last 3 years. Compared with its three-year average, Carrier Global's current EBITDA margin is 13.3% and is 9.5 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 12.9% in Mar 2024.

CARR Net margin

Across the last 3 years, Carrier Global's net margin averaged 13.67%. The current net margin of 5.5% is 8.2 percentage points below its three-year average. Net margin was highest at 25.8% in Mar 2025 and lowest at 5.5% in Jun 2026.

CARR margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 24.3%, CARR ranks lower than the Industrials sector and the industry average. In comparison with the Industrials sector average of 32.7%, Carrier Global's gross margin is 26% lower.

CARR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Carrier Global's gross margin?

For the period ending Jun 30, 2026, CARR recorded a gross margin of 24.3%.

What is Carrier Global's operating margin?

As of Jun 30, 2026, CARR has an operating margin of 7.1%.

What is Carrier Global's EBITDA margin?

As of Jun 30, 2026, CARR has an EBITDA margin of 13.3%.

What is Carrier Global's net margin?

As of Jun 30, 2026, CARR has a net margin of 5.5%.

What are the average margins of CARR?

Across the last 3 years, CARR averaged 26.6% gross, 9.4% operating, 22.8% EBITDA, and 13.7% 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, 7.1% operating in Jun 2026, 12.5% EBITDA in Sep 2023, and 5.5% net in Jun 2026.