TTM
24.8%
YoY change
−0.74pp
Trough year (2022)
24.9%
Peak year (2018)
29.4%
Latest annual
25.9%
Gross Margin history chart for Carrier Global (CARR) from 2017 to 2025
Latest: 25.9%
Gross Margin change chart for Carrier Global (CARR) from 2017 to 2025
Latest: −0.74pp
Gross Margin history table for Carrier Global (CARR) from 2017 to 2025
| 2025 | 25.9% | -0.74pp | ||
| 2024 | 26.6% | -0.64pp | ||
| 2023 | 27.2% | +2.38pp | ||
| 2022 | 24.9% | -4.16pp | ||
| 2021 | 29.0% | -0.26pp | ||
| 2020 | 29.3% | +0.15pp | ||
| 2019 | 29.1% | -0.32pp | ||
| 2018 | 29.4% | +0.34pp | ||
| 2017 | 29.1% | — |
- 202525.9%-0.74pp
- 202426.6%-0.64pp
- 202327.2%+2.38pp
- 202224.9%-4.16pp
- 202129.0%-0.26pp
- 202029.3%+0.15pp
- 201929.1%-0.32pp
- 201829.4%+0.34pp
- 201729.1%—
Gross Margin values are taken from Carrier Global's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Carrier Global (CARR)
According to Carrier Global's latest reported financial statements, the company's latest reported gross margin is 24.8%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Carrier Global (CARR) reported gross margin of 25.86% – contracted 0.7 percentage points year-over-year.
2018 marks the peak gross margin at 29.44%, with the historical low of 24.86% recorded in 2022.
Carrier Global Gross Margin by Year
Carrier Global Gross Margin 2025: 25.9%
2025's gross margin for Carrier Global came in at 25.86%, contracted 0.7 percentage points from 2024.
Carrier Global Gross Margin 2024: 26.6%
Carrier Global posted gross margin of 26.60% in 2024, contracted 0.6 percentage points from 2023.
Carrier Global Gross Margin 2023: 27.2%
In 2023, Carrier Global reported gross margin of 27.24%, expanded 2.4 percentage points from 2022.
Carrier Global Gross Margin 2022: 24.9%
Carrier Global gross margin in 2022 was 24.86%, contracted 4.2 percentage points from 2021. This figure represents the lowest annual value in the available history.
Carrier Global Gross Margin 2021: 29.0%
Carrier Global gross margin in 2021 was 29.01%.
See more financial history for Carrier Global (CARR).
Sector peers by Gross Margin
Industrials peers of Carrier Global (CARR), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
Frequently asked questions
Carrier Global (CARR) Key Financials
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