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Operating Margin for Carrier Global (CARR)

As of · Reported

Metric

TTM

7.2%

YoY change

−0.56pp

Trough year (2025)

8.8%

Peak year (2018)

19.2%

Operating Margin history chart for Carrier Global (CARR) from 2017 to 2025

Latest: 8.8%

Operating Margin change chart for Carrier Global (CARR) from 2017 to 2025

Latest: −0.56pp

Operating Margin history table for Carrier Global (CARR) from 2017 to 2025

  • 20258.8%-0.56pp
  • 20249.3%-1.55pp
  • 202310.9%-0.13pp
  • 202211.0%-1.82pp
  • 202112.8%-4.83pp
  • 202017.7%+4.27pp
  • 201913.4%-5.84pp
  • 201819.2%+2.22pp
  • 201717.0%—

Operating 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 Operating Margin at Carrier Global (CARR)

According to Carrier Global's latest reported financial statements, the company's latest reported operating margin is 7.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

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 operating margin of 8.77% – contracted 0.6 percentage points year-over-year.

The record annual operating margin stands at 19.23%, reached in 2018; the historical low of 8.77% was recorded in 2025.

Carrier Global Operating Margin by Year

Carrier Global Operating Margin 2025: 8.8%

Carrier Global posted operating margin of 8.77% in 2025, contracted 0.6 percentage points from 2024. This figure represents the lowest annual value in the available history.

Carrier Global Operating Margin 2024: 9.3%

In 2024, Carrier Global reported operating margin of 9.33%, contracted 1.6 percentage points from 2023.

Carrier Global Operating Margin 2023: 10.9%

Carrier Global operating margin in 2023 was 10.88%, contracted 0.1 percentage points from 2022.

Carrier Global Operating Margin 2022: 11.0%

2022's operating margin for Carrier Global came in at 11.01%, contracted 1.8 percentage points from 2021.

Carrier Global Operating Margin 2021: 12.8%

Carrier Global operating margin in 2021 was 12.83%.

See more financial history for Carrier Global (CARR).

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Industrials peers of Carrier Global (CARR), ranked by their latest operating margin

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