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Carrier Global CARR Gross margin

Gross margin at other companies

EMCOR Group logo
EMCOR GroupEME
19.3%0.0pp
Johnson Controls International logo
Johnson Controls InternationalJCI
36.6%+0.5pp
Comfort Systems USA logo
Comfort Systems USAFIX
23.5%+3.2pp
Lennox International logo
Lennox InternationalLII
33.2%+0.1pp
APi Group logo
APi GroupAPG
31.4%+0.2pp
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
37.2%+0.8pp

Other financials

Income statement

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Revenue$5.3B+2.4%
Operating income$259.0M-58.8%
Net income$238.0M-42.2%
EPS (diluted)$0.28-40.4%

Balance sheet

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Cash & equivalents$1.4B-19.3%
Total debt$12.8B+9.6%
Total equity$13.8B-2.8%
Total assets$37.2B+2.0%

Cash flow

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Operating cash flow$79.0M-83.6%
CapEx$94.0M+49.2%
Free cash flow-$15.0M-104%

Valuation

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Market cap$57.72B-14.1%
Enterprise value$69.19B-9.7%
P/E44.1×+32.4×
P/S2.6×-0.4×

Profitability

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Operating margin8.2%-4.7pp
Net margin6%-19.8pp

Returns & leverage

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Return on equity9.4%-34.7pp
Debt / equity0.9×+0.1×
Current ratio1.1×-0.2×

Where this comes from

Calculated from Carrier Global’s reported figures.

Based on trailing twelve months.

The official record: Carrier Global’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carrier Global's gross margin?
Carrier Global (CARR) reported gross margin of 26.6% in Q4 2024.
How has Carrier Global's gross margin changed year-over-year?
Carrier Global's gross margin decreased by 2.3% year-over-year, from 27.2% to 26.6%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.