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Carrier Global CARR Operating margin

Operating margin at other companies

SPX Technologies logo
SPX TechnologiesSPXC
15.8%+0.3pp
EMCOR Group logo
EMCOR GroupEME
10.4%+0.9pp
Aaon logo
AaonAAON
10.4%-5.2pp
Comfort Systems USA logo
Comfort Systems USAFIX
13.4%+3.5pp
Lennox International logo
Lennox InternationalLII
19.7%0.0pp
Trane Technologies logo
Trane TechnologiesTT
17.9%-0.4pp

Other financials

Income statement

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Revenue$6.4B+3.9%
Gross profit$1.5B-28.0%
Operating income$825.0M-8.6%
Net income$501.0M-15.2%
EPS (diluted)$0.60-11.8%

Balance sheet

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Cash & equivalents$1.3B-25.2%
Total debt$12.6B+5.0%
Total equity$13.5B-10.3%
Total assets$37.4B-2.9%

Cash flow

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Operating cash flow$927.0M+42.8%
CapEx$117.0M+44.4%
Free cash flow$810.0M+42.6%

Valuation

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Market cap$50.95B-10.0%
Enterprise value$62.19B-6.9%
P/E41.8×+27.6×
P/S2.3×-0.2×

Profitability

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Gross margin26.6%-12.4pp
Net margin5.5%-12.3pp
FCF margin8.7%

Returns & leverage

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Return on equity8.6%-18.9pp
Debt / equity0.9×+0.1×
Current ratio-0.1×

Where this comes from

Calculated from Carrier Global’s reported figures.

Based on trailing twelve months.

The source filing: Carrier Global’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 2:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001783180-26-000032

FAQ

What is Carrier Global's operating margin?
Carrier Global (CARR) reported operating margin of 7.8% in Q2 2026.
How has Carrier Global's operating margin changed year-over-year?
Carrier Global's operating margin decreased by 42.9% year-over-year, from 13.7% to 7.8%.
What is the long-term trend for Carrier Global's operating margin?
Over 5 years (2020 to 2025), Carrier Global's operating margin has grown at a -10.8% compound annual growth rate (CAGR), from 17.7% to 10%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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