Carrier GlobalCARR +4.68%79 Net Margin % is 4.46% as of Mar. 2026, which is 61% below its 10-year median of 11.35. GuruFocus rates CARR with a GF Score™ of 79/100 and a GF Value™ of $67.63 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,766 Construction companies, Carrier Global ranks better than 65.23% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Carrier Global's Net Income for the
three
months ended in Mar. 2026 was $238 Mil. Carrier Global's Revenue for the
three
months ended in Mar. 2026 was $5,341 Mil. Therefore, Carrier Global's net margin for the quarter that ended in Mar. 2026 was 4.46%.
The historical rank and industry rank for Carrier Global's Net Margin % or its related term are showing as below:
CARR'
s Net Margin % Range Over the Past 10 Years
Min: 5.99 Med: 11.35 Max: 24.92
Current: 5.99
CARR's Net Margin % is ranked better than 65.23% of 1766
companies
in the Construction industry
Industry Median: 3.92
vs CARR: 5.99
Carrier Global (NYSE:CARR) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Carrier Global Net Margin % Related Terms
Carrier Global Net Margin % Historical Data
* Premium members only.
The historical data trend for Carrier Global's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Building Products & Equipment subindustry, Carrier Global's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Carrier Global Net Margin % vs Construction Industry
For the Construction industry and Industrials sector, Carrier Global's Net Margin % distribution charts can be found below:
* The bar in red indicates where Carrier Global's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Carrier Global (CARR) has a Net Margin % of 4.46% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Carrier Global and its competitors. This is 61% below median its historical median of 11.35. Over the past decade, Carrier Global's Net Margin % has ranged from 5.99 to 24.92. According to the industry distribution chart, Carrier Global ranks #614 out of 1766 companies in the Construction industry, placing it in the top 34.8%.
Is Carrier Global's Net Margin % too high?
Carrier Global's current Net Margin % of 4.46% is 61% below median its 10-year median of 11.35. Over the past 10 years, this metric has ranged from a low of 5.99 to a high of 24.92. The Construction industry median Net Margin % is 3.92. Carrier Global's value of 4.46% is 13.8% above this industry median. Based on the distribution chart, Carrier Global ranks #614 out of 1766 companies in the Construction industry, which is above the industry midpoint. Overall, Carrier Global has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's Net Margin % compare to JCI and MAIR?
According to the Construction industry distribution chart, Carrier Global ranks #614 out of 1766 companies for Net Margin %. This puts Carrier Global in the upper half of its industry. The industry median Net Margin % is 3.92. Carrier Global's value of 4.46% is 13.8% above this benchmark. Historically, Carrier Global's own Net Margin % has ranged from 5.99 to 24.92 over the past decade. While the company's 10-year median is 11.35 vs. the industry median of 3.92, Carrier Global has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Construction company?
The median Net Margin % among Construction companies is 3.92, based on 1,766 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carrier Global's current Net Margin % of 4.46% is 13.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Carrier Global and its competitors. For the Construction industry, the median Net Margin % is 3.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrier Global's current Net Margin % is 4.46%, which is 61% below median its own 10-year median of 11.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrier Global stock overvalued right now?
Based on GuruFocus' analysis, Carrier Global (CARR) is currently considered Fairly Valued. The stock's GF Value™ is $67.63, compared to a current price of $74.06 — trading 9.5% above its estimated fair value. The current Net Margin % is 4.46%, which is 61% below median its 10-year median of 11.35 and 13.8% above the Construction industry median of 3.92. Carrier Global's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Carrier Global (CARR), the current Net Margin % is 4.46% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Carrier Global (CARR) Overvalued in 2026?
Based on GuruFocus' analysis, Carrier Global stock appears to be overvalued.
The current stock price of $74.06 is trading 9.5% above its estimated GF Value™ of $67.63.
GuruFocus considers Carrier Global to be Fairly Valued.
Key valuation signals for CARR:
Net Margin %: 4.46% (61% below median its 10-year median of 11.35)
GF Value™: $67.63 vs. price of $74.06 (9.5% above fair value)
Industry Position: 13.8% above the Construction median (#614 of 1766)
No single metric tells the full story. See the CARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier's fire and security (Honeywell) and commercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.
79GF Score
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