Carrier Global (XSWX:CARR) Selling, General, & Admin. Expense: CHF2,574 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:CARR Carrier Global Corp XSWX:CARR
81 GF Score
Price CHF55.07
GF Value CHF55.79
! 9 Warning Signs
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What is Carrier Global Selling, General, & Admin. Expense?

Carrier Global XSWX:CARR +0.49% 81 Selling, General, & Admin. Expense is CHF2,574 Mil as of Mar. 2026. GuruFocus rates XSWX:CARR with a GF Score™ of 81/100 and a GF Value™ of CHF55.79. The stock has 9 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Carrier Global's selling, general, & admin. expense for the three months ended in Mar. 2026 was CHF678 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was CHF2,574 Mil.


Carrier Global  (XSWX:CARR) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Carrier Global Selling, General, & Admin. Expense Related Terms


Carrier Global Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Carrier Global's Selling, General, & Admin. Expense 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.

Carrier Global Selling, General, & Admin. Expense Chart

Carrier Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only 2,873.52 1,841.77 2,254.53 2,850.45 2,464.02

Carrier Global Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 644.14 661.13 639.27 595.28 677.87

XSWX:CARR vs JCI, LII, MAIR: Selling, General, & Admin. Expense Comparison

For the Building Products & Equipment subindustry, Carrier Global's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Construction Industry

For the Construction industry and Industrials sector, Carrier Global's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Carrier Global's Selling, General, & Admin. Expense falls into.


XSWX:CARR
81GF Score
Carrier Global Corp XSWX:CARR
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Carrier Global Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF2,574 Mil.

* 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.

What does a Selling, General, & Admin. Expense of CHF2,574 Mil mean?
Carrier Global (XSWX:CARR) has a Selling, General, & Admin. Expense of CHF2,574 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Carrier Global and its competitors.
Is Carrier Global's Selling, General, & Admin. Expense too high?
Carrier Global's current Selling, General, & Admin. Expense is CHF2,574 Mil. Overall, Carrier Global has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's Selling, General, & Admin. Expense compare to JCI and LII?
Carrier Global's Selling, General, & Admin. Expense of CHF2,574 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Construction company?
A good Selling, General, & Admin. Expense depends on the Construction industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Carrier Global and its competitors. Carrier Global's current Selling, General, & Admin. Expense is CHF2,574 Mil. 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?
Carrier Global (XSWX:CARR) has a current Selling, General, & Admin. Expense of CHF2,574 Mil. The stock's GF Value™ is CHF55.79, compared to a current price of CHF55.07 — trading 1.3% below its estimated fair value. The current Selling, General, & Admin. Expense is CHF2,574 Mil. Carrier Global's overall GF Score™ is 81/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Carrier Global (XSWX:CARR), the current Selling, General, & Admin. Expense is CHF2,574 Mil 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 (XSWX:CARR) Overvalued in 2026?

Based on GuruFocus' analysis, Carrier Global stock appears to be undervalued. The current stock price of CHF55.07 is trading 1.3% below its estimated GF Value™ of CHF55.79.

Key valuation signals for XSWX:CARR:

  • Selling, General, & Admin. Expense: CHF2,574 Mil
  • GF Value™: CHF55.79 vs. price of CHF55.07 (1.3% below fair value)
  • GF Score™: 81/100 with 9 warning signs

No single metric tells the full story. See the XSWX:CARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carrier Global Business Description

Address 13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418
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.
81GF Score

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF55.07
Price
CHF55.79
GF Value