EBITDA Margin: 11.16%
Is the EBITDA margin high or low?
The EBITDA margin of 11.16% is 35% below its 5-year average of 17.07%, near the low end of its 5-year range (9.28%–39.84%).
As of Thursday, June 25, 2026. 25.52% below its 12-month average of 14.98%.
CARR EBITDA Margin
Reported quarterly EBITDA margin; no daily interpolation.
CARR Average EBITDA Margin Chart
CARR Current vs Average EBITDA Margin Chart
CARR EBITDA Margin Metrics
EBITDA MARGIN
11.16%
EBITDA MARGIN AVG TTM
14.98%
EBITDA MARGIN AVG 3Y
15.45%
EBITDA MARGIN AVG 5Y
15.18%
EBITDA MARGIN AVG 10Y
N/A
EBITDA MARGIN AVG 15Y
N/A
EBITDA MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-25.52%
CURRENT VS 3Y AVG
-27.77%
CURRENT VS 5Y AVG
-26.51%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
CARR Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carrier Global Corporation (CARR) | $61.51B | 11.16% | 14.98% | 15.45% | 15.18% |
| Delta Air Lines, Inc. (DAL)vs › | $60.52B | 12.68% | 12.76% | 12.66% | -1.55% |
| PACCAR Inc (PCAR)vs › | $64.04B | 14.76% | 16.81% | 17.16% | 16.16% |
| W.W. Grainger, Inc. (GWW)vs › | $64.91B | 15.41% | 16.14% | 16.28% | 14.79% |
| AMETEK, Inc. (AME)vs › | $55.23B | 31.11% | 31.09% | 30.67% | 30.47% |
| Norfolk Southern Corporation (NSC)vs › | $68.24B | 48.03% | 46.66% | 44.10% | 45.27% |
| Cintas Corporation (CTAS)vs › | $68.40B | 27.65% | 26.98% | 26.12% | 25.20% |
| Fastenal Company (FAST)vs › | $53.87B | 22.44% | 22.43% | 22.86% | 22.94% |
| L3Harris Technologies, Inc. (LHX)vs › | $53.75B | 17.16% | 16.93% | 16.32% | 16.65% |
| Rockwell Automation, Inc. (ROK)vs › | $53.34B | 16.76% | 17.87% | 19.06% | 19.59% |
Margin Comparison
Gross Margin
24.8%
EBITDA Margin
11.2%
Operating Margin
7.2%
Net Margin
6.0%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
EBITDA Margin FAQ
- What is the EBITDA margin for Carrier Global Corporation (CARR)?
- The EBITDA margin for CARR stock is 11.16%.
- Is Carrier Global Corporation's EBITDA margin high or low?
- The EBITDA margin of 11.16% is 35% below its 5-year average of 17.07%, near the low end of its 5-year range (9.28%–39.84%).
- What is the TTM average EBITDA margin for Carrier Global Corporation (CARR)?
- The TTM average EBITDA margin for CARR stock is 14.98%.
- What is the 3Y average EBITDA margin for Carrier Global Corporation (CARR)?
- The 3Y average EBITDA margin for CARR stock is 15.45%.
- What is the 5Y average EBITDA margin for Carrier Global Corporation (CARR)?
- The 5Y average EBITDA margin for CARR stock is 15.18%.
CARR EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2026-03-31 | 11.16% |
| 2025-12-31 | 9.28% |
| 2025-09-30 | 15.67% |
| 2025-06-30 | 20.35% |
| 2025-03-31 | 18.46% |
| 2024-12-31 | 21.93% |
| 2024-09-30 | 20.27% |
| 2024-06-30 | 17.46% |
| 2024-03-31 | 13.06% |
| 2023-12-31 | 15.78% |
| 2023-09-30 | 12.95% |
| 2023-06-30 | 10.90% |
| 2023-03-31 | 13.58% |
| 2022-12-31 | 11.28% |
| 2022-09-30 | 30.14% |
| 2022-06-30 | 17.29% |
| 2022-03-31 | 39.84% |
| 2021-12-31 | 10.99% |
| 2021-09-30 | 17.36% |
| 2021-06-30 | 16.38% |
| 2021-03-31 | 14.36% |
| 2020-12-31 | 29.52% |
| 2020-09-30 | 23.61% |
| 2020-06-30 | 13.54% |
| 2020-03-31 | 10.65% |
| 2019-12-31 | 15.44% |
| 2019-09-30 | 16.24% |
| 2019-06-30 | 19.15% |
| 2019-03-31 | 15.13% |
Related Metrics
About Carrier Global Corporation
Carrier Global Corporation is a worldwide provider of advanced technological solutions covering heating, ventilation, and air conditioning (HVAC), refrigeration, fire safety, security, and intelligent building automation. Its operations are structured across three primary business segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment is dedicated to supplying products, controls, services, and complete solutions tailored to the heating, cooling, and ventilation requirements of both residential and commercial clients. Offerings in this area include air conditioning units, heating systems, various control mechanisms, aftermarket components, as well as post-installation repair, maintenance services, and building automation capabilities. The Refrigeration segment focuses on providing transport refrigeration and monitoring products and services. This includes digital solutions for diverse applications such as trucks, trailers, shipping containers, intermodal transport, food retail, and warehouse cooling. Additionally, it offers commercial refrigeration solutions like display cabinets, freezers, integrated systems, and their corresponding controls. The Fire & Security segment delivers a comprehensive suite of technologies for residential, commercial, and industrial environments. This encompasses detection systems for fire, flame, gas, smoke, and carbon monoxide; portable fire extinguishers; advanced fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its service portfolio further extends to auditing, design, installation, system integration, ongoing maintenance, repair, and monitoring services. The company markets its extensive product range under numerous brands, including Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, Supra, Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Riello, Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech. Established in 2019, Carrier Global Corporation maintains its corporate headquarters in Palm Beach Gardens, Florida.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- David L. Gitlin