--- title: "Carrier Global: Competitors" description: "Carrier Global compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how peers are chosen." canonical: https://www.getswoopr.com/stocks/companies/carrier-global/competitors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Carrier Global: Competitors & Industry Structure ## Direct Answer SEC EDGAR classifies Carrier Global under SIC code 3585 (Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip). Among Swoopr's S&P 500 Equal Weight companies, 4 others share that classification; by latest reported revenue, Carrier Global ranks 2 of 5. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes. ## How Does Carrier Global Compare With Its Peers? | Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin | | --- | --- | --- | --- | --- | | [Johnson Controls (JCI)](https://www.getswoopr.com/stocks/companies/johnson-controls/) | $23.6 billion FY2025 | 2.8% | n/a | 13.9% | | **Carrier Global (CARR)** | $21.7 billion FY2025 | -3.3% | 10.0% | 6.8% | | [Lennox International (LII)](https://www.getswoopr.com/stocks/companies/lennox-international/) | $5.2 billion FY2025 | -2.7% | 20.0% | 15.5% | | [AAON Inc. (AAON)](https://www.getswoopr.com/stocks/companies/aaon-inc/) | $1.4 billion FY2025 | 20.1% | 10.1% | 7.5% | | [Tecogen Inc. (TGEN)](https://www.getswoopr.com/stocks/companies/tecogen-inc/) | $27 million FY2025 | 19.7% | -30.5% | -30.5% | Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care. ![Bar chart of operating margin for Carrier Global and 3 peers: Carrier Global (CARR) 10.0%, Lennox International (LII) 20.0%, AAON Inc. (AAON) 10.1%, Tecogen Inc. (TGEN) -30.5%.](https://www.getswoopr.com/images/charts/carrier-global-competitors-peer-margins.webp) *Operating margin of Carrier Global against companies sharing its SEC industry classification, from the table above. Select the chart to open it full size.* ## How Does Carrier Global Rank Among All SEC Filers in Its Industry Code? 5 companies with annual reports in Swoopr's SEC dataset share SIC code 3585 (Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars. | Measure | Carrier Global | Median of filers | Rank | | --- | --- | --- | --- | | Revenue | $21.7 billion | $5.2 billion | 2 of 5 | | Revenue growth | -3.3% | 2.8% | 5 of 5 | | Net margin | 6.8% | 7.5% | 4 of 5 | A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality. ## Where These Numbers Come From Every figure on this page is a value Carrier Global reported in its own SEC filings, read from the SEC's XBRL data (accession 0001783180-26-000008 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### Who are Carrier Global's competitors? Companies sharing Carrier Global's SEC classification (SIC code 3585 (Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip)) include Johnson Controls (JCI), Lennox International (LII), AAON Inc. (AAON), Tecogen Inc. (TGEN). Its 10-K names the competitors it considers most relevant. ### How does Carrier Global compare with its peers on margins? Carrier Global's fiscal 2025 operating margin was 10.0%, against a peer median of 10.1%. ### How are these peers chosen? By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict. ### How does Carrier Global rank among all companies in its SEC industry? Among 5 SEC filers under SIC code 3585, Carrier Global ranks 2 by latest revenue. ## References - [SEC EDGAR: CARRIER GLOBAL Corp Form 10-K filed February 5, 2026](https://www.sec.gov/Archives/edgar/data/1783180/000178318026000008/carr-20251231.htm) - [SEC EDGAR: CARRIER GLOBAL Corp annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1783180&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Carrier Global company dossier](https://www.getswoopr.com/stocks/companies/carrier-global/) - [Carrier Global financial metrics](https://www.getswoopr.com/stocks/companies/carrier-global/metrics/) - [Carrier Global financial risk indicators](https://www.getswoopr.com/stocks/companies/carrier-global/risks/) - [Carrier Global peer comparison](https://www.getswoopr.com/stocks/companies/carrier-global/competitors/) - [Carrier Global business model and revenue mix](https://www.getswoopr.com/stocks/companies/carrier-global/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).