(CARR) Carrier Global - Overview
Sector: Industrials | Industry: Building Products & Equipment | Exchange: NYSE (USA) | Market Cap: 53.049m USD | Total Return: -4.6% in 12m
Avg Turnover: 375M
EPS Trend: -5.6%
Qual. Beats: 0
Rev. Trend: 48.6%
Qual. Beats: 0
Warnings
Fakeout
Tailwinds
No distinct edge detected
Carrier Global Corporation (CARR) specializes in climate and energy solutions, providing heating, ventilation, air conditioning (HVAC), and refrigeration systems across residential, commercial, and transport sectors. The company operates through four regional and specialized segments, maintaining a portfolio of established brands including Carrier, Viessmann, and Toshiba. Its business model integrates equipment sales with high-margin recurring revenue from aftermarket components, digital monitoring, and maintenance services.
The HVAC industry is currently shaped by regulatory shifts toward decarbonization, which has increased global demand for high-efficiency heat pumps and building automation systems. Carriers strategic focus on intelligent climate solutions aligns with these trends as commercial building owners seek to reduce energy consumption and meet stricter environmental standards. Investors can explore detailed valuation metrics for Carrier on ValueRay to further assess its market positioning.
Headquartered in Palm Beach Gardens, Florida, Carrier has functioned as an independent entity since its spin-off from United Technologies in 2020. The company serves a diverse international market, including the Americas, Europe, and the Asia Pacific, addressing both fixed infrastructure and the cold chain logistics necessary for global food and pharmaceutical transport.
- European heat pump demand fluctuates amid shifting government subsidies and energy prices
- Viessmann Climate Solutions integration determines long-term earnings growth and synergy realization
- Strategic divestitures of fire and security assets reshape balance sheet and focus
- Residential HVAC replacement cycles react to interest rates and consumer credit availability
- Global decarbonization regulations drive demand for energy-efficient commercial building retrofits
| Net Income: 1.31b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 3.02 > 1.0 |
| NWC/Revenue: 1.98% < 20% (prev 6.43%; Δ -4.45% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.08b > Net Income 1.31b |
| Net Debt (11.6b) to EBITDA (3.16b): 3.67 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (842.8m) vs 12m ago -4.04% < -2% |
| Gross Margin: 24.80% > 18% (prev 27.11%; Δ -2.31% > 0.5%) |
| Asset Turnover: 59.40% > 50% (prev 61.14%; Δ -1.74% > 0%) |
| Interest Coverage Ratio: 5.81 > 6 (EBIT TTM 1.88b / Interest Expense TTM 323.0m) |
| A: 0.01 (Total Current Assets 9.02b - Total Current Liabilities 8.59b) / Total Assets 37.2b |
| B: 0.33 (Retained Earnings 12.4b / Total Assets 37.2b) |
| C: 0.05 (EBIT TTM 1.88b / Avg Total Assets 36.8b) |
| D: 0.58 (Book Value of Equity 13.5b / Total Liabilities 23.4b) |
| Altman-Z'' = 2.11 = BBB |
| DSRI: 1.07 (Receivables 3.13b/2.98b, Revenue 21.9b/22.3b) |
| GMI: 1.09 (GM 27.11% / 24.80%) |
| AQI: 0.98 (AQ_t 0.66 / AQ_t-1 0.67) |
| SGI: 0.98 (Revenue 21.9b / 22.3b) |
| TATA: -0.02 (NI 1.31b - CFO 2.08b) / TA 37.2b) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of June 07, 2026, the stock is trading at USD 67.16 with a total of 6,387,683 shares traded.
Over the past week, the price has changed by +5.15%,
over one month by +4.64%,
over three months by +11.59% and
over the past year by -4.55%.
Carrier Global has received a consensus analysts rating of 4.04. Therefore, it is recommended to buy CARR.
- StrongBuy: 11
- Buy: 5
- Hold: 8
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 76.3 | 13.6% |
P/E Trailing = 42.58
P/E Forward = 22.8311
P/S = 2.4257
P/B = 3.9436
P/EG = 1.5361
Revenue TTM = 21.9b USD
EBIT TTM = 1.88b USD
EBITDA TTM = 3.16b USD
Long Term Debt = 10.4b USD (from longTermDebt, last quarter)
Short Term Debt = 1.74b USD (from shortTermDebt, last quarter)
Debt = 13.0b USD (from shortLongTermDebtTotal, last quarter) + Leases 415.0m
Net Debt = 11.6b USD (calculated: Debt 13.0b - CCE 1.37b)
Enterprise Value = 64.7b USD (53.0b + Debt 13.0b - CCE 1.37b)
Interest Coverage Ratio = 5.81 (Ebit TTM 1.88b / Interest Expense TTM 323.0m)
EV/FCF = 38.98x (Enterprise Value 64.7b / FCF TTM 1.66b)
FCF Yield = 2.57% (FCF TTM 1.66b / Enterprise Value 64.7b)
FCF Margin = 7.59% (FCF TTM 1.66b / Revenue TTM 21.9b)
Net Margin = 5.99% (Net Income TTM 1.31b / Revenue TTM 21.9b)
Gross Margin = 24.80% ((Revenue TTM 21.9b - Cost of Revenue TTM 16.4b) / Revenue TTM)
Gross Margin QoQ = 23.29% (prev 19.87%)
Tobins Q-Ratio = 1.74 (Enterprise Value 64.7b / Total Assets 37.2b)
Interest Expense / Debt = 2.49% (Interest Expense 323.0m / Debt 13.0b)
Taxrate = 2.32% (33.0m / 1.42b)
NOPAT = 1.83b (EBIT 1.88b * (1 - 2.32%))
Current Ratio = 1.05 (Total Current Assets 9.02b / Total Current Liabilities 8.59b)
Debt / Equity = 0.97 (Debt 13.0b / totalStockholderEquity, last quarter 13.5b)
Debt / EBITDA = 3.67 (Net Debt 11.6b / EBITDA 3.16b)
Debt / FCF = 7.00 (Net Debt 11.6b / FCF TTM 1.66b)
Total Stockholder Equity = 14.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.56% (Net Income 1.31b / Total Assets 37.2b)
RoE = 9.28% (Net Income TTM 1.31b / Total Stockholder Equity 14.1b)
RoCE = 7.65% (EBIT 1.88b / Capital Employed (Equity 14.1b + L.T.Debt 10.4b))
RoIC = 6.27% (NOPAT 1.83b / Invested Capital 29.2b)
WACC = 8.76% (E(53.0b)/V(66.0b) * Re(10.31%) + D(13.0b)/V(66.0b) * Rd(2.49%) * (1-Tc(0.02)))
Discount Rate = 10.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -60.0 | Cagr: -0.60%
[DCF] Terminal Value 76.65% ; FCFF base≈1.21b ; Y1≈1.38b ; Y5≈2.03b
[DCF] Fair Price = 20.40 (EV 28.6b - Net Debt 11.6b = Equity 16.9b / Shares 830.6m; r=8.76% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -5.57 | EPS CAGR: -0.26% | SUE: 0.67 | # QB: 0
Revenue Correlation: 48.57 | Revenue CAGR: 1.14% | SUE: 0.76 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.81 | Chg30d=-2.22% | Revisions=-45% | Analysts=21
EPS next Quarter (2026-09-30): EPS=0.86 | Chg30d=+0.02% | Revisions=-20% | Analysts=21
EPS current Year (2026-12-31): EPS=2.79 | Chg30d=+0.84% | Revisions=+52% | GrowthEPS=+7.9% | GrowthRev=+2.3%
EPS next Year (2027-12-31): EPS=3.20 | Chg30d=+0.97% | Revisions=+44% | GrowthEPS=+14.5% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +52%