CARR Stock Analysis: Carrier Global | NYSE
Building Products & Equipment | NYSE, USA | Market Cap: 46.245m USD | 12M Return: -2.9% | US14448C1045 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 360M
EPS Trend: -49.4%
Qual. Beats: 0
Rev. Trend: 52.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 6.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Carrier Global Corporation (NYSE: CARR) is a U.S.-based provider of intelligent climate and energy solutions serving residential, commercial, and transportation customers across the Americas, Europe, the Asia Pacific, and the Middle East & Africa. The company operates through four segments focused on climate solutions for the Americas, Europe, Asia Pacific/MEA, and Transportation, offering a broad portfolio that includes air conditioners, heating systems, heat pumps, building automation, aftermarket components, and transport refrigeration products. Its products are sold under a wide range of well-known brands, including Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, Carrier Transicold, and Sensitech. Headquartered in Palm Beach Gardens, Florida, Carrier was incorporated in 2019 and began trading publicly in April 2020 following its spin-off from United Technologies.
Sector context: Carrier operates within the Industrials sectors Building Products sub-industry, competing in the global HVAC (heating, ventilation, and air conditioning) market, which is shaped by trends such as tightening energy-efficiency standards, electrification of heating, and growing demand for building automation. The transportation refrigeration sub-segment ties Carrier to the global cold-chain logistics industry, which supports food, pharmaceutical, and other temperature-sensitive shipping.
- Heat pump demand surges in Europe ahead of gas phaseout
- US residential HVAC margins pressured by soft housing market
- Refrigeration segment benefits from cold chain logistics expansion
- Viessmann integration drives EMEA cross-selling synergies
| Net Income: 1.22b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 3.68 > 1.0 |
| NWC/Revenue: 0.83% < 20% (prev 5.80%; Δ -4.97% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.36b > Net Income 1.22b |
| Net Debt (11.5b) to EBITDA (3.08b): 3.73 < 3 |
| Current Ratio: 1.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (839.6m) vs 12m ago -3.08% < -2% |
| Gross Margin: 24.34% > 18% (prev 27.76%; Δ -3.41% > 0.5%) |
| Asset Turnover: 58.28% > 50% (prev 58.36%; Δ -0.07% > 0%) |
| Interest Coverage Ratio: 5.38 > 6 (EBIT TTM 1.80b / Interest Expense TTM 334.0m) |
| A: 0.00 (Total Current Assets 9.41b - Total Current Liabilities 9.23b) / Total Assets 37.4b |
| B: 0.34 (Retained Earnings 12.5b / Total Assets 37.4b) |
| C: 0.05 (EBIT TTM 1.80b / Avg Total Assets 37.9b) |
| D: 0.55 (Book Value of Equity 13.1b / Total Liabilities 23.9b) |
| Altman-Z'' = 2.02 = BBB |
| DSRI: 0.98 (Receivables 3.25b/3.37b, Revenue 22.1b/22.5b) |
| GMI: 1.14 (GM 27.76% / 24.34%) |
| AQI: 0.97 (AQ_t 0.65 / AQ_t-1 0.67) |
| SGI: 0.98 (Revenue 22.1b / 22.5b) |
| TATA: -0.03 (NI 1.22b - CFO 2.36b) / TA 37.4b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of October 11, 2026, the stock is trading at USD 55.56 with a total of 3,575,531 shares traded. Over the past week, the price has changed by +0.80%, over one month by -4.12%, over three months by -17.77% and over the past year by -2.90%.
Current recommended Stop Loss: 53.60 (which is 3.5% or 1.3 ATR below the current price).
Carrier Global has received a consensus analysts rating of 4.04. Therefore, it is recommended to buy CARR.
- StrongBuy: 12
- Buy: 2
- Hold: 11
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 75.9 | 36.6% |
P/E Trailing = 40.6522
P/E Forward = 16.3132
P/S = 2.0918
P/B = 3.4548
P/EG = 1.0741
Revenue TTM = 22.1b USD
EBIT TTM = 1.80b USD
EBITDA TTM = 3.08b USD
Long Term Debt = 10.3b USD (from longTermDebt, last quarter)
Short Term Debt = 1.64b USD (from shortTermDebt, last quarter)
Debt = 12.8b USD (from shortLongTermDebtTotal, last quarter) + Leases 442.0m
Net Debt = 11.5b USD (calculated: Debt 12.8b - CCE 1.34b)
Enterprise Value = 57.7b USD (46.2b + Debt 12.8b - CCE 1.34b)
Interest Coverage Ratio = 5.38 (Ebit TTM 1.80b / Interest Expense TTM 334.0m)
EV/FCF = 30.37x (Enterprise Value 57.7b / FCF TTM 1.90b)
FCF Yield = 3.29% (FCF TTM 1.90b / Enterprise Value 57.7b)
FCF Margin = 8.60% (FCF TTM 1.90b / Revenue TTM 22.1b)
Net Margin = 5.52% (Net Income TTM 1.22b / Revenue TTM 22.1b)
Gross Margin = 24.34% ((Revenue TTM 22.1b - Cost of Revenue TTM 16.7b) / Revenue TTM)
Gross Margin QoQ = 27.21% (prev 23.29%)
Tobins Q-Ratio = 1.54 (Enterprise Value 57.7b / Total Assets 37.4b)
Interest Expense / Debt = 2.60% (Interest Expense 334.0m / Debt 12.8b)
Taxrate = 3.84% (51.0m / 1.33b)
NOPAT = 1.73b (EBIT 1.80b * (1 - 3.84%))
Current Ratio = 1.02 (Total Current Assets 9.41b / Total Current Liabilities 9.23b)
Debt / Equity = 0.98 (Debt 12.8b / totalStockholderEquity, last quarter 13.1b)
Debt / EBITDA = 3.73 (Net Debt 11.5b / EBITDA 3.08b)
Debt / FCF = 6.05 (Net Debt 11.5b / FCF TTM 1.90b)
Total Stockholder Equity = 13.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.22% (Net Income 1.22b / Total Assets 37.4b)
RoE = 8.89% (Net Income TTM 1.22b / Total Stockholder Equity 13.7b)
RoCE = 7.47% (EBIT 1.80b / Capital Employed (Equity 13.7b + L.T.Debt 10.3b))
RoIC = 6.03% (NOPAT 1.73b / Invested Capital 28.7b)
WACC = 8.79% (E(46.2b)/V(59.1b) * Re(10.54%) + D(12.8b)/V(59.1b) * Rd(2.60%) * (1-Tc(0.04)))
Discount Rate = 10.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -96.97 | Cagr: -3.66%
[DCF] Terminal Value 76.55% ; FCFF base≈1.36b ; Y1≈1.56b ; Y5≈2.29b
[DCF] Fair Price = 24.84 (EV 32.0b - Net Debt 11.5b = Equity 20.5b / Shares 824.3m; r=8.79% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -49.35 | EPS CAGR: -3.11% | SUE: 0.69 | # QB: 0
Revenue Correlation: 52.82 | Revenue CAGR: 1.25% | SUE: 0.76 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.77 | Chg30d=-0.42% | Revisions=-17% | Analysts=21
EPS current Year (2026-12-31): EPS=2.88 | Chg30d=-0.14% | Revisions=+0% | GrowthEPS=+11.2% | GrowthRev=+6.9%
EPS next Year (2027-12-31): EPS=3.30 | Chg30d=-0.29% | Revisions=+17% | GrowthEPS=+14.5% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: +0% (up=5, down=5)