(CARR) Carrier Global - Ratings and Ratios
Hvac, Refrigeration, Controls, Services
Dividends
| Dividend Yield | 1.66% |
| Yield on Cost 5y | 2.61% |
| Yield CAGR 5y | 29.81% |
| Payout Consistency | 100.0% |
| Payout Ratio | 34.6% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 30.1% |
| Value at Risk 5%th | 46.7% |
| Relative Tail Risk | -5.63% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.88 |
| Alpha | -42.96 |
| CAGR/Max DD | 0.25 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.552 |
| Beta | 1.078 |
| Beta Downside | 1.008 |
| Drawdowns 3y | |
|---|---|
| Max DD | 38.10% |
| Mean DD | 10.62% |
| Median DD | 8.29% |
Description: CARR Carrier Global December 04, 2025
Carrier Global Corporation (NYSE:CARR) delivers intelligent climate and energy solutions across the United States, Europe, Asia-Pacific, and other international markets, operating under the umbrella of a 2019-incorporated parent headquartered in Palm Beach Gardens, Florida.
The firm is split into two primary segments: Heating, Ventilating and Air Conditioning (HVAC) and Refrigeration. The HVAC segment supplies a full suite of products, controls, services, and upgrades-including air conditioners, heat pumps, building automation systems, and aftermarket support-to residential and commercial customers.
The Refrigeration segment focuses on transport refrigeration and monitoring solutions for trucks, trailers, shipping containers, and rail applications, leveraging digital platforms to improve temperature integrity and supply-chain visibility.
Carrier markets its offerings under a portfolio of well-known brands such as Carrier, Viessmann, Toshiba, Automated Logic, Bryant, and Carrier Transicold, among others. In FY 2023 the company generated roughly $23 billion in revenue, with the HVAC segment contributing about 70 % of total sales; its order backlog remained near $5 billion, reflecting robust demand for heat-pump retrofits driven by tightening energy-efficiency standards and the global shift toward electrification.
For a deeper, data-driven valuation, you may find ValueRay’s analyst toolkit useful.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (3.98b TTM) > 0 and > 6% of Revenue (6% = 1.32b TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA 0.58pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 4.95% (prev 3.64%; Δ 1.31pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 1.60b <= Net Income 3.98b (YES >=105%, WARN >=100%) |
| Net Debt (10.92b) to EBITDA (3.42b) ratio: 3.19 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.14 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (858.6m) change vs 12m ago -6.16% (target <= -2.0% for YES) |
| Gross Margin 27.31% (prev 27.21%; Δ 0.09pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 56.36% (prev 55.82%; Δ 0.54pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.89 (EBITDA TTM 3.42b / Interest Expense TTM 442.0m) >= 6 (WARN >= 3) |
Altman Z'' 2.18
| (A) 0.03 = (Total Current Assets 8.84b - Total Current Liabilities 7.75b) / Total Assets 38.08b |
| (B) 0.33 = Retained Earnings (Balance) 12.53b / Total Assets 38.08b |
| (C) 0.06 = EBIT TTM 2.16b / Avg Total Assets 39.14b |
| (D) 0.52 = Book Value of Equity 12.17b / Total Liabilities 23.24b |
| Total Rating: 2.18 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 60.66
| 1. Piotroski 4.50pt |
| 2. FCF Yield 1.96% |
| 3. FCF Margin 5.11% |
| 4. Debt/Equity 0.85 |
| 5. Debt/Ebitda 3.19 |
| 6. ROIC - WACC (= 0.24)% |
| 7. RoE 27.87% |
| 8. Rev. Trend 51.57% |
| 9. EPS Trend 45.47% |
What is the price of CARR shares?
Over the past week, the price has changed by -1.08%, over one month by -4.50%, over three months by -16.81% and over the past year by -25.64%.
Is CARR a buy, sell or hold?
- Strong Buy: 11
- Buy: 5
- Hold: 8
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the CARR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 72.7 | 33.9% |
| Analysts Target Price | 72.7 | 33.9% |
| ValueRay Target Price | 53.1 | -2.3% |
CARR Fundamental Data Overview December 05, 2025
P/E Trailing = 34.1375
P/E Forward = 17.7936
P/S = 2.1073
P/B = 3.1705
P/EG = 14.8311
Beta = 1.292
Revenue TTM = 22.06b USD
EBIT TTM = 2.16b USD
EBITDA TTM = 3.42b USD
Long Term Debt = 11.34b USD (from longTermDebt, last quarter)
Short Term Debt = 580.0m USD (from shortTermDebt, last quarter)
Debt = 12.34b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 10.92b USD (from netDebt column, last quarter)
Enterprise Value = 57.40b USD (46.48b + Debt 12.34b - CCE 1.42b)
Interest Coverage Ratio = 4.89 (Ebit TTM 2.16b / Interest Expense TTM 442.0m)
FCF Yield = 1.96% (FCF TTM 1.13b / Enterprise Value 57.40b)
FCF Margin = 5.11% (FCF TTM 1.13b / Revenue TTM 22.06b)
Net Margin = 18.05% (Net Income TTM 3.98b / Revenue TTM 22.06b)
Gross Margin = 27.31% ((Revenue TTM 22.06b - Cost of Revenue TTM 16.04b) / Revenue TTM)
Gross Margin QoQ = 25.97% (prev 29.07%)
Tobins Q-Ratio = 1.51 (Enterprise Value 57.40b / Total Assets 38.08b)
Interest Expense / Debt = 0.79% (Interest Expense 97.0m / Debt 12.34b)
Taxrate = 0.23% (1.00m / 433.0m)
NOPAT = 2.16b (EBIT 2.16b * (1 - 0.23%))
Current Ratio = 1.14 (Total Current Assets 8.84b / Total Current Liabilities 7.75b)
Debt / Equity = 0.85 (Debt 12.34b / totalStockholderEquity, last quarter 14.51b)
Debt / EBITDA = 3.19 (Net Debt 10.92b / EBITDA 3.42b)
Debt / FCF = 9.69 (Net Debt 10.92b / FCF TTM 1.13b)
Total Stockholder Equity = 14.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.46% (Net Income 3.98b / Total Assets 38.08b)
RoE = 27.87% (Net Income TTM 3.98b / Total Stockholder Equity 14.29b)
RoCE = 8.44% (EBIT 2.16b / Capital Employed (Equity 14.29b + L.T.Debt 11.34b))
RoIC = 8.30% (NOPAT 2.16b / Invested Capital 25.99b)
WACC = 8.06% (E(46.48b)/V(58.82b) * Re(9.99%) + D(12.34b)/V(58.82b) * Rd(0.79%) * (1-Tc(0.00)))
Discount Rate = 9.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.26%
[DCF Debug] Terminal Value 73.19% ; FCFE base≈1.06b ; Y1≈1.17b ; Y5≈1.51b
Fair Price DCF = 22.48 (DCF Value 18.93b / Shares Outstanding 842.2m; 5y FCF grow 11.98% → 3.0% )
EPS Correlation: 45.47 | EPS CAGR: 11.87% | SUE: 2.13 | # QB: 1
Revenue Correlation: 51.57 | Revenue CAGR: 2.25% | SUE: 0.06 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.60 | Chg30d=-0.083 | Revisions Net=-8 | Analysts=14
EPS next Year (2026-12-31): EPS=3.01 | Chg30d=-0.212 | Revisions Net=-21 | Growth EPS=+13.6% | Growth Revenue=+4.2%
Additional Sources for CARR Stock
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Fund Manager Positions: Dataroma | Stockcircle