(CARR) Carrier Global - Overview
Stock: Air Conditioner, Heat Pump, Refrigeration Unit, Thermostat
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.41% |
| Yield on Cost 5y | 2.47% |
| Yield CAGR 5y | 7.26% |
| Payout Consistency | 97.8% |
| Payout Ratio | 40.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 30.1% |
| Relative Tail Risk | -6.11% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.03 |
| Alpha | -15.70 |
| Character TTM | |
|---|---|
| Beta | 1.042 |
| Beta Downside | 1.036 |
| Drawdowns 3y | |
|---|---|
| Max DD | 38.10% |
| CAGR/Max DD | 0.37 |
Description: CARR Carrier Global January 29, 2026
Carrier Global Corp. (NYSE:CARR) designs and sells intelligent climate-control and energy-management solutions across four geographic regions. It operates two business lines: HVAC, which delivers residential and commercial heating, cooling, ventilation, building-automation, and aftermarket services; and Refrigeration, which provides transport-refrigeration units, monitoring hardware, and digital logistics tools for trucks, containers, and rail assets. The portfolio is marketed under brands such as Carrier, Viessmann, Toshiba, Automated Logic, and Carrier Transicold.
In FY 2023 the company reported revenue of $20.1 billion, a 3.8 % year-over-year increase, driven primarily by a 5 % rise in HVAC sales in North America. Adjusted earnings per share were $6.23, with an operating margin of 15.2 %. The most recent Q2 2024 results showed a 4 % YoY revenue gain and a 120-basis-point improvement in gross margin, reflecting higher demand for heat-pump retrofits and a modest pricing uplift in the refrigeration segment.
Key macro drivers include: (1) U.S. residential construction activity, which has risen 6 % YoY according to the NAHB/Wells Fargo Housing Market Index, boosting new-home HVAC installations; (2) tightening energy-efficiency standards in Europe and China, accelerating adoption of high-efficiency heat pumps and variable-speed compressors; and (3) sustained growth in cold-chain logistics, with global refrigerated-transport volumes expanding ~3 % annually, underpinning demand for Carrier’s Transicold and Sensitech solutions.
For a deeper quantitative view, see the ValueRay platform.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 3.98b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.58 > 1.0 |
| NWC/Revenue: 4.95% < 20% (prev 3.64%; Δ 1.31% < -1%) |
| CFO/TA 0.04 > 3% & CFO 1.60b > Net Income 3.98b |
| Net Debt (10.92b) to EBITDA (3.42b): 3.19 < 3 |
| Current Ratio: 1.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (858.6m) vs 12m ago -6.16% < -2% |
| Gross Margin: 27.31% > 18% (prev 0.27%; Δ 2703 % > 0.5%) |
| Asset Turnover: 56.36% > 50% (prev 55.82%; Δ 0.54% > 0%) |
| Interest Coverage Ratio: 4.89 > 6 (EBITDA TTM 3.42b / Interest Expense TTM 442.0m) |
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 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) |
| Altman-Z'' Score: 2.18 = BBB |
Beneish M -2.80
| DSRI: 1.17 (Receivables 3.13b/2.73b, Revenue 22.06b/22.44b) |
| GMI: 1.00 (GM 27.31% / 27.21%) |
| AQI: 1.06 (AQ_t 0.67 / AQ_t-1 0.63) |
| SGI: 0.98 (Revenue 22.06b / 22.44b) |
| TATA: 0.06 (NI 3.98b - CFO 1.60b) / TA 38.08b) |
| Beneish M-Score: -2.80 (Cap -4..+1) = A |
What is the price of CARR shares?
Over the past week, the price has changed by +7.28%, over one month by +19.99%, over three months by +13.48% and over the past year by -0.57%.
Is CARR a buy, sell or hold?
- StrongBuy: 11
- Buy: 5
- Hold: 8
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the CARR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 70.5 | 10.4% |
| Analysts Target Price | 70.5 | 10.4% |
| ValueRay Target Price | 70.4 | 10.2% |
CARR Fundamental Data Overview February 02, 2026
P/E Forward = 19.9203
P/S = 2.2987
P/B = 3.4707
P/EG = 16.6083
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 = 61.62b USD (50.70b + Debt 12.34b - CCE 1.42b)
Interest Coverage Ratio = 4.89 (Ebit TTM 2.16b / Interest Expense TTM 442.0m)
EV/FCF = 54.68x (Enterprise Value 61.62b / FCF TTM 1.13b)
FCF Yield = 1.83% (FCF TTM 1.13b / Enterprise Value 61.62b)
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 = 1.62 (Enterprise Value 61.62b / 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 = 10.17% (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 = 8.00% (E(50.70b)/V(63.04b) * Re(9.76%) + D(12.34b)/V(63.04b) * Rd(0.79%) * (1-Tc(0.00)))
Discount Rate = 9.76% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.26%
[DCF Debug] Terminal Value 79.48% ; FCFF base≈1.06b ; Y1≈1.17b ; Y5≈1.51b
Fair Price DCF = 17.99 (EV 26.07b - Net Debt 10.92b = Equity 15.15b / Shares 842.2m; r=8.00% [WACC]; 5y FCF grow 11.98% → 2.90% )
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=0.53 | Chg30d=-0.043 | Revisions Net=-4 | Analysts=14
EPS next Year (2026-12-31): EPS=2.88 | Chg30d=-0.070 | Revisions Net=-12 | Growth EPS=+10.4% | Growth Revenue=+2.9%