CARR Stock Analysis: Carrier Global | NYSE
Building Products & Equipment | NYSE, USA | Market Cap: 49.394m USD | 12M Return: -8.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 440M
EPS Trend: -49.4%
Qual. Beats: 0
Rev. Trend: 52.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 6.4 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 is a U.S.-based provider of intelligent climate and energy solutions for residential, commercial, and transportation customers, operating through four segments: Climate Solutions Americas, Europe, Asia Pacific/Middle East/Africa, and Climate Solutions Transportation. Its offering includes air conditioners, heating systems, heat pumps, building automation and energy management systems, aftermarket services, modernization, and transport refrigeration and monitoring for trucks, trailers, shipping containers, and rail applications. Products are sold under multiple brands including Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, and Carrier Transicold.
The business spans the Heating, Ventilation, and Air Conditioning (HVAC) industry-where demand is driven by construction activity, replacement cycles, and energy efficiency regulation-alongside the transport cold chain tied to global refrigerated logistics for food and pharmaceuticals. Carrier is classified within the GICS Industrials sector, Building Products sub-industry, was incorporated in 2019, is headquartered in Palm Beach Gardens, Florida, and began trading on the NYSE under the ticker CARR on April 3, 2020.
- European heat pump adoption drives Climate Solutions Europe revenue
- Transportation refrigeration sales track US truck freight cycle
- A2L refrigerant phaseout accelerates HVAC replacement demand
| 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 (2.83b): 4.05 < 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: 4.67 > 6 (EBIT TTM 1.56b / 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: 0.04 (EBIT TTM 1.56b / Avg Total Assets 37.9b) |
| D: 0.55 (Book Value of Equity 13.1b / Total Liabilities 23.9b) |
| Altman-Z'' = 1.98 = 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 August 02, 2026, the stock is trading at USD 61.81 with a total of 6,115,546 shares traded. Over the past week, the price has changed by -10.26%, over one month by -15.43%, over three months by -7.32% and over the past year by -8.54%.
Current recommended Stop Loss: 58.40 (which is 5.5% 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 | 77.3 | 25% |
P/E Trailing = 42.1972
P/E Forward = 22.5734
P/S = 2.2342
P/B = 3.8998
P/EG = 1.519
Revenue TTM = 22.1b USD
EBIT TTM = 1.56b USD
EBITDA TTM = 2.83b USD
Long Term Debt = 11.4b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.64b USD (from shortTermDebt, last quarter)
Debt = 12.8b USD (from shortLongTermDebtTotal, last quarter) + Leases 415.0m
Net Debt = 11.5b USD (calculated: Debt 12.8b - CCE 1.34b)
Enterprise Value = 60.9b USD (49.4b + Debt 12.8b - CCE 1.34b)
Interest Coverage Ratio = 4.67 (Ebit TTM 1.56b / Interest Expense TTM 334.0m)
EV/FCF = 32.01x (Enterprise Value 60.9b / FCF TTM 1.90b)
FCF Yield = 3.12% (FCF TTM 1.90b / Enterprise Value 60.9b)
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 = 1.63 (Enterprise Value 60.9b / Total Assets 37.4b)
Interest Expense / Debt = 2.61% (Interest Expense 334.0m / Debt 12.8b)
Taxrate = 3.84% (51.0m / 1.33b)
NOPAT = 1.50b (EBIT 1.56b * (1 - 3.84%))
Current Ratio = 1.02 (Total Current Assets 9.41b / Total Current Liabilities 9.23b)
Debt / Equity = 0.97 (Debt 12.8b / totalStockholderEquity, last quarter 13.1b)
Debt / EBITDA = 4.05 (Net Debt 11.5b / EBITDA 2.83b)
Debt / FCF = 6.03 (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 = 6.21% (EBIT 1.56b / Capital Employed (Equity 13.7b + L.T.Debt 11.4b))
RoIC = 5.23% (NOPAT 1.50b / Invested Capital 28.7b)
WACC = 8.77% (E(49.4b)/V(62.2b) * Re(10.39%) + D(12.8b)/V(62.2b) * Rd(2.61%) * (1-Tc(0.04)))
Discount Rate = 10.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -96.97 | Cagr: -3.66%
[DCF] Terminal Value 76.63% ; FCFF base≈1.36b ; Y1≈1.56b ; Y5≈2.29b
[DCF] Fair Price = 25.04 (EV 32.1b - Net Debt 11.5b = Equity 20.6b / Shares 824.3m; r=8.77% [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=0.86 | Chg30d=-0.31% | Revisions=-17% | Analysts=19
EPS current Year (2026-12-31): EPS=2.82 | Chg30d=+0.83% | Revisions=+50% | GrowthEPS=+8.9% | GrowthRev=+3.1%
EPS next Year (2027-12-31): EPS=3.22 | Chg30d=+0.61% | Revisions=+50% | GrowthEPS=+14.0% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: +42% (up=7, down=2)