CARR Stock Analysis: Carrier Global | NYSE
Building Products & Equipment | NYSE, USA | Market Cap: 60.923m USD | 12M Return: -6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 412M
EPS Trend: -5.6%
Qual. Beats: 0
Rev. Trend: 48.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 6.3 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: 1.31b 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: 5.46 > 6 (EBIT TTM 1.88b / Interest Expense TTM 344.0m) |
| 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 July 05, 2026, the stock is trading at USD 70.07 with a total of 6,157,300 shares traded. Over the past week, the price has changed by -7.80%, over one month by +3.68%, over three months by +26.50% and over the past year by -6.01%.
Current recommended Stop Loss: 66.90 (which is 4.5% 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 | 76.4 | 9% |
P/E Trailing = 48.9
P/E Forward = 26.2467
P/S = 2.7857
P/B = 4.5339
P/EG = 1.766
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 = 72.5b USD (60.9b + Debt 13.0b - CCE 1.37b)
Interest Coverage Ratio = 5.46 (Ebit TTM 1.88b / Interest Expense TTM 344.0m)
EV/FCF = 43.72x (Enterprise Value 72.5b / FCF TTM 1.66b)
FCF Yield = 2.29% (FCF TTM 1.66b / Enterprise Value 72.5b)
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 = 1.95 (Enterprise Value 72.5b / Total Assets 37.2b)
Interest Expense / Debt = 2.65% (Interest Expense 344.0m / 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 = 8.71% (E(60.9b)/V(73.9b) * Re(10.02%) + D(13.0b)/V(73.9b) * Rd(2.65%) * (1-Tc(0.02)))
Discount Rate = 10.02% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -60.0 | Cagr: -0.60%
[DCF] Terminal Value 76.80% ; FCFF base≈1.21b ; Y1≈1.38b ; Y5≈2.03b
[DCF] Fair Price = 20.66 (EV 28.8b - Net Debt 11.6b = Equity 17.2b / Shares 830.6m; r=8.71% [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=-0.06% | Revisions=-41% | Analysts=19
EPS next Quarter (2026-09-30): EPS=0.86 | Chg30d=-0.39% | Revisions=-15% | Analysts=19
EPS current Year (2026-12-31): EPS=2.80 | Chg30d=+0.10% | Revisions=+55% | GrowthEPS=+8.0% | GrowthRev=+2.4%
EPS next Year (2027-12-31): EPS=3.20 | Chg30d=-0.12% | Revisions=+47% | GrowthEPS=+14.3% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +10% (up=37, down=30)