(CARR) Carrier Global - Overview

Sector: Industrials | Industry: Building Products & Equipment | Exchange: NYSE (USA) | Market Cap: 46.565m USD | Total Return: 2.6% in 12m

Heating, Cooling, Refrigeration, Automation, Energy
Total Rating 45
Safety 84
Buy Signal 0.57
Building Products & Equipment
Industry Rotation: +13.9
Market Cap: 46.6B
Avg Turnover: 359M USD
ATR: 3.41%
Peers RS (IBD): 58.9
Risk 5d forecast
Volatility35.8%
Rel. Tail Risk-6.26%
Reward TTM
Sharpe Ratio0.38
Alpha-32.93
Character TTM
Beta1.196
Beta Downside0.838
Drawdowns 3y
Max DD38.10%
CAGR/Max DD0.35
EPS (Earnings per Share) EPS (Earnings per Share) of CARR over the last years for every Quarter: "2021-03": 0.48, "2021-06": 0.64, "2021-09": 0.71, "2021-12": 0.44, "2022-03": 0.54, "2022-06": 0.69, "2022-09": 0.7, "2022-12": 0.4, "2023-03": 0.52, "2023-06": 0.79, "2023-09": 0.89, "2023-12": 0.53, "2024-03": 0.29, "2024-06": 0.87, "2024-09": 0.77, "2024-12": 0.54, "2025-03": 0.65, "2025-06": 0.92, "2025-09": 0.67, "2025-12": 0.34,
EPS CAGR: -11.61%
EPS Trend: -1.0%
Last SUE: -0.22
Qual. Beats: 0
Revenue Revenue of CARR over the last years for every Quarter: 2021-03: 4699, 2021-06: 5440, 2021-09: 5341, 2021-12: 5133, 2022-03: 4654, 2022-06: 5211, 2022-09: 5451, 2022-12: 5105, 2023-03: 5273, 2023-06: 5992, 2023-09: 4935, 2023-12: 5102, 2024-03: 5420, 2024-06: 5934, 2024-09: 5984, 2024-12: 5148, 2025-03: 5218, 2025-06: 6113, 2025-09: 5579, 2025-12: 4837,
Rev. CAGR: 1.03%
Rev. Trend: 28.9%
Last SUE: -0.52
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

Pivot

Description: CARR Carrier Global

Carrier Global Corporation (CARR) provides climate and energy solutions across residential and commercial sectors globally. The company operates through four segments, geographically divided for climate solutions, and a dedicated transport refrigeration segment. This structure allows for specialized market approaches.

CARRs product offerings include air conditioners, heating systems, heat pumps, and building energy management systems. They also provide aftermarket components, repair, maintenance, and upgrade services. This comprehensive approach to HVAC (Heating, Ventilation, and Air Conditioning) systems is typical for mature companies in the building products sector.

The company further specializes in transport refrigeration and monitoring for trucks, trailers, and shipping containers. This segment addresses the cold chain logistics market, a critical component of global trade. CARR utilizes a multi-brand strategy, including Carrier, Viessmann, and Toshiba, to target diverse customer bases.

To deepen your understanding of CARRs financial performance and market position, consider exploring its detailed analytics on ValueRay.

Headlines to Watch Out For
  • Residential and commercial HVAC demand drives revenue growth
  • Transport refrigeration sales impacted by global logistics
  • Energy efficiency regulations boost demand for climate solutions
  • Raw material costs pressure profit margins
  • New construction starts influence HVAC equipment sales
Piotroski VR‑10 (Strict) 6.5
Net Income: 1.49b TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 5.51 > 1.0
NWC/Revenue: 6.53% < 20% (prev 8.89%; Δ -2.36% < -1%)
CFO/TA 0.07 > 3% & CFO 2.49b > Net Income 1.49b
Net Debt (11.11b) to EBITDA (3.16b): 3.52 < 3
Current Ratio: 1.20 > 1.5 & < 3
Outstanding Shares: last quarter (846.7m) vs 12m ago -6.28% < -2%
Gross Margin: 25.91% > 18% (prev 0.27%; Δ 2.56k% > 0.5%)
Asset Turnover: 58.31% > 50% (prev 60.12%; Δ -1.81% > 0%)
Interest Coverage Ratio: 5.46 > 6 (EBITDA TTM 3.16b / Interest Expense TTM 345.0m)
Altman Z'' 2.20
A: 0.04 (Total Current Assets 8.53b - Total Current Liabilities 7.11b) / Total Assets 37.19b
B: 0.33 (Retained Earnings 12.19b / Total Assets 37.19b)
C: 0.05 (EBIT TTM 1.89b / Avg Total Assets 37.30b)
D: 0.52 (Book Value of Equity 11.93b / Total Liabilities 23.06b)
Altman-Z'' Score: 2.20 = BBB
Beneish M -2.99
DSRI: 1.03 (Receivables 2.64b/2.65b, Revenue 21.75b/22.49b)
GMI: 1.03 (GM 25.91% / 26.79%)
AQI: 1.05 (AQ_t 0.67 / AQ_t-1 0.64)
SGI: 0.97 (Revenue 21.75b / 22.49b)
TATA: -0.03 (NI 1.49b - CFO 2.49b) / TA 37.19b)
Beneish M-Score: -2.99 (Cap -4..+1) = A
What is the price of CARR shares? As of April 10, 2026, the stock is trading at USD 61.46 with a total of 6,070,046 shares traded.
Over the past week, the price has changed by +10.32%, over one month by +4.67%, over three months by +9.73% and over the past year by +2.59%.
Is CARR a buy, sell or hold? Carrier Global has received a consensus analysts rating of 4.04. Therefore, it is recommended to buy CARR.
  • StrongBuy: 11
  • Buy: 5
  • Hold: 8
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the CARR price?
Analysts Target Price 71.3 16%
Carrier Global (CARR) - Fundamental Data Overview as of 06 April 2026
P/E Trailing = 32.9645
P/E Forward = 19.8807
P/S = 2.1412
P/B = 3.3716
P/EG = 1.3353
Revenue TTM = 21.75b USD
EBIT TTM = 1.89b USD
EBITDA TTM = 3.16b USD
Long Term Debt = 11.37b USD (from longTermDebt, last quarter)
Short Term Debt = 468.0m USD (from shortTermDebt, last quarter)
Debt = 12.67b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.11b USD (from netDebt column, last quarter)
Enterprise Value = 57.68b USD (46.56b + Debt 12.67b - CCE 1.55b)
Interest Coverage Ratio = 5.46 (Ebit TTM 1.89b / Interest Expense TTM 345.0m)
EV/FCF = 27.54x (Enterprise Value 57.68b / FCF TTM 2.09b)
FCF Yield = 3.63% (FCF TTM 2.09b / Enterprise Value 57.68b)
FCF Margin = 9.63% (FCF TTM 2.09b / Revenue TTM 21.75b)
Net Margin = 6.87% (Net Income TTM 1.49b / Revenue TTM 21.75b)
Gross Margin = 25.91% ((Revenue TTM 21.75b - Cost of Revenue TTM 16.11b) / Revenue TTM)
Gross Margin QoQ = 19.87% (prev 25.97%)
Tobins Q-Ratio = 1.55 (Enterprise Value 57.68b / Total Assets 37.19b)
Interest Expense / Debt = 0.02% (Interest Expense 2.00m / Debt 12.67b)
Taxrate = 17.02% (306.0m / 1.80b)
NOPAT = 1.56b (EBIT 1.89b * (1 - 17.02%))
Current Ratio = 1.20 (Total Current Assets 8.53b / Total Current Liabilities 7.11b)
Debt / Equity = 0.92 (Debt 12.67b / totalStockholderEquity, last quarter 13.80b)
Debt / EBITDA = 3.52 (Net Debt 11.11b / EBITDA 3.16b)
Debt / FCF = 5.31 (Net Debt 11.11b / FCF TTM 2.09b)
Total Stockholder Equity = 14.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.00% (Net Income 1.49b / Total Assets 37.19b)
RoE = 10.50% (Net Income TTM 1.49b / Total Stockholder Equity 14.22b)
RoCE = 7.37% (EBIT 1.89b / Capital Employed (Equity 14.22b + L.T.Debt 11.37b))
RoIC = 6.06% (NOPAT 1.56b / Invested Capital 25.81b)
WACC = 8.01% (E(46.56b)/V(59.23b) * Re(10.19%) + D(12.67b)/V(59.23b) * Rd(0.02%) * (1-Tc(0.17)))
Discount Rate = 10.19% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.44%
[DCF] Terminal Value 80.11% ; FCFF base≈1.27b ; Y1≈1.44b ; Y5≈1.96b
[DCF] Fair Price = 27.56 (EV 34.13b - Net Debt 11.11b = Equity 23.02b / Shares 835.4m; r=8.01% [WACC]; 5y FCF grow 15.27% → 3.0% )
EPS Correlation: -0.99 | EPS CAGR: -11.61% | SUE: -0.22 | # QB: 0
Revenue Correlation: 28.87 | Revenue CAGR: 1.03% | SUE: -0.52 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.83 | Chg7d=-0.010 | Chg30d=-0.031 | Revisions Net=-5 | Analysts=19
EPS current Year (2026-12-31): EPS=2.78 | Chg7d=-0.004 | Chg30d=-0.015 | Revisions Net=-3 | Growth EPS=+7.4% | Growth Revenue=+0.9%
EPS next Year (2027-12-31): EPS=3.17 | Chg7d=-0.005 | Chg30d=-0.006 | Revisions Net=+1 | Growth EPS=+14.0% | Growth Revenue=+5.2%
[Analyst] Revisions Ratio: -0.71 (1 Up / 6 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.2% (Discount Rate 10.2% - Earnings Yield 3.0%)
[Growth] Growth Spread = -12.9% (Analyst -5.8% - Implied 7.2%)
External Resources
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