CARRIER GLOBAL CORP (CARR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CARR - US14448C1045 - Common Stock
53.41 USD
-0.03 (-0.06%)
We assign a fundamental rating of 4 out of 10 to CARR. CARR was compared to 41 industry peers in the Building Products industry. While CARR is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, CARR is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year CARR was profitable.
In the past year CARR had a positive cash flow from operations.
Each year in the past 5 years CARR has been profitable.
Each year in the past 5 years CARR had a positive operating cash flow.
1.2 Ratios
CARR has a Return On Assets of 10.46%. This is in the better half of the industry: CARR outperforms 70.73% of its industry peers.
With an excellent Return On Equity value of 27.45%, CARR belongs to the best of the industry, outperforming 82.93% of the companies in the same industry.
CARR has a Return On Invested Capital of 5.09%. This is in the lower half of the industry: CARR underperforms 73.17% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CARR is below the industry average of 12.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.46% | ||
| ROE | 27.45% | ||
| ROIC | 5.09% |
ROA(3y)10.88%
ROA(5y)9.38%
ROE(3y)33.63%
ROE(5y)31.44%
ROIC(3y)8.06%
ROIC(5y)7.66%
1.3 Margins
With an excellent Profit Margin value of 18.05%, CARR belongs to the best of the industry, outperforming 92.68% of the companies in the same industry.
CARR's Profit Margin has improved in the last couple of years.
CARR has a Operating Margin (11.00%) which is comparable to the rest of the industry.
CARR's Operating Margin has declined in the last couple of years.
The Gross Margin of CARR (27.36%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CARR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11% | ||
| PM (TTM) | 18.05% | ||
| GM | 27.36% |
OM growth 3Y-5.06%
OM growth 5Y-4.9%
PM growth 3Y45.61%
PM growth 5Y16.99%
GM growth 3Y-2.78%
GM growth 5Y-1.79%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CARR is destroying value.
CARR has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CARR has more shares outstanding
The debt/assets ratio for CARR has been reduced compared to a year ago.
2.2 Solvency
CARR has an Altman-Z score of 2.43. This is not the best score and indicates that CARR is in the grey zone with still only limited risk for bankruptcy at the moment.
CARR's Altman-Z score of 2.43 is on the low side compared to the rest of the industry. CARR is outperformed by 80.49% of its industry peers.
CARR has a debt to FCF ratio of 8.45. This is a slightly negative value and a sign of low solvency as CARR would need 8.45 years to pay back of all of its debts.
CARR's Debt to FCF ratio of 8.45 is on the low side compared to the rest of the industry. CARR is outperformed by 65.85% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that CARR is somewhat dependend on debt financing.
CARR's Debt to Equity ratio of 0.78 is on the low side compared to the rest of the industry. CARR is outperformed by 63.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 8.45 | ||
| Altman-Z | 2.43 |
ROIC/WACC0.57
WACC8.92%
2.3 Liquidity
A Current Ratio of 1.14 indicates that CARR should not have too much problems paying its short term obligations.
With a Current ratio value of 1.14, CARR is not doing good in the industry: 87.80% of the companies in the same industry are doing better.
A Quick Ratio of 0.75 indicates that CARR may have some problems paying its short term obligations.
CARR's Quick ratio of 0.75 is on the low side compared to the rest of the industry. CARR is outperformed by 85.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
CARR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.36%.
The Earnings Per Share has been growing by 20.27% on average over the past years. This is a very strong growth
CARR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -22.93%.
The Revenue has been growing slightly by 3.86% on average over the past years.
EPS 1Y (TTM)-0.36%
EPS 3Y7.25%
EPS 5Y20.27%
EPS Q2Q%-12.99%
Revenue 1Y (TTM)-22.93%
Revenue growth 3Y2.94%
Revenue growth 5Y3.86%
Sales Q2Q%-6.77%
3.2 Future
Based on estimates for the next years, CARR will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.59% on average per year.
CARR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.00% yearly.
EPS Next Y-3.57%
EPS Next 2Y4.07%
EPS Next 3Y7.64%
EPS Next 5Y11.59%
Revenue Next Year-3.63%
Revenue Next 2Y-0.07%
Revenue Next 3Y1.93%
Revenue Next 5Y5%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.21, CARR is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of CARR is on the same level as its industry peers.
CARR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.43.
With a Price/Forward Earnings ratio of 17.61, CARR is valued on the expensive side.
The rest of the industry has a similar Price/Forward Earnings ratio as CARR.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.66, CARR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.21 | ||
| Fwd PE | 17.61 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CARR.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CARR is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.88 | ||
| EV/EBITDA | 15.04 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.95
EPS Next 2Y4.07%
EPS Next 3Y7.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.77%, CARR has a reasonable but not impressive dividend return.
CARR's Dividend Yield is rather good when compared to the industry average which is at 0.72. CARR pays more dividend than 85.37% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.87, CARR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
5.2 History
CARR has been paying a dividend for over 5 years, so it has already some track record.
CARR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
18.56% of the earnings are spent on dividend by CARR. This is a low number and sustainable payout ratio.
DP18.56%
EPS Next 2Y4.07%
EPS Next 3Y7.64%
NYSE:CARR (12/17/2025, 10:15:09 AM)
53.41
-0.03 (-0.06%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners87.23%
Inst Owner Change-0.67%
Ins Owners6.1%
Ins Owner Change2.9%
Market Cap44.98B
Revenue(TTM)22.06B
Net Income(TTM)3.98B
Analysts77.42
Price Target73.87 (38.31%)
Short Float %1.46%
Short Ratio1.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
Yearly Dividend0.78
Dividend Growth(5Y)N/A
DP18.56%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.53%
Min EPS beat(2)-0.24%
Max EPS beat(2)15.31%
EPS beat(4)3
Avg EPS beat(4)7.55%
Min EPS beat(4)-0.24%
Max EPS beat(4)15.31%
EPS beat(8)6
Avg EPS beat(8)5.54%
EPS beat(12)9
Avg EPS beat(12)4.93%
EPS beat(16)13
Avg EPS beat(16)6.21%
Revenue beat(2)0
Avg Revenue beat(2)-1.75%
Min Revenue beat(2)-1.83%
Max Revenue beat(2)-1.67%
Revenue beat(4)0
Avg Revenue beat(4)-2.28%
Min Revenue beat(4)-4.33%
Max Revenue beat(4)-1.31%
Revenue beat(8)0
Avg Revenue beat(8)-4%
Revenue beat(12)2
Avg Revenue beat(12)-2.9%
Revenue beat(16)4
Avg Revenue beat(16)-2.03%
PT rev (1m)-3.49%
PT rev (3m)-9.78%
EPS NQ rev (1m)-3.92%
EPS NQ rev (3m)-36.7%
EPS NY rev (1m)-1.33%
EPS NY rev (3m)-12.67%
Revenue NQ rev (1m)-0.12%
Revenue NQ rev (3m)-6.56%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-3.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.21 | ||
| Fwd PE | 17.61 | ||
| P/S | 2.04 | ||
| P/FCF | 31.88 | ||
| P/OCF | 23.81 | ||
| P/B | 3.1 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.04 |
EPS(TTM)2.78
EY5.21%
EPS(NY)3.03
Fwd EY5.68%
FCF(TTM)1.68
FCFY3.14%
OCF(TTM)2.24
OCFY4.2%
SpS26.19
BVpS17.23
TBVpS-9.18
PEG (NY)N/A
PEG (5Y)0.95
Graham Number32.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.46% | ||
| ROE | 27.45% | ||
| ROCE | 8% | ||
| ROIC | 5.09% | ||
| ROICexc | 5.34% | ||
| ROICexgc | 23.15% | ||
| OM | 11% | ||
| PM (TTM) | 18.05% | ||
| GM | 27.36% | ||
| FCFM | 6.4% |
ROA(3y)10.88%
ROA(5y)9.38%
ROE(3y)33.63%
ROE(5y)31.44%
ROIC(3y)8.06%
ROIC(5y)7.66%
ROICexc(3y)10.45%
ROICexc(5y)9.61%
ROICexgc(3y)34.91%
ROICexgc(5y)29.9%
ROCE(3y)12.67%
ROCE(5y)12.04%
ROICexgc growth 3Y11.52%
ROICexgc growth 5Y4.64%
ROICexc growth 3Y-15.42%
ROICexc growth 5Y-8.97%
OM growth 3Y-5.06%
OM growth 5Y-4.9%
PM growth 3Y45.61%
PM growth 5Y16.99%
GM growth 3Y-2.78%
GM growth 5Y-1.79%
F-Score5
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 8.45 | ||
| Debt/EBITDA | 3.07 | ||
| Cap/Depr | 37.85% | ||
| Cap/Sales | 2.17% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 51.21% | ||
| Profit Quality | 35.43% | ||
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 2.43 |
F-Score5
WACC8.92%
ROIC/WACC0.57
Cap/Depr(3y)74.81%
Cap/Depr(5y)83.81%
Cap/Sales(3y)2.12%
Cap/Sales(5y)1.96%
Profit Quality(3y)66.45%
Profit Quality(5y)76.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.36%
EPS 3Y7.25%
EPS 5Y20.27%
EPS Q2Q%-12.99%
EPS Next Y-3.57%
EPS Next 2Y4.07%
EPS Next 3Y7.64%
EPS Next 5Y11.59%
Revenue 1Y (TTM)-22.93%
Revenue growth 3Y2.94%
Revenue growth 5Y3.86%
Sales Q2Q%-6.77%
Revenue Next Year-3.63%
Revenue Next 2Y-0.07%
Revenue Next 3Y1.93%
Revenue Next 5Y5%
EBIT growth 1Y-5.35%
EBIT growth 3Y-2.27%
EBIT growth 5Y-1.23%
EBIT Next Year22.6%
EBIT Next 3Y10.9%
EBIT Next 5Y8.53%
FCF growth 1Y-38.44%
FCF growth 3Y-42.28%
FCF growth 5Y-27.03%
OCF growth 1Y-29.2%
OCF growth 3Y-26.64%
OCF growth 5Y-15.1%
CARRIER GLOBAL CORP / CARR FAQ
Can you provide the ChartMill fundamental rating for CARRIER GLOBAL CORP?
ChartMill assigns a fundamental rating of 4 / 10 to CARR.
What is the valuation status of CARRIER GLOBAL CORP (CARR) stock?
ChartMill assigns a valuation rating of 2 / 10 to CARRIER GLOBAL CORP (CARR). This can be considered as Overvalued.
How profitable is CARRIER GLOBAL CORP (CARR) stock?
CARRIER GLOBAL CORP (CARR) has a profitability rating of 5 / 10.
What is the valuation of CARRIER GLOBAL CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for CARRIER GLOBAL CORP (CARR) is 19.21 and the Price/Book (PB) ratio is 3.1.
Can you provide the expected EPS growth for CARR stock?
The Earnings per Share (EPS) of CARRIER GLOBAL CORP (CARR) is expected to decline by -3.57% in the next year.