CARRIER GLOBAL CORP (CARR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CARR - US14448C1045 - Common Stock
56.36 USD
+1.15 (+2.08%)
We assign a fundamental rating of 4 out of 10 to CARR. CARR was compared to 42 industry peers in the Building Products industry. There are concerns on the financial health of CARR while its profitability can be described as average. 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.
- CARR had positive earnings in each of the past 5 years.
- Each year in the past 5 years CARR had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of CARR (10.46%) is better than 71.43% of its industry peers.
- CARR has a Return On Equity of 27.45%. This is amongst the best in the industry. CARR outperforms 83.33% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 5.09%, CARR is doing worse than 73.81% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for CARR is below the industry average of 12.68%.
| 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
- The Profit Margin of CARR (18.05%) is better than 92.86% of its industry peers.
- 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.
- CARR's Gross Margin of 27.36% is in line compared to the rest of the industry. CARR outperforms 42.86% of its industry peers.
- 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CARR is destroying value.
- CARR has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for CARR has been increased compared to 5 years ago.
- The debt/assets ratio for CARR has been reduced compared to a year ago.
2.2 Solvency
- CARR has an Altman-Z score of 2.47. 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 2.47 is on the low side compared to the rest of the industry. CARR is outperformed by 76.19% of its industry peers.
- The Debt to FCF ratio of CARR is 8.45, which is on the high side as it means it would take CARR, 8.45 years of fcf income to pay off all of its debts.
- CARR has a Debt to FCF ratio of 8.45. This is in the lower half of the industry: CARR underperforms 64.29% of its industry peers.
- CARR has a Debt/Equity ratio of 0.78. This is a neutral value indicating 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 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 8.45 | ||
| Altman-Z | 2.47 |
ROIC/WACC0.6
WACC8.44%
2.3 Liquidity
- CARR has a Current Ratio of 1.14. This is a normal value and indicates that CARR is financially healthy and should not expect problems in meeting its short term obligations.
- CARR has a Current ratio of 1.14. This is amonst the worse of the industry: CARR underperforms 90.48% of its industry peers.
- CARR has a Quick Ratio of 1.14. This is a bad value and indicates that CARR is not financially healthy enough and could expect problems in meeting its short term obligations.
- CARR has a Quick ratio of 0.75. This is amonst the worse of the industry: CARR underperforms 88.10% 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%.
- Measured over the past years, CARR shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.27% on average per year.
- Looking at the last year, CARR shows a very negative growth in Revenue. The Revenue has decreased by -22.93% in the last year.
- 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
- The Earnings Per Share is expected to grow by 11.59% on average over the next years. This is quite good.
- 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-3.31%
EPS Next 2Y4.14%
EPS Next 3Y7.37%
EPS Next 5Y11.59%
Revenue Next Year-3.97%
Revenue Next 2Y-0.37%
Revenue Next 3Y1.49%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 20.27, the valuation of CARR can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of CARR is on the same level as its industry peers.
- The average S&P500 Price/Earnings ratio is at 26.94. CARR is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 18.56, the valuation of CARR can be described as rather expensive.
- CARR's Price/Forward Earnings ratio is in line with the industry average.
- CARR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.27 | ||
| Fwd PE | 18.56 |
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 | 33.64 | ||
| EV/EBITDA | 15.45 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1
EPS Next 2Y4.14%
EPS Next 3Y7.37%
5. Dividend
5.1 Amount
- CARR has a Yearly Dividend Yield of 1.73%.
- Compared to an average industry Dividend Yield of 0.67, CARR pays a better dividend. On top of this CARR pays more dividend than 90.48% of the companies listed in the same industry.
- CARR's Dividend Yield is comparable with the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.73% |
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 2Y4.14%
EPS Next 3Y7.37%
NYSE:CARR (1/21/2026, 10:28:08 AM)
56.36
+1.15 (+2.08%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)10-28 2025-10-28/bmo
Earnings (Next)02-05 2026-02-05/amc
Inst Owners87.14%
Inst Owner Change0.82%
Ins Owners6.1%
Ins Owner Change2.52%
Market Cap47.47B
Revenue(TTM)22.06B
Net Income(TTM)3.98B
Analysts78.06
Price Target72.36 (28.39%)
Short Float %1.59%
Short Ratio1.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.73% |
Yearly Dividend0.78
Dividend Growth(5Y)N/A
DP18.56%
Div Incr Years4
Div Non Decr Years4
Ex-Date01-20 2026-01-20 (0.24)
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)-2.04%
PT rev (3m)-9.42%
EPS NQ rev (1m)-2.36%
EPS NQ rev (3m)-29.86%
EPS NY rev (1m)0.27%
EPS NY rev (3m)-8.13%
Revenue NQ rev (1m)-1.54%
Revenue NQ rev (3m)-5.88%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)-2.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.27 | ||
| Fwd PE | 18.56 | ||
| P/S | 2.15 | ||
| P/FCF | 33.64 | ||
| P/OCF | 25.13 | ||
| P/B | 3.27 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.45 |
EPS(TTM)2.78
EY4.93%
EPS(NY)3.04
Fwd EY5.39%
FCF(TTM)1.68
FCFY2.97%
OCF(TTM)2.24
OCFY3.98%
SpS26.19
BVpS17.23
TBVpS-9.18
PEG (NY)N/A
PEG (5Y)1
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 | 2.47 |
F-Score5
WACC8.44%
ROIC/WACC0.6
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-3.31%
EPS Next 2Y4.14%
EPS Next 3Y7.37%
EPS Next 5Y11.59%
Revenue 1Y (TTM)-22.93%
Revenue growth 3Y2.94%
Revenue growth 5Y3.86%
Sales Q2Q%-6.77%
Revenue Next Year-3.97%
Revenue Next 2Y-0.37%
Revenue Next 3Y1.49%
Revenue Next 5Y5%
EBIT growth 1Y-5.35%
EBIT growth 3Y-2.27%
EBIT growth 5Y-1.23%
EBIT Next Year22.29%
EBIT Next 3Y10.64%
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.
Can you provide the valuation status for CARRIER GLOBAL CORP?
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 financial health of CARRIER GLOBAL CORP (CARR) stock?
The financial health rating of CARRIER GLOBAL CORP (CARR) is 2 / 10.
How sustainable is the dividend of CARRIER GLOBAL CORP (CARR) stock?
The dividend rating of CARRIER GLOBAL CORP (CARR) is 5 / 10 and the dividend payout ratio is 18.56%.