Inside the research
Carrier Global Corporation
CARR Research profile · latest available data
Price overview
$56.37
▲ +1.50 (+2.7%)
| 52w hi | $75.73 |
|---|---|
| 52w lo | $49.79 |
| Vol | 7.02M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.51
| Short | -0.46 |
|---|---|
| Medium | -0.59 |
| Long | -0.48 |
computed 2026-09-27
Key fundamentals
Carrier Global Corporation
Industrials · Building Products & Equipment
| Market cap | $46.47B |
|---|---|
| Enterprise value | $57.84B |
| Trailing P/E | 40.26x |
| Forward P/E | 17.02x |
| EV / EBITDA | 18.70x |
| P / S (ttm) | 2.12x |
| Profit margin | 5.5% |
| Return on equity | 9.0% |
| Revenue growth | +3.9% |
| Earnings growth | -11.8% |
| Debt / equity | 92.00 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.11 | |
| Sector | -0.01 | |
| Technical | -0.40 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Carrier Global Corporation provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally. It operates through four segments: Climate Solutions Americas; Climate Solutions Europe; Climate Solutions Asia Pacific, Middle East & Africa; and Climate Solutions Transportation. The company provides air conditioners, heating systems, heat pumps, home and building energy management systems, automation systems, aftermarket components, and repair and maintenance and rental services, as well as modernization and upgrades to meet the heating, cooling, and ventilation needs of residential and commercial customers. It also offers transport refrigeration and monitoring products, services, and digital solutions for trucks, trailers, shipping containers, and intermodal and rail applications. The company offers its products under the Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
Risk Metrics
| Beta vs SPX | 1.16 |
|---|---|
| Corr SPX | 0.54 |
| Annual vol | 34.7% |
| Annual ret | -11.4% |
| Sharpe | -0.33 |
| Max DD | -39.1% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $75.51 |
|---|---|
| High / Low | $90.00 / $55.00 |
| Median | $75.00 |
| Analysts | 23 |
| Strong Buy | 2 | |
|---|---|---|
| Buy | 12 | |
| Hold | 12 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-01 | RBC Capital | → Outperform |
| 2026-05-01 | Evercore ISI Group | → Outperform |
| 2026-05-01 | Citigroup | → Buy |
| 2026-05-01 | Barclays | → Overweight |
| 2026-04-14 | BNP Paribas | → Neutral |
| 2026-04-13 | Evercore ISI Group | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-28 | Earnings Release, Exhibits | read |
| 2026-07-24 | Officer / Director Change, Exhibits | read |
| 2026-04-30 | Earnings Release, Exhibits | read |
| 2026-04-16 | Shareholder Vote | read |
| 2026-02-05 | Earnings Release | read |
| 2025-10-28 | Earnings Release, Reg FD Disclosure… | read |
| 2025-09-04 | Officer / Director Change | read |
| 2025-07-29 | Earnings Release, Exhibits | read |
| 2025-07-29 | Other Material Event, Exhibits | read |
| 2025-06-05 | Reg FD Disclosure | read |
| 2025-05-01 | Earnings Release, Reg FD Disclosure… | read |
| 2025-04-17 | Officer / Director Change | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 7 |
| Top-5 share | 97.1% |
| HHI | 5,081 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $2.52B | 34.39M |
| Millennium Management | $302.01M | 4.12M |
| Citadel Advisors | $288.59M | 3.93M |
| AQR Capital Management | $206.91M | 2.82M |
| Capital Research / Capital World | $187.76M | 2.56M |
| Fidelity / FMR LLC | $102.81M | 1.40M |
| T. Rowe Price Group | $243.71K | 3.32M |
As of 2026-06-30
Connections
Subsidiarys: International Comfort Products
Dividends
| Yield (TTM) | 1.25% |
|---|---|
| $ / share (TTM) | $0.70 |
| 5y CAGR | +19.2% |
Annual dividend per share
| 2021 | $0.51 |
|---|---|
| 2022 | $0.64 |
| 2023 | $0.74 |
| 2024 | $0.80 |
| 2025 | $0.68 |
| 2026 | $0.48 |
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $1.40M | Department of Justice | CHILLER COMPRESSOR REPLACEMENT. |
| $454.46K | Department of Veterans Affairs | CARRIER CHILLER EXTENDED WARRANTY & SERVICE |
| $396.48K | Department of Veterans Affairs | CARRIER SERVICE CONTRACT |
| $261.90K | Department of Veterans Affairs | REPAIR HVAC SYSTEM |
| $249.99K | Department of Defense | WATER CHILLER |
| $249.86K | Department of Health and Human Services | FUNDING RECEIVED TO PURCHASE TEMPTALE 4 BIO TEMP MONITORS |
| $249.86K | Department of Health and Human Services | TT4 BIO REUSABLE TEMPERATURE MONITORING DEVICES |
| $212.02K | Department of Veterans Affairs | CHILLER REPAIR |
SEC Filings
The Long Run
FY 2020–2025 · 6 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $18.95B | +31.5% | |
| Operating income | $2.17B | -9.8% | |
| Net income | $1.48B | -58.0% | |
| Cash from ops | $2.51B | +4.1% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $55.22 | $56.79 | $55.10 | $56.37 | 7.02M |
| Sep 24 | $54.75 | $55.21 | $54.40 | $54.87 | 5.05M |
| Sep 23 | $54.81 | $55.74 | $54.74 | $55.10 | 5.31M |
| Sep 22 | $55.18 | $55.58 | $54.85 | $55.26 | 8.22M |
| Sep 21 | $54.46 | $54.91 | $53.90 | $54.62 | 6.88M |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →