Carrier Global (CARR) Stock Analysis
This is a peer-relative look at Carrier Global (CARR): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Capital Goods peers, so every number reads in context rather than in isolation.
Company Profile
| Profile Item | CARR |
|---|---|
| Name | Carrier Global Corp. |
| Country/Region | United States |
| GICS Sector | Industrials |
| GICS Industry Group | Capital Goods |
| GICS Industry | Building Products |
| GICS Sub-Industry | Building Products |
| Market Capitalization | 42.86 billion USD |
| Currency | USD |
| Exchange | NYSE |
| Listing Date | March 19, 2020 |
| Security Type | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | Current stock: CARR | Industry group median |
|---|---|---|
| Total Return (1Y) | -4.90% | 6.84% |
| Total Return (3Y, Annualized) | 3.62% | 17.66% |
| Total Return (5Y, Annualized) | 1.11% | 9.09% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: CARR | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 35.35% | 44.38% |
| Beta (5Y) | 1.32 | 1.19 |
| Max Drawdown (5Y) | -39.75% | -49.95% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: CARR | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | -0.26 | 0.06 |
| Sortino Ratio (1Y) | -0.36 | 0.09 |
Profitability
ROE (TTM)
Carrier Global (CARR) has negative ROE of -13.44%. That can come from trailing losses or negative book equity, so it is a warning state rather than a clean capital-efficiency measure.
CARR
Capital Goods industry group
-13.44%
Group distribution
- Max
- 40.55%
- Q3
- 19.29%
- Median
- 12.12%
- Q1
- 4.08%
- CARR
- -13.44%
- Min
- -17.12%
Largest peers
- GEV
- 93.04%
- CAT
- 56.14%
- GE
- 50.17%
- DE
- 18.24%
- RTX
- 12.85%
- CARR
- -13.44%
- BA
- --
Net Margin (TTM)
Carrier Global (CARR) has negative net margin of -7.90%. The trailing period ended in a net loss, so the bottom-line conversion read is a warning rather than a profitability strength.
CARR
Capital Goods industry group
-7.90%
Group distribution
- Max
- 27.47%
- Q3
- 12.10%
- Median
- 6.30%
- Q1
- 1.40%
- CARR
- -7.90%
- Min
- -12.89%
Largest peers
- GEV
- 23.54%
- GE
- 17.31%
- CAT
- 15.21%
- DE
- 10.17%
- RTX
- 8.75%
- BA
- 8.07%
- CARR
- -7.90%
Operating Margin (TTM)
Carrier Global (CARR) turns 11.00% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.
CARR
Capital Goods industry group
11.00%
Group distribution
- Max
- 36.60%
- Q3
- 18.33%
- Median
- 11.12%
- CARR
- 11.00%
- Q1
- 5.14%
- Min
- -12.63%
Largest peers
- CAT
- 20.19%
- GE
- 18.49%
- RTX
- 15.54%
- DE
- 13.37%
- GEV
- 12.77%
- CARR
- 11.00%
- BA
- 0.30%
Profitability Metrics
| Metric | Current stock: CARR | Industry group median |
|---|---|---|
| ROE (TTM) | -13.44% | 12.12% |
| ROA (TTM) | 3.43% | 5.29% |
| Net Margin (TTM) | -7.90% | 6.30% |
| Operating Margin (TTM) | 11.00% | 11.12% |
| Gross Margin (TTM) | 24.38% | 29.63% |
Growth
Revenue Growth
Carrier Global (CARR) grew revenue -3.29%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.
EPS Growth
Carrier Global (CARR) grew earnings per share -72.03%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.
Growth Metrics
| Metric | Current stock: CARR | Industry group median |
|---|---|---|
| Revenue Growth (YoY) | -3.29% | 8.11% |
| Revenue Growth (3Y CAGR) | 7.95% | 6.45% |
| EPS Growth (YoY) | -72.03% | 5.45% |
| EPS Growth (3Y CAGR) | -25.14% | 7.15% |
Financial Strength
Current Ratio (MRQ)
Carrier Global (CARR) has current ratio of 1.00, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.
CARR
Capital Goods industry group
1.00
Group distribution
- Max
- 5.22
- Q3
- 2.95
- Median
- 2.08
- Q1
- 1.43
- CARR
- 1.00
- Min
- 0.36
Largest peers
- DE
- 2.13
- CAT
- 1.42
- BA
- 1.13
- RTX
- 1.05
- CARR
- 1.00
- GE
- 0.98
- GEV
- 0.83
Debt / Equity (MRQ)
Carrier Global (CARR) has debt-to-equity ratio of 1.14, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.
CARR
Capital Goods industry group
1.14
Group distribution
- Max
- 2.33
- CARR
- 1.14
- Q3
- 1.12
- Median
- 0.60
- Q1
- 0.29
- Min
- 0.00
Largest peers
- BA
- 7.39
- DE
- 2.30
- CAT
- 2.10
- GE
- 1.16
- CARR
- 1.14
- RTX
- 0.55
- GEV
- 0.30
Financial Strength Metrics
| Metric | Current stock: CARR | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 1.00 | 2.08 |
| Debt / Equity (MRQ) | 1.14 | 0.60 |
| Net Debt / EBITDA | 3.24 | 1.78 |
Dividends
Dividend Yield (TTM)
Carrier Global (CARR) has dividend yield of 1.80%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.
CARR
Capital Goods industry group
1.80%
Group distribution
- Max
- 2.66%
- CARR
- 1.80%
- Q3
- 1.14%
- Median
- 0.24%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CARR
- 1.80%
- RTX
- 1.47%
- CAT
- 1.13%
- DE
- 0.98%
- GE
- 0.56%
- GEV
- 0.26%
- BA
- 0.00%
Dividend Payout Ratio (TTM)
Carrier Global (CARR) has payout ratio of 67.39%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.
CARR
Capital Goods industry group
67.39%
Group distribution
- CARR
- 67.39%
- Max
- 67.39%
- Q3
- 28.02%
- Median
- 6.86%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CARR
- 67.39%
- RTX
- 45.85%
- DE
- 36.02%
- CAT
- 24.18%
- GE
- 20.23%
- GEV
- 4.59%
- BA
- 0.00%
Dividend Metrics
| Metric | Current stock: CARR | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 1.80% | 0.24% |
| Dividend Payout Ratio (TTM) | 67.39% | 6.86% |
Valuation
P/E Ratio (TTM)
No usable P/E ratio is available for Carrier Global (CARR) this period, so the trailing-earnings valuation read is skipped.
CARR
Capital Goods industry group
--
Group distribution
- Max
- 59.38
- Q3
- 35.92
- Median
- 25.41
- Q1
- 19.47
- Min
- 3.03
- CARR
- --
Largest peers
- DE
- 37.33
- GE
- 36.94
- RTX
- 30.82
- CAT
- 21.92
- GEV
- 20.32
- BA
- 17.89
- CARR
- --
P/S Ratio (TTM)
Carrier Global (CARR) trades at 1.88 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.
CARR
Capital Goods industry group
1.88
Group distribution
- Max
- 7.54
- Q3
- 3.76
- Median
- 2.15
- CARR
- 1.88
- Q1
- 1.03
- Min
- 0.03
Largest peers
- GE
- 6.38
- GEV
- 4.65
- DE
- 3.78
- CAT
- 3.29
- RTX
- 2.66
- CARR
- 1.88
- BA
- 1.45
P/B Ratio (MRQ)
Carrier Global (CARR) trades at 4.27 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.
CARR
Capital Goods industry group
4.27
Group distribution
- Max
- 9.66
- Q3
- 5.00
- CARR
- 4.27
- Median
- 3.12
- Q1
- 1.81
- Min
- -1.08
Largest peers
- BA
- 20.99
- GE
- 19.06
- GEV
- 18.00
- CAT
- 11.90
- DE
- 6.47
- CARR
- 4.27
- RTX
- 3.69
Valuation Metrics
| Metric | Current stock: CARR | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | -- | 25.41 |
| P/S Ratio (TTM) | 1.88 | 2.15 |
| P/B Ratio (MRQ) | 4.27 | 3.12 |
| Free Cash Flow Yield (TTM) | 4.54% | 3.03% |