AER vs. CARR: AerCap vs. Carrier Global Stock Comparison

November 11, 2026

How do AerCap (AER) and Carrier Global (CARR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

AerCap (AER) and Carrier Global (CARR) both fall under the Capital Goods industry group, but AER is classified in Trading Companies & Distributors while CARR is classified in Building Products.

Company profile comparison for AerCap (AER) and Carrier Global (CARR)
Profile Item	AER	CARR
Name	AerCap Holdings N.V.	Carrier Global Corp.
Country/Region	Ireland	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Trading Companies & Distributors	Building Products
GICS Sub-Industry	Trading Companies & Distributors	Building Products
Market Capitalization	25.76 billion USD	42.86 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 21, 2006	March 19, 2020
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AER

CARR

GSPC

AerCap (AER) vs. Carrier Global (CARR), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for AerCap (AER) and Carrier Global (CARR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for AerCap (AER) and Carrier Global (CARR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for AerCap (AER) and Carrier Global (CARR)
Metric	AER	CARR
Total Return (1Y)	32.17%	-4.90%
Total Return (3Y, Annualized)	39.43%	3.62%
Total Return (5Y, Annualized)	21.06%	1.11%

Risk Profile

Drawdown History

AER

CARR

GSPC

AerCap (AER) vs. Carrier Global (CARR), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for AerCap (AER) and Carrier Global (CARR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for AerCap (AER) and Carrier Global (CARR)
Metric	AER	CARR
Volatility (1Y, Annualized)	26.10%	35.35%
Beta (5Y)	0.95	1.32
Max Drawdown (5Y)	-44.81%	-39.75%
Avg. Volume (3M)	1.13M	6.08M

Risk-Adjusted Performance

Risk-Return Positioning

AER and CARR are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for AerCap (AER) and Carrier Global (CARR)
Metric	AER	CARR
Sharpe Ratio (1Y)	1.07	-0.26
Sortino Ratio (1Y)	1.59	-0.36

Profitability

ROE (TTM)

Carrier Global (CARR) reports a negative ROE of -13.44%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile AerCap (AER) reports 17.00%, ranking against industry peers normally.

AER

Capital Goods industry group

17.00%

Max: 40.55%
Q3: 19.29%
AER: 17.00%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

CARR

Capital Goods industry group

-13.44%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
CARR: -13.44%
Min: -17.12%

AerCap (AER) vs. Carrier Global (CARR): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Carrier Global (CARR) reports a negative net margin of -7.90%, usually indicating a net loss over the period. Meanwhile AerCap (AER) reports 34.47%, ranking against industry peers normally.

AER

Capital Goods industry group

34.47%

AER: 34.47%
Max: 27.47%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

CARR

Capital Goods industry group

-7.90%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
CARR: -7.90%
Min: -12.89%

AerCap (AER) vs. Carrier Global (CARR): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

AerCap (AER) at 62.55% turns sales into operating profit above its industry’s benchmark range, while Carrier Global (CARR) at 11.00% operates around its industry’s norm.

AER

Capital Goods industry group

62.55%

AER: 62.55%
Max: 36.60%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

CARR

Capital Goods industry group

11.00%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
CARR: 11.00%
Q1: 5.14%
Min: -12.63%

AerCap (AER) vs. Carrier Global (CARR): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for AerCap (AER) and Carrier Global (CARR)
Metric	AER	CARR
ROE (TTM)	17.00%	-13.44%
ROA (TTM)	4.52%	3.43%
Net Margin (TTM)	34.47%	-7.90%
Operating Margin (TTM)	62.55%	11.00%
Gross Margin (TTM)	63.02%	24.38%

Growth

Revenue Growth

AerCap (AER) at 6.50% is around its peer norm for revenue growth, while Carrier Global (CARR) at -3.29% drops into the bottom quartile, signaling weaker demand or pricing momentum.

AerCap (AER) vs. Carrier Global (CARR): A comparison of their Revenue Growth across different time periods.

EPS Growth

AerCap (AER) at 97.41% sits in the top EPS growth quartile, while Carrier Global (CARR) at -72.03% is in the bottom quartile, showing a clear gap in earnings momentum.

AerCap (AER) vs. Carrier Global (CARR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for AerCap (AER) and Carrier Global (CARR)
Metric	AER	CARR
Revenue Growth (YoY)	6.50%	-3.29%
Revenue Growth (3Y CAGR)	6.69%	7.95%
EPS Growth (YoY)	97.41%	-72.03%
EPS Growth (3Y CAGR)	--	-25.14%

Financial Strength

Current Ratio (MRQ)

AerCap (AER) at 1.45 keeps current ratio within its industry’s typical mid-range, while Carrier Global (CARR) at 1.00 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CARR.

AER

Capital Goods industry group

1.45

Max: 5.22
Q3: 2.95
Median: 2.08
AER: 1.45
Q1: 1.43
Min: 0.36

CARR

Capital Goods industry group

1.00

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
CARR: 1.00
Min: 0.36

AerCap (AER) vs. Carrier Global (CARR): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both AerCap (AER) at 2.33 and Carrier Global (CARR) at 1.14 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

AER

Capital Goods industry group

2.33

AER: 2.33
Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

CARR

Capital Goods industry group

1.14

Max: 2.33
CARR: 1.14
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

AerCap (AER) vs. Carrier Global (CARR): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for AerCap (AER) and Carrier Global (CARR)
Metric	AER	CARR
Current Ratio (MRQ)	1.45	1.00
Debt / Equity (MRQ)	2.33	1.14
Net Debt / EBITDA	7.77	3.24

Dividends

Dividend Yield (TTM)

Carrier Global (CARR) at 1.80% delivers top-quartile income for its industry, while AerCap (AER) at 0.96% pays a more typical yield — both are credible income propositions, CARR the richer one.

AER

Capital Goods industry group

0.96%

Max: 2.66%
Q3: 1.14%
AER: 0.96%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

CARR

Capital Goods industry group

1.80%

Max: 2.66%
CARR: 1.80%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

AerCap (AER) vs. Carrier Global (CARR): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

AerCap (AER) at 7.52% pays out a band-typical share of earnings, while Carrier Global (CARR) at 67.39% distributes more than its industry norm — less retained, thinner cover.

AER

Capital Goods industry group

7.52%

Max: 67.39%
Q3: 28.02%
AER: 7.52%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

CARR

Capital Goods industry group

67.39%

CARR: 67.39%
Max: 67.39%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

AerCap (AER) vs. Carrier Global (CARR): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for AerCap (AER) and Carrier Global (CARR)
Metric	AER	CARR
Dividend Yield (TTM)	0.96%	1.80%
Dividend Payout Ratio (TTM)	7.52%	67.39%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: AerCap (AER) trades at 8.67 times trailing earnings, ranked against its peers, while Carrier Global (CARR) has no P/E ratio this period.

AER

Capital Goods industry group

8.67

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
AER: 8.67
Min: 3.03

CARR

Capital Goods industry group

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03
CARR: --

AerCap (AER) vs. Carrier Global (CARR): CARR does not report P/E ratio, so it has no value marker; AER is benchmarked against the Capital Goods industry group.

P/S Ratio (TTM)

On P/S ratio, both AerCap (AER) at 2.84 and Carrier Global (CARR) at 1.88 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

AER

Capital Goods industry group

2.84

Max: 7.54
Q3: 3.76
AER: 2.84
Median: 2.15
Q1: 1.03
Min: 0.03

CARR

Capital Goods industry group

1.88

Max: 7.54
Q3: 3.76
Median: 2.15
CARR: 1.88
Q1: 1.03
Min: 0.03

AerCap (AER) vs. Carrier Global (CARR): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

AerCap (AER) at 1.36 sits in the lower P/B ratio quartile against book while Carrier Global (CARR) at 4.27 is valued near its industry’s middle — AER is cheaper on assets, though weigh it against ROE and asset quality.

AER

Capital Goods industry group

1.36

Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
AER: 1.36
Min: -1.08

CARR

Capital Goods industry group

4.27

Max: 9.66
Q3: 5.00
CARR: 4.27
Median: 3.12
Q1: 1.81
Min: -1.08

AerCap (AER) vs. Carrier Global (CARR): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for AerCap (AER) and Carrier Global (CARR)
Metric	AER	CARR
P/E Ratio (TTM)	8.67	--
P/S Ratio (TTM)	2.84	1.88
P/B Ratio (MRQ)	1.36	4.27
Free Cash Flow Yield (TTM)	-6.60%	4.54%