CARR vs. CNH: Carrier Global vs. CNH Industrial Stock Comparison

November 11, 2026

How do Carrier Global (CARR) and CNH Industrial (CNH) 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

Carrier Global (CARR) and CNH Industrial (CNH) both fall under the Capital Goods industry group, but CARR is classified in Building Products while CNH is classified in Machinery.

Company profile comparison for Carrier Global (CARR) and CNH Industrial (CNH)
Profile Item	CARR	CNH
Name	Carrier Global Corp.	CNH Industrial N.V.
Country/Region	United States	United Kingdom
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Machinery
GICS Sub-Industry	Building Products	Agricultural & Farm Machinery
Market Capitalization	42.86 billion USD	18.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 19, 2020	September 30, 2013
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

CNH

GSPC

Carrier Global (CARR) vs. CNH Industrial (CNH), 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 Carrier Global (CARR) and CNH Industrial (CNH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and CNH Industrial (CNH)
Metric	CARR	CNH
Total Return (1Y)	-4.90%	38.02%
Total Return (3Y, Annualized)	3.62%	11.70%
Total Return (5Y, Annualized)	1.11%	-0.45%

Risk Profile

Drawdown History

CARR

CNH

GSPC

Carrier Global (CARR) vs. CNH Industrial (CNH), 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 Carrier Global (CARR) and CNH Industrial (CNH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and CNH Industrial (CNH)
Metric	CARR	CNH
Volatility (1Y, Annualized)	35.35%	45.52%
Beta (5Y)	1.32	1.19
Max Drawdown (5Y)	-39.75%	-43.80%
Avg. Volume (3M)	6.08M	18.71M

Risk-Adjusted Performance

Risk-Return Positioning

CARR and CNH 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 Carrier Global (CARR) and CNH Industrial (CNH)
Metric	CARR	CNH
Sharpe Ratio (1Y)	-0.26	0.74
Sortino Ratio (1Y)	-0.36	1.25

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 CNH Industrial (CNH) reports 3.91%, ranking against industry peers normally.

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%

CNH

Capital Goods industry group

3.91%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
CNH: 3.91%
Min: -17.12%

Carrier Global (CARR) vs. CNH Industrial (CNH): 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 CNH Industrial (CNH) reports 1.71%, ranking against industry peers normally.

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%

CNH

Capital Goods industry group

1.71%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
CNH: 1.71%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Carrier Global (CARR) at 11.00% and CNH Industrial (CNH) at 5.54% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

CNH

Capital Goods industry group

5.54%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
CNH: 5.54%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and CNH Industrial (CNH)
Metric	CARR	CNH
ROE (TTM)	-13.44%	3.91%
ROA (TTM)	3.43%	0.87%
Net Margin (TTM)	-7.90%	1.71%
Operating Margin (TTM)	11.00%	5.54%
Gross Margin (TTM)	24.38%	17.76%

Growth

Revenue Growth

Both Carrier Global (CARR) at -3.29% and CNH Industrial (CNH) at -8.78% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

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

EPS Growth

Both Carrier Global (CARR) at -72.03% and CNH Industrial (CNH) at -58.59% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

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

Growth Metrics

Growth metrics for Carrier Global (CARR) and CNH Industrial (CNH)
Metric	CARR	CNH
Revenue Growth (YoY)	-3.29%	-8.78%
Revenue Growth (3Y CAGR)	7.95%	-8.41%
EPS Growth (YoY)	-72.03%	-58.59%
EPS Growth (3Y CAGR)	-25.14%	-34.96%

Financial Strength

Current Ratio (MRQ)

CNH Industrial (CNH) at 4.88 carries current ratio above its industry’s typical mid-range, while Carrier Global (CARR) at 1.00 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

CNH

Capital Goods industry group

4.88

Max: 5.22
CNH: 4.88
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but CNH is more stretched: Carrier Global (CARR) at 1.14 sits in the higher-leverage quartile and CNH Industrial (CNH) at 3.35 is above its industry benchmark range.

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

CNH

Capital Goods industry group

3.35

CNH: 3.35
Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Carrier Global (CARR) and CNH Industrial (CNH)
Metric	CARR	CNH
Current Ratio (MRQ)	1.00	4.88
Debt / Equity (MRQ)	1.14	3.35
Net Debt / EBITDA	3.24	23.62

Dividends

Dividend Yield (TTM)

Carrier Global (CARR) at 1.80% delivers top-quartile income for its industry, while CNH Industrial (CNH) at 0.89% pays a more typical yield — both are credible income propositions, CARR the richer one.

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%

CNH

Capital Goods industry group

0.89%

Max: 2.66%
Q3: 1.14%
CNH: 0.89%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Carrier Global (CARR) at 67.39% and CNH Industrial (CNH) at 40.00% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

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%

CNH

Capital Goods industry group

40.00%

Max: 67.39%
CNH: 40.00%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and CNH Industrial (CNH)
Metric	CARR	CNH
Dividend Yield (TTM)	1.80%	0.89%
Dividend Payout Ratio (TTM)	67.39%	40.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: CNH Industrial (CNH) trades at 46.24 times trailing earnings, ranked against its peers, while Carrier Global (CARR) has no P/E ratio this period.

CARR

Capital Goods industry group

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

CNH

Capital Goods industry group

46.24

Max: 59.38
CNH: 46.24
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

CNH Industrial (CNH) at 1.02 sits in the cheaper P/S ratio quartile while Carrier Global (CARR) at 1.88 prices around its industry’s middle — CNH costs less per dollar of sales, though read it alongside growth and margins.

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

CNH

Capital Goods industry group

1.02

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
CNH: 1.02
Min: 0.03

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

P/B Ratio (MRQ)

On P/B ratio, both Carrier Global (CARR) at 4.27 and CNH Industrial (CNH) at 1.84 are valued close to their industries’ norm against book — neither stands out from peers.

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

CNH

Capital Goods industry group

1.84

Max: 9.66
Q3: 5.00
Median: 3.12
CNH: 1.84
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and CNH Industrial (CNH)
Metric	CARR	CNH
P/E Ratio (TTM)	--	46.24
P/S Ratio (TTM)	1.88	1.02
P/B Ratio (MRQ)	4.27	1.84
Free Cash Flow Yield (TTM)	4.54%	3.03%