CARR vs. DE: Carrier Global vs. Deere Stock Comparison

November 11, 2026

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

Deere (DE) has more than two decades of public-market history since June 1, 1972, whereas Carrier Global (CARR) listed on March 19, 2020 and has a much shorter record to draw on.

Company profile comparison for Carrier Global (CARR) and Deere (DE)
Profile Item	CARR	DE
Name	Carrier Global Corp.	Deere & Company
Country/Region	United States	United States
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	181.09 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 19, 2020	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

GSPC

Carrier Global (CARR) vs. Deere (DE), 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 Deere (DE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Deere (DE)
Metric	CARR	DE
Total Return (1Y)	-4.90%	49.27%
Total Return (3Y, Annualized)	3.62%	24.81%
Total Return (5Y, Annualized)	1.11%	15.67%

Risk Profile

Drawdown History

CARR

GSPC

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

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and Deere (DE)
Metric	CARR	DE
Volatility (1Y, Annualized)	35.35%	33.18%
Beta (5Y)	1.32	0.88
Max Drawdown (5Y)	-39.75%	-33.81%
Avg. Volume (3M)	6.08M	1.23M

Risk-Adjusted Performance

Risk-Return Positioning

CARR and DE 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 Deere (DE)
Metric	CARR	DE
Sharpe Ratio (1Y)	-0.26	1.36
Sortino Ratio (1Y)	-0.36	2.26

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 Deere (DE) reports 18.24%, 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%

DE

Capital Goods industry group

18.24%

Max: 40.55%
Q3: 19.29%
DE: 18.24%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Carrier Global (CARR) vs. Deere (DE): 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 Deere (DE) reports 10.17%, 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%

DE

Capital Goods industry group

10.17%

Max: 27.47%
Q3: 12.10%
DE: 10.17%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Carrier Global (CARR) at 11.00% and Deere (DE) at 13.37% 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%

DE

Capital Goods industry group

13.37%

Max: 36.60%
Q3: 18.33%
DE: 13.37%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Deere (DE)
Metric	CARR	DE
ROE (TTM)	-13.44%	18.24%
ROA (TTM)	3.43%	3.76%
Net Margin (TTM)	-7.90%	10.17%
Operating Margin (TTM)	11.00%	13.37%
Gross Margin (TTM)	24.38%	25.18%

Growth

Revenue Growth

Both Carrier Global (CARR) at -3.29% and Deere (DE) at -11.59% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

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

EPS Growth

Both Carrier Global (CARR) at -72.03% and Deere (DE) at -27.79% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

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

Growth Metrics

Growth metrics for Carrier Global (CARR) and Deere (DE)
Metric	CARR	DE
Revenue Growth (YoY)	-3.29%	-11.59%
Revenue Growth (3Y CAGR)	7.95%	-4.50%
EPS Growth (YoY)	-72.03%	-27.79%
EPS Growth (3Y CAGR)	-25.14%	-7.37%

Financial Strength

Current Ratio (MRQ)

Deere (DE) at 2.13 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.

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

DE

Capital Goods industry group

2.13

Max: 5.22
Q3: 2.95
DE: 2.13
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Carrier Global (CARR) at 1.14 and Deere (DE) at 2.30 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

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

DE

Capital Goods industry group

2.30

Max: 2.33
DE: 2.30
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Carrier Global (CARR) vs. Deere (DE): 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 Deere (DE)
Metric	CARR	DE
Current Ratio (MRQ)	1.00	2.13
Debt / Equity (MRQ)	1.14	2.30
Net Debt / EBITDA	3.24	6.70

Dividends

Dividend Yield (TTM)

Carrier Global (CARR) at 1.80% delivers top-quartile income for its industry, while Deere (DE) at 0.98% 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%

DE

Capital Goods industry group

0.98%

Max: 2.66%
Q3: 1.14%
DE: 0.98%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Carrier Global (CARR) vs. Deere (DE): 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 Deere (DE) at 36.02% 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%

DE

Capital Goods industry group

36.02%

Max: 67.39%
DE: 36.02%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Deere (DE)
Metric	CARR	DE
Dividend Yield (TTM)	1.80%	0.98%
Dividend Payout Ratio (TTM)	67.39%	36.02%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Deere (DE) trades at 37.33 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: --

DE

Capital Goods industry group

37.33

Max: 59.38
DE: 37.33
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

Carrier Global (CARR) at 1.88 is priced about in line with its industry on P/S ratio, while Deere (DE) at 3.78 sits in the pricier quartile — DE costs more per dollar of sales.

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

DE

Capital Goods industry group

3.78

Max: 7.54
DE: 3.78
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

Carrier Global (CARR) at 4.27 is valued about in line with its industry on P/B ratio, while Deere (DE) at 6.47 carries an above-peer premium to book — DE is pricier on assets.

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

DE

Capital Goods industry group

6.47

Max: 9.66
DE: 6.47
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Deere (DE)
Metric	CARR	DE
P/E Ratio (TTM)	--	37.33
P/S Ratio (TTM)	1.88	3.78
P/B Ratio (MRQ)	4.27	6.47
Free Cash Flow Yield (TTM)	4.54%	2.49%