CARR vs. ESLT: Carrier Global vs. Elbit Systems Stock Comparison

November 11, 2026

How do Carrier Global (CARR) and Elbit Systems (ESLT) 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 Elbit Systems (ESLT) both fall under the Capital Goods industry group, but CARR is classified in Building Products while ESLT is classified in Aerospace & Defense.

Elbit Systems (ESLT) has more than two decades of public-market history since November 27, 1996, 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 Elbit Systems (ESLT)
Profile Item	CARR	ESLT
Name	Carrier Global Corp.	Elbit Systems Ltd.
Country/Region	United States	Israel
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Aerospace & Defense
GICS Sub-Industry	Building Products	Aerospace & Defense
Market Capitalization	42.86 billion USD	32.00 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 19, 2020	November 27, 1996
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

ESLT

GSPC

Carrier Global (CARR) vs. Elbit Systems (ESLT), 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 Elbit Systems (ESLT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Elbit Systems (ESLT)
Metric	CARR	ESLT
Total Return (1Y)	-4.90%	55.34%
Total Return (3Y, Annualized)	3.62%	57.29%
Total Return (5Y, Annualized)	1.11%	37.24%

Risk Profile

Drawdown History

CARR

ESLT

GSPC

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

Risk Metrics

Carrier Global (CARR) has an aggressive beta of 1.32, indicating higher sensitivity to broad-market moves, while Elbit Systems (ESLT) is defensive at 0.10 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Carrier Global (CARR) trades around 6.08M shares per day on average, while Elbit Systems (ESLT) sees only 88.09K — a volume gap that can matter for position sizing, exit liquidity, and order execution.

Risk profile metrics for Carrier Global (CARR) and Elbit Systems (ESLT)
Metric	CARR	ESLT
Volatility (1Y, Annualized)	35.35%	47.34%
Beta (5Y)	1.32	0.10
Max Drawdown (5Y)	-39.75%	-35.54%
Avg. Volume (3M)	6.08M	88.09K

Risk-Adjusted Performance

Risk-Return Positioning

CARR and ESLT 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 Elbit Systems (ESLT)
Metric	CARR	ESLT
Sharpe Ratio (1Y)	-0.26	1.08
Sortino Ratio (1Y)	-0.36	1.76

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 Elbit Systems (ESLT) reports 15.24%, 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%

ESLT

Capital Goods industry group

15.24%

Max: 40.55%
Q3: 19.29%
ESLT: 15.24%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Carrier Global (CARR) vs. Elbit Systems (ESLT): 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 Elbit Systems (ESLT) reports 7.44%, 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%

ESLT

Capital Goods industry group

7.44%

Max: 27.47%
Q3: 12.10%
ESLT: 7.44%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Carrier Global (CARR) at 11.00% and Elbit Systems (ESLT) at 9.57% 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%

ESLT

Capital Goods industry group

9.57%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
ESLT: 9.57%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Elbit Systems (ESLT)
Metric	CARR	ESLT
ROE (TTM)	-13.44%	15.24%
ROA (TTM)	3.43%	3.87%
Net Margin (TTM)	-7.90%	7.44%
Operating Margin (TTM)	11.00%	9.57%
Gross Margin (TTM)	24.38%	25.03%

Growth

Revenue Growth

Elbit Systems (ESLT) at 16.27% 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.

Carrier Global (CARR) vs. Elbit Systems (ESLT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Elbit Systems (ESLT) at 58.64% 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.

Carrier Global (CARR) vs. Elbit Systems (ESLT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carrier Global (CARR) and Elbit Systems (ESLT)
Metric	CARR	ESLT
Revenue Growth (YoY)	-3.29%	16.27%
Revenue Growth (3Y CAGR)	7.95%	12.93%
EPS Growth (YoY)	-72.03%	58.64%
EPS Growth (3Y CAGR)	-25.14%	22.61%

Financial Strength

Current Ratio (MRQ)

Both Carrier Global (CARR) at 1.00 and Elbit Systems (ESLT) at 1.40 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

ESLT

Capital Goods industry group

1.40

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
ESLT: 1.40
Min: 0.36

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

Debt / Equity (MRQ)

Elbit Systems (ESLT) at 0.19 keeps leverage in the lower quartile, while Carrier Global (CARR) at 1.14 sits in the higher-leverage quartile.

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

ESLT

Capital Goods industry group

0.19

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
ESLT: 0.19
Min: 0.00

Carrier Global (CARR) vs. Elbit Systems (ESLT): 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 Elbit Systems (ESLT)
Metric	CARR	ESLT
Current Ratio (MRQ)	1.00	1.40
Debt / Equity (MRQ)	1.14	0.19
Net Debt / EBITDA	3.24	-0.11

Dividends

Dividend Yield (TTM)

Carrier Global (CARR) at 1.80% delivers top-quartile income for its industry, while Elbit Systems (ESLT) at 0.58% 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%

ESLT

Capital Goods industry group

0.58%

Max: 2.66%
Q3: 1.14%
ESLT: 0.58%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Elbit Systems (ESLT) at 23.33% 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.

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%

ESLT

Capital Goods industry group

23.33%

Max: 67.39%
Q3: 28.02%
ESLT: 23.33%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Elbit Systems (ESLT)
Metric	CARR	ESLT
Dividend Yield (TTM)	1.80%	0.58%
Dividend Payout Ratio (TTM)	67.39%	23.33%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Elbit Systems (ESLT) trades at 51.36 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: --

ESLT

Capital Goods industry group

51.36

Max: 59.38
ESLT: 51.36
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

On P/S ratio, both Carrier Global (CARR) at 1.88 and Elbit Systems (ESLT) at 3.74 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

ESLT

Capital Goods industry group

3.74

Max: 7.54
Q3: 3.76
ESLT: 3.74
Median: 2.15
Q1: 1.03
Min: 0.03

Carrier Global (CARR) vs. Elbit Systems (ESLT): 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 Elbit Systems (ESLT) at 7.24 carries an above-peer premium to book — ESLT 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

ESLT

Capital Goods industry group

7.24

Max: 9.66
ESLT: 7.24
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Elbit Systems (ESLT)
Metric	CARR	ESLT
P/E Ratio (TTM)	--	51.36
P/S Ratio (TTM)	1.88	3.74
P/B Ratio (MRQ)	4.27	7.24
Free Cash Flow Yield (TTM)	4.54%	-0.12%