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CARR vs. ETN: Carrier Global vs. Eaton Stock Comparison

How do Carrier Global (CARR) and Eaton (ETN) 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 Eaton (ETN) both fall under the Capital Goods industry group, but CARR is classified in Building Products while ETN is classified in Electrical Equipment.

Eaton (ETN) 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 Eaton (ETN)
Profile ItemCARRETN
NameCarrier Global Corp.Eaton Corporation plc
Country/RegionUnited StatesIreland
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryBuilding ProductsElectrical Equipment
GICS Sub-IndustryBuilding ProductsElectrical Components & Equipment
Market Capitalization42.86 billion USD132.76 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 19, 2020June 1, 1972
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CARR
ETN
GSPC
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Carrier Global (CARR) vs. Eaton (ETN), 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 Eaton (ETN). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Eaton (ETN)
MetricCARRETN
Total Return (1Y)-4.90%-2.33%
Total Return (3Y, Annualized)3.62%19.68%
Total Return (5Y, Annualized)1.11%17.50%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and Eaton (ETN)
MetricCARRETN
Volatility (1Y, Annualized)35.35%43.57%
Beta (5Y)1.321.14
Max Drawdown (5Y)-39.75%-34.46%
Avg. Volume (3M)6.08M2.32M

Risk-Adjusted Performance

Risk-Return Positioning

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CARR and ETN 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 Eaton (ETN)
MetricCARRETN
Sharpe Ratio (1Y)-0.26-0.15
Sortino Ratio (1Y)-0.36-0.21

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 Eaton (ETN) reports 19.55%, 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%

ETN

Capital Goods industry group

19.55%

Max
40.55%
ETN
19.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Carrier Global (CARR) vs. Eaton (ETN): 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 Eaton (ETN) reports 12.18%, 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%

ETN

Capital Goods industry group

12.18%

Max
27.47%
ETN
12.18%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Carrier Global (CARR) vs. Eaton (ETN): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Carrier Global (CARR) at 11.00% and Eaton (ETN) at 17.85% 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%

ETN

Capital Goods industry group

17.85%

Max
36.60%
Q3
18.33%
ETN
17.85%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Carrier Global (CARR) vs. Eaton (ETN): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Eaton (ETN)
MetricCARRETN
ROE (TTM)-13.44%19.55%
ROA (TTM)3.43%7.22%
Net Margin (TTM)-7.90%12.18%
Operating Margin (TTM)11.00%17.85%
Gross Margin (TTM)24.38%35.16%

Growth

Revenue Growth

Eaton (ETN) at 10.33% 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.

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

EPS Growth

Eaton (ETN) at 10.00% is around its peer norm for EPS growth, while Carrier Global (CARR) at -72.03% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Carrier Global (CARR) and Eaton (ETN)
MetricCARRETN
Revenue Growth (YoY)-3.29%10.33%
Revenue Growth (3Y CAGR)7.95%9.77%
EPS Growth (YoY)-72.03%10.00%
EPS Growth (3Y CAGR)-25.14%19.39%

Financial Strength

Current Ratio (MRQ)

Both Carrier Global (CARR) at 1.00 and Eaton (ETN) at 1.23 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

ETN

Capital Goods industry group

1.23

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
ETN
1.23
Min
0.36
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Carrier Global (CARR) vs. Eaton (ETN): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Eaton (ETN) at 1.00 carries an industry-typical debt-to-equity mix, while Carrier Global (CARR) at 1.14 uses more debt funding than most peers.

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

ETN

Capital Goods industry group

1.00

Max
2.33
Q3
1.12
ETN
1.00
Median
0.60
Q1
0.29
Min
0.00
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Carrier Global (CARR) vs. Eaton (ETN): 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 Eaton (ETN)
MetricCARRETN
Current Ratio (MRQ)1.001.23
Debt / Equity (MRQ)1.141.00
Net Debt / EBITDA3.242.85

Dividends

Dividend Yield (TTM)

Both Carrier Global (CARR) at 1.80% and Eaton (ETN) at 1.33% offer top-quartile dividend income relative to share price within their industries.

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%

ETN

Capital Goods industry group

1.33%

Max
2.66%
ETN
1.33%
Q3
1.14%
Median
0.24%
Q1
0.00%
Min
0.00%
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Carrier Global (CARR) vs. Eaton (ETN): 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 Eaton (ETN) at 43.36% 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%

ETN

Capital Goods industry group

43.36%

Max
67.39%
ETN
43.36%
Q3
28.02%
Median
6.86%
Q1
0.00%
Min
0.00%
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Carrier Global (CARR) vs. Eaton (ETN): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Eaton (ETN)
MetricCARRETN
Dividend Yield (TTM)1.80%1.33%
Dividend Payout Ratio (TTM)67.39%43.36%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Eaton (ETN) trades at 34.14 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
--

ETN

Capital Goods industry group

34.14

Max
59.38
Q3
35.92
ETN
34.14
Median
25.41
Q1
19.47
Min
3.03
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Carrier Global (CARR) vs. Eaton (ETN): CARR does not report P/E ratio, so it has no value marker; ETN 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 Eaton (ETN) at 4.15 sits in the pricier quartile — ETN 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

ETN

Capital Goods industry group

4.15

Max
7.54
ETN
4.15
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Carrier Global (CARR) vs. Eaton (ETN): 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 Eaton (ETN) at 6.33 carries an above-peer premium to book — ETN 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

ETN

Capital Goods industry group

6.33

Max
9.66
ETN
6.33
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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Carrier Global (CARR) vs. Eaton (ETN): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Eaton (ETN)
MetricCARRETN
P/E Ratio (TTM)--34.14
P/S Ratio (TTM)1.884.15
P/B Ratio (MRQ)4.276.33
Free Cash Flow Yield (TTM)4.54%2.29%