CARR vs. FER: Carrier Global vs. Ferrovial Stock Comparison

November 11, 2026

How do Carrier Global (CARR) and Ferrovial (FER) 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 Ferrovial (FER) both fall under the Capital Goods industry group, but CARR is classified in Building Products while FER is classified in Construction & Engineering.

Company profile comparison for Carrier Global (CARR) and Ferrovial (FER)
Profile Item	CARR	FER
Name	Carrier Global Corp.	Ferrovial N.V.
Country/Region	United States	Netherlands
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Construction & Engineering
GICS Sub-Industry	Building Products	Construction & Engineering
Market Capitalization	42.86 billion USD	42.19 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 19, 2020	August 13, 2012
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

FER

GSPC

Carrier Global (CARR) vs. Ferrovial (FER), 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 Ferrovial (FER). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Ferrovial (FER)
Metric	CARR	FER
Total Return (1Y)	-4.90%	-1.10%
Total Return (3Y, Annualized)	3.62%	26.01%
Total Return (5Y, Annualized)	1.11%	17.20%

Risk Profile

Drawdown History

CARR

FER

GSPC

Carrier Global (CARR) vs. Ferrovial (FER), 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 Ferrovial (FER). 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 Ferrovial (FER) is defensive at 0.36 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Carrier Global (CARR) and Ferrovial (FER)
Metric	CARR	FER
Volatility (1Y, Annualized)	35.35%	27.38%
Beta (5Y)	1.32	0.36
Max Drawdown (5Y)	-39.75%	-33.67%
Avg. Volume (3M)	6.08M	1.95M

Risk-Adjusted Performance

Risk-Return Positioning

CARR and FER 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 Ferrovial (FER)
Metric	CARR	FER
Sharpe Ratio (1Y)	-0.26	-0.20
Sortino Ratio (1Y)	-0.36	-0.30

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 Ferrovial (FER) reports 11.62%, 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%

FER

Capital Goods industry group

11.62%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
FER: 11.62%
Q1: 4.08%
Min: -17.12%

Carrier Global (CARR) vs. Ferrovial (FER): 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 Ferrovial (FER) reports 6.15%, 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%

FER

Capital Goods industry group

6.15%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
FER: 6.15%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Carrier Global (CARR) at 11.00% and Ferrovial (FER) at 10.45% 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%

FER

Capital Goods industry group

10.45%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
FER: 10.45%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Ferrovial (FER)
Metric	CARR	FER
ROE (TTM)	-13.44%	11.62%
ROA (TTM)	3.43%	2.62%
Net Margin (TTM)	-7.90%	6.15%
Operating Margin (TTM)	11.00%	10.45%
Gross Margin (TTM)	24.38%	87.14%

Growth

Revenue Growth

Ferrovial (FER) at 5.24% 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. Ferrovial (FER): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Carrier Global (CARR) at -72.03% and Ferrovial (FER) at -72.26% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

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

Growth Metrics

Growth metrics for Carrier Global (CARR) and Ferrovial (FER)
Metric	CARR	FER
Revenue Growth (YoY)	-3.29%	5.24%
Revenue Growth (3Y CAGR)	7.95%	8.43%
EPS Growth (YoY)	-72.03%	-72.26%
EPS Growth (3Y CAGR)	-25.14%	70.54%

Financial Strength

Current Ratio (MRQ)

Both Carrier Global (CARR) at 1.00 and Ferrovial (FER) at 1.20 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

FER

Capital Goods industry group

1.20

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
FER: 1.20
Min: 0.36

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

Debt / Equity (MRQ)

Both Carrier Global (CARR) at 1.14 and Ferrovial (FER) at 1.44 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

FER

Capital Goods industry group

1.44

Max: 2.33
FER: 1.44
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Carrier Global (CARR) vs. Ferrovial (FER): 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 Ferrovial (FER)
Metric	CARR	FER
Current Ratio (MRQ)	1.00	1.20
Debt / Equity (MRQ)	1.14	1.44
Net Debt / EBITDA	3.24	4.39

Dividends

Dividend Yield (TTM)

Carrier Global (CARR) at 1.80% delivers top-quartile income for its industry, while Ferrovial (FER) at 0.94% 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%

FER

Capital Goods industry group

0.94%

Max: 2.66%
Q3: 1.14%
FER: 0.94%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both pay out more than their industries’ typical bands, and FER more so: Carrier Global (CARR) at 67.39% sits above the band, while Ferrovial (FER) at 71.24% exceeds every peer in its group.

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%

FER

Capital Goods industry group

71.24%

FER: 71.24%
Max: 67.39%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Ferrovial (FER)
Metric	CARR	FER
Dividend Yield (TTM)	1.80%	0.94%
Dividend Payout Ratio (TTM)	67.39%	71.24%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Ferrovial (FER) trades at 32.26 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: --

FER

Capital Goods industry group

32.26

Max: 59.38
Q3: 35.92
FER: 32.26
Median: 25.41
Q1: 19.47
Min: 3.03

Carrier Global (CARR) vs. Ferrovial (FER): CARR does not report P/E ratio, so it has no value marker; FER 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 Ferrovial (FER) at 4.28 sits in the pricier quartile — FER 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

FER

Capital Goods industry group

4.28

Max: 7.54
FER: 4.28
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Carrier Global (CARR) vs. Ferrovial (FER): 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 Ferrovial (FER) at 6.59 carries an above-peer premium to book — FER 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

FER

Capital Goods industry group

6.59

Max: 9.66
FER: 6.59
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Ferrovial (FER)
Metric	CARR	FER
P/E Ratio (TTM)	--	32.26
P/S Ratio (TTM)	1.88	4.28
P/B Ratio (MRQ)	4.27	6.59
Free Cash Flow Yield (TTM)	4.54%	2.11%