Seek Returns

CARR vs. HEI: Carrier Global vs. HEICO Stock Comparison

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

HEICO (HEI) has more than two decades of public-market history since March 17, 1980, 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 HEICO (HEI)
Profile ItemCARRHEI
NameCarrier Global Corp.HEICO Corporation
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryBuilding ProductsAerospace & Defense
GICS Sub-IndustryBuilding ProductsAerospace & Defense
Market Capitalization42.86 billion USD46.49 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 19, 2020March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CARR
HEI
GSPC
Loading price history…
Carrier Global (CARR) vs. HEICO (HEI), 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

Loading price history…
Trailing total returns for Carrier Global (CARR) and HEICO (HEI). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Carrier Global (CARR) and HEICO (HEI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Carrier Global (CARR) and HEICO (HEI)
MetricCARRHEI
Total Return (1Y)-4.90%6.50%
Total Return (3Y, Annualized)3.62%28.48%
Total Return (5Y, Annualized)1.11%18.19%

Risk Profile

Drawdown History

CARR
HEI
GSPC
Loading price history…
Carrier Global (CARR) vs. HEICO (HEI), 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

Loading price history…
Distribution of monthly total returns for Carrier Global (CARR) and HEICO (HEI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and HEICO (HEI)
MetricCARRHEI
Volatility (1Y, Annualized)35.35%33.37%
Beta (5Y)1.321.06
Max Drawdown (5Y)-39.75%-27.11%
Avg. Volume (3M)6.08M480.74K

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
CARR and HEI 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 HEICO (HEI)
MetricCARRHEI
Sharpe Ratio (1Y)-0.260.07
Sortino Ratio (1Y)-0.360.10

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 HEICO (HEI) reports 17.73%, 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%

HEI

Capital Goods industry group

17.73%

Max
40.55%
Q3
19.29%
HEI
17.73%
Median
12.12%
Q1
4.08%
Min
-17.12%
Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): 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 HEICO (HEI) reports 16.38%, 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%

HEI

Capital Goods industry group

16.38%

Max
27.47%
HEI
16.38%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

HEICO (HEI) at 25.14% operates in the top operating margin quartile, ahead of Carrier Global (CARR) at 11.00%, which runs around its industry’s norm.

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%

HEI

Capital Goods industry group

25.14%

Max
36.60%
HEI
25.14%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and HEICO (HEI)
MetricCARRHEI
ROE (TTM)-13.44%17.73%
ROA (TTM)3.43%8.50%
Net Margin (TTM)-7.90%16.38%
Operating Margin (TTM)11.00%25.14%
Gross Margin (TTM)24.38%40.40%

Growth

Revenue Growth

HEICO (HEI) at 16.26% 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.

Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): A comparison of their Revenue Growth across different time periods.

EPS Growth

HEICO (HEI) at 33.52% 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.

Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carrier Global (CARR) and HEICO (HEI)
MetricCARRHEI
Revenue Growth (YoY)-3.29%16.26%
Revenue Growth (3Y CAGR)7.95%26.64%
EPS Growth (YoY)-72.03%33.52%
EPS Growth (3Y CAGR)-25.14%24.32%

Financial Strength

Current Ratio (MRQ)

HEICO (HEI) at 2.72 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

HEI

Capital Goods industry group

2.72

Max
5.22
Q3
2.95
HEI
2.72
Median
2.08
Q1
1.43
Min
0.36
Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

HEICO (HEI) at 0.45 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

HEI

Capital Goods industry group

0.45

Max
2.33
Q3
1.12
Median
0.60
HEI
0.45
Q1
0.29
Min
0.00
Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): 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 HEICO (HEI)
MetricCARRHEI
Current Ratio (MRQ)1.002.72
Debt / Equity (MRQ)1.140.45
Net Debt / EBITDA3.241.56

Dividends

Dividend Yield (TTM)

Carrier Global (CARR) at 1.80% delivers top-quartile income for its industry, while HEICO (HEI) at 0.08% 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%

HEI

Capital Goods industry group

0.08%

Max
2.66%
Q3
1.14%
Median
0.24%
HEI
0.08%
Q1
0.00%
Min
0.00%
Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

HEICO (HEI) at 4.17% 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%

HEI

Capital Goods industry group

4.17%

Max
67.39%
Q3
28.02%
Median
6.86%
HEI
4.17%
Q1
0.00%
Min
0.00%
Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and HEICO (HEI)
MetricCARRHEI
Dividend Yield (TTM)1.80%0.08%
Dividend Payout Ratio (TTM)67.39%4.17%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: HEICO (HEI) trades at 55.44 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
--

HEI

Capital Goods industry group

55.44

Max
59.38
HEI
55.44
Q3
35.92
Median
25.41
Q1
19.47
Min
3.03
Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): CARR does not report P/E ratio, so it has no value marker; HEI is benchmarked against the Capital Goods industry group.

P/S Ratio (TTM)

Carrier Global (CARR) at 1.88 prices around its industry’s typical P/S ratio, while HEICO (HEI) at 8.98 clears its benchmark range — HEI looks notably rich on 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

HEI

Capital Goods industry group

8.98

HEI
8.98
Max
7.54
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): 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 HEICO (HEI) at 9.40 carries an above-peer premium to book — HEI 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

HEI

Capital Goods industry group

9.40

Max
9.66
HEI
9.40
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
Loading chart…
Carrier Global (CARR) vs. HEICO (HEI): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and HEICO (HEI)
MetricCARRHEI
P/E Ratio (TTM)--55.44
P/S Ratio (TTM)1.888.98
P/B Ratio (MRQ)4.279.40
Free Cash Flow Yield (TTM)4.54%1.82%