CARR vs. IR: Carrier Global vs. Ingersoll Rand Stock Comparison

November 11, 2026

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

Company profile comparison for Carrier Global (CARR) and Ingersoll Rand (IR)
Profile Item	CARR	IR
Name	Carrier Global Corp.	Ingersoll Rand Inc.
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	Industrial Machinery & Supplies & Components
Market Capitalization	42.86 billion USD	31.87 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 19, 2020	May 12, 2017
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

GSPC

Carrier Global (CARR) vs. Ingersoll Rand (IR), 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 Ingersoll Rand (IR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Ingersoll Rand (IR)
Metric	CARR	IR
Total Return (1Y)	-4.90%	12.39%
Total Return (3Y, Annualized)	3.62%	9.19%
Total Return (5Y, Annualized)	1.11%	8.02%

Risk Profile

Drawdown History

CARR

GSPC

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

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and Ingersoll Rand (IR)
Metric	CARR	IR
Volatility (1Y, Annualized)	35.35%	34.08%
Beta (5Y)	1.32	1.12
Max Drawdown (5Y)	-39.75%	-36.62%
Avg. Volume (3M)	6.08M	4.27M

Risk-Adjusted Performance

Risk-Return Positioning

CARR and IR 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 Ingersoll Rand (IR)
Metric	CARR	IR
Sharpe Ratio (1Y)	-0.26	0.24
Sortino Ratio (1Y)	-0.36	0.37

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 Ingersoll Rand (IR) reports 13.41%, 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%

IR

Capital Goods industry group

13.41%

Max: 40.55%
Q3: 19.29%
IR: 13.41%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Carrier Global (CARR) vs. Ingersoll Rand (IR): 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 Ingersoll Rand (IR) reports 17.20%, 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%

IR

Capital Goods industry group

17.20%

Max: 27.47%
IR: 17.20%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Ingersoll Rand (IR) at 18.79% 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%

IR

Capital Goods industry group

18.79%

Max: 36.60%
IR: 18.79%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Ingersoll Rand (IR)
Metric	CARR	IR
ROE (TTM)	-13.44%	13.41%
ROA (TTM)	3.43%	4.98%
Net Margin (TTM)	-7.90%	17.20%
Operating Margin (TTM)	11.00%	18.79%
Gross Margin (TTM)	24.38%	42.57%

Growth

Revenue Growth

Ingersoll Rand (IR) at 5.75% 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. Ingersoll Rand (IR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Carrier Global (CARR) at -72.03% and Ingersoll Rand (IR) at -29.61% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

Carrier Global (CARR) vs. Ingersoll Rand (IR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carrier Global (CARR) and Ingersoll Rand (IR)
Metric	CARR	IR
Revenue Growth (YoY)	-3.29%	5.75%
Revenue Growth (3Y CAGR)	7.95%	8.95%
EPS Growth (YoY)	-72.03%	-29.61%
EPS Growth (3Y CAGR)	-25.14%	-0.46%

Financial Strength

Current Ratio (MRQ)

Ingersoll Rand (IR) at 1.69 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

IR

Capital Goods industry group

1.69

Max: 5.22
Q3: 2.95
Median: 2.08
IR: 1.69
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Ingersoll Rand (IR) at 0.46 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

IR

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
IR: 0.46
Q1: 0.29
Min: 0.00

Carrier Global (CARR) vs. Ingersoll Rand (IR): 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 Ingersoll Rand (IR)
Metric	CARR	IR
Current Ratio (MRQ)	1.00	1.69
Debt / Equity (MRQ)	1.14	0.46
Net Debt / EBITDA	3.24	1.76

Dividends

Dividend Yield (TTM)

Carrier Global (CARR) at 1.80% delivers top-quartile income for its industry, while Ingersoll Rand (IR) at 0.10% 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%

IR

Capital Goods industry group

0.10%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
IR: 0.10%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Ingersoll Rand (IR) at 2.27% 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%

IR

Capital Goods industry group

2.27%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
IR: 2.27%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Ingersoll Rand (IR)
Metric	CARR	IR
Dividend Yield (TTM)	1.80%	0.10%
Dividend Payout Ratio (TTM)	67.39%	2.27%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Ingersoll Rand (IR) trades at 23.51 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: --

IR

Capital Goods industry group

23.51

Max: 59.38
Q3: 35.92
Median: 25.41
IR: 23.51
Q1: 19.47
Min: 3.03

Carrier Global (CARR) vs. Ingersoll Rand (IR): CARR does not report P/E ratio, so it has no value marker; IR 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 Ingersoll Rand (IR) at 3.96 sits in the pricier quartile — IR 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

IR

Capital Goods industry group

3.96

Max: 7.54
IR: 3.96
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

On P/B ratio, both Carrier Global (CARR) at 4.27 and Ingersoll Rand (IR) at 3.03 are valued close to their industries’ norm against book — neither stands out from peers.

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

IR

Capital Goods industry group

3.03

Max: 9.66
Q3: 5.00
Median: 3.12
IR: 3.03
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Ingersoll Rand (IR)
Metric	CARR	IR
P/E Ratio (TTM)	--	23.51
P/S Ratio (TTM)	1.88	3.96
P/B Ratio (MRQ)	4.27	3.03
Free Cash Flow Yield (TTM)	4.54%	3.19%