CARR vs. JCI: Carrier Global vs. Johnson Controls Stock Comparison

November 11, 2026

How do Carrier Global (CARR) and Johnson Controls (JCI) 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 Johnson Controls (JCI) are both classified in the Building Products sub-industry within the broader Building Products industry, placing them in the closest GICS peer bucket.

Johnson Controls (JCI) has more than two decades of public-market history since September 28, 1987, 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 Johnson Controls (JCI)
Profile Item	CARR	JCI
Name	Carrier Global Corp.	Johnson Controls International plc
Country/Region	United States	Ireland
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Building Products
GICS Sub-Industry	Building Products	Building Products
Market Capitalization	42.86 billion USD	81.79 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 19, 2020	September 28, 1987
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

JCI

GSPC

Carrier Global (CARR) vs. Johnson Controls (JCI), 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 Johnson Controls (JCI). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Johnson Controls (JCI)
Metric	CARR	JCI
Total Return (1Y)	-4.90%	17.11%
Total Return (3Y, Annualized)	3.62%	43.46%
Total Return (5Y, Annualized)	1.11%	15.29%

Risk Profile

Drawdown History

CARR

JCI

GSPC

Carrier Global (CARR) vs. Johnson Controls (JCI), 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 Johnson Controls (JCI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and Johnson Controls (JCI)
Metric	CARR	JCI
Volatility (1Y, Annualized)	35.35%	32.91%
Beta (5Y)	1.32	1.29
Max Drawdown (5Y)	-39.75%	-42.32%
Avg. Volume (3M)	6.08M	3.57M

Risk-Adjusted Performance

Risk-Return Positioning

CARR and JCI 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 Johnson Controls (JCI)
Metric	CARR	JCI
Sharpe Ratio (1Y)	-0.26	0.39
Sortino Ratio (1Y)	-0.36	0.54

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 Johnson Controls (JCI) reports 21.73%, 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%

JCI

Capital Goods industry group

21.73%

Max: 40.55%
JCI: 21.73%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Carrier Global (CARR) vs. Johnson Controls (JCI): 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 Johnson Controls (JCI) reports 11.12%, 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%

JCI

Capital Goods industry group

11.12%

Max: 27.47%
Q3: 12.10%
JCI: 11.12%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Carrier Global (CARR) at 11.00% and Johnson Controls (JCI) at 17.21% 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%

JCI

Capital Goods industry group

17.21%

Max: 36.60%
Q3: 18.33%
JCI: 17.21%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Johnson Controls (JCI)
Metric	CARR	JCI
ROE (TTM)	-13.44%	21.73%
ROA (TTM)	3.43%	6.41%
Net Margin (TTM)	-7.90%	11.12%
Operating Margin (TTM)	11.00%	17.21%
Gross Margin (TTM)	24.38%	37.07%

Growth

Revenue Growth

Johnson Controls (JCI) at 2.81% 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. Johnson Controls (JCI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Johnson Controls (JCI) at 99.60% 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. Johnson Controls (JCI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carrier Global (CARR) and Johnson Controls (JCI)
Metric	CARR	JCI
Revenue Growth (YoY)	-3.29%	2.81%
Revenue Growth (3Y CAGR)	7.95%	4.57%
EPS Growth (YoY)	-72.03%	99.60%
EPS Growth (3Y CAGR)	-25.14%	31.94%

Financial Strength

Current Ratio (MRQ)

Both Carrier Global (CARR) at 1.00 and Johnson Controls (JCI) at 0.90 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

JCI

Capital Goods industry group

0.90

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
JCI: 0.90
Min: 0.36

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

Debt / Equity (MRQ)

Johnson Controls (JCI) at 0.68 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

JCI

Capital Goods industry group

0.68

Max: 2.33
Q3: 1.12
JCI: 0.68
Median: 0.60
Q1: 0.29
Min: 0.00

Carrier Global (CARR) vs. Johnson Controls (JCI): 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 Johnson Controls (JCI)
Metric	CARR	JCI
Current Ratio (MRQ)	1.00	0.90
Debt / Equity (MRQ)	1.14	0.68
Net Debt / EBITDA	3.24	1.86

Dividends

Dividend Yield (TTM)

Johnson Controls (JCI) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Carrier Global (CARR) reports a yield of 1.80%, ranking against industry peers normally.

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%

JCI

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
JCI: 0.00%
Q1: 0.00%
Min: 0.00%

Carrier Global (CARR) vs. Johnson Controls (JCI): 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 Johnson Controls (JCI) at 45.20% 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%

JCI

Capital Goods industry group

45.20%

Max: 67.39%
JCI: 45.20%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Johnson Controls (JCI)
Metric	CARR	JCI
Dividend Yield (TTM)	1.80%	0.00%
Dividend Payout Ratio (TTM)	67.39%	45.20%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Johnson Controls (JCI) trades at 28.61 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: --

JCI

Capital Goods industry group

28.61

Max: 59.38
Q3: 35.92
JCI: 28.61
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

On P/S ratio, both Carrier Global (CARR) at 1.88 and Johnson Controls (JCI) at 3.19 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

JCI

Capital Goods industry group

3.19

Max: 7.54
Q3: 3.76
JCI: 3.19
Median: 2.15
Q1: 1.03
Min: 0.03

Carrier Global (CARR) vs. Johnson Controls (JCI): 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 Johnson Controls (JCI) at 5.99 carries an above-peer premium to book — JCI 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

JCI

Capital Goods industry group

5.99

Max: 9.66
JCI: 5.99
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Johnson Controls (JCI)
Metric	CARR	JCI
P/E Ratio (TTM)	--	28.61
P/S Ratio (TTM)	1.88	3.19
P/B Ratio (MRQ)	4.27	5.99
Free Cash Flow Yield (TTM)	4.54%	3.81%