CARR vs. MLI: Carrier Global vs. Mueller Industries Stock Comparison

November 11, 2026

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

Mueller Industries (MLI) has more than two decades of public-market history since February 25, 1991, 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 Mueller Industries (MLI)
Profile Item	CARR	MLI
Name	Carrier Global Corp.	Mueller Industries, 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	11.54 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 19, 2020	February 25, 1991
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

MLI

GSPC

Carrier Global (CARR) vs. Mueller Industries (MLI), 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 Mueller Industries (MLI). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Mueller Industries (MLI)
Metric	CARR	MLI
Total Return (1Y)	-4.90%	3.68%
Total Return (3Y, Annualized)	3.62%	44.56%
Total Return (5Y, Annualized)	1.11%	32.39%

Risk Profile

Drawdown History

CARR

MLI

GSPC

Carrier Global (CARR) vs. Mueller Industries (MLI), 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 Mueller Industries (MLI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and Mueller Industries (MLI)
Metric	CARR	MLI
Volatility (1Y, Annualized)	35.35%	34.44%
Beta (5Y)	1.32	1.01
Max Drawdown (5Y)	-39.75%	-27.79%
Avg. Volume (3M)	6.08M	1.61M

Risk-Adjusted Performance

Risk-Return Positioning

CARR and MLI 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 Mueller Industries (MLI)
Metric	CARR	MLI
Sharpe Ratio (1Y)	-0.26	-0.02
Sortino Ratio (1Y)	-0.36	-0.02

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 Mueller Industries (MLI) reports 26.26%, 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%

MLI

Capital Goods industry group

26.26%

Max: 40.55%
MLI: 26.26%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Carrier Global (CARR) vs. Mueller Industries (MLI): 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 Mueller Industries (MLI) reports 17.27%, 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%

MLI

Capital Goods industry group

17.27%

Max: 27.47%
MLI: 17.27%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Mueller Industries (MLI) at 19.53% 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%

MLI

Capital Goods industry group

19.53%

Max: 36.60%
MLI: 19.53%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Mueller Industries (MLI)
Metric	CARR	MLI
ROE (TTM)	-13.44%	26.26%
ROA (TTM)	3.43%	16.23%
Net Margin (TTM)	-7.90%	17.27%
Operating Margin (TTM)	11.00%	19.53%
Gross Margin (TTM)	24.38%	27.25%

Growth

Revenue Growth

Mueller Industries (MLI) at 10.87% 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. Mueller Industries (MLI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Mueller Industries (MLI) at 29.19% is around its peer norm for EPS growth, while Carrier Global (CARR) at -72.03% drops into the bottom quartile, signaling weaker earnings momentum.

Carrier Global (CARR) vs. Mueller Industries (MLI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carrier Global (CARR) and Mueller Industries (MLI)
Metric	CARR	MLI
Revenue Growth (YoY)	-3.29%	10.87%
Revenue Growth (3Y CAGR)	7.95%	1.62%
EPS Growth (YoY)	-72.03%	29.19%
EPS Growth (3Y CAGR)	-25.14%	5.63%

Financial Strength

Current Ratio (MRQ)

Mueller Industries (MLI) at 4.39 carries current ratio above its industry’s typical mid-range, while Carrier Global (CARR) at 1.00 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

MLI

Capital Goods industry group

4.39

Max: 5.22
MLI: 4.39
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Mueller Industries (MLI) at 0.01 keeps leverage in the lower quartile, while Carrier Global (CARR) at 1.14 sits in the higher-leverage quartile.

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

MLI

Capital Goods industry group

0.01

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
MLI: 0.01
Min: 0.00

Carrier Global (CARR) vs. Mueller Industries (MLI): 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 Mueller Industries (MLI)
Metric	CARR	MLI
Current Ratio (MRQ)	1.00	4.39
Debt / Equity (MRQ)	1.14	0.01
Net Debt / EBITDA	3.24	-1.31

Dividends

Dividend Yield (TTM)

Both Carrier Global (CARR) at 1.80% and Mueller Industries (MLI) at 1.24% 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%

MLI

Capital Goods industry group

1.24%

Max: 2.66%
MLI: 1.24%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Mueller Industries (MLI) at 16.67% 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%

MLI

Capital Goods industry group

16.67%

Max: 67.39%
Q3: 28.02%
MLI: 16.67%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Mueller Industries (MLI)
Metric	CARR	MLI
Dividend Yield (TTM)	1.80%	1.24%
Dividend Payout Ratio (TTM)	67.39%	16.67%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Mueller Industries (MLI) trades at 13.58 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: --

MLI

Capital Goods industry group

13.58

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
MLI: 13.58
Min: 3.03

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

P/S Ratio (TTM)

On P/S ratio, both Carrier Global (CARR) at 1.88 and Mueller Industries (MLI) at 2.31 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

MLI

Capital Goods industry group

2.31

Max: 7.54
Q3: 3.76
MLI: 2.31
Median: 2.15
Q1: 1.03
Min: 0.03

Carrier Global (CARR) vs. Mueller Industries (MLI): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Mueller Industries (MLI) at 0.33 sits in the lower P/B ratio quartile against book while Carrier Global (CARR) at 4.27 is valued near its industry’s middle — MLI is cheaper on assets, though weigh it against ROE and asset quality.

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

MLI

Capital Goods industry group

0.33

Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
MLI: 0.33
Min: -1.08

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Mueller Industries (MLI)
Metric	CARR	MLI
P/E Ratio (TTM)	--	13.58
P/S Ratio (TTM)	1.88	2.31
P/B Ratio (MRQ)	4.27	0.33
Free Cash Flow Yield (TTM)	4.54%	4.65%