CARR vs. MTZ: Carrier Global vs. MasTec Stock Comparison

November 11, 2026

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

MasTec (MTZ) has more than two decades of public-market history since February 21, 1973, 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 MasTec (MTZ)
Profile Item	CARR	MTZ
Name	Carrier Global Corp.	MasTec, Inc.
Country/Region	United States	United States
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	13.98 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 19, 2020	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

MTZ

GSPC

Carrier Global (CARR) vs. MasTec (MTZ), 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 MasTec (MTZ). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and MasTec (MTZ)
Metric	CARR	MTZ
Total Return (1Y)	-4.90%	-7.45%
Total Return (3Y, Annualized)	3.62%	57.37%
Total Return (5Y, Annualized)	1.11%	13.96%

Risk Profile

Drawdown History

CARR

MTZ

GSPC

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

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and MasTec (MTZ)
Metric	CARR	MTZ
Volatility (1Y, Annualized)	35.35%	55.99%
Beta (5Y)	1.32	1.91
Max Drawdown (5Y)	-39.75%	-63.67%
Avg. Volume (3M)	6.08M	1.63M

Risk-Adjusted Performance

Risk-Return Positioning

CARR and MTZ 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 MasTec (MTZ)
Metric	CARR	MTZ
Sharpe Ratio (1Y)	-0.26	-0.21
Sortino Ratio (1Y)	-0.36	-0.28

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 MasTec (MTZ) reports 14.53%, 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%

MTZ

Capital Goods industry group

14.53%

Max: 40.55%
Q3: 19.29%
MTZ: 14.53%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Carrier Global (CARR) vs. MasTec (MTZ): 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 MasTec (MTZ) reports 2.80%, 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%

MTZ

Capital Goods industry group

2.80%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
MTZ: 2.80%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Carrier Global (CARR) at 11.00% and MasTec (MTZ) at 5.64% 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%

MTZ

Capital Goods industry group

5.64%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
MTZ: 5.64%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and MasTec (MTZ)
Metric	CARR	MTZ
ROE (TTM)	-13.44%	14.53%
ROA (TTM)	3.43%	4.43%
Net Margin (TTM)	-7.90%	2.80%
Operating Margin (TTM)	11.00%	5.64%
Gross Margin (TTM)	24.38%	12.74%

Growth

Revenue Growth

MasTec (MTZ) at 16.22% 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. MasTec (MTZ): A comparison of their Revenue Growth across different time periods.

EPS Growth

MasTec (MTZ) at 146.12% delivers above-range EPS growth, while Carrier Global (CARR) at -72.03% falls into the bottom quartile — a wide split in earnings momentum.

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

Growth Metrics

Growth metrics for Carrier Global (CARR) and MasTec (MTZ)
Metric	CARR	MTZ
Revenue Growth (YoY)	-3.29%	16.22%
Revenue Growth (3Y CAGR)	7.95%	13.51%
EPS Growth (YoY)	-72.03%	146.12%
EPS Growth (3Y CAGR)	-25.14%	129.40%

Financial Strength

Current Ratio (MRQ)

Both Carrier Global (CARR) at 1.00 and MasTec (MTZ) at 1.39 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

MTZ

Capital Goods industry group

1.39

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
MTZ: 1.39
Min: 0.36

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

Debt / Equity (MRQ)

Both Carrier Global (CARR) at 1.14 and MasTec (MTZ) at 1.12 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

MTZ

Capital Goods industry group

1.12

Max: 2.33
MTZ: 1.12
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Carrier Global (CARR) vs. MasTec (MTZ): 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 MasTec (MTZ)
Metric	CARR	MTZ
Current Ratio (MRQ)	1.00	1.39
Debt / Equity (MRQ)	1.14	1.12
Net Debt / EBITDA	3.24	3.08

Dividends

Dividend Yield (TTM)

MasTec (MTZ) 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%

MTZ

Capital Goods industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

MasTec (MTZ) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Carrier Global (CARR) reports a payout of 67.39%, ranking against industry peers normally.

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%

MTZ

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
MTZ: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and MasTec (MTZ)
Metric	CARR	MTZ
Dividend Yield (TTM)	1.80%	0.00%
Dividend Payout Ratio (TTM)	67.39%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: MasTec (MTZ) trades at 28.40 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: --

MTZ

Capital Goods industry group

28.40

Max: 59.38
Q3: 35.92
MTZ: 28.40
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

MasTec (MTZ) at 0.81 sits in the cheaper P/S ratio quartile while Carrier Global (CARR) at 1.88 prices around its industry’s middle — MTZ costs less per dollar of sales, though read it alongside growth and margins.

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

MTZ

Capital Goods industry group

0.81

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
MTZ: 0.81
Min: 0.03

Carrier Global (CARR) vs. MasTec (MTZ): 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 MasTec (MTZ) at 3.35 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

MTZ

Capital Goods industry group

3.35

Max: 9.66
Q3: 5.00
MTZ: 3.35
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and MasTec (MTZ)
Metric	CARR	MTZ
P/E Ratio (TTM)	--	28.40
P/S Ratio (TTM)	1.88	0.81
P/B Ratio (MRQ)	4.27	3.35
Free Cash Flow Yield (TTM)	4.54%	1.00%