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CARR vs. NXT: Carrier Global vs. Nextracker Stock Comparison

How do Carrier Global (CARR) and Nextracker (NXT) 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 Nextracker (NXT) both fall under the Capital Goods industry group, but CARR is classified in Building Products while NXT is classified in Electrical Equipment.

Company profile comparison for Carrier Global (CARR) and Nextracker (NXT)
Profile ItemCARRNXT
NameCarrier Global Corp.Nextpower Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryBuilding ProductsElectrical Equipment
GICS Sub-IndustryBuilding ProductsElectrical Components & Equipment
Market Capitalization42.86 billion USD16.00 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMarch 19, 2020February 9, 2023
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CARR
NXT
GSPC
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Carrier Global (CARR) vs. Nextracker (NXT), 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 Nextracker (NXT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Nextracker (NXT)
MetricCARRNXT
Total Return (1Y)-4.90%0.06%
Total Return (3Y, Annualized)3.62%45.51%
Total Return (5Y, Annualized)1.11%--

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and Nextracker (NXT)
MetricCARRNXT
Volatility (1Y, Annualized)35.35%68.10%
Beta (5Y)1.321.66
Max Drawdown (5Y)-39.75%-51.10%
Avg. Volume (3M)6.08M2.38M

Risk-Adjusted Performance

Risk-Return Positioning

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CARR and NXT 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 Nextracker (NXT)
MetricCARRNXT
Sharpe Ratio (1Y)-0.26-0.06
Sortino Ratio (1Y)-0.36-0.09

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 Nextracker (NXT) reports 26.46%, 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%

NXT

Capital Goods industry group

26.46%

Max
40.55%
NXT
26.46%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Carrier Global (CARR) vs. Nextracker (NXT): 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 Nextracker (NXT) reports 15.98%, 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%

NXT

Capital Goods industry group

15.98%

Max
27.47%
NXT
15.98%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Carrier Global (CARR) vs. Nextracker (NXT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Nextracker (NXT) at 20.06% 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%

NXT

Capital Goods industry group

20.06%

Max
36.60%
NXT
20.06%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Carrier Global (CARR) vs. Nextracker (NXT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Nextracker (NXT)
MetricCARRNXT
ROE (TTM)-13.44%26.46%
ROA (TTM)3.43%10.75%
Net Margin (TTM)-7.90%15.98%
Operating Margin (TTM)11.00%20.06%
Gross Margin (TTM)24.38%21.84%

Growth

Revenue Growth

Nextracker (NXT) at 20.28% sits in the top revenue growth quartile, while Carrier Global (CARR) at -3.29% is in the bottom quartile, showing a clear gap in revenue momentum.

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Carrier Global (CARR) vs. Nextracker (NXT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Nextracker (NXT) at 10.66% is around its peer norm for EPS growth, while Carrier Global (CARR) at -72.03% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Carrier Global (CARR) and Nextracker (NXT)
MetricCARRNXT
Revenue Growth (YoY)-3.29%20.28%
Revenue Growth (3Y CAGR)7.95%23.23%
EPS Growth (YoY)-72.03%10.66%
EPS Growth (3Y CAGR)-25.14%476.90%

Financial Strength

Current Ratio (MRQ)

Nextracker (NXT) at 2.23 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

NXT

Capital Goods industry group

2.23

Max
5.22
Q3
2.95
NXT
2.23
Median
2.08
Q1
1.43
Min
0.36
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Carrier Global (CARR) vs. Nextracker (NXT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Nextracker (NXT) at 0.02 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

NXT

Capital Goods industry group

0.02

Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
NXT
0.02
Min
0.00
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Carrier Global (CARR) vs. Nextracker (NXT): 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 Nextracker (NXT)
MetricCARRNXT
Current Ratio (MRQ)1.002.23
Debt / Equity (MRQ)1.140.02
Net Debt / EBITDA3.24-1.30

Dividends

Dividend Yield (TTM)

Nextracker (NXT) 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%

NXT

Capital Goods industry group

0.00%

Max
2.66%
Q3
1.14%
Median
0.24%
NXT
0.00%
Q1
0.00%
Min
0.00%
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Carrier Global (CARR) vs. Nextracker (NXT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Nextracker (NXT) 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%

NXT

Capital Goods industry group

0.00%

Max
67.39%
Q3
28.02%
Median
6.86%
NXT
0.00%
Q1
0.00%
Min
0.00%
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Carrier Global (CARR) vs. Nextracker (NXT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Nextracker (NXT)
MetricCARRNXT
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: Nextracker (NXT) trades at 26.42 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
--

NXT

Capital Goods industry group

26.42

Max
59.38
Q3
35.92
NXT
26.42
Median
25.41
Q1
19.47
Min
3.03
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Carrier Global (CARR) vs. Nextracker (NXT): CARR does not report P/E ratio, so it has no value marker; NXT 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 Nextracker (NXT) at 4.17 sits in the pricier quartile — NXT 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

NXT

Capital Goods industry group

4.17

Max
7.54
NXT
4.17
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Carrier Global (CARR) vs. Nextracker (NXT): 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 Nextracker (NXT) at 5.98 carries an above-peer premium to book — NXT 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

NXT

Capital Goods industry group

5.98

Max
9.66
NXT
5.98
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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Carrier Global (CARR) vs. Nextracker (NXT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Nextracker (NXT)
MetricCARRNXT
P/E Ratio (TTM)--26.42
P/S Ratio (TTM)1.884.17
P/B Ratio (MRQ)4.275.98
Free Cash Flow Yield (TTM)4.54%2.32%