CARR vs. PWR: Carrier Global vs. Quanta Services Stock Comparison

November 11, 2026

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

Quanta Services (PWR) has more than two decades of public-market history since February 12, 1998, 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 Quanta Services (PWR)
Profile Item	CARR	PWR
Name	Carrier Global Corp.	Quanta Services, 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	81.50 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 19, 2020	February 12, 1998
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

PWR

GSPC

Carrier Global (CARR) vs. Quanta Services (PWR), 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 Quanta Services (PWR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Quanta Services (PWR)
Metric	CARR	PWR
Total Return (1Y)	-4.90%	32.97%
Total Return (3Y, Annualized)	3.62%	51.81%
Total Return (5Y, Annualized)	1.11%	38.19%

Risk Profile

Drawdown History

CARR

PWR

GSPC

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

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and Quanta Services (PWR)
Metric	CARR	PWR
Volatility (1Y, Annualized)	35.35%	50.22%
Beta (5Y)	1.32	1.29
Max Drawdown (5Y)	-39.75%	-35.15%
Avg. Volume (3M)	6.08M	1.19M

Risk-Adjusted Performance

Risk-Return Positioning

CARR and PWR 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 Quanta Services (PWR)
Metric	CARR	PWR
Sharpe Ratio (1Y)	-0.26	0.57
Sortino Ratio (1Y)	-0.36	0.87

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 Quanta Services (PWR) reports 18.02%, 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%

PWR

Capital Goods industry group

18.02%

Max: 40.55%
Q3: 19.29%
PWR: 18.02%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Carrier Global (CARR) vs. Quanta Services (PWR): 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 Quanta Services (PWR) reports 4.51%, 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%

PWR

Capital Goods industry group

4.51%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
PWR: 4.51%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Carrier Global (CARR) at 11.00% and Quanta Services (PWR) at 8.63% 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%

PWR

Capital Goods industry group

8.63%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
PWR: 8.63%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Quanta Services (PWR)
Metric	CARR	PWR
ROE (TTM)	-13.44%	18.02%
ROA (TTM)	3.43%	5.72%
Net Margin (TTM)	-7.90%	4.51%
Operating Margin (TTM)	11.00%	8.63%
Gross Margin (TTM)	24.38%	15.76%

Growth

Revenue Growth

Quanta Services (PWR) at 20.31% 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.

Carrier Global (CARR) vs. Quanta Services (PWR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Quanta Services (PWR) at 12.77% 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. Quanta Services (PWR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carrier Global (CARR) and Quanta Services (PWR)
Metric	CARR	PWR
Revenue Growth (YoY)	-3.29%	20.31%
Revenue Growth (3Y CAGR)	7.95%	18.60%
EPS Growth (YoY)	-72.03%	12.77%
EPS Growth (3Y CAGR)	-25.14%	27.00%

Financial Strength

Current Ratio (MRQ)

Both Carrier Global (CARR) at 1.00 and Quanta Services (PWR) at 1.16 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

PWR

Capital Goods industry group

1.16

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
PWR: 1.16
Min: 0.36

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

Debt / Equity (MRQ)

Quanta Services (PWR) at 0.71 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

PWR

Capital Goods industry group

0.71

Max: 2.33
Q3: 1.12
PWR: 0.71
Median: 0.60
Q1: 0.29
Min: 0.00

Carrier Global (CARR) vs. Quanta Services (PWR): 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 Quanta Services (PWR)
Metric	CARR	PWR
Current Ratio (MRQ)	1.00	1.16
Debt / Equity (MRQ)	1.14	0.71
Net Debt / EBITDA	3.24	1.43

Dividends

Dividend Yield (TTM)

Carrier Global (CARR) at 1.80% delivers top-quartile income for its industry, while Quanta Services (PWR) at 0.09% 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%

PWR

Capital Goods industry group

0.09%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
PWR: 0.09%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Quanta Services (PWR) at 3.98% 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%

PWR

Capital Goods industry group

3.98%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
PWR: 3.98%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Quanta Services (PWR)
Metric	CARR	PWR
Dividend Yield (TTM)	1.80%	0.09%
Dividend Payout Ratio (TTM)	67.39%	3.98%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Quanta Services (PWR) trades at 48.95 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: --

PWR

Capital Goods industry group

48.95

Max: 59.38
PWR: 48.95
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

On P/S ratio, both Carrier Global (CARR) at 1.88 and Quanta Services (PWR) at 2.19 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

PWR

Capital Goods industry group

2.19

Max: 7.54
Q3: 3.76
PWR: 2.19
Median: 2.15
Q1: 1.03
Min: 0.03

Carrier Global (CARR) vs. Quanta Services (PWR): 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 Quanta Services (PWR) at 7.73 carries an above-peer premium to book — PWR 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

PWR

Capital Goods industry group

7.73

Max: 9.66
PWR: 7.73
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Quanta Services (PWR)
Metric	CARR	PWR
P/E Ratio (TTM)	--	48.95
P/S Ratio (TTM)	1.88	2.19
P/B Ratio (MRQ)	4.27	7.73
Free Cash Flow Yield (TTM)	4.54%	3.78%