CARR vs. TDG: Carrier Global vs. TransDigm Stock Comparison

November 11, 2026

How do Carrier Global (CARR) and TransDigm (TDG) 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 TransDigm (TDG) both fall under the Capital Goods industry group, but CARR is classified in Building Products while TDG is classified in Aerospace & Defense.

TransDigm (TDG) has more than two decades of public-market history since March 15, 2006, 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 TransDigm (TDG)
Profile Item	CARR	TDG
Name	Carrier Global Corp.	TransDigm Group Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Aerospace & Defense
GICS Sub-Industry	Building Products	Aerospace & Defense
Market Capitalization	42.86 billion USD	66.17 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 19, 2020	March 15, 2006
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

TDG

GSPC

Carrier Global (CARR) vs. TransDigm (TDG), 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 TransDigm (TDG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and TransDigm (TDG)
Metric	CARR	TDG
Total Return (1Y)	-4.90%	-3.42%
Total Return (3Y, Annualized)	3.62%	14.26%
Total Return (5Y, Annualized)	1.11%	16.86%

Risk Profile

Drawdown History

CARR

TDG

GSPC

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

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and TransDigm (TDG)
Metric	CARR	TDG
Volatility (1Y, Annualized)	35.35%	28.03%
Beta (5Y)	1.32	0.94
Max Drawdown (5Y)	-39.75%	-29.05%
Avg. Volume (3M)	6.08M	369.72K

Risk-Adjusted Performance

Risk-Return Positioning

CARR and TDG 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 TransDigm (TDG)
Metric	CARR	TDG
Sharpe Ratio (1Y)	-0.26	-0.27
Sortino Ratio (1Y)	-0.36	-0.38

Profitability

ROE (TTM)

TransDigm (TDG) has no ROE value reported for this period; Carrier Global (CARR) reports a negative figure of -13.44%, which needs context because negative ROE can reflect losses or negative shareholders’ equity.

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%

TDG

Capital Goods industry group

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

Carrier Global (CARR) vs. TransDigm (TDG): TDG does not report ROE, so it has no value marker; CARR is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Carrier Global (CARR) reports a negative net margin of -7.90%, usually indicating a net loss over the period. Meanwhile TransDigm (TDG) reports 21.28%, 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%

TDG

Capital Goods industry group

21.28%

Max: 27.47%
TDG: 21.28%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

TransDigm (TDG) at 46.01% turns sales into operating profit above its industry’s benchmark range, while Carrier Global (CARR) at 11.00% operates 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%

TDG

Capital Goods industry group

46.01%

TDG: 46.01%
Max: 36.60%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and TransDigm (TDG)
Metric	CARR	TDG
ROE (TTM)	-13.44%	--
ROA (TTM)	3.43%	11.82%
Net Margin (TTM)	-7.90%	21.28%
Operating Margin (TTM)	11.00%	46.01%
Gross Margin (TTM)	24.38%	59.82%

Growth

Revenue Growth

TransDigm (TDG) at 11.22% 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. TransDigm (TDG): A comparison of their Revenue Growth across different time periods.

EPS Growth

TransDigm (TDG) at 25.21% 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. TransDigm (TDG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carrier Global (CARR) and TransDigm (TDG)
Metric	CARR	TDG
Revenue Growth (YoY)	-3.29%	11.22%
Revenue Growth (3Y CAGR)	7.95%	17.61%
EPS Growth (YoY)	-72.03%	25.21%
EPS Growth (3Y CAGR)	-25.14%	33.78%

Financial Strength

Current Ratio (MRQ)

TransDigm (TDG) at 3.02 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

TDG

Capital Goods industry group

3.02

Max: 5.22
TDG: 3.02
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Carrier Global (CARR) carries debt-to-equity ratio of 1.14 against its industry range, while TransDigm (TDG) reports no figure this period.

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

TDG

Capital Goods industry group

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00
TDG: --

Carrier Global (CARR) vs. TransDigm (TDG): TDG does not report debt-to-equity ratio, so it has no value marker; CARR is benchmarked against the Capital Goods industry group.

Financial Strength Metrics

Financial strength metrics for Carrier Global (CARR) and TransDigm (TDG)
Metric	CARR	TDG
Current Ratio (MRQ)	1.00	3.02
Debt / Equity (MRQ)	1.14	--
Net Debt / EBITDA	3.24	6.03

Dividends

Dividend Yield (TTM)

TransDigm (TDG) 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%

TDG

Capital Goods industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

TransDigm (TDG) 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%

TDG

Capital Goods industry group

0.00%

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

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and TransDigm (TDG)
Metric	CARR	TDG
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: TransDigm (TDG) trades at 36.31 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: --

TDG

Capital Goods industry group

36.31

Max: 59.38
TDG: 36.31
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

Carrier Global (CARR) vs. TransDigm (TDG): CARR does not report P/E ratio, so it has no value marker; TDG 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 TransDigm (TDG) at 6.61 sits in the pricier quartile — TDG 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

TDG

Capital Goods industry group

6.61

Max: 7.54
TDG: 6.61
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

TransDigm (TDG) reports a negative P/B ratio of -6.74, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Carrier Global (CARR) reports 4.27, ranking against industry peers normally.

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

TDG

Capital Goods industry group

-6.74

Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08
TDG: -6.74

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and TransDigm (TDG)
Metric	CARR	TDG
P/E Ratio (TTM)	--	36.31
P/S Ratio (TTM)	1.88	6.61
P/B Ratio (MRQ)	4.27	-6.74
Free Cash Flow Yield (TTM)	4.54%	2.20%