CARR vs. WSO.B: Carrier Global vs. Watsco Stock Comparison

November 11, 2026

How do Carrier Global (CARR) and Watsco (WSO.B) 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 Watsco (WSO.B) both fall under the Capital Goods industry group, but CARR is classified in Building Products while WSO.B is classified in Trading Companies & Distributors.

Watsco (WSO.B) has more than two decades of public-market history since March 17, 1980, 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 Watsco (WSO.B)
Profile Item	CARR	WSO.B
Name	Carrier Global Corp.	Watsco Inc. Class B Common Stock
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Trading Companies & Distributors
GICS Sub-Industry	Building Products	Trading Companies & Distributors
Market Capitalization	42.86 billion USD	12.92 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 19, 2020	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CARR

WSO.B

GSPC

Carrier Global (CARR) vs. Watsco (WSO.B), 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 Watsco (WSO.B). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Watsco (WSO.B)
Metric	CARR	WSO.B
Total Return (1Y)	-4.90%	-11.21%
Total Return (3Y, Annualized)	3.62%	-3.05%
Total Return (5Y, Annualized)	1.11%	4.30%

Risk Profile

Drawdown History

CARR

WSO.B

GSPC

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

Risk Metrics

Carrier Global (CARR) has an aggressive beta of 1.32, indicating higher sensitivity to broad-market moves, while Watsco (WSO.B) is defensive at 0.64 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Carrier Global (CARR) trades around 6.08M shares per day on average, while Watsco (WSO.B) sees only 74 — a volume gap that can matter for position sizing, exit liquidity, and order execution.

Risk profile metrics for Carrier Global (CARR) and Watsco (WSO.B)
Metric	CARR	WSO.B
Volatility (1Y, Annualized)	35.35%	40.28%
Beta (5Y)	1.32	0.64
Max Drawdown (5Y)	-39.75%	-43.41%
Avg. Volume (3M)	6.08M	74

Risk-Adjusted Performance

Risk-Return Positioning

CARR and WSO.B 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 Watsco (WSO.B)
Metric	CARR	WSO.B
Sharpe Ratio (1Y)	-0.26	-0.38
Sortino Ratio (1Y)	-0.36	-0.57

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 Watsco (WSO.B) reports 16.21%, 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%

WSO.B

Capital Goods industry group

16.21%

Max: 40.55%
Q3: 19.29%
WSO.B: 16.21%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Carrier Global (CARR) vs. Watsco (WSO.B): 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 Watsco (WSO.B) reports 6.31%, 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%

WSO.B

Capital Goods industry group

6.31%

Max: 27.47%
Q3: 12.10%
WSO.B: 6.31%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Carrier Global (CARR) at 11.00% and Watsco (WSO.B) at 10.14% 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%

WSO.B

Capital Goods industry group

10.14%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
WSO.B: 10.14%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Watsco (WSO.B)
Metric	CARR	WSO.B
ROE (TTM)	-13.44%	16.21%
ROA (TTM)	3.43%	8.27%
Net Margin (TTM)	-7.90%	6.31%
Operating Margin (TTM)	11.00%	10.14%
Gross Margin (TTM)	24.38%	27.18%

Growth

Revenue Growth

Both Carrier Global (CARR) at -3.29% and Watsco (WSO.B) at -4.98% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

Carrier Global (CARR) vs. Watsco (WSO.B): A comparison of their Revenue Growth across different time periods.

EPS Growth

Watsco (WSO.B) at -7.47% 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. Watsco (WSO.B): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carrier Global (CARR) and Watsco (WSO.B)
Metric	CARR	WSO.B
Revenue Growth (YoY)	-3.29%	-4.98%
Revenue Growth (3Y CAGR)	7.95%	-0.16%
EPS Growth (YoY)	-72.03%	-7.47%
EPS Growth (3Y CAGR)	-25.14%	-6.89%

Financial Strength

Current Ratio (MRQ)

Watsco (WSO.B) at 3.15 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

WSO.B

Capital Goods industry group

3.15

Max: 5.22
WSO.B: 3.15
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Watsco (WSO.B) at 0.16 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

WSO.B

Capital Goods industry group

0.16

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
WSO.B: 0.16
Min: 0.00

Carrier Global (CARR) vs. Watsco (WSO.B): 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 Watsco (WSO.B)
Metric	CARR	WSO.B
Current Ratio (MRQ)	1.00	3.15
Debt / Equity (MRQ)	1.14	0.16
Net Debt / EBITDA	3.24	-0.14

Dividends

Dividend Yield (TTM)

Carrier Global (CARR) at 1.80% earns its spot in the top quartile of its industry’s yields; Watsco (WSO.B) at 4.02% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

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%

WSO.B

Capital Goods industry group

4.02%

WSO.B: 4.02%
Max: 2.66%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Watsco (WSO.B) reports payout ratio above 100% at 109.66%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Carrier Global (CARR) reports 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%

WSO.B

Capital Goods industry group

109.66%

WSO.B: 109.66%
Max: 67.39%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Watsco (WSO.B)
Metric	CARR	WSO.B
Dividend Yield (TTM)	1.80%	4.02%
Dividend Payout Ratio (TTM)	67.39%	109.66%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Watsco (WSO.B) trades at 27.26 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: --

WSO.B

Capital Goods industry group

27.26

Max: 59.38
Q3: 35.92
WSO.B: 27.26
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

On P/S ratio, both Carrier Global (CARR) at 1.88 and Watsco (WSO.B) at 1.74 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

WSO.B

Capital Goods industry group

1.74

Max: 7.54
Q3: 3.76
Median: 2.15
WSO.B: 1.74
Q1: 1.03
Min: 0.03

Carrier Global (CARR) vs. Watsco (WSO.B): 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 Watsco (WSO.B) at 3.99 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

WSO.B

Capital Goods industry group

3.99

Max: 9.66
Q3: 5.00
WSO.B: 3.99
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Watsco (WSO.B)
Metric	CARR	WSO.B
P/E Ratio (TTM)	--	27.26
P/S Ratio (TTM)	1.88	1.74
P/B Ratio (MRQ)	4.27	3.99
Free Cash Flow Yield (TTM)	4.54%	3.50%