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CARR vs. WWD: Carrier Global vs. Woodward Stock Comparison

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

Woodward (WWD) has more than two decades of public-market history since April 4, 1994, 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 Woodward (WWD)
Profile ItemCARRWWD
NameCarrier Global Corp.Woodward, Inc.
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryBuilding ProductsAerospace & Defense
GICS Sub-IndustryBuilding ProductsAerospace & Defense
Market Capitalization42.86 billion USD18.74 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMarch 19, 2020April 4, 1994
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CARR
WWD
GSPC
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Carrier Global (CARR) vs. Woodward (WWD), 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 Woodward (WWD). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Carrier Global (CARR) and Woodward (WWD)
MetricCARRWWD
Total Return (1Y)-4.90%25.66%
Total Return (3Y, Annualized)3.62%36.83%
Total Return (5Y, Annualized)1.11%23.54%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Carrier Global (CARR) and Woodward (WWD)
MetricCARRWWD
Volatility (1Y, Annualized)35.35%40.29%
Beta (5Y)1.320.87
Max Drawdown (5Y)-39.75%-37.25%
Avg. Volume (3M)6.08M665.85K

Risk-Adjusted Performance

Risk-Return Positioning

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CARR and WWD 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 Woodward (WWD)
MetricCARRWWD
Sharpe Ratio (1Y)-0.260.53
Sortino Ratio (1Y)-0.360.85

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 Woodward (WWD) reports 22.34%, 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%

WWD

Capital Goods industry group

22.34%

Max
40.55%
WWD
22.34%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Carrier Global (CARR) vs. Woodward (WWD): 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 Woodward (WWD) reports 13.17%, 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%

WWD

Capital Goods industry group

13.17%

Max
27.47%
WWD
13.17%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Carrier Global (CARR) vs. Woodward (WWD): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Carrier Global (CARR) at 11.00% and Woodward (WWD) at 17.76% 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%

WWD

Capital Goods industry group

17.76%

Max
36.60%
Q3
18.33%
WWD
17.76%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Carrier Global (CARR) vs. Woodward (WWD): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Carrier Global (CARR) and Woodward (WWD)
MetricCARRWWD
ROE (TTM)-13.44%22.34%
ROA (TTM)3.43%8.62%
Net Margin (TTM)-7.90%13.17%
Operating Margin (TTM)11.00%17.76%
Gross Margin (TTM)24.38%29.63%

Growth

Revenue Growth

Woodward (WWD) at 7.30% 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.

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

EPS Growth

Woodward (WWD) at 19.63% 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. Woodward (WWD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carrier Global (CARR) and Woodward (WWD)
MetricCARRWWD
Revenue Growth (YoY)-3.29%7.30%
Revenue Growth (3Y CAGR)7.95%14.40%
EPS Growth (YoY)-72.03%19.63%
EPS Growth (3Y CAGR)-25.14%38.44%

Financial Strength

Current Ratio (MRQ)

Woodward (WWD) at 1.65 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

WWD

Capital Goods industry group

1.65

Max
5.22
Q3
2.95
Median
2.08
WWD
1.65
Q1
1.43
Min
0.36
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Carrier Global (CARR) vs. Woodward (WWD): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Woodward (WWD) at 0.56 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

WWD

Capital Goods industry group

0.56

Max
2.33
Q3
1.12
Median
0.60
WWD
0.56
Q1
0.29
Min
0.00
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Carrier Global (CARR) vs. Woodward (WWD): 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 Woodward (WWD)
MetricCARRWWD
Current Ratio (MRQ)1.001.65
Debt / Equity (MRQ)1.140.56
Net Debt / EBITDA3.241.13

Dividends

Dividend Yield (TTM)

Carrier Global (CARR) at 1.80% delivers top-quartile income for its industry, while Woodward (WWD) at 0.32% 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%

WWD

Capital Goods industry group

0.32%

Max
2.66%
Q3
1.14%
WWD
0.32%
Median
0.24%
Q1
0.00%
Min
0.00%
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Carrier Global (CARR) vs. Woodward (WWD): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Woodward (WWD) at 13.35% 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%

WWD

Capital Goods industry group

13.35%

Max
67.39%
Q3
28.02%
WWD
13.35%
Median
6.86%
Q1
0.00%
Min
0.00%
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Carrier Global (CARR) vs. Woodward (WWD): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Carrier Global (CARR) and Woodward (WWD)
MetricCARRWWD
Dividend Yield (TTM)1.80%0.32%
Dividend Payout Ratio (TTM)67.39%13.35%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Woodward (WWD) trades at 35.30 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
--

WWD

Capital Goods industry group

35.30

Max
59.38
Q3
35.92
WWD
35.30
Median
25.41
Q1
19.47
Min
3.03
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Carrier Global (CARR) vs. Woodward (WWD): CARR does not report P/E ratio, so it has no value marker; WWD 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 Woodward (WWD) at 4.47 sits in the pricier quartile — WWD 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

WWD

Capital Goods industry group

4.47

Max
7.54
WWD
4.47
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Carrier Global (CARR) vs. Woodward (WWD): 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 Woodward (WWD) at 7.60 carries an above-peer premium to book — WWD 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

WWD

Capital Goods industry group

7.60

Max
9.66
WWD
7.60
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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Carrier Global (CARR) vs. Woodward (WWD): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Carrier Global (CARR) and Woodward (WWD)
MetricCARRWWD
P/E Ratio (TTM)--35.30
P/S Ratio (TTM)1.884.47
P/B Ratio (MRQ)4.277.60
Free Cash Flow Yield (TTM)4.54%1.00%