Carrier Global

US · CARR #483 by market cap Listed 1970

55.00 -1.10 -1.96%

Live - 5344 symbols - heartbeat 176s ago · 2026-10-08 08:24

Pre-market 55.00 0.00%

After-hours 55.00 0.00%

Overnight 54.81 -0.35%

Market cap: 45.34B
P/E (TTM): 37.93
P/B: 3.45
EPS: 1.72
Div yield: 1.69%
52W pos: 20%

Reader sentiment Are you bullish or bearish on CARR?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Fair

Altman Z-Score is 2.44, in the 1.8-3.0 "grey zone".
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year -3.29% YoY

Margins

Gross margin: 25.86%
Operating margin: 8.77%
Net margin: 6.82%

Key ratios & quality

Enterprise value: 55.62B
Altman Z-Score: 2.44

Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	18.91B	18.61B	17.46B	20.61B	17.29B	18.95B	22.49B	21.75B
Gross profit	5.57B	5.42B	5.11B	5.98B	4.30B	5.16B	5.98B	5.62B
Selling & admin expenses	2.69B	2.76B	2.82B	3.12B	1.98B	2.61B	3.20B	3.09B
Research & development	400.00M	401.00M	419.00M	503.00M	416.00M	493.00M	686.00M	625.00M
Operating profit	2.48B	2.26B	1.87B	2.36B	1.90B	2.06B	2.10B	1.91B
Pretax profit	3.84B	2.67B	2.86B	2.40B	3.82B	2.00B	2.27B	1.80B
Tax	1.07B	517.00M	849.00M	699.00M	616.00M	521.00M	1.06B	240.00M
Net profit	2.77B	2.16B	2.01B	1.70B	3.58B	1.44B	5.71B	1.59B
Basic EPS	3	2	2	2	4	2	6	2
Diluted EPS	3.13	2.44	2.25	1.87	4.10	1.58	6.15	1.72

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	5.22B	6.11B	5.58B	4.84B	5.34B	6.35B
Gross profit	1.45B	1.77B	1.45B	961.00M	1.24B	1.73B
Selling & admin expenses	729.00M	813.00M	803.00M	747.00M	861.00M	810.00M
Research & development	153.00M	161.00M	151.00M	160.00M	143.00M	148.00M
Operating profit	563.00M	795.00M	495.00M	54.00M	240.00M	770.00M
Pretax profit	548.00M	812.00M	433.00M	5.00M	170.00M	721.00M
Tax	111.00M	162.00M	-1.00M	-32.00M	-96.00M	180.00M
Net profit	437.00M	633.00M	455.00M	62.00M	265.00M	541.00M
Basic EPS	0	1	1	0	0	1
Diluted EPS	0.47	0.68	0.50	0.06	0.28	0.60

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	6.11B	5.96B	8.52B	11.41B	9.88B	19.58B	9.89B	8.53B
Cash & ST investments	1.13B	952.00M	3.12B	2.99B	3.52B	9.85B	3.97B	1.56B
Inventory	1.36B	1.33B	1.63B	1.97B	2.64B	1.82B	2.30B	2.48B
Total assets	21.74B	22.41B	25.09B	26.17B	26.09B	32.82B	37.40B	37.19B
Total current liabilities	4.47B	4.47B	5.11B	6.63B	6.03B	6.98B	7.89B	7.11B
Short-term debt	--	400.00M	191.00M	183.00M	140.00M	51.00M	1.34B	468.00M
Long-term debt	--	82.00M	10.04B	9.51B	8.70B	14.24B	11.03B	11.37B
Total liabilities	7,468,000,000.00	7,971,000,000.00	18,515,000,000.00	19,078,000,000.00	18,010,000,000.00	23,817,000,000.00	23,008,000,000.00	23,062,000,000.00
Total equity	14.27B	14.44B	6.58B	7.09B	8.08B	9.01B	14.40B	14.13B
Retained earnings	--	0	1.64B	2.87B	5.87B	6.59B	11.48B	12.19B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	8.44B	9.13B	8.84B	8.53B	9.02B	9.41B
Cash & ST investments	1.70B	1.80B	1.42B	1.56B	1.37B	1.34B
Inventory	2.65B	2.89B	3.00B	2.48B	2.58B	2.76B
Total assets	36.45B	38.49B	38.08B	37.19B	37.19B	37.37B
Total current liabilities	7.01B	7.83B	7.75B	7.11B	8.59B	9.23B
Short-term debt	104.00M	107.00M	580.00M	468.00M	1.74B	1.64B
Long-term debt	11.08B	11.34B	11.34B	11.37B	10.42B	10.31B
Total liabilities	22,249,000,000.00	23,479,000,000.00	23,238,000,000.00	23,062,000,000.00	23,385,000,000.00	23,900,000,000.00
Total equity	14.20B	15.01B	14.84B	14.13B	13.80B	13.47B
Retained earnings	11.90B	12.29B	12.53B	12.19B	12.43B	12.54B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	2.06B	2.06B	1.69B	2.24B	1.74B	2.61B	563.00M	2.51B
Depreciation & amortization	357.00M	335.00M	336.00M	338.00M	328.00M	491.00M	1.23B	1.27B
Free cash flow	1.79B	1.82B	1.38B	1.89B	1.43B	2.17B	44.00M	2.12B
Dividends paid	0	0	-138.00M	-417.00M	-509.00M	-620.00M	-670.00M	-772.00M
Stock buybacks / issuance	--	0	0	-527.00M	-1.38B	-62.00M	-1.94B	-2.89B
Ending cash balance	1.13B	952.00M	3.12B	2.99B	3.30B	9.85B	3.97B	1.56B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	483.00M	649.00M	341.00M	1.04B	79.00M	927.00M
Depreciation & amortization	303.00M	317.00M	325.00M	329.00M	315.00M	314.00M
Free cash flow	420.00M	568.00M	224.00M	909.00M	-15.00M	810.00M
Dividends paid	-198.00M	-192.00M	-193.00M	-189.00M	-201.00M	-199.00M
Stock buybacks / issuance	-1.29B	-340.00M	-785.00M	-479.00M	-306.00M	-439.00M
Ending cash balance	1.70B	1.80B	1.42B	1.56B	1.37B	1.34B

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	19.65	12.68	19.48	25.56	48.66	16.42	49.25	10.64
ROA %	12.58	8.05	8.35	6.49	13.53	4.58	15.96	3.98
ROIC %	19.45	12.22	13.48	10.98	21.79	7.38	23.52	6.81
5-year avg ROE %	--	--	--	--	25.69	25.04	31.87	30.11
EBIT margin %	20.76	14.76	18.06	13.19	22.50	11.07	12.69	10.37
FCF / sales %	9.47	9.45	7.91	9.18	6.81	9.68	0.20	9.75
Current ratio	1.37	1.33	1.67	1.72	1.64	2.80	1.25	1.20
Quick ratio	0.98	0.96	1.28	0.89	1.14	1.71	0.84	0.59
Debt / assets	0.00	5.20	43.31	39.06	35.92	44.56	34.21	32.94
LT debt / equity	--	5.42	170.79	148.37	118.99	167.97	81.37	85.36
Interest coverage	46.74	36.63	10.58	8.52	15.21	6.76	4.92	4.93
Revenue CAGR (3Y) %	--	--	-0.67	2.91	-2.42	2.78	2.94	7.95
Net income CAGR (3Y) %	--	--	17.33	-15.25	18.65	-12.04	49.89	-25.12
FCF CAGR (3Y) %	--	--	-8.00	1.84	-7.81	16.25	-71.46	14.15

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	45.22	28.10	27.27	10.64	9.59	8.76
ROA %	14.88	10.14	10.17	3.98	3.56	3.22
ROIC %	22.02	15.49	15.41	6.81	6.50	6.10
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	13.97	14.69	13.36	10.37	8.58	8.12
FCF / sales %	2.36	2.41	5.11	9.75	7.71	8.72
Current ratio	1.20	1.17	1.14	1.20	1.05	1.02
Quick ratio	0.67	0.66	0.59	0.59	0.52	0.50
Debt / assets	31.88	30.88	32.41	32.94	33.81	33.16
LT debt / equity	83.10	80.10	81.05	85.36	80.56	81.81
Interest coverage	5.81	6.93	6.39	4.93	4.11	3.84
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Lead segment, long tail

Climate Solutions Americas (CSA) is the largest reported line at 53.09% of revenue, across 4 reported segments.
Climate Solutions Europe (CSE) follows at 20.85%, so the top line still matters most but isn’t the whole story.

Revenue breakdown most recent period

Business

Climate Solutions Americas (CSA)53.09%

Climate Solutions Europe (CSE)20.85%

Climate Solutions Asia Pacific, Middle East & Africa (CSAME)14.44%

Limate Solutions Transportation (CST)11.62%

Quote time 2026-10-08 08:24:14 · For reference only, not investment advice and not tailored to your situation.