38/100B54.380
USD
-0.05
(-0.09%)
Market Open
Last updated: · Delayed 15 min
If you had invested in Carrier Global ago, it would be worth $1,563 today, against $2,324 in SPY and $2,472 in QQQ.
Arincen ScoreWhat is the Arincen Score? The Arincen Score grades a company out of 100 from 30 checks on its own reported figures, five checks in each of six parts.Beta
38/100
Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.
Profitability2
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Cash8
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Valuation—
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Growth4
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Financial strength0
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Shareholders5
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Figures to FY2025; the price as of today.
Carrier Global key facts
- StyleWhat does a stock's style mean? The style label sorts a stock as growth, value, dividend, blend or speculative, with a 1 to 10 meter showing how strongly it fits.
- Speculative (losing money)
- Day range
- 54.020 – 55.100
- 52-week range
- 50.240 – 76.760
- Market capitalizationWhat is market capitalization? Market cap is what the stock market values a whole company at: its share price times the number of its shares outstanding.
- 44.49B USD
- EPSWhat is EPS (earnings per share)? EPS (earnings per share) is a company's net income divided by its number of shares: the profit that belongs to each share over a period.
- -2.21
- Div YieldWhat is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.
- 1.77%
- EPS growth forecast (FY2026)
- +11.1%
- Volume
- 46,176
- BetaWhat is beta in stocks? Beta measures how much a stock tends to move when the whole market moves: 1 moves with it, under 1 is calmer, over 1 swings more.
- 1.33
- ESG scoreWhat is an ESG score? An ESG score rates how a company handles the environment, its people and its governance, out of 100. Higher is better.
- 72.1/100Environment 79 · Social 69 · Governance 68
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- David L. Gitlin
- Employees
- 47K
- Website
- carrier.com
- IPO date
- 19 Mar 2020
Carrier Global earningsWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
Next earnings · Q4 FY2026
EPS estimate
0.57 USD
Revenue estimate
5.89B USD
Last quarter · Q3 FY2026
EPS0.87Beat +14.8%Revenue6.26BBeat +2.8%
Revenue
ReportedEstimate
EPS
ReportedEstimate
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2027 | 0.95 | — | — | +9.40% | 6.63B | — | — | +5.81% | |
| Q2 FY2027 | 1.00 | — | — | +16.07% | 6.82B | — | — | +7.38% | |
| Q1 FY2027 | 0.52 | — | — | -9.06% | 5.67B | — | — | +6.24% | |
| Q4 FY2026 | 0.57 | — | — | +67.65% | 5.89B | — | — | +21.69% | |
| Q3 FY2026 | 0.76 | 0.87 | +14.78% | +29.85% | 6.09B | 6.26B | +2.77% | +12.26% | |
| Q2 FY2026 | 0.82 | 0.86 | +5.26% | -6.52% | 6.02B | 6.35B | +5.53% | +3.89% | |
| Q1 FY2026 | 0.51 | 0.57 | +12.20% | -12.31% | 5.01B | 5.34B | +6.51% | +2.36% | |
| Q4 FY2025 | 0.37 | 0.34 | -9.31% | -37.04% | 5.05B | 4.84B | -4.25% | -6.04% | |
| Q3 FY2025 | 0.63 | 0.67 | +5.68% | -19.28% | 5.65B | 5.58B | -1.30% | -6.77% | |
| Q2 FY2025 | 0.91 | 0.92 | +1.55% | +5.75% | 6.11B | 6.11B | +0.07% | -8.61% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 3.62 | — | — | +13.92% | 26.76B | — | — | +6.02% |
| FY2027 | 3.18 | — | — | +10.92% | 25.25B | — | — | +5.99% |
| FY2026 | 2.87 | — | — | +11.11% | 23.82B | — | — | +9.52% |
| FY2025 | 2.60 | 2.58 | -0.93% | -9.79% | 21.90B | 21.75B | -0.70% | -9.40% |
| FY2024 | 2.52 | 2.86 | +13.43% | +4.76% | 22.59B | 24.00B | +6.24% | +8.62% |
| FY2023 | 2.71 | 2.73 | +0.57% | +17.17% | 22.22B | 22.10B | -0.56% | +8.21% |
| FY2022 | 2.34 | 2.33 | -0.41% | +2.64% | 20.42B | 20.42B | -0.02% | -0.93% |
Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved
Carrier Global analyst forecastWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
12-month price target
68.40 USD
+25.78%
Analysts' 1-year price targets range from 61.00 to 80.00, with an average of 68.40.
Past year
1-year forecast
Strong sellStrong buy
Buy
13 ratings
| Buy | 8 | |
| Hold | 5 | |
| Sell | 0 |
12-month price target
| Highest target | 80.00 |
| Average target | 68.40 |
| Lowest target | 61.00 |
| Current price | 54.38 |
Carrier Global valuationWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 18.97
- Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.
- 1.95
- Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.
- 4.43
- EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.
- 230.18
Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.
Market capitalization
44.49B USD
+
Total debt
11.88B USD
−
Cash and short-term investments
1.35B USD
=
Enterprise value
55.01B USD
Valuation over time
P/EForward P/EForward P/E · Estimate
Carrier Global against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: Rockwell Automation, PACCAR, Ingersoll Rand, Cummins, Otis Worldwide, and Honeywell International, the US Industrial - Machinery companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- Gross marginBelow its median25.9%24.9%29.0%Against its peers: 5 of 7Peers' median 33.6%
- Operating marginLowest in 5 years8.8%8.8%12.8%Against its peers: 7 of 7Peers' median 16.2%
- Net marginLowest in 5 years6.8%6.8%24.9%Against its peers: 7 of 7Peers' median 9.0%
- Return on equityLowest in 5 years10.8%10.8%45.6%Against its peers: 5 of 6Peers' median 23.0%
- Free cash flow marginBelow its median7.8%0.2%11.4%Against its peers: 6 of 7Peers' median 12.6%
- Revenue growthBelow its median-3.3%-16.1%18.7%Against its peers: 6 of 7Peers' median 3.5%
- EPS growthLowest in 5 years-72.4%-72.4%277.3%Against its peers: 7 of 7Peers' median -21.6%
- Debt to EBITDAAt its median3.59×2.10×5.23×Against its peers: 4 of 7Peers' median 3.41×
- Current ratioLowest in 5 years1.201.202.80Against its peers: 6 of 7Peers' median 1.91
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
Carrier Global growth and profitabilityWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 22.79B USD
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- -1.80B USD
- Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
- 24.64%
- Operating margin
- -5.30%
- Net margin
- -7.90%
Revenue / Net income
Revenue Net income Net margin
Carrier Global revenue breakdown
By product
FY2025
88.2%Product11.8%Service
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Product | 19.17B | 88.2% | -4.1% |
| Service | 2.57B | 11.8% | +3.1% |
By region
FY2025
51.2%United States28.0%Europe17.7%Asia Pacific3.1%Other Geographical Region
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| United States | 11.14B | 51.2% | -1.4% |
| Europe | 6.09B | 28.0% | -8.9% |
| Asia Pacific | 3.84B | 17.7% | +0.6% |
| Other Geographical Region | 678.00M | 3.1% | -1.5% |
How Carrier Global makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
Product19.17B 88.2%
Service2.57B 11.8%
Revenue21.75B 100.0%
Cost of revenue16.12B 74.1%
Gross profit5.62B 25.9%
Research and development625.00M 2.9%
Selling and administration3.09B 14.2%
Operating income1.91B 8.8%
Tax240.00M 1.1%
Other expense183.00M 0.8%
Net income1.48B 6.8%
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
Carrier Global dividendsWhat is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.
- Annual dividend
- 0.96 USD
- Dividend yield (indicated)What is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.
- 1.77%
- Years of dividend growthWhat are years of dividend growth? The years in a row a company has raised its dividend per share. 25 years make an S&P 500 company a Dividend Aristocrat; 50 make a Dividend King.
- 6
- Frequency
- Quarterly
- Next payment
- 0.24 USD
- Last ex-dividend dateWhat is the ex-dividend date? The ex-dividend date is the first day a stock trades without its next dividend: buy before it to receive the payment; buy on or after it and the seller gets it.
- 29 Oct 2026
- Next payment date
- 18 Nov 2026
Dividends per share
Carrier Global financial health
- Cash and short-term investments
- 1.35B USD
- Total debt
- 11.88B USD
- Net cash
- -10.52B USD
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- 2.35B USD
- Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.
- 1.00
- Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
- 1.18
- Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.
- 6 / 9
- Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.
- 2.10
Cash, debt and free cash flow
Cash and short-term investments Total debt Free cash flow
Carrier Global ownershipWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.
- InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.
- 87.59%
- Institutional holders
- 1,711 (+152)
- Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.
- 95.23%
Who owns the shares
Institutions 87.6% Others 12.4%
As of 30 Jun 2026
Shares free to trade
Free float 779.10M shares ·95.2% Closely held 39.06M shares ·4.8%
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q4 2026 | 0 | 0 | 190.67K | 91.39K |
| Q3 2026 | 0 | 0 | 9.73K | 9.04K |
| Q2 2026 | 0 | 1 | 93.05K | 12.17M |
| Q1 2026 | 0 | 0 | 1.16M | 73.40K |
Shares outstanding
Basic shares Diluted shares Change in diluted shares
Source: Financial Modeling PrepVerified against SEC filings
Title: Carrier Global Corp
Sector: Industrials
Industry: Industrial - Machinery
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier's fire and security (Honeywell) andcommercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.