CARR

Carrier Global Corporation

Fundamental data last updated:August 16, 2026

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company profile

SECTOR

Industrials

industry

Industrial - Machinery

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Carrier Global Corporation is a worldwide provider of advanced technological solutions covering heating, ventilation, and air conditioning (HVAC), refrigeration, fire safety, security, and intelligent building automation. Its operations are structured across three primary business segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment is dedicated to supplying products, controls, services, and complete solutions tailored to the heating, cooling, and ventilation requirements of both residential and commercial clients. Offerings in this area include air conditioning units, heating systems, various control mechanisms, aftermarket components, as well as post-installation repair, maintenance services, and building automation capabilities. The Refrigeration segment focuses on providing transport refrigeration and monitoring products and services. This includes digital solutions for diverse applications such as trucks, trailers, shipping containers, intermodal transport, food retail, and warehouse cooling. Additionally, it offers commercial refrigeration solutions like display cabinets, freezers, integrated systems, and their corresponding controls. The Fire & Security segment delivers a comprehensive suite of technologies for residential, commercial, and industrial environments. This encompasses detection systems for fire, flame, gas, smoke, and carbon monoxide; portable fire extinguishers; advanced fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its service portfolio further extends to auditing, design, installation, system integration, ongoing maintenance, repair, and monitoring services. The company markets its extensive product range under numerous brands, including Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, Supra, Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Riello, Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech. Established in 2019, Carrier Global Corporation maintains its corporate headquarters in Palm Beach Gardens, Florida.

 


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VALUATION

P/E

44.68

Market Cap ($M USD)

$58.22B

Forward P/E

15.68

PEG

0.08

PRICE TO SALES

2.66

PRICE TO BOOK

4.35

EV / EBITDA

21.95

5-Year Average P/E

Free Cash Flow Yield

2.85%

DCF Value

$43.64

Graham Number

$23.85

Price to FCF

35.10

EV to FCF

41.85

Earnings Yield

2.24%

FCF Yield

2.85%

DIVIDEND

Yield

1.33%

Annual Payout

$0.93

Payout Ratio

59.16%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.57

Next Year EPS Growth Estimate

$4.47

Next Year Revenue Growth Estimate

$26.61B

Return on Equity (ROE)

9.28%

FREE CASH FLOW

Operating Margin

7.24%

Debt-to-Equity

0.92

Piotroski F-Score

7

Altman Z-Score

2.73

Return on Invested Capital (ROIC)

5.54%

Current Ratio

1.05

Quick Ratio

0.75

Net Debt to EBITDA

3.54

Interest Coverage

4.60

Gross Profit margin

24.80%

FCF PER SHARE

$1.99

REVENUE PER SHARE

$26.19

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Gainseekers Quantitative Analysis

Summary

Carrier Global Corporation’s current valuation paints a complex picture. The stock traded significantly above its DCF value and Graham Number, suggesting a potential overvaluation. However, the Forward P/E of 16.18 indicates a more reasonable future outlook, while the Earnings Yield of 2.36% is lackluster. The Altman Z-score of 2.67 signals moderate financial health, implying neither distress nor robust safety. Overall, the market may be pricing in high growth expectations, but caution is warranted given the valuation discrepancies.

AI Exposure / Tech Reliance

Operating within the construction industry, Carrier Global is well-positioned to leverage AI and modern technology. As a leader in HVAC and refrigeration, the integration of smart systems and IoT could enhance operational efficiency and customer satisfaction. The company's ability to adapt to tech shifts will be crucial in maintaining its competitive edge.

The Bull Case

For the value-driven investor, Carrier Global offers compelling reasons to buy. The ROIC of 6.22% and a solid Piotroski F-Score of 7 reflect efficient capital use and strong financial health. Despite a modest FCF Yield of 2.99%, the company's operating margin of 8.14% suggests pricing power and operational efficiency. These metrics indicate a well-managed company capable of delivering consistent returns.

The Bear Case

Carrier Global faces significant structural risks that cannot be ignored. The Price/Book ratio of 4.15 and Price/Sales of 2.54 highlight a potentially overvalued stock, especially when juxtaposed with a low Earnings Yield. Additionally, the stock's proximity to its 52-week high suggests technical overextension. Investors should be wary of these valuation pressures, which could limit upside potential.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$69.00

Institutional Ownership %

1-Year Beta

1.31

Insider Buying % (6 Mo)

Distance to 52-Week High

15.68%

Distance to 52-Week Low

28.33%

EARNINGS SURPRISE %

12.20%

50-DAY SMA

$67.11

200-DAY SMA

$60.11

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.