Stock Analysis
Carrier Global CorporationCARR
P/E 37.16×· 5Y range 8.20–49.60×· 77th percentile of history
Sector: Industrials · Industry: Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
AnalystsBuy31 analystsP/E 37.2× sits at the 77th percentile of its 5.089664613278576-year history.
Cash covers 11% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, expensive valuation
Strengths
- Quality90
- Financial Health67
Risks
- Valuation42
- Growth31
Mixed fundamentals at a demanding price.
Bull Case
- ✓Interest coverage 14.3× — debt well covered
What's happening with CARR
Profile
Strong earnings quality; growth, profitability and valuation lag behind.
How is each axis scored?
- Valuation42/100 · Weak
- P/E vs own history (77th pct)5/25
- FCF yield (4.3%)12/25
- P/S (2.0x)20/25
- EV/EBIT (32.7x)5/25
- Growth31/100 · Weak
- Revenue CAGR (1.3%)6/25
- Net income CAGR (-2.8%)0/25
- EPS CAGR 5Y (-2.0%)0/25
- Fwd implied growth (116.9%)25/25
- Profitability35/100 · Weak
- ROIC (5.6%)5/25
- ROE (9.1%)12/25
- Net margin (5.5%)13/25
- Operating margin (7.8%)5/25
- Financial Health67/100 · Moderate
- Altman Z (2.04)18/25
- Current ratio (1.02)12/25
- Interest coverage (14.3x)25/25
- Net cash / debt (D/A 30%)12/25
- Quality90/100 · Strong
- Piotroski F (5/9)15/25
- Beneish M (-3.88)25/25
- FCF conversion (158%)25/25
- Margin stability (σ 3.0%)25/25
- Moat62/100 · Moderate
- ROIC >12% years (3/6 yrs)13/25
- Median gross margin (27.9%)6/25
- FCF-positive years (6/6 yrs)25/25
- Worst-year net margin (worst 6.1%)18/25
About Carrier Global Corporation
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. Show more
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) and commercial 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.
Headquarters: PALM BEACH GARDENS, FL · Employees: 47,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
42D+P/E (TTM)37.1xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 8.2x–49.6x · 77th pct
P/FCF23.8xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield4.3%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 0.8%–5.8% · 78th pct
P/S (TTM)2.05xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 1.4x–3.4x · 31st pct
EV/EBIT32.7xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 7.7x–41.5x · 89th pct
EV/Sales2.5xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E17.1xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio3.36xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio3.84D
Grade D: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield1.73%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio64.1%C
Grade C: HighDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
35DROIC5.6%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE9.1%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA3.3%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin5.5%C
Grade C: AverageNet Income / Revenue
Operating Margin7.8%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin52.4%A
Grade A: PremiumGross Profit / Revenue
FCF Margin8.7%C
Grade C: AverageFCF / Revenue
True FCF Margin8.4%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
31DRevenue CAGR1.3%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-2.8%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-2.0%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth116.9%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-7.4%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income5.2%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.3%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
67BAltman Z-Score2.04C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.02xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio0.72xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage14.3xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt Repayment5.7yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT6.4xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity0.92xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.11xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
90A+Piotroski F-Score5/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-3.88A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion158.0%A
Grade A: StrongFCF / Net Income
Margin Stability3.0%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue2.1%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.59xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Yildiz Beril Filed | Yildiz Beril | Option exercise | -1065 | |
Yildiz Beril Filed | Yildiz Beril | Tax withholding | -260 | |
Yildiz Beril Filed | Yildiz Beril | Option exercise | +1.1K | |
Barua Neil Filed | Barua Neil | Grant / award | +2.8K | |
Dryden Edward C. Filed | Dryden Edward C. | Option exercise | -6894 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Dryden Edward C. Filed | Dryden Edward C. | Tax withholding | -2147 | |
Dryden Edward C. Filed | Dryden Edward C. | Option exercise | +6.9K | |
Viessmann Maximilian Filed | Viessmann Maximilian | SellOpen market sale | -12094823 |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
62BROIC >12% Years3/6 yrsC
Grade C: ModerateShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)27.9%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years6/6 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor6.1%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$1.48
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$1.63
Cash & short-term investments per share (Finnhub)
Book Value / Share$15.94
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$12.39B
Total debt obligations (short + long term)
Cash & Equiv.$1.34B
Cash and short-term investments
Net Debt$11.05B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$13.47B
Shareholders' equity (book value)
Asset / Liability1.56xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$45.30B
Current Market Capitalization
Beta1.34C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Carrier Global Corporation (CARR)
Piotroski F-Score of 5/9 indicates mixed fundamentals for Carrier Global Corporation. Altman Z-Score of 2.04 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out.
- Beneish M-Score of -3.88 suggests a low likelihood of earnings manipulation.
- Takes ~5.7 years to repay net debt from free cash flow.
See how CARR ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all CARR moves →Frequently Asked Questions about CARR
What is the current Carrier Global Corporation (CARR) stock price?
CARR is trading at $55.00 at the last market close, up 0.07% on the session. PreMarketPrice tracks CARR pre-market, intraday and after-hours prices.
Is CARR stock a buy right now?
PreMarketPrice's quantitative model rates Carrier Global Corporation's financial health at 67/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is CARR stock overvalued?
Carrier Global Corporation trades at a trailing P/E of 37.1 and our valuation score rates it 42/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Carrier Global Corporation report earnings?
No confirmed earnings date is currently scheduled for CARR. The Earnings section lists recent reports and updates as dates are announced.
What sector does Carrier Global Corporation operate in?
Carrier Global Corporation operates in the Industrials sector, within the Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip industry. The Related Stocks section lists sector peers for comparison.
What does Carrier Global Corporation do?
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.
About Carrier Global Corporation (CARR) Stock
Carrier Global Corporation (CARR) is a US-listed stock operating in the Industrials sector, specifically the Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip industry. As of the latest update, Carrier Global Corporation is trading at $55.00, up 0.07% on the day with a market capitalization of $45.3 billion. The financial health score for CARR is 67/100, which indicates good financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for CARR stock.
CARR Stock Analysis & Key Metrics
On PreMarketPrice, you can track Carrier Global Corporation (CARR) across multiple dimensions:
- Pre-market price & movement: Real-time CARR stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for CARR with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Carrier Global Corporation across multiple reporting periods.
- Financial health score: A composite score of 67/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for CARR.
- Sector peers: Compare CARR against 6 other industrials stocks on key financial metrics.
Is CARR a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Carrier Global Corporation (CARR) as an investment. The financial health score of 67/100 suggests good financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Carrier Global Corporation (CARR) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.