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Carrier Global Corporation logo

Carrier Global Corporation

CARR

NYSEIndustrialsIndustrial - Machinery

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Previous close

$60.37

+$0.22 · +0.37%

Aug 21, 4:00 PM ET

CARR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

49

Fair Value

Momentum

54

Neutral

Sentiment

67

Bullish

Risk resilience

62

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
US

Market position

Day range

Current $60.37

52-week range

Current $60.37

Open
$60.86
Previous close
$60.15
Volume
5.08M
Market cap
49.76B USD
50-day average
$67.3168
-10.32% below average
200-day average
$61.2583
-1.45% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
55.46B USD
P/E (TTM)
41.54×
P/B (TTM)
3.82×
P/S (TTM)
2.25×
EV / EBITDA
15.71×
Earnings yield
3.35%
Free cash flow yield
3.83%
Dividend yield
1.57%

Profitability & efficiency

Gross margin
24.34%
Operating margin
7.05%
Net margin
5.52%
Return on equity
10.75%
Return on assets
3.99%
Return on invested capital
5.41%

Financial health

Debt / equity
0.94×
Current ratio
1.2×
Altman Z-score
2.47
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%22%13%5%Gross margin, FY2021: 29.01%Gross margin, FY2022: 24.86%Gross margin, FY2023: 27.24%Gross margin, FY2024: 26.60%Gross margin, FY2025: 25.86%Operating margin, FY2021: 12.83%Operating margin, FY2022: 11.01%Operating margin, FY2023: 10.88%Operating margin, FY2024: 9.33%Operating margin, FY2025: 8.77%Net margin, FY2021: 8.07%Net margin, FY2022: 20.44%Net margin, FY2023: 7.12%Net margin, FY2024: 24.92%Net margin, FY2025: 6.82%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.01%. Gross margin FY2022 24.86%. Gross margin FY2023 27.24%. Gross margin FY2024 26.60%. Gross margin FY2025 25.86%. Operating margin FY2021 12.83%. Operating margin FY2022 11.01%. Operating margin FY2023 10.88%. Operating margin FY2024 9.33%. Operating margin FY2025 8.77%. Net margin FY2021 8.07%. Net margin FY2022 20.44%. Net margin FY2023 7.12%. Net margin FY2024 24.92%. Net margin FY2025 6.82%.

Income trends

Revenue

21.75B USD-3.29%

Operating income

1.91B USD-9.10%

Net income

1.48B USD-73.52%
Income trends across reported periods24.6B USD16.14B USD7.69B USD−764.7M USDRevenue, FY2021: 20.61B USDRevenue, FY2022: 17.29B USDRevenue, FY2023: 18.95B USDRevenue, FY2024: 22.49B USDRevenue, FY2025: 21.75B USDOperating income, FY2021: 2.65B USDOperating income, FY2022: 1.9B USDOperating income, FY2023: 2.06B USDOperating income, FY2024: 2.1B USDOperating income, FY2025: 1.91B USDNet income, FY2021: 1.66B USDNet income, FY2022: 3.53B USDNet income, FY2023: 1.35B USDNet income, FY2024: 5.6B USDNet income, FY2025: 1.48B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 20.61B USD. Revenue FY2022 17.29B USD. Revenue FY2023 18.95B USD. Revenue FY2024 22.49B USD. Revenue FY2025 21.75B USD. Operating income FY2021 2.65B USD. Operating income FY2022 1.9B USD. Operating income FY2023 2.06B USD. Operating income FY2024 2.1B USD. Operating income FY2025 1.91B USD. Net income FY2021 1.66B USD. Net income FY2022 3.53B USD. Net income FY2023 1.35B USD. Net income FY2024 5.6B USD. Net income FY2025 1.48B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue21.75B USD22.49B USD18.95B USD17.29B USD20.61B USD
Cost of goods sold16.12B USD16.51B USD13.79B USD12.99B USD14.63B USD
Gross profit5.62B USD5.98B USD5.16B USD4.3B USD5.98B USD
Research and development625M USD686M USD493M USD416M USD503M USD
Selling, general, and administrative3.09B USD3.2B USD2.61B USD1.98B USD3.12B USD
Operating expenses3.72B USD3.88B USD3.1B USD2.39B USD3.34B USD
Interest income169M USD209M USD146M USD83M USD13M USD
Interest expense345M USD580M USD306M USD302M USD319M USD
Depreciation and amortization1.27B USD1.23B USD491M USD328M USD338M USD
Operating income1.91B USD2.1B USD2.06B USD1.9B USD2.65B USD
Net income1.48B USD5.6B USD1.35B USD3.53B USD1.66B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+6.08%
11 comparable reports
Latest EPS result
0.86
Estimate 0.82 · Beat by 5.26%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.970.740.520.29Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 0.54, estimate 0.503, surprise +7.36%, Beat. Q2 2025, reported May 1, 2025: actual 0.65, estimate 0.584, surprise +11.30%, Beat. Q3 2025, reported Jul 29, 2025: actual 0.92, estimate 0.906, surprise +1.55%, Beat. Q4 2025, reported Oct 28, 2025: actual 0.67, estimate 0.634, surprise +5.68%, Beat. Q1 2026, reported Feb 5, 2026: actual 0.34, estimate 0.375, surprise -9.31%, Miss. Q2 2026, reported Apr 30, 2026: actual 0.57, estimate 0.508, surprise +12.20%, Beat. Q3 2026, reported Jul 28, 2026: actual 0.86, estimate 0.817, surprise +5.26%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 0.781, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates6.61B5.93B5.26B4.58BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 5.15B USD, estimate 5.31B USD, surprise -2.97%, Miss. Q2 2025, reported May 1, 2025: actual 5.22B USD, estimate 5.19B USD, surprise +0.61%, Beat. Q3 2025, reported Jul 29, 2025: actual 6.11B USD, estimate 6.11B USD, surprise +0.07%, Beat. Q4 2025, reported Oct 28, 2025: actual 5.58B USD, estimate 5.65B USD, surprise -1.30%, Miss. Q1 2026, reported Feb 5, 2026: actual 4.84B USD, estimate 5.05B USD, surprise -4.25%, Miss. Q2 2026, reported Apr 30, 2026: actual 5.34B USD, estimate 5.01B USD, surprise +6.51%, Beat. Q3 2026, reported Jul 28, 2026: actual 6.35B USD, estimate 6.02B USD, surprise +5.53%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 5.97B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$74.75

23.82% upside
Past 12 months12-month forecastHigh $80.00Average $74.75Low $62.00

Rating distribution

26 ratings
Strong buy00%
Buy1454%
Hold1142%
Sell14%
Strong sell00%

Recent analyst actions

12 institutions
Evercore ISI GroupmaintainOutperform

CARR news

zacks.com

3 Air Conditioner & Heating Stocks to Buy as HVAC Demand Grows

Stocks like FIX, CARR and SPXC are likely to benefit from the Air Conditioner & Heating industry's pro-environmental moves and data center surge.

Read source
fool.com

Data Centers Don't Just Need Power -- They Need Cooling. Trane and Carrier Sell It.

Trane and Carrier are selling more cooling equipment to hyperscalers. That high-growth market shuld fuel their expansion over the next few years.

Read source
prnewswire.com

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Carrier Global Corporation - CARR

NEW YORK, Aug. 20, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Carrier Global Corporation ("Carrier" or the "Company") (NYSE: CARR). Such investors are advised to contact Danielle…

Read source
prnewswire.com

Sentinel Closes Sale of Spectrum Safety Solutions' Marioff Unit

/PRNewswire/ -- Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, today announced the sale of Marioff, a

Read source
globenewswire.com

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Carrier Global Corporation - CARR

NEW YORK, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Carrier Global Corporation (“Carrier” or the “Company”) (NYSE: CARR). Such investors are advised to contact…

Read source
schaeffersresearch.com

Why Carrier Global Stock Could Soon Bounce Back

Climate and energy solutions stock Carrier Global Corporation (NYSE:CARR) has taken a breather since its June 25 nearly 52-week high of $76.76, last seen flat at $62.73 today.

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.795

2024 complete year+55.9% since 2021

2026 partial: $0.72

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 21, 2026

$0.24

Quarterly

Record Jul 21, 2026 · Payment Aug 10, 2026

Dividend

Ex-dividend May 4, 2026

$0.24

Quarterly

Record May 4, 2026 · Payment May 22, 2026

Dividend

Ex-dividend Jan 20, 2026

$0.24

Quarterly

Record Jan 20, 2026 · Payment Feb 9, 2026

Dividend

Ex-dividend Oct 29, 2025

$0.225

Quarterly

Record Oct 29, 2025 · Payment Nov 18, 2025

Dividend

Ex-dividend Jul 21, 2025

$0.225

Monthly

Record Jul 21, 2025 · Payment Aug 8, 2025

Dividend

Ex-dividend May 2, 2025

$0.225

Quarterly

Record May 2, 2025 · Payment May 22, 2025

CARR peers

Caterpillar Inc. logo

CAT

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$827.9

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GE Aerospace logo

GE

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$348.37

+1.08%

RTX Corporation logo

RTX

RTX Corporation

$209.91

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GE Vernova Inc. logo

GEV

GE Vernova Inc.

$956.85

-0.95%

Union Pacific Corporation logo

UNP

Union Pacific Corporation

$308.05

+1.34%

Deere & Company logo

DE

Deere & Company

$647.47

+4.27%

ETFs holding CARR

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.55B
Weight
0.07%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
1.27B
Weight
0.07%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Mid-Cap ETF logoVanguard Morningstar Mid-Cap ETFVO
Market value
1.06B
Weight
0.47%
AUM
224.7B USD
Expense ratio
0.03%
Price / 1D
$82.97+0.53%
Capital Group Dividend Value ETF logoCapital Group Dividend Value ETFCGDV
Market value
937.41M
Weight
2.44%
AUM
38.47B USD
Expense ratio
0.33%
Price / 1D
$50.21+0.54%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
632.99M
Weight
0.07%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
584.03M
Weight
0.07%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Value ETF logoVanguard Morningstar Value ETFVTV
Market value
464.68M
Weight
0.18%
AUM
256.5B USD
Expense ratio
0.03%
Price / 1D
$226.4+0.54%
Vanguard Morningstar Mid-Cap Value ETF logoVanguard Morningstar Mid-Cap Value ETFVOE
Market value
313.97M
Weight
0.81%
AUM
38.6B USD
Expense ratio
0.05%
Price / 1D
$208.64+0.35%

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