# Carrier Global Corporation Common Stock (CARR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Building Products. Price $59.71, market value $49.2 billion.

## Valuation
- **P/E (trailing): 42.6×** (5-yr avg 22.6×, 3-yr avg 25.5×). Carrier Global Corporation Common Stock trades at 42.6× trailing earnings, well above its own five-year average of 22.6×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 18.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.2×**. Each dollar of revenue is priced at 2.2×.
- **Price / book: 3.7×**. The shares trade at 3.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 19.6×**. Enterprise value is 19.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 3.9%** (5-yr avg 3.6%). Free cash flow equals 3.9% of the market value, in line with its five-year average of 3.6%.
- **Earnings yield: 2.3%**. The inverse of the P/E: 2.3% of the price is earned each year.

## Profitability
- **Operating margin: 7.5%**. 7.5% of revenue is left after running the business.
- **Net margin: 6.8%**. 6.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.5%**. 10.5% on shareholders' equity is solid.
- **Return on invested capital: 5.4%**. Return on all capital, debt included, is 5.4%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 3.3%**. Each dollar of assets produces 3.3% of profit.

## Growth
- **Revenue growth (1 yr): -3.3%** (3-yr 7.9%/yr, 5-yr 4.5%/yr). Revenue fell 3.3% over the last year, against 4.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -72.0%** (3-yr -25.1%/yr, 5-yr -5.2%/yr). Earnings per share fell 72.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 14.1%/yr**. Free cash flow has compounded at 14.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.84**. Debt is 0.84 times equity, moderate leverage.
- **Net debt / EBITDA: 3.4×**. It would take 3.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 2.59**. A Z-score of 2.59 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.61%** ($0.94 per share, trailing). Carrier Global Corporation Common Stock yields 1.61%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 52%** (41% of free cash flow). 52% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 19.2%/yr** (1-yr -15.1%). The dividend has compounded at 19.2% a year over five years, doubling roughly every 4 years at that pace.

## Analyst view
- **Analyst consensus: buy** (21 analysts). 21 analysts cover Carrier Global Corporation Common Stock; the consensus is buy, with an average price target of $77.82 (+30% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -4.6%** (YTD 14.3%, 3-mo -10.8%). The shares are down 4.6% over twelve months including dividends.
- **From 52-week high: -22.2%** (18.8% above the low). Trading 22% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 1.25** (volatility 35%). Beta of 1.25 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CARR · Page: https://foliofundamentals.com/stocks/carr

Not investment advice.