# Carrier Global Corporation (CARR) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Industrials / Building Products. Price $55.37, market value $45.3 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Carrier Global Corporation reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 4.5×**. The shares trade at 4.5× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 5.2%** (5-yr avg 3.6%). Free cash flow equals 5.2% of the market value, above its five-year average of 3.6%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Operating margin: -4.8%**. Operating margin is negative: the business loses money before interest and tax.
- **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: -3.5%**. Return on all capital, debt included, is -3.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -4.8%**. Each dollar of assets produces -4.8% 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.
- **Current ratio: 1.20** (quick 1.20). Current assets cover the next year's liabilities 1.20 times.
- **Altman Z-score: 2.53**. A Z-score of 2.53 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.73%** ($0.96 per share, trailing). Carrier Global Corporation yields 1.73%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 52%** (33% 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** (23 analysts). 23 analysts cover Carrier Global Corporation; the consensus is buy, with an average price target of $69.44 (+25% 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): -6.2%** (YTD 5.6%, 3-mo -12.7%). The shares are down 6.2% over twelve months including dividends.
- **From 52-week high: -27.9%** (10.2% above the low). Trading 28% 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): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 1.26** (volatility 35%). Beta of 1.26 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.