CARRIER GLOBAL Corp
CARRIER GLOBAL Corp (CARR) is listed on NYSE and classified in Building Products & Equipment, part of the Industrials sector. It is headquartered in Palm Beach Gardens, United States and has 47,000 employees. The company is worth $46.56B and trades at 40.9x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $21.75B in fiscal 2025, down 3.3% from the year before. Net income was $1.48B. The share price is 26.4% below its 52-week high of $76.76. It pays a dividend yielding 1.70%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $294.09M. In that quarter, 3 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +1.6% over 5Y.
today you would have $1,127.78▲ +12.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 6 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Year-end price | $52.84 | $68.26 | $57.45 | $41.25 | $54.24 | $37.72 | |
| P/E | 22.9x | 30.7x | 11.1x | 36.4x | 10.1x | 29.0x | 16.8x |
| P/S | 2.1x | 2.0x | 2.6x | 2.7x | 2.0x | 2.3x | 1.9x |
| P/B | 4.6x | 3.1x | 4.1x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 24.3 among peers in the sector.
Median P/E of 22.9 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 0.0% a year against a 10.4% required return, from the stock’s beta.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| WCNWaste Connections, Inc. | $184.88 | 41.5x | 5.7x | 0.76% | 13.03% | $46.51B |
| WABWestinghouse Air Brake Technologies Corp | $276.47 | 35.9x | 4.1x | 0.45% | 12.24% | $46.7B |
| ROKRockwell Automation Inc | $423.87 | 41.1x | 13.5x | 1.30% | 30.63% | $47.17B |
| LHXL3harris Technologies Inc |
| 5.7x |
| 4.3x |
| 6.5x |
| 5.0x |
| EPS | $1.72 | $6.15 | $1.58 | $4.10 | $1.87 | $2.25 |
| Dividend yield | 1.22% | 1.28% | 1.16% | 1.30% | 1.54% | 0.94% | 0.74% |
| Payout | 21.38% | 39.24% | 12.93% | 47.15% | 15.49% | 27.27% | 12.44% |
| Profit margin | 9.87% | 6.82% | 24.92% | 7.12% | 20.44% | 8.25% | 11.49% |
| ROE | 27.24% | 10.50% | 38.93% | 14.98% | 43.76% | 23.98% | 30.50% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 4 families.
Room for errors in the reported numbers.
-52.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $254.23 |
| 24.9x |
| 2.4x |
| 1.97% |
| 9.34% |
| $47.34B |
| FIXComfort Systems USA Inc | $1,279.37 | 31.5x | 14.0x | 0.28% | 55.29% | $45.03B |
| FERGFerguson Enterprises Inc. | $227.31 | 22.4x | 7.1x | 1.57% | — | $43.97B |