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CARRIER GLOBAL Corp CARR

NYSE · stock · Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip · website · IPO 2020-03-17 · LEI

CARRIER GLOBAL Corp statistics & valuation

Market cap$61.1B
P / E41.2×
P / S2.8×
P / B4.3×
Dividend yield1.26%
Net margin6.8%
Return on equity10.5%
Net debt$9.8B
Net debt / EBITDA2.8×
Enterprise value USD$70.9B
EV / EBITDA20.6×
Earnings yield EBIT/EV3.1%
Return on capital7.2%
Graham number -60.1%$25.18

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($25.18); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
20.40% 7.10% 24.90% 6.80% 2019202020212022202320242025
Gross margin (%)
2019202020212022202320242025
Operating margin (%)
13.40% 17.70% 12.80% 23.00% 11.40% 11.80% 10.00% 2019202020212022202320242025
Return on equity (%)
43.80% 15.00% 38.90% 10.50% 2019202020212022202320242025
Shares outstanding
866.2M 880.2M 890.3M 861.2M 853.0M 911.7M 862.4M 2019202020212022202320242025
Net debt ($)
-$633.0M $7.11B $6.53B $5.40B $4.39B $7.06B $9.81B 2019202020212022202320242025
Share buybacks ($)
2019202020212022202320242025
Return on assets (%)
13.50% 4.10% 15.00% 4.00% 2019202020212022202320242025
Free cash flow margin (%)
2019202020212022202320242025
Debt / equity (×)
0.02× 1.55× 1.34× 1.08× 1.58× 0.77× 0.80× 2019202020212022202320242025
EPS ($)
$2.44 $2.25 $1.87 $4.10 $1.58 $6.15 $1.72 2019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CARRIER GLOBAL Corp trades at about 36.7× earnings — above its 10-year norm (10-year range 10.6×–34.6×, median 25.5×).

10.6× 36.7×

Shaded band = 10-year range (10.6×–34.6×); dot = today's 36.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating margin10.0%11.8%11.4%23.0%12.8%17.7%13.4%
Net margin6.8%24.9%7.1%20.4%———
Return on assets4.0%15.0%4.1%13.5%———
Return on equity10.5%38.9%15.0%43.8%———
Debt / equity0.80×0.77×1.58×1.08×1.34×1.55×0.02×
Current ratio1.201.252.801.641.721.671.33

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.