Stocks · Industrials · Industrial - Machinery
Carrier Global Corporation CARR
$55.73 +1.11% Close, Oct 5, 2026 · NYSE · Market cap $45.44B
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $1.44, down 67.9% year over year.
- Net debt is 4.0× EBITDA, a high level of leverage.
- The shares trade at 38.7× trailing earnings, higher than 86% of the company's own readings over the past five years.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
Growth36Weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 17%
- EPS growth (TTM, YoY)Bottom 14%
- FCF growth (TTM, YoY)Top 8%
- Revenue growth, 3-year CAGRTop 36%
- Revenue growth accelerationBottom 36%
Quality39Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 46%
- Gross marginBottom 39%
- Operating marginBottom 50%
- Cash conversion (OCF / net income)Top 34%
- Accruals (lower is better)Bottom 39%
- Net debt / EBITDA (lower is better)Bottom 21%
- Interest coverTop 45%
Value42Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 49%
- Free-cash-flow yieldTop 38%
- EBITDA / enterprise valueBottom 41%
- Sales / enterprise valueBottom 42%
- P/E vs own 5-year history (lower is better)Bottom 22%
Momentum35Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 39%
- 6-month returnBottom 47%
- 1-year return vs S&P 500Bottom 38%
- Distance from 52-week highBottom 45%
- Trend checklist (0–4)Bottom 16%
Revisions45Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 44%
- Consecutive EPS beatsTop 45%
- Share of analysts rating BuyBottom 43%
- Upside to consensus price targetTop 50%
Stability53Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 26%
- Maximum drawdown, 3 yearsTop 31%
- Beta vs S&P 500 (lower is better)Bottom 45%
- Net debt / EBITDA (lower is better)Bottom 21%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -1.9% | -1.6% | ↑ |
| EPS growth (YoY) | -75.7% | -67.9% | ↑ |
| Gross margin | 27.8% | 24.3% | ↓ |
| Operating margin | 11.1% | 7.1% | ↓ |
| FCF margin | 2.4% | 8.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -1.6% | -1.9% | ↑ | Bottom 17% |
| EPS growth (TTM, YoY) | -67.9% | -75.7% | ↑ | Bottom 14% |
| Gross margin | 24.3% | 27.8% | ↓ | Bottom 39% |
| Operating margin | 7.1% | 11.1% | ↓ | Bottom 50% |
| Net margin | 5.5% | 17.8% | ↓ | — |
| Free-cash-flow margin | 8.6% | 2.4% | ↑ | — |
| Return on invested capital | 5.0% | — | Bottom 46% | |
| Revenue growth, 3-year CAGR | 7.9% | — | Top 36% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.93×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -2.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 4.03×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 4.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.72%
- Net buyback yield (TTM)
- 4.42%
- Shareholder yield
- 6.14%
- Share count change, 1 year
- -3.1%
- Share count change, 3-year CAGR
- -0.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +3.5%
- Average 2-day reaction, last 8
- -1.2%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $73.33
- Target vs current price
- +31.6%
- Analysts with a rating
- 26
- Share rating Buy or Strong Buy
- 54%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +5.3% | -8.9% | -8.9% | -13.5% | — |
| Apr 30, 2026 | +12.2% | +8.8% | +10.0% | +3.4% | +12.3% |
| Feb 5, 2026 | -9.3% | -0.7% | +5.6% | -5.0% | +6.4% |
| Oct 28, 2025 | +5.7% | +0.8% | -0.7% | -11.2% | -1.7% |
| Jul 29, 2025 | +1.5% | -10.6% | -17.0% | -17.7% | -25.4% |
| May 1, 2025 | +11.3% | +11.6% | +11.9% | +14.2% | +28.2% |
| Feb 11, 2025 | +7.4% | -1.6% | +0.5% | -0.9% | +5.7% |
| Oct 24, 2024 | +2.9% | -8.8% | -7.9% | -6.8% | -12.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $0.86 | $0.82 | +5.3% | $6.35B |
| Apr 30, 2026 | $0.57 | $0.51 | +12.2% | $5.34B |
| Feb 5, 2026 | $0.34 | $0.37 | -9.3% | $4.84B |
| Oct 28, 2025 | $0.67 | $0.63 | +5.7% | $5.58B |
| Jul 29, 2025 | $0.92 | $0.91 | +1.5% | $6.11B |
| May 1, 2025 | $0.65 | $0.58 | +11.3% | $5.22B |
| Feb 11, 2025 | $0.54 | $0.50 | +7.4% | $5.15B |
| Oct 24, 2024 | $0.83 | $0.81 | +2.9% | $5.98B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 38.7× | 19.1× | 86th | Bottom 49% |
| P/E (forward) | 19.3× | — | — | — |
| EV / EBITDA | 20.6× | — | — | Bottom 41% |
| EV / Sales | 2.56× | — | — | Bottom 42% |
| Free-cash-flow yield | 4.18% | — | — | Top 38% |
| Earnings yield | 2.58% | — | — | Bottom 49% |
P/E over the past five years
Range 9.1× – 43.9× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -5.4%
- Earnings per share growth (TTM)
- -67.9%
- Change in P/E multiple
- +174.1%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -8.5%
- 200-day average slope (20 days)
- +0.4%
- Distance from 50-day average
- -5.9%
- Distance from 200-day average
- -9.6%
- RSI (14)
- 43.6
- Relative volume
- 0.67×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 31.4%
- Volatility vs own 5-year history
- 58th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.10
- Correlation with S&P 500
- 0.48
- Current drawdown from 1-year high
- -26.7%
- Maximum drawdown, 3 years
- -39.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Aug 27, 2021 | Oct 20, 2022 | -41.6% | 289 days | 192 days (Jul 28, 2023) |
| Oct 14, 2024 | Nov 20, 2025 | -39.1% | 277 days | Not yet recovered |
| Aug 1, 2023 | Oct 26, 2023 | -22.4% | 61 days | 100 days (Mar 21, 2024) |
| Jan 12, 2021 | Mar 4, 2021 | -14.9% | 35 days | 17 days (Mar 29, 2021) |
| Mar 21, 2024 | Apr 18, 2024 | -10.8% | 19 days | 6 days (Apr 26, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $45.44B
- P/E (TTM)
- 38.7
- EPS, diluted (TTM)
- $1.44
- Revenue (TTM)
- $22.11B
- Dividend yield
- 1.70%
- 52-week range
- $50.24 – $76.76
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $20.61B | $17.29B | $18.95B | $22.49B | $21.75B |
| Gross profit | $5.98B | $4.30B | $5.16B | $5.98B | $5.62B |
| Operating income | $2.65B | $1.90B | $2.06B | $2.10B | $1.91B |
| Net income | $1.66B | $3.53B | $1.35B | $5.60B | $1.48B |
| EPS (diluted) | $1.87 | $4.10 | $1.63 | $6.15 | $1.70 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.98B | $5.15B | $5.22B | $6.11B | $5.58B | $4.84B | $5.34B | $6.35B |
| Net income | $447.0M | $2.55B | $412.0M | $591.0M | $428.0M | $53.0M | $238.0M | $501.0M |
| EPS (diluted) | $0.49 | $2.82 | $0.47 | $0.70 | $0.50 | $0.06 | $0.28 | $0.60 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.24B | $1.74B | $2.61B | $563.0M | $2.09B |
| Capital expenditure | -$344.0M | -$317.0M | -$439.0M | -$519.0M | -$392.0M |
| Free cash flow | $1.89B | $1.43B | $2.17B | $44.0M | $1.70B |
| Dividends paid | -$417.0M | -$509.0M | -$620.0M | -$670.0M | -$772.0M |
| Net share buybacks | -$527.0M | -$1.38B | -$62.0M | -$1.94B | -$2.89B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.34B
- Total assets
- $37.37B
- Total liabilities
- $23.90B
- Total debt
- $12.39B
- Net debt
- $11.05B
- Shareholders’ equity
- $13.15B
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Jul 21, 2026 | $0.24 | Aug 10, 2026 |
| May 4, 2026 | $0.24 | May 22, 2026 |
| Jan 20, 2026 | $0.24 | Feb 9, 2026 |
| Oct 29, 2025 | $0.23 | Nov 18, 2025 |
| Jul 21, 2025 | $0.23 | Aug 8, 2025 |
| May 2, 2025 | $0.23 | May 22, 2025 |
| Dec 20, 2024 | $0.23 | Feb 7, 2025 |
| Oct 25, 2024 | $0.19 | Nov 18, 2024 |
Short interest
- Shares sold short
- 15,860,118
- Days to cover
- 2.62
- Change vs previous report
- +3.7%
FINRA short interest, settlement date Sep 15, 2026.