Carrier Global Corp

CARR · NYSE · Industrials / Building Products & Equipment

54.20USD-0.17 (-0.31%)

Price History

Full chart

Market Stats

Previous Close54.37

Open55.12

Day Range54.02 – 55.12

52-Week Range49.67 – 76.49

Volume4.73M

Market Cap46.36B

P/E (TTM)40.75

Forward P/E16.98

EPS1.38

Dividend Yield1.71%

Beta1.29

50-Day Avg56.96

200-Day Avg61.79

About

Carrier Global Corporation provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally. It operates through four segments: Climate Solutions Americas; Climate Solutions Europe; Climate Solutions Asia Pacific, Middle East & Africa; and Climate Solutions Transportation. The company provides air conditioners, heating systems, heat pumps, home and building energy management systems, automation systems, aftermarket components, and repair and maintenance and rental services, as well as modernization and upgrades to meet the heating, cooling, and ventilation needs of residential and commercial customers. It also offers transport refrigeration and monitoring products, services, and digital solutions for trucks, trailers, shipping containers, and intermodal and rail applications. The company offers its products under the Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

Company Details

SectorIndustrials
IndustryBuilding Products & Equipment
CEOMr. David L. Gitlin
Employees47.00K
Headquarters13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418, USA
Websitehttps://www.carrier.com

Leadership

Mr. David L. GitlinChairman & CEO · b. 1969
Mr. Patrick P. GorisExecutive VP and Chief Financial & Strategy Officer · b. 1972
Mr. Gaurang Pandya ACCA, B.Com (H)President of Climate Solutions Americas & Europe Commercial · b. 1977
Mr. Edward DrydenPresident of Climate Solutions Transportation · b. 1979
Mr. Michael Lotfy GiergesPresident of Climate Solutions Asia Pacific, Middle East & Africa · b. 1985
Mr. Machiel DuijserSenior Vice President of Operations · b. 1973
Ms. Beril YildizVP, Controller & Chief Accounting Officer · b. 1979
Mr. Timothy N. WhiteSenior VP of Engineering & Technology · b. 1974
Mr. Michael S. Rednor C.F.A.Vice President of Investor Relations
Ms. Nadia VilleneuveSenior VP and Chief People & Communications · b. 1974

Financials

Income Statement

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	17.81B	18.91B	18.61B	17.46B	20.61B	17.29B	22.10B	22.49B	21.75B
Growth (%)	-	+6.17%	-1.62%	-6.19%	+18.09%	-16.13%	+27.82%	+1.76%	-3.29%
Cost of Revenue	12.63B	13.35B	13.19B	12.35B	14.63B	12.99B	15.71B	16.50B	16.12B
Gross Profit	5.18B	5.57B	5.42B	5.11B	5.98B	4.30B	6.38B	5.98B	5.62B
Gross Margin	29.11%	29.44%	29.12%	29.27%	29.01%	24.86%	28.88%	26.60%	25.86%
Operating Expense	2.15B	1.93B	2.93B	2.03B	3.33B	2.39B	4.09B	3.88B	3.72B
Operating Income	3.03B	3.64B	2.49B	3.08B	2.65B	1.90B	2.30B	2.10B	1.91B
Operating Margin	17.01%	19.23%	13.39%	17.66%	12.83%	11.01%	10.39%	9.33%	8.77%
EBITDA	3.65B	4.28B	2.59B	3.49B	2.69B	4.45B	2.30B	4.09B	3.53B
EBITDA Margin	20.46%	22.64%	13.93%	19.99%	13.07%	25.76%	10.39%	18.17%	16.23%
Net Income	1.23B	2.73B	2.12B	1.98B	1.66B	3.53B	1.44B	5.60B	1.48B
Net Income Margin	6.89%	14.45%	11.37%	11.35%	8.07%	20.44%	6.52%	24.92%	6.82%
R&D	364.00M	400.00M	401.00M	419.00M	503.00M	416.00M	617.00M	686.00M	625.00M
R&D as % of Total Revenue	2.04%	2.11%	2.15%	2.40%	2.44%	2.41%	2.79%	3.05%	2.87%
Interest Expense	219.00M	84.00M	75.00M	298.00M	319.00M	302.00M	211.00M	580.00M	345.00M
Interest Expense % of Total Revenue	1.23%	0.44%	0.40%	1.71%	1.55%	1.75%	0.95%	2.58%	1.59%

Balance Sheet

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	21.98B	21.74B	22.41B	25.09B	26.17B	26.09B	32.82B	37.40B	37.19B
Total Liabilities	7.20B	7.47B	7.97B	18.52B	19.08B	18.01B	23.82B	23.01B	23.06B
Total Equity	14.41B	13.92B	14.10B	6.25B	6.77B	7.76B	8.68B	14.08B	13.80B
Cash	1.32B	1.13B	952.00M	3.12B	2.99B	3.52B	9.85B	3.97B	1.55B
Total Debt	158.00M	287.00M	682.00M	11.03B	10.22B	9.37B	14.63B	12.71B	12.67B
Net Debt	-1.17B	-842.00M	-270.00M	7.92B	7.24B	5.85B	4.77B	8.74B	11.11B

Cash Flow

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	2.10B	2.06B	2.06B	1.69B	2.24B	1.74B	2.61B	563.00M	2.09B
Investing Cash Flow	271.00M	415.00M	-259.00M	1.11B	-692.00M	1.75B	-660.00M	-2.02B	-343.00M
Financing Cash Flow	-2.19B	-2.63B	-1.98B	-681.00M	-1.56B	-2.93B	4.61B	-4.64B	-4.67B
Capital Expenditure	326.00M	263.00M	243.00M	312.00M	344.00M	353.00M	439.00M	519.00M	392.00M
Free Cash Flow	1.77B	1.79B	1.82B	1.38B	1.89B	1.39B	2.17B	44.00M	1.70B
Dividends Paid	138.00M	138.00M	138.00M	138.00M	417.00M	509.00M	620.00M	670.00M	772.00M
FCF to OCF	84.46%	87.20%	88.22%	81.56%	84.62%	79.75%	83.16%	7.82%	81.24%
Dividend Paid to FCF	7.79%	7.70%	7.58%	10.00%	22.03%	36.62%	28.60%	1522.73%	45.49%

Earnings

Report Date	Feb 7, 2020	May 8, 2020	Jul 30, 2020	Oct 29, 2020	Feb 9, 2021	Apr 29, 2021	Jul 29, 2021	Oct 28, 2021	Feb 8, 2022	Apr 28, 2022	Jul 28, 2022	Oct 27, 2022	Feb 7, 2023	Apr 25, 2023	Jul 27, 2023	Oct 26, 2023	Feb 6, 2024	Apr 25, 2024	Jul 25, 2024	Oct 24, 2024	Feb 11, 2025	May 1, 2025	Jul 29, 2025	Oct 28, 2025	Feb 5, 2026	Apr 30, 2026	Jul 28, 2026	Oct 27, 2026	Oct 29, 2026
EPS Estimate	0.00	0.33	0.25	0.46	0.36	0.37	0.55	0.66	0.39	0.47	0.62	0.65	0.40	0.48	0.77	0.79	0.51	0.50	0.85	0.79	0.48	0.58	0.90	0.57	0.36	0.51	0.83	0.81	0.81
EPS Actual	0.54	0.35	0.33	0.67	0.31	0.48	0.64	0.71	0.44	0.54	0.69	0.70	0.40	0.52	0.79	0.89	0.53	0.62	0.87	0.77	0.54	0.65	0.92	0.67	0.34	0.57	0.86	-	-
Surprise	-	6.06%	32.00%	45.65%	-13.89%	29.73%	16.36%	7.58%	12.82%	14.89%	11.29%	7.69%	0.00%	8.33%	2.60%	12.66%	3.92%	24.00%	2.35%	-2.53%	12.50%	12.07%	2.22%	17.54%	-5.56%	11.76%	3.61%	-	-
Timing	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap46.36B

Enterprise Value58.25B

Trailing P/E40.75

Forward P/E16.98

PEG Ratio1.12

Price / Sales2.10

Price / Book3.59

EPS1.38

Book Value15.94

Revenue (TTM)22.11B

Gross Profit (TTM)5.46B

EBITDA3.09B

Profit Margin5.52%

Operating Margin13.07%

Return on Equity8.97%

Return on Assets2.98%

Shares Outstanding824.33M

Shares Float784.08M

Beta1.29

Dividend Yield1.71%

Dividend Rate0.96

Payout Ratio39.34%

Analyst Ratings

Buy

Based on 26 analystsTarget 73.01

Strong Buy
11
Buy
2
Hold
13

Ownership Breakdown

Institutions: 89.93%
Insiders: 4.76%
Retail / Other: 5.31%

Top Institutional Holders

Capital Research Global Investors
106.07M12.87%
BlackRock Inc
67.18M8.15%
Vanguard Capital Management, LLC
51.28M6.22%
Vanguard Portfolio Management, LLC
36.57M4.44%
JPMorgan Chase & Co
34.49M4.18%
State Street Corp
34.39M4.17%
Dodge & Cox
27.48M3.33%
Capital World Investors
19.33M2.35%
Geode Capital Management, LLC
17.70M2.15%
Fisher Asset Management, LLC
13.05M1.58%
Morgan Stanley - Brokerage Accounts
10.96M1.33%

Top Fund Holders

American Funds American Mutual A
28.53M3.46%
American Funds Invmt Co of Amer A
27.35M3.32%
Vanguard MStar Total Stk Mkt Idx Invest
24.86M3.02%
Vanguard 500 Index Investor
21.67M2.63%
Dodge & Cox Stock I
19.21M2.33%
Vanguard MStar Mid Cap Index Instl
16.77M2.03%
Capital Group Dividend Value ETF
15.97M1.94%
iShares Core S&P 500 ETF
10.98M1.33%
Fidelity 500 Index
10.13M1.23%

Dividends

20264×

0.24Oct 29, 20260.24Jul 21, 20260.24May 4, 20260.24Jan 20, 2026

20253×

0.23Oct 29, 20250.23Jul 21, 20250.23May 2, 2025

20244×

0.23Dec 20, 20240.19Oct 25, 20240.19Jun 21, 20240.19May 2, 2024

20234×

0.19Dec 20, 20230.18Oct 26, 20230.18Jun 22, 20230.18May 4, 2023

20224×

0.18Dec 21, 20220.15Oct 27, 20220.15Jun 22, 20220.15Apr 28, 2022

20214×

0.15Dec 22, 20210.12Oct 28, 20210.12Jun 23, 20210.12Apr 30, 2021

20201×

0.12Dec 22, 2020