US · USD

CARR

Carrier Global Corp

US$55.22+0.66% (US$0.36)
Day's range
US$54.00 – US$55.24
Day's volume
US$405.3m
52-week range
US$49.79 – US$75.73

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CARR in numbers

Market cap
US$45.9bn
P/E
35.01
Dividend yield (12m)
1.71%
Net debt/EBITDA
3.49

The 12-month dividend yield of CARR is 1.71%, above its 5-year average of 1.29%.

CARR price history

02/10/202501/10/2026
Compare with

CARR risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-6.69%+3.52%+13.77%
Volatility (annualised)38.95%30.43%31.68%
Largest drawdown-24.94%-33.29%-33.91%
Positive months5/1218/3630/60

How much did investing in CARR return?

US$1,000.00 invested on 01/09/2021 would be worth US$1,137.69 today.

Value today in CARR
US$1,137.69
Return over the period
+13.77%
Return per year
+2.61%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

CARR fundamentals

Valuation

  • P/E
    35.01
  • P/B
    —
  • EV/EBITDA
    18.34
  • EV/EBIT
    31.43
  • EV/Revenue
    2.59
  • P/EBIT
    25.45
  • P/S
    2.10
  • P/OCF
    21.75
  • P/FCF
    —
  • Earnings yield
    3.18%
  • PEG ratio
    —
  • Earnings per share
    US$1.58
  • Book value per share
    —

Debt

  • Net debt
    US$10.8bn
  • Net debt/EBITDA
    3.49
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    1.05
  • Quick ratio
    0.75
  • Cash ratio
    0.16

Efficiency

  • Gross margin
    —
  • EBITDA margin
    14.12%
  • Operating margin
    8.24%
  • Net margin
    5.99%
  • Asset turnover
    0.59

Profitability

  • ROE
    —
  • ROA
    3.52%
  • ROIC
    —
  • Payout
    59.92%

Growth

  • Revenue CAGR (5 years)
    3.67%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is CARR's fair price?

Two classic value formulas, with today's numbers. The current price is US$55.22.

Graham's fair price
—
CARR's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$11.60
78.99% below the price

US$0.70 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

CARR indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E29.7610.5838.269.74————
EV/EBITDA15.7917.4321.149.2717.8011.67——
Dividend yield1.70%1.11%1.29%1.45%0.88%0.42%——
Earnings per shareUS$1.78US$6.45US$1.50US$4.24————
ROIC——————14.92%—
Gross margin—26.60%27.24%24.86%————
EBITDA margin15.85%17.25%13.99%24.94%14.47%19.59%15.19%21.12%
Net margin6.82%24.92%7.12%20.44%————
Net debt/EBITDA2.972.141.681.292.252.08-0.22—

CARR financial statements

Line202520242023202220212020
Net revenueUS$21.7bnUS$22.5bnUS$19bnUS$17.3bnUS$20.6bnUS$17.5bn
Cost of sales—-US$16.5bn-US$13.8bn-US$13bn——
Gross profit—US$6bnUS$5.2bnUS$4.3bn——
EBITDAUS$3.4bnUS$3.9bnUS$2.7bnUS$4.3bnUS$3bnUS$3.4bn
EBITUS$2.2bnUS$2.6bnUS$2.2bnUS$4bnUS$2.6bnUS$3.1bn
Net finance result——————
Profit before taxUS$1.8bnUS$2.3bnUS$2bnUS$3.8bnUS$2.4bnUS$2.9bn
Income tax-US$240m-US$1.1bn-US$521m-US$616m-US$699m-US$849m
Net incomeUS$1.5bnUS$5.6bnUS$1.3bnUS$3.5bn——

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does CARR pay dividends?

Dividend yield per year

  • 0.42%2020
  • 0.88%2021
  • 1.45%2022
  • 1.29%2023
  • 1.11%2024
  • 1.70%2025
  • 1.30%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend20/07/202610/08/2026US$0.24
Dividend01/05/202622/05/2026US$0.24
Dividend19/01/202609/02/2026US$0.24
Dividend28/10/202518/11/2025US$0.23
Dividend18/07/202508/08/2025US$0.23
Dividend01/05/202522/05/2025US$0.23
Dividend19/12/202407/02/2025US$0.23
Dividend24/10/202418/11/2024US$0.19
Dividend20/06/202408/08/2024US$0.19
Dividend01/05/202422/05/2024US$0.19
Dividend19/12/202309/02/2024US$0.19
Dividend25/10/202320/11/2023US$0.19
See all 25 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend21/06/202310/08/2023US$0.19
Dividend03/05/202324/05/2023US$0.19
Dividend20/12/202210/02/2023US$0.19
Dividend26/10/202221/11/2022US$0.15
Dividend21/06/202210/08/2022US$0.15
Dividend27/04/202219/05/2022US$0.15
Dividend21/12/202110/02/2022US$0.15
Dividend27/10/202122/11/2021US$0.12
Dividend22/06/202110/08/2021US$0.12
Dividend29/04/202124/05/2021US$0.12
Dividend21/12/202010/02/2021US$0.12
Dividend28/10/202023/11/2020US$0.08
Dividend24/06/202020/07/2020US$0.08

About Carrier Global

Sector
Manufacturing

Questions about CARR

How much is CARR today?

CARR is at US$55.22 (0.66% on the day), last traded on 01/10/2026.

How much did CARR pay in dividends in 2025?

CARR paid US$0.90 per share in 2025, a dividend yield of 1.70%.

How much did CARR return in 12 months?

CARR returned -6.69% in 12 months, with annualised volatility of 38.95% and a largest drawdown of -24.94%.