Carrier Global Corporation (CARR) Stock

Carrier Global Corporation (CARR) is a Industrials stock trading at $68.69 (as of 2026-07-17), with a market capitalization of $57.05B and a trailing P/E of 32.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Carrier Global Corporation supplies heating, ventilation, air conditioning, refrigeration, fire and security, and building automation technologies for residential, commercial, and industrial customers worldwide. It operates through HVAC, Refrigeration, and Fire & Security segments, offering products, controls and related services including building automation, transport and commercial refrigeration, and fire, intrusion, access, and monitoring solutions.

Understand Carrier Global Corporation: how it makes money

Carrier Global makes and sells heating, ventilation, and air conditioning (HVAC) equipment, refrigeration solutions, and fire and security technologies, generating revenue primarily by selling products and related services/controls to residential and commercial customers worldwide.

Profitability is driven mainly by the Climate Solutions Americas (CSA) segment, which has the highest segment operating profit (CSA segment operating profit of 0.37 USD_B versus 0.09 USD_B in CSE, 0.08 USD_B in CSAME, and 0.10 USD_B in CST).

Revenue by segment (latest quarter)
CSA$2.6B
CSE$1.2B
CSAME$0.8B
CST$0.7B

Business quality (Weak): The provided facts clearly show segment operating profit leadership by CSA, but the dataset mixes different “operating profit” label variants and does not provide full HVAC, Refrigeration, and Fire & Security revenue split.

Valuation: At 46× earnings, CARR trades 35% above the Machinery average (34×). Note: one-time items can distort reported P/E.

Bull case

  • CSA is the largest contributor to segment operating profit: CSA segment operating profit is 0.37 USD_B, larger than CSE (0.09 USD_B), CSAME (0.08 USD_B), and CST (0.10 USD_B).
  • Global footprint across multiple Climate Solutions segments: Net sales are reported across CSA (2.57 USD_B), CSE (1.17 USD_B), CSAME (0.83 USD_B), and CST (0.65 USD_B).

Bear case

  • Profit contribution appears more concentrated in CSA than elsewhere: Other segments show smaller segment operating profit figures (CSE 0.09 USD_B, CSAME 0.08 USD_B, CST 0.10 USD_B), which can increase sensitivity to conditions in the Americas.
  • Operating profitability is relatively low at the company level: The latest quarter shows operating margin of 4.8%, so earnings can be vulnerable to cost pressure or demand variability.
Valuation — source: SEC EDGAR (first-party)
Price$68.69
Market Cap$57.05B
P/E Ratio32.9
EV / EBITDA15.0
Price / Book4.13
Price / Sales2.56
FCF Yield4.6%
DCF Value (model)$10.79
DCF Upside vs Price-84.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$21.75B
Net Margin6.8%
Revenue Growth (YoY)-3.3%
EPS Growth (YoY)-72.1%
FCF Growth (YoY)4720.5%
Financial Health — source: SEC EDGAR
Altman Z-Score2.78 (grey)
Valuation vs Sector & Industry
Stock P/E32.9
Sector P/E (Industrials)28.7
Industry P/E (Machinery)32.9
vs Sector14.6%
vs Industry-0.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderCapital Research Global Investors ($6.55B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorIndustrials
IndustryMachinery
CEODavid L. Gitlin
Employees48,000
CountryUS
IPO Date2020-03-19

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CARR earnings history · CARR institutional & insider holders · CARR KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.