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Carrier Global Corporation

CARR Industrials Building Products & Equipment

Carrier Global Corporation’s revenue for fiscal 2025 (year ended December 2025) was $21.7 billion, down 3.29% from fiscal 2024.

Revenue: +12.3%
EPS: −732.0%
Free cash flow: +200.9%
Total debt: −3.71%

Quarter to September 2026, against a year earlier

53.32 0.11 +0.21%

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Market cap: $43.5B
P/E: 0.0×
Fwd P/E: 47.7×
Dividend yield: 1.80%
F-score: 5/9
Altman Z: 2.45
Beneish M: −2.56
Dividend safety: 67/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	2.66	4.82	4.82	16.47	28.25	9.95	34.85	10.90	30.72
Piotroski F-Score Full definition →	—	—	—	4	6	5	6	4	5
Altman Z-Score Full definition →	—	—	—	2.42	2.97	2.82	2.75	2.93	2.45
P/S ratio Full definition →	0.00	0.56	0.56	1.87	2.28	2.03	2.49	2.73	2.07
Altman Z″-Score (non-manufacturers) Full definition →	—	—	—	2.30	2.62	3.20	4.01	2.48	2.35
P/FCF ratio Full definition →	0.00	5.91	5.91	23.68	24.86	24.61	21.80	1,393.43	21.24
Beneish M-Score Full definition →	—	—	(2.41)	(3.09)	(2.72)	(1.77)	(3.17)	(1.75)	(2.56)
P/Operating CF Full definition →	0.00	10.26	10.26	164.24	51.55	31.25	44.51	464.48	43.31
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	67
P/B ratio Full definition →	0.72	0.72	0.72	4.97	6.63	4.35	5.25	4.26	3.19
Price to Tangible BV Full definition →	0.00	3.00	3.00	0.00	0.00	0.00	87.53	0.00	0.00
EV/Sales Full definition →	0.00	0.52	0.52	2.28	2.61	2.34	2.73	3.10	2.54
EV/EBITDA Full definition →	0.00	3.45	3.45	11.64	18.03	9.37	19.50	17.97	16.05
EV/Operating CF Full definition →	0.00	4.88	4.88	23.52	24.04	23.19	19.83	123.81	22.01
EV/FCF Full definition →	0.00	5.55	5.55	28.84	28.41	28.34	23.85	1,584.18	26.08
Quick Ratio Full definition →	—	0.85	0.82	1.15	0.81	1.05	1.71	0.84	0.59
Current Ratio Full definition →	—	1.37	1.33	1.67	1.72	1.64	2.80	1.25	1.20
Net Debt/EBITDA Full definition →	0.00	(0.21)	(0.22)	2.08	2.25	1.23	1.68	2.14	2.98
Debt/Assets Full definition →	0.00%	1.32%	1.42%	40.76%	37.05%	33.90%	43.55%	32.83%	31.82%
Debt/Equity Full definition →	0.00	0.02	0.02	1.55	1.37	1.09	1.59	0.85	0.84
Asset Turnover Full definition →	1.64	1.74	0.84	0.74	0.80	0.66	0.64	0.64	0.58
Operating CF/Net income Full definition →	1.71	0.75	0.98	0.85	1.34	0.49	1.93	0.10	1.69
Capex/Depreciation Full definition →	(0.88)	(0.74)	(0.73)	(0.93)	(1.02)	(0.97)	(0.89)	(0.42)	(0.31)
Interest Coverage Full definition →	26.35	(98.30)	(92.26)	10.70	8.64	25.38	13.50	7.13	5.97
ROE Full definition →	0.00%	19.52%	14.74%	18.86%	24.34%	46.59%	15.80%	47.90%	10.41%
ROA Full definition →	11.29%	25.16%	9.59%	8.35%	6.49%	13.53%	4.58%	15.96%	3.98%
ROIC Full definition →	0.00%	16.93%	11.28%	14.08%	11.98%	18.58%	10.04%	7.28%	5.56%
Return on Tangible Assets Full definition →	0.00%	82.95%	67.11%	37.94%	25.19%	58.05%	9.14%	112.12%	32.37%
Average Days of Receivables Full definition →	0.00	51.58	53.47	58.15	42.55	59.81	40.06	43.03	44.29
Research and Development Expense of Revenue Full definition →	2.04%	2.11%	2.15%	2.40%	2.44%	2.41%	2.60%	3.05%	2.87%
Selling, General and Administrative Expense of Revenue Full definition →	14.51%	14.22%	14.84%	16.15%	15.14%	11.44%	13.76%	14.22%	14.22%
Intangible Assets out of Total Assets Full definition →	0.00	0.51	0.49	0.45	0.38	0.43	0.26	0.56	0.59
Share Based Compensation of Revenue Full definition →	0.19%	0.23%	0.28%	0.44%	0.45%	0.38%	0.37%	0.38%	0.34%
Graham Net Nets Full definition →	0.00	(0.19)	(0.19)	(0.31)	(0.16)	(0.23)	(0.09)	(0.21)	(0.32)
Graham Number Full definition →	0.00	0.00	30.54	19.78	18.79	30.01	19.80	47.51	25.33
Earnings Yield Full definition →	37.65%	20.73%	20.73%	6.07%	3.54%	10.05%	2.87%	9.17%	3.26%
Free Cash Flow Yield Full definition →	0.00%	16.92%	16.92%	4.22%	4.02%	4.06%	4.59%	0.07%	4.71%
Revenue per Share Full definition →	20.57	21.84	21.48	20.15	23.76	20.50	22.63	25.03	25.51
Operating CF per Share Full definition →	2.42	2.37	2.38	1.95	2.58	2.07	3.11	0.63	2.95
Capex per Share Full definition →	(0.38)	(0.30)	(0.28)	(0.36)	(0.40)	(0.38)	(0.52)	(0.58)	(0.46)
Free Cash Flow per Share Full definition →	2.05	2.07	2.10	1.59	2.18	1.69	2.59	0.05	2.49
Cash per Share Full definition →	0.00	1.30	1.10	3.59	3.44	4.17	11.77	4.42	1.82
Shareholders Equity per Share Full definition →	0.00	16.47	16.66	7.59	8.18	9.58	10.75	16.03	16.57
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	0.00	16.47	16.66	7.59	8.18	9.58	10.75	16.03	16.57
Free Cash Flow Full definition →	1,772.00	1,792.00	1,820.00	1,380.00	1,893.00	1,426.00	2,168.00	44.00	2,121.00
Working Capital Full definition →	—	1,643.00	1,490.00	3,414.00	4,780.00	3,847.00	12,595.00	1,999.00	1,419.00
Capital Expenditures Full definition →	(326.00)	(263.00)	(243.00)	(312.00)	(344.00)	(317.00)	(439.00)	(519.00)	(392.00)
Net Current Asset Value Full definition →	0.00	(1,359.00)	(2,012.00)	(9,991.00)	(7,671.00)	(8,131.00)	(4,241.00)	(13,117.00)	(14,529.00)
EV/EBIT Full definition →	0.00	3.92	3.92	12.91	20.33	10.14	23.94	26.34	25.47
Capex to Sales Full definition →	0.02	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02
Price to Operating Income Full definition →	4.17	4.17	4.17	10.60	17.79	8.81	21.88	23.17	20.74
Other line items
Depreciation/Fixed assets Full definition →	0.00	0.22	0.20	0.19	0.19	0.15	0.23	0.41	0.40
Cash ROIC Full definition →	0.00%	11.42%	11.59%	6.93%	9.57%	6.98%	6.54%	0.14%	7.71%
Accounts Receivable Turnover Full definition →	0.00	5.74	6.89	6.34	7.95	6.60	7.71	9.51	8.22
Accounts Payable Turnover Full definition →	11.82	12.50	7.24	6.79	6.85	5.03	5.19	6.68	6.25
Inventory Turnover Full definition →	20.03	21.17	9.79	8.34	8.13	5.64	6.18	8.01	6.74
Average Days of Payables Full definition →	5.55	53.17	47.07	57.23	58.22	79.60	65.73	54.36	61.17
Days of Inventory on Hand Full definition →	(2.95)	37.28	36.86	48.16	49.14	74.17	48.26	50.84	56.21
Average Receivables Full definition →	—	3,293.50	2,699.50	2,753.50	2,592.00	2,618.00	2,456.50	2,365.50	2,645.00
Average Payables Full definition →	1,068.00	1,068.00	1,822.50	1,818.50	2,135.00	2,583.50	2,658.00	2,470.50	2,580.00
Average Inventory Full definition →	630.50	630.50	1,347.50	1,480.50	1,799.50	2,305.00	2,231.50	2,061.00	2,391.00
Average Assets Full definition →	10,868.50	10,868.50	22,071.50	23,749.50	25,632.50	26,129.00	29,454.00	35,112.50	37,296.50
Average Common Equity Full definition →	—	14,009.50	14,352.00	10,506.50	6,836.00	7,585.00	8,540.50	11,700.00	14,261.50

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Columns are period end dates · fundamentals updated 5 Nov 2026

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