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. In the quarter to June 2026, revenue grew 3.89%, EPS fell 13.0%, free cash flow grew 42.6% and total debt rose 4.45%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years; insiders bought in the last twelve months.

55.00 0.04 +0.07%
Market cap
$45.3B
P/E
37.9×
Fwd P/E
31.1×
Dividend yield
2.15%
F-score
5/9
Altman Z
2.45
Beneish M
−2.56
Dividend safety
67/100

Carrier Global Corporation (CARR) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Carrier Global Corporation (CARR) trades at a EV/EBITDA of 18.7×. Over the past ten years it has ranged from 0.0× (February 2018) to 28.6× (December 2023); the current reading is higher than 73% of that period. That is above the Building Products & Equipment industry median of 12.9× and above the Industrials sector median of 12.6×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 16.1× (10.69%)
FY2024 18.0× (7.85%)
FY2023 19.5× 108.10%
FY2022 9.4× (48.00%)
FY2021 18.0× 54.87%
FY2020 11.6× 236.99%
FY2019 3.5× 0.00%
FY2018 3.5× —
FY2017 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 23.7× 26.75%
Mar 2026 18.7× 16.61%
Dec 2025 16.1× 7.81%
Sep 2025 14.9× (10.95%)
26 more quarters

Against its own ten years

Low 0.0× High 28.6×
Ten-year median 15.0×
Current reading's percentile 73

EV/EBITDA against peers

Company EV/EBITDA
OC Owens Corning Inc compare 7.2×
LII Lennox International, Inc. compare 11.6×
WMS Advanced Drainage Systems, Inc. compare 12.6×
MAS Masco Corporation compare 12.9×
CSL Carlisle Companies Incorporated compare 12.9×
SPXC SPX Technologies, Inc. compare 15.9×
CARR Carrier Global Corporation 18.7×
TT Trane Technologies plc compare 23.9×
JCI Johnson Controls International plc compare 25.9×
Building Products & Equipment industry median 12.9×
Industrials sector median 12.6×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on CARR