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Friday 6 November 2026 Export CARR’s income statement to Excel — free account

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

53.30 2.36 −4.24%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Carrier Global Corporation (CARR) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Carrier Global Corporation (CARR) trades at a P/B ratio of 4.2×. Over the past ten years it has ranged from 0.7× (March 2020) to 7.1× (August 2021); the current reading is higher than 26% of that period. That is above the Building Products & Equipment industry median of 2.9× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 3.2× (25.15%)
FY2024 4.3× (18.85%)
FY2023 5.2× 20.79%
FY2022 4.3× (34.50%)
FY2021 6.6× 33.52%
FY2020 5.0× 590.00%
FY2019 0.7× 0.00%
FY2018 0.7× 0.00%
FY2017 0.7× —

Quarterly newest first

Period P/B ratio Change
Sep 2026 4.3× (4.05%)
Jun 2026 4.5× 32.34%
Mar 2026 3.4× 6.86%
Dec 2025 3.2× (6.64%)
27 more quarters

Against its own ten years

Low 0.7× High 7.1×
Ten-year median 4.7×
Current reading's percentile 26

P/B ratio against peers

Company P/B ratio
MAS Masco Corporation compare n/m
MAIR Madison Air Solutions Corporation compare 2.8×
OC Owens Corning Inc compare 3.0×
CARR Carrier Global Corporation 4.2×
WMS Advanced Drainage Systems, Inc. compare 5.2×
LII Lennox International, Inc. compare 9.1×
TT Trane Technologies plc compare 9.5×
CSL Carlisle Companies Incorporated compare 10.4×
JCI Johnson Controls International plc compare 2,284×
Building Products & Equipment industry median 2.9×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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