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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. 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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Carrier Global Corporation (CARR) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Carrier Global Corporation (CARR) trades at a price to free cash flow of 23.6×. Over the past ten years it has ranged from 0.0× (February 2018) to 1,440× (January 2025); the current reading is higher than 38% of that period. That is above the Building Products & Equipment industry median of 16.8× and above the Industrials sector median of 20.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 21.2× (98.48%)
FY2024 1,393× 6,291.46%
FY2023 21.8× (11.41%)
FY2022 24.6× (1.01%)
FY2021 24.9× 4.97%
FY2020 23.7× 300.80%
FY2019 5.9× 0.00%
FY2018 5.9× —
FY2017 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 31.5× 12.97%
Mar 2026 27.9× 31.33%
Dec 2025 21.2× (52.77%)
Sep 2025 45.0× (61.05%)
26 more quarters

Against its own ten years

Low 0.0× High 1,440×
Ten-year median 25.7×
Current reading's percentile 38

Price to free cash flow against peers

Company Price to free cash flow
OC Owens Corning Inc compare 9.3×
MAS Masco Corporation compare 12.7×
CSL Carlisle Companies Incorporated compare 15.5×
LII Lennox International, Inc. compare 16.8×
WMS Advanced Drainage Systems, Inc. compare 17.8×
CARR Carrier Global Corporation 23.6×
SPXC SPX Technologies, Inc. compare 27.4×
JCI Johnson Controls International plc compare 27.6×
TT Trane Technologies plc compare 28.4×
Building Products & Equipment industry median 16.8×
Industrials sector median 20.1×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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