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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

53.57 0.36 +0.68%

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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

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Carrier Global Corporation (CARR) Price to free cash flow

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As of 5 November 2026, Carrier Global Corporation (CARR) trades at a price to free cash flow of 18.4×. Over the past ten years it has ranged from 0.0× (February 2018) to 1,440× (January 2025); the current reading is higher than 15% of that period. That is in line with the Building Products & Equipment industry median of 18.4× and below the Industrials sector median of 19.6×.

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<iframe src="https://stockrow.com/embed/CARR/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Carrier Global Corporation price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/CARR/metrics/price-to-free-cash-flow">Carrier Global Corporation (CARR) price to free cash flow — stockrow.com</a></p>

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×	—

Period	Price to free cash flow	Change
Sep 2026	19.0×	(39.82%)
Jun 2026	31.5×	12.97%
Mar 2026	27.9×	31.33%
Dec 2025	21.2×	(52.77%)
27 more quarters	Free account

Against its own ten years

Low 0.0× High 1,440×

Ten-year median 25.7×

Current reading's percentile 15

Company	Price to free cash flow
OC Owens Corning Inc compare	11.5×
LII Lennox International, Inc. compare	14.4×
MAIR Madison Air Solutions Corporation compare	14.7×
MAS Masco Corporation compare	15.5×
WMS Advanced Drainage Systems, Inc. compare	16.9×
CARR Carrier Global Corporation	18.4×
CSL Carlisle Companies Incorporated compare	20.0×
TT Trane Technologies plc compare	22.6×
JCI Johnson Controls International plc compare	23.5×
Building Products & Equipment industry median	18.4×
Industrials sector median	19.6×
Market median	14.1×

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 →

Carrier Global Corporation (CARR) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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