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.
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Carrier Global Corporation (CARR) Return on invested capital
Carrier Global Corporation's return on invested capital over the twelve months to 30 June 2026 was 4.47%, down 1.1 percentage points from fiscal 2025 (5.56%). Over the past ten years it has ranged from 0.00% (fiscal 2017) to 18.6% (fiscal 2022); the current reading is higher than 22% of that period. That is below the Building Products & Equipment industry median of 5.16% and above the Industrials sector median of 2.30%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 5.56% | (1.72) |
| FY2024 | 7.28% | (2.76) |
| FY2023 | 10.0% | (8.54) |
| FY2022 | 18.6% | 6.60 |
| FY2021 | 12.0% | (2.10) |
| FY2020 | 14.1% | 2.80 |
| FY2019 | 11.3% | (5.65) |
| FY2018 | 16.9% | 16.93 |
| FY2017 | 0.00% | — |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| MAS Masco Corporation compare | 32.4% |
| LII Lennox International, Inc. compare | 27.0% |
| TT Trane Technologies plc compare | 20.9% |
| CSL Carlisle Companies Incorporated compare | 16.6% |
| WMS Advanced Drainage Systems, Inc. compare | 12.3% |
| SPXC SPX Technologies, Inc. compare | 8.94% |
| JCI Johnson Controls International plc compare | 8.35% |
| CARR Carrier Global Corporation | 4.47% |
| OC Owens Corning Inc compare | 0.36% |
| Building Products & Equipment industry median | 5.16% |
| Industrials sector median | 2.30% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on CARR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement