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

53.56 0.35 +0.66%
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

Carrier Global Corporation (CARR) Return on invested capital

Alert me on Return on invested capital

Carrier Global Corporation's return on invested capital over the twelve months to 30 September 2026 was −3.31%, down 8.9 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 5.54% and below the Industrials sector median of 1.86%.

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

Low 0.00% High 18.6%
Ten-year median 11.3%
Current reading's percentile 22

Return on invested capital against peers

Company Return on invested capital
MAS Masco Corporation compare 35.2%
LII Lennox International, Inc. compare 26.3%
TT Trane Technologies plc compare 21.5%
CSL Carlisle Companies Incorporated compare 16.8%
WMS Advanced Drainage Systems, Inc. compare 11.9%
JCI Johnson Controls International plc compare 10.4%
MAIR Madison Air Solutions Corporation compare 5.83%
OC Owens Corning Inc compare 1.80%
CARR Carrier Global Corporation −3.31%
Building Products & Equipment industry median 5.54%
Industrials sector median 1.86%
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)

The full definition of Return on invested capital →

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