Carrier Global Corporation (CARR) vs Carlisle Companies Incorporated (CSL)

Carrier Global Corporation and Carlisle Companies Incorporated are both Building Products & Equipment companies. Carrier Global Corporation is the larger, with a market value of $43.5B against $14.7B — 3.0× the size. Carrier Global Corporation has negative trailing earnings, so its P/E is not meaningful; Carlisle Companies Incorporated trades at 21.4×. Carlisle Companies Incorporated grew revenue faster over the last twelve months: 3.96% against 3.33%. Carlisle Companies Incorporated has the higher net margin (13.8% vs −7.90%) and the higher return on invested capital (16.8% vs −3.31%). Both pay a dividend; Carrier Global Corporation yields more (1.80% vs 1.20%). Across the 22 metrics below, Carlisle Companies Incorporated leads on 15 and Carrier Global Corporation on 7.

Valuation

Metric CARR CSL Building Products & Equipment median
P/E n/m 21.38 23.33
P/S 1.92 2.88 2.09
P/B 4.20 10.43 2.85
Price to free cash flow 18.42 19.98 18.42
EV/EBITDA 16.37 14.30 13.29
EV/Sales 2.37 3.33 2.28
Earnings yield (4.15%) 4.68% 3.04%
Free cash flow yield 5.43% 5.00% 4.26%

Profitability

Metric CARR CSL Building Products & Equipment median
Gross margin 24.64% 34.66% 31.88%
Operating margin (4.77%) 19.49% 7.18%
Net margin (7.90%) 13.78% 4.11%
Free cash flow margin 10.43% 14.40% 6.41%
Return on equity (14.26%) 41.89% 5.95%
Return on assets (5.03%) 11.51% 3.90%
Return on invested capital (3.31%) 16.80% 5.54%

Growth

Metric CARR CSL Building Products & Equipment median
Revenue growth (TTM) 3.33% 3.96% 6.27%
EPS growth (last fiscal year) (72.03%) (38.46%) (28.29%)
Revenue growth, 5-year CAGR 4.49% 4.81% 4.81%
Net income growth, 5-year CAGR (5.62%) 18.35% 0.00%

Health

Metric CARR CSL Building Products & Equipment median
Debt to equity 1.10 2.01 0.55
Current ratio 1.00 2.40 1.83
Net debt to EBITDA 2.98 1.48 1.45

Dividend

Metric CARR CSL Building Products & Equipment median
Dividend yield 1.80% 1.20% 1.37%
Payout ratio 0.67 0.26 0.28

Size

Metric CARR CSL Building Products & Equipment median
Market cap 43.53b 14.65b 3.22b

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