Carrier Global Corporation (CARR) vs Owens Corning Inc (OC)

Carrier Global Corporation and Owens Corning Inc are both Building Products & Equipment companies. Carrier Global Corporation is the larger, with a market value of $45.3B against $9.5B — 4.8× the size. Owens Corning Inc has negative trailing earnings, so its P/E is not meaningful; Carrier Global Corporation trades at 38.9×. Carrier Global Corporation grew revenue faster over the last twelve months: −1.58% against −7.23%. Carrier Global Corporation has the higher net margin (5.52% vs −6.81%) and the higher return on invested capital (4.47% vs 0.36%). Both pay a dividend; Carrier Global Corporation yields more (1.30% vs 1.30%). Across the 21 metrics below, Owens Corning Inc leads on 12 and Carrier Global Corporation on 9.

Valuation

Metric CARR OC Building Products & Equipment median
P/E 38.88 n/m 24.54
P/S 2.11 1.01 2.00
P/B 3.47 2.61 3.02
Price to free cash flow 24.21 10.23 18.49
EV/EBITDA 19.05 7.65 12.63
EV/Sales 2.59 1.50 2.14
Earnings yield 2.57% (6.51%) 2.74%
Free cash flow yield 4.13% 9.77% 3.58%

Profitability

Metric CARR OC Building Products & Equipment median
Gross margin 24.34% 25.98% 29.19%
Operating margin 7.80% 0.51% 6.84%
Net margin 5.52% (6.81%) 4.05%
Free cash flow margin 8.72% 9.87% 8.72%
Return on equity 8.57% (14.89%) 9.28%
Return on assets 3.22% (4.93%) 2.88%
Return on invested capital 4.47% 0.36% 5.16%

Growth

Metric CARR OC Building Products & Equipment median
Revenue growth (TTM) (1.58%) (7.23%) 3.11%
EPS growth (last fiscal year) (72.03%) (184.40%) —
Revenue growth, 5-year CAGR 4.49% 7.45% 5.37%
Net income growth, 5-year CAGR (5.62%) 0.00% 0.00%

Health

Metric CARR OC Building Products & Equipment median
Debt to equity 0.89 1.34 0.43
Current ratio 1.02 1.16 1.82
Net debt to EBITDA 2.98 2.14 0.98

Dividend

Metric CARR OC Building Products & Equipment median
Dividend yield 1.30% 1.30% 1.20%
Payout ratio 0.28 0.12 0.04

Size

Metric CARR OC Building Products & Equipment median
Market cap 45.33b 9.54b 1.18b

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