Carrier Global Corporation (CARR) vs SPX Technologies, Inc. (SPXC)

Carrier Global Corporation and SPX Technologies, Inc. are both Building Products & Equipment companies. Carrier Global Corporation is the larger, with a market value of $45.3B against $8.4B — 5.4× the size. SPX Technologies, Inc. trades at the lower P/E: 29.5× against 37.9×. SPX Technologies, Inc. grew revenue faster over the last twelve months: 20.6% against −1.58%. SPX Technologies, Inc. has the higher net margin (11.3% vs 5.52%) and the higher return on invested capital (8.94% vs 4.47%). Across the 22 metrics below, SPX Technologies, Inc. leads on 17 and Carrier Global Corporation on 5.

Valuation

Metric CARR SPXC Building Products & Equipment median
P/E 37.93 29.49 23.15
P/S 2.06 3.36 2.02
P/B 3.38 3.54 2.81
Price to free cash flow 23.62 27.40 16.84
EV/EBITDA 18.67 15.90 12.85
EV/Sales 2.54 3.54 2.04
Earnings yield 2.64% 3.39% 2.76%
Free cash flow yield 4.23% 3.65% 4.23%

Profitability

Metric CARR SPXC Building Products & Equipment median
Gross margin 24.34% 40.24% 29.19%
Operating margin 7.80% 16.15% 6.99%
Net margin 5.52% 11.26% 4.05%
Free cash flow margin 8.72% 12.25% 7.60%
Return on equity 8.57% 14.37% 9.28%
Return on assets 3.22% 7.70% 2.88%
Return on invested capital 4.47% 8.94% 5.16%

Growth

Metric CARR SPXC Building Products & Equipment median
Revenue growth (TTM) (1.58%) 20.63% 3.11%
EPS growth (last fiscal year) (72.03%) 18.08% (34.13%)
Revenue growth, 5-year CAGR 4.49% 14.96% 5.37%
Net income growth, 5-year CAGR (5.62%) 19.77% 0.00%

Health

Metric CARR SPXC Building Products & Equipment median
Debt to equity 0.89 0.26 0.43
Current ratio 1.02 1.82 1.82
Net debt to EBITDA 2.98 0.28 0.98

Dividend

Metric CARR SPXC Building Products & Equipment median
Dividend yield 2.15% — 1.43%
Payout ratio 0.82 — 0.29

Size

Metric CARR SPXC Building Products & Equipment median
Market cap 45.30b 8.39b 1.17b

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