Market cap
$47,366 Mln
Revenue (TTM)
$22,108 Mln
P/E Ratio
40.5
P/B Ratio
3.6
Div. Yield
1.7 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 18.91 | 3.89 | -1.58 | 0.44 | 2.30 |
| EBIT | -- | -- | -71.20 | -32.51 | -24.05 |
| Net Profit | 118.48 | -16.03 | -71.23 | -20.58 | -21.95 |
| EPS | 111.31 | -12.53 | -67.73 | -17.02 | -12.69 |
| Book Value | -- | -- | 4.60 | 21.44 | 17.71 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 11.15 | 13.75 | 4.30 | 10.37 | 12.69 |
| Net Margin
| -- | -- | 5.52 | -- | -- |
| Return on equity
| 25.81 | 30.33 | 8.29 | 10.64 | 49.25 |
| Return on Capital
| 11.69 | 13.10 | -- | 5.57 | 22.37 |
| Return on Assets
| 8.28 | 8.97 | 2.63 | 3.98 | 15.96 |
| Debt to Equity (x)
| -- | -- | 0.78 | 0.92 | 0.90 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
--
|
5.57
|
22.37
|
7.12
|
20.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
8.29
Lower than Peers by 6.27
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
8.29
|
10.64
|
49.25
|
17.52
|
48.66
|
|
Peer Median
|
14.56
|
--
|
--
|
--
|
--
|
ROA
2.63
Lower than Peers by 2.78
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
2.63
|
3.98
|
15.96
|
4.89
|
13.53
|
|
Peer Median
|
5.40
|
--
|
--
|
--
|
--
|
EBIT Margin
4.30
Lower than Peers by 7.62
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
4.30
|
10.37
|
12.69
|
10.39
|
23.86
|
|
Peer Median
|
11.92
|
--
|
--
|
--
|
--
|
Net Margin
5.52
Lower than Peers by 3.00
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
5.52
|
6.82
|
24.92
|
6.52
|
20.44
|
|
Peer Median
|
8.52
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-1.58
Lower than Peers by 5.26
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
-1.58
|
-0.03
|
0.02
|
0.28
|
-0.16
|
|
Peer Median
|
3.68
|
--
|
--
|
--
|
--
|
EBIT Growth
-71.20
Lower than Peers by 75.03
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
-71.20
|
-20.95
|
24.30
|
-44.34
|
75.01
|
|
Peer Median
|
3.83
|
--
|
--
|
--
|
--
|
Net Profit Growth
-71.23
Lower than Peers by 78.75
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
-71.23
|
-73.52
|
289.17
|
-59.25
|
112.38
|
|
Peer Median
|
7.52
|
--
|
--
|
--
|
--
|
EPS Growth
-67.73
Lower than Peers by 77.88
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
-67.73
|
-0.72
|
2.68
|
-0.59
|
1.21
|
|
Peer Median
|
10.14
|
--
|
--
|
--
|
--
|
Book Value Growth
-7.76
Lower than Peers by 17.01
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
-7.76
|
--
|
--
|
--
|
--
|
|
Peer Median
|
9.26
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.78
Higher than Peers by 0.32
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
0.78
|
0.92
|
0.90
|
1.69
|
1.21
|
|
Peer Median
|
0.46
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.12
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
0.12
|
0.03
|
0.09
|
0.01
|
0.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.02
Lower than Peers by 1.01
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
1.02
|
1.20
|
1.25
|
2.80
|
1.64
|
|
Peer Median
|
2.03
|
--
|
--
|
--
|
--
|
Quick Ratio
0.72
Lower than Peers by 0.54
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
0.72
|
0.85
|
0.96
|
2.54
|
1.20
|
|
Peer Median
|
1.26
|
--
|
--
|
--
|
--
|
Interest Coverage
4.98
Lower than Peers by 3.60
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
4.98
|
6.54
|
4.92
|
10.88
|
13.66
|
|
Peer Median
|
8.58
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
14.68
Lower than Peers by 2.72
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
14.68
|
12.14
|
11.79
|
9.41
|
19.49
|
|
Peer Median
|
17.41
|
--
|
--
|
--
|
--
|
Asset Turnover
0.48
Lower than Peers by 0.15
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
0.48
|
0.58
|
0.64
|
0.75
|
0.66
|
|
Peer Median
|
0.63
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
--
|
44.42
|
38.42
|
45.04
|
66.30
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
--
|
54.17
|
45.61
|
51.86
|
64.81
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
--
|
58.45
|
54.67
|
61.78
|
72.64
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
--
|
40.14
|
29.36
|
35.13
|
58.47
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
40.46
Higher than Peers by 2.15
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
40.46
|
30.15
|
11.00
|
34.08
|
9.95
|
|
Peer Median
|
38.32
|
--
|
--
|
--
|
--
|
Price / Book Value
3.55
Lower than Peers by 0.80
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
3.55
|
3.24
|
4.38
|
5.66
|
4.53
|
|
Peer Median
|
4.35
|
--
|
--
|
--
|
--
|
Dividend Yield
1.67
Higher than Peers by 1.16
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
1.67
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.51
|
--
|
--
|
--
|
--
|
EV/EBITDA
18.75
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
18.75
|
15.82
|
17.23
|
23.45
|
9.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
47,366
Higher than Peers by 46,083
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Carrier Global Corp (CARR)
|
47,366
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,283
|
--
|
--
|
--
|
--
|