Carrier Global (CARR) Stock Insights
CARR$54.56-1.47 -2.62%
$44.98B
Market Cap
39.79
P/E
18.88
Forward P/E
45
Score
Carrier Global (CARR) Stock Insights
CARR price $54.56 -1.47 -2.62%
- Ticker
- CARR
- Price
- $54.56
- Change
- -1.47 -2.62%
- Market cap ?
- $44.98B
- P/E ?
- 39.79
- Forward P/E ?
- 18.88
- Dividend yield ?
- 1.63%
- Beta ?
- 1.29
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Stocklytics score
- 45
- Value
- 53
- Quality
- 32
- Growth
- 49
Stocklytics score rationale: value 53, quality 32, growth 49.
Financials
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| 17814000000 | 18914000000 | 18608000000 | 17456000000 | 20613000000 | 17288000000 | 18951000000 | 22486000000 | 21747000000 |
Carrier Global Corporation is a worldwide provider of advanced technological solutions covering heating, ventilation, and air conditioning (HVAC), refrigeration, fire safety, security, and intelligent building automation. Its operations are structured across three primary business segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment is dedicated to supplying products, controls, services, and complete…
Fair value
CARR fair value $42.24. Price $54.56. Price is 29% above fair value.
Above fair value, but less expensive than usual. A smaller premium than on 94% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 2.29B. Growth 5.59%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 11.38% (beta 1.3). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 824.33M. Net debt 11.11B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2027-02-04 | — | 0.65 | — | 5.57B |
| 2026-10-29 | 0.87 | 0.76 | 6.26B | 6.09B |
| 2026-07-28 | 0.86 | 0.82 | 6.35B | 6.02B |
| 2026-04-30 | 0.57 | 0.51 | 5.34B | 5.01B |
| 2026-02-05 | 0.34 | 0.37 | 4.84B | 5.05B |
| 2025-10-28 | 0.67 | 0.63 | 5.58B | 5.65B |
| 2025-07-29 | 0.92 | 0.91 | 6.11B | 6.11B |
| 2025-05-01 | 0.65 | 0.58 | 5.22B | 5.19B |
| 2025-02-11 | 0.54 | 0.50 | 5.15B | 5.31B |
| 2024-10-24 | 0.83 | 0.81 | 5.98B | 6.59B |
| 2024-07-25 | 0.87 | 0.85 | 6.69B | 7.05B |
| 2024-04-25 | 0.62 | 0.50 | 6.18B | 6.34B |
| 2024-02-06 | 0.53 | 0.51 | 5.10B | 5.23B |
| 2023-10-26 | 0.89 | 0.78 | 5.73B | 5.89B |
| 2023-07-27 | 0.79 | 0.76 | 5.99B | 5.83B |
| 2023-04-25 | 0.52 | 0.48 | 5.27B | 5.77B |
| 2023-02-07 | 0.40 | 0.40 | 5.11B | 5.11B |
| 2022-10-27 | 0.70 | 0.65 | 5.45B | 5.44B |
| 2022-07-28 | 0.69 | 0.62 | 5.21B | 5.17B |
| 2022-04-28 | 0.54 | 0.47 | 4.65B | 4.54B |
| 2022-02-08 | 0.44 | 0.39 | 5.13B | 4.82B |
| 2021-10-28 | 0.71 | 0.66 | 5.34B | 5.40B |
| 2021-07-29 | 0.64 | 0.55 | 5.44B | 4.94B |
| 2021-04-29 | 0.48 | 0.37 | 4.70B | 3.30B |
| 2021-02-09 | 0.31 | 0.37 | 4.59B | 5.23B |
| 2020-10-29 | 0.67 | 0.46 | 5.00B | 3.51B |
| 2020-07-30 | 0.33 | 0.25 | 3.97B | 3.01B |
| 2020-05-08 | 0.35 | 0.19 | 3.89B | 3.67B |
| 2020-02-07 | 0.56 | — | 4.82B | — |
| 2019-12-31 | 0.51 | — | 4.50B | — |
| 2019-06-30 | 0.90 | — | 4.96B | — |
| 2019-03-31 | 0.46 | — | 4.32B | — |
Dividends
Yield 2.17%. Payout ratio 64.10%. Frequency Quarterly.
Safety score 75/100 · Safe. Payout ratio is 64% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 7 separate years. Yield is 2.2%, in a range that is usually sustainable.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-10-29 | $0.24 | 2026-10-29 | 2026-11-18 | Quarterly |
| 2026-07-21 | $0.24 | 2026-07-21 | 2026-08-10 | Quarterly |
| 2026-05-04 | $0.24 | 2026-05-04 | 2026-05-22 | Quarterly |
| 2026-01-20 | $0.24 | 2026-01-20 | 2026-02-09 | Quarterly |
| 2025-10-29 | $0.23 | 2025-10-29 | 2025-11-18 | Quarterly |
| 2025-07-21 | $0.23 | 2025-07-21 | 2025-08-08 | Monthly |
| 2025-05-02 | $0.23 | 2025-05-02 | 2025-05-22 | Quarterly |
| 2024-12-20 | $0.23 | 2024-12-20 | 2025-02-07 | Irregular |
| 2024-10-25 | $0.19 | 2024-10-25 | 2024-11-18 | Quarterly |
| 2024-06-21 | $0.19 | 2024-06-21 | 2024-08-08 | Quarterly |
| 2024-05-02 | $0.19 | 2024-05-03 | 2024-05-22 | Quarterly |
| 2023-12-20 | $0.19 | 2023-12-21 | 2024-02-09 | Irregular |
| 2023-10-26 | $0.18 | 2023-10-27 | 2023-11-20 | Quarterly |
| 2023-06-22 | $0.18 | 2023-06-23 | 2023-08-10 | Irregular |
| 2023-06-22 | $0.18 | 2023-06-23 | 2023-08-10 | Quarterly |
| 2023-05-04 | $0.18 | 2023-05-05 | 2023-05-24 | Quarterly |
| 2022-12-21 | $0.18 | 2022-12-22 | 2023-02-10 | Irregular |
| 2022-10-27 | $0.15 | 2022-10-28 | 2022-11-21 | Quarterly |
| 2022-06-22 | $0.15 | 2022-06-23 | 2022-08-10 | Irregular |
| 2022-04-28 | $0.15 | 2022-04-29 | 2022-05-19 | Quarterly |
| 2021-12-22 | $0.15 | 2021-12-23 | 2022-02-10 | Quarterly |
| 2021-10-28 | $0.12 | 2021-10-29 | 2021-11-22 | Quarterly |
| 2021-06-23 | $0.12 | 2021-06-24 | 2021-08-10 | Quarterly |
| 2021-04-30 | $0.12 | 2021-05-03 | 2021-05-24 | Quarterly |
| 2020-12-22 | $0.12 | 2020-12-23 | 2021-02-10 | Quarterly |
| 2020-10-29 | $0.08 | 2020-10-30 | 2020-11-23 | Quarterly |
| 2020-06-25 | $0.08 | 2020-06-26 | 2020-07-20 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2035-02-05 | Heim Thomas | Other | 22.25K | $65.21 | 1.45M |
| 2029-07-01 | Donato Thomas | Other | 40.02K | $72.07 | 2.88M |
| 2028-07-01 | Dryden Edward C. | Other | 16.16K | — | — |
| 2028-04-01 | Gierges Michael Lotfy | Other | 5.25K | — | — |
| 2028-04-01 | Gierges Michael Lotfy | Other | 65.37K | $63.54 | 4.15M |
| 2028-02-06 | Dryden Edward C. | Other | 57.31K | $65.21 | 3.74M |
| 2027-07-01 | Dryden Edward C. | Other | 26.21K | $61.90 | 1.62M |
| 2027-02-01 | Heim Thomas | Other | 13.49K | — | — |
| 2027-02-01 | Campbell Francesca | Other | 9.07K | — | — |
| 2027-01-30 | Heim Thomas | Other | 27.54K | $56.33 | 1.55M |
| 2027-01-30 | Campbell Francesca | Other | 10.01K | $56.33 | 563.86K |
| 2027-01-30 | Pandya Gaurang | Other | 74.88K | $56.33 | 4.22M |
| 2026-11-01 | Pandya Gaurang | Other | 60.41K | — | — |
| 2026-10-01 | Yildiz Beril | Buy | 1.06K | — | — |
| 2026-10-01 | Yildiz Beril | Sell | 260 | $55.22 | 14.36K |
| 2026-10-01 | Yildiz Beril | Sell | 1.06K | — | — |
| 2026-07-24 | Barua Neil | Buy | 2.83K | $68.88 | 195.00K |
| 2026-07-24 | Barua Neil | Other | 0 | — | — |
| 2026-07-01 | Dryden Edward C. | Buy | 6.89K | — | — |
| 2026-07-01 | Dryden Edward C. | Sell | 2.15K | $72.07 | 154.73K |
| 2026-07-01 | Dryden Edward C. | Sell | 6.89K | — | — |
| 2026-05-20 | Viessmann Maximilian | Sell | 12.09M | $62.01 | 750.00M |
| 2026-05-01 | Pandya Gaurang | Buy | 50.62K | — | — |
| 2026-05-01 | Pandya Gaurang | Sell | 21.55K | $67.62 | 1.46M |
| 2026-05-01 | Pandya Gaurang | Sell | 50.62K | — | — |
| 2026-04-15 | WILSON VIRGINIA M | Buy | 3.79K | — | — |
| 2026-04-15 | Viessmann Maximilian | Buy | 3.33K | — | — |
| 2026-04-15 | HOLLEY CHARLES M | Buy | 6.15K | — | — |
| 2026-04-15 | STORY SUSAN N | Buy | 5.81K | — | — |
| 2026-04-15 | TODMAN MICHAEL | Buy | 3.64K | — | — |
| 2026-04-15 | MILES AMY E | Buy | 3.48K | — | — |
| 2026-04-15 | MCNAMARA MICHAEL M | Buy | 3.64K | — | — |
| 2026-04-15 | GREISCH JOHN J | Buy | 3.95K | — | — |
| 2026-04-15 | GARNIER JEAN PIERRE | Buy | 3.33K | — | — |
| 2026-04-01 | Gierges Michael Lotfy | Buy | 5.32K | — | — |
| 2026-04-01 | Gierges Michael Lotfy | Sell | 1.30K | $56.90 | 73.74K |
| 2026-04-01 | Gierges Michael Lotfy | Sell | 5.32K | — | — |
| 2026-04-01 | Gierges Michael Lotfy | Other | 5.25K | — | — |
| 2026-02-09 | Heim Thomas | Buy | 50 | — | — |
| 2026-02-09 | Heim Thomas | Buy | 50 | — | — |
| 2026-02-09 | Heim Thomas | Sell | 50 | — | — |
| 2026-02-01 | Heim Thomas | Buy | 13.80K | — | — |
| 2026-02-01 | Heim Thomas | Sell | 13.80K | — | — |
| 2026-02-01 | Agrawal Ajay | Buy | 5.71K | — | — |
| 2026-02-01 | Agrawal Ajay | Sell | 1.50K | $59.58 | 89.49K |
| 2026-02-01 | Campbell Francesca | Buy | 1.96K | — | — |
| 2026-02-01 | Campbell Francesca | Sell | 581 | $59.58 | 34.62K |
| 2026-02-01 | Villeneuve Nadia | Buy | 15.19K | — | — |
| 2026-02-01 | Villeneuve Nadia | Sell | 3.81K | $59.58 | 226.94K |
| 2026-02-01 | Pandya Gaurang | Buy | 5.71K | — | — |
| 2026-02-01 | Pandya Gaurang | Sell | 1.74K | $59.58 | 103.37K |
| 2026-02-01 | Goris Patrick P. | Buy | 40.75K | — | — |
| 2026-02-01 | Goris Patrick P. | Sell | 16.12K | $59.58 | 960.67K |
| 2026-02-01 | Gitlin David L. | Buy | 90.87K | — | — |
| 2026-02-01 | Gitlin David L. | Sell | 35.80K | $59.58 | 2.13M |
| 2026-02-01 | Campbell Francesca | Other | 10.90K | $46.14 | 502.93K |
| 2026-02-01 | Pandya Gaurang | Other | 31.79K | $46.14 | 1.47M |
| 2026-01-28 | Yildiz Beril | Buy | 16.36K | $57.91 | 947.12K |
| 2026-01-28 | Villeneuve Nadia | Buy | 69.69K | $57.91 | 4.04M |
| 2026-01-28 | Agrawal Ajay | Buy | 39.56K | $57.91 | 2.29M |
| 2026-01-28 | Dryden Edward C. | Buy | 68.12K | $57.91 | 3.94M |
| 2026-01-28 | Gierges Michael Lotfy | Buy | 66.88K | $57.91 | 3.87M |
| 2026-01-28 | Heim Thomas | Buy | 55.48K | $57.91 | 3.21M |
| 2026-01-28 | Pandya Gaurang | Buy | 97.29K | $57.91 | 5.63M |
| 2026-01-28 | Goris Patrick P. | Buy | 134.41K | $57.91 | 7.78M |
| 2026-01-28 | Gitlin David L. | Buy | 438.19K | $57.91 | 25.38M |
| 2025-11-25 | Gitlin David L. | Buy | 19.30K | $52.62 | 1.02M |
| 2025-10-01 | Yildiz Beril | Buy | 15.30K | $59.46 | 909.74K |
| 2025-10-01 | Yildiz Beril | Buy | 4.21K | — | — |
| 2025-10-01 | Yildiz Beril | Buy | 3.83K | $59.46 | 227.43K |
| 2025-10-01 | Yildiz Beril | Buy | 1.05K | — | — |
| 2025-10-01 | Yildiz Beril | Buy | 1.05K | — | — |
| 2025-09-22 | Yildiz Beril | Other | 0 | — | — |
| 2025-08-08 | Pandya Gaurang | Buy | 66 | — | — |
| 2025-08-08 | Pandya Gaurang | Sell | 29 | $66.03 | 1.91K |
| 2025-08-08 | Pandya Gaurang | Buy | 66 | — | — |
| 2025-08-08 | Pandya Gaurang | Sell | 66 | — | — |
| 2025-08-01 | Pandya Gaurang | Buy | 19.19K | — | — |
| 2025-08-01 | Pandya Gaurang | Sell | 8.37K | $66.92 | 559.92K |
| 2025-08-01 | Pandya Gaurang | Sell | 19.19K | — | — |
| 2025-07-01 | Dryden Edward C. | Buy | 6.79K | — | — |
| 2025-07-01 | Dryden Edward C. | Sell | 2.18K | $74.30 | 161.97K |
| 2025-07-01 | Dryden Edward C. | Sell | 6.79K | — | — |
| 2025-06-19 | Heim Thomas | Buy | 21.20K | $69.86 | 1.48M |
| 2025-06-05 | Viessmann Maximilian | Sell | 4.27M | $70.30 | 300.00M |
| 2025-06-05 | Viessmann Maximilian | Sell | 4.27M | $70.30 | 300.00M |
| 2025-04-09 | GREISCH JOHN J | Buy | 6.07K | — | — |
| 2025-04-09 | WILSON VIRGINIA M | Buy | 3.65K | — | — |
| 2025-04-09 | Viessmann Maximilian | Buy | 3.21K | — | — |
| 2025-04-09 | TODMAN MICHAEL | Buy | 3.51K | — | — |
| 2025-04-09 | STORY SUSAN N | Buy | 5.50K | — | — |
| 2025-04-09 | MILES AMY E | Buy | 3.36K | — | — |
| 2025-04-09 | HOLLEY CHARLES M | Buy | 3.55K | — | — |
| 2025-04-09 | GARNIER JEAN PIERRE | Buy | 3.21K | — | — |
| 2025-02-14 | Crockett Kyle | Buy | 21.07K | $47.51 | 1.00M |
| 2025-02-14 | Crockett Kyle | Sell | 14.44K | $65.17 | 940.79K |
| 2025-02-14 | Crockett Kyle | Buy | 24.55K | $38.33 | 940.81K |
| 2025-02-14 | Crockett Kyle | Sell | 15.36K | $65.17 | 1.00M |
| 2025-02-14 | Crockett Kyle | Sell | 18.95K | $65.18 | 1.23M |
| 2025-02-14 | Crockett Kyle | Sell | 24.55K | $38.33 | 940.81K |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 1.71K, holders +152 vs prior quarter. Ownership 87.59%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| CAPITAL RESEARCH GLOBAL INVESTORS | 106.07M | -10.33M | -8.87% | 7.78B |
| BLACKROCK, INC. | 67.18M | 9.30M | +16.06% | 4.93B |
| VANGUARD CAPITAL MANAGEMENT LLC | 51.28M | -59.43K | -0.12% | 3.76B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 36.57M | 54.22K | +0.15% | 2.68B |
| JPMORGAN CHASE & CO | 34.49M | -469.17K | -1.34% | 2.53B |
| STATE STREET CORP | 34.39M | 876.62K | +2.62% | 2.52B |
| DODGE & COX | 27.48M | 853.33K | +3.21% | 2.02B |
| CAPITAL WORLD INVESTORS | 19.33M | -381.06K | -1.93% | 1.42B |
| GEODE CAPITAL MANAGEMENT, LLC | 17.70M | 55.49K | +0.31% | 1.29B |
| FISHER ASSET MANAGEMENT, LLC | 13.05M | 17.50K | +0.13% | 957.02M |
| MORGAN STANLEY | 10.96M | -1.30M | -10.64% | 803.70M |
| AMERIPRISE FINANCIAL INC | 8.29M | 3.54M | +74.31% | 610.75M |
| BANK OF NEW YORK MELLON CORP | 8.05M | 3.23M | +66.82% | 590.76M |
| NORTHERN TRUST CORP | 8.03M | -17.77K | -0.22% | 589.00M |
| BANK OF AMERICA CORP /DE/ | 7.81M | 1.22M | +18.47% | 572.91M |
| NORGES BANK | 7.63M | 7.63M | New | 559.75M |
| GOLDMAN SACHS GROUP INC | 6.77M | -1.18M | -14.83% | 496.27M |
| DIMENSIONAL FUND ADVISORS LP | 6.48M | 189.09K | +3.01% | 475.36M |
| PINESTONE ASSET MANAGEMENT INC. | 6.33M | -239.50K | -3.64% | 464.56M |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 6.01M | -495.51K | -7.62% | 440.93M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | 5.90M | 907.08K | +18.18% | 432.57M |
| FIERA CAPITAL CORP | 5.82M | -850.33K | -12.76% | 426.59M |
| NUVEEN, LLC | 5.73M | 94.12K | +1.67% | 420.64M |
| VICTORY CAPITAL MANAGEMENT INC | 5.72M | -224.39K | -3.78% | 419.32M |
| BROWN ADVISORY INC | 5.60M | -2.49M | -30.81% | 410.78M |
Insights
- Revenue by product
- Revenue by region
| Period | Value |
|---|---|
| FY2020 | Product: 14347000000.0, Service: 3109000000.0 |
| FY2021 | Product: 17214000000.0, Service: 3399000000.0 |
| FY2022 | Product: 18250000000.0, Service: 2171000000.0 |
| FY2023 | Product: 19563000000.0, Service: 2535000000.0 |
| FY2024 | Product: 19990000000.0, Service: 2496000000.0 |
| FY2025 | Product: 19173000000.0, Service: 2574000000.0 |
| Period | Value |
|---|---|
| FY2020 | Asia Pacific: 2655000000.0, Europe: 4935000000.0, Other Geographical Region: 761000000.0, UNITED STATES: 9105000000.0 |
| FY2021 | Asia Pacific: 3464000000.0, Europe: 5776000000.0, Other Geographical Region: 881000000.0, UNITED STATES: 10492000000.0 |
| FY2022 | Asia Pacific: 3489000000.0, Europe: 4359000000.0, Other Geographical Region: 776000000.0, UNITED STATES: 11797000000.0 |
| FY2023 | Asia Pacific: 4352000000.0, Europe: 4729000000.0, Other Geographical Region: 812000000.0, UNITED STATES: 12205000000.0 |
| FY2024 | Asia Pacific: 3817000000.0, Europe: 6687000000.0, Other Geographical Region: 688000000.0, UNITED STATES: 11294000000.0 |
| FY2025 | Asia Pacific: 3841000000.0, Europe: 6092000000.0, Other Geographical Region: 678000000.0, UNITED STATES: 11136000000.0 |
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